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.
Browse 75 market data tables and 39 figures spread through 128 pages and in-depth TOC on “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”
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Pad-mounted Switchgear market is expected to grow from an estimated USD 4.07 Billion in 2015 to USD 6.3 Billion by 2020, at a CAGR of 9.1% from 2015 to 2020. Increasing T&D infrastructure investments and growing trend toward undergrounding are driving the Pad-mounted Switchgear market for across the globe.
Economic viability of Air insulated Pad-mounted Switchgear increases its market penetration
Amongst the two major type of pad-mounted switchgears, air insulated pad-mounted switchgear is more used due to its economic viability. It currently holds nearly half of the total pad-mounted switchgear market. In areas with extensive space, air insulated switchgears are the primary choice due to its low construction costs. In this report, the air insulated switchgears have been further segmented by voltage ranges into 0-15 kV, 16-25KV, and above 25 kV..
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Increasing preference for industrial pad-mounted switchgear
The report also segments pad-mounted Switchgear market on the basis of its application, which includes industrial, commercial and residential. Industrial sector requires highly reliable power supply for continuous, optimum operations, leading to demand for uninterrupted underground distribution systems. In the coming years, pad-mounted switchgear in the industrial segment is expected to grow at a higher CAGR of 9.1% during the forecast period.
The busbar trunking system industry is fragmented and offers several opportunities for consolidation and growth through an increase in economies of scale. The industry has low entry and exit barriers, which acts as a driver for the market. Top players of the busbar trunking system market are General Electric (U.S.), Eaton Corporation Plc. (Ireland), Schneider Electric SE (France), Legrand (France), and Siemens AG (Germany)
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