DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Air Insulated Switchgear Market by Voltage Range, Installation, Application, and Region - Global Forecast to 2022" report to their offering.
The air insulated switchgear market is projected to reach USD 8.41 billion by 2022, growing at a CAGR of 4.68% from 2017 to 2022.
Air insulated switchgear are relatively cost effective, are pollution free, and have simple construction. Increasing investments in T&D infrastructure, increasing electricity demand, and low capital investment of air insulated switchgear are expected to drive the air insulated switchgear market. The availability of alternative such as gas insulated switchgear is likely to hinder market growth of air insulated switchgear.
Based on voltage range of air insulated switchgear, the 3 kV-36 kV segment is estimated to be the fastest growing market from 2017 to 2022. These air insulated switchgear are used in a wide range of applications such as power generation, manufacturing and processing, infrastructure and transportation, and power distribution sector. The growth in 3 kV-36 kV segment is driven by increasing power generation capacity and infrastructural developments.
Based on application of air insulated switchgear, the transmission & distribution segment is expected to dominate the air insulated switchgear 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 substations and projects regarding AIS installations. Increasing expenditure in electrical networks and increasing focus on renewable power generation are expected to drive the air insulated switchgear market in transmission & distribution segment.
- ABB, Ltd.
- Alfanar Group
- C&S Electric Limited
- Crompton Greaves, Ltd.
- Eaton Corporation, PLC.
- Efacec Power Solutions
- Elatec Power Distribution GmbH
- Epe Power Switchgear Sdn. BHD.
- General Electric Company
- Köhl S.Á R.L.
- Larsen & Toubro Limited
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Air Insulated Switchgear Market, By Voltage Range
7 Air Insulated Switchgear Market, By Installation
8 Air Insulated Switchgear Market, By Application
9 Air Insulated Switchgear Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/fjlflj/air_insulated