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Asia Pacific Vacuum Insulated Switchgear Market Trends

  • Report ID: GMI7204
  • Published Date: Dec 2024
  • Report Format: PDF

Asia Pacific Vacuum Insulated Switchgear Market Trends

The Asia Pacific Vacuum Insulated Switchgear (VIS) industry is experiencing rapid growth, driven by a combination of technological advancements, increased industrialization, and the demand for energy-efficient solutions. The latest trends in the market highlight a shift towards modernization in electrical infrastructure and a growing emphasis on sustainability and reliability. The rise of smart grids across the Asia Pacific region is one of the key trends influencing the VIS market.
 

With countries like China, India, Japan, and South Korea heavily investing in upgrading their power grids, vacuum insulated switchgear is gaining prominence due to its ability to provide reliable protection, enhanced performance, and minimal maintenance. The demand for smart grids, which integrate advanced metering and monitoring systems, requires switchgear systems that are compact, efficient, and reliable.
 

VIS helps in reducing the physical space required for substations and ensures better fault isolation, contributing to more stable and efficient grids. The increasing focus on renewable energy sources such as solar, wind, and hydroelectric power is further driving the demand for vacuum insulated switchgear. As renewable energy installations become more widespread, grid operators are looking for reliable and high-performance solutions to integrate these variable sources into the grid. VIS is particularly suitable for handling high voltage switching and providing long-lasting performance in environments that demand consistent reliability, such as those found in renewable energy applications.
 

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size for vacuum insulated switchgear in Asia Pacific reached USD 39.4 billion in 2024 and is set to grow at a 6.1% CAGR from 2025 to 2034, driven by the increasing demand for reliable and efficient electrical systems in industries like power generation, distribution, and manufacturing.

The current segment is set to expand at a CAGR of over 5.9% through 2034, fueled by its adoption in industrial applications requiring compact, efficient, and reliable electrical solutions.

The China market is projected to surpass USD 27.2 billion by 2034, supported by rising infrastructure development and the transition to smart grid technologies.

Key players in the market include ABB, Bharat Heavy Electricals, CG Power and Industrial Solutions, E + I Engineering, Eaton, Fuji Electric, General Electric, HD Hyundai Electric, Hitachi, Lucy Group, Mitsubishi Electric, Ormazabal, Schneider Electric, Siemens, Skema, and Toshiba.

Asia Pacific Vacuum Insulated Switchgear Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 17
  • Tables & Figures: 20
  • Countries covered: 5
  • Pages: 100
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