Home > Energy & Power > Electrical Equipment > Switchgears > Asia Pacific Air Insulated Commercial Switchgear Market

Asia Pacific Air Insulated Commercial Switchgear Market Analysis

  • Report ID: GMI11389
  • Published Date: Sep 2024
  • Report Format: PDF

Asia Pacific Air Insulated Commercial Switchgear Market Analysis

Based on voltage, the low voltage segment is expected to cross USD 3.8 billion by 2032. The growing focus on energy efficiency and sustainability in commercial buildings is accelerating the adoption of advanced AC switchgear solutions. These systems play a crucial role in optimizing energy consumption and facilitating the integration of energy-saving technologies. The rapid expansion of urban areas, there has been a significant increase in new commercial construction projects. Low voltage switchgear is vital for ensuring reliable and safe power distribution in these developments, driving growth in this segment.
 

Asia Pacific Air Insulated Commercial Switchgear Market Revenue Share, By Current, 2023

Based on current, AC segment is anticipated to grow at a CAGR of over 6% through 2032. The rising demand for stable and uninterrupted power supply in commercial buildings is boosting the adoption of AC switchgear. It is known for their reliability and efficiency in electrical power management and distribution, AC systems are becoming increasingly essential. The ongoing expansion of commercial infrastructure, such as office complexes, retail outlets, and industrial facilities, is further driving the need for AC switchgear. These systems play a vital role in efficiently managing AC power distribution in these environments.
 

China Air Insulated Commercial Switchgear Market Revenue Size, 2022 – 2032 (USD Billion)

China Air insulated commercial switchgear market is anticipated to surpass 2.8 billion by 2032, undergoing rapid urbanization and infrastructure development, with a rising number of commercial buildings, shopping centers, office complexes, and industrial facilities. This growth is fueling the demand for reliable and efficient power distribution systems, such as air-insulated switchgear. Strong economic expansion in the country is driving increased investments in commercial real estate and infrastructure projects. As a result, the demand for advanced power distribution solutions is surging to support both new and existing commercial facilities.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of Asia Pacific air insulated commercial switchgear was worth over USD 4.1 billion in 2023 and will exhibit a 6.3% CAGR from 2024 to 2032, attributed to rapid urbanization, industrial growth, and increasing energy demand.

The AC segment will garner 6% CAGR through 2032, due to its critical role in managing alternating current power distribution.

China air insulated commercial switchgear industry will surpass USD 2.8 billion by 2032, fueled by its rapid urbanization, extensive industrial growth, and substantial investments in infrastructure projects.

Prominent players operating in Asia Pacific air insulated commercial switchgear market are ABB, Eaton Corporation, Fuji Electric Co., Ltd., Hitachi Ltd., Hyosung Corporation, Hyundai Electric & Energy Systems Co., Ltd., Lucy Group Ltd., Mitsubishi Electric Corporation, Powell Industries, Regal Rexnord Corporation, Siemens, Schneider Electric, and Skema S.p.A., among others.

Asia Pacific Air Insulated Commercial Switchgear Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 9
  • Countries covered: 6
  • Pages: 110
 Download Free Sample