Home > Energy & Power > Electrical Equipment > Switchgears > Air Insulated Medium Voltage Switchgear Market

Air Insulated Medium Voltage Switchgear Market Trends

  • Report ID: GMI7108
  • Published Date: Nov 2024
  • Report Format: PDF

Air Insulated Medium Voltage Switchgear Market Trends

Modernization of AIS systems have led to the incorporation of smart grid technologies, enhancing the overall efficiency and automation of power distribution. With the integration of digital communication capabilities, AIS systems are now capable of real-time monitoring, predictive maintenance, and remote control, improving operational efficiency and reducing downtime. The trend of using eco-friendly insulating materials is also growing, as manufacturers seek to reduce environmental impact.
 

The global transition toward renewable energy sources such as solar, wind, and hydro is driving the need for advanced medium voltage switchgear solutions. AIS is increasingly being used to manage the integration of renewable energy into power grids. As the energy mix diversifies, AIS helps to stabilize grid operations by ensuring that fluctuating renewable energy is safely distributed across the system. The rise of microgrids and distributed energy systems also relies on AIS for efficient power management. AIS is favored for its cost-effectiveness, particularly in terms of installation and maintenance. As industries focus on reducing capital expenditures and operational costs, AIS presents an affordable solution for medium voltage applications. Moreover, AIS requires less space compared to gas-insulated switchgear, making it ideal for installations in areas with limited space.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The global market for air insulated medium voltage switchgear was reached USD 5.8 billion in 2024 and is estimated to grow at a 7.5% CAGR from 2025 to 2034, driven by increased demand for reliable power distribution in various sectors.

The ? 21 kV to < 27 kV segment is anticipated to surpass USD 2.8 billion by 2034, led by the increasing demand for reliable power supply in industrial facilities and urban infrastructure.

The U.S. air insulated medium voltage switchgear market is estimated to surpass USD 2 billion by 2034, propelled by significant investments in upgrading and modernizing aging electrical infrastructure.

Key industry players 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, Lucy Group, Mitsubishi Electric, Ormazabal, Schneider Electric, Siemens, Skema, and Toshiba.

Air Insulated Medium Voltage Switchgear Market Scope

Buy Now


Premium Report Details

  • Base Year: 2024
  • Companies covered: 17
  • Tables & Figures: 20
  • Countries covered: 18
  • Pages: 100
 Download Free Sample