Global Air Insulated Switchgear Market size and share is currently valued at USD 67.17 billion in 2024 and is anticipated to generate an estimated revenue of USD 98.14 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 4.9% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Market Overview:
The air-insulated switchgear (AIS) market plays a critical role in the power distribution sector, offering a cost-effective and reliable solution for medium and high-voltage electrical systems. AIS systems use air as the primary insulating medium, providing safe and efficient power distribution for utilities, industrial facilities, and commercial buildings.
AIS technology is valued for its simplicity, ease of maintenance, and environmental friendliness compared to gas-insulated alternatives. As the global demand for energy grows, coupled with infrastructure modernization and the integration of renewable energy sources, the AIS market is set to expand steadily in the coming years.
Market’s Growth Drivers:
Increasing Demand for Reliable Power Distribution
The growing need for uninterrupted and reliable electricity supply in urban and industrial settings is driving the adoption of AIS systems, which are known for their robust performance in diverse operating environments.
Infrastructure Modernization and Grid Expansion
Developing economies are focusing on upgrading aging power infrastructure and expanding grids to support growing energy demands. AIS systems are often chosen for these projects due to their cost-effectiveness and ease of deployment.
Rise in Renewable Energy Integration
As renewable energy generation increases, the demand for flexible and efficient power distribution systems grows. AIS technology supports the integration of variable energy sources like solar and wind into the grid.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
Major Players in Air Insulated Switchgear Market:
- General Electric (US)
- Siemens (Germany)
- Schneider Electric (France)
- Mitsubishi Electric Corporation (Japan)
- Eaton Corporation (Ireland)
- Toshiba (Japan)
- GE Vernova
- Larsen & Toubro (India)
- CG Power and Industrial Solutions Ltd. (India)
- Elatec Power Distribution (Germany)
- JST Power Equipment (US)
- Epe Malaysia (Malaysia)
- Alfanar Group (Saudi Arabia)
- Hitachi Energy (Japan)
Recent Developments in the Air Insulated Switchgear Industry:
- April 2022: Schneider Electric Launches EasySet MV Air-Insulated Switchgear
Schneider Electric introduced the “EasySet MV air-insulated” switchgear, a compact and modular solution for medium voltage (MV) primary distribution. This indoor switchgear leverages vacuum circuit breaker technology and offers ease of operation, monitoring, and maintenance, catering to the evolving electrical distribution needs of modern systems. - January 2023: PFIFFNER Group Introduces SF6-Free High Voltage AIS Circuit Breaker
PFIFFNER Group, a Switzerland-based specialist in transmission and distribution components, unveiled a high-voltage air-insulated switchgear (AIS) circuit breaker for substations. Using SF6-free and F-gas-free insulation media, this innovation sets a new benchmark for sustainable and safe electrical grid operations. - April 2023: Eaton Acquires Stake in Jiangsu Ryan Electrical Co. Ltd.
Eaton announced the acquisition of a 49% stake in Jiangsu Ryan Electrical Co. Ltd., a Chinese manufacturer of power distribution and sub-transmission transformers. This strategic move strengthens Eaton’s position in the Chinese market and enhances its ability to deliver advanced power distribution solutions, including air-insulated switchgear.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The Air Insulated Switchgear Market segmentation divides the market into several segments. The industry segmentation is primarily based on product type, application, end-use, and geographic factors. Besides, the research study covers several sub-segments of the market. An in-depth examination of each market segment and sub-segment has been provided, covering the industry size, growth prospects, industry drivers, and challenges. The detailed market segmentation helps stakeholders identify the diverse needs of different consumer groups in the market. Also, it pinpoints opportunities for targeted marketing and product development strategies.
Air Insulated Switchgear Market, Installation Outlook (Revenue – USD Billion, 2019-2032)
- Indoor
- Outdoor
Air Insulated Switchgear Market, Voltage Outlook (Revenue – USD Billion, 2019-2032)
- Low
- Medium
- High
Air Insulated Switchgear Market, Application Outlook (Revenue – USD Billion, 2019-2032)
- Transmission & Distribution Utilities
- Industrial
- Commercial & Residential
- Transportation
- Others
The air-insulated switchgear market is poised for steady growth, driven by the increasing need for reliable power distribution, infrastructure upgrades, and the integration of renewable energy sources. With advancements in smart technologies and compact designs, AIS systems are well-positioned to address the evolving demands of modern power networks while promoting sustainability and efficiency.