Pad-Mounted Switchgear Market 2019 Development in Near Future, Analysis, Share, Trends, Growth, Segment, Forecasts To 2024

Posted September 23, 2019 by DhanashreeP

Pad-mounted Switchgear Market to reach USD 9.01 billion at CAGR of 10.2% During 2019 To 2024.
The pad mounted switchgear is used for undergroung electricity distribution systems. Air insulation and gas insualtion are the primarily used types of pad mounted switchgear. Such switchgears are used for feeder sectionalizing, load switching, utility distribution, fault interruption, and circuit protection applications, which makes them, a preffered solution in industrial and commercial applications. Furthermore, the pad mounted switchgear are tamper-resistant and highly reliable. Due to such advantages, the demand for pad mounted switchgear tends to increase during the forecast period.

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The growing demand for pad mounted switchgear is attributed to the industrialization, especially in developing countries, such as China and India. Pad mounted switchgear are deployed primarily by the end users for safe and reliable supply of electricity for underground systems. Moreover, factors such as tamper-resistant construction and deployment in non-premium lands are likely to drive the pad mounted switchgear market. Asia-Pacific is expected to witness a high growth in pad mounted switchgears with the growing power generation capacity additions.

Prominent Players

The key players of the global pad mounted switchgear market are ABB Ltd. (Switzerland), Schneider Electric SE (France), General Electric (US), Siemens AG (Germany), Larsen & Toubro Limited (India), Eaton Corporation, PLC (Ireland),G&W Electric (US), Toshiba Corporation (Japan), Federal Pacific (US), Crompton Greaves, Ltd. (India), C&S Electric (India), Ormazabal (Brazil), TEPCO Group (Japan), Lucy Electric (UK), and Alfanar Group (Saudi Arabia).

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Industry Segmentation

The pad mounted switchgear market is segmented based on end-use into industrial, commercial, and residential. The industrial segment dominated the pad mounted switchgear market. The pad mounted switchgears are primarily used in industries, such as oil & gas, paper & pulp, and power generation. Such switchgears help industries in the efficient operation of industrial distribution networks. The expansion of T&D networks and capacity additions and are further expected to increase the demand for industrial pad mounted switchgears.

Regional Outlook

Region wise, Europe held the largest share of the global pad mounted switchgear market in 2018 owing to rising investments in the upgrade of electrical infrastructure and focus on addition of power generation capacities. The global pad mounted switchgear market in Europe is dominated by the UK due to the rising transmission & distribution investments in the country. Furthermore, Asia-Pacific is expected to be the fastest growing market during the forecast period, mainly due to the rising investments into power generation capacity additions and transmission and distribution infrastructure.

Scope of the Report

This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global pad mounted switchgear market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis

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Issued By MRFR
Country India
Categories Business , Energy
Tags padmounted switchgear market , padmounted switchgear market analysis , padmounted switchgear market demand , padmounted switchgear market growth
Last Updated September 23, 2019