Global Air Insulated Switchgear Market 2024-2028
The air insulated switchgear market is forecasted to grow by USD 25881.8 mn during 2023-2028, accelerating at a CAGR of 8.09% during the forecast period. The report on the air insulated switchgear market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing renewable power generation, increasing global power demand, and increasing application of air insulated switchgear in industrial settings.
Technavio's air insulated switchgear market is segmented as below:
By Power Rating
- Low voltage
- Medium voltage
- High voltage
By Deployment
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the growth of smart electricity grid infrastructure as one of the prime reasons driving the air insulated switchgear market growth during the next few years. Also, growing construction activities globally and modernization of existing transformers will lead to sizable demand in the market.
The report on the air insulated switchgear market covers the following areas:
- Air insulated switchgear market sizing
- Air insulated switchgear market forecast
- Air insulated switchgear market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading air insulated switchgear market vendors that include ABB Ltd., alfanar Group, C and S Electric Ltd., CG Power and Industrial Solutions Ltd., Eaton Corp. Plc, ELATEC POWER DISTRIBUTION GmbH, EPE Switchgear M Sdn. Bhd., General Electric Co., Larsen and Toubro Ltd., Lucy Group Ltd., Mitsubishi Electric Corp., Schneider Electric SE, Siemens AG, Sumitomo Electric Industries Ltd., Tavrida Electric GmbH, Tokyo Electric Power Co. Holdings Inc., Toshiba Corp., UNISUN ELECTRIC, VELATIA S.L, and ZPUE S.A.. Also, the air insulated switchgear market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.