Pad-Mounted Switchgear Market size reached USD 6.1 billion in 2021 and is estimated to reach USD 8.7 billion in 2029 and the market is estimated to grow at a CAGR 4.5%.

Pad-mounted switchgear is specially designed to meet the isolating and switching requirements of electrical distribution system along with pre-engineered switching configurations. The pad-mounted switchgear is designed according to the standards, which are available to cover multiple situations such as loop feed, radial feed, and manual primary-selector switching. These switchgears provide enhanced security to switches and fuses components from various environmental hazards.

To have an edge over the competition by knowing the market dynamics and current trends of “Pad-Mounted Switchgear Market”, request for Sample Report here

The key factors propelling the growth of the Pad-Mounted Switchgear market include the increasing development in T&D infrastructure, need for upgrading the aging power infrastructure, high reliability of underground distribution system, and the rising adoption of distribution automation to achieve highly reliable and safe power transmission. In this era of technological innovation and advancements, the entire business of utilities is evolving rapidly to enhance operational efficiency. Pad-mounted switchgear is a compact, self-contained system that is ideal for medium-voltage and critical loads. Its applications include data centers, production facilities, healthcare facilities, and production facilities, which require highly dependable power for optimum and continuous operations. It is integrated with automation, which provides protection against loss of source health, overcurrent, and fault protection for critical loads. Moreover, the pad-mounted switchgear switches can be operated either manually or via distribution automation to meet end-user requirements. Some of the other benefits of pad-mounted switchgear technology includes cross bus at the top of enclosure for ease of flexible and inspection modular design, which promotes life cycle support, including field upgrades and repairs. Therefore, such upgradations in features of pad-mounted switchgears is accelerating the future growth of the market. However, the installation cost of pad-mounted switchgear is comparatively high, that might hinder the growth of the market.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Based on type, the market is segmented into air insulated, gas insulated, solid dielectric, and others. Among these, the solid dielectric segment is projected to grow at a higher CAGR during the forecast period. SF6 is a major component of gas insulated switchgears, which emits greenhouse gas with global warming potential. Multiple utilities are planning to replace the gas insulated switchgears with alternatives. Solid dielectric switchgears use epoxy insulation medium, which is an alternative for SF6. Therefore, replacement and restriction plans on SF6 is expected to boost the growth of soli dielectric segment in the market.

On the basis of standard, the market is segmented into IEC, IEEE and other standards. Among these, the IEC segment is expected to grow at a higher CAGR during the forecast period. This is attributed to the stringent requirements and regulations to meet stability and reliability demands. Moreover, widespread adoption of standard in Europe is also proliferating the growth of IEC segment in the market.
Based on application, the market is segmented into industrial, commercial, and residential. Among these, the industrial segment is expected to grow at a higher CAGR during the forecast period. Industrial loads are high-priority loads and face major revenue loss in event of power loss. Hence, the demand of continuous and reliable supply is driving the utilities to adopt underground distribution system progressively, driving the demand for the market.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Customization here

On the basis of Region, Europe is anticipated to lead the market during the forecast period. Underground distribution is most common form of distribution in Europe. Multiple countries such as Netherlands, have completely deployed distribution network underground due to numerous advantages including, low fault rate and enhanced reliability. Moreover, the region is progressively focusing upgradation and replacement of aging infrastructure, converting overhead lines into underground lines and enhanced grid reliability. Hence, proliferating the growth of market in the region.

The major players in the market include Eaton Corporation Plc, Hubbell Inc, G&W Electric Co., Federal Pacific Equipment Inc, S&C Electric Co, ABB Ltd, Powell, Electronic & Electrical Industries Corporation (EEIC), KDM Steel, and Switchgear Power Systems LLC among others.
Pad-Mounted Switchgear market has been segmented based on Standard, Type, Voltage, Application, and Key Region. Based on Standard, the market is segmented into IEC, EEE, and Others. Based on Type, the market is segmented into Air Insulated, Gas Insulated, Solid Dielectric, and Others. Based on Voltage, the market is segmented into Up to 15kV, 15-25kV, and 25-38Kv. Based on Application, the market is segmented into Industrial, Commercial, and Residential.

For detailed scope of the “Pad-Mounted Switchgear Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is the global Pad-Mounted Switchgear market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global Pad-Mounted Switchgear market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Pad-Mounted Switchgear market?
  • What are the applications areas in the global Pad-Mounted Switchgear market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

 

Report Coverage	Details
Market Revenues (2021)	USD 6.1 billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Value (USD Billion)
Market Segment	By Standard, By Type, By Voltage, By Application, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Eaton Corporation Plc, Hubbell Inc, G&W Electric Co., Federal Pacific Equipment Inc, S&C Electric Co, ABB Ltd, Powell, Electronic & Electrical Industries Corporation (EEIC), KDM Steel, Switchgear Power Systems LLC among others.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Pad-Mounted Switchgear Market by Standard

• • IEC
  • IEEE
  • Other Standards

Global Pad-Mounted Switchgear Market by Type

• • Air Insulated
  • Gas Insulated
  • Solid Dielectric
  • Others

Global Pad-Mounted Switchgear Market by Voltage

• • Up to 15 kV
  • 15–25 kV
  • 25–38 kV

Global Pad-Mounted Switchgear Market by Application

• • Industrial
  • Commercial
  • Residential

Global Pad-Mounted Switchgear Market by Region

• • North America Pad-Mounted Switchgear Market
    Option 1: As a part of the free 25% customization
    • By Standard
    • By Type
    • By Voltage
    • By Application
    • US All-Up Pad-Mounted Switchgear Market
    • Canada All-Up Pad-Mounted Switchgear Market
  • Europe Pad-Mounted Switchgear Market
    Option 2: As a part of the free 25% customization
    • By Standard
    • By Type
    • By Voltage
    • By Application
    • UK All-Up Pad-Mounted Switchgear Market
    • Germany All-Up Pad-Mounted Switchgear Market
    • Rest of Europe All-Up Pad-Mounted Switchgear Market
  • Asia-Pacific Pad-Mounted Switchgear Market
    Option 3: As a part of the free 25% customization
    • By Standard
    • By Type
    • By Voltage
    • By Application
    • China All-Up Pad-Mounted Switchgear Market
    • India All-Up Pad-Mounted Switchgear Market
    • Rest of Asia-Pacific All-Up Pad-Mounted Switchgear Market
  • RoW Pad-Mounted Switchgear Market
    Option 4: As a part of the free 25% customization
    • By Standard
    • By Type
    • By Voltage
    • By Application
    • U.A.E. All-Up Pad-Mounted Switchgear Market
    • Brazil All-Up Pad-Mounted Switchgear Market
    • Rest of World (remaining countries on LAMEA) All-Up Pad-Mounted Switchgear Market

Leading Market Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • Eaton Corporation Plc
  • Hubbell Inc
  • G&W Electric Co.
  • Federal Pacific Equipment Inc
  • S&C Electric Co
  • ABB Ltd
  • Powell
  • Electronic & Electrical Industries Corporation (EEIC)
  • KDM Steel
  • Switchgear Power Systems LLC