Table of Content

"1    INTRODUCTION    29
1.1    STUDY OBJECTIVES    29
1.2    DEFINITION    29
1.2.1    DC SWITCHGEAR MARKET, BY VOLTAGE: INCLUSIONS & EXCLUSIONS    29
1.2.2    DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE:  INCLUSIONS & EXCLUSIONS    30
1.2.3    DC SWITCHGEAR MARKET, BY APPLICATION:  INCLUSIONS & EXCLUSIONS    30
1.3    MARKET SCOPE    31
1.3.1    DC SWITCHGEAR MARKET SEGMENTATION    31
1.3.2    REGIONAL SCOPE    31
1.4    YEARS CONSIDERED    32
1.5    CURRENCY    32
1.6    LIMITATIONS    32
1.7    STAKEHOLDERS    33
2    RESEARCH METHODOLOGY    34
2.1    RESEARCH DATA    34
FIGURE 1    DC SWITCHGEAR MARKET: RESEARCH DESIGN    34
2.2    MARKET BREAKDOWN AND DATA TRIANGULATION    35
FIGURE 2    DATA TRIANGULATION METHODOLOGY    35
2.2.1    SECONDARY DATA    36
2.2.1.1    Key data from secondary sources    36
2.2.2    PRIMARY DATA    37
2.2.2.1    Key data from primary sources    37
2.2.2.2    Primary interviews with experts    37
2.2.2.3    Breakdown of primaries    38
2.3    MARKET SIZE ESTIMATION    39
2.3.1    BOTTOM-UP APPROACH    39
FIGURE 3    MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH    39
2.3.2    TOP-DOWN APPROACH    40
FIGURE 4    MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH    40
2.4    DEMAND-SIDE METRICS    41
FIGURE 5    MAIN METRICS CONSIDERED FOR ANALYSING AND ASSESSING DEMAND FOR DC SWITCHGEARS    41
2.4.1    ASSUMPTIONS FOR DEMAND-SIDE ANALYSIS    41
2.5    SUPPLY-SIDE ANALYSIS    42
FIGURE 6    KEY STEPS CONSIDERED FOR ASSESSING SUPPLY OF DC SWITCHGEARS    42
FIGURE 7    DC SWITCHGEAR MARKET: SUPPLY-SIDE ANALYSIS    42
2.5.1    SUPPLY-SIDE CALCULATIONS    43
2.5.2    ASSUMPTIONS FOR SUPPLY-SIDE ANALYSIS    43
2.6    FORECAST    43
3    EXECUTIVE SUMMARY    44
TABLE 1    DC SWITCHGEAR MARKET SNAPSHOT    44
FIGURE 8    UP TO 750 V SEGMENT IS EXPECTED TO DOMINATE DC SWITCHGEAR MARKET, BY VOLTAGE, DURING FORECAST PERIOD    45
FIGURE 9    FIXED MOUNTING SEGMENT IS EXPECTED TO DOMINATE DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE, DURING FORECAST PERIOD    45
FIGURE 10    RAILWAYS SEGMENT IS EXPECTED TO HOLD LARGEST SIZE OF DC SWITCHGEAR MARKET, BY APPLICATION, DURING FORECAST PERIOD    46
FIGURE 11    ASIA PACIFIC DOMINATED DC SWITCHGEAR MARKET IN 2020    46
4    PREMIUM INSIGHTS    48
4.1    ATTRACTIVE OPPORTUNITIES IN DC SWITCHGEAR MARKET    48
FIGURE 12    GROWING DEMAND FOR RENEWABLE POWER GENERATION AND INCREASING INVESTMENTS IN RAILWAY SECTOR ARE EXPECTED TO DRIVE DC SWITCHGEAR MARKET, 2021–2026    48
4.2    DC SWITCHGEAR MARKET, BY REGION    49
FIGURE 13    DC SWITCHGEAR MARKET TO WITNESS HIGHEST GROWTH IN ASIA PACIFIC DURING FORECAST PERIOD    49
4.3    DC SWITCHGEAR MARKET, BY VOLTAGE    49
FIGURE 14    UP TO 750 V SEGMENT DOMINATED DC SWITCHGEAR MARKET,  BY VOLTAGE, IN 2020    49
4.4    DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE    50
FIGURE 15    FIXED MOUNTING SEGMENT DOMINATED DC SWITCHGEAR MARKET,  
BY PRODUCT, IN 2020    50
4.5    DC SWITCHGEAR MARKET, BY APPLICATION    50
FIGURE 16    RAILWAYS SEGMENT DOMINATED DC SWITCHGEAR MARKET,
 BY APPLICATION, IN 2020    50
4.6    DC SWITCHGEAR MARKET IN ASIA PACIFIC,  BY APPLICATION & COUNTRY    51
FIGURE 17    RAILWAYS & CHINA DOMINATED ASIA PACIFIC DC SWITCHGEAR MARKET,  
BY APPLICATION & COUNTRY, IN 2020    51
5    MARKET OVERVIEW    52
5.1    INTRODUCTION    52
5.2    COVID-19 HEALTH ASSESSMENT    52
FIGURE 18    COVID-19 GLOBAL PROPAGATION    53
FIGURE 19    COVID-19 PROPAGATION IN SELECT COUNTRIES    53
5.3    COVID-19 ECONOMIC ASSESSMENT    54
FIGURE 20    COMPARISON OF GDP FOR SELECT G20 COUNTRIES IN 2020    54
5.4    MARKET DYNAMICS    55
FIGURE 21    DC SWITCHGEAR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,  AND CHALLENGES    55
5.4.1    DRIVERS    55
5.4.1.1    Increasing investments in upgrade of transmission and distribution networks    55
FIGURE 22    GLOBAL INVESTMENT IN POWER SECTOR, BY TECHNOLOGY, 2021    56
5.4.1.2    Growth in renewable power generation    56
