Pad-mounted Switchgear Market Predicted To Grow At 9% By 2024 | Leading Players: ABB, General Electric, Schneider Electric SE, Siemens AG, Eaton Corporation, PLC, and Larsen & Toubro Limited

The Global Pad mounted switchgear market is projected to reach USD 9.01 billion by 2024 and is expected to grow at 10.2% CAGR from 2019 to 2024.

The pad mounted switchgear is used for undergroung electricity distribution systems. Air insulation and gas insualtion are the primarily used types of pad mounted switchgear. Such switchgears are used for feeder sectionalizing, load switching, utility distribution, fault interruption, and circuit protection applications, which makes them, a preffered solution in industrial and commercial applications.

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Furthermore, the pad mounted switchgear are tamper-resistant and highly reliable. Due to such advantages, the demand for pad mounted switchgear tends to increase during the forecast period.

The growing demand for pad mounted switchgear is attributed to the industrialization, especially in developing countries, such as China and India. Pad mounted switchgear are deployed primarily by the end users for safe and reliable supply of electricity for underground systems. Moreover, factors such as tamper-resistant construction and deployment in non-premium lands are likely to drive the pad mounted switchgear market. Asia-Pacific is expected to witness a high growth in pad mounted switchgears with the growing power generation capacity additions.

Industry Segmentation:

Pad-mounted switchgear market has been segmented on the basis of type, voltage, and end-use.

On the basis of type, the market is segmented as air insulated, gas insulated, and others.

On the basis of voltage, the market is segmented as up to 15 kV, 16 kV-25 kV, and above 25 kV.

The Pad-mounted switchgear market on the basis of end-use, is segmented as industrial, commercial, and residential.

Leading Players:

The key players of the global pad mounted switchgear market are ABB Ltd. (Switzerland), Schneider Electric SE (France), General Electric (US), Siemens AG (Germany), Larsen & Toubro Limited (India), Eaton Corporation, PLC (Ireland),G&W Electric (US), Toshiba Corporation (Japan), Federal Pacific (US), Crompton Greaves, Ltd. (India), C&S Electric (India), Ormazabal (Brazil), TEPCO Group (Japan), Lucy Electric (UK), and Alfanar Group (Saudi Arabia).

Scope of the Report

This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global pad mounted switchgear market, including high-growth regions and/or countries, and political and economic environments.

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Table Of Contents

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope Of The Study

2.3 Market Structure

3 Research Methodology

3.1 Primary Research

3.2 Secondary Research

3.3 Market Size Estimation

3.4 Forecast Model

3.5 List Of Assumptions

3.6 Limitations Of The Study

4 Market Insights

5 Market Dynamics

5.1 Introduction

5.2 Market Drivers

5.3 Market Restraints

5.4 Market Opportunities

5.5 Value Chain/Supply Chain Analysis

5.6 Porter’s Five Forces Analysis

Continued…..

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