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Air Insulated Switchgear Market Share

  • Report ID: GMI5437
  • Published Date: Feb 2023
  • Report Format: PDF

Air Insulated Switchgear Market Share

The competitive landscape of the air insulated switchgear market consists of companies such as

  • Toshiba Corporation
  • Lucy Group Ltd.
  • Shanghai Delixi Group Co., Ltd.
  • S&C Electric Company
  • RITTER Starktstromtechnik GmbH & Co. KG
  • Beijing Sojo Electric Company Limited
  • Chint Group
  • Eaton
  • alfanar Group
  • Schneider Electric
  • Hitachi Energy Ltd.
  • Mitsubishi Heavy Industries, Ltd.
  • General Electric
  • ABB
  • Siemens

These firms are focusing on business expansions and new product ranges to boost their customer base and strengthen their presence in the market.
 

For example, in April 2021, Siemens launched its 8DJH 24 switchgear and RMUs of up to 24 kV powered by clean air technology. The MV switchgear, completely free of fluorinated gases, was designed as a climate-neutral insulation medium that consists of natural components from ambient air. This initiative was meant to allow the company to gain a competitive edge and reinforce its footprint in the industry.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of air insulated switchgear crossed USD 8 billion in 2022 and will depict over 8% gains through 2032, as a result of the introduction of grid resilience programs and smart meter adoption.

The medium (> 3 kV to ? 36 kV) segment is slated to register over 7.5% CAGR from 2023 to 2032, owing to the increasing upgradation and refurbishment of small-sized industries.

North America accounted for over 23% of the revenue share in 2022, on account of the mounting investment in energy infrastructure.

Key participants in the global industry include Toshiba Corporation, Beijing Sojo Electric Company Limited, Schneider Electric, Hitachi Energy Ltd., Mitsubishi Heavy Industries, Ltd., General Electric, ABB, and Siemens, among others.

Air Insulated Switchgear Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 16
  • Tables & Figures: 513
  • Countries covered: 23
  • Pages: 300
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