"Actionable Insights to Fuel Your Growth"
Pad-mounted switchgear is designed to meet the switching and isolating requirements of electrical distribution systems with pre-engineered switching configurations. It is equipped with enclosures providing increased security of fuse and switch components from environmental hazards and improved isolation of medium voltage circuits to limit exposure of operating personnel. Increasing investments in the distribution network and a shift in placing distribution lines underground are the major factors attributed to the growth of the pad-mounted switchgear market.
The pad-mounted switchgear market is segmented into type, voltage rating, and application. Based on the type, the market is categorized into the air-insulated, gas-insulated, solid dielectric, and others. Solid dielectric segment is expected to hold the largest market share owing to wide adoption as a dielectric medium which is safe and reliable. Based on the voltage rating, the market is divided into up to 15 kV, 15–25 kV, and 25–38 kV. The 25–38 kV segment is expected to hold the largest market share due to increasing demand from industrial sector. Based on application, the market is segmented into residential, industrial, and commercial. Industrial segment is estimated to be the largest market share, as industries face the major monetary loss on account of discontinuity of power supply.
Key Market Driver -
Increasing development in transmission & distribution infrastructure
Key Market Restraint -
High Installation Cost
The increasing development in transmission & distribution infrastructure and growing investments to establish a new network drives the demand for pad-mounted switchgear. High reliability of underground distribution systems and the necessity to upgrade the aging power infrastructure also propel the demand for pad-mounted switchgear market. Moreover, significant investments in implementing distributed automation to achieve reliability and grid stability accelerate the demand for pad-mounted switchgear market. The shift in trend for adopting underground distribution systems from developing economies and stringent environmental regulations imposed on the use of SF6 from developed as well as developing countries holds promising opportunities for the growth of the pad-mounted switchgear market. However, the high installation cost of pad-mounted switchgear restraints market growth during the forecast period.
The key players offering pad-mounted switchgear in the competitive market are ABB, Eaton, Hubbell Power Systems, S&C Electric, G&W Electric Co., Powell, Electro-Mechanical Corporation, Trayer Engineering Corporation, ENTEC Electric & Electronic, Switchgear Power Systems, The International Electrical Products Co., and Scott Manufacturing & Engineering.
To gain extensive insights into the market, Request for Customization
The pad-mounted switchgear is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Europe is estimated to hold the largest market share in the global pad-mounted switchgear market owing to the increasing demand for underground distribution. Investments in distribution networks are increasing in response to the increased adoption of renewable energy. This increased investment in distribution networks is expected to drive the European pad-mounted switchgear market. Asia Pacific is the fastest-growing market for pad-mounted switchgear, which is primarily attributed due to government initiatives for undergrounding the electrical cables for safety and reliability of electrical supply.
By Voltage Rating
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry