A secondary power distribution device that redistributes the power from a primary power distribution device is air insulated switchgear. The equipment may easily be extended to accommodate any additional units.
The medium-voltage switchgears' adaptive designs and shifting industry demands are examined in the Market Research Future (MRFR) research on the worldwide air insulated switchgear market for the years 2023 to 2030. (forecast period). The most recent report mentions the COVID-19 epidemic and its effects on the sector.
Market Scope
The global air insulated switchgear market is expected to expand at ~4.5% CAGR during the forecast period.
Segmentation
The global air insulated switchgear market 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.
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 size 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.
Competitive Outlook
Eaton Corporation, PLC, CS 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.
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