Press release
Air Insulated Switchgear Market Size and Key Trends in Terms Of Volume and Value - Forecast to 2025
The main objective of this report is to define, describe, and forecast the global “Air Insulated Switchgear” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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An air insulated switchgear is a compact metal encapsulated switchgear consisting of high-voltage components such as an electrical disconnect switch, fuse, or circuit breaker, which is used to protect, control, and isolate electrical equipment. It uses air as the primary dielectric from phase-to-phase and phase-to-ground insulation. An air insulated switchgear is widely used and is directly linked to the reliability of electric supply.
Rise in demand for air insulated switchgears due to their extensive usage in areas where space, weather conditions, and environmental conditions are not an issue, such as rural areas, is expected to be a key factor driving the air insulated switchgear market during the forecast period. Increase in production of air insulated switchgears due to their low manufacturing cost and ease of maintenance are also projected to boost the air insulated switchgear market during the forecast period. Air insulated switchgears offer several benefits such as reliability, pollution free working, ease of construction, and flexibility of region. This is likely to provide lucrative opportunities to the air insulated switchgear market. Gas insulated switchgears can be used as alternatives to air insulated switchgears, as the latter are likely to require more maintenance, thus leading to high cost. This is expected to hamper the air insulated switchgear market.
The Air insulated switchgear market can be segmented based on voltage range, installation, application, and region. Based on voltage range, the air insulated switchgear market can be segregated into 3kV-36kV and >36kV. The 3kV-36kV segment accounts for a major share of the market, as compared to the >36kV segment. 3kV-36kV voltage range air insulated switchgears are mostly utilized for applications such as power generation, infrastructure, transportation, manufacturing, and processing.
In terms of installation, the air insulated switchgear market can be segmented into indoor and outdoor. The indoor segment is used widely in home application and vehicle and holds a major share of the market, as compared to the outdoor segment and is expected to drive the air insulated switch gear market. Rise in expenditure on electrical network and increasing focus on renewable power generation are expected to propel the air insulated switch gear market during the forecast period.
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Based on application, the air insulated switchgear market can be divided into transmission and distribution, manufacturing and processing, and infrastructure and transportation. The transmission and distribution segment dominates the air insulated switchgear market due to the increase in demand for reliable delivery of electric power. This, in turn, fuels the demand for project and substations of air insulated switchgear installation. Transmission and distribution segment is then followed by the infrastructure and transportation segment and the manufacturing and processing segment.
In terms of geography, the air insulated switchgear market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, Latin America, and Rest of the World (ROW). Asia Pacific accounts for a major share of the global air insulated switchgear market, due to the high adoption rate, increase in power generation capacity, and infrastructural developments, especially in China, India, Malaysia, and Thailand. The air insulated switchgear market in Europe, especially in Germany, France, Italy, and the U.K., is also expected to expand due to rapid expansion in industrialization and growing renewable energy production sector. The air insulated switchgear market is also expected to expand in North America due to the upgrade of existing infrastructure.
Key players operating in the air insulated switch gear market include Siemens AG, ABB Ltd., General Electric Company, Schneider Electric, Eaton Corporation PLC, Lucy Electric Ltd, TBEA India, Yokogawa Electric Corporation, SwitchGear Company nv, and EPE Switchgear (M) Sdn. Bhd.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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