Press release
Pad-Mounted Switchgear Market worth $7.1 Billion by 2028
The global Pad-Mounted Switchgear Market is projected to reach USD 7.1 billion in 2028 from USD 5.6 billion in 2023 at a CAGR of 5.1% according to a new report by MarketsandMarkets™. Pad-mounted switchgear systems provide easy access to cable connections and operating apparatus, while vault switchgear can be wall- or floor-mounted for underground installations with flexibility to the direction of incoming underground cable connections. Many countries adopt advanced underground distribution solutions to achieve highly reliable and safe power transmission.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=139636225
Browse in-depth TOC on "Pad-Mounted Switchgear Market"
175 - Tables
46 - Figures
218 - Pages
IEEE standards are estimated to be the fastest growing market.
Based on the end user segment of pad-mounted switchgear systems, the telecom & IT sector is estimated to be the fastest and largest growing market from 2020 to 2027. The IEEE C37.20.7 standard is for arc-resistant switchgear systems. This standard is categorized as Type 2B and Type 2C. The IEEE C37.20.7 defines Type 2B equipment as those in which arc events do not cause any holes in the freely accessible front, sides, and rear of the enclosure or the walls isolating the low-voltage control or instrument compartment. Alternatively, Type 2C testing specifies that arcing does not cause holes in the freely accessible front, sides, and rear of the enclosure or in the walls separating the compartment in which the arc is initiated from all adjacent compartments.
Commercial segment is expected to result in the segment occupying the least market share of the pad-mounted switchgear.
The commercial segment accounted for a share of 26.9% of the pad-mounted switchgear market in 2022. The commercial sector includes shopping malls, hotels, hospitals, data centers, government buildings, and airports. Uninterrupted delivery of power is very important in all commercial places. Any disruption or breakdown due to electrical accidents, such as short circuits or overloading, may damage substations or transmission lines, leading to huge losses due to increased non-productive time. The demand for pad-mounted switchgear systems in the commercial sector can be attributed to the increasing infrastructural developments and rising commercial construction projects. Pad-mounted switchgear systems are used in underground distribution systems to prevent blackouts due to natural calamities or emergencies, such as earthquakes and fires.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=139636225
Europe likely to emerge as the largest Pad-Mounted Switchgear Market
Europe accounted for a 34.1% share with a market size worth USD 1,814 million in 2022. The European pad-mounted switchgear market, by country, has been segmented into the UK, Germany, France, Italy, and Rest of Europe. On July 14, 2021, the European Commission proposed the first part of its Fit for 55 package, aimed at reducing the EU2's carbon emissions by 55% by 2030 compared to 1990 levels. This target paves the way for achieving climate neutrality in the EU by 2050 by increasing renewable energy consumption. The European power generation, transmission, and distribution systems are comparatively mature. Therefore, the EU emphasizes upgrading its aging infrastructure, integrating renewable energy sources such as solar and wind power, and building interconnections to enable more efficient power and energy trading. This would also require the replacement of the pad-mounted switchgear systems. According to the European Commission, expanding, replacing, and refurbishing the power grid to integrate renewable energy production necessary for reaching the 55% emission reduction target by 2030 would require annual investments of more than USD 61 billion. This presents a lucrative opportunity for the growth of the pad-mounted switchgear market in the region. ABB (Switzerland), and Eaton (Ireland), are the key players in the European Pad-Mounted Switchgear Market.
Key Market Players:
The overall key players in the Pad-Mounted Switchgear Market are Eaton (Ireland), Hubbell (US), ABB (Switzerland), G&W Electric (US), S&C Electric (US), Powell (US), Federal Pacific (US), Entec Electric & Electronic (South Korea), NOJA Power (Australia), TIEPCO (Saudi Arabia), Ghorit Electricals (China), Ningbo Tianan Group (China), Trayer Switchgear (US), KDM Steel (China), Switchgear Power Systems (US), Park Detroit and Park Electric (US), Beijing Kylin Power & Technology (China), Telawne Power Equipments Pvt. Ltd. (India), Ormazabal (Brazil), and Actom (Boksburg).
Content Source: https://www.marketsandmarkets.com/PressReleases/pad-mounted-switchgear.asp
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com
About MarketsandMarkets™:
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Pad-Mounted Switchgear Market worth $7.1 Billion by 2028 here
News-ID: 3006955 • Views: …
More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…

With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…

Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…

Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for Switchgear
Switchgear and Switchboard Apparatus Global Market: Expanding Partnerships and D …
Projected Market Size and Growth of the Global Switchgear and Switchboard Apparatus Market by 2025?
• The switchgear and switchboard apparatus market size grew from $179.97 billion in 2024 to $190.44 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.8%.
• The market is expected to surge to a value of $228.43 billion in 2029, growing at a CAGR of 4.7% during this five-year period.
• The market's growth has…
Switchgear: Working, Characters, and Classification
Electrical switchgear is used in both high and low-voltage power transformers and is connected to electrical supply networks. Its goal is to de-energize the system so that maintenance and repairs may be made to fix the problems.
Every time a power system flaw, such as a short circuit, a large number of current flows via electric setup, destroying the structure and disrupting supply to the consumers. The best possible electrical protection…
Global Medium Switchgear Market | Global Medium Switchgear Industry | Medium Swi …
Medium voltage switchgear market comprises of sales of medium voltage switchgear & related services that manufacture the medium voltage switchgear which are electrical switchgear rated between 2KV and 36KV. Medium voltage switchgear is a combination of electrical switches, fuses/circuit breakers used to function, secure and separate electrical equipment. It is used for providing protection to different electric motor control systems that installed in different end user segments.
According to study,…
Switchgear Market in India 2011
Market Research Report Store offers a latest published report on Switchgear Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Switchgear players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Switchgear with respect to individual growth trends, future…
Medium Voltage Switchgear Market
Attributable to the nearness of worldwide and provincial merchants, this market is divided. They sellers in the market are contending based particle the cost, item offering and dispatch of new item in the market. The expansive firms in the market are having significant offer because of variables, for example, item plan, quality, turnaround time, administrations offered, highlights of the item, and upkeep of client connections. Major organizations in the worldwide…
Global Low Voltage Switchgear Market 2017 : BARTEC, LUCY Switchgear, FEAG, Kohl, …
Low Voltage Switchgear
A market study based on the " Low Voltage Switchgear Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Low Voltage Switchgear Market 2017’. The research report analyses the historical as well as present performance of the worldwide Low Voltage Switchgear industry, and makes predictions on the future status of Low Voltage Switchgear market on the basis of this analysis.
Get Free…