Quick Summary:
In this rapidly evolving and competitive landscape, understanding the drivers underpinning the Air Insulated Switchgear market growth is more crucial than ever, presenting a key opportunity to stay ahead. Our market research report provides an unparalleled depth of insight into the global Air Insulated Switchgear market, which is estimated at a notable US$6.6 Billion in 2022, with a forecasted reach of US$9 Billion by 2030.
This comprehensive report not only covers the growth prospects and key trends impacting the global market, but also offers insights into the performance and outlook of significant markets such as the U.S. and China. It provides a bird's eye view of the competitive landscape, enumerating select key players including ABB Ltd., Eaton Corporation, and Siemens AG amongst many others. Additionally, the report also unpacks emerging opportunities in markets such as Japan and Canada, making it an essential tool for strategic decision-making.
Global Air Insulated Switchgear Market to Reach $9 Billion by 2030
The global market for Air Insulated Switchgear estimated at US$6.6 Billion in the year 2022, is projected to reach a revised size of US$9 Billion by 2030, growing at a CAGR of 4% over the analysis period 2022-2030. 3-36 kV, one of the segments analyzed in the report, is projected to record 4.4% CAGR and reach US$5.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Above 36 kV segment is readjusted to a revised 3.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 6.8% CAGR
The Air Insulated Switchgear market in the U.S. is estimated at US$1.8 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2030 trailing a CAGR of 6.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 3.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.Select Competitors (Total 33 Featured) -
- ABB, Ltd.
- Alfanar Group
- Crompton Greaves, Ltd.
- Eaton Corporation, PLC
- Efacec Power Solutions
- Elatec Power Distribution GmbH
- Epe Power Switchgear Sdn. BHD.
- General Electric Company
- Larsen & Toubro Limited
- Ormazabal
- Schneider Electric
- Siemens AG
- Tavrida Electric AG
- Toshiba Corporation
- Zpeu, PLC
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Air Insulated Switchgear?
What is the growth rate of the Global Market for Air Insulated Switchgear?
What is the forecasted size of the Global Market for Air Insulated Switchgear?
Who are the key companies in the Global Market for Air Insulated Switchgear?
| Report Attribute | Details |
|---|---|
| No. of Pages | 89 |
| Published | November 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 6.6 Billion |
| Forecasted Market Value ( USD | $ 9 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- ABB, Ltd.
- Alfanar Group
- Crompton Greaves, Ltd.
- Eaton Corporation, PLC
- Efacec Power Solutions
- Elatec Power Distribution GmbH
- Epe Power Switchgear Sdn. BHD.
- General Electric Company
- Larsen & Toubro Limited
- Ormazabal
- Schneider Electric
- Siemens AG
- Tavrida Electric AG
- Toshiba Corporation
- Zpeu, PLC
