Please Wait.....
Report
Asia-Pacific Air-Insulated Switchgear - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2020 - 2029
Market Report I 2024-02-17 I 110 Pages I Mordor Intelligence
The Asia-Pacific Air-Insulated Switchgear Market size is estimated at USD 2.47 billion in 2024, and is expected to reach USD 3.43 billion by 2029, growing at a CAGR of 7.20% during the forecast period (2024-2029).
Key Highlights
-Over the medium term, increasing electricity generation and consumption, along with network expansions to accommodate the infrastructure development projects and integration of renewables into the grid, are expected to drive the air-insulated switchgear market during the forecast period.
-On the other hand, stringent environmental and safety regulations related to the air-insulated switchgear market are restraining factors.
-Nevertheless, government-owned companies in the Asia-Pacific region is expected to invest highly to meet the growing energy demand and create several future opportunities for the air-insulated switchgear market.
-China is expected to dominate the market, with the majority of the demand coming from the country's investment in electrification.
Asia-Pacific Air-Insulated Switchgear Market Trends
Growing Focus on Infrastructure and Renewable Energy Sources Drives the Market Growth
- The switchgear enclosure may make use of various insulators with different dielectric properties or other characteristics. The least expensive insulation option is air. It has a low dielectric strength. Air-insulated devices are typically larger than devices insulated by other media. It is extensively used in power distribution facilities and small sub-stations in energy storage, including residential neighborhoods, skyscrapers, sizable public buildings, and industrial complexes.
- Developing countries, like India and China, are extensively upgrading and installing new transmission lines and distribution networks to uphold the infrastructural developments, which is expected to be a major driving factor of the air-insulated switchgear market.
- The new power generation capacity additions in the Southeast Asian countries, such as Indonesia, Malaysia, the Philippines, Thailand, etc., are expected to boost the demand for the air-insulated switchgear market.
- The rapid development of electricity in rural areas and expanding energy output have increased the need for a wide range of electrical equipment.
- Moreover, according to International Renewable Energy Agency (IRENA) statistics, the renewable energy capacity in Asia amounted to approximately 1,630 GW in 2022, a significant increase from 2013, when the renewable energy capacity in Asia was approximately 553 GW. The renewable energy has grown in recent decades due to falling renewable technology prices and concerns about the environmental impact of more traditional sources.
- In October 2023, The Power Transmission & Distribution Business of L&T Construction secured an order to establish a 765kV Transmission Line in Gujarat, India. The available power transfer capacity from the inter-state transmission system will increase.
- Thus, increased regional government goals for bringing power to rural areas and increased investment in this industry are the major market trends predicted to drive market during the forecast period.
China to Dominate the Market
- China is one of the major countries in Asia-Pacific with inadequate electricity distribution network. The problem of lack of T&D networks is mainly concentrated in remote and rural areas. To electrify these areas, China investing heavily in building transmission line networks.
- The expansion of these networks is expected to register significant growth, during the forecast period. As most of this expansion is expected to take place in rural areas, utility companies are expected to prefer AIS over GIS, as they are a cheaper option, due to the lower cost of land in these areas.
- China is progressing toward revolutionizing energy generation to embrace high-efficiency and cleaner digital technologies. The country has introduced several new electricity transmission and distribution projects across the country with the increase in electricity generation.
- According to the International Energy Agency (IEA), China will account for 40% of global renewable capacity by 2024. China has committed to reaching net zero emissions by 2060, an ambitious goal matched by enormous investments in mega-projects that are reshaping the nation's energy system.
- According to the International Renewable Energy Agency (IRENA), in 2022, China's installed renewable energy capacity reached 1,160.8 Gigawatt (GW), a 13% increase over 2021.
- China is extensively upgrading and installing new transmission lines and distribution networks to uphold infrastructural developments, which is expected to be a significant driver of the Asia-Pacific air-insulated switchgear market.
Asia-Pacific Air-Insulated Switchgear Industry Overview
The Asia-Pacific Air Insulated Switchgear market is semi fragmented. Some of the key players in this market include ABB Ltd, Siemens AG, General Electric Company, Schneider Electric SE, and Mitsubishi Electric Corporation.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD, till 2028
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.1.1 Increasing Electricity Generation and Consumption
4.5.1.2 Integration of Renewables into the Grid
4.5.2 Restraints
4.5.2.1 Stringent Environmental and Safety Regulations
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitute Products and Services
4.7.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Voltage
5.1.1 Low-Voltage
5.1.2 Medium-Voltage
5.1.3 High-Voltage
5.2 End User
5.2.1 Commercial
5.2.2 Residential
5.2.3 Industrial
5.3 Geography
5.3.1 China
5.3.2 India
5.3.3 Japan
5.3.4 Rest of Asia Pacific
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 ABB Ltd.
6.3.2 Schneider Electric SE
6.3.3 General Electric Company
6.3.4 Toshiba Corporation
6.3.5 Mitsubishi Electric Corporation
6.3.6 Siemens AG
6.3.7 Larson & Turbo Limited
6.3.8 Bharat Heavy Electricals Limited
6.3.9 Eaton Corporation PLC
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Government-owned Companies in the Asia-Pacific, Middle East & Africa Regions are Expected to Invest Highly to Meet the Growing Energy Demand
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security