Air Insulated Switchgear Market Size Worth $ 98.14 billion by 2032 | CAGR: 4.9%

The global air insulated switchgear market size is expected to reach USD 98.14 billion by 2032, according to a new study by Polaris Market Research. The report “Air Insulated Switchgear Market Size, Share, Trends, Industry Analysis Report – By Installation (Indoor and Outdoor), Voltage, Application, and Region; Market Forecast, 2024–2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Increasing use of high-voltage air-insulated switchgear for applications such as heavy machinery, commercial buildings, grid stabilization, and transportation drives the global Air Insulated Switchgear Market growth. This high-voltage air-insulated switchgear provides safe, reliable, and efficient power distribution and management. In January 2024, Hitachi Energy shipped high-voltage gas-insulated switchgear weighing 64 tons from Switzerland. The company aims to promote sustainable energy by supplying dependable and efficient power distribution and transmission solutions, according to a statement released by the company.

The increasing electricity demand driven by population growth, which needs to expand and modernize power transmission, led to the demand for air-insulated switchgear. Also, government initiatives toward green energy required high-voltage air-insulated switchgear, further contributing to the Air Insulated Switchgear Market growth.

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Market players expanded their product portfolio to provide a range of air-insulated switchgear to cater to customer’s needs and stay ahead of the market competition. For instance, Alfanar Group has been actively developing its air-insulated switchgear (AIS) products and expanding its role in the power sector. One of their key products is the alfa12 air-insulated medium voltage metal-clad switchgear, designed to meet international standards for control and protection of medium-voltage power circuits. This product is commonly used in industrial, commercial, and utility installations. Alfanar's switchgear features advanced specifications, such as short-circuit withstand capability up to 31.5 kA and internal arc classification.

Air Insulated Switchgear Market Report Highlights

• In terms of installation, the outdoor segment is anticipated to witness higher growth during the forecast period due to the increasing expansion of the rural electrification projects
• The indoor segment accounted for a larger share in 2023, owing to increased urbanization and government initiatives toward sustainable energy
• Based on application, the transmission & distribution utilities segment held the largest revenue share in 2023, owing to the need for AIS systems to improve the effectiveness of power distribution networks.
• Asia Pacific is projected to register the highest growth during the forecast period, attributable to the rise in electric grid expenditure and smart grid technologies
• ABB; General Electric; Siemens; Schneider Electric; Toshiba; Alfanar Group; Hitachi Energy; Eaton Corporation; Mitsubishi Electric Corporation; Hubbell; Larsen & Toubro Limited; Linxon; GE Vernova; and ELATEC POWER DISTRIBUTION GmbH are a few global key market players.

Polaris Market Research has segmented the air insulated switchgear market report on the basis of installation, voltage, application, and region:

      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

      Air Insulated Switchgear Market, Regional Outlook (Revenue – USD Billion, 2019 – 2032)

• North America

• US
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa

Air Insulated Switchgear Market Report Scope