Air Insulated Switchgear Market to exceed $8.41 Billion by 2022

1. Air Insulated Switchgear Market to exceed $8.41 Billion by 2022 The global air insulated switchgear market is projected to grow at a CAGR of 4.68% from 2017 to 2022. In 2016, Asia-Pacific is estimated to be the largest market for air insulated switchgear, followed by the Europe, and North America. This trend is expected to continue till 2022. The growth of the air insulated switchgear market is driven by increasing expenditure by the utilities in the transmission & distribution network and low capital investment of the air insulated switchgear. Browse 63 market data Tables and 52 Figures spread through 145 Pages and in-depth TOC on "Air Insulated Switchgear Market" https://www.marketsandmarkets.com/Market-Reports/air-insulated-switchgear-market-79980057.html Early buyers will receive 10% customization on reports. The report segments the market on the basis of application into transmission & distribution, manufacturing and processing, infrastructure and transportation, and others. Others include oil & gas, mining, and marine. The transmission & distribution sub-segment accounted for the largest market share in 2016. Air insulated switchgear are used for power generation, transmission, and distribution applications. This sub-segment is expected to grow at the highest CAGR during the forecast period, owing to increasing focus on renewable power generation and investments in T&D infrastructure. Transmission & distribution to be the fastest growing application segment in the air insulated switchgear market With regard to the application segment, transmission & distribution segment is expected to be the fastest growing market from 2017 to 2022. The growth in demand for the reliable delivery of electric power has led to an increase in investment in the transmission & distribution infrastructure, thereby resulting in demand for AIS. Moreover, the rise in energy consumption and electric network expansion projects can further boost the market in transmission & distribution segment. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=79980057 Asia-Pacific: The leading market for air insulated switchgear Asia-Pacific is expected to dominate the global air insulated switchgear market, owing to increasing expenditure in T&D networks and presence of manufacturing facilities in the region. This growth is attributed to increasing power generation capacity. China is expected to dominate the air insulated switchgear market in the Asia-Pacific region. China, India, and Southeast Asian countries are driving the market in the Asia-Pacific region.

2. Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=79980057 Leading players in the global air insulated switchgear market include ABB (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), General Electric Company (U.S.), and Eaton Corporation PLC (Ireland). About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Sanjay Gupta MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 newsletter@marketsandmarkets.com