Switchgear Monitoring System in North America: Innovations and Market Growth

 The global Switchgear Monitoring System Market is projected to reach USD 2.7 billion by 2028 from an estimated USD 1.8 billion in 2023, at a CAGR of 8.4% during the forecast period. The demand to secure electrical distribution systems is the need for the continuous monitoring of switchgear, and growing investments in renewable energy offer high-growth opportunities for the market.

Gas Insulated Switchgear, by type, is expected to grow by the largest segment during the forecast period.

Based on type, the switchgear monitoring system market has been segmented into gas insulated switchgear and air insulated switchgear. Monitoring systems are in high demand for the Gas insulated switchgear systems, as switchgear monitoring systems are essential for gas-insulated switchgear (GIS) to ensure its reliability, safety, and longevity. GIS is a type of high-voltage switchgear that uses sulfur hexafluoride (SF6) gas as an insulating medium. SF6 gas is a highly effective insulator, but it can also pose environmental hazards if it leaks. Therefore, it is important to monitor the SF6 gas pressure and density in GIS to ensure that it is not leaking.

In North America, the adoption of GIS monitoring systems is expected to rise due to increasing investments in grid modernization and renewable energy integration. Utilities across the region are prioritizing advanced monitoring technologies to improve operational efficiency and comply with stringent environmental regulations regarding SF6 gas emissions.Additionally, growing demand for reliable power infrastructure in urban areas, along with the replacement of aging grid components, is driving the need for GIS monitoring solutions in North America.

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The partial discharge monitoring segment, by services segment, is expected to grow at the second fastest CAGR during the forecast period.

This report segments the switchgear monitoring system market based on services into partial discharge monitoring, gas monitoring, temperature monitoring, and others. Partial discharge within switchgear poses a significant risk as it can lead to insulation breakdown, resulting in critical issues like electrical arcing and equipment failure. The implementation of partial discharge monitoring not only enhances operator safety but also instills confidence in the reliability and safety of electrical equipment.

In North America, the demand for partial discharge monitoring systems is expected to rise due to the region’s focus on grid modernization, increasing adoption of smart grid technologies, and stringent regulatory standards for electrical safety. Utilities and industrial operators are investing in predictive maintenance solutions to minimize downtime and optimize the lifespan of switchgear assets. Additionally, with aging power infrastructure in the US and Canada, there is a growing need for advanced monitoring solutions to prevent equipment failures and ensure uninterrupted power supply.

Software is expected to be the fastest segment, by component in the switchgear monitoring system market.

This report segments the switchgear monitoring system market based on component into Hardware and software. The pivotal role of hardware in establishing a robust switchgear monitoring platform cannot be overstated. Hardware devices play a crucial role in overseeing, measuring, transmitting, and analyzing data across various sectors, including process and non-process industries, utilities, the commercial sector, and beyond. The continuous innovation in hardware solutions is expected to further enhance the reliability, intelligence, and adaptability of these systems across a wide range of industrial and commercial applications.

In North America, the rapid adoption of software-driven switchgear monitoring solutions is being fueled by the increasing need for real-time data analytics, predictive maintenance, and grid reliability enhancements. With utilities and industrial sectors shifting towards digitalization, cloud-based monitoring platforms and AI-powered analytics are gaining traction to optimize asset performance and reduce operational risks. Furthermore, the integration of software with IoT-enabled switchgear is driving the demand for advanced monitoring systems, particularly in the US and Canada, where smart grid initiatives and regulatory compliance measures are accelerating the transition to intelligent switchgear solutions.

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North America is expected to be the second fastest region in the switchgear monitoring system market.

The US government has set a target to reduce carbon pollution from the power sector by 32% below the 2005 levels by 2030. To achieve this, utilities in the US and Canada plan to replace and upgrade aging power infrastructure, improving reliability and power generation capacity. According to the DOE, power blackouts are costing USD 150 billion per year in North America. Most of the power infrastructure, which is unreliable, poses a threat to national security. These factors positively push the North American power distribution sector, creating growth opportunities for the switchgear monitoring system markets.

Key Players

Some of the major players in the Switchgear Monitoring System market are ABB (Switzerland), Siemens Energy (Germany), Schneider Electric (France), General Electric (US), and Eaton (Ireland).

Portable Power Station Market: Promising Solution to Off Grid Power Supply

 The global portable power station market is projected to reach USD 1.12 billion by 2028 from an estimated USD 0.48 billion in 2023, at a CAGR of 18.4% during the forecast period. Portable power stations are portable and compact devices that function as independent power sources. Their purpose is to store electrical energy obtained from diverse sources such as solar panels, wall outlets, or car chargers, and subsequently utilize this energy to supply power to electronic devices and appliances. The growing demand for market backup power for portable power stations is increasing as a result of reliable, rising outdoor recreational activities and increasing use of renewable energy sources. Recurring electrical outage about the need for severe weather conditions, an aging power grid, and requirement for emergency preparations has increased the demand for portable, off-grid energy solutions.

In North America, the market is growing rapidly as a result of increasing consumer demand for green power solutions, rising natural disasters and renewable energy infrastructure for heavy investment in the infrastructure. The increasing popularity of electric vehicles and their integration along with solar power systems also demand fuel. The government also plays an important role in expanding the market towards encouragement and stability by the government towards clean energy.

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The 200–400 Wh, by capacity, is expected to grow at the highest CAGR during the forecast period.

The 200–400 Wh, by capacity, is expected to grow at the highest CAGR during the forecast period.  Based on capacity, the potable power station market has been split into 0−100 Wh, 100−200 Wh, 200−400 Wh, and 400−1,000 Wh, 1,000−1,500 Wh, and 1,500 Wh and above. Portable power stations with a capacity of 200–400 Wh are specifically designed to supply power to both small and medium-sized devices. Stations with capacity of 200−400 Wh find applications in residential power, commercial power, and outdoor environments. In residential power settings, they serve as reliable backup power sources for essential household appliances and communication devices. Similarly, in commercial power scenarios, they are utilized for charging laptops, tablets, and various other communication devices. The technologies employed in these portable power stations within the 200 Wh to 400 Wh capacity range encompass both lithium-ion and sealed lead-acid options, offering users a range of choices to meet their specific power needs.

The hybrid power segment, by power source, is expected to be the largest segment during the forecast period.

The hybrid power segment, by power source, is expected to be the largest segment during the forecast period.This report segments the portable power station market based on power source into two segments: hybrid power, and direct power. The hybrid power segment is expected to be the largest segment during the forecast period. The market for hybrid power is being driven by the growing emphasis on renewable energy and the reduced dependency on fossil fuels. Solar power, with its ability to be utilized in off-grid locations where direct power access is limited or non-existent, is favored for its key advantage. Portable power stations used for camping and recreational vehicle purposes are typically charged using solar energy.

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North America is expected to be the largest region in the portable power station market 

North America is expected to be the largest region in the portable power station market  North America is expected to be the largest portable power station market during the forecast period. The growth of the portable power station market in the North America region, which includes the US, Canada, and Mexico, is attributed to several factors. These include the rise in outdoor activities such as camping and recreational activities, the implementation of strict regulations regarding emission control, and the increasing inclination towards smart grid devices. The camping sector in North America, as highlighted by the World Tourism Council and Kampgrounds of America, Inc. (KOA), is characterized by its high diversity. It is observed that half of the new campers are from non-white groups, with a growing number of Asian, Hispanic, and African American outdoor enthusiasts adopting the camping lifestyle. The popularity of camping and recreational activities has been consistently increasing, as reported by The North American Camping Report, with a notable growth trend across the US. Private campgrounds in countries like the US and Canada are actively preparing for this surge in camping demand by expanding their park sites and introducing new and unique camping offerings. These include the addition of comfortable RV patio sites, glamping tents, and full-service cabins. Furthermore, the future production of lithium-ion batteries can benefit from the abundant lithium deposits found in the US.

The Key players in the Portable Power Station Market are Goal Zero (US), Jackery (US), Duracell (US), EcoFlow (US), Anker Innovations (US), and Lion Energy (US). These companies have a strong diversified product portfolio and a strong global presence.