Key vendors are investing in emerging markets to strategically increase their sales
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global hybrid switchgear market in their latest research report. This report also lists 7 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated by the sales of a large range of products to different countries.
This Technavio report, under tools and components vertical, is based on the synthesis, analysis, and interpretation of information about the global hybrid switchgear market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The competition in the market is intense due to the presence of several international and regional players. The initial heavy capital expenditure acts as entry barrier for all the new entrants in the market. Vendors in the market compete on the basis of quality, design, product features, turnaround time, services, and maintenance of customer relationships. The manufacturers are concentraiting on investing heavily in emerging markets like China and India to increase their production capabilities and expand their global footprint. The companies are focusing on cost, product portfolio, innovative product addition, and geographical presence to increase their profitability and sustain the competition in the market. The players are adding new advanced products to their portfolios and offering a large range of products to attract more consumers and increase their revenues.
“Vendors are introducing PASS technology to attract consumers and gain a competitive advantage over other players in the market. This technology can integrate with the functionality of a circuit breaker, disconnector, and earthing switch, and current and voltage transformers. Also, it is easy to transport and install as it is already pre-assembled, and does not require the assembly of active parts during the installation. These switchgears are easy to maintain as well as the module is gas-insulated and does not require regular cleaning,” says Gaurav Mohindru, a lead analyst at Technavio for research on tools and components.
Top five vendors in the hybrid switchgear market space
ABB
The company offers automation and power technologies to diverse industries that include utilities, infrastructure, transport, and other industries. It also operates through various business segments like power systems, power products, low voltage products, process automation, and discrete automation and motion. Recently, the company announced the designing, manufacturing, installing, and commissioning of a new hybrid switchgear solution with a 1,200 kV circuit breaker.
Key products: PASS module for 72.5 – 420 kV, PASS modules with H configuration for 72.5 – 245 kV, MFM – multifunctional modules for substations from 72.5 to 420 kV, Hybrid switchgear PASS M00 for offshore wind farms – 72.5 kV, and Hybrid switchgear PASS M0 for railway application – 145 kV.
GE
GE products and services range from oil and gas production equipment, power generation, aircraft engines, and household appliances to industrial products, medical imaging, and business and consumer financing. Its hybrid compact switchgear assembly consists of circuit breakers, disconnectors, and earthing switches. It enables economic substation designs and operations with savings achieved in space consumption, transport and at-site installation, preparation planning, and switchyard cost and maintenance.
Key product: HYpact.
Mitsubishi Electric
The company provides development, manufacturing, and sale of electric and electronic equipment for commercial, residential, and industrial applications. It offers gas insulated switchgear and gas circuit breakers, which represent the best of modern technologies and various high voltage switchgears. Recently, the company announced the installation of an ultra-fast DC electric vehicle quick charger that will be available for use by the public.
Key product: Hybrid gas insulated switchgear.
Siemens
The company produces energy-efficient and resource-saving technologies and supplies equipment for power generation and transmission, and medical diagnosis. It offers substations are hybrid substations which are compact switchgear and have various applications that includes refurbishment and expansion of substations with air-insulated outdoor and indoor switchgear.
Key product: 8DN8 type highly integrated switchgear.
Toshiba
Toshiba designs, manufactures, and markets electrical products, electronic components and materials, industrial and social infrastructure systems, information and communications equipment and systems, and household appliances. It also manufactures a range of computers and office automation equipment, the company requires stable and the high-quality electric power supply.
Key product: Hybrid type GIS.
Other prominent vendors in this market include TGOOD, SkipperSeil, Shandong Taikai Power Engineering, Jingke, Ningbo Tianan, Suzhou Silverstone Electric, and Xi’an XD Switchgear Electric.
A more detailed analysis is available in the Technavio report, ‘Global Hybrid Switchgear Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
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Browse related reports:
- Global LV and MV Switchgear Market 2016-2020
- Global Electrical Equipment Market for the Power Distribution Industry 2016-2020
- Global Gas Insulated Switchgear (GIS) Market 2015-2019
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