Air Insulated Switchgear Market Size, Share & Growth (2022-27)

 

Market Overview:

During the forecast period of 2022–2027, the global air insulated switchgear market is anticipated to grow at a CAGR of more than 4%. The COVID-19 outbreak caused the global economy to slow down, which in turn caused a slowdown in industrial and commercial activity, impeding the expansion of the market for air-insulated switchgear. During the forecast period, factors including rising electricity demand in developed nations, a global electrification rate, and expanding electricity transmission and distribution infrastructure are anticipated to fuel the market for air-insulated switchgear. However, the use of gas-insulated switchgear (GIS) as an alternative to air-insulated switchgear is expected to restrain the market’s growth during the forecast period because air-insulated switchgear substations require high maintenance, which drives up operational costs.

Scope of the Report

The air insulated switchgear market report includes:

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