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Writer's pictureKomal Boudhh

Global Air Insulated Switchgear Market: 2021 Analysis Report, Future Plans

Air Insulated Switchgear Market

Air insulated switchgear is a secondary power distribution device which redistributes the power of a primary power distribution device. Any extra units can be added to the equipment via a simple extension. The global air insulated switchgear market report by Market Research Future (MRFR) looks at the changing requirements of industries and adaptive designs of medium-voltage switchgears for the period of 2017 to 2023 (forecast period). The COVID-19 pandemic and the impact on the industry are noted in the latest report.

Market Scope

The global air insulated switchgear market is expected to expand at ~4.5% CAGR during the forecast period.


Regional Analysis

Geographically, the market is segmented into Asia Pacific (APAC), North America, Europe, the Middle East & Africa (MEA), and South America. Asia Pacific is expected to hold the largest share during the forecast period due to increasing electrical expenditure infrastructure and growing renewable sector in the region. China and India are the key countries driving air insulated switchgear market in the Asia-Pacific region due to rising transmission & distribution investments. Asia-Pacific is expected to grow at fastest rate during the forecast period owing to new power generation capacity additions in the Southeast Asian countries such as Indonesia, Malaysia, Philippines, Thailand, and so on in the region.

Segmentation

The global air insulated switchgear market size has been segmented on the basis of voltage, installation, and end-user.

Based on voltage, the market is classified into up to 36 kV and > 36 kV. Up to 36 kV is estimated to hold the largest share owing to their application in medium voltage secondary distribution.

Based on installation, the market is divided into indoor and outdoor. Among these, indoor segment is expected to dominate the market as these switchgears require low maintenance and are modular in design.

The air insulated switchgear market by end-user is segmented into infrastructure & transportation, transmission & distribution, manufacturing & processing, and others. Transmission & distribution segment is expected to dominate the global air insulated switchgear market due to rising investments in electrical networks globally.

Competitive Outlook

Eaton Corporation, PLC, C&S Electric, Siemens AG, ABB Ltd., Toshiba Corporation, TEPCO Group, Crompton Greaves, Ltd., Ormazabal, Larsen & Toubro Limited, Schneider Electric SE, General Electric Company, Alfanar Group, and Lucy Electric are key players of the global air insulated switchgear market.

About Market Research Future:

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.

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