Pad-Mounted Switchgear - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Pad-Mounted Switchgear Market is accounted for $5.20 billion in 2018 and is expected to reach $9.17 billion by 2027 growing at a CAGR of 6.5% during the forecast period. While the factors like increasing development in T&D infrastructure and need for upgrading the aging power infrastructure are driving the growth of the market. However, high installation cost is hampering the market growth.
A padmount or pad-mounted transformer is a ground mounted electric power delivery transformer in a locked steel cabinet mounted on an existing pad. Since all energized connection points are securely enclosed in a grounded metal housing, a padmount transformer can be installed in places that do not have room for a fenced enclosure.
Based on Standard, IEC segment is likely to have a huge demand due to increasing adoption of pad-mounted switchgears can be attributed to stringent regulations and requirements to meet network reliability and stability demands. By geography, Europe is likely to have a huge demand due growing demand for underground distribution and its preference for the overhead lines in many parts of the region are the driving factors for the growth of pad-mounted switchgear market.
Some of the key players in Global Pad-Mounted Switchgear market include ABB, AZZ, Beijing Kylin Power & Technology, Eaton, Electronic & Electrical Industries Corporation, Entec, Federal Pacific, G&W Electric, Hubbell, KDM Steel, Park Detroit, Powell, S&C Electric, Scott Engineering, Switchgear Power Systems, Tiepco and Trayer Switchgear.
• Institute of Electrical and Electronics Engineers (IEEE)
• International Electrotechnical Commission (IEC)
• Solid Dielectric
• Gas Insulated
• Air Insulated
• 15–25 kV
• 25–38 kV
• Above 35 kV
• Up to 15 kV
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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