The global pad mounted switchgear market is anticipated to grow significantly at a CAGR of 5.7% over the forecast period (2022-2028). The players operating in the pad mounted switchgear market are contributing to fulfill the growing demand of the global pad mounted switchgear market by adoptiong marketing strategies such as new product launch, business expansion and collaboration. For instance, in September 2021 in April 2021, EPI has received orders to design and develop the first 10,000-amp NEMA 3R bussed secondary pad mounted enclousers for use in the CPSB Energy grid. NEMA 3R Secondary Bussed Enclosures are a part of group of electrical distribution products commonly referred to as ’Switchgear’, which are predominantly used at the point of ‘ Main Electrical Entry’ on a large energy use buildings. Moreover, in February 2020, Eaton, and Abunayyan has formed a joint venture named Eaton Arabia to make low and medium voltage switchgear in the Middle East. Further, in January 2020, C&S Electric has acquired by Siemen to create the India’s second largest player in the low voltage switchgear market. Moreover, both the company focusing on exports of low voltage switchgear and will achieve a significant thrust in the coming years as a results of a consolidation in the industry.
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COVID-19 pandemic had negatively impacted the growth of the global pad-mounted switchgear market.. The shutdown of large industries globally had restricted the use of pad-mounted switchgear, along with a shortage of labor and raw material supply chain disruption has impacted the regular maintenance and operation of the pad-mounted switchgear market. The growth in the market can be witness with further rise in electrification projects, with several government initiatives in distribution infrastructure to meet the growing electricity demand that will increase the demand for pad-mounted switchgear in grid systems.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Pad Mounted Switchgear Market– Segmentation
By Medium
- Air
- Gas
- Fluid
- Solid
By Voltage
- 15kV
- 15–25 kV
- 25–38 kV
By Application
- Industrial
- Residential
- Commercial
Global Pad Mounted Switchgear Market by Region
North America
- US
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global pad mounted switchgear market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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