5.4.1.3    Increasing demand for reliable and secure power supply worldwide    57
5.4.2    RESTRAINTS    57
5.4.2.1    Impact of environmental conditions on performance of DC switchgears    57
5.4.2.2    Increase in competition from unorganized sector    57
5.4.3    OPPORTUNITIES    58
5.4.3.1    Introduction of performance-based incentive schemes and definite service programs for distributors in multiple countries    58
5.4.3.2    Adoption of high voltage direct current (HVDC) technology    58
5.4.4    CHALLENGES    58
5.4.4.1    Cybersecurity issues    58
5.5    TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES    59
5.5.1    REVENUE SHIFT AND NEW REVENUE POCKETS IN DC SWITCHGEAR MARKET    59
FIGURE 23    REVENUE SHIFT OF DC SWITCHGEAR PROVIDERS    59
5.6    SUPPLY CHAIN ANALYSIS    60
FIGURE 24    DC SWITCHGEAR MARKET: SUPPLY CHAIN ANALYSIS    60
5.6.1    RAW MATERIAL SUPPLIERS    60
5.6.2    DC SWITCHGEAR MANUFACTURERS    60
5.6.3    ENGINEERING, PROCUREMENT, AND CONSTRUCTION (EPC) PROVIDERS AND DC SWITCHGEAR SYSTEM MANUFACTURERS    60
5.6.4    DISTRIBUTORS    60
5.6.5    END USERS    61
5.7    MARKET MAP    61
FIGURE 25    DC SWITCHGEAR: MARKET MAP    61
5.8    INNOVATIONS & PATENT REGISTRATION    62
5.9    TECHNOLOGY ANALYSIS    62
5.10    SWITCHGEAR MARKET: REGULATIONS    63
5.11    PRICING ANALYSIS    66
TABLE 2    AVERAGE COST OF DC SWITCHGEAR, BY REGION, (USD)    66
5.12    PORTER’S FIVE FORCES ANALYSIS    67
FIGURE 26    DC SWITCHGEAR MARKET: PORTER’S FIVE FORCES ANALYSIS    67
TABLE 3    DC SWITCHGEAR MARKET: PORTER’S FIVE FORCES ANALYSIS    67
5.12.1    THREAT OF NEW ENTRANTS    68
5.12.2    BARGAINING POWER OF SUPPLIERS    68
5.12.3    BARGAINING POWER OF BUYERS    68
5.12.4    THREAT OF SUBSTITUTES    68
5.12.5    DEGREE OF COMPETITION    68
5.13    CASE STUDY ANALYSIS    69
5.13.1    SIEMENS AIMS TO ENHANCE ITS SWITCHGEAR PRODUCT PORTFOLIO THROUGH ADOPTING INORGANIC GROWTH STRATEGY    69
6    DC SWITCHGEAR MARKET, BY VOLTAGE    70
6.1    INTRODUCTION    71
FIGURE 27    DC SWITCHGEAR MARKET, BY VOLTAGE, 2020    71
TABLE 4    DC SWITCHGEAR MARKET, BY VOLTAGE, 2019–2026 (USD MILLION)    71
6.2    UP TO 750 V    72
6.2.1    UP TO 750 V DC SWITCHGEARS ARE PRIMARILY USED IN METROS AND SUBURBAN RAILWAY NETWORKS    72
TABLE 5    UP TO 750 V: DC SWITCHGEAR MARKET, BY REGION,
2019–2026 (USD MILLION)    72
6.3    750 V TO 1,800 V    72
6.3.1    750 V TO 1,800 V DC SWITCHGEARS ARE ASSOCIATED WITH HIGHER MATCHING LOSS AND HIGH SAFETY REQUIREMENTS    72
TABLE 6    750 V TO 1,800 V: DC SWITCHGEAR MARKET, BY REGION,
2019–2026 (USD MILLION)    73
6.4    1,800 V TO 3,000 V    73
6.4.1    1800 V TO 3000 V DC SWITCHGEARS OFFER EXCEPTIONAL ENERGY EFFICIENCY AND FACILITATE HIGHER ACCELERATION OF LOCOMOTIVES    73
TABLE 7    1,800 V TO 3,000 V: DC SWITCHGEAR MARKET, BY REGION,
2019–2026 (USD MILLION)    73
6.5    3,000 V TO 10 KV    74
6.5.1    GROWING INFRASTRUCTURE DEVELOPMENTS TO DRIVE MARKET FOR 3,000 V TO 10 KV DC SWITCHGEARS    74
TABLE 8    3,000 V TO 10 KV: DC SWITCHGEAR MARKET, BY REGION,
2019–2026 (USD MILLION)    74
6.6    ABOVE 10 KV    74
6.6.1    INCREASING INVESTMENT IN POWER TRANSMISSION AND LOCOMOTIVES EXPECTED TO DRIVE MARKET FOR ABOVE 10 KV DC SWITCHGEARS    74
TABLE 9    ABOVE 10 KV: DC SWITCHGEAR MARKET, BY REGION,
2019–2026 (USD MILLION)    74
7    DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE    76
7.1    INTRODUCTION    77
FIGURE 28    DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE, 2020    77
TABLE 10    DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,
2019–2026 (USD MILLION)    77
7.2    FIXED MOUNTING    78
7.2.1    FIXED MOUNTING OFFERS ADVANTAGES OF LOW FAILURE RATE AND HIGH SAFETY    78
TABLE 11    FIXED MOUNTING: DC SWITCHGEAR MARKET, BY REGION,
2019–2026 (USD MILLION)    78
7.3    PLUG-IN    78
7.3.1    PLUG-IN SWITCHGEAR UNITS HAVE SIMPLE INSTALLATION PROCESS AND OFFER HIGH MECHANICAL STABILITY    78
TABLE 12    PLUG-IN: DC SWITCHGEAR MARKET, BY REGION, 2019–2026 (USD MILLION)    79
