Asia Pacific Air Insulated Switchgear Market Size & Outlook
Asia Pacific air insulated switchgear market, 2018-2030 (US$M)
Asia Pacific air insulated switchgear market highlights
- The Asia Pacific air insulated switchgear market generated a revenue of USD 12,696.8 million in 2023.
- The market is expected to grow at a CAGR of 5% from 2024 to 2030.
- In terms of segment, indoor was the largest revenue generating installation in 2023.
- Indoor is the most lucrative installation segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 12,696.8 million |
| Market revenue in 2030 | USD 17,811.3 million |
| Growth rate | 5% (CAGR from 2023 to 2030) |
| Largest segment | Indoor |
| Fastest growing segment | Indoor |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Indoor |
| Key market players worldwide | ABB Ltd, Portland General Electric Co, Siemens Healthineers AG ADR, Schneider Electric SE, Toshiba Corporation, Hitachi Energy, Eaton Corp PLC, Mitsubishi Electric Corp, Hubbell Inc, Larsen & Toubro Ltd DR |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 19.4% of the global air insulated switchgear market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 17,811.3 million by 2030.
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Air Insulated Switchgear Market Scope
Air Insulated Switchgear Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific air insulated switchgear market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to air insulated switchgear market will help companies and investors design strategic landscapes.
Indoor was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Asia Pacific air insulated switchgear market based on indoor covering the revenue growth of each sub-segment from 2018 to 2030.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific air insulated switchgear market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific air insulated switchgear market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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