Global Pad-Mounted Switchgear Market to Reach $11.2 Billion by 2030
The global market for Pad-Mounted Switchgear estimated at US$5.9 Billion in the year 2022, is projected to reach a revised size of US$11.2 Billion by 2030, growing at a CAGR of 8.3% over the analysis period 2022-2030. IEC, one of the segments analyzed in the report, is projected to record 9.1% CAGR and reach US$6.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the IEEE segment is readjusted to a revised 7.7% CAGR for the next 8-year period.The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 13% CAGR
The Pad-Mounted Switchgear market in the U.S. is estimated at US$1.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.6 Billion by the year 2030 trailing a CAGR of 13% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5% and 6.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR.Select Competitors (Total 23 Featured) -
- ABB
- AZZ
- Eaton
- EEIC
- ENTEC
- Federal Pacific
- G&W Electric
- Hubbell
- KDM Steel
- Powell
- S&C Electric
- Scott Engineering
- Switchgear Power Systems, LLC
- TIEPCO
- Trayer
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
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB
- AZZ
- Eaton
- EEIC
- ENTEC
- Federal Pacific
- G&W Electric
- Hubbell
- KDM Steel
- Powell
- S&C Electric
- Scott Engineering
- Switchgear Power Systems, LLC
- TIEPCO
- Trayer
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 84 |
Published | May 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 5.9 Billion |
Forecasted Market Value ( USD | $ 11.2 Billion |
Compound Annual Growth Rate | 8.3% |
Regions Covered | Global |