出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2024年5月
Air-insulated Switchgear Market – Global Forecast to 2029
空気絶縁開閉装置市場 : 設置（屋内、屋外）、電圧（低、中、高）、用途（送電＆配電事業、産業、商業＆住宅、輸送）＆地域別 – 2029年までの世界予測
Air Insulated Switchgear Market by Installation (Indoor, Outdoor), Voltage (Low, Medium, High), Application (Transmission & Distribution Utilities, Industrial, Commercial & Residential, Transportation) and Region – Global Forecast to 2029
| ページ数 | 225 |
| 図表数 | 268 |
| 価格 | |
| シングルユーザライセンス | USD 4,950 |
| マルチユーザライセンス（5名） | USD 6,650 |
| コーポレートライセンス | USD 8,150 |
| エンタープライズサイトライセンス | USD 10,000 |
| 種別 | 英文調査報告書 |
Report Overview
The global market for air insulated switchgear (AIS) is on a trajectory to reach USD 85.9 billion by 2029, a notable increase from the estimated USD 67.3 billion in 2024, with a steady CAGR of 5.0% spanning the period from 2024 to 2029.
空気絶縁開閉装置（AIS）の世界市場は、2029年までに859億米ドルに達する軌道に乗っており、2024年の推定673億米ドルから顕著に増加しており、2024年から2029年にかけて5.0%の安定したCAGRで成長しています。
The global renewable energy sector is experiencing a substantial surge, with annual additions to renewable power capacity expected to average around 305 GW per year between 2021 and 2026, marking a nearly 60% increase compared to the previous five years. This growth is propelled by continuous governmental support in more than 130 countries, aggressive net-zero goals declared by nations representing nearly 90% of global GDP, and enhanced competitiveness of wind and solar PV technologies.
Renewable energy accounts for around 22% of global power generation, according to the International Energy Agency (IEA), renewable energy capacity is expected to more than double by 2030, growing by 7,300 gigawatts (GW) under countries’ current policies, partly due to the rapid growth of variable renewable energy from solar photovoltaics and wind. Renewable integration is important for reducing carbon emissions and achieving a zero-carbon future, as the International Energy Agency estimates that most of the global electricity will need to be generated using renewables.
“Outdoor segment, by installation, to be fastest growing market from 2024 to 2029.”
Outdoor air insulated switchgear is a critical component of electrical power distribution systems, primarily used in transmission and sub-transmission sectors. These switchgear are designed to operate at high voltages, typically above 36kV, and are installed in outdoor substations, power plants, or along power distribution lines. Air is used as an insulating medium, which is readily available and requires no special treatment, making it a cost-effective and low-maintenance solution for outdoor applications. However, outdoor air insulated switchgear is susceptible to environmental conditions such as dust, humidity, temperature, and vibrations, which can affect its performance and lifespan.
“Low voltage segment, by voltage, to be the second-largest market from 2024 to 2029.”
Low-voltage AIS play a critical role in safeguarding against overload currents, voltage surges, insulation breakdown, and emergency switching in residential and commercial settings, protecting electrical appliances and low-voltage machinery. They are commonly deployed in large commercial buildings, hospitals, industrial processes, refineries, and oil & gas facilities, ensuring the protection of various devices like motors and equipment.
“Europe to be second-largest region in air insulated switchgear market.”
In 2023, Europe secured the second-largest position in the AIS market, holding a share of 21.7% with a market valuation of USD 14.1 billion. The European AIS market is dissected by country, including the UK, Germany, France, Italy, Spain, and the Rest of Europe.
On February 2024, the European Commission (EU) is committed to reaching ‘net zero’ CO2 emissions by 2050. The Commission aims to establish a clear carbon accounting framework for utilization of captured CO2 as a resource, which would reflect the climate benefits of using CO2 as a resource in industrial processes. This helps to boost the uptake of sustainable carbon in industrial sectors. The European Union is focusing on upgrading its aging power infrastructure to accommodate more renewable energy sources such as solar and wind. As part of this modernization, there is a shift from electromechanical systems to digital air insulated switchgear. This transition is expected to increase the demand for air insulated switchgear, given the advanced maturity of Europe’s power generation, transmission, and distribution systems. Additionally, efforts are being made to enhance interconnections that will improve power trading and overall energy efficiency across the region.
Breakdown of Primaries:
In-depth interviews with key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, were conducted to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The primary interviews were distributed as follows:
- By Company Type: Tier 1-30%, Tier 2-55%, and Tier 3-15%
- By Designation: C-Level-30%, D-Level-20%, and Others-50%
- By Region: North America–18%, Europe–8%, Asia Pacific–10%, South America–4% and Middle East & Africa–60%.
Note: “Others” include sales managers, engineers, and regional managers
The tiers of the companies are defined based on their total revenue as of 2021: Tier 1: >USD 1 billion, Tier 2: USD 500 million–1 billion, and Tier 3: <USD 500 million.
The AIS market is predominantly governed by well-established global leaders. Notable players in the AIS market include ABB (Switzerland), Siemens (Germany), General Electric (US), Schneider Electric (France), Eaton (Ireland), Mitsubishi Electric (Japan), Toshiba (Japan), and several others.
Research Coverage:
The report provides a comprehensive definition, description, and forecast of the AIS market based on various parameters, including Installation (Indoor, Outdoor), Voltage Rating (Low, Medium, High), CuApplication (Transmission & Distribution Utilities, Industrial, Commercial & Residential, Transportation, and Others), and region (Asia Pacific, North America, Europe, Middle East and Africa, South America). The report also offers a thorough qualitative and quantitative analysis of the AIS market, encompassing a comprehensive examination of the key market drivers, limitations, opportunities, and challenges. Additionally, it covers critical facets of the market, such as an assessment of the competitive landscape, an analysis of market dynamics, value-based market estimates, and future trends in the AIS market.
