Global Air Insulated Switchgear Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Voltage Level;

Low Voltage, Medium Voltage and High Voltage.

By End User;

Power Utilities, Industrial and Commercial and Residential.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn787219482 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Air Insulated Switchgear Market (USD Million), 2021 - 2031

In the year 2024, the Global Air Insulated Switchgear Market was valued at USD 8,863.58 million. The size of this market is expected to increase to USD 11,742.60 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.1%.

The global air insulated switchgear market is experiencing heightened demand driven by several factors. There's a growing need for electricity in developed nations and rising electrification rates globally, boosting the deployment of air-insulated switchgear in power distribution stations and compact substations in densely populated areas like residential complexes and high-rise buildings. These switchgear solutions are also pivotal in rural areas, where space, weather, and environmental considerations are less restrictive.

Moreover, the escalating adoption of renewable energy sources such as wind and solar power necessitates reliable switchgear systems to efficiently integrate these sources into the power grid. Urbanization and industrialization further propel market growth by requiring the expansion and modernization of electrical distribution networks.

To meet stringent safety and environmental standards, industries are increasingly investing in modern switchgear solutions. This regulatory push, alongside the trend towards hybrid switchgear-based substations combining air insulated (AIS) and gas insulated (GIS) technologies, underscores the market's trajectory towards significant expansion. In essence, the global air insulated switchgear market is poised for substantial growth, driven by increasing electricity demand, renewable energy integration, urbanization trends, technological advancements, and regulatory imperatives.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Voltage Level
    2. Market Snapshot, By End User
    3. Market Snapshot, By Region
  4. Global Air Insulated Switchgear Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Electricity Demand
        2. Focus on Reliability
      2. Restraints
        1. Space Constraints
        2. Environmental Regulations
      3. Opportunities
        1. Technological Advancements
        2. Smart Grid Integration
        3. Focus on Sustainability
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Air Insulated Switchgear Market, By Voltage Level, 2021 - 2031 (USD Million)
      1. Low Voltage
      2. Medium Voltage
      3. High Voltage
    2. Global Air Insulated Switchgear Market, By End User, 2021 - 2031 (USD Million)
      1. Power Utilities
      2. Industrial
      3. Commercial and Residential
    3. Global Air Insulated Switchgear Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ABB Ltd
      2. Siemens AG
      3. Schneider Electric SE
      4. Larsen & Toubro Limited
      5. Alfanar Group
      6. Eaton Corporation PLC
      7. Unisun Electric Co. Ltd
      8. Mitsubishi Electric Corporation
      9. Elatec Power Distribution GmbH
      10. Tavrida Electric AG
  7. Analyst Views
  8. Future Outlook of the Market