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Global Air-Insulated Switchgear Market Size is valued at USD 67.5 Bn in 2024 and is predicted to reach USD 112.1 Bn by the year 2034 at a 5.4% CAGR during the forecast period for 2025-2034.
Key Industry Insights & Findings from the Report:
Air-insulated switchgear (AIS) is a form of electrical switchgear that insulates the elements that transport current with air. This form of switchgear, which can be enclosed or open, is utilized in high-voltage applications. When air is used as an insulating medium, larger voltages and currents can be handled without the risk of electrical arcing. In response to environmental concerns, many countries around the world have enacted laws and regulations to minimize the use of hydrocarbons in electricity generation, which is projected to expand the growth of the global air-insulated switchgear market.
Significant investment by developing countries in electrifying rural areas, as well as increasing network development, have fueled the growth of the worldwide air-insulated switchgear market. Furthermore, the growing demand for resilient and highly reliable electric networks across various business verticals has fueled market expansion.
However, The COVID-19 pandemic reduced worldwide economic growth, which slowed industrial and commercial activity, and hindered the air-insulated switchgear market development.
Furthermore, the use of gas-insulated switchgear (GIS) as an alternative to air-insulated switchgear is anticipated to hinder market growth during the projection period, as air-insulated switchgear substations require high maintenance, resulting in increased operational expenses.
The air-insulated switchgear market is segmented on the basis of voltage range, installation, and application. Based on voltage, the market is segmented as Low, medium, high. The installation segment includes indoor and outdoor. By application, the market is segmented into transmission & distribution, industrial, commercial & residential, transportation, and other applications.
The medium voltage category is expected to hold a major share in the global air-insulated switchgear market in 2024. It is intended to protect electrical equipment against excessive quantities of energy present in an electric field. This sort of switchgear, also known as an EMI filter, can help limit the amount of interference that electronic equipment experiences.
The transmission & distribution segment is projected to grow rapidly in the global air-insulated switchgear market due to the presence of a robust electrical grid network throughout major economies such as North America and Europe. This issue has resulted in increased demand for air-insulated switchgear from countries such as the United States, Canada, Mexico, China, Japan, and others, who have spent heavily in developing their power grid networks in recent years.
The Asia Pacific air-insulated switchgear market is expected to record an augmented market share in revenue shortly, owing to the rising demand for higher-voltage power distribution systems in growing markets such as China, India, Indonesia, Malaysia, and Thailand. Furthermore, rising investments in new power generation facilities and increased demand from end-use sectors are expected to boost growth in this region throughout the projection period. Increasing investments in the renewable energy industry in North America and aging power infrastructure will likely provide market participants with significant business prospects in the next years.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 67.5 Bn |
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Revenue forecast in 2034 |
USD 112.1 Bn |
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Growth rate CAGR |
CAGR of 5.4% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Billion, and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Voltage Range, Installation, And Application |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
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Competitive Landscape |
ABB, ltd., Schneider Electric, Siemens AG, General Electric Company, Eaton Corporation, PLC, Larsen & Toubro Limited, Toshiba Corporation, Crompton Greaves, Ltd., Elatec Power Distribution GmbH, Epe Power Switchgear Sdn. BHD, Efacec Power Solutions, Alfanar Group, Ormazabal, Zpeu, PLC., Tavrida Electric AG, C&S Electric Limited, Lucy Electric, Tepco Group, Arteche, Nissin Electric Co. Ltd., Kohl S.A R.L, Medelec, Matelec Group, Pars Tableuau, and Wenzhou Rockwell Transformer Co. Ltd. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Air Insulated Switchgear Market Snapshot