Key Benefits of Buying the Report
The report is thoughtfully designed to benefit both established industry leaders and newcomers in the AIS market. It provides reliable revenue forecasts for the entire market as well as its individual sub-segments. This data is a valuable resource for stakeholders, enabling them to gain a comprehensive understanding of the competitive landscape and formulate effective market strategies for their businesses. Furthermore, the report serves as a channel for stakeholders to grasp the current state of the market, providing essential insights into market drivers, limitations, challenges, and growth opportunities. By incorporating these insights, stakeholders can make well-informed decisions and stay informed about the constantly evolving dynamics of the switchgear industry.
• Analysis of key drivers: (modernization of power distribution infrastructure worldwide, rapid growth in renewable energy-based capacity expansion), restraints (Challenges of Spacing Requirements in Air Insulated Switchgear), opportunities (High capabilities of handling high voltages of HVDC system, Air-Insulated Switchgear Adoption in Infrastructure Development), and challenges (Operational Hurdles in High-Voltage Air Insulated Switchgear Systems, Intense competition from unorganized sector) influencing the growth of the AIS market.
• Product Development/ Innovation: The AIS market is in a constant state of evolution, with a primary focus on product development and innovation. Leading industry players like ABB, Siemens, Schneider Electric, and General Electric are at the forefront of advancing their product offerings to address shifting demands and environmental considerations. There is a notable shift towards enhancing the intelligence of AIS.
• Market Development: The AIS market is experiencing significant growth and development driven by various factors. the growing demand for integrating renewable energy sources is driving the expansion of the HVDC market, consequently increasing the demand for AIS. With wind and solar energy sources becoming more widespread, there is a growing need for efficient and reliable power transmission systems. HVDC systems offer a suitable solution by efficiently transmitting large amounts of power over long distances with minimal energy losses, thereby facilitating the integration of renewable energy sources into the grid. Additionally, the development of innovative technologies such as hybrid switchgear, which combines the strengths of AIS and GIS (Gas Insulated Switchgear), is expected to drive the expansion of the AIS market. Hybrid switchgear combines the advantages of both AIS and GIS, including increased reliability, modular substation design, space efficiency, improved performance, easy installation, and reduced switching components. This technological advancement is particularly significant in renewable energy applications, where space utilization and reliability are critical factors.
• Market Diversification: The AIS market is experiencing significant diversification, driven by a multitude of factors. The increasing focus on renewable energy sources and the modernization of power distribution systems also present opportunities for AIS in the infrastructure development industry. The aging grid infrastructure and the need for upgrades, replacements, or augmentations of existing, aging substations highlight the need for many new substations, where AIS is expected to represent a significant portion of these new substations.
• Competitive Assessment: A comprehensive evaluation has been conducted to scrutinize the market presence, growth strategies, and service offerings of key players in the AIS market. These prominent companies include Eaton (Ireland), ABB (Switzerland), Schneider Electric (France), Siemens (Germany), General Electric (US), and others. This analysis provides in-depth insights into the competitive positions of these major players, their approaches to driving market growth, and the range of services they offer within the AIS segment.
Table of Contents
1 INTRODUCTION 22
1.1 STUDY OBJECTIVES 22
1.2 MARKET DEFINITION 22
1.3 STUDY SCOPE 23
1.3.1 MARKETS COVERED 23
FIGURE 1 AIR-INSULATED SWITCHGEAR MARKET SEGMENTATION 23
1.3.2 REGIONAL SCOPE 23
1.3.3 YEARS CONSIDERED 24
1.3.4 INCLUSIONS AND EXCLUSIONS 24
1.3.4.1 Air-insulated switchgear market: by installation 24
1.3.4.2 Air-insulated switchgear market: by voltage 24
1.3.4.3 Air-insulated switchgear market: by application 25
1.3.4.4 Air-insulated switchgear market: by region 25
1.4 CURRENCY CONSIDERED 25
1.5 UNIT CONSIDERED 25
1.6 LIMITATIONS 26
1.7 STAKEHOLDERS 26
1.8 SUMMARY OF CHANGES 26
1.9 RECESSION IMPACT 27
2 RESEARCH METHODOLOGY 28
2.1 RESEARCH DATA 28
FIGURE 2 AIR- INSULATED SWITCHGEAR MARKET: RESEARCH DESIGN 28
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 29
