The global air
insulated switchgear market is projected to grow at a CAGR of 4.68%
from 2017 to 2022. In 2016, Asia-Pacific is estimated to be the largest market
for air insulated switchgear, followed by the Europe, and North America. This
trend is expected to continue till 2022. The growth of the air insulated
switchgear market is driven by increasing expenditure by the utilities in the
transmission & distribution network and low capital investment of the air
insulated switchgear.
The report segments the market on the basis of
application into transmission & distribution, manufacturing and processing,
infrastructure and transportation, and others. Others include oil & gas,
mining, and marine. The transmission & distribution sub-segment accounted
for the largest market share in 2016. Air insulated switchgear are used for
power generation, transmission, and distribution applications. This sub-segment
is expected to grow at the highest CAGR during the forecast period, owing to
increasing focus on renewable power generation and investments in T&D
infrastructure.
Download PDF
Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=79980057
Transmission &
distribution to be the fastest growing application segment in the air
insulated switchgear market
With regard to the application segment, transmission
& distribution segment
is expected to be the fastest growing 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 AIS. Moreover, the rise in energy consumption and
electric network expansion projects can further boost the market in
transmission & distribution segment.
Asia-Pacific: The leading market for air insulated switchgear
Asia-Pacific is expected
to dominate the global air insulated switchgear market, owing to increasing
expenditure in T&D networks and presence of manufacturing facilities in the
region. This growth is attributed to increasing power generation capacity. China
is expected to dominate the air insulated switchgear market in the Asia-Pacific
region. China, India, and Southeast Asian countries are driving the market in
the Asia-Pacific region.
Request Sample
Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=79980057
Leading players in the
global air insulated switchgear market
include ABB (Switzerland), Siemens AG (Germany), Schneider Electric SE
(France), General Electric Company (U.S.), and Eaton Corporation PLC (Ireland).
About
MarketsandMarkets™:
MarketsandMarkets™ provides
quantified B2B research on 30,000 high growth niche opportunities/threats which
will impact 70% to 80% of worldwide companies’ revenues. Currently servicing
7500 customers worldwide including 80% of global Fortune 1000 companies as
clients. Almost 75,000 top officers across eight industries worldwide approach
MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and
SMEs at MarketsandMarkets™ are tracking global high growth markets following
the "Growth Engagement Model – GEM". The GEM aims at proactive
collaboration with the clients to identify new opportunities, identify most
important customers, write "Attack, avoid and defend" strategies,
identify sources of incremental revenues for both the company and its
competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants
(Positioning top players across leaders, emerging companies, innovators, strategic
players) annually in high growth emerging segments. MarketsandMarkets™ is
determined to benefit more than 10,000 companies this year for their revenue
planning and help them take their innovations/disruptions early to the market
by providing them research ahead of the curve.
MarketsandMarkets’s flagship
competitive intelligence and market research platform, "Knowledge
Store" connects over 200,000 markets and entire value chains for deeper
understanding of the unmet insights along with market sizing and forecasts of
niche markets.
Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Content
Source: https://www.marketsandmarkets.com/PressReleases/air-insulated-switchgear.asp
No comments:
Post a Comment