7.4    WITHDRAWABLE UNIT    79
7.4.1    WITHDRAWABLE UNITS HAVE LOW LIFECYCLE COSTS AND OFFER HIGH FLEXIBILITY OF OPERATION    79
TABLE 13    WITHDRAWABLE UNIT: DC SWITCHGEAR MARKET, BY REGION,  
2019–2026 (USD MILLION)    79
8    DC SWITCHGEAR MARKET, BY APPLICATION    80
8.1    INTRODUCTION    81
FIGURE 29    DC SWITCHGEAR MARKET, BY APPLICATION, 2020    81
TABLE 14    DC SWITCHGEAR MARKET, BY APPLICATION, 2019–2026 (USD MILLION)    81
8.2    RAILWAYS    82
TABLE 15    RAILWAYS: DC SWITCHGEAR MARKET, BY REGION,
2019–2026 (USD MILLION)    82
8.2.1    HEAVY RAILS    82
8.2.1.1    Upcoming plans for expanding heavy rail network is expected to drive market growth    82
TABLE 16    HEAVY RAILS: DC SWITCHGEAR MARKET, BY REGION,
2019–2026 (USD MILLION)    83
8.2.2    METROS    83
8.2.2.1    Increasing metro projects in developing countries is likely to boost demand for dc switchgears    83
TABLE 17    METROS: DC SWITCHGEAR MARKET, BY REGION, 2019–2026 (USD MILLION)    83
8.2.3    LIGHT RAIL    84
8.2.3.1    Growing demand for DC electrification system within light rail is expected to boost market    84
TABLE 18    LIGHT RAIL: DC SWITCHGEAR MARKET, BY REGION,
2019–2026 (USD MILLION)    84
8.3    SOLAR FARMS    84
8.3.1    INCREASING DEMAND FOR SOLAR POWER IS EXPECTED TO BOOST MARKET GROWTH    84
TABLE 19    SOLAR FARMS: DC SWITCHGEAR MARKET, BY REGION,
2019–2026 (USD MILLION)    85
8.4    BATTERY STORAGE    85
8.4.1    HUGE DEMAND FOR BATTERY STORAGE IN ASIA PACIFIC AND NORTH AMERICA IS EXPECTED TO DRIVE MARKET GROWTH    85
TABLE 20    BATTERY STORAGE: DC SWITCHGEAR MARKET, BY REGION,
2019–2026 (USD MILLION)    85
8.5    EV CHARGING INFRASTRUCTURE    86
8.5.1    INCREASING NUMBER OF EV CHARGING STATIONS WORLDWIDE IS EXPECTED TO FUEL MARKET GROWTH    86
TABLE 21    EV CHARGING INFRASTRUCTURE: DC SWITCHGEAR MARKET, BY REGION,  2019–2026 (USD MILLION)    86
8.6    MARINE    86
8.6.1    INCREASING NEED FOR IMPROVING ENERGY EFFICIENCY WITHIN MARINE SECTOR IS LIKELY TO BOOST DEMAND FOR DC SWITCHGEARS    86
TABLE 22    MARINE: DC SWITCHGEAR MARKET, BY REGION, 2019–2026 (USD MILLION)    87
8.7    POWER GENERATION    87
8.7.1    RISING NEED OF UNINTERRUPTED AND RELIABLE POWER IS EXPECTED TO DRIVE MARKET    87
TABLE 23    POWER GENERATION: DC SWITCHGEAR MARKET, BY REGION,  
2019–2026 (USD MILLION)    87
8.8    OTHERS    88
TABLE 24    OTHERS: DC SWITCHGEAR MARKET, BY REGION,  2019–2026 (USD MILLION)    88
9    DC SWITCHGEAR MARKET, BY REGION    89
9.1    INTRODUCTION    90
FIGURE 30    REGIONAL SNAPSHOT: MARKET IN ASIA PACIFIC IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD    90
FIGURE 31    DC SWITCHGEAR MARKET SHARE (VALUE), BY REGION, 2020    90
TABLE 25    DC SWITCHGEAR MARKET, BY REGION, 2019–2026 (USD MILLION)    91
9.2    ASIA PACIFIC    91
FIGURE 32    SNAPSHOT: DC SWITCHGEAR MARKET IN ASIA PACIFIC    92
9.2.1    BY VOLTAGE    92
TABLE 26    ASIA PACIFIC: DC SWITCHGEAR MARKET, BY VOLTAGE,
2019–2026 (USD MILLION)    92
9.2.2    BY DEPLOYMENT TYPE    93
TABLE 27    ASIA PACIFIC: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,  
2019–2026 (USD MILLION)    93
9.2.3    BY APPLICATION    93
TABLE 28    ASIA PACIFIC: DC SWITCHGEAR MARKET, BY APPLICATION,
2019–2026 (USD MILLION)    93
9.2.3.1    By railways    93
TABLE 29    ASIA PACIFIC: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,  2019–2026 (USD MILLION)    93
9.2.4    BY COUNTRY    94
TABLE 30    ASIA PACIFIC: DC SWITCHGEAR MARKET, BY COUNTRY,
2019–2026 (USD MILLION)    94
9.2.4.1    China    94
9.2.4.1.1    Rising investments in renewable energy, battery storage, and railways sectors to fuel growth of DC switchgear market in China    94
TABLE 31    CHINA: DC SWITCHGEAR MARKET, BY VOLTAGE, 2019–2026 (USD MILLION)    95
TABLE 32    CHINA: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,
2019–2026 (USD MILLION)    95
TABLE 33    CHINA: DC SWITCHGEAR MARKET, BY APPLICATION,
2019–2026 (USD MILLION)    95
TABLE 34    CHINA: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,  
