Air Insulated Switchgear Market: Business Strategies, Future Growth Study

1. Air insulated switchgear is a secondary power distribution device which redistributes the power of a primary power distribution device. Any extra units can be added to the equipment via a simple extension. The global air insulated switchgear market report by Market Research Future (MRFR) looks at the changing requirements of industries and adaptive designs of medium-voltage switchgears for the period of 2017 to 2023 (forecast period). The COVID-19 pandemic and the impact on the industry are noted in the latest report. Market Scope The global air insulated switchgear market is expected to expand at ~4.5% CAGR during the forecast period. COVID-19 Segmentation The global air insulated switchgear market has been segmented on the basis of voltage, installation, and end-user. Based on voltage, the market is classified into up to 36 kV and > 36 kV. Up to 36 kV is estimated to hold the largest share owing to their application in medium voltage secondary distribution. Based on installation, the market is divided into indoor and outdoor. Among these, indoor segment is expected to dominate the market as these switchgears require low maintenance and are modular in design. The air insulated switchgear market by end-user is segmented into infrastructure & transportation, transmission & distribution, manufacturing & processing, and others. Transmission & distribution segment is expected to dominate the global air insulated switchgear market due to rising investments in electrical networks globally. Read PR @ https://www.marketresearchfuture.com/press-release/air-insulated-switchgear-industry Competitive Outlook Eaton Corporation, PLC, C&S Electric, Siemens AG, ABB Ltd., Toshiba Corporation, TEPCO Group, Crompton Greaves, Ltd., Ormazabal, Larsen & Toubro Limited, Schneider Electric SE, General Electric Company, Alfanar Group, and Lucy Electric are key players of the global air insulated switchgear market. Regional Analysis Geographically, the market is segmented into Asia Pacific (APAC), North America, Europe, the Middle East & Africa (MEA), and South America. Asia Pacific is expected to hold the largest share during the forecast period due to increasing electrical expenditure infrastructure and growing renewable sector in the region. China and India are the key countries driving air insulated switchgear market in the Asia- Pacific region due to rising transmission & distribution investments. Asia-Pacific is expected to grow at fastest rate during the forecast period owing to new power generation capacity additions in the Southeast Asian countries such as Indonesia, Malaysia, Philippines, Thailand, and so on in the region. Browse Complete Report @ https://www.marketresearchfuture.com/reports/switchgear-market- 2847

2. About Market Research Future: Market Research Future (MRFR) ihttps://www.marketresearchfuture.com/press-release/pipe-laying- vessel-markets a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects. Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions. Contact Us: Market Research Future Office No. 524/528, Amanora Chambers Magarpatta Road, Hadapsar Pune - 411028 Maharashtra, India +1 646 845 9312 Email: sales@marketresearchfuture.com