Air Insulated Switchgear Market and Revenue Analysis Insights by Latest Trends, Top Key Players, Future Growth, Revenue and Demand Forecast 2022

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.

The air insulated switchgear market is projected to reach USD 8.41 billion by 2022, growing at a CAGR of 4.68% from 2017 to 2022. Air insulated switchgear are relatively cost effective, are pollution free, and have simple construction. Increasing investments in T&D infrastructure, increasing electricity demand, and low capital investment of air insulated switchgear are expected to drive the air insulated switchgear market. The availability of alternative such as gas insulated switchgear is likely to hinder market growth of air insulated switchgear.

“The 3 kV–36 kV segment is expected to grow at the highest CAGR from 2017 to 2022”
Based on voltage range of air insulated switchgear, the 3 kV–36 kV segment is estimated to be the fastest growing market from 2017 to 2022. These air insulated switchgear are used in a wide range of applications such as power generation, manufacturing and processing, infrastructure and transportation, and power distribution sector. The growth in 3 kV–36 kV segment is driven by increasing power generation capacity and infrastructural developments.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Air Insulated Switchgear Market and Revenue Analysis Insights by Latest Trends, Top Key Players, Future Growth, Revenue and Demand Forecast 2022

“The transmission & distribution segment is expected to dominate the air insulated switchgear market from 2017 to 2022”
Based on application of air insulated switchgear, the transmission & distribution segment is expected to dominate the air insulated switchgear market from 2017 to 2022. The growth in demand for the reliable delivery of electric power has led to an increase in investment in the transmission & distribution infrastructure, thereby resulting in demand for substations and projects regarding AIS installations. Increasing expenditure in electrical networks and increasing focus on renewable power generation are expected to drive the air insulated switchgear market in transmission & distribution segment.

“Asia-Pacific: The largest market for air insulated switchgear”
Asia-Pacific is currently the largest market for air insulated switchgear, followed by Europe and North America. The Asia-Pacific market is driven by increasing T&D investments and rising power generation capacity in the region. The market in the Asia-Pacific region is projected to grow at the fastest rate, with China expected to dominate the market. Also, the countries such as India, Malaysia, Indonesia, and Thailand are expected to drive the air insulated switchgear in Asia-Pacific region.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 57%, Tier 2- 14%, Tier 3- 29%
By Designation: C-Level- 14%, D-Level- 14%, Others- 72%
By Region: Asia-Pacific- 43%, North America- 14%, Europe- 14%, Rest of the World- 29%

Scope of the Report:
 By Voltage Range
The air insulated switchgear market has been segmented based on voltage range into 3 kV–36 kV and >36 kV.

 By Installation
The air insulated switchgear market has been segmented based on installation into indoor and outdoor.

 By Application
The air insulated switchgear market has been segmented based on application into transmission & distribution, manufacturing & processing, infrastructure & transportation, and others. Others include oil & gas, mining, and marine.

 By Region
The global air insulated switchgear market is analyzed with respect to six regions, namely, Asia-Pacific, Europe, North America, the Middle East, South America, and Africa.

Why buy this report?
1. The report identifies and addresses key markets for air insulated switchgear, which would help suppliers review the growth in the demand for the product.
2. The report helps solution providers understand the pulse of the market, and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better, and will help in making strategic decisions.

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 14
1.3.1 AIR INSULATED SWITCHGEAR MARKET: MARKET SEGMENTATION 15
1.3.2 REGIONAL SCOPE 16
1.3.3 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 17

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