Pad-mounted Switchgear Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Report ID: GMI314

Summary Methodology

Pad-mounted Switchgear Market size is anticipated to experience substantial growth during the forecast timespan driven by rapid developments in power distribution and transmission infrastructure. Furthermore, the burgeoning propensity towards automation in power distribution systems will also stimulate industry outlook in the years ahead.

Pad-mounted switchgears offer easy access to operating apparatus and cable connections in underground distribution installations. These systems provide high flexibility in terms of the direction the incoming connections from underground cables.

One of the main trends characterizing the growth of the pad-mounted switchgear market size is the burgeoning investment interest in distribution infrastructure. Rising electricity demand coupled with interest in the establishment of underground distribution systems, owing to aesthetic and functional advantages are the major drivers contributing to product penetration. Pad-mounted switchgears are used extensively for high-priority loads such as commercial and industrial, given their high reliability.

Benefits such as flexible modular designs, cross bus at the top of the enclosure and the subsequent ease in inspection, help support the lifecycle of the distribution system, including repairs and field upgrade, positioning the pad-mounted switchgears as an integral part of underground distribution infrastructure.

Solid insulated switchgear is the primary substitute in the market. This popularity is attributed mainly to the deployment of solid insulators in vertical or horizontal mounting, in wet and corrosive environments at any given altitudes.

Europe is set to emerge as a lucrative revenue pocket for the overall pad-mounted switchgear industry, owing to strict mandates pertaining to network stability and reliability put into effect in the region. Furthermore, the region is focused on upgrading and replacing its aging distribution infrastructure, by converting overhead lines into underground cable networks, in turn boosting the adoption of ICE-standard pad-mounted switchgears.

The pad-mounted switchgear industry size is bolstered by the presence of dominant players such as Trayer Engineering Corporation, Entec Electric & Electronic Co., Electronic & Electrical Industries Corporation, Tiepco, Hubbell Incorporated, Power Grid Solution Inc (AZZ Incorporated), Eaton Corporation, Federal Pacific (Rockwell Automation, Circuit Breaker Sales Co., Inc.) and G&W Electric, among others.

Strategic maneuvers by these industry players have created several lucrative growth opportunities for the pad-mounted switchgear market. Over the last few years, key participants have undertaken significant efforts to maintain a competitive position in the market.

For instance, Eaton Corporation has collaborated with Abunayyan Holding to form a joint venture to manufacture and service low-voltage and medium voltage-switchgears in the Middle Eastern market.

Likewise, Trenwa Inc. and United Wire & Cable Inc. have struck up a partnership to provide MAXIAMP Underground Cable Bus Systems to various customers across the Canada and US markers. This award-winning, proprietary power feeder system from United Wire & Cable can maintain below grade free air ampacity ratings.

The dreaded COVID-19 pandemic has created an unprecedented and drastic impact on the social and economic landscape across the globe. The effects of the pandemic have manifested across the entire industrial spectrum, including the energy sector. The energy industry has witnessed a trend of diminishing demand and reduction in prices in the current turbulent climate. Europe especially has observed a notable collapse in electricity prices, with power prices turning negative in various European nations. The implementation of nationwide confinement measures has also contributed to consumption drops, thereby impacting the cash flows of utility companies and peripherals such as the pad-mounted switchgear market outlook.

Companies across industries, including the energy domain, have reduced, or ceased capital expenditures wherever possible. For example, DSOs (Distribution System Operators) are delaying a majority of the initiated projects, which has led to a significant reduction in goods & services procurement. Other investments deemed non-critical have also been suspended in the wake of the vast economic impact of the crisis.

However, steps taken by nations across the globe in support of the energy sector and to circumvent any further setbacks from the pandemic may pave the path to recovery for the energy sector in the post-COVID era. Efforts by regulators, policy makers, DSOs and TSOs could help ensure energy security, thus opening the possibility of advancement for the pad-mounted switchgear industry in the years ahead.

What Information does this report contain?

Historical data coverage: 2015 to 2019; Growth Projections: 2020 to 2026.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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