FIGURE 3 DATA TRIANGULATION 29
2.2.1 SECONDARY DATA 30
2.2.1.1 Key data from secondary sources 30
2.2.1.2 List of major secondary sources 30
2.2.2 PRIMARY DATA 31
2.2.2.1 Breakdown of primaries 31
2.2.2.2 Key data from primary sources 31
FIGURE 4 BREAKDOWN OF PRIMARIES: BY COMPANY TYPE, DESIGNATION, AND REGION 32
FIGURE 5 MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING DEMAND FOR AIS SOLUTIONS 32
2.2.2.3 List of key participants in primary interviews 33
2.3 MARKET SIZE ESTIMATION 33
2.3.1 BOTTOM-UP APPROACH 33
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 33
2.3.2 TOP-DOWN APPROACH 34
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 34
2.3.3 DEMAND-SIDE ANALYSIS 35
2.3.3.1 Regional analysis 35
FIGURE 8 REGIONAL ANALYSIS (DEMAND SIDE) 35
2.3.3.2 Country-level analysis 36
2.3.3.3 Demand-side assumptions 36
2.3.3.4 Demand-side calculations 36
2.3.4 SUPPLY-SIDE ANALYSIS 37
FIGURE 9 KEY STEPS CONSIDERED FOR ASSESSING SUPPLY OF AIS SYSTEMS 37
FIGURE 10 AIR-INSULATED SWITCHGEAR MARKET: SUPPLY-SIDE ANALYSIS 37
2.3.4.1 Supply-side assumptions 38
2.3.4.2 Supply-side calculations 38
2.3.5 FORECAST 38
2.3.5.1 Impact of recession on air-insulated switchgear market 38
2.3.5.2 Research assumptions 38
3 EXECUTIVE SUMMARY 39
TABLE 1 AIR-INSULATED SWITCHGEAR MARKET SNAPSHOT 40
FIGURE 11 ASIA PACIFIC DOMINATED AIR-INSULATED SWITCHGEAR MARKET IN 2023 41
FIGURE 12 INDOOR SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE THAN OUTDOOR SEGMENT THROUGHOUT FORECAST PERIOD 42
FIGURE 13 HIGH-VOLTAGE AIS SOLUTIONS TO CAPTURE LARGEST MARKET SHARE IN 2029 42
FIGURE 14 TRANSMISSION & DISTRIBUTION APPLICATIONS TO LEAD MARKET THROUGHOUT FORECAST PERIOD 43
4 PREMIUM INSIGHTS 44
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN AIR-INSULATED SWITCHGEAR MARKET 44
FIGURE 15 ENHANCEMENT IN POWER DISTRIBUTION INFRASTRUCTURE WORLDWIDE TO DRIVE MARKET 44
4.2 AIR-INSULATED SWITCHGEAR MARKET, BY REGION 44
FIGURE 16 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 44
4.3 AIR-INSULATED SWITCHGEAR MARKET IN ASIA PACIFIC, BY APPLICATION AND COUNTRY 45
FIGURE 17 TRANSMISSION & DISTRIBUTION APPLICATION AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC MARKET IN 2023 45
4.4 AIR-INSULATED SWITCHGEAR MARKET, BY INSTALLATION 45
FIGURE 18 INDOOR SEGMENT TO DOMINATE MARKET IN 2029 45
4.5 AIR-INSULATED SWITCHGEAR MARKET, BY VOLTAGE 46
FIGURE 19 HIGH-VOLTAGE AIS SOLUTIONS TO CAPTURE LARGEST MARKET SHARE IN 2029 46
4.6 AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION 46
FIGURE 20 TRANSMISSION & DISTRIBUTION SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029 46
5 MARKET OVERVIEW 47
5.1 INTRODUCTION 47
5.2 MARKET DYNAMICS 47
FIGURE 21 AIR-INSULATED SWITCHGEAR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 47
5.2.1 DRIVERS 48
5.2.1.1 Modernization of power distribution infrastructure 48
FIGURE 22 GLOBAL ELECTRICITY CONSUMPTION, BY COUNTRY, 2022 (TWH) 48
5.2.1.2 Expanding renewable energy industry 49
FIGURE 23 GLOBAL RENEWABLE ENERGY CAPACITY, 2010–2022 (GW) 49
5.2.2 RESTRAINTS 50
5.2.2.1 Larger size than other switchgear types 50
5.2.3 OPPORTUNITIES 50
5.2.3.1 Growing demand for high-voltage direct current (HVDC) systems and development of hybrid switchgear 50
5.2.3.2 Rising adoption of AIS in infrastructure sector 50
5.2.4 CHALLENGES 51
5.2.4.1 Operational challenges associated with high-voltage AIS 51
5.2.4.2 Intense competition from unorganized sector 51
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 51
FIGURE 24 TRENDS/DISRUPTIONS INFLUENCING CUSTOMERS’ BUSINESSES 52
5.4 PRICING ANALYSIS 52
5.4.1 INDICATIVE PRICING ANALYSIS, BY VOLTAGE 52
TABLE 2 INDICATIVE PRICING TREND OF AIS SOLUTION, BY VOLTAGE, 2023 (USD/UNIT) 52
5.4.2 AVERAGE SELLING PRICE TREND, BY REGION 53
TABLE 3 AVERAGE SELLING PRICE TREND OF AIS SOLUTION, BY REGION, 2020–2023 (USD/UNIT) 53
FIGURE 25 AVERAGE SELLING PRICE TREND, BY REGION, 2020–2023 (USD/UNIT) 53
5.5 VALUE CHAIN ANALYSIS 53
FIGURE 26 AIR-INSULATED SWITCHGEAR MARKET: VALUE CHAIN ANALYSIS 54
5.6 ECOSYSTEM ANALYSIS 55
TABLE 4 ROLES OF COMPANIES IN AIR-INSULATED SWITCHGEAR ECOSYSTEM 55
5.7 INVESTMENT AND FUNDING SCENARIO 57
FIGURE 27 INVESTMENT AND FUNDING SCENARIO FOR TOP THREE PLAYERS, 2020–2023 57
TABLE 5 EATON CORPORATION: FUNDING DETAILS 57
TABLE 6 SIEMENS: FUNDING DETAILS 58
5.8 TECHNOLOGY ANALYSIS 58
5.8.1 KEY TECHNOLOGY 58
5.8.1.1 Integration of Internet of Things (IoT) and circuit breakers 58
5.8.2 COMPLEMENTARY TECHNOLOGY 58
5.8.2.1 Incorporation of surge arresters 58
5.9 PATENT ANALYSIS 59
FIGURE 28 AIR-INSULATED SWITCHGEAR MARKET: PATENTS APPLIED AND GRANTED, 2013–2023 59
TABLE 7 AIR-INSULATED SWITCHGEAR MARKET: LIST OF MAJOR PATENTS, 2021–2024 60
5.10 TRADE ANALYSIS 62
5.10.1 EXPORT SCENARIO (HS CODE 8537) 62
TABLE 8 EXPORT DATA FOR HS CODE 8537-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND) 62
