Pad-Mounted Switchgear Market Size, Share & Industry Analysis, By Type (Air-Insulated, Gas-Insulated, Solid Dielectric, Others), By Voltage Rating (Up to 15 kV, 15–25 kV, 25–38 kV), By Application (Residential, Industrial, Commercial)Others and Regional Forecast, 2023-2030

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.

Key Players Covered:

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.

Regional Analysis:

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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.

Segmentation

Key Industry Developments

• In August 2018, Siemens and Iljin Electric had reached an agreement to develop the first SF6-free 170 kV gas-insulated switchgear with vacuum switching technology


• In November 2018, NOJA Power explored the application of pad-mounted recloser and other switchgear in underground cables