Research and Markets: Global Pad-Mounted Switchgear Market by Type, Voltage Rating, Application – Opportunities, Trends & Forecasts to 2020 for the $6.3 Billion Industry
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/6ws2d6/padmounted) has announced the addition of the “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” report to their offering.
Pad-mounted switchgear market is expected to reach a value of USD 6.3 billion by 2020, at a CAGR of 9.1% during 2015-2020
Increasing T&S infrastructure investments along with the rising trend towards placing electrical lines underground is driving the demand for pad-mounted switchgears across the world. Pad-mounted switchgear is considered to be a vital protection component in present day underground distribution networks which are more reliable as compared to overhead lines. North America and Europe are investing heavily towards upgrade of their aging T&D infrastructure. Globally all countries are moving towards adopting underground distribution networks as they are less susceptible to lightning and have low maintenance costs.
Air insulated pad-mounted switchgear dominates the global market:
Air insulated pad-mounted switchgear is the largest market segment nearly holding half of the total market in 2014. This is attributed to its economic viability. In areas with extensive space, air insulated switchgear is the primary choice due to its low cost. Air insulated pad-mounted switchgear market is further segmented by its voltage rating. Air insulated pad-mounted Switchgear at 16-25 kV voltage held the largest market share by value in 2014 followed by 0-15 kV air insulated pad-mounted switchgears.
Asia-Pacific: The fastest growing region in pad-mounted switchgear market
Asia-Pacific is the fastest growing market for pad-mounted switchgear. Growing trend towards underground distribution is driving the market for pad-mounted switchgears in the region. Massive T&D network expansion and industrialization projects in Asia-Pacific countries are influencing the growth in the region.
Breakdown of Primaries:
The tier of the companies is defined on the basis of their total revenue, as of 2013: Tier 1 greater than USD 10 billion, Tier 2 = USD 1 billion to USD 10 billion and Tier 3 less than USD 1 billion
Some of the key players in the industry have been profiled with their recent developments and other strategic activities. These include Eaton Corporation plc (Ireland), G&W Electric (U.S.), Federal Pacific (U.S.), Hubbel Incorporated (U.S.), and S&C Electric Company (U.S.) among others.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Pad-Mounted Switchgear Market, By Type
8 Pad-Mounted Switchgear Market, By Voltage
9 Pad-Mounted Switchgears Market, By Application
10 Pad-Mounted Switchgears Market, By Region
11 Competitive Landscape
12 Company Profiles
– Eaton Corporation Plc.
– Entec Electric & Electronic Co.
– Federal Pacific
– G&W Electric
– Hubbel Incorporated
– Power Grid Solution Inc.
– S&C Electric Company
– Trayer Engineering Corporation
For more information visit http://www.researchandmarkets.com/research/6ws2d6/padmounted
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Sector: Gas, Electricity