Pad-Mounted Switchgear Market Analysis, Growth, Size, Share, Trends, Forecast and Demand to 2020


Posted July 19, 2017 by Dsiddhant

Global pad-mounted switchgear market is projected to grow at a CAGR of 9.1% during 2015-2020, to reach a value of USD 6.3 Billion by 2020.

 
Pad-mounted switchgear is used in underground distribution system to ensure continuous and reliable electricity distribution. It increases the efficiency and reliability of the electrical supply with the advantage of being less susceptible to lightning and provides easy diagnosis of faults.

Factors driving the pad-mounted switchgear market include increase in T&D infrastructure investment, growing trends toward undergrounding to ensure efficient & reliable power distribution systems.

Global pad-mounted switchgear market stands at USD 3.7 Billion in 2014, and is expected to grow at a CAGR of 9.1% during 2015-2020.

Pad-mounted switchgear plays a crucial role in switching the loads in these electricity distribution systems.

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Applications of pad-mounted switchgear are not limited to any single industry. There is scope for their usage in every industry in electricity distribution. All industries require uninterrupted, highly dependable power for continuous, optimum operations. This will lead to demand for reliable, underground distribution systems.

The report Pad-Mounted Switchgear Market by Type (Air insulated, Gas insulated, & others), by Voltage Rating (0-15kV, 16-25kV, & above 25kV), by Application (Industrial, Commercial, & Residential) & by Region – Global Trends & Forecast to 2020, defines and segments the global Pad-mounted Switchgear market with an analysis and forecast of the market size.

The report segments pad-mounted switchgear market on the basis of its major applications which include industrial, commercial and residential segments. Commercial segment is the fastest growth markets for pad-mounted switchgears.

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The leading players in the Pad-mounted Switchgear market include Eaton Corporation plc(Ireland), G&W Electric (U.S.), Hubbel Incorporated(U.S.), S&C Electric Company (U.S.), and Federal Pacific (U.S.) among others.

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Issued By MarketsandMarkets
Country United States
Categories Business , Electronics , Energy
Tags air insulated switchgear , circuit breakers , electrical switchgear , gas insulated switchgear , pad mounted switchgear , switch gears , switchgear , voltage switchgear
Last Updated July 19, 2017