Reliable Data You Can Trust
Reliable Data You Can Trust
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.
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.
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.
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.
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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