Pad Mounted Switchgear Market
Pad Mounted Switchgear Market Size, Share & Trends Analysis Report By Medium (Air, Gas, Fluid, and solid) By Voltage (15 kV, 15–25 kV, and 25–38 kV) By Application (Industrial, Commercial, and Residential) Forecast 2021-2028 Update Available - Forecast 2024-2030
Pad mounted switchgear market is anticipated to grow at a considerable CAGR of 5.7% during the forecast period. The pad mounted switchgear is outlined to meet the switching and isolating requirements of electrical distribution systems with pre-engineered switching configurations. It is integrated with an enclosure which provides security of fuse and switch components from environmental hazards and damages. In addition, pad mounted switchgear is used for high-priority loads such as commercial and residential which require high reliability and underground cables with pad-mounted switchgear. The factors that contribute to the growth of the market include increasing power generation capacity majorly in developing countries such as China, and India. Moreover, growing demand for electricity, rapidly increasing industrial and infrastructural development projects, and growing trends towards undergrounding the electrical cables to ensure efficient and reliable power distribution system are the biggest driver boosting the market growth. For instance, in 2019, a report published by IRENA, shows that the global share of electricity in total final use of energy raised from 20% in 2019 and expected to rise nearly 45% by 2050. Meanwhile, the renewable share in the power generation, reached 26% in 2019 and expected to reach upto 85% by 2050.
However, pad-mounted switchgear requires high installation cost and capital investment, especially for the installation of the concrete foundation and cable terminations, this are the restraining factor that limits the growth of the market.
Impact of COVID-19 Pandemic on Global Pad Mounted Switchgear Market
COVID-19 pandemic had negatively impacted the growth of the global pad-mounted switchgear market.. The shutdown of large industries globally had restricted the use of pad-mounted switchgear, along with a shortage of labor and raw material supply chain disruption has impacted the regular maintenance and operation of the pad-mounted switchgear market. The growth in the market can be witness with further rise in electrification projects, with several government initiatives in distribution infrastructure to meet the growing electricity demand that will increase the demand for pad-mounted switchgear in grid systems.
Segmental Outlook
The global pad mounted switchgear market is segmented based on medium, voltage and application. Based on medium the market is bifurcated into air, gas, fluid, and solid. Based on voltage the market is sub-segmented into 15 kV, 15–25 kV, and 25–38 kV. Based on application, the market is sub-divided into industrial, commercial, and residential. Based on medium, the solid segment is expected to grow at the highest rate in coming years, as solid pad mount switches utilize vacuum technology to provide compact, safer, and reliable medium-voltage switches that contain no oil or SF6 gas. Solid switchgear uses epoxy as an insulation medium, which is an alternative to SF6. These replacements and benefits offered by solid are expected to contribute to the growth of the solid pad mounted switchgear market.
Global Pad Mounted Switchgear Market Share by Application, 2021 (%)
The Industrial Segment Holds the Major Share in the Global Pad Mounted Switchgear Market
The industrial segment is expected to be the largest pad-mounted switchgear market. The demand for reliable and uninterrupted power supply for continuous and optimum operations by industries is driving the adoption ofpad mounted switchgear. . Moreover, industrial pad mounted switches are frame for higher operating temperatures and used in the areas with heavy dust or corrosive environment, and results in holding major market share over the forecast period.
Regional Outlooks
The global pad mounted switchgear market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). North America accounted for the largest share of revenue in 2021 and dominated the makret. The region is further expected to maintain its dominance over the forecast period. The regional growth of the pad mounted switchgear is attributed to the presence of large industries, increasing development in transmission and distribution infrastructure to establish a new network fueled the growth of the market in the Asia-Pacific region. Apart from this, government initiatives for underground electric cable installation for stable and safe electricity supply will propel the demand for pad mounted switchgear, thereby enhancing the market growth.
Global Pad Mounted Switchgear Market Growth, by Region 2021-2028
The North-America Region is Projected to Grow at Significant Rate in the Global Pad mounted Switchgear Market
Geographically, North America dominated the market by accounting highest share in the pad-mounted switchgear market in 2021. The North America region is the largest market of global pad-mounted switchgear and is projected to show notable growth, as the commercial enterprises are rapidly expanding owing to an increase in urbanization and economic growth in the region, which leads to an upsurge in the demand for electricity usage. Moreover, the rising demand for underground electricity distribution majorly in industries, and the residential sector, is expected to witness considerable growth of the global pad mounted switchgear market in the North America region.