2019–2026 (USD MILLION)    96
9.2.4.2    Australia    96
9.2.4.2.1    Government initiatives to enhance energy storage infrastructure to boost demand for DC switchgears    96
TABLE 35    AUSTRALIA: DC SWITCHGEAR MARKET, BY VOLTAGE,
2019–2026 (USD MILLION)    96
TABLE 36    AUSTRALIA: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,
 2019–2026 (USD MILLION)    97
TABLE 37    AUSTRALIA: DC SWITCHGEAR MARKET, BY APPLICATION,
2019–2026 (USD MILLION)    97
TABLE 38    AUSTRALIA: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,
 2019–2026 (USD MILLION)    97
9.2.4.3    Japan    98
9.2.4.3.1    Investments in energy storage and railway transportation infrastructure development to spur market growth in Japan    98
TABLE 39    JAPAN: DC SWITCHGEAR MARKET, BY VOLTAGE, 2019–2026 (USD MILLION)    98
TABLE 40    JAPAN: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,
2019–2026 (USD MILLION)    98
TABLE 41    JAPAN: DC SWITCHGEAR MARKET, BY APPLICATION,
2019–2026 (USD MILLION)    99
TABLE 42    JAPAN: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,  
2019–2026 (USD MILLION)    99
9.2.4.4    South Korea    99
9.2.4.4.1    South Korean government’s commitment to reduce carbon emission is expected fuel growth of DC switchgear market in South Korea    99
TABLE 43    SOUTH KOREA: DC SWITCHGEAR MARKET, BY VOLTAGE,
2019–2026 (USD MILLION)    100
TABLE 44    SOUTH KOREA: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,  
2019–2026 (USD MILLION)    100
TABLE 45    SOUTH KOREA: DC SWITCHGEAR MARKET, BY APPLICATION,
2019–2026 (USD MILLION)    100
TABLE 46    SOUTH KOREA: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,  2019–2026 (USD MILLION)    101
9.2.4.5    India    101
9.2.4.5.1    Increased renewables target to push DC switchgear market growth in India    101
TABLE 47    INDIA: DC SWITCHGEAR MARKET, BY VOLTAGE, 2019–2026 (USD MILLION)    101
TABLE 48    INDIA: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,
2019–2026 (USD MILLION)    102
TABLE 49    INDIA: DC SWITCHGEAR MARKET, BY APPLICATION,
2019–2026 (USD MILLION)    102
TABLE 50    INDIA: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,  
2019–2026 (USD MILLION)    102
9.2.4.6    Rest of Asia Pacific    103
TABLE 51    REST OF ASIA PACIFIC: DC SWITCHGEAR MARKET, BY VOLTAGE,  
2019–2026 (USD MILLION)    103
TABLE 52    REST OF ASIA PACIFIC: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,  2019–2026 (USD MILLION)    103
TABLE 53    REST OF ASIA PACIFIC: DC SWITCHGEAR MARKET, BY APPLICATION,  
2019–2026 (USD MILLION)    104
TABLE 54    REST OF ASIA PACIFIC: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,  2019–2026 (USD MILLION)    104
9.3    NORTH AMERICA    104
FIGURE 33    SNAPSHOT: DC SWITCHGEAR MARKET IN NORTH AMERICA    105
9.3.1    BY VOLTAGE    105
TABLE 55    NORTH AMERICA: DC SWITCHGEAR MARKET, BY VOLTAGE,
2019–2026 (USD MILLION)    105
9.3.2    BY DEPLOYMENT TYPE    106
TABLE 56    NORTH AMERICA: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,  
2019–2026 (USD MILLION)    106
9.3.3    BY APPLICATION    106
TABLE 57    NORTH AMERICA: DC SWITCHGEAR MARKET, BY APPLICATION,  
2019–2026 (USD MILLION)    106
9.3.3.1    By railways    106
TABLE 58    NORTH AMERICA: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,  2019–2026 (USD MILLION)    106
9.3.4    BY COUNTRY    107
TABLE 59    NORTH AMERICA: DC SWITCHGEAR MARKET, BY COUNTRY,
2019–2026 (USD MILLION)    107
9.3.4.1    US    107
9.3.4.1.1    Government initiatives to expand and modernize metro rail network is expected to drive demand for DC switchgears in US    107
TABLE 60    US: DC SWITCHGEAR MARKET, BY VOLTAGE, 2019–2026 (USD MILLION)    107
TABLE 61    US: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,
2019–2026 (USD MILLION)    108
TABLE 62    US: DC SWITCHGEAR MARKET, BY APPLICATION, 2019–2026 (USD MILLION)    108
TABLE 63    US: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,
2019–2026 (USD MILLION)    108
9.3.4.2    Canada    109
