The air insulated switchgear market was valued at $66.8 billion in 2023 and is projected to reach $100.9 billion by 2033, growing at a CAGR of 4.2% from 2024 to 2033.
Air insulated switchgear (AIS) is a power redistribution device that aids in the redistribution of power from a primary distributor, using a high voltage transformer. Air is a major insulator in AIS as it helps to reduce electrical faults, thereby ensuring safe operation. The device comprises of disconnectors, circuit breakers, and busbars, all enclosed within a metal casing. The robust design and potential to handle large electrical loads make AIS a preferred choice for various applications in industrial plants, power distribution networks, and infrastructure projects.
Increase in demand for robust electrical distribution networks due to rapid surge in urbanization and industrialization globally is a key factor driving the growth of the air insulated switchgear market. In addition, rise in inclination toward sustainability is boosting the adoption of AIS as the device helps to reduce the consumption of energy by 40%. Currently, the development of modular & compact switchgears, assimilated with the capabilities of innovative technologies such as AI and the Internet of Things (IoT) is emerging as a significant trend. Furthermore, the integration of AIS into the power grid of renewable sources of energy; including wind, solar, and hydro; is acquiring traction. With increasing adoption of renewable energy sources, the management of their variable output has become pivotal to ensure stable power supply.
However, AIS potentially causes severe environmental damage in case of leakage, due to their usage of air as an insulating material. This limits the usage of switchgear, hence restraining market growth. Furthermore, the deployment of AIS faces significant challenges from gas-insulated switchgear (GIS), which prevents the widespread expansion of the air insulated switchgear market. According to an article by Electric Energy Online, a platform offering daily news coverage of the energy industry, GIS has a lower footprint when compared to AIS as the size of GIS substations is 10 times smaller than AIS.
Segment Review
The air insulated switchgear market is segmented into voltage, application, and region. On the basis of voltage, the market is classified into low, medium, and high. Depending on application, it is divided into power distribution networks, industrial plants, infrastructure projects, data centers, renewable energy integration, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
On the basis of voltage, the medium segment is expected to maintain its lead position during the forecast period.
Depending on application, the power distribution networks segment is projected to be the highest shareholder throughout the forecast period.
Region wise, Asia-Pacific is anticipated to be the highest revenue generator by 2033.
Competition Analysis
The major players operating in the global air insulated switchgear market include Hitachi Group, Schneider Electric, Switchgear Company, Siemens, alfanar Group, Mitsubishi Electric Power Products, Inc., Orecco, Eaton, Zhejiang Volcano Electrical Technology Co. Ltd, ABB, and Ghorit. These players have adopted various key developmental strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the market.
Air insulated switchgear (AIS) is a power redistribution device that aids in the redistribution of power from a primary distributor, using a high voltage transformer. Air is a major insulator in AIS as it helps to reduce electrical faults, thereby ensuring safe operation. The device comprises of disconnectors, circuit breakers, and busbars, all enclosed within a metal casing. The robust design and potential to handle large electrical loads make AIS a preferred choice for various applications in industrial plants, power distribution networks, and infrastructure projects.
Increase in demand for robust electrical distribution networks due to rapid surge in urbanization and industrialization globally is a key factor driving the growth of the air insulated switchgear market. In addition, rise in inclination toward sustainability is boosting the adoption of AIS as the device helps to reduce the consumption of energy by 40%. Currently, the development of modular & compact switchgears, assimilated with the capabilities of innovative technologies such as AI and the Internet of Things (IoT) is emerging as a significant trend. Furthermore, the integration of AIS into the power grid of renewable sources of energy; including wind, solar, and hydro; is acquiring traction. With increasing adoption of renewable energy sources, the management of their variable output has become pivotal to ensure stable power supply.
However, AIS potentially causes severe environmental damage in case of leakage, due to their usage of air as an insulating material. This limits the usage of switchgear, hence restraining market growth. Furthermore, the deployment of AIS faces significant challenges from gas-insulated switchgear (GIS), which prevents the widespread expansion of the air insulated switchgear market. According to an article by Electric Energy Online, a platform offering daily news coverage of the energy industry, GIS has a lower footprint when compared to AIS as the size of GIS substations is 10 times smaller than AIS.
Segment Review
The air insulated switchgear market is segmented into voltage, application, and region. On the basis of voltage, the market is classified into low, medium, and high. Depending on application, it is divided into power distribution networks, industrial plants, infrastructure projects, data centers, renewable energy integration, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
On the basis of voltage, the medium segment is expected to maintain its lead position during the forecast period.
Depending on application, the power distribution networks segment is projected to be the highest shareholder throughout the forecast period.
Region wise, Asia-Pacific is anticipated to be the highest revenue generator by 2033.
Competition Analysis
The major players operating in the global air insulated switchgear market include Hitachi Group, Schneider Electric, Switchgear Company, Siemens, alfanar Group, Mitsubishi Electric Power Products, Inc., Orecco, Eaton, Zhejiang Volcano Electrical Technology Co. Ltd, ABB, and Ghorit. These players have adopted various key developmental strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the market.
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Key Market Segments
By Voltage
- Low
- Medium
- High
By Application
- Power Distribution Networks
- Industrial Plants
- Infrastructure Projects
- Data Centers
- Renewable Energy Integration
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Hitachi Group
- Schneider Electric
- Switchgear Company
- Siemens
- alfanar Group
- Mitsubishi Electric Power Products, Inc.
- Orecco
- Eaton
- Zhejiang Volcano Electrical Technology Co.,Ltd
- ABB
- Ghorit
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: AIR INSULATED SWITCHGEAR MARKET, BY VOLTAGE
CHAPTER 5: AIR INSULATED SWITCHGEAR MARKET, BY APPLICATION
CHAPTER 6: AIR INSULATED SWITCHGEAR MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
Key Market Players in the Air Insulated Switchgear Market include:- Hitachi Group
- Schneider Electric
- Switchgear Company
- Siemens
- alfanar Group
- Mitsubishi Electric Power Products, Inc.
- Orecco
- Eaton
- Zhejiang Volcano Electrical Technology Co.,Ltd
- ABB
- Ghorit
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 350 |
| Published | June 2024 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value ( USD | $ 66.8 billion |
| Forecasted Market Value ( USD | $ 100.9 billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
