The switchgear refers to the combination of electrical disconnect switches, circuit breakers, or switches primarily used for control, protection and isolation of electrical equipment. It is used for de-energizing equipment for testing, maintenance, fault-clearing purposes. Switchgear hence forms an integral part of the transmission and distribution system.
Some examples of switchgear include relays, indicating instruments, fuses, isolators and lightning arresters. Air insulated switchgear find use in data centers, mining, oil & gas, marine, as well as nuclear power applications.
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The air insulated switchgear market is anticipated to grow in the forecast period owing to significant developments in the field of renewable power generation and increasing investments in electrical networks. Moreover, expansion of transmission and distribution networks in remote and rural areas is further expected to boost the market growth. However, alternatives such as gas insulated switchgear are likely to hamper market growth. On the other hand, construction projects in developed countries showcase excellent growth opportunity for the key players operating in the air-insulated switchgear market during the forecast period.
The global air insulated switchgear market is segmented on the basis of voltage range, installation and application. Based on voltage range, the market is segmented as less than 3kV, 3 kV-36 kV and more than 36 kV. The market on the basis of the installation, is classified as indoor and outdoor. On the basis of the application the market is segmented as industrial, infrastructure and transportation, transmission & distribution and others.
Top Leading Market Players:
1. ABB Group
2. Bharat Heavy Electricals Limited
3. Eaton Corporation
4. EPE Switchgear (M) Sdn Bhd
5. Hyosung Group
6. Larsen and Toubro Limited
7. Mitsubishi Electric Corporation
8. Schneider Electric SE
9. Siemens AG
10. Toshiba International Corporation
The Air Insulated Switchgear Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.
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The Air Insulated Switchgear Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.