Asia Pacific Vacuum Insulated Switchgear Market Size - By Voltage (Low, Medium, High), By Current (AC, DC), By Application (Residential, Commercial & Industrial, Utility), & Forecast, 2023

Description

List of Tables

Asia Pacific Vacuum Insulated Switchgear Market will witness over 6.4% CAGR between 2023 and 2032, propelled by an influx of innovative product launches and increased environmental concerns from prominent brands. This heightened demand signifies the region's growing reliance on advanced electrical solutions.

For instance, in August 2022, Schneider Electric debuted its environmentally conscious and digitally advanced Medium Voltage Switchgear line in Australia. Termed SM AirSeT, it represented a significant sustainability stride by utilizing pure air and vacuum interruption in place of SF6 gas. This innovation allowed users to fully harness digital functionalities, unlocking data's inherent value. Expanding on the success of the SM6 series, this offering follows the introduction of the company's Shunt Vacuum Interruption (SVI) technology with pure air insulation in 2019.

As leading companies introduce cutting-edge VIS technologies, the market witnesses a notable upswing in adoption. This trend not only reflects the market's dynamism but also underscores the pivotal role these high-quality, efficient switchgear systems play in powering the region's infrastructural advancements, further driving the vacuum insulated switchgear market in the Asia Pacific.

The overall Asia Pacific Vacuum Insulated Switchgear Market is classified based on voltage, application, and country.

Medium voltage segment will undergo significant development from 2023 to 2032. This upswing underscores the region's emphasis on reliable, efficient electrical solutions. With increased urbanization and industrialization, the necessity for robust medium voltage VIS escalates, driving market growth. This vacuum insulated switchgear demand surge reflects the pivotal role played by medium voltage VIS in enhancing electrical distribution systems across diverse industries within the Asia Pacific region.

Commercial and industrial segment will register a noteworthy CAGR from 2023 to 2032. Industries across the region prioritize reliable electrical solutions, propelling the need for efficient switchgear systems. With increased infrastructure development and expanding commercial spaces, the demand for robust VIS intensifies. This surge in vacuum insulated switchgear market growth underlines the critical role these systems play in ensuring uninterrupted power supply and safe operations across diverse commercial and industrial sectors in the Asia Pacific region.

Japan vacuum insulated switchgear market will showcase a commendable CAGR from 2023 to 2032. Fueled by the country's technological advancements and stringent safety standards, there's a pronounced reliance on efficient electrical solutions. With Japan's emphasis on resilient infrastructure and sustainable practices, the demand for VIS amplifies.

This surge underscores VIS's pivotal role in bolstering Japan's electrical grid, reflecting its contribution to ensuring reliable power distribution and reinforcing the nation's commitment to innovative, eco-friendly technologies. Additionally, rising environmental initiatives from companies in the region support the market. For instance, in June 2021, Siemens Energy and Mitsubishi Electric entered a Memorandum of Understanding (MoU) to explore the feasibility of jointly developing high-voltage switching solutions devoid of greenhouse gases.

Product Code: 7204

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 Asia Pacific Vacuum Insulated Switchgear Industry Insights

2.1 Industry ecosystem analysis
- 2.1.1 Vendor matrix
2.2 Regulatory landscape
2.3 Industry impact forces
- 2.3.1 Growth drivers
- 2.3.2 Industry pitfalls & challenges
2.4 Growth potential analysis
2.5 Porter's Analysis
- 2.5.1 Bargaining power of suppliers
- 2.5.2 Bargaining power of buyers
- 2.5.3 Threat of new entrants
- 2.5.4 Threat of substitutes
2.6 PESTEL Analysis

Chapter 3 Competitive Benchmarking

3.1 Innovation & sustainability landscape
3.2 Competitive landscape, 2023
- 3.2.1 Strategic dashboard

Chapter 4 Asia Pacific Vacuum Insulated Switchgear Market, By Voltage (‘000 Units, USD Million)

4.1 Key voltage trends
4.2 Low
4.3 Medium
4.4 High

Chapter 5 Asia Pacific Vacuum Insulated Switchgear Market, By Current (‘000 Units, USD Million)

5.1 Key current trends
5.2 AC
5.3 DC

Chapter 6 Asia Pacific Vacuum Insulated Switchgear Market, By Application (‘000 Units, USD Million)

6.1 Key application trends
6.2 Residential
6.3 Commercial & Industrial
6.4 Utility

Chapter 7 Asia Pacific Vacuum Insulated Switchgear Market, By Country (‘000 Units, USD Million)

7.1 Key country trends
7.2 China
7.3 Australia
7.4 India
7.5 Japan
7.6 South Korea

Chapter 8 Company Profiles

8.1 Eaton
8.2 Zhejiang Volcano Electrical Technology Co.,Ltd
8.3 Shenheng Power Equipment Co., Ltd
8.4 DOHO Electric
8.5 Hitachi, Ltd.
8.6 Siemens
8.7 Bharat Heavy Electricals Limited
8.8 Mitsubishi Electric Power Products, Inc.
8.9 Rotary Switchgear & Testing Pte. Ltd
8.10 S&C Electric Company