Chapter 4. Global Air Insulated Switchgear Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Voltage Range Estimates & Trend Analysis
5.1. by Voltage Range & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Voltage Range:
5.2.1. Low Voltage
5.2.2. Medium Voltage
5.2.2. High Voltage
Chapter 6. Market Segmentation 2: by Installation Estimates & Trend Analysis
6.1. by Installation & Market Share, 2024 & 2034
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Installation:
6.2.1. Indoor
6.2.2. Outdoor
Chapter 7. Market Segmentation 3: by Application Estimates & Trend Analysis
7.1. by Application & Market Share, 2024 & 2034
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Application:
7.2.1. Transmission & Distribution
7.2.2.Industrial
7.2.3.Commercial & Residential
7.2.4.Transportation
7.2.5.Others
Chapter 8. Air Insulated Switchgear Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Air Insulated Switchgear Market Revenue (US$ Million) Estimates and Forecasts by Voltage Range, 2021-2034
8.1.2. North America Air Insulated Switchgear Market Revenue (US$ Million) Estimates and Forecasts by Installation, 2021-2034
8.1.3. North America Air Insulated Switchgear Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
8.1.4. North America Air Insulated Switchgear Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.2. Europe
8.2.1. Europe Air Insulated Switchgear Market Revenue (US$ Million) Estimates and Forecasts by Voltage Range, 2021-2034
8.2.2. Europe Air Insulated Switchgear Market Revenue (US$ Million) Estimates and Forecasts by Installation, 2021-2034
8.2.3. Europe Air Insulated Switchgear Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
8.2.4. Europe Air Insulated Switchgear Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.3. Asia Pacific
8.3.1. Asia Pacific Air Insulated Switchgear Market Revenue (US$ Million) Estimates and Forecasts by Voltage Range, 2021-2034
8.3.2. Asia Pacific Air Insulated Switchgear Market Revenue (US$ Million) Estimates and Forecasts by Installation, 2021-2034
8.3.3. Asia-Pacific Air Insulated Switchgear Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
8.3.4. Asia Pacific Air Insulated Switchgear Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.4. Latin America
8.4.1. Latin America Air Insulated Switchgear Market Revenue (US$ Million) Estimates and Forecasts by Voltage Range, 2021-2034
8.4.2. Latin America Air Insulated Switchgear Market Revenue (US$ Million) Estimates and Forecasts by Installation, 2021-2034
8.4.3. Latin America Air Insulated Switchgear Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
8.4.4. Latin America Air Insulated Switchgear Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.5. Middle East & Africa
8.5.1. Middle East & Africa Air Insulated Switchgear Market Revenue (US$ Million) Estimates and Forecasts by Voltage Range, 2021-2034
8.5.2. Middle East & Africa Air Insulated Switchgear Market Revenue (US$ Million) Estimates and Forecasts by Installation, 2021-2034
8.5.3. Middle East & Africa Air Insulated Switchgear Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
8.5.4. Middle East & Africa Air Insulated Switchgear Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. ABB, ltd.
9.2.2. Schneider Electric
9.2.3. Siemens AG
9.2.4. General Electric Company
9.2.5. Eaton Corporation, PLC
9.2.6. Larsen & Toubro Limited
9.2.7. Toshiba Corporation
9.2.8. Crompton Greaves, Ltd.
9.2.9. Elatec Power Distribution GmbH
9.2.10. Epe Power Switchgear Sdn. BHD
9.2.11. Efacec Power Solutions
9.2.12. Alfanar Group
9.2.13. Ormazabal
9.2.14. Zpeu, PLC.
9.2.15. Tavrida Electric AG
9.2.16. C&S Electric Limited
9.2.17. Lucy Electric
9.2.18. Tepco Group
9.2.19. Arteche
9.2.20. Nissin Electric Co. Ltd.
9.2.21. Kohl S.A R.L
9.2.22. Medelec
9.2.23. Matelec Group
9.2.24. Pars Tableau
9.2.25. Wenzhou Rockwell Transformer Co. Ltd.
9.2.26. Other Prominent Players
Air Insulated Switchgear Market By Voltage Range
Air Insulated Switchgear Market By Installation
Air Insulated Switchgear Market By Application-
Transmission & Distribution
Transportation
Commercial & Residential
Industrial
Air Insulated Switchgear Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
