25 September 2020
Visiongain has launched a new report Air Insulated Switchgear Market Report: Forecasts by Voltage Level (Low Voltage, Medium Voltage, and High Voltage), End-user (Power Utilities, Industrial, Commercial, Residential), by Region and Analysis of Leading Companies.
The global increase in capacity to generate renewable energy is driving the air-insulated switchgear market. The implementation of renewable energy generation methods is the preferred measure by various nations, because it eliminates global warming and other environmental challenges. In addition, many countries can now accommodate on-shore wind and solar energy, which drives power generation using renewable sources. The renewable power generation includes a transmission and distribution part such as air insulated switchgear, which could act as a circuit and breaker.
Air-insulated switchgear (AIS) uses air as the insulating medium and plays a crucial role in regulating and shielding equipment for the power grid. The demand for electricity in the developed countries has continued to remain higher due to continuous improvements in lighting efficiency, refrigerators and motors etc. Therefore, over the forecast period, the rising demand for electricity in developing countries is expected to drive the market. In addition, the electricity transmission and distribution system are expected to experience dramatic growth due to the rising global electrification rate, which, in turn , is expected to boost demand for AIS during the forecast period.
As these switchgears are commonly used in power distribution stations and compact substations in load centers, the power utility segment is likely to experience significant demand for the air-insulated switchgear market. Growing investments in the renewable sector and outdated power infrastructure are expected to give the market lucrative opportunities.
Asia-Pacific is expected to dominate the market, with the major demand coming from countries like India and China. Several countries in the region have inadequate power distribution networks. The problem of lack of T&D networks is concentrated primarily in the remote and rural areas. The countries in the region are investing heavily in the construction of transmission line networks to electrify those regions. The expansion of these networks, during the forecast period, is expected to witness a significant substantial growth. Since much of this expansion is expected to occur in rural areas, utility companies are likely to choose AIS over GIS because they are a cheaper choice because due to lower land costs in these regions.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to firstname.lastname@example.org or call her on +44 (0) 20 7549 9987.
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
The global Coal Power Decommissioning market was valued at US$15,866 million in 2023 and is projected to grow at a CAGR of 7.6% during the forecast period 2023-2033.
05 December 2023
The global Offshore Wind Power market is expected to surpass US$46 billion in 2023 and is projected to reach a market value of US$113.58 billion by 2034.
04 December 2023
The global Oil & Gas Subsea Umbilical, Risers & Flowlines (SURF) market was valued at US$9,500.0 million in 2023 and is projected to grow at a CAGR of 7.7% during the forecast period 2024-2034.
24 November 2023
The global Waste to Energy (WtE) market is projected to grow at a CAGR of 11.9% by 2034 market was CAPEX at US$21,840 million in 2023 and is projected to grow at a CAGR of 11.9% during the forecast period 2024-2034.