PUBLISHER: The Business Research Company | PRODUCT CODE: 1802854
PUBLISHER: The Business Research Company | PRODUCT CODE: 1802854
Pad-mounted switchgear is electrical distribution equipment installed on a concrete pad at ground level. It is housed in a secure, weatherproof enclosure, making it suitable for outdoor installations, and its primary purpose is to control, protect, and isolate electrical equipment in the distribution network.
The main types of pad-mounted switchgear include air-insulated, gas-insulated, solid-dielectric, and other variants. Air-insulated pad-mounted switchgear is designed for medium-voltage distribution systems, where the electrical components are exposed to ambient air rather than being enclosed in a gas-insulated environment. Voltage ranges, such as up to 15 kV, 15-25 kV, and 25-38 kV, are standardized according to bodies such as the International Electrotechnical Commission (IEC), Institute of Electrical and Electronics Engineers (IEEE), and others. These switchgear units find applications in industrial, commercial, and residential settings.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp escalation of U.S. tariffs and resulting trade tensions in spring 2025 are significantly affecting the electrical and electronics sector. Key components such as semiconductors, display panels, and rare-earth metals crucial for batteries and motors are now facing heavy duties. Consumer electronics companies are seeing profit margins shrink, as fierce competition makes it difficult to pass on rising costs to consumers. At the same time, industrial electronics firms are experiencing project delays due to shortages of tariff-impacted parts like printed circuit boards. In response, businesses are shifting assembly operations to tariff-exempt nations, building up inventory reserves, and redesigning products to reduce reliance on restricted materials.
The pad mounted switchgear research report is one of a series of new reports from The Business Research Company that provides pad mounted switchgear market statistics, including the pad mounted switchgear industry's global market size, regional shares, competitors with a pad mounted switchgear market share, detailed pad mounted switchgear market segments, market trends and opportunities, and any further data you may need to thrive in the pad mounted switchgear industry. This pad mounted switchgear market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The pad-mounted switchgear market size has grown steadily in recent years. It will grow from $5.95 billion in 2024 to $6.24 billion in 2025 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to increasing online shopping, increasing demand for protective packaging, shift towards eco-friendly materials, growing demand for personalized branding and packaging options, and increasing international trade.
The pad-mounted switchgear market size is expected to see strong growth in the next few years. It will grow to $7.73 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to the growth of online retailing, increasing focus on sustainable packaging solutions, rising urban populations, growing demand for smart packaging technologies, and growing demand for bioplastic-based padded mailers. Major trends in the forecast period include a shift towards eco-friendly padded mailers, integration of tamper-evident seals and anti-theft measures, development of thinner and durable materials, innovations in materials and manufacturing processes, and demand for convenience and protection during shipping.
The forecast of 5.5% growth over the next five years reflects a modest reduction of 0.7% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through higher costs for insulated electrical components, mainly supplied from Germany and Canada, delaying utility infrastructure upgrades and expansions. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The pad-mounted switchgear market is poised for substantial growth due to the increasing adoption of renewable energy sources. Renewable energy, derived from natural resources replenished within a human timeframe such as sunlight, wind, and others, is gaining traction primarily for mitigating climate change, reducing pollution, enhancing efficiency, and cutting costs. In renewable energy systems, pad-mounted switchgear plays a crucial role in safely and efficiently distributing and controlling electricity generated by sources such as solar panels and wind turbines. For instance, recent data from the Department for Energy Security and Net Zero in the UK highlighted significant growth in renewable electricity generation, reaching 30.1 TWh in December 2023, marking a 6.8% increase from the same period in 2022. This rise was driven by the addition of 2.9 GW of new renewable capacity, particularly from solar PV and wind installations, elevating renewables' share to 44.5% of total electricity generation. Consequently, the escalating adoption of renewable energy is a key driver behind the expansion of the pad-mounted switchgear market.
Major players in this market are focusing on innovation, notably developing solutions such as gas-insulated switchgear to bolster reliability and efficiency in power distribution systems. Gas-insulated switchgear is a compact, high-voltage system where electrical components are enclosed in a sealed environment filled with insulating gas, typically sulfur hexafluoride (SF6), ensuring safety and reliability. A notable example is Toshiba Corporation's launch of the AEROXIA brand in April 2023, featuring a 72.5 kV SF6-free gas-insulated switchgear utilizing natural gas and a vacuum circuit breaker. This environmentally friendly switchgear eliminates the use of SF6, a potent greenhouse gas, employing clean air insulation while maintaining the performance and reliability of traditional SF6-based systems, thereby contributing to reduced global greenhouse gas emissions in the power sector.
In September 2024, Siemens, a Germany-based technology company, acquired Trayer Engineering for an undisclosed amount. This acquisition is intended to enhance Siemens' position in the energy sector, with a specific focus on grid modernization. Trayer Engineering, a US-based company, specializes in providing automation, control systems, and electrical equipment solutions for the energy sector, particularly for grid systems and infrastructure.
Major companies operating in the pad-mounted switchgear market are Siemens AG, GE Company, Schneider Electric SE, ABB Ltd, Eaton Corporation, WEG SA, S&C Electric Company, Ormazabal GmbH, Crompton Greaves Consumer Electricals Limited, ZPUE SA, G&W Electric Company, Powell Industries Inc., KONCAR - Electrical Industry Inc., Mitsubishi Electric Power Products Inc., ACTOM Ltd, LS Electric Co Ltd, Hubbell Power Systems Inc., Federal Pacific Co, Orecco Electric, Entec Electric and Electronic Co Ltd.
Europe was the largest region in the pad-mounted switchgear market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pad-mounted switchgear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the pad-mounted switchgear market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The pad-mounted switchgear market consists of sales of pad-mounted transformers, pad-mounted switches, pad-mounted reclosers and pad-mounted metering units. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Pad-Mounted Switchgear Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on pad-mounted switchgear market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for pad-mounted switchgear ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The pad-mounted switchgear market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.