9.3.4.2.1    Modernization of solar power generation facilities In Canada to provide lucrative growth opportunity for DC switchgear market    109
TABLE 64    CANADA: DC SWITCHGEAR MARKET, BY VOLTAGE,
2019–2026 (USD MILLION)    109
TABLE 65    CANADA: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,
2019–2026 (USD MILLION)    109
TABLE 66    CANADA: DC SWITCHGEAR MARKET, BY APPLICATION,
2019–2026 (USD MILLION)    110
TABLE 67    CANADA: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,  
2019–2026 (USD MILLION)    110
9.3.4.3    Mexico    110
9.3.4.3.1    Growing solar power generation is expected to boost demand for DC switchgears in Mexico    110
TABLE 68    MEXICO: DC SWITCHGEAR MARKET, BY VOLTAGE,
2019–2026 (USD MILLION)    111
TABLE 69    MEXICO: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,
2019–2026 (USD MILLION)    111
TABLE 70    MEXICO: DC SWITCHGEAR MARKET, BY APPLICATION,
2019–2026 (USD MILLION)    111
TABLE 71    MEXICO: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,  
2019–2026 (USD MILLION)    112
9.4    EUROPE    112
9.4.1    BY VOLTAGE    112
TABLE 72    EUROPE: DC SWITCHGEAR MARKET, BY VOLTAGE,
2019–2026 (USD MILLION)    112
9.4.2    BY DEPLOYMENT TYPE    113
TABLE 73    EUROPE: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,
2019–2026 (USD MILLION)    113
9.4.3    BY APPLICATION    113
TABLE 74    EUROPE: DC SWITCHGEAR MARKET, BY APPLICATION,
2019–2026 (USD MILLION)    113
9.4.3.1    By railways    113
TABLE 75    EUROPE: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,  
2019–2026 (USD MILLION)    113
9.4.4    BY COUNTRY    114
TABLE 76    EUROPE: DC SWITCHGEAR MARKET, BY COUNTRY,
2019–2026 (USD MILLION)    114
9.4.4.1    Germany    114
9.4.4.1.1    Upcoming solar power generation projects to fuel growth of DC switchgear market in Germany    114
TABLE 77    GERMANY: DC SWITCHGEAR MARKET, BY VOLTAGE,
2019–2026 (USD MILLION)    114
TABLE 78    GERMANY: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,
2019–2026 (USD MILLION)    115
TABLE 79    GERMANY: DC SWITCHGEAR MARKET, BY APPLICATION,
2019–2026 (USD MILLION)    115
TABLE 80    GERMANY: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,  
2019–2026 (USD MILLION)    115
9.4.4.2    UK    116
9.4.4.2.1    Growing integration of renewable energy into electricity generation mix is expected to drive demand for DC switchgears in UK    116
TABLE 81    UK: DC SWITCHGEAR MARKET, BY VOLTAGE, 2019–2026 (USD MILLION)    116
TABLE 82    UK: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,
2019–2026 (USD MILLION)    116
TABLE 83    UK: DC SWITCHGEAR MARKET, BY APPLICATION, 2019–2026 (USD MILLION)    117
TABLE 84    UK: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,
2019–2026 (USD MILLION)    117
9.4.4.3    France    117
9.4.4.3.1    Growing number of solar power projects is expected to drive demand for DC switchgears in France    117
TABLE 85    FRANCE: DC SWITCHGEAR MARKET, BY VOLTAGE,
2019–2026 (USD MILLION)    118
TABLE 86    FRANCE: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,
2019–2026 (USD MILLION)    118
TABLE 87    FRANCE: DC SWITCHGEAR MARKET, BY APPLICATION,
2019–2026 (USD MILLION)    118
TABLE 88    FRANCE: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,  
2019–2026 (USD MILLION)    119
9.4.4.4    Russia    119
9.4.4.4.1    Increasing investments in energy storage infrastructure and railways is likely to fuel market growth    119
TABLE 89    RUSSIA: DC SWITCHGEAR MARKET, BY VOLTAGE,
2019–2026 (USD MILLION)    119
TABLE 90    RUSSIA: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,
2019–2026 (USD MILLION)    120
TABLE 91    RUSSIA: DC SWITCHGEAR MARKET, BY APPLICATION,
2019–2026 (USD MILLION)    120
TABLE 92    RUSSIA: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,  
2019–2026 (USD MILLION)    120
9.4.4.5    Rest of Europe    121
TABLE 93    REST OF EUROPE: DC SWITCHGEAR MARKET, BY VOLTAGE,
2019–2026 (USD MILLION)    121
TABLE 94    REST OF EUROPE: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,  
2019–2026 (USD MILLION)    121