Market Players Outlook
The major companies serving the global pad mounted switchgear market are ABB Ltd., AZZ Inc., Mitsubishi Electric Corp., Powell Industries., Schneider Electric, Electro-Mechanical, KDM Steel, Korea International Trade Association, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2020, ABB Incexpanded its manufacturing facility in Hackettstown to meet the growing demand for electrical equipment. This expansion doubled the solid dielectric switchgear manufacturing footprint of the company to 24,000 square feet. The facility manufacturing provides cable accessories, switch gear apparatus, and overhead apparatus, under the brand name Elastimold, Switchgear, Elastimold and Joslyn Hi-Voltage Capacitor switches.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global pad mounted switchgear market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Pad Mounted Switchgear Market
• Recovery Scenario of Global Pad Mounted Switchgear Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. ABB Ltd.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Eaton Corporation PLC.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Hubbell Inc.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Powell Industries
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. G&W Electric
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Pad Mounted Switchgear Market, by Medium
5.1.1. Air
5.1.2. Gas
5.1.3. Fluid
5.1.4. Solid
5.2. Global Pad Mounted Switchgear Market, by Voltage
5.2.1. 0-15kv
5.2.2. 15-25kv
5.2.3. 25-38 kv
5.3. Global Pad Mounted Switchgear Market, by Application
5.3.1. Industrial
5.3.2. Residential
5.3.3. Commercial
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Eaton Corp. Plc
7.2. EEIC
7.3. Electro Mechanical
7.4. Elliott Industries Inc.
7.5. G&W Electric
7.6. Hitachi Energy Ltd
7.7. Hubbell Inc.
7.8. International Electrical Products Co.
7.9. KDM Steel
7.10. Korea International Trade Association
7.11. Park Detroit
7.12. R&B Switchgear Group
7.13. S&C Electric Co.
7.14. Scott Engineering
7.15. Switchgear Power Systems LLC
7.16. Trayer Switchgear
7.17. Wesco International Inc
1. GLOBAL PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY MEDIUM, 2021-2028($ MILLION)
2. GLOBAL AIR PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL GAS PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL FLUID PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL SOLID PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY VOLTAGE, 2021-2028 ($ MILLION)
7. GLOBAL 15KV PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL 15-25 KV PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL 25-38 KV PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
11. GLOBAL INDUSTRIAL PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL RESIDENTIAL PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL COMMERCIAL PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. NORTH AMERICAN PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. NORTH AMERICAN PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY MEDIUM, 2021-2028 ($ MILLION)
17. NORTH AMERICAN PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY VOLTAGE, 2021-2028 ($ MILLION)
18. NORTH AMERICAN PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
19. EUROPEAN PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. EUROPEAN PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY MEDIUM, 2021-2028 ($ MILLION)
21. EUROPEAN PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY VOLTAGE, 2021-2028 ($ MILLION)
22. EUROPEAN PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY MEDIUM, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY VOLTAGE, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
27. REST OF THE WORLD PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
28. REST OF THE WORLD PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY MEDIUM, 2021-2028 ($ MILLION)
29. REST OF THE WORLD PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY VOLTAGE, 2021-2028 ($ MILLION)
30. REST OF THE WORLD PAD MOUNTED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL PAD MOUNTED SWITCHGEAR MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL PAD MOUNTED SWITCHGEAR MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL PAD MOUNTED SWITCHGEAR MARKET, 2021-2028 (%)
4. GLOBAL PAD MOUNTED SWITCHGEAR MARKET SHARE BY MEDIUM, 2021 VS 2028 (%)
5. GLOBAL AIR PAD MOUNTED SWITCHGEAR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL GAS PAD MOUNTED SWITCHGEAR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL FLUID PAD MOUNTED SWITCHGEAR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL SOLID PAD MOUNTED SWITCHGEAR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL PAD MOUNTED SWITCHGEAR MARKET SHARE BY VOLTAGE, 2021 VS 2028 (%)
10. GLOBAL 15KV PAD MOUNTED SWITCHGEAR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL 15-25KV PAD MOUNTED SWITCHGEAR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL 25-38KV PAD MOUNTED SWITCHGEAR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL PAD MOUNTED SWITCHGEAR MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
14. GLOBAL INDUSTRIAL PAD MOUNTED SWITCHGEAR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL RESIDENTIAL PAD MOUNTED SWITCHGEAR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL COMMERCIAL PAD MOUNTED SWITCHGEAR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. US PAD MOUNTED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
18. CANADA PAD MOUNTED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
19. UK PAD MOUNTED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
20. FRANCE PAD MOUNTED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
21. GERMANY PAD MOUNTED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
22. ITALY PAD MOUNTED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
23. SPAIN PAD MOUNTED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF EUROPE PAD MOUNTED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
25. INDIA PAD MOUNTED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
26. CHINA PAD MOUNTED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
27. JAPAN PAD MOUNTED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
28. SOUTH KOREA PAD MOUNTED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF ASIA-PACIFIC PAD MOUNTED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF THE WORLD PAD MOUNTED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
