North America Pad-Mounted Switchgear Market Size, Share & Industry Trends Analysis Report By Type (Gas-insulated, Air-insulated, Solid-Dielectric and Others), By Voltage, By Application (Industrial, Commercial), By Country and Growth Forecast, 2023 - 2029
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Market Report Description
The North America Pad–Mounted Switchgear Market would witness market growth of 4.9% CAGR during the forecast period (2023-2029).
Pad-mounted switchgear makes it easier to transmit energy, integrate power-producing facilities into the grid, and safeguard the distribution system by disconnecting it in dangerous circumstances. The establishment of an electrical substation in the load center is crucial. Building a substation near the load center is cost-effective and advantageous in many ways, so it is a good idea. The quality of voltage control improves when the length of the feeders is decreased and as a result of the shorter feeders. Yet lack of space is the biggest hindrance to installing a substation at the load center.
The principal load center of any site is often located in an exceedingly populated area where there is very little land available to establish a traditional electrical substation. This is the case in almost every location. Pad-mounted switchgear technology can be used to overcome this issue. With this kind of switchgear, all the required parts can be assembled in a relatively small area. GIS is a type of enclosed switchgear made of metal. It shows that all the electrical switchgear's constituents are shielded by gas-tight metal enclosures. SF6 gas or any other gas is used as an insulator between the live sections of the equipment and the earthed surface of the metal enclosure. From 12 KV to 800 KV systems, gas-insulated switchgear is offered.
Canada offers one of the cleanest electrical networks in the world. The country has made significant investments in the capital in the power sector as part of its endeavor to modernize its infrastructure. Increased industrialization, a change to a renewable and sustainable source of energy, and an increase in the number of industries developing effective means to transmit power over great distances would all benefit the market. Approximately 35 electrical transmission links connect the American and Canadian energy networks, resulting in a fully linked system. Therefore, the demand for pad-mounted switchgear will continue to increase throughout the forecast period.
The US market dominated the North America Pad–Mounted Switchgear Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $1,624.6 million by 2029. The Canada market is poised to grow at a CAGR of 7.3% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 6.3% during (2023 - 2029).
Based on Type, the market is segmented into Gas-insulated, Air-insulated, Solid-Dielectric and Others. Based on Voltage, the market is segmented into 25 - 38 kV, 15 - 25 kV and Others. Based on Application, the market is segmented into Industrial, Commercial and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Pad-Mounted Switchgear Market is Projected to reach USD 7.3 Billion by 2029, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Eaton Corporation PLC, ABB Ltd, Hubbell Incorporated, S&C Electric Company, Powell Industries, Inc., G&W Electric, Electro-Mechanical, LLC (Graycliff Partners LP), ENTEC Electric & Electronic Co. Ltd, NOJA Power Switchgear Pty. Ltd., and The International Electrical Products company (Al Tuwairqi Holding Co. ltd).
Scope of the Study
Market Segments Covered in the Report:
By Type
- Gas-insulated
- Air-insulated
- Solid-Dielectric
- Others
By Voltage
- 25 - 38 kV
- 15 - 25 kV
- Others
By Application
- Industrial
- Commercial
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Eaton Corporation PLC
- ABB Ltd
- Hubbell Incorporated
- S&C Electric Company
- Powell Industries, Inc.
- G&W Electric
- Electro-Mechanical, LLC (Graycliff Partners LP)
- ENTEC Electric & Electronic Co. Ltd
- NOJA Power Switchgear Pty. Ltd.
- The International Electrical Products company (Al Tuwairqi Holding Co. ltd)
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