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Air Insulated Switchgear Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
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COVID-19
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Request Now !Air insulated switchgear is a compact metal encapsulated switchgear consisting of high-voltage components, such as a fuse, or circuit breaker, and electrical disconnect switch, which are used to isolate, protect, and control electrical equipment. The major raw materials used for manufacturing air insulated switchgear include aluminum, steel, resins, and insulating materials.
Air insulated switchgear(AIS) adopts the air as the insulation media designed voltage ranging from 11KV to 36KV medium voltage power distribution system. It plays a controlling and protecting role in the power system. The major circuit components of the air insulated switchgear are built in the gas-filled compartment.
Market scope and structure analysis
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast unit | Value (USD) |
Segments covered | Voltage Range, Installation, Industry Vertical, and Region |
Regions covered | North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and the Middle East & Africa |
Companies covered | ABB, Siemens AG, Schneider Electric SE, General Electric Company, Eaton Corporation PLC, Lucy Electric Ltd., TBEA India, Yokogawa Electric Corporation, SwitchGear Company NV |
COVID-19 impact analysis
China is a major supplier both for the final product as well as the raw material used in electronics industry. Therefore, emergence of COVID-19 has disrupted supply side in China, thereby leaving adverse effect on the electronics industry. As a result, India’s electronics industry fears supply disruptions, production reduction, and the spree to dependence on import. Thus, owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap. Coronavirus has led to decline in the sale of top electronic companies and smartphone makers, which have major supplies to India. All these barriers hinder the growth of the air insulated switchgear market.
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Air insulated switchgear (AIS) has low manufacturing cost and is easy to maintain, due to which there is increase in production, thereby boosting the air insulated switchgear market during the forecast period. Increase in demand for air insulated switchgears due to their widespread usage in areas where space, environmental conditions, and weather conditions are not an issue, such as rural areas, is expected to be a key factor driving the air insulated switchgear market during the forecast period.
Air insulated switchgears provide various benefits such as pollution-free working, flexibility of region, ease of construction, and reliability. These benefits provide lucrative opportunities for the expansion of the global air insulated switchgear market.
However, the growth of air insulated switchgear market can be hinder due to availability of alternatives such as gas insulated switchgear. In this, the entire system is completely sealed and filled with sulfur hexafluoride, which acts as the insulating medium. As a result, the entire system is compact and can be installed indoor or even underground. In AIS, air acts as insulating medium, thereby requiring large space, thus restraining the growth of the market.
Key segments covered
Segment | Subsegment |
Voltage Range |
|
Installation |
|
Industry Vertical |
|
Key benefits of the report
- This study presents the analytical depiction of the global air insulated switchgear market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global air insulated switchgear market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Air Insulated Switchgear market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global market analysis depending on competitive intensity and how the competition will take shape in coming years.
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