Global Pad-Mounted Switchgear Market Trends & Forecasts to 2020 - Eaton, G&W Electric, Federal Pacific, Hubbel & S&C Electric Dominate the $6.3 Billion Market
DUBLIN, December 3, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/t4lxld/padmounted) has announced the addition of the "Pad-Mounted Switchgear Market by Type (Air insulated , Gas insulated, & Others), by Voltage Rating (0-15kV, 16-25kV, & Above 25kV), by Application (Industrial, Commercial, & Residential) & by Region - Global Trends & Forecast to 2020" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769)
Global pad-mounted switchgear market is projected to grow at a CAGR of 9.1% during 2015-2020, to reach a value of USD 6.3 Billion by 2020
This growth is attributed to increasing T&D infrastructure investment and high reliability of underground distribution systems.
Applications of pad-mounted switchgear are not limited to any single industry. There is scope for their usage in every industry in electricity distribution. All industries require uninterrupted, highly dependable power for continuous, optimum operations. This will lead to demand for reliable, underground distribution systems. Pad-mounted switchgear plays a crucial role in switching the loads in these electricity distribution systems.
The report segments pad-mounted switchgear market on the basis of its major applications which include industrial, commercial and residential segments. Commercial segment is the fastest growth markets for pad-mounted switchgears.
Solid dielectric type pad-mounted switchgear is currently fast growing technology introduced by G&W Electric (U.S.) and is considered as the best alternative when compared to conventional oil insulated pad-mounted switchgears. Solid dielectric insulations make these switchgears suitable for wet and corrosive environment, vertical or horizontal mounting, and use in any altitude. Also, since epoxy is inert and, environmental friendly, no EPA usage restrictions are implied making it easily acceptable in the market.
Europe is the leading market for pad-mounted switchgear in 2014. The region is currently focusing on upgrade and replacement of its aging infrastructure, improving grid reliability, and conversion of overhead lines into underground cables driving the demand for underground distribution equipment including pad mounted switchgears. U.K. and France are the fastest growth markets in the region with CAGR of 8.2% and 8.9% respectively, during 2015-2020. The figure below shows the European pad-mounted switchgear market segmented on the basis of countries.
Pad-mounted switchgear market growth is limited by the high initial cost requirement especially for installation of concrete foundation, cable terminations, and vault size. Undergrounding costs ultimately increase electricity price. Another restraint associated with underground distribution is surface contamination that includes dust, dirt, and wildlife.
Some of the leading players in the pad-mounted switchgear market include Eaton Corporat5ion plc (Ireland), G&W Electric (U.S), Federal Pacific (U.S.), Hubbel Incorporated (U.S.), and S&C electric Company (U.S.) among others.
New Product launch and Contracts & agreements were the most commonly used strategy by top players in the market constituting nearly half of the total developments share in 2014. It was followed by, expansion and other developments.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Pad-Mounted Switchgear Market, By Type
8 Pad-Mounted Switchgear Market, By Voltage
9 Pad-Mounted Switchgears Market, By Application
10 Pad-Mounted Switchgears Market, By Region
11 Competitive Landscape
12 Company Profiles
- Eaton Corporation Plc.
- Eeic
- Entec Electric & Electronic Co.
- Federal Pacific
- G&W Electric
- Hubbel Incorporated
- Power Grid Solution Inc.
- S&C Electric Company
- Tiepco
- Trayer Engineering Corporation
For more information visit http://www.researchandmarkets.com/research/t4lxld/padmounted
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Laura Wood
+353-1-481-1716
[email protected]
SOURCE Research and Markets
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article