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Air Insulated Commercial Switchgear Market Trends

  • Report ID: GMI11095
  • Published Date: Aug 2024
  • Report Format: PDF

Air Insulated Commercial Switchgear Market Trends

Recent innovations in AIS technology are enhancing its performance and reliability. Modern AIS systems are increasingly incorporating digital monitoring and control capabilities, allowing for real-time diagnostics and remote management. This shift towards smart switchgear improves operational efficiency, reduces downtime, and facilitates predictive maintenance. AIS is favored in urban environments due to its compact size and ease of integration into existing infrastructure. The need to upgrade aging electrical systems in commercial buildings and new developments further drives market growth.
 

There is a growing emphasis on energy efficiency and sustainability in the commercial sector. AIS systems are being designed with enhanced energy efficiency features and environmentally friendly materials. This trend aligns with global initiatives to reduce carbon footprints and adhere to stringent environmental regulations. The adoption of energy-efficient switchgear helps commercial buildings meet sustainability goals and lower operational costs.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of air insulated commercial switchgear was worth over USD 7.8 billion in 2023 and will record 6.9% CAGR through 2032, due to the increased urbanization and infrastructure development.

The low voltage segment in the air insulated commercial switchgear market is expected to cross USD 7.6 billion by 2032, due to increasing emphasis on energy efficiency and sustainability in commercial buildings.

The Asia Pacific air insulated commercial switchgear market is expected to cross USD 7 billion by 2032, owing to the urbanization and infrastructure expansion.

ABB, Chint Group, E + I Engineering, Eaton Corporation, Fuji Electric Co., Ltd., Hitachi Ltd., Hyosung Corporation, Hyundai Electric & Energy Systems Co., Ltd., Lucy Group Ltd., Mitsubishi Electric Corporation, and Powell Industries.

Air Insulated Commercial Switchgear Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 9
  • Countries covered: 22
  • Pages: 100
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