FIGURE 29 EXPORT DATA FOR HS CODE 8537-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD THOUSAND) 63
5.10.2 IMPORT SCENARIO (HS CODE 8537) 63
TABLE 9 IMPORT DATA FOR HS CODE 8537-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND) 64
FIGURE 30 IMPORT DATA FOR HS CODE 8537-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD THOUSAND) 64
5.11 KEY CONFERENCES AND EVENTS, 2024–2025 65
TABLE 10 AIR-INSULATED SWITCHGEAR MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024–2025 65
5.12 TARIFF AND REGULATORY LANDSCAPE 66
5.12.1 TARIFF ANALYSIS (HS CODE 8535- AND 8536-COMPLIANT PRODUCTS) 66
TABLE 11 IMPORT TARIFF RELATED TO HS CODE 8535-COMPLIANT PRODUCTS, 2022 (%) 66
TABLE 12 IMPORT TARIFF RELATED TO HS CODE 8536-COMPLIANT PRODUCTS, 2022 (%) 67
5.12.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 68
TABLE 13 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 68
TABLE 14 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 69
TABLE 15 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 70
TABLE 16 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71
5.12.3 STANDARDS 71
TABLE 17 AIR-INSULATED SWITCHGEAR: STANDARDS 71
5.13 PORTER’S FIVE FORCES ANALYSIS 73
FIGURE 31 AIR-INSULATED SWITCHGEAR MARKET: PORTER’S FIVE FORCES ANALYSIS 73
TABLE 18 AIR-INSULATED SWITCHGEAR MARKET: PORTER’S FIVE FORCES ANALYSIS 73
5.13.1 THREAT OF SUBSTITUTES 74
5.13.2 BARGAINING POWER OF SUPPLIERS 74
5.13.3 BARGAINING POWER OF BUYERS 74
5.13.4 THREAT OF NEW ENTRANTS 74
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 75
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 75
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 75
FIGURE 32 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS 75
TABLE 19 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%) 76
5.14.2 BUYING CRITERIA 76
FIGURE 33 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 76
TABLE 20 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 76
5.15 CASE STUDY ANALYSIS 77
5.15.1 MIDWEST MUNICIPAL UTILITY ENHANCED DISTRIBUTION SYSTEM’S SAFETY AND RELIABILITY USING ABB’S ELASTIMOLD SOLID-DIELECTRIC SWITCHGEAR 77
5.15.2 BECKENRIED MUNICIPAL UTILITY ENHANCED SERVICES BY USING EATON’S SF6-FREE XIRIA E-SWITCHGEAR SYSTEM 77
5.15.3 GAASPERDAMMER TUNNEL PROJECT ACHIEVED SUSTAINABILITY BY IMPLEMENTING SWITCHGEAR 78
6 AIR-INSULATED SWITCHGEAR MARKET, BY VOLTAGE 79
6.1 INTRODUCTION 80
FIGURE 34 AIR-INSULATED SWITCHGEAR MARKET SHARE, IN TERMS OF VALUE, BY VOLTAGE, 2023 80
TABLE 21 AIR-INSULATED SWITCHGEAR MARKET, BY VOLTAGE, 2020–2023 (USD BILLION) 80
TABLE 22 AIR-INSULATED SWITCHGEAR MARKET, BY VOLTAGE, 2024–2029 (USD BILLION) 81
6.2 LOW 81
6.2.1 NEED TO SAFEGUARD ELECTRICAL DEVICES AND MACHINERY FROM OVERLOAD CURRENTS AND VOLTAGE SURGES TO DRIVE MARKET 81
TABLE 23 LOW: AIR-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2023 (USD BILLION) 81
TABLE 24 LOW: AIR-INSULATED SWITCHGEAR MARKET, BY REGION, 2024–2029 (USD BILLION) 82
6.3 MEDIUM 82
6.3.1 TRANSITION OF RAILWAY INDUSTRY FROM DIESEL-ELECTRIC TO ELECTRIC OR BATTERY-ELECTRIC LOCOMOTIVES TO CREATE OPPORTUNITIES 82
TABLE 25 MEDIUM: AIR-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2023 (USD BILLION) 82
TABLE 26 MEDIUM: AIR-INSULATED SWITCHGEAR MARKET, BY REGION, 2024–2029 (USD BILLION) 83
6.4 HIGH 83
6.4.1 GROWING INTEGRATION OF RENEWABLE SOURCES INTO GRIDS TO FUEL MARKET GROWTH 83
TABLE 27 HIGH: AIR-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2023 (USD BILLION) 83
TABLE 28 HIGH: AIR-INSULATED SWITCHGEAR MARKET, BY REGION, 2024–2029 (USD BILLION) 84
7 AIR-INSULATED SWITCHGEAR MARKET, BY INSTALLATION 85
7.1 INTRODUCTION 86
FIGURE 35 AIR-INSULATED SWITCHGEAR MARKET SHARE, IN TERMS OF VALUE, BY INSTALLATION, 2023 86
TABLE 29 AIR-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2020–2023 (USD BILLION) 86
TABLE 30 AIR-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2024–2029 (USD BILLION) 86
7.2 INDOOR 87
7.2.1 GREATER PROTECTION OFFERED AGAINST ENVIRONMENTAL CONTAMINANTS TO BOOST SEGMENTAL GROWTH 87
TABLE 31 INDOOR: AIR-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2023 (USD BILLION) 87
TABLE 32 INDOOR: AIR-INSULATED SWITCHGEAR MARKET, BY REGION, 2024–2029 (USD BILLION) 87
7.3 OUTDOOR 88
7.3.1 INCREASING NEED FOR HIGH-LOAD, LONG-TRANSMISSION CAPABILITIES TO FUEL SEGMENTAL GROWTH 88
TABLE 33 OUTDOOR: AIR-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2023 (USD BILLION) 88
TABLE 34 OUTDOOR: AIR-INSULATED SWITCHGEAR MARKET, BY REGION, 2024–2029 (USD BILLION) 88
8 AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION 89
8.1 INTRODUCTION 90
FIGURE 36 AIR-INSULATED SWITCHGEAR MARKET SHARE, IN TERMS OF VALUE, BY APPLICATION, 2023 90
TABLE 35 AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 90
TABLE 36 AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 91
