New York, NY -- (SBWire) -- 04/12/2019 --The global Pad Mounted Switchgear Market is forecasted to reach USD 10.10 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the high demand for reliable underground distribution systems. Growing T&D (Transmission & distribution) services is also expected to promote growth during the coming years. Other additional advantages include cross bus at the top of the enclosure for the comfort of inspection, and flexible modular design increases life cycle support including field upgrades and repairs. Besides, this switchgear is available in mild steel, aluminum or stainless steel construction and is also easily replaceable. The underground distribution system is increasing at a rapid rate due to the shift in trend. Continuous and constant power for optimum operation is also anticipated to drive market growth over the years.
The major players covered in this report are Entec Electric & Electronic Co., G&W Electric, Tiepco, Power Grid Solution Inc, Hubbel Incorporated, S&C Electric Company, Trayer Engineering Corporation, Electronic & Electrical Industries Corporation, Eaton Corporation and Federal Pacific
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APAC pad mounted switchgear market is anticipated to grow at a CAGR of 9.5% during the forecast period. The increasing preference for underground distribution will spur the growth over the forecast period. Considerable T&D network industrialization and expansion projects in this region are undoubtedly influencing the increase in demand of the market. Developing scope for pad-mounted switchgear market in application sectors offers various benefits such as highly reliable power for maximum, continuous and unbroken operations which is expected to amplify the demand for underground distribution systems.
Pad Mounted Switchgear Market by Product (Revenue, USD Million; 2018-2026):
- PWE
- PWVE three-phase Reclosers
- General Kyle types PWE and PWVE padmounted
- Electronically controlled, three-phase automatic circuit reclosers
Pad Mounted Switchgear Market by Insulation type (Revenue, USD Million; 2018-2026):
- Solid
- Gas Insulated
- Air Insulated
- Others
Pad Mounted Switchgear Market by Applications (Revenue, USD Million; 2018-2026):
- Industrial
- Commercial
- Residential
Pad Mounted Switchgear Market by Voltage range (Revenue, USD Million; 2018-2026):
- 0-15 kV
- 16-25 kV
- Above 25 kV
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Geographically, this report studies the top producers and consumers in these key regions:
- North America
- Europe
- China
- Japan
- Other Regions (India, Southeast Asia, Central & South America and Middle East & Africa)
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
Further key findings from the report suggest:
- Air insulated pad-mounted switchgear segment accounts for a market share of 29.90% in 2018. It is due to its financial viability. In areas with ample space, air-insulated switchgear is the first choice due to its low-cost feature.
- Solid insulated switchgear market is anticipated to grow at a CAGR of 9.8% during the forecast period and when compared with oil insulated switch gears, it is considered as the first substitute.
- Solid insulators are mainly deployed for horizontal or vertical mounting, wet and corrosive environment, and are used in any desired altitude. Also, epoxy is environmentally safe and inert. Therefore, no EPA usage restrictions can be implied making it undoubtedly suitable in the industry.
- Growing Transmission & distribution (T&D) services should promote growth during the coming years. Also, high reliability of underground distribution systems is anticipated to be the principal factor for the growth of the market over the forecast period.
- Other additional advantages include cross bus at the top of the enclosure for the comfort of inspection, and flexible modular design increases life cycle support including field upgrades and repairs.
- The voltage rating segment is divided as 0-15 kV, 16-25 kV, and above 25 kV. Pad-mounted switchgears are available in several mechanical and electrical configurations. Pad-mount switchgears operate on medium-voltage distribution systems, up to about 35 kV. The market for 16-25 kV rating is expected to grow at a CAGR of 9.6% during the forecast period. The low-voltage winding matches the customer requirement and may be single-phase or three-phase.
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Key elements from table of content:
Chapter 11. Company Profiles
11.1. Entec Electric & Electronic Co
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product type Insights
11.1.4. Strategic Initiatives
11.2. Trayer Engineering Corporation
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product type Insights
11.2.4. Strategic Initiatives
11.3. Tiepco
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product type Insights
11.3.4. Strategic Initiatives
Continue….
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Pad Mounted Switchgear Market in-Depth Analysis 2018-2026 by Top Key Players: G&W Electric, Tiepco, Hubbel Inc, Eaton Corp
A closer look at the overall Pad Mounted Switchgear business scenario presented through self-explanatory charts, tables, and graphics images add greater value to the study.