TABLE 95    REST OF EUROPE: DC SWITCHGEAR MARKET, BY APPLICATION,  
2019–2026 (USD MILLION)    122
TABLE 96    REST OF EUROPE: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,  2019–2026 (USD MILLION)    122
9.5    SOUTH AMERICA    122
9.5.1    BY VOLTAGE    123
TABLE 97    SOUTH AMERICA: DC SWITCHGEAR MARKET, BY VOLTAGE,
2019–2026 (USD MILLION)    123
9.5.2    BY DEPLOYMENT TYPE    123
TABLE 98    SOUTH AMERICA: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,  
2019–2026 (USD MILLION)    123
9.5.3    BY APPLICATION    123
TABLE 99    SOUTH AMERICA: DC SWITCHGEAR MARKET, BY APPLICATION,  
2019–2026 (USD MILLION)    123
9.5.3.1    By railways    124
TABLE 100    SOUTH AMERICA: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,  2019–2026 (USD MILLION)    124
9.5.4    BY COUNTRY    124
TABLE 101    SOUTH AMERICA: DC SWITCHGEAR MARKET, BY COUNTRY,
2019–2026 (USD MILLION)    124
9.5.4.1    Brazil    124
9.5.4.1.1    Significant investments in electricity distribution network to underpin market growth in Brazil    124
TABLE 102    BRAZIL: DC SWITCHGEAR MARKET, BY VOLTAGE, 2019–2026 (USD MILLION)    125
TABLE 103    BRAZIL: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,
2019–2026 (USD MILLION)    125
TABLE 104    BRAZIL: DC SWITCHGEAR MARKET, BY APPLICATION,
2019–2026 (USD MILLION)    125
TABLE 105    BRAZIL: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,  
2019–2026 (USD MILLION)    126
9.5.4.2    Argentina    126
9.5.4.2.1    Government support to promote renewables and railways sector to favor market growth    126
TABLE 106    ARGENTINA: DC SWITCHGEAR MARKET, BY VOLTAGE,
2019–2026 (USD MILLION)    126
TABLE 107    ARGENTINA: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,  
2019–2026 (USD MILLION)    127
TABLE 108    ARGENTINA: DC SWITCHGEAR MARKET, BY APPLICATION,
2019–2026 (USD MILLION)    127
TABLE 109    ARGENTINA: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,
 2019–2026 (USD MILLION)    127
9.5.4.3    Rest of South America    128
TABLE 110    REST OF SOUTH AMERICA: DC SWITCHGEAR MARKET, BY VOLTAGE,  
2019–2026 (USD MILLION)    128
TABLE 111    REST OF SOUTH AMERICA: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,  2019–2026 (USD MILLION)    128
TABLE 112    REST OF SOUTH AMERICA: DC SWITCHGEAR MARKET, BY APPLICATION,  2019–2026 (USD MILLION)    129
TABLE 113    REST OF SOUTH AMERICA: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,  2019–2026 (USD MILLION)    129
9.6    MIDDLE EAST & AFRICA    129
9.6.1    BY VOLTAGE    130
TABLE 114    MIDDLE EAST & AFRICA: DC SWITCHGEAR MARKET, BY VOLTAGE,
 2019–2026 (USD MILLION)    130
9.6.2    BY DEPLOYMENT TYPE    130
TABLE 115    MIDDLE EAST & AFRICA: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,  2019–2026 (USD MILLION)    130
9.6.3    BY APPLICATION    130
TABLE 116    MIDDLE EAST & AFRICA: DC SWITCHGEAR MARKET, BY APPLICATION,  
2019–2026 (USD MILLION)    130
9.6.3.1    By railways    131
TABLE 117    MIDDLE EAST & AFRICA: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,  2019–2026 (USD MILLION)    131
9.6.4    BY COUNTRY    131
TABLE 118    MIDDLE EAST & AFRICA: DC SWITCHGEAR MARKET, BY COUNTRY,  
2019–2026 (USD MILLION)    131
9.6.4.1    Saudi Arabia    131
9.6.4.1.1    Increasing power generation from solar resources to fuel demand for DC switchgears    131
TABLE 119    SAUDI ARABIA: DC SWITCHGEAR MARKET, BY VOLTAGE,
2019–2026 (USD MILLION)    132
TABLE 120    SAUDI ARABIA: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,  
2019–2026 (USD MILLION)    132
TABLE 121    SAUDI ARABIA: DC SWITCHGEAR MARKET, BY APPLICATION,
2019–2026 (USD MILLION)    132
TABLE 122    SAUDI ARABIA: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,  2019–2026 (USD MILLION)    133
9.6.4.2    UAE    133
9.6.4.2.1    Efforts to modernize electricity sector would augment demand for DC switchgears in UAE    133
TABLE 123    UAE: DC SWITCHGEAR MARKET, BY VOLTAGE, 2019–2026 (USD MILLION)    133
TABLE 124    UAE: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,
