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Air Insulated Switchgear Market Size, Share, Price | Industry Report 2022
Air Insulated Switchgear
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• “The air insulated switchgear market is projected to grow at a CAGR of 4.68% from 2017 to 2022”
The air insulated switchgear market is projected to reach USD 8.41 billion by 2022, growing at a CAGR of 4.68% from 2017 to 2022. Air insulated switchgear are relatively cost effective, are pollution free, and have simple construction. Increasing investments in T&D infrastructure, increasing electricity demand, and low capital investment of air insulated switchgear are expected to drive the air insulated switchgear market. The availability of alternative such as gas insulated switchgear is likely to hinder market growth of air insulated switchgear.
• “The 3 kV–36 kV segment is expected to grow at the highest CAGR from 2017 to 2022”
Based on voltage range of air insulated switchgear, the 3 kV–36 kV segment is estimated to be the fastest growing market from 2017 to 2022. These air insulated switchgear are used in a wide range of applications such as power generation, manufacturing and processing, infrastructure and transportation, and power distribution sector. The growth in 3 kV–36 kV segment is driven by increasing power generation capacity and infrastructural developments.
• “The transmission & distribution segment is expected to dominate the air insulated switchgear market from 2017 to 2022”
Based on application of air insulated switchgear, the transmission & distribution segment is expected to dominate the air insulated switchgear market from 2017 to 2022. The growth in demand for the reliable delivery of electric power has led to an increase in investment in the transmission & distribution infrastructure, thereby resulting in demand for substations and projects regarding AIS installations. Increasing expenditure in electrical networks and increasing focus on renewable power generation are expected to drive the air insulated switchgear market in transmission & distribution segment.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
• By Company Type: Tier 1- 57%, Tier 2- 14%, Tier 3- 29%
• By Designation: C-Level- 14%, D-Level- 14%, Others- 72%
• By Region: Asia-Pacific-43%, North America- 14%, Europe-14%, Rest of the World- 29%
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Key points from table of content:
Company Profiles :
(Overview, Products & Services, Strategies & Insights, Developments)*
• ABB, Ltd.
• Schneider Electric
• Siemens AG
• General Electric Company
• Eaton Corporation, PLC.
• Larsen & Toubro Limited
• Toshiba Corporation
• Crompton Greaves, Ltd.
• Elatec Power Distribution GmbH
• Epe Power Switchgear Sdn. BHD.
• Efacec Power Solutions
• Alfanar Group
• Ormazabal
• Zpeu, PLC.
• Tavrida Electric AG
• C&S Electric Limited
• Lucy Electric
• Tepco Group
• Arteche
• Nissin Electric Co., Ltd.
• Köhl S.Á R.L.
• Medelec
• Matelec Group
• Pars Tableau
• Wenzhou Rockwell Transformer Co., Ltd.
Scope of the Report:
• By Voltage Range
The air insulated switchgear market has been segmented based on voltage rangeinto3 kV–36 kV and >36 kV.
• By Installation
The air insulated switchgear market has been segmented based on installation into indoor and outdoor.
• By Application
The air insulated switchgear market has been segmented based on application into transmission & distribution, manufacturing & processing, infrastructure & transportation, and others. Others include oil & gas, mining, and marine.
• By Region:
The global air insulated switchgear market is analyzed with respect to six regions, namely, Asia-Pacific, Europe, North America, the Middle East, South America, and Africa.
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