— Air Insulated Switchgear Marketto rise at 4.5% CAGR and reach USD 8.73 Billion during 2019 and 2022 due to rising transmission & distribution investments, rising power generation capacity additions, and low capital investment. Global T&D investment is expected to reach USD 351 billion per year by 2026 due to rising energy demand, new power generation capacity additions, according to Global Air Insulated Switchgear Market 2019 Industry Report published by "Market Research Future".
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The key players in the global Air Insulated Switchgear market include:
ABB Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation, PLC (Ireland), Siemens AG (Germany), General Electric Company (U.S.), Larsen & Toubro Limited (India), Toshiba Corporation (Japan), Crompton Greaves, Ltd. (India), Ormazabal (Brazil), C&S Electric (India), Lucy Electric (UK), TEPCO Group (Japan), and Alfanar Group (Saudi Arabia).
Air insulated switchgear (AIS) is an equipment which uses air as an insulation medium. The air insulated switchgear is less costly compared to gas insulated switchgear. But it requires more space and more maintenance compared to gas insulated switchgear. AIS does not require specific cable termination as normal cable termination can be used. AIS can be used for both indoor and outdoor applications. The air insulated switchgear includes live tank circuit breakers, dead tank circuit breakers, disconnectors, and so on. Transmission & distribution is the major application of air insulated switchgear.
Due to environmental concerns, various rules have been imposed to reduce the use of hydrocarbons in electricity generation. Furthermore, the global trend of a shift towards renewable energy sources has also been a boon for the global air insulated switchgear market. Substantial investment by developing countries towards electrifying rural areas and the expansion of existing networks has boosted the growth of the market. Rising electricity demand is expected to drive the global air insulated switchgear market.
Moreover, the augmenting need for robust and highly reliable electric networks in various industry verticals has fuelled the growth of the market. Lower initial level capital investment acts a plus for the market growth. The market has been growing in rural areas, and developing countries where there is availability of land as air insulated switchgear requires considerable space. Stringent regulations by government and other administrative bodies aimed at safeguarding the environment is also a market driver.
However, the threat from alternatives is likely to restrain the growth of the global air insulated switchgear market over the forecast period.
Market Segments Analysis:
insulated switchgear market has been segmented on the basis of voltage, installation, and end-user. Based on voltage, the market is classified into up to 36 kV and > 36 kV. Up to 36 kV is estimated to hold the largest share owing to their application in medium voltage secondary distribution. Based on installation, the market is classified into indoor and outdoor. Among these, indoor segment is expected to dominate the market as these switchgears require low maintenance and are modular in design. The air insulated switchgear market by end-user into transmission & distribution, manufacturing & processing, infrastructure & transportation, and others. Transmission & distribution segment is expected to dominate the global air insulated switchgear market due to rising investments in electrical networks globally.
The global air insulated switchgear market spans across the regions of North America, Europe, Asia Pacific, and the Rest of the World (RoW). Asia Pacific is at the forefront of the global air insulated switchgear market followed by Europe. Rapid industrialization and growth of the renewable sector in Asia Pacific regions result in increased demand for air insulated switchgear market. The Asia Pacific market is expected to grow at the fastest rate over the forecast period. Europe is another strong market for air insulated switchgear and is expected to exhibit positive growth due to up gradation of existing infrastructure.
Latest Industry News:
In May 2018, Siemens Pakistan launched a new production line for the company's latest technology in air-insulated switchgear. The launch of the new production line will provide an impetus to local manufacturing which will be located at Karachi.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 RESEARCH OBJECTIVES
2.2.2 ASSUMPTIONS & LIMITATIONS
2.3 MARKETS STRUCTURE
3 MARKET RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
3.4 FORECAST MODEL
4 MARKET LANDSCAPE
4.1 FIVE FORCES ANALYSIS
4.1.1 THREAT OF NEW ENTRANTS
4.1.2 BARGAINING POWER OF BUYERS
4.1.3 BARGAINING POWER OF SUPPLIERS
4.1.4 THREAT OF SUBSTITUTES
4.1.5 SEGMENT RIVALRY
4.2 VALUE CHAIN/SUPPLY CHAIN OF GLOBAL AIR INSULATED SWITCHGEAR MARKET
5 INDUSTRY OVERVIEW OF GLOBAL AIR INSULATED SWITCHGEAR MARKET
5.2 GROWTH DRIVERS
5.3 IMPACT ANALYSIS
5.4 MARKET CHALLENGES
LIST OF TABLES:
TABLE 1 GLOBAL AIR INSULATED SWITCHGEAR MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA AIR INSULATED SWITCHGEAR MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE AIR INSULATED SWITCHGEAR MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC AIR INSULATED SWITCHGEAR MARKET: BY COUNTRY, 2017-2023
TABLE 5 MIDDLE EAST & AFRICA AIR INSULATED SWITCHGEAR MARKET: BY COUNTRY, 2017-2023
TABLE 6 LATIN AMERICA AIR INSULATED SWITCHGEAR MARKET: BY COUNTRY, 2017-2023
LIST OF FIGURES:
FIGURE 1 GLOBAL AIR INSULATED SWITCHGEAR MARKET SEGMENTATIONFIGURE 2 FORECAST METHODOLOGY
FIGURE 3 FIVE FORCES ANALYSIS OF GLOBAL AIR INSULATED SWITCHGEAR MARKET
FIGURE 4 VALUE CHAIN OF GLOBAL AIR INSULATED SWITCHGEAR MARKET
FIGURE 5 SHARE OF GLOBAL AIR INSULATED SWITCHGEAR MARKET IN 2017, BY COUNTRY (IN %)
FIGURE 6 GLOBAL AIR INSULATED SWITCHGEAR MARKET, 2017-2023,
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