Air Insulated Switchgear (AIS) Market Size, Share, and Analysis, By Installation (Outdoor AIS and Indoor AIS), By Voltage (High Voltage, Medium Voltage, and Low Voltage), By Application (Manufacturing & Processing, Commercial, Residential, and Transmissio

Air Insulated Switchgear (AIS) Market Size, Share, and Analysis, By Installation (Outdoor AIS and Indoor AIS), By Voltage (High Voltage, Medium Voltage, and Low Voltage), By Application (Manufacturing & Processing, Commercial, Residential, and Transmission & distribution), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Air Insulated Switchgear Market is projected to exhibit a Compound Annual Growth Rate (CAGR) of 6.3% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 25.7 billion and is projected to reach USD 50.3 billion by the completion of 2034.

Switchgear is an electrical device, which is used to disconnect and safeguard electrical equipment in power systems. Air-insulated switchgear (AIS) is a type that uses air as the main insulating material to isolate and protect the equipment. Additionally, air helps shield the equipment from short circuits and high voltage, along with removing heat that is regularly produced by the equipment. Moreover, switchgear consists of several parts like circuit breakers, disconnect switches, protective relays, and grounding switches which are important to safeguard the equipment from potential power failures. Besides, they are made using materials such as steel, aluminum, and polymers, which provide a strong structure to support power systems.

MARKET HIGHLIGHTS

Air Insulated Switchgear Market is expected to reach USD 50.3 billion during the forecast period, owing to the growing need for dependable power distribution systems in different industries. Air-insulated switchgear is preferred for power transmission and distribution due to its benefits like low maintenance needs and cost-effectiveness. Additionally, rising investments in upgrading old power infrastructure and the need for electricity in developing countries are responsible for boosting the adoption of air-insulated switchgear. Moreover, the integration of digital monitoring and control systems has improved the productivity of air-insulated switchgear through technological innovations. Furthermore, manufacturers are constantly creating eco-friendly and smart switchgear solutions to meet the demands of the power industry.

Air-Insulated Switchgear Market Segments:

• By Installation
• Outdoor AIS
• Indoor AIS
• By Voltage
• High Voltage
• Medium Voltage
• Low Voltage
• By Application
• Manufacturing & Processing
• Commercial
• Residential
• Transmission & Distribution

MARKET DYNAMICS

Growth Drivers

Rise in Industrialization and Urbanization Will Aid the Growth of the Market

Economic and Environment-Friendly Will Act as a Catalyst for the Market

Restraint

Requirement of Space can Limit the Growth of the Air Insulated Switchgear Market

Key Players

• ABB Ltd
• Eaton Corporation
• General Electric Company
• Siemens AG
• Larsen & Toubro Limited
• Toshiba Corporation
• Schneider Electric
• Alfanar Group
• Lucy Electric Ltd.
• Hitachi ABB Power Grids
• Mitsubishi Electric Corporation
• Hyosung Corporation
• Chint Group
• NEMA
• Hyundai Electric & Engineering Co., Ltd.
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

*Please Note: The report will be delivered in 2-3 business days upon order confirmation*