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Air Insulated Switchgear Market (Voltage - Up to 36 kV, and >36 kV; Installation - Indoor, and Outdoor; application - Transmission and Distribution, and Manufacturing and Processing): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : March, 2022

  • Rep Id : ICT003074

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on air insulated switchgear market provides in-depth analysis of segments and sub-segments in the global as well as regional air insulated switchgear market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional air insulated switchgear market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global air insulated switchgear market. According to the report, the global air insulated switchgear market is projected to grow at a CAGR of 4% over the forecast period of 2021-2027.

 

Market Insight

The global air insulated switchgear market was valued at USD 7605 million in 2021 and is expected to reach USD 9639 million in 2027, with a CAGR of 4% during the forecast period. An air insulated switchgear is known as compact metal encapsulated switchgear consisting of high-voltage components like an electrical disconnect switch, fuse, gate breaker, which is utilized to safeguard, control, and isolate electrical equipment. It uses air because the primary dielectric is from phase-to-phase and phase-to-ground insulation. An air insulated switchgear is widely used and is directly linked to the reliability of the electrical supply. Air insulated switchgear (AIS) is equipment that uses air as an insulation medium. The air insulated switchgear is a smaller amount costly compared to gas insulated switchgear. But it requires more room and more maintenance compared to gas insulated switchgear. AIS doesn't require specific cable termination as normal cable termination is used. AIS is used for both indoor and outdoor applications. The air insulated switchgear includes live electric circuit breakers, dead circuit breakers, disconnectors, and so on. Transmission & distribution is the major application of air insulated switchgear. Rising electricity demand is predicted to drive the global market.

 

The key drivers of the worldwide air insulated switchgear market are growing due to transmission & distribution investments, low capital investment, and increasing power generation capacity additions. An increase in demand for air insulated switchgear because of their extensive usage in areas where space, weather, and environmental conditions don't seem to be a difficulty, like rural areas, is anticipated to be a key factor driving the air insulated switchgear market during the forecast period. A rise in production of air insulated switchgear because of their low manufacturing cost and simple maintenance are projected to propel the air insulated switchgear market during the forecast period. Air insulated switchgear offers several benefits like reliability, pollution-free working, simple construction, and adaptability of the region. This is often likely to produce lucrative opportunities for the air insulated switchgear market. Whereas, gas insulated switchgear are often used as alternatives to air insulated switchgear, because the latter is probably going to need more maintenance, thus resulting in high cost. This is often expected to hamper the air insulated switchgear market.

 

In terms of geography, the air insulated switchgear market is often segmented into North America, Europe, Asia Pacific, geographical area & Africa, geographical region, and also the remainder of the globe (ROW). The Asia Pacific accounts for a serious share of the worldwide air insulated switchgear market, because of the high adoption rate, increase in power generation capacity, and infrastructural developments, especially in China, India, Malaysia, and Thailand. The air insulated switchgear market in Europe, especially in Germany, France, Italy, and the U.K., is additionally expected to expand because of rapid expansion in industrialization and therefore the growing renewable energy production sector. The air insulated switchgear market is additionally expected to expand in North America because of the upgrade of existing infrastructure.


Air Insulated Switchgear Market

 

Segment Covered

The report on global air insulated switchgear market covers segments such as voltage, installation, and application. On the basis of voltage, the sub-markets include up to 36 kV, and >36 kV. On the basis of installation, the sub-markets include indoor, and outdoor. On the basis of application, the sub-markets include transmission and distribution, and manufacturing and processing.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Schneider Electric, General Electric, Crompton Greaves, Ltd., Eaton Corporation, Emerson Electric, Siemens, SOCOMEC Group, Russelectric, ABB Ltd, and Generac Power Systems.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of air insulated switchgear market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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