The 3 kV–36 kV segment led the air insulated switchgear market in 2016 and is expected to grow at the fastest rate during the forecast period, owing to the increasing demand of air insulated switchgear in medium voltage applications. These air insulated switchgear are majorly used for applications such as power generation, infrastructure & transportation, manufacturing & processing, and distribution sector. This segment is expected to create new revenue pockets for the air insulated switchgear market during the forecast period.
With regard to the application segment, transmission & distribution segment is expected to be the fastest growing market from 2017 to 2022. The growth in demand for the reliable delivery of electric power has led to an increase in investment in the transmission & distribution infrastructure, thereby resulting in demand for AIS. Moreover, the rise in energy consumption and electric network expansion projects can further boost the market in transmission & distribution segment.
In this report, the air insulated switchgear market has been analyzed with respect to six regions, namely, Asia-Pacific, Europe, North America, the Middle East, South America, and Africa. Asia-Pacific is expected to dominate the global air insulated switchgear market, owing to increasing expenditure in T&D networks and presence of manufacturing facilities in the region. China is expected to dominate the air insulated switchgear market in the Asia-Pacific region.