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Air Insulated Switchgear (AIS) Market Size, Share, and Analysis, By Installation (Outdoor AIS and Indoor AIS), By Voltage (High Voltage, Medium Voltage, and Low Voltage), By Application (Manufacturing & Processing, Commercial, Residential, and Transmissio

Publisher Fatpos Global
Published Nov 01, 2024
Length 432 Pages
SKU # FAGL19607284

Description

Air Insulated Switchgear (AIS) Market Size, Share, and Analysis, By Installation (Outdoor AIS and Indoor AIS), By Voltage (High Voltage, Medium Voltage, and Low Voltage), By Application (Manufacturing & Processing, Commercial, Residential, and Transmission & distribution), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Air Insulated Switchgear Market is projected to exhibit a Compound Annual Growth Rate (CAGR) of 6.3% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 25.7 billion and is projected to reach USD 50.3 billion by the completion of 2034.

Switchgear is an electrical device, which is used to disconnect and safeguard electrical equipment in power systems. Air-insulated switchgear (AIS) is a type that uses air as the main insulating material to isolate and protect the equipment. Additionally, air helps shield the equipment from short circuits and high voltage, along with removing heat that is regularly produced by the equipment. Moreover, switchgear consists of several parts like circuit breakers, disconnect switches, protective relays, and grounding switches which are important to safeguard the equipment from potential power failures. Besides, they are made using materials such as steel, aluminum, and polymers, which provide a strong structure to support power systems.

MARKET HIGHLIGHTS

Air Insulated Switchgear Market is expected to reach USD 50.3 billion during the forecast period, owing to the growing need for dependable power distribution systems in different industries. Air-insulated switchgear is preferred for power transmission and distribution due to its benefits like low maintenance needs and cost-effectiveness. Additionally, rising investments in upgrading old power infrastructure and the need for electricity in developing countries are responsible for boosting the adoption of air-insulated switchgear. Moreover, the integration of digital monitoring and control systems has improved the productivity of air-insulated switchgear through technological innovations. Furthermore, manufacturers are constantly creating eco-friendly and smart switchgear solutions to meet the demands of the power industry.

Air-Insulated Switchgear Market Segments:
  • By Installation
  • Outdoor AIS
  • Indoor AIS
  • By Voltage
  • High Voltage
  • Medium Voltage
  • Low Voltage
  • By Application
  • Manufacturing & Processing
  • Commercial
  • Residential
  • Transmission & Distribution
MARKET DYNAMICS

Growth Drivers

Rise in Industrialization and Urbanization Will Aid the Growth of the Market

Economic and Environment-Friendly Will Act as a Catalyst for the Market

Restraint

Requirement of Space can Limit the Growth of the Air Insulated Switchgear Market

Key Players
  • ABB Ltd
  • Eaton Corporation
  • General Electric Company
  • Siemens AG
  • Larsen & Toubro Limited
  • Toshiba Corporation
  • Schneider Electric
  • Alfanar Group
  • Lucy Electric Ltd.
  • Hitachi ABB Power Grids
  • Mitsubishi Electric Corporation
  • Hyosung Corporation
  • Chint Group
  • NEMA
  • Hyundai Electric & Engineering Co., Ltd.
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 3-month post-sales analyst support.
*Please Note: The report will be delivered in 2-3 business days upon order confirmation*