2019–2026 (USD MILLION)    134
TABLE 125    UAE: DC SWITCHGEAR MARKET, BY APPLICATION,
2019–2026 (USD MILLION)    134
TABLE 126    UAE: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,
2019–2026 (USD MILLION)    134
9.6.4.3    Kuwait    135
9.6.4.3.1    Initiation of various infrastructural projects in Kuwait to support DC switchgear market growth    135
TABLE 127    KUWAIT: DC SWITCHGEAR MARKET, BY VOLTAGE,
2019–2026 (USD MILLION)    135
TABLE 128    KUWAIT: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,
2019–2026 (USD MILLION)    135
TABLE 129    KUWAIT: DC SWITCHGEAR MARKET, BY APPLICATION,
2019–2026 (USD MILLION)    136
TABLE 130    KUWAIT: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,  
2019–2026 (USD MILLION)    136
9.6.4.4    South Africa    136
9.6.4.4.1    Development of electric vehicle charging stations would give major push to DC switchgear market in South Africa    136
TABLE 131    SOUTH AFRICA: DC SWITCHGEAR MARKET, BY VOLTAGE,
2019–2026 (USD MILLION)    137
TABLE 132    SOUTH AFRICA: DC SWITCHGEAR MARKET, BY DEPLOYMENT TYPE,  
2019–2026 (USD MILLION)    137
TABLE 133    SOUTH AFRICA: DC SWITCHGEAR MARKET, BY APPLICATION,
2019–2026 (USD MILLION)    137
TABLE 134    SOUTH AFRICA: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION,  2019–2026 (USD MILLION)    138
9.6.4.5    Rest of Middle East & Africa    138
TABLE 135    REST OF MIDDLE EAST & AFRICA: DC SWITCHGEAR MARKET, BY VOLTAGE,  2019–2026 (USD MILLION)    138
TABLE 136    REST OF MIDDLE EAST & AFRICA: DC SWITCHGEAR MARKET,
BY DEPLOYMENT TYPE, 2019–2026 (USD MILLION)    138
TABLE 137    REST OF MIDDLE EAST & AFRICA: DC SWITCHGEAR MARKET,
BY APPLICATION,  2019–2026 (USD MILLION)    139
TABLE 138    REST OF MIDDLE EAST & AFRICA: DC SWITCHGEAR MARKET, BY RAILWAYS APPLICATION, 2019–2026 (USD MILLION)    139
10    COMPETITIVE LANDSCAPE    140
10.1    OVERVIEW    140
FIGURE 34    KEY DEVELOPMENTS IN DC SWITCHGEAR MARKET, 2017 TO 2021    141
10.2    MARKET SHARE ANALYSIS OF KEY PLAYERS, 2020    142
TABLE 139    DC SWITCHGEAR MARKET: DEGREE OF COMPETITION    142
FIGURE 35    SHARE ANALYSIS OF TOP PLAYERS IN DC SWITCHGEAR MARKET, 2020    142
10.3    MARKET EVALUATION FRAMEWORK    143
TABLE 140    MARKET EVALUATION FRAMEWORK, 2017–2021    143
10.4    SEGMENTAL REVENUE ANALYSIS OF TOP MARKET PLAYERS    144
FIGURE 36    SEGMENTAL REVENUE ANALYSIS, 2016–2020    144
10.5    RECENT DEVELOPMENTS    145
10.5.1    DEALS    145
TABLE 141    DC SWITCHGEAR MARKET: DEALS, 2017–2021    145
10.5.2    OTHERS    146
TABLE 142    DC SWITCHGEAR MARKET: OTHERS, 2017–2021    146
10.6    COMPANY EVALUATION QUADRANT    147
10.6.1    STAR    147
10.6.2    EMERGING LEADER    147
10.6.3    PERVASIVE    147
10.6.4    PARTICIPANT    148
FIGURE 37    DC SWITCHGEAR MARKET: COMPANY EVALUATION QUADRANT, 2020    148
TABLE 143    COMPANY REGION FOOTPRINT    149
11    COMPANY PROFILES    150
11.1    KEY COMPANIES    150
(Business and financial overview, Products/solutions/services offered, Recent developments, Product launches, Deals, MnM view, Key strengths/right to win, Strategic choices made, and Weaknesses and competitive threats)*
11.1.1    ABB    150
TABLE 144    ABB: BUSINESS OVERVIEW    150
FIGURE 38    ABB: COMPANY SNAPSHOT, 2020    151
TABLE 145    ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED    151
TABLE 146    ABB: PRODUCT LAUNCHES    152
TABLE 147    ABB: DEALS    152
TABLE 148    ABB: OTHERS    153
11.1.2    SIEMENS    154
TABLE 149    SIEMENS: BUSINESS OVERVIEW    154
FIGURE 39    SIEMENS: COMPANY SNAPSHOT, 2020    155
TABLE 150    SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    155
TABLE 151    SIEMENS: DEALS    156
11.1.3    EATON    158
TABLE 152    EATON: BUSINESS OVERVIEW    158
FIGURE 40    EATON: COMPANY SNAPSHOT, 2020    159
TABLE 153    EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED    159
TABLE 154    EATON: PRODUCT LAUNCHES    160
TABLE 155    EATON: DEALS    160
TABLE 156    EATON: OTHERS    161
11.1.4    HITACHI ENERGY LTD.    163