8.2 TRANSMISSION & DISTRIBUTION 91
8.2.1 RISING FOCUS OF UTILITIES AND GRID OPERATORS ON ENHANCING RELIABILITY AND SUSTAINABILITY OF T&D NETWORKS TO BOOST DEMAND 91
TABLE 37 TRANSMISSION & DISTRIBUTION: AIR-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2023 (USD BILLION) 92
TABLE 38 TRANSMISSION & DISTRIBUTION: AIR-INSULATED SWITCHGEAR MARKET, BY REGION, 2024–2029 (USD BILLION) 92
8.3 INDUSTRIAL 92
8.3.1 INCREASING ADOPTION OF AUTOMATION AND DIGITALIZATION IN INDUSTRIAL PROCESSES TO ACCELERATE MARKET GROWTH 92
TABLE 39 INDUSTRIAL: AIR-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2023 (USD BILLION) 93
TABLE 40 INDUSTRIAL: AIR-INSULATED SWITCHGEAR MARKET, BY REGION, 2024–2029 (USD BILLION) 93
8.4 COMMERCIAL & RESIDENTIAL 94
8.4.1 RAPID URBANIZATION AND INCREASING USE OF RENEWABLE ENERGY IN COMMERCIAL AND RESIDENTIAL BUILDINGS TO SUPPORT MARKET GROWTH 94
TABLE 41 COMMERCIAL & RESIDENTIAL: AIR-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2023 (USD BILLION) 94
TABLE 42 COMMERCIAL & RESIDENTIAL: AIR-INSULATED SWITCHGEAR MARKET, BY REGION, 2024–2029 (USD BILLION) 94
8.5 TRANSPORTATION 95
8.5.1 STRINGENT ENVIRONMENTAL REGULATIONS AND SUSTAINABILITY GOALS TO FUEL MARKET GROWTH 95
TABLE 43 TRANSPORTATION: AIR-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2023 (USD BILLION) 95
TABLE 44 TRANSPORTATION: AIR-INSULATED SWITCHGEAR MARKET, BY REGION, 2024–2029 (USD BILLION) 95
8.6 OTHERS 96
TABLE 45 OTHERS: AIR-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2023 (USD BILLION) 96
TABLE 46 OTHERS: AIR-INSULATED SWITCHGEAR MARKET, BY REGION, 2024–2029 (USD BILLION) 96
9 AIR-INSULATED SWITCHGEAR MARKET, BY REGION 97
9.1 INTRODUCTION 98
FIGURE 37 AIR-INSULATED SWITCHGEAR MARKET SHARE, IN TERMS OF VALUE, BY REGION, 2023 98
FIGURE 38 ASIA PACIFIC TO RECORD HIGHEST CAGR IN AIR-INSULATED SWITCHGEAR MARKET DURING FORECAST PERIOD 99
TABLE 47 AIR-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2023 (USD BILLION) 99
TABLE 48 AIR-INSULATED SWITCHGEAR MARKET, BY REGION, 2024–2029 (USD BILLION) 99
TABLE 49 AIR-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2023 (UNITS) 100
TABLE 50 AIR-INSULATED SWITCHGEAR MARKET, BY REGION, 2024–2029 (UNITS) 100
9.2 ASIA PACIFIC 100
9.2.1 ASIA PACIFIC: RECESSION IMPACT 101
FIGURE 39 ASIA PACIFIC: AIR-INSULATED SWITCHGEAR MARKET SNAPSHOT 101
TABLE 51 ASIA PACIFIC: AIR-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2020–2023 (USD BILLION) 102
TABLE 52 ASIA PACIFIC: AIR-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2024–2029 (USD BILLION) 102
TABLE 53 ASIA PACIFIC: AIR-INSULATED SWITCHGEAR MARKET, BY VOLTAGE, 2020–2023 (USD BILLION) 102
TABLE 54 ASIA PACIFIC: AIR-INSULATED SWITCHGEAR MARKET, BY VOLTAGE, 2024–2029 (USD BILLION) 102
TABLE 55 ASIA PACIFIC: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 103
TABLE 56 ASIA PACIFIC: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 103
TABLE 57 ASIA PACIFIC: AIR-INSULATED SWITCHGEAR MARKET, BY COUNTRY, 2020–2023 (USD BILLION) 103
TABLE 58 ASIA PACIFIC: AIR-INSULATED SWITCHGEAR MARKET, BY COUNTRY, 2024–2029 (USD BILLION) 104
9.2.2 CHINA 104
9.2.2.1 Rising focus on carbon footprint reduction to boost demand 104
TABLE 59 CHINA: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 105
TABLE 60 CHINA: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 105
9.2.3 INDIA 105
9.2.3.1 Increasing electrification to drive market 105
TABLE 61 INDIA: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 106
TABLE 62 INDIA: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 106
9.2.4 JAPAN 106
9.2.4.1 Growing need to upgrade aging power infrastructure to create demand 106
TABLE 63 JAPAN: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 107
TABLE 64 JAPAN: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 107
9.2.5 AUSTRALIA 108
9.2.5.1 Railway electrification initiatives to propel market growth 108
TABLE 65 AUSTRALIA: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 108
TABLE 66 AUSTRALIA: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 108
9.2.6 REST OF ASIA PACIFIC 109
TABLE 67 REST OF ASIA PACIFIC: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 109
TABLE 68 REST OF ASIA PACIFIC: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 110
9.3 EUROPE 110
9.3.1 EUROPE: RECESSION IMPACT 111
FIGURE 40 EUROPE: AIR-INSULATED SWITCHGEAR MARKET SNAPSHOT 111
TABLE 69 EUROPE: AIR-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2020–2023 (USD BILLION) 112
TABLE 70 EUROPE: AIR-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2024–2029 (USD BILLION) 112
TABLE 71 EUROPE: AIR-INSULATED SWITCHGEAR MARKET, BY VOLTAGE, 2020–2023 (USD BILLION) 112
TABLE 72 EUROPE: AIR-INSULATED SWITCHGEAR MARKET, BY VOLTAGE, 2024–2029 (USD BILLION) 112
TABLE 73 EUROPE: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 113
TABLE 74 EUROPE: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 113
