Pad Mounted Switchgear Market to grow at over 9% CAGR from 2016 to 2023
In addition, increasing T&D (Transmission & distribution) utilities should also favor demand during the next few years. Some of the additional benefits offered include cross bus at the top of enclosure for ease of inspection and flexible modular design promotes life cycle support including field upgrades and repairs. In addition, these switchgears are available in mild steel, stainless steel or aluminum construction and are also easily replaceable.
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Growing trend for underground electrical lines developing countries is identified as the potential growth opportunity for the pad mounted switchgear market from 2016 to 2023. A number of countries are adopting these distribution networks as they offer less susceptible to lightning and also have low maintenance cost.
The industry can be segregated on the basis of product segments which include gas insulated, air insulated, solid insulated, and other switchgears. By voltage, the industry is segmented as 0-15 kV, 16-25 kV and above 25 kV. The industry is further segregated on the basis of application which includes commercial, industrial and residential. Commercial sector is the fastest growing application segment in 2014.
Increasing inclination for underground distribution should fuel growth over the forecast period. Enormous T&D network industrialization and expansion projects in this region are positively influencing the growth over the next few years. Increasing scope for pad mounted switchgear market in application sectors offers several benefits such as high dependable power for optimum, continuous and uninterrupted operations.
The region is currently focusing on replacement and up gradation of its aging infrastructure, converts overhead lines into underground wires and improving grid reliability. The above mentioned factors underground distribution equipment demand including switchgears.
Solid insulators are chiefly deployed for horizontal or vertical mounting, corrosive and wet environment, and are used in any desired altitude. In addition, epoxy is environmental friendly and inert, thus no EPA usage restrictions are implied making it easily suitable in the industry.
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Dominant manufacturers are focusing on adopting various methods and penetrate developing economies in order to hold the maximum industry share. Chief players for the pad mounted switchgear market share include Entec Electric & Electronic Co., Trayer Engineering Corporation, Tiepco, Power Grid Solution Inc, S&C Electric Company, Electronic & Electrical Industries Corporation, G&W Electric, Hubbel Incorporated, Eaton Corporation and Federal Pacific among others.
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