Press release
Air Insulated Switchgear Market Trends, Active Key Players, and Growth Projection Up to 2030
Air insulated switchgear is a compact metal encapsulated switchgear consisting of high-voltage components, such as a fuse, or circuit breaker, and an electrical disconnect switch, which is used to isolate, protect, and control electrical equipment. The major raw materials used for manufacturing air insulated switchgear include aluminum, steel, resins, and insulating materials.Air insulated switchgear(AIS) adopts the air as the insulation media designed voltage ranging from 11KV to 36KV medium voltage power distribution system. It plays controlling and protecting role in the power system. The major circuit components of the air-insulated switchgear are built in the gas-filled compartment.
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COVID-19 impact analysis
China is a major supplier both for the final product as well as the raw material used in the electronics industry. Therefore, the emergence of COVID-19 has disrupted supply side in China, thereby leaving an adverse effect on the electronics industry. As a result, India's electronics industry fears supply disruptions, production reduction, and the spree to dependence on imports. Thus, owing to the lockdown implemented across various countries, national and international transport has been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply-demand gap. Coronavirus has led to declining in the sale of top electronic companies and smartphone makers, which have major supplies to India. All these barriers hinder the growth of the air-insulated switchgear market.
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Air insulated switchgear (AIS) has low manufacturing costs and is easy to maintain, due to which there is an increase in production, thereby boosting the air insulated switchgear market during the forecast period. An increase in demand for air insulated switchgear due to their widespread usage in areas where space, environmental conditions, and weather 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.
Air insulated switchgears provide various benefits such as pollution-free working, the flexibility of region, ease of construction, and reliability. These benefits provide lucrative opportunities for the expansion of the global air insulated switchgear market.
However, the growth of air insulated switchgear market can be hindered due to the availability of alternatives such as gas-insulated switchgear. In this, the entire system is completely sealed and filled with sulfur hexafluoride, which acts as the insulating medium. As a result, the entire system is compact and can be installed indoors or even underground. In AIS, air acts as an insulating medium, thereby requiring large space, thus restraining the growth of the market.
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Market Key Segments:
By Voltage Range
• 3 kV-36 kV
• >36 kV
By Installation
• Indoor
• Outdoor
By Industry Vertical
• Transmission & Distribution
• Manufacturing & Processing
• Infrastructure & Transportation
• Others
By Reigon
• North America
• Europe
• Germany
• Asia-Pacific
• Latin America
• the Middle East
• Africa
Key Market Players: ABB, Siemens AG, Schneider Electric SE, General Electric Company, Eaton Corporation PLC, Lucy Electric Ltd., TBEA India, Yokogawa Electric Corporation, SwitchGear Company NV
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Key benefits of the report
• This study presents the analytical depiction of the global air insulated switchgear market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global air insulated switchgear market share.
• The current market is quantitatively analyzed to highlight the global Air Insulated Switchgear market growth scenario.
• Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global market analysis depending on competitive intensity and how the competition will take shape in coming years.
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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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