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Asia Pacific Air Insulated Commercial Switchgear Market Size

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

Asia Pacific Air Insulated Commercial Switchgear Market Size

Asia Pacific Air Insulated Commercial Switchgear Market was valued at USD 4.1 billion in 2023 and is likely to register more than 6.3% CAGR from 2024 to 2032, since the countries in the Asia Pacific, such as China, India, and Southeast Asian nations, are witnessing rapid urbanization and industrialization. This expansion is driving the demand for reliable and efficient electrical infrastructure, including air insulated switchgear, to support the growing energy needs of commercial and industrial sectors. Air-insulated switchgear (AIS), with its compact design and easy maintenance, particularly well-suited for commercial use in densely populated urban environments.

 

Additionally, increasing energy demands and regulatory requirements for improved safety and reliability in power systems are accelerating the adoption of AIS. Innovations in insulation materials and advanced safety features are enhancing the appeal of air-insulated switchgear. Additionally, the growing integration of renewable energy sources and the need for dependable grid connectivity in commercial buildings are significant factors driving market growth. Governments in the region are investing heavily in upgrading and expanding their energy infrastructure to meet the rising electricity demand. This includes the development of new commercial buildings, manufacturing plants, and data centers, which require advanced switchgear solutions for power distribution and management.
 

 

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

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Premium Report Details

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