The global Air Insulated Switchgear Market Size is expected to grow from an estimated USD 67.3 billion in 2024 to USD 85.9 billion by 2029, at a CAGR of 5.0% during the forecast period.
The air insulated switchgear market is poised for substantial growth during this period, primarily due to the development of power distribution infrastructure in response to the growing demand for electricity. Furthermore, the expansion of renewable energy-based capacity and increased investments in industrial production are likely to drive the demand for AIS.
A surge in infrastructure development demand, attributed to factors such as rising population, industrialization, and urbanization, has been significant. The infrastructure development industry offers promising prospects for air-insulated switchgear (AIS) owing to escalating electricity demand and robust financial backing for expanding power plants.
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Air insulated switchgear (AIS) is a crucial component in the transmission and distribution of electrical energy. It is an auxiliary distribution unit that disperses the electrical energy of the main transmission unit fed by a large distribution transformer. The AIS adopts air as the insulation media, with a designed voltage ranging from 11KV to 36KV for medium voltage power distribution systems. It plays a controlling and protecting role in the power system, ensuring the safe and reliable distribution of electrical energy. The AIS is a secondary power distribution device and is a medium voltage switchgear that redistributes the power of a primary power distribution device that is powered by a high voltage distribution transformer. It is widely used in power distribution stations and compact substations in load centers such as residential areas, high-rise buildings, large public buildings, and factory enterprises.
High voltage segment to occupy majority of AIS market share.
During the forecast period, the high voltage segment, categorized by voltage, is expected to secure a dominant market share. High-voltage air insulated switchgears, operating high (above 36 kV), are crucial in transmission, heavy industries, mining, railways, and commercial infrastructures. The high voltage air insulated switchgear includes dead tank circuit breakers and live tank circuit breakers. These switchgears find application primarily in power transmission over long distances. AIS are used at transmission substations and power generation substations. Typically placed outdoors due to space requirements, they consist of circuit breakers, isolators, transformers, and bus bars. Faulty tripping is rare, and these switchgears often remain ON for extended periods. They play a vital role in renewable power transmission and medium-voltage substations. As electrification and renewable integration are on the rise, the demand for high-voltage switchgear, especially automated and smart ones for smart grids, is expected to surge during the forecasted period.
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Regional Analysis
North America is anticipated to hold the third-largest market share in the global air insulated switchgear market encompassing the US, Canada, and Mexico. With the US and Canada jointly contributing approximately 92.8% to North America’s Air Insulated Switchgear Market in the same year, the region boasts robust trade ties and substantial foreign investments. With a combined population of nearly 530 million and an economy representing over one-quarter of the world’s GDP, North America faces substantial power demands, leading to increased investments in fortifying and modernizing its transmission and distribution utilities.
The region is currently undergoing a transformative phase in its utilities sector, characterized by a shift toward digital operational strategies focusing on decentralization, digitization, and decarbonization of power systems. Aging power infrastructures, with nearly 72% of the US power infrastructure beyond 25 years of service, pose blackout risks, prompting active government initiatives to upgrade and replace these structures for enhanced grid reliability.
Key Market Players
Key players in the global Air Insulated Switchgear Market include ABB (Switzerland), General Electric (US), Siemens (Germany), Schneider Electric (France), and Eaton (Ireland).