Pad-Mounted Switchgear Market Size Expected to Grow at a CAGR over 5.23% from 2020 to 2027

Pune, India, January 2019, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Pad-Mounted Switchgear Market.

Market Highlights

The Global Market for Pad-Mounted Switchgears is expected to be valued at USD 7.13 Billion by 2025, with 5.23% CAGR during the forecast period, 2019–2025. Pad-mounted switchgear is used to control and protect electrical power systems.

Global Pad-Mounted Switchgear Market, 2019–2025 

In 2018, Europe dominated the pad-mounted switchgear market in terms of share: MRFR

The pad-mounted switchgear market is segmented into five regions, namely, Asia-Pacific, Europe, North America, the Middle East & Africa, and South America. Europe holds the largest share in the pad-mounted switchgear market, owing to the increasing developments in the underground electricity distribution network and automation of electrical power infrastructure. In Europe, Germany is expected to be the largest and the fastest-growing country in the pad-mounted switchgear market, owing to the increasing demand for the modernization of the power infrastructure for the integration of electric vehicles. As a result, the pad-mounted switchgear market in Germany is estimated to register a significant CAGR during the forecast period.  

In North America, the US is expected to be the largest market owing to the rising development in the transmission and distribution network. Additionally, the US is expected to grow at the highest growth during the forecast period. Such factors are expected to drive the growth of the pad-mounted switchgear market in North America during the forecast period.

In Asia-Pacific, China is expected to be the largest market owing to the rising demand for the automation of the power infrastructure and the increasing developments in the distribution sector in the country. Such factors are expected to drive the growth of the pad-mounted switchgear market in Asia-Pacific during the forecast period

In the Middle East & Africa, Saudi Arabia is expected to be the largest and the fastest-growing country in the pad-mounted switchgear market owing to the increasing investments in the power infrastructure for the adaptation of renewable power sources and EVs in the country. These factors are expected to boost the demand for pad-mounted switchgear in the region during the forecast period.

In South America, Brazil is expected to be the largest and the fastest-growing country in the pad-mounted switchgear market owing to the developing power sector, which boosts the demand for pad-mounted switchgear in the country.

The Global Pad-Mounted Switchgear Market is segmented on the basis of Type, Application, Voltage, and Standard. By type, the global pad-mounted switchgear market is segmented into air-insulated, gas-insulated, solid dielectric, and others. The solid dielectric segment is projected to be the largest market share in the global pad-mounted switchgear market. By application, the global market is segmented into industrial, commercial, and residential. The industrial segment is expected to hold the largest market share in the global pad-mounted switchgear market. By voltage, the global pad-mounted switchgear market is segmented into up 15 KV, 15–25 KV, 25–35 KV, and above 35 kV. The above 35 kV segment is expected to hold the largest market share in the global pad-mounted switchgear market. By standard, the global market is segmented into the International Electrotechnical Commission (IEC), Institute of Electrical and Electronics Engineers (IEEE), and other standards. The IEC standard segment is expected to hold the largest share in the global pad-mounted switchgear market.

The Global Pad-Mounted Switchgear Market is expected to grow at 5.23% CAGR during the forecast period.

Drivers 

Scope of the Report

This report provides an in-depth analysis of the global pad-mounted switchgear market, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights the market size and share for South America, North America, the Middle East & Africa, Europe, and Asia-Pacific. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global pad-mounted switchgear market by operating pressure rating, application, and region.

Access Report Details @ https://www.marketresearchfuture.com/reports/pad-mounted-switchgear-market-7855

• 
  By Type 
  
  
  
  • Air-Insulated
  
  
  • Gas-Insulated
  
  
  • Solid Dielectric
  
  
  • Others
  
  
  
  

• 
  By Application
  
  
  
  • Industrial
  
  
  • Commercial
  
  
  • Residential
  
  
  
  

• 
  By Voltage
  
  
  
  • Up to 15 KV
  
  
  • 15–25 KV
  
  
  • 25–35 KV
  
  
  • Above 35 KV
  
  
  
  

• 
  By Standard
  
  
  
  • International Electrotechnical Commission (IEC)
  
  
  • Institute of Electrical and Electronics Engineers (IEEE)
  
  
  • Other Standards
  
  
  
  

• 
  By Region
  
  
  
  • North America 
  
  
  • Asia-Pacific 
  
  
  • Europe
  
  
  • Middle East & Africa
  
  
  • South America
  
  
  
  

Key Players

The players operating in the Global Pad-Mounted Switchgear Market are ABB (Switzerland), Trayer Switchgear (US), AZZ Inc. (US), ENTEC Electric & Electronic (South Korea), Powell Industries (US), S&C Electric Company (US), G&W Electric (US), Park Detroit (US), Scott Engineering, Inc. (US), Federal Pacific (US), KDM Steel (China), Eaton (Ireland), Switchgear Power Systems LLC (US), and TIEPCO (Saudi Arabia).