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Solid dielectric type pad-mounted switchgear is currently fast growing technology introduced by G&W Electric (U.S.) and is considered as the best alternative when compared to conventional oil insulated pad-mounted switchgears. Solid dielectric insulations make these switchgears suitable for wet and corrosive environment, vertical or horizontal mounting, and use in any altitude. Also, since epoxy is inert and, environmental friendly, no EPA usage restrictions are implied making it easily acceptable in the market.
The increasing demand for Pad Mounted Switchgear drives the market. Increasing transmission and distribution investment and high efficient underground distribution systems are key factors to drive the growth of market. The underground distribution system is growing rapidly owing to shift change in trend. It amplifies the reliability and efficiency of the electrical supply with the advantage of being less susceptible to lightning and offers easy diagnosis of faults. U.K. and France are the fastest growth markets in the region. Europe is expected to have the largest market share for pad mounted switchgear. The market is driven by replacement of existing transmission system, improving the reliability of the grid and switching from overhead line to underground transmission systems. Asia pacific is expected to have moderate growth in this pad mounted switchgear market owing to high initial cost for the replacement of existing transmission system.
Market Analysis and Insights: Global Pad Mounted Switchgear Market
The global Pad Mounted Switchgear market was valued at US$ 5792.9 in 2020 and will reach US$ 9876.8 million by the end of 2027, growing at a CAGR of 9.3% during 2022-2027.
Global Pad Mounted Switchgear Scope and Market Size
The global Pad Mounted Switchgear market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Pad Mounted Switchgear market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Air Insulated
Gas Insulated
Others
Segment by Application
Industrial
Commercial
Residential
The Pad Mounted Switchgear market is analysed and market size information is provided by regions (countries). Segment by Application, the Pad Mounted Switchgear market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
G＆W Electric
Eaton Corporation
S＆C Electric Company
Federal Pacific
The increasing demand for Pad Mounted Switchgear drives the market. Increasing transmission and distribution investment and high efficient underground distribution systems are key factors to drive the growth of market. The underground distribution system is growing rapidly owing to shift change in trend. It amplifies the reliability and efficiency of the electrical supply with the advantage of being less susceptible to lightning and offers easy diagnosis of faults. U.K. and France are the fastest growth markets in the region. Europe is expected to have the largest market share for pad mounted switchgear. The market is driven by replacement of existing transmission system, improving the reliability of the grid and switching from overhead line to underground transmission systems. Asia pacific is expected to have moderate growth in this pad mounted switchgear market owing to high initial cost for the replacement of existing transmission system.
Market Analysis and Insights: Global Pad Mounted Switchgear Market
The global Pad Mounted Switchgear market was valued at US$ 5792.9 in 2020 and will reach US$ 9876.8 million by the end of 2027, growing at a CAGR of 9.3% during 2022-2027.
Global Pad Mounted Switchgear Scope and Market Size
The global Pad Mounted Switchgear market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Pad Mounted Switchgear market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Air Insulated
Gas Insulated
Others
Segment by Application
Industrial
Commercial
Residential
The Pad Mounted Switchgear market is analysed and market size information is provided by regions (countries). Segment by Application, the Pad Mounted Switchgear market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
G＆W Electric
Eaton Corporation
S＆C Electric Company
Federal Pacific
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