Air Insulated Switchgears Market Financial Status over Forecast Period 2018 to 2026
Rockville, MD -- (SBWire) -- 04/16/2019 --Air insulated switchgear market to register moderate single digit growth between 2018 and 2028
With the surge in demand for electrical power, the power companies worldwide have been striving to make power available wherever and whenever it is needed. This has augmented the demand for air insulated switchgears globally. Besides controlling the power flow, air insulated switchgears also ensures that system failures remain limited to a defined area which guarantees overall network stability. This has further kept the global demand for air insulated switchgears aloft. Asia-Pacific with its large population and thus, higher power demand is the largest market for air insulated switchgears. Besides, North America and Europe are the other two important markets for air insulated switchgears.
Transmission and distribution continues to be the largest end user for air insulated switchgears
The key end users of air insulated switchgears include companies in the business including transmission and distribution, manufacturing and processing, infrastructure and transportation. Marine is one of the sectors where the demand for air insulated switchgears have been gaining prominence. ABB has been focusing on marine sector with its UniGear air insulated switchgears. The demand for UniGear with its reduced weight and differentiating feature of being used in shore connection solutions has been gaining traction. The demand for air insulated switchgears have been highest from transmission and distribution end-user industry. Based on voltage range, the air insulated switchgear market is segmented into 3kV-36kV and greater than 36kV. The 3kV-36kV segment of air insulated switchgears has been generating the highest demand and growing at the highest pace. In terms of installation, the indoor installation of air insulated switchgears has been predominant, while the other installation type being outdoor installation.
The selection of indoor or outdoor installation of air insulated switchgears depends on the voltage rating and local environmental conditions. Generally, the indoor installation of air insulated switchgears are preferred for voltages up to 33kV, while the outdoor installation of air insulated switchgears are preferred for voltages of 33kV and above.
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Asia-Pacific to be the most attractive market for air insulated switchgear
Asia-Pacific has not only been the largest market for air insulated switchgears but demand in this region is also growing at the highest pace. The growing need for alternative energy such as renewable power has led to a constant surge in the demand of air insulated switchgears. The US$ 110 Bn infrastructure investment of Japan is anticipated to create voluminous demand for air insulated switchgears in the country.
Safety – a key concern for air insulated switchgears manufacturers
The manufacturers of air insulated switchgears are focusing to highlight the safety features of their air insulated switchgear offerings. Compartmentalized air insulated switchgears are the preferred choice among the consumers due to higher safety profile. The independence of air insulated switchgears from extreme environments including dust and pollution is another key area being focused by the manufacturers. Protection against accidental contact when the breaker is isolated or withdrawn has been emerging as the need of the hour for air insulated switchgear end users.
Large number of air insulated switchgear manufacturers- tough competition ahead
There are a few industries that use air insulated switchgears, though the number of its providers is large. This has instilled a high degree of competition in the air insulated switchgears market. While the Tier 1 players in the air insulated switchgears market include ABB, Siemens, Schneider Electric, General Electric Company, and Eaton Corporation, Tier 2 players include Larsen & Toubro, Toshiba, Crompton Greaves, Elatec Power Distribution etc. Besides, there are several other international and regional players, who are intensifying the market competition. The Tier 1 players have a defined set of customers who prefer products from them only, largely due to their high brand image. The Tier 2 and Tier 3 players on the other hand mostly target smaller companies with flexible or lower budget.
The research report on air insulated switchgears presents a comprehensive assessment of the air insulated switchgears market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report in air insulated switchgears provides analysis and information according to market segments such as geographies, voltage range, installation, and end-user.
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The Air Insulated Switchgears market report covers exhaustive analysis on:
Supply & Demand
Competition & Companies involved
Regional analysis for Air Insulated Switchgears includes:
North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
CIS and Russia
Asia-Pacific (China, India, ASEAN, South Korea)
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The air insulated switchgears market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The air insulated switchgears report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The air insulated switchgears market report also maps the qualitative impact of various market factors on market segments and geographies.
Air Insulated Switchgears Report Highlights:
Detailed overview of parent market
Changing market dynamics in the air insulated switchgears industry
In-depth market segmentation
Historical, current and projected market size of air insulated switchgears in terms of volume and value
Recent industry trends and developments
Strategies of key air insulated switchgears players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for air insulated switchgears market players to sustain and enhance their market footprint
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