TABLE 75 EUROPE: AIR-INSULATED SWITCHGEAR MARKET, BY COUNTRY, 2020–2023 (USD BILLION) 113
TABLE 76 EUROPE: AIR-INSULATED SWITCHGEAR MARKET, BY COUNTRY, 2024–2029 (USD BILLION) 114
9.3.2 GERMANY 114
9.3.2.1 Increasing emphasis on enhancing energy efficiency and expanding grid infrastructure to drive market 114
TABLE 77 GERMANY: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 115
TABLE 78 GERMANY: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 115
9.3.3 UK 115
9.3.3.1 Surging need for electricity due to urbanization, transportation, and industrialization to escalate demand 115
TABLE 79 UK: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 116
TABLE 80 UK: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 116
9.3.4 ITALY 116
9.3.4.1 Focus on curtailing carbon emissions and shifting toward cleaner energy to drive market 116
TABLE 81 ITALY: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 117
TABLE 82 ITALY: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 117
9.3.5 FRANCE 118
9.3.5.1 Rising emphasis on renewable energy capacity expansion to create opportunities for market players 118
TABLE 83 FRANCE: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 118
TABLE 84 FRANCE: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 118
9.3.6 SPAIN 119
9.3.6.1 Electricity transmission grid projects to boost demand 119
TABLE 85 SPAIN: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 119
TABLE 86 SPAIN: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 119
9.3.7 REST OF EUROPE 120
TABLE 87 REST OF EUROPE: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 120
TABLE 88 REST OF EUROPE: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 121
9.4 NORTH AMERICA 121
9.4.1 NORTH AMERICA: RECESSION IMPACT 121
TABLE 89 NORTH AMERICA: AIR-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2020–2023 (USD BILLION) 122
TABLE 90 NORTH AMERICA: AIR-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2024–2029 (USD BILLION) 122
TABLE 91 NORTH AMERICA: AIR-INSULATED SWITCHGEAR MARKET, BY VOLTAGE, 2020–2023 (USD BILLION) 122
TABLE 92 NORTH AMERICA: AIR-INSULATED SWITCHGEAR MARKET, BY VOLTAGE, 2024–2029(USD BILLION) 122
TABLE 93 NORTH AMERICA: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 123
TABLE 94 NORTH AMERICA: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 123
TABLE 95 NORTH AMERICA: AIR-INSULATED SWITCHGEAR MARKET, BY COUNTRY, 2020–2023 (USD BILLION) 123
TABLE 96 NORTH AMERICA: AIR-INSULATED SWITCHGEAR MARKET, BY COUNTRY, 2024–2029 (USD BILLION) 124
9.4.2 US 124
9.4.2.1 Proliferation of EVs and grid-interactive buildings to surge demand 124
TABLE 97 US: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 125
TABLE 98 US: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 125
9.4.3 CANADA 125
9.4.3.1 Growing efforts to prioritize low-emission power generation to contribute to market growth 125
TABLE 99 CANADA: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 126
TABLE 100 CANADA: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 126
9.4.4 MEXICO 126
9.4.4.1 Rising investment in power infrastructure development to foster market growth 126
TABLE 101 MEXICO: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 127
TABLE 102 MEXICO: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 127
9.5 MIDDLE EAST & AFRICA 127
9.5.1 MIDDLE EAST & AFRICA: RECESSION IMPACT 128
TABLE 103 MIDDLE EAST & AFRICA: AIR-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2020–2023 (USD BILLION) 128
TABLE 104 MIDDLE EAST & AFRICA: AIR-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2024–2029 (USD BILLION) 128
TABLE 105 MIDDLE EAST & AFRICA: AIR-INSULATED SWITCHGEAR MARKET, BY VOLTAGE, 2020–2023 (USD BILLION) 129
TABLE 106 MIDDLE EAST & AFRICA: AIR-INSULATED SWITCHGEAR MARKET, BY VOLTAGE, 2024–2029 (USD BILLION) 129
TABLE 107 MIDDLE EAST & AFRICA: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 129
TABLE 108 MIDDLE EAST & AFRICA: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 130
TABLE 109 MIDDLE EAST & AFRICA: AIR-INSULATED SWITCHGEAR MARKET, BY COUNTRY, 2020–2023 (USD BILLION) 130
TABLE 110 MIDDLE EAST & AFRICA: AIR-INSULATED SWITCHGEAR MARKET, BY COUNTRY, 2024–2029 (USD BILLION) 130
TABLE 111 AIR-INSULATED SWITCHGEAR MARKET, BY GCC COUNTRY, 2020–2023 (USD BILLION) 131
TABLE 112 AIR-INSULATED SWITCHGEAR MARKET, BY GCC COUNTRY, 2024–2029 (USD BILLION) 131
9.5.2 GULF COOPERATION COUNCIL (GCC) COUNTRIES 131
9.5.2.1 Saudi Arabia 132
9.5.2.1.1 Increasing use of renewables to generate power to accelerate market growth 132
TABLE 113 SAUDI ARABIA: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 132
TABLE 114 SAUDI ARABIA: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 133
9.5.2.2 UAE 133
9.5.2.2.1 Growing demand for electricity to create lucrative opportunities for market players 133
