세계의 공기 절연 개폐장치 시장 규모, 점유율, 성장 분석 : 전압별, 설치별, 용도별, 지역별 - 산업 예측(2024-2031년)

Global Air Insulated Switchgear Market size was valued at USD 55.6 Billion in 2022 and is poised to grow from USD 58.49 Billion in 2023 to USD 87.74 Billion by 2031, at a CAGR of 5.20% during the forecast period (2024-2031).

The global air-insulated switchgear market is witnessing significant growth, propelled by multiple factors including the rising electricity demand in developed nations, increasing global electrification rates, and the expanding electricity transmission and distribution infrastructure. Air-insulated switchgear is extensively utilized in power distribution stations and compact substations, particularly within load centers such as residential regions and high-rise buildings, while also being advantageous in rural areas where space and environmental constraints are minimal. Furthermore, the shift towards renewable energy sources such as wind and solar is augmenting the need for reliable switchgear solutions to ensure seamless integration into the electrical grid. Urbanization and industrialization are additional drivers of this market, necessitating the modernization and expansion of electrical distribution networks. With a growing emphasis on power conservation and maintaining uninterrupted supply, utilities are increasingly investing in substation and switchgear technologies that occupy less space and minimize outages. The adoption of hybrid switchgear-based substations, combining air-insulated and gas-insulated technologies, is also on the rise, despite a prevalence of traditional outdoor air-insulated designs. Additionally, stringent safety and environmental regulations are compelling industries to adopt advanced switchgear solutions that meet compliance standards. This combination of rising electricity demand, renewable energy integration, technological advancements, and regulatory pressures positions the global air-insulated switchgear market for robust growth in the coming years.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Air Insulated Switchgear market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Air Insulated Switchgear Market Segmental Analysis

Global Air Insulated Switchgear Market is segmented by Installation, by Voltage, by application and by Region. Based on Installation, the market is segmented into Indoor, and Outdoor. Based on Voltage, the market is segmented into Low, Medium, and High. Based on Application, the market is segmented into Commercial, Transmission & Utilities, Industrial, Residential, Transportation, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Global Air Insulated Switchgear Market

The Global Air Insulated Switchgear market is primarily driven by escalating electricity demands, which arise from rapid urbanization and industrialization, particularly in developing regions. This surge in power consumption is further amplified by ongoing infrastructure development projects, necessitating the implementation of reliable electrical distribution systems within urban centers and industrial facilities. As power transmission and distribution networks expand, there is an increasing need for dependable switchgear solutions, such as air-insulated switchgear, to ensure consistent and efficient energy delivery. Population growth and continued industrial advancement only heighten this demand for robust and effective switchgear technology in modern electrical systems.

Restraints in the Global Air Insulated Switchgear Market

The global air insulated switchgear market faces significant restraints due to the competitive presence of gas insulated switchgears, which utilize gas as an insulating medium. In various applications, gas insulated switchgears are favored for their compact design, making them ideal for environments where space is limited. In contrast, air insulated switchgear generally demands more physical space. Additionally, the growing preference for gas insulated switchgear can be attributed to its advantages in safety, high reliability, minimal maintenance requirements, and enhanced environmental compatibility. These factors contribute to the challenges faced by air insulated switchgear in maintaining its market position.

Market Trends of the Global Air Insulated Switchgear Market

The Global Air Insulated Switchgear market is witnessing a significant trend towards the adoption of alternative insulation gases as manufacturers prioritize environmental sustainability. Driven by stringent regulations and growing awareness of climate change, companies are actively exploring insulation alternatives that possess lower global warming potential (GWP) than traditional SF6. Innovative solutions using dry air, nitrogen, and fluoronitrile-based gas mixtures are becoming increasingly prevalent, reflecting a broader shift within the industry toward eco-friendly practices. This trend is expected to bolster the demand for advanced switchgear technologies, ultimately leading to enhanced operational efficiency while minimizing environmental impact, positioning the market for substantial growth in the coming years.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Technological Advancement
• Regulatory Landscape
• Value Chain Analysis
• Patent Analysis
• Case Study Analysis
• Customer & Buying Criteria Analysis
• PESTEL Analysis
• Macro-Economic Indicators
• Market Attractiveness Index
• Supply Chain Analysis
• Pricing Analysis

Global Air Insulated Switchgear Market Size by Installation & CAGR (2024-2031)

• Indoor
• Outdoor

Global Air Insulated Switchgear Market Size by Voltage & CAGR (2024-2031)

• Low
• Medium
• High

Global Air Insulated Switchgear Market Size by Application & CAGR (2024-2031)

• Commercial
• Transmission & Utilities
• Industrial
• Residential
• Transportation
• Others

Global Air Insulated Switchgear Market Size by Region & CAGR (2024-2031)

• North America, (by Installation, by Voltage, by Application)
  • US
  • Canada
• Europe, (by Installation, by Voltage, by Application)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (by Installation, by Voltage, by Application)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (by Installation, by Voltage, by Application)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (by Installation, by Voltage, by Application)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• ABB
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• General Electric
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Siemens Energy
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Schneider Electric
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Toshiba
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Alfanar Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Eaton Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mitsubishi Electric Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hubbell
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Larsen & Toubro Limited
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• JST Power Equipment, INC
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• EPE Malaysia
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ALFANAR GROUP
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SWITCHGEAR COMPANY
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• S&C ELECTRIC
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• TAVRIDA ELECTRIC
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation