Air Insulated Switchgear Market Report 2020-2030
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
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 global increase in capacity to generate renewable energy is driving the air-insulated switchgear market.
The major market driving factors include the rising demand for electricity in developing countries. The market is witnessing exponential growth as demand for electricity in the developed countries has continued to remain higher owing to continuous improvements in lighting efficiency, refrigerators and motors etc. The global air-insulated switchgear (AIS) market is further driven by the dramatic growth of electricity transmission and distribution systems due to the rising global electrification rate.
The global AIS market is hindered by the availability of alternatives such as gas insulated switchgear which require much lesser space than AIS. However, the global increase in capacity to generate renewable energy is driving the air-insulated switchgear market. Growing investments in the renewable sector and outdated power infrastructure are expected to give the market lucrative opportunities.
Market Segmentation 2020-2030:
The Air Insulated Switchgear Market is segmented on Voltage Level, End User, and Regional basis.
• Low Voltage
• Medium Voltage
• High Voltage
• Power Utilities
Focused regional forecasts and analysis explore the future opportunities:
• North America
Major Market Players
• Siemens AG
• ABB Ltd.
• General Electric Company
• Schneider Electric
• Eaton Corporation PLC
• Lucy Electric Ltd
• TBEA India
• Yokogawa Electric Corporation
• SwitchGear Company nv
• EPE Switchgear (M) Sdn. Bhd.
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