TABLE 115 UAE: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 134
TABLE 116 UAE: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 134
9.5.2.3 Rest of GCC countries 134
TABLE 117 REST OF GCC COUNTRIES: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 135
TABLE 118 REST OF GCC COUNTRIES: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 135
9.5.3 SOUTH AFRICA 136
9.5.3.1 Pressing need to upgrade aging power infrastructure to stimulate market growth 136
TABLE 119 SOUTH AFRICA: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 136
TABLE 120 SOUTH AFRICA: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 136
9.5.4 REST OF MIDDLE EAST & AFRICA 137
TABLE 121 REST OF MIDDLE EAST & AFRICA: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 137
TABLE 122 REST OF MIDDLE EAST & AFRICA: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 137
9.6 SOUTH AMERICA 138
9.6.1 SOUTH AMERICA: RECESSION IMPACT 138
TABLE 123 SOUTH AMERICA: AIR-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2020–2023 (USD BILLION) 138
TABLE 124 SOUTH AMERICA: AIR-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2024–2029 (USD BILLION) 138
TABLE 125 SOUTH AMERICA: AIR-INSULATED SWITCHGEAR MARKET, BY VOLTAGE, 2020–2023 (USD BILLION) 139
TABLE 126 SOUTH AMERICA: AIR-INSULATED SWITCHGEAR MARKET, BY VOLTAGE, 2024–2029 (USD BILLION) 139
TABLE 127 SOUTH AMERICA: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 139
TABLE 128 SOUTH AMERICA: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 140
TABLE 129 SOUTH AMERICA: AIR-INSULATED SWITCHGEAR MARKET, BY COUNTRY, 2020–2023 (USD BILLION) 140
TABLE 130 SOUTH AMERICA: AIR-INSULATED SWITCHGEAR MARKET, BY COUNTRY, 2024–2029 (USD BILLION) 140
9.6.2 BRAZIL 141
9.6.2.1 Increasing number of electrification projects to boost demand 141
TABLE 131 BRAZIL: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 141
TABLE 132 BRAZIL: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 141
9.6.3 ARGENTINA 142
9.6.3.1 Government initiatives promoting adoption of renewable energy to support market growth 142
TABLE 133 ARGENTINA: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 142
TABLE 134 ARGENTINA: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 142
9.6.4 REST OF SOUTH AMERICA 143
TABLE 135 REST OF SOUTH AMERICA: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 143
TABLE 136 REST OF SOUTH AMERICA: AIR-INSULATED SWITCHGEAR MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 143
10 COMPETITIVE LANDSCAPE 144
10.1 OVERVIEW 144
10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2023 144
TABLE 137 AIR-INSULATED SWITCHGEAR MARKET: OVERVIEW OF KEY STRATEGIES ADOPTED BY MAJOR PLAYERS, 2020–2023 144
10.3 MARKET SHARE ANALYSIS, 2023 145
TABLE 138 AIR-INSULATED SWITCHGEAR MARKET: DEGREE OF COMPETITION, 2023 146
FIGURE 41 AIR-INSULATED SWITCHGEAR MARKET SHARE ANALYSIS, 2023 146
10.4 REVENUE ANALYSIS, 2019–2023 147
FIGURE 42 AIR-INSULATED SWITCHGEAR MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2019–2023 147
10.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024 148
FIGURE 43 AIR-INSULATED SWITCHGEAR MARKET: EV/EBITDA, 2024 148
FIGURE 44 AIR-INSULATED SWITCHGEAR MARKET: COMPANY VALUATION, 2024 148
10.6 BRAND/PRODUCT COMPARISON 149
FIGURE 45 AIR-INSULATED SWITCHGEAR MARKET: BRAND/PRODUCT COMPARISON 149
10.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 150
10.7.1 STARS 150
10.7.2 EMERGING LEADERS 150
10.7.3 PERVASIVE PLAYERS 150
10.7.4 PARTICIPANTS 150
FIGURE 46 AIR-INSULATED SWITCHGEAR MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 151
10.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 152
10.7.5.1 Company footprint 152
FIGURE 47 AIR-INSULATED SWITCHGEAR MARKET: COMPANY FOOTPRINT 152
10.7.5.2 Voltage footprint 153
TABLE 139 AIR-INSULATED SWITCHGEAR MARKET: VOLTAGE FOOTPRINT 153
10.7.5.3 Application footprint 154
TABLE 140 AIR-INSULATED SWITCHGEAR MARKET: APPLICATION FOOTPRINT 154
10.7.5.4 Installation footprint 155
TABLE 141 AIR-INSULATED SWITCHGEAR MARKET: INSTALLATION FOOTPRINT 155
10.7.5.5 Region footprint 156
TABLE 142 AIR-INSULATED SWITCHGEAR MARKET: REGION FOOTPRINT 156
10.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 157
10.8.1 PROGRESSIVE COMPANIES 157
10.8.2 RESPONSIVE COMPANIES 157
10.8.3 DYNAMIC COMPANIES 157
10.8.4 STARTING BLOCKS 157
FIGURE 48 AIR-INSULATED SWITCHGEAR MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 158
10.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 158
10.8.5.1 Detailed list of key startups/SMEs 158
TABLE 143 AIR-INSULATED SWITCHGEAR MARKET: LIST OF KEY STARTUPS/SMES 158
10.8.5.2 Competitive benchmarking of key startups/SMEs 159
TABLE 144 AIR-INSULATED SWITCHGEAR MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 159
10.9 COMPETITIVE SCENARIO AND TRENDS 159
10.9.1 DEALS 159
TABLE 145 AIR-INSULATED SWITCHGEAR MARKET: DEALS, JULY 2021–APRIL 2023 159
