Global Air Insulated Switchgear Market Size to Exceed USD 102.02 Billion by 2033: Market Study Report

Global Air Insulated Switchgear Market Size to Exceed USD 102.02 Billion by 2033   

According to a research report published by Spherical Insights & Consulting, The Global Air Insulated Switchgear Market Size is Expected to Grow from USD 65.45 Billion in 2023 to USD 102.02 Billion by 2033, at a CAGR of 4.54% during the forecast period 2023-2033. 

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Air Insulated Switchgear Market Size, Share, and COVID-19 Impact Analysis, By Voltage (Medium {> 3 KV to < 36 KV}, High {> 36 KV}, and Low {1 (kV)}), By Application (Residential, Commercial & Industrial, and Utility), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033        

The industry that produces, distributes, and uses Air-Insulated Switchgear (AIS) systems is known as the air-insulated switchgear (ais) market. These systems ensure safe and effective operation by isolating and protecting electrical components using air as the main insulating medium. In medium to high voltage applications, AIS systems which comprise components including busbars, disconnectors, and circuit breakers housed in metal casings are frequently utilized. Additionally, there is an increasing need for strong electrical distribution networks to support the growth of residential, commercial, and industrial areas as urbanization and industrialization pick up speed worldwide, especially in emerging nations. Reliable switchgear solutions are necessary to ensure effective and continuous power distribution as a result of significant investments made by the public and private sectors in the construction of new power plants, substations, and transmission lines.AIS provides a dependable and reasonably priced option in areas like Asia-Pacific and Africa, where electrification projects are fast developing to accommodate burgeoning populations and economies. However, in addition to delaying the distribution of switchgear, supply chain interruptions can increase customer complaints and reduce profits.

The medium {> 3 KV to < 36 KV} segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.                           

Based on voltage, the global air insulated switchgear market is categorized as medium {> 3 KV to < 36 KV}, high {> 36 KV}, and low {1 (kV)}. Among these, the medium {> 3 KV to < 36 KV} segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. This due to its ability to maintain a stable voltage at all times, this type of air-insulated switchgear is frequently utilized across several industries.

The residential segment accounted for the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.       

Based on the application, the global air insulated switchgear market is categorized as residential, commercial & industrial, and utility. Among these, the residential segment accounted for the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. The overuse of substations in residential areas will be the main driver of this expansion. Residential AIS substations are suitable for smaller substations, and H-type single-line diagrams are mostly easily comprehensible at a very low cost.

Asia-Pacific is projected to hold the largest share of the global air insulated switchgear market over the forecast period.

Asia-Pacific is projected to hold the largest share of the global air insulated switchgear market over the forecast period. This is due to the growing need for higher-voltage power distribution networks in developing nations like Malaysia, Thailand, Indonesia, China, and India. Additionally, during the projection period, growth in this region is anticipated to be bolstered by rising investments in new power generation facilities and increased demand from end-use industries.

North America is expected to grow at the fastest CAGR growth of the global air insulated switchgear market during the forecast period. North America's thriving citrus industry plays a major role. With its sophisticated agricultural infrastructure, the US leads the world in both production and consumption. Strong supply networks and a high demand for animal feed are advantageous to this area.

Company Profiling

Major vendors in the global air insulated switchgear market are ABB; General Electric; Siemens; Schneider Electric; Toshiba; Alfanar Group; Hitachi Energy; Eaton Corporation; Mitsubishi Electric Corporation; Hubbell; Larsen & Toubro Limited, ELATEC POWER DISTRIBUTION GmbH., and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Developments

• In April 2022, Schneider Electric introduced "EasySet MV air-insulated," a switchgear designed for indoor use. It is a small solution for primary distribution of medium voltage. This compact, modular switchgear for MV primary distribution uses vacuum circuit breaker technology and provides unmatched simplicity of operatixon, monitoring, and maintenance for electrical distribution needs.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global air insulated switchgear market based on the below-mentioned segments: 

Global Air Insulated Switchgear Market, By Voltage

• Medium {> 3 KV to < 36 KV}
• High {> 36 KV}
• Low {1 (kV)}

Global Air Insulated Switchgear Market, By Application

• Residential
• Commercial & Industrial
• Utility

Global Air Insulated Switchgear Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa