PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1388273
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1388273
Air Insulated Medium Voltage Switchgear Market Size - By Component, By End Use, Voltage, Application & Forecast, 2023 - 2032
Air insulated medium voltage switchgear market size is projected to expand at over 7.5% CAGR from 2023 to 2032 due to the heightened focus on reliable and secure power supply across numerous industries and the residential sector. The increasing demand for electricity worldwide is driving the expansion of power infrastructure and the higher integration of renewable energy sources, further fueling the demand for air insulated medium voltage switchgears.
The surging rate of urbanization and industrialization has also spurred the need for efficient power distribution. The rising technological advancements, including smart grid solutions and digitalization to enhance the functionality of air insulated switchgears will also favor the market growth. For instance, in September 2023, ABB launched UniGear ZS1, its latest air-insulated medium-voltage switchgear technology, with a 500 mm panel version with the aim to decarbonize and minimize emissions in existing industries.
The industry is segregated into voltage, component, insulation, end-use, application, and region.
Based on voltage, the air insulated medium voltage switchgear market from the >33 kV voltage segment is projected to witness substantial CAGR through 2032, driven by the increasing demand for reliable power distribution and expanding power infrastructure. The higher adoption of medium voltage switchgear in utility and industrial applications will add to the segment growth.
The fuse component segment is projected to accumulate sizeable revenue share through 2032, attributed to the rising emphasis on safety in power distribution, and the increasing awareness of overcurrent protection. The higher usage of fuse components to render enhanced reliability in medium voltage switchgear applications will also boost the segment growth.
In terms of end-use, the air insulated medium voltage switchgear industry value from power stations is projected to increase at significant CAGR through 2032. The growth can be attributed to the growing need for reliable and efficient power distribution in power generation facilities. The growing emphasis on upgrading and modernizing existing power station infrastructures will further aid the segment expansion.
Regionally, the Europe air insulated medium voltage switchgear industry is slated to witness appreciable CAGR through 2032, fueled by the increasing urbanization and expanding industrial activities. The growing focus on sustainable and efficient power distribution infrastructure along with the increase in government initiatives for supporting smart grid deployment will augment the regional market expansion.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid
- 1.4.2.2 Public
Chapter 2 Executive Summary
- 2.1 Air insulated medium voltage switchgear industry 360 degree synopsis, 2019 - 2032
- 2.1.1 Business trends
- 2.1.2 Voltage trends
- 2.1.3 Component trends
- 2.1.4 End use trends
- 2.1.5 Application trends
- 2.1.6 Regional trends
Chapter 3 Air Insulated Medium Voltage Switchgear Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Vendor matrix
- 3.2 Regulatory landscape
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
- 3.4 Growth potential analysis
- 3.5 Porter's Analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
- 3.6 PESTEL Analysis
Chapter 4 Competitive Benchmarking
- 4.1 Innovation & sustainability landscape
- 4.2 Competitive landscape, 2022
- 4.2.1 Strategic dashboard
Chapter 5 Air Insulated Medium Voltage Switchgear Market, By Voltage ('000 Units, USD Million)
- 5.1 Key voltage trends
- 5.2 ≥ 3 kV to < 9 kV
- 5.3 ≥ 9 kV to < 15 kV
- 5.4 ≥ 15 kV to < 21 kV
- 5.5 ≥ 21 kV to < 27 kV
- 5.6 ≥ 27 kV to < 33 kV
- 5.7 ≥ 33 kV
Chapter 6 Air Insulated Medium Voltage Switchgear Market, By Component ('000 Units, USD Million)
- 6.1 Key component trends
- 6.2 Circuit Breakers
- 6.3 Contactors
- 6.4 Switches & Disconnector
- 6.5 Fuses
- 6.6 Others
Chapter 7 Air Insulated Medium Voltage Switchgear Market, By End Use ('000 Units, USD Million)
- 7.1 Key end use trends
- 7.2 Power stations
- 7.3 Transformer substations
- 7.4 Local electricity supply
- 7.5 Others
Chapter 8 Air Insulated Medium Voltage Switchgear Market, By Application ('000 Units, USD Million)
- 8.1 Key application trends
- 8.2 Residential
- 8.3 Commercial
- 8.4 Industrial
- 8.5 Utility
Chapter 9 Air Insulated Medium Voltage Switchgear Market, By Region ('000 Units, USD Million)
- 9.1 Key regional trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Russia
- 9.3.5 Italy
- 9.3.6 Spain
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 Australia
- 9.4.3 India
- 9.4.4 Japan
- 9.4.5 South Korea
- 9.5 Middle East & Africa
- 9.5.1 Saudi Arabia
- 9.5.2 UAE
- 9.5.3 Qatar
- 9.5.4 Oman
- 9.5.5 South Africa
- 9.5.6 Egypt
- 9.6 Latin America
- 9.6.1 Brazil
- 9.6.2 Peru
- 9.6.3 Argentina
Chapter 10 Company Profiles
- 10.1 ABB
- 10.2 Siemens
- 10.3 Schneider Electric
- 10.4 Eaton
- 10.5 HYOSUNG HEAVY INDUSTRIES
- 10.6 Toshiba Infrastructure Systems & Solutions Corporation
- 10.7 Ormazabal
- 10.8 CG Power & Industrial Solutions Ltd
- 10.9 NISSIN ELECTRIC Co.,Ltd.
- 10.10 Xiamen Huadian Switchgear Co., Ltd.
- 10.11 Lucy Group Ltd.
- 10.12 HD Hyundai Electric Co., Ltd.
- 10.13 Switchgear Company
- 10.14 Yueqing Liyond Electric Co., Ltd.
- 10.15 Bulox Corporation
- 10.16 CAHORS
