Himanshu Patni: Air Insulated Switchgear Market - Industry Size, Share, Growth & Forecast 2027

The Global Air Insulated Switchgear Market is experiencing significant growth due to the increased demand for building automation systems, rising global demand for energy-efficient electrical products and increase in urban population and rise in industrialization activities are the key factors complementing the Air Insulated Switchgears market. In addition, rising investments in power transmission and distribution networks coupled with the growing augmentation and modernization of transmission and distribution networks across the globe, are expected to drive the market. For instance, to meet the demand of China’s cities and industrial zones for electricity, the State Grid Corporation of China (SGCC) is building 12 electricity transmission lines linking the coal production and hydropower centers for a project valued at US$ 33.7 billion. According to China’s state grid company, the line can transmit up to 12 gigawatts, which is enough to power 50 million Chinese households.

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According to UnivDatos Market Insights (UMI)’ research report “Air Insulated Switchgear Market”, the market is expected to witness a CAGR growth of around 5% during the forecast period 2021-2027F. Increasing expenditure in electrical networks and low capital investment of switchgear are major factors driving the market. In addition, power utilities are focusing on substations and switchgear technologies that require less space and have a lower outage due to an increased emphasis on conserving and ensuring an uninterrupted power supply. Thus, creating demand for advanced air insulated switchgear. Moreover, the surging consumption of electricity in developing countries is escalating the adoption of smart grids coupled with the increasing need to upgrade existing infrastructure has positively influenced the market growth.

Based on voltage level, the market is bifurcated into Low Voltage, Medium Voltage, and High Voltage. Among these, the high voltage category is to witness the fastest growth during the forecast period owing to the expansion of power transmission and distribution (T&D) infrastructure to achieve high rates of electricity access in both developing and underdeveloped nations.

Based on end-user, the market is categorized into Power Utilities, Industrial, and Commercial and Residential. In 2020, the Power utilitIes category accounted for the majority share in the market. The growth of the category is mainly due to the growing regulations towards energy efficiency, up-gradation & modernization of aging infrastructure for safe & secure electrical distribution systems, and increasing rate of industrialization and urbanization.

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Asia-Pacific Dominated the Market in 2020

For a better understanding of the market adoption of Air Insulated Switchgear, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. The Asia Pacific constitutes the largest market for the industry. Countries such as China and India are among the major countries considered as the main manufacturing hub for switchgear. Increasing electricity generation and consumption, along with the changing power generation industry dynamics, are expected to be the major drivers for the T&D network growth, which, in turn, is expected to drive the air insulated switchgear market, during the forecast period. Furthermore, growing investments in the renewable energy sector and the aging power infrastructure are expected to offer huge business opportunities for the market players in the coming years.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Air Insulated Switchgear market are ABB Ltd., Siemens AG, Schneider Electric SE, Larsen & Toubro Limited, Alfanar Group, Eaton Corporation PLC, Wenzhou Unisun Electric Co. Ltd., Mitsubishi Electric Corporation, Elatec Power Distribution GmbH, and Tavrida Electric.

§ In In August 2021, Schneider Electric launched GenieEvo Connected, a comprehensive, reliable switchgear range with unparalleled connectivity for asset health monitoring. GenieEvo connected, setting a new standard for primary air-insulated switchgear completely with 24/7 cloud-based service for efficient maintenance.

“Air Insulated Switchgear Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1. By Voltage Level (Low Voltage, Medium Voltage, and High Voltage)

2. By End-User (Power Utilities, Industrial, and Commercial and Residential)

3. By Region (North America, Europe, Asia-Pacific, Rest of World)

4. By Company (ABB Ltd., Siemens AG, Schneider Electric SE, Larsen & Toubro Limited, Alfanar Group, Eaton Corporation PLC, Wenzhou Unisun Electric Co. Ltd., Mitsubishi Electric Corporation, Elatec Power Distribution GmbH, and Tavrida Electric)

Key questions answered in the study:

1. What are the current and future trends of the Air Insulated Switchgear industry?

2. How the industry has been evolving in terms of voltage level and end-user segment?

3. How the competition has been shaping across the countries followed by their comparative factorial indexing?

4. What are the key growth drivers and challenges for the Air Insulated Switchgear industry?

5. What are the customer orientation, purchase behavior, and expectations from the Air Insulated Switchgear product suppliers across various countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 AIR INSULATED SWITCHGEAR MARKET COVID-19 IMPACT

6 AIR INSULATED SWITCHGEAR MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY VOLTAGE LEVEL

8 MARKET INSIGHTS BY END-USER

9 MARKET INSIGHTS BY REGION

10 AIR INSULATED SWITCHGEAR MARKET DYNAMICS

11 AIR INSULATED SWITCHGEAR MARKET OPPORTUNITIES