TABLE 157    HITACHI LTD.,: BUSINESS OVERVIEW    163
FIGURE 41    HITACHI LTD.,: COMPANY SNAPSHOT, 2020    164
TABLE 158    HITACHI ENERGY LTD.,: PRODUCTS/SOLUTIONS/SERVICES OFFERED    164
TABLE 159    HITACHI ENERGY LTD.: DEALS    165
TABLE 160    HITACHI ENERGY LTD.: OTHERS    166
11.1.5    TOSHIBA INFRASTRUCTURE SYSTEMS & SOLUTIONS CORPORATION    167
TABLE 161    TOSHIBA CORPORATION: BUSINESS OVERVIEW    167
FIGURE 42    TOSHIBA CORPORATION: COMPANY SNAPSHOT, 2021    168
TABLE 162    TOSHIBA INFRASTRUCTURE SYSTEMS & SOLUTIONS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    168
TABLE 163    TOSHIBA INFRASTRUCTURE SYSTEMS & SOLUTIONS CORPORATION: DEALS    169
11.1.6    GENERAL ELECTRIC    171
TABLE 164    GENERAL ELECTRIC: BUSINESS OVERVIEW    171
FIGURE 43    GENERAL ELECTRIC: COMPANY SNAPSHOT, 2020    172
TABLE 165    GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    172
11.1.7    SCHNEIDER ELECTRIC    173
TABLE 166    SCHNEIDER ELECTRIC: BUSINESS OVERVIEW    173
FIGURE 44    SCHNEIDER ELECTRIC: COMPANY SNAPSHOT, 2020    174
TABLE 167    SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    174
TABLE 168    SCHNEIDER ELECTRIC: DEALS    175
TABLE 169    SCHNEIDER ELECTRIC: OTHERS    175
11.1.8    PLUTON RAIL PTY LTD    176
TABLE 170    PLUTON RAIL PTY LTD: BUSINESS OVERVIEW    176
TABLE 171    PLUTON RAIL PTY LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED    176
TABLE 172    PLUTON RAIL PTY LTD: PRODUCT LAUNCHES    177
TABLE 173    PLUTON RAIL PTY LTD: DEALS    177
11.1.9    SÉCHERON    179
TABLE 174    SÉCHERON: BUSINESS OVERVIEW    179
TABLE 175    SÉCHERON: PRODUCTS/SOLUTIONS/SERVICES OFFERED    179
TABLE 176    SÉCHERON: DEALS    180
TABLE 177    SÉCHERON: OTHERS    180
11.1.10    LS ELECTRIC CO., LTD    181
TABLE 178    LS ELECTRIC CO., LTD: BUSINESS OVERVIEW    181
FIGURE 45    LS ELECTRIC CO., LTD: COMPANY SNAPSHOT, 2020    181
TABLE 179    LS ELECTRIC CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED    182
TABLE 180    LS ELECTRIC CO., LTD: OTHERS    182
11.1.11    L&T ELECTRICAL & AUTOMATION    183
TABLE 181    L&T ELECTRICAL & AUTOMATION: BUSINESS OVERVIEW    183
TABLE 182    L&T ELECTRICAL & AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    183
11.1.12    MYERS POWER PRODUCTS, INC.    184
TABLE 183    MYERS POWER PRODUCTS, INC.: BUSINESS OVERVIEW    184
TABLE 184    MYERS POWER PRODUCTS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    184
TABLE 185    MYERS POWER PRODUCTS, INC.: DEALS    185
11.1.13    KDM STEEL    186
TABLE 186    KDM STEEL: BUSINESS OVERVIEW    186
TABLE 187    KDM STEEL: PRODUCTS/SOLUTIONS/SERVICES OFFERED    186
11.1.14    ENTEC ELECTRIC & ELECTRONIC    187
TABLE 188    ENTEC ELECTRIC & ELECTRONIC: BUSINESS OVERVIEW    187
TABLE 189    ENTEC ELECTRIC & ELECTRONIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    187
11.1.15    BRUSH GROUP    188
TABLE 190    BRUSH GROUP: BUSINESS OVERVIEW    188
TABLE 191    BRUSH GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    188
TABLE 192    BRUSH GROUP: DEALS    188
11.1.16    DAQO GROUP    189
TABLE 193    DAQO GROUP: BUSINESS OVERVIEW    189
TABLE 194    DAQO GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    189
11.2    OTHER COMPANIES    190
11.2.1    NINGBO TIANAN (GROUP) CO., LTD    190
11.2.2    POWELL INDUSTRIES    190
11.2.3    DDAQO GROUP    191
11.2.4    MEIDENSHA CORPORATION    191
11.2.5    GRIMARD    192
11.3    OTHER PLAYERS    192
*Details on Business and financial overview, Products/solutions/services offered, Recent developments, Product launches, Deals, MnM view, Key strengths/right to win, Strategic choices made, and Weaknesses and competitive threats might not be captured in case of unlisted companies.
12    APPENDIX    193
12.1    INSIGHTS OF INDUSTRY EXPERTS    193
12.2    DISCUSSION GUIDE    194
12.3    KNOWLEDGE STORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL    198
12.4    AVAILABLE CUSTOMIZATIONS    200
12.5    RELATED REPORTS    200
12.6    AUTHOR DETAILS    201"