Asia Pacific Pad-mounted Switchgear Market Size & Outlook
The pad-mounted switchgear market in Asia Pacific is expected to reach a projected revenue of US$ 1,924