10.9.2 OTHERS 160
TABLE 146 AIR-INSULATED SWITCHGEAR MARKET: OTHERS, JULY 2021–APRIL 2023 160
11 COMPANY PROFILES 161
(Business overview, Products offered, Recent developments & MnM View)*
11.1 KEY PLAYERS 161
11.1.1 ABB 161
TABLE 147 ABB: COMPANY OVERVIEW 161
FIGURE 49 ABB: COMPANY SNAPSHOT 162
TABLE 148 ABB: PRODUCTS OFFERED 163
TABLE 149 ABB: DEALS 163
11.1.2 SCHNEIDER ELECTRIC 165
TABLE 150 SCHNIEDER ELECTRIC: COMPANY OVERVIEW 165
FIGURE 50 SCHNIEDER ELECTRIC: COMPANY SNAPSHOT 166
TABLE 151 SCHNIEDER ELECTRIC: PRODUCTS OFFERED 166
TABLE 152 SCHNEIDER ELECTRIC: DEALS 167
11.1.3 SIEMENS ENERGY 168
TABLE 153 SIEMENS ENERGY: COMPANY OVERVIEW 168
FIGURE 51 SIEMENS ENERGY: COMPANY SNAPSHOT 169
TABLE 154 SIEMENS: PRODUCTS OFFERED 170
TABLE 155 SIEMENS ENERGY: EXPANSIONS 170
TABLE 156 SIEMENS ENERGY: DEALS 171
11.1.4 EATON 173
TABLE 157 EATON: COMPANY OVERVIEW 173
FIGURE 52 EATON: COMPANY SNAPSHOT 174
TABLE 158 EATON: PRODUCTS OFFERED 175
TABLE 159 EATON: DEALS 175
11.1.5 GE GRID SOLUTIONS 177
TABLE 160 GE GRID SOLUTIONS: COMPANY OVERVIEW 177
FIGURE 53 GE GRID SOLUTIONS: COMPANY SNAPSHOT 178
TABLE 161 GE GRID SOLUTIONS: PRODUCTS OFFERED 178
TABLE 162 GE GRID SOLUTIONS: DEALS 179
TABLE 163 GE GRID SOLUTIONS: OTHERS 179
11.1.6 LARSEN & TOUBRO 181
TABLE 164 LARSEN & TOUBRO: COMPANY OVERVIEW 181
FIGURE 54 LARSEN & TOUBRO: COMPANY SNAPSHOT 182
TABLE 165 LARSEN & TOUBRO: PRODUCTS OFFERED 182
TABLE 166 LARSEN & TOUBRO: OTHERS 183
11.1.7 TOSHIBA INFRASTRUCTURE SYSTEMS AND CORPORATION 185
TABLE 167 TOSHIBA INFRASTRUCTURE SYSTEMS AND CORPORATION: COMPANY OVERVIEW 185
FIGURE 55 TOSHIBA INFRASTRUCTURE SYSTEMS AND CORPORATION: COMPANY SNAPSHOT 185
TABLE 168 TOSHIBA INFRASTRUCTURE SYSTEMS AND CORPORATION: PRODUCTS OFFERED 186
TABLE 169 TOSHIBA INFRASTRUCTURE & SOLUTIONS CORPORATION: OTHERS 186
11.1.8 CG POWER AND INDUSTRIAL SOLUTIONS LTD. 187
TABLE 170 CG POWER AND INDUSTRIAL SOLUTIONS LTD.: COMPANY OVERVIEW 187
FIGURE 56 CG POWER AND INDUSTRIAL SOLUTIONS LTD.: COMPANY SNAPSHOT 188
TABLE 171 CG POWER AND INDUSTRIAL SOLUTIONS LTD.: PRODUCTS OFFERED 188
11.1.9 ELATEC POWER DISTRIBUTION 189
TABLE 172 ELATEC POWER DISTRIBUTION: COMPANY OVERVIEW 189
TABLE 173 ELATEC POWER DISTRIBUTION: PRODUCTS OFFERED 189
11.1.10 JST POWER EQUIPMENT, INC. 190
TABLE 174 JST POWER EQUIPMENT, INC.: COMPANY OVERVIEW 190
TABLE 175 JST POWER EQUIPMENT, INC.: PRODUCTS OFFERED 190
11.1.11 EPE MALAYSIA 191
TABLE 176 EPE MALAYSIA: COMPANY OVERVIEW 191
TABLE 177 EPE MALAYSIA: PRODUCTS OFFERED 191
11.1.12 ALFANAR GROUP 192
TABLE 178 ALFANAR GROUP: COMPANY OVERVIEW 192
TABLE 179 ALFANAR GROUP: PRODUCTS OFFERED 192
TABLE 180 ALFANAR GROUP: DEALS 193
11.1.13 EFACEC 194
TABLE 181 EFACEC: COMPANY OVERVIEW 194
FIGURE 57 EFACEC: COMPANY SNAPSHOT 194
TABLE 182 EFACEC: PRODUCTS OFFERED 195
TABLE 183 EFACEC: OTHERS 195
11.1.14 HITACHI ENERGY LTD. 197
TABLE 184 HITACHI ENERGY LTD.: COMPANY OVERVIEW 197
FIGURE 58 HITACHI ENERGY LTD.: COMPANY SNAPSHOT 198
TABLE 185 HITACHI ENERGY LTD.: PRODUCTS OFFERED 198
TABLE 186 HITACHI ENERGY LTD.: DEALS 199
TABLE 187 HITACHI ENERGY LTD.: EXPANSIONS 199
TABLE 188 HITACHI ENERGY LTD.: OTHERS 200
11.1.15 MITSUBISHI ELECTRIC CORPORATION 201
TABLE 189 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW 201
FIGURE 59 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT 202
TABLE 190 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS OFFERED 202
TABLE 191 MITSUBISHI ELECTRIC CORPORATION: DEALS 203
TABLE 192 MITSUBISHI ELECTRIC CORPORATION: OTHERS 203
11.1.16 HUBBELL 204
TABLE 193 HUBBELL: COMPANY OVERVIEW 204
FIGURE 60 HUBBELL: COMPANY SNAPSHOT 205
TABLE 194 HUBBELL: PRODUCTS OFFERED 205
TABLE 195 HUBBELL: DEALS 206
11.1.17 SWITCHGEAR COMPANY 207
TABLE 196 SWITCHGEAR COMPANY: COMPANY OVERVIEW 207
TABLE 197 SWITCHGEAR COMPANY: PRODUCTS OFFERED 207
11.1.18 S&C ELECTRIC 208
TABLE 198 S&C ELECTRIC COMPANY: COMPANY OVERVIEW 208
TABLE 199 S&C ELECTRIC COMPANY: PRODUCTS OFFERED 208
TABLE 200 S&C ELECTRIC COMPANY: DEALS 209
TABLE 201 S&C ELECTRIC COMPANY: EXPANSIONS 209
11.1.19 TAVRIDA ELECTRIC 210
TABLE 202 TAVRIDA ELECTRIC: COMPANY OVERVIEW 210
TABLE 203 TAVRIDA ELECTRIC: PRODUCTS OFFERED 210
11.1.20 ORECCO 211
TABLE 204 ORECCO: COMPANY OVERVIEW 211
TABLE 205 ORECCO: PRODUCTS OFFERED 211
11.1.21 MEDELEC 212
TABLE 206 MEDELEC: COMPANY OVERVIEW 212
TABLE 207 MEDELEC: PRODUCTS OFFERED 212
TABLE 208 MEDELEC COMPANY: OTHERS 213
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
11.2 OTHER PLAYERS 214
11.2.1 ELECTRO-MECHANICAL, LLC 214
11.2.2 DRIESCHER 214
11.2.3 TERASAKI ELECTRIC CO., LTD. 215
11.2.4 RADIANT ENTERPRISES 215
11.2.5 AL HAMAD INDUSTRIES INT’L F.Z.E. 216
12 APPENDIX 217
12.1 INSIGHTS FROM INDUSTRY EXPERTS 217
12.2 DISCUSSION GUIDE 217
12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 221
12.4 CUSTOMIZATION OPTIONS 223
12.5 RELATED REPORTS 223
12.6 AUTHOR DETAILS 224