Global Air Insulated Switchgear Market: Global Industry Analysis and Forecast (2019-2027)
Global Air Insulated Switchgear Market was valued US$ 6.2 Bn in 2019 and is expected to reach 8.8 Bn by 2027, at a CAGR of 4.47 % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Global Air Insulated Switchgear Market Dynamics
Air insulated switchgear is an equipment, which usages air as an insulation medium. They help to enhance the reliability of electricity supply.
With the environmental concerns, many countries across the globe have imposed policies and regulations to reduce the usage of hydrocarbons for electricity generation which is expected to drive the growth the global air-insulated switchgear market. Considerable investment by developing countries towards electrifying rural areas and rising expansion of existing networks have increased the growth of the global air-insulated switchgear market. Additionally, the increasing need for robust and highly reliable electric networks in numerous industry verticals has boosted the growth of the market.
On the other hand, the availability of substitute like gas insulated switchgear is limiting the growth of global air-insulated switchgear market. In gas insulated switchgear, the entire system is sealed and filled with sulphur hexafluoride, which acts as the insulating medium in switchgear. The entire system is compact and can be installed indoor.
Global Air Insulated Switchgear Market Segment Analysis
The indoor segment is projected to dominate the global air-insulated switchgear market. The dominant position in the market is attributed to its features like low maintenance and modular design, which makes air-insulated switchgear ideal for indoor installation.
Based on the voltage range segment, the demand for the Up to 36 kV switchgear is increasing owing to its wide usage in the application of medium voltage secondary distribution. Furthermore, The 3 kV–36 kV air-insulated switchgear are extensively used in the application area like power generation, infrastructure & transportation, manufacturing & processing, and distribution sector. This type of air-insulated switchgear is used for power transmission over long distances.
Global Air Insulated Switchgear Market Regional insights
The Asia Pacific market is expected to grow at the XX % rate of CAGR during the forecast period. Rapid industrialization and advancement in the renewable sector in the regions results in augmented demand for air-insulated switchgear. Growing expenditure in transmission & distribution networks and the presence of the manufacturing sector in the region is expected to boost the growth in the global market.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments and, project the global air insulated switchgear market. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
Global Air Insulated Switchgear Market, Key Highlights:
• Global Air Insulated Switchgear Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Air Insulated Switchgear Market
• Global Air Insulated Switchgear Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Air Insulated Switchgear Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Air Insulated Switchgear Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Air Insulated Switchgear Market are also profiled.
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Scope of the Report for Global Air Insulated Switchgear Market
Global Air Insulated Switchgear Market, by Voltage Range
• 3 kV–36 kV
• >36 kV
Global Air Insulated Switchgear Market, by Installation
• Indoor
• Outdoor
Global Air Insulated Switchgear Market, by Application
• Transmission & Distribution
• Manufacturing and Processing
• Infrastructure and Transportation
• Others
Global Air Insulated Switchgear Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Global Air Insulated Switchgear Market Key Players
• ABB (Switzerland),
• Siemens AG (Germany),
• Schneider Electric SE (France),
• General Electric Company (U.S.),
• Eaton Corporation PLC (Ireland).
• Alfanar Group
• Lasen & Turbo limited
• Eaton Corporation PLC,
• Lucy Electric Ltd,
• TBEA India,
• Yokogawa Electric Corporation,
• SwitchGear Company nv, and
• EPE Switchgear (M) Sdn. Bhd.
• General Electric Company
• Tavrida Electric AG• Mitsubishi Electric Corporation
• Unisun Electric Co. Ltd.
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