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AC Industrial Switchgear Market Analysis

  • Report ID: GMI12023
  • Published Date: Oct 2024
  • Report Format: PDF

AC Industrial Switchgear Market Analysis

The low voltage segment is anticipated to surpass USD 24.4 billion by 2032, due to rising demand for electrification across industrial facilities, particularly in manufacturing, data centers, and infrastructure projects, creating a need for reliable low-voltage systems that can manage high power loads safely and efficiently. The trend towards industrial automation and the deployment of smart manufacturing practices is also fueling the adoption of low voltage switchgear with enhanced monitoring and control features, enabling predictive maintenance and operational efficiencies.
 

AC Industrial Switchgear Market Share, By Insulation, 2023

Based on insulation, the AC industrial switchgear market from air insulation segment is projected to witness a CAGR 7.2% through 2032, owing to its environmental sustainability, cost-effectiveness, and safety advantages. Air-insulated switchgear (AIS) uses atmospheric air as the insulating medium, making it a more environmentally friendly alternative to traditional gas-insulated switchgear that often relies on SF6, a potent greenhouse gas. This aligns with the growing emphasis on sustainable and eco-friendly solutions within industrial applications, particularly as regulations tighten around SF6 usage.
 

U.S. AC Industrial Switchgear Market Size, 2022 - 2032, (USD Billion)

The U.S. AC industrial switchgear market is anticipated to surpass USD 4.2 billion by 2032 on account of the increasing demand for reliable power distribution systems and the ongoing modernization of industrial infrastructure. The need for stable and resilient electrical networks in sectors like manufacturing, data centers, and utilities is pushing investments in advanced switchgear solutions. Additionally, as industrial automation and smart manufacturing grow, the demand for switchgear with remote monitoring, predictive maintenance, and IoT capabilities is rising, enhancing operational efficiency and safety.
 

The Asia Pacific region holds critical importance in the AC industrial switchgear industry due to its rapid industrialization, urbanization, and substantial investments in infrastructure development. Countries such as China, India, Japan, and South Korea are expanding industrial capacities across manufacturing, construction, and energy sectors, which necessitates reliable power distribution solutions to handle rising electrical loads and ensure operational efficiency.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of AC industrial switchgear reached USD 25.3 billion in 2023 and is estimated to grow at a 7% CAGR from 2024 to 2032, driven by increasing industrialization and electrification.

The air insulation segment is projected to witness a 7.2% CAGR through 2032, owing to its environmental sustainability, cost-effectiveness, and safety advantages.

The U.S. market is anticipated to surpass USD 4.2 billion by 2032, led by the increasing demand for reliable power distribution systems and the modernization of industrial infrastructure.

The key players in the industry include ABB, Bharat Heavy Electricals, CG Power and Industrial Solutions, E + I Engineering, Eaton, Fuji Electric, General Electric, HD Hyundai Electric, Hitachi, Hyosung Heavy Industries.

AC Industrial Switchgear Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 20
  • Countries covered: 23
  • Pages: 100
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