Table of Contents

432 Pages
1 Executive Summary
1.1. Regional Market Share
1.2 Business Trends
1.3. Air Insulated Switchgear Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1 Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4 Primary Research
2.5 Secondary Research
2.5.1 Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1 Market Definition
3.2 Air Insulated Switchgear Market: COVID-19 Impact
3.3. Key Segmentations
3.4 Key Developments
3.5 Allied Industry Data
4 Air Insulated Switchgear Market – Industry Insights
4.1. Industry Segmentation
4.2 COVID-19 overview of world economy
4.3 Industry Ecosystem Channel Analysis
4.4 Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7. Market Dynamics
7.1 Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4 Market Restraints
7.5. Market Trends
8 Risk Analysis
9. Market Analysis
9.1 Porter's Five Forces
9.2. PEST Analysis
9.2.1 Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10 Air Insulated Switchgear Market
10.1 Overview
10.2. Historical Analysis (2018-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. Air Insulated Switchgear Market Size & Forecast 202 A-203 F
11.1. Overview
11.2 Key Findings
11.3 Market Segmentation
11.3.1 By Installation
11.3.1.1. Outdoor AIS
11.3.1.1.1 By Value (USD Million) 202 A-203 F
11.3.1.1.2. Market Share (%) 202 A-203 F
11.3.1.1.3. Y-o-Y Growth (%) 202 A-203 F
11.3.1.2 Indoor AIS
11.3.1.2.1. By Value (USD Million) 202 A-203 F
11.3.1.2.2 Market Share (%) 202 A-203 F
11.3.1.2.3 Y-o-Y Growth (%) 202 A-203 F
11.3.2. By Voltage
11.3.2.1 High Voltage
11.3.2.1.1. By Value (USD Million) 202 A-203 F
11.3.2.1.2 Market Share (%) 202 A-203 F
11.3.2.1.3 Y-o-Y Growth (%) 202 A-203 F
11.3.2.2. Medium Voltage
11.3.2.2.1 By Value (USD Million) 202 A-203 F
11.3.2.2.2. Market Share (%) 202 A-203 F
11.3.2.2.3. Y-o-Y Growth (%) 202 A-203 F
11.3.2.3. Low Voltage
11.3.2.3.1 By Value (USD Million) 202 A-203 F
11.3.2.3.2. Market Share (%) 202 A-203 F
11.3.2.3.3. Y-o-Y Growth (%) 202 A-203 F
11.3.3 By Application
11.3.3.1 Manufacturing & Processing
11.3.3.1.1. By Value (USD Million) 202 A-203 F
11.3.3.1.2 Market Share (%) 202 A-203 F
11.3.3.1.3 Y-o-Y Growth (%) 202 A-203 F
11.3.3.2. Commercial
11.3.3.2.1 By Value (USD Million) 202 A-203 F
11.3.3.2.2. Market Share (%) 202 A-203 F
11.3.3.2.3. Y-o-Y Growth (%) 202 A-203 F
11.3.3.3. Residential
11.3.3.3.1 By Value (USD Million) 202 A-203 F
11.3.3.3.2. Market Share (%) 202 A-203 F
11.3.3.3.3. Y-o-Y Growth (%) 202 A-203 F
11.3.3.4. Transmission & distribution
11.3.3.4.1 By Value (USD Million) 202 A-203 F
11.3.3.4.2. Market Share (%) 202 A-203 F
11.3.3.4.3. Y-o-Y Growth (%) 202 A-203 F
12 North America Air Insulated Switchgear Market Size & Forecast 202 A-203 F
12.1 Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1 By Installation
12.3.2. By Voltage
12.3.3. By Application
12.4. Country
12.4.1. United States
12.4.2. Canada
13 Europe Air Insulated Switchgear Market Size & Forecast 202 A-203 F
13.1 Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1 By Installation
13.3.2. By Voltage
13.3.3. By Application
13.4 Country
13.4.1 Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14 Asia-Pacific Air Insulated Switchgear Market Size & Forecast 202 A-203 F
14.1. Overview
14.2. Key Findings
14.3 Market Segmentation
14.3.1 By Installation
14.3.2. By Voltage
14.3.3. By Application
14.4. Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4 Japan
14.4.5 Rest of APAC
15 Middle East and Africa Air Insulated Switchgear Market Size & Forecast 202 A-203 F
15.1 Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1 By Installation
15.3.2. By Voltage
15.3.3. By Application
15.4 Country
15.4.1 Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4 South Africa
15.4.5. Rest of Middle East and Africa
16. Latin America Air Insulated Switchgear Market Size & Forecast 202 A-203 F
16.1 Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1 By Installation
16.3.2. By Voltage
16.3.3. By Application
16.4 Country
16.4.1 Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. Competitive Landscape
17.1 Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1. ABB Ltd.
18.1.1 Company Overview
18.1.2 Financial Overview
18.1.3 Key Product; Analysis
18.1.4 Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2 Key Clients
18.1.4.3 Market Share
18.1.4.4 Recent News & Development (Last 3 Yrs.)
18.2. Eaton Corporation
18.3. General Electric Company
18.4. Siemens AG
18.5. Larsen & Toubro Limited
18.6. Toshiba Corporation
18.7. Schneider Electric Corporation
18.8. Hyosung Corporation
18.9. Chint Group
18.10 Alfanar Group
18.11 Lucy Electric Ltd.
18.12. Hitachi ABB power Grids
18.13. Mitsubishi Electric Corporation
18.14 NEMA
18.15 Hyundai Electric & Engineering Co., Ltd.
18.16. Other Prominent Players
19. Appendix
20 Consultant Recommendation

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