Air Insulated Switchgear Market 2022 Trends, Opportunities, Report to 2030
Market Scope
Air Insulated Switchgear Market share is expected to exceed USD 351 Billion with a CAGR of 4.5% Forecast by 2030. Air insulated switchgear is a secondary power distribution device which redistributes the power of a primary power distribution device. Any extra units can be added to the equipment via a simple extension. The global air insulated switchgear market report by Market Research Future (MRFR) looks at the changing requirements of industries and adaptive designs of medium-voltage switchgears for the period of 2017 to 2023 (forecast period). The COVID-19 pandemic and the impact on the industry are noted in the latest report.
Segmentation
The global air insulated switchgear market has been segmented on the basis of voltage, installation, and end-user.
Based on voltage, the market is classified into up to 36 kV and > 36 kV. Up to 36 kV is estimated to hold the largest share owing to their application in medium voltage secondary distribution.
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Based on installation, the market is divided into indoor and outdoor. Among these, indoor segment is expected to dominate the market as these switchgears require low maintenance and are modular in design.
The air insulated switchgear market by end-user is segmented into infrastructure & transportation, transmission & distribution, manufacturing & processing, and others. Transmission & distribution segment is expected to dominate the global air insulated switchgear market due to rising investments in electrical networks globally.
Regional Analysis
Geographically, the market is segmented into Asia Pacific (APAC), North America, Europe, the Middle East & Africa (MEA), and South America.
Asia Pacific is expected to hold the largest share during the forecast period due to increasing electrical expenditure infrastructure and growing renewable sector in the region. China and India are the key countries driving air insulated switchgear market in the Asia-Pacific region due to rising transmission & distribution investments. Asia-Pacific is expected to grow at fastest rate during the forecast period owing to new power generation capacity additions in the Southeast Asian countries such as Indonesia, Malaysia, Philippines, Thailand, and so on in the region.
Competitive Outlook
Eaton Corporation, PLC, C&S Electric, Siemens AG, ABB Ltd., Toshiba Corporation, TEPCO Group, Crompton Greaves, Ltd., Ormazabal, Larsen & Toubro Limited, Schneider Electric SE, General Electric Company, Alfanar Group, and Lucy Electric are key players of the global air insulated switchgear market.
Industry Updates:
Mar 2020 Tranos, Nigeria’s foremost engineering and manufacturing firm, has associated with Siemens for the production of metal-enclosed switchgear in Nigeria. This teamwork combines Tranos’ world-class sheet metal designing and production competency with Siemens’ high quality and ground-breaking power distribution modules. The air-insulated switchgear can be perfectly pooled with SION vacuum circuit breakers and is type-tested for interior installation in compliance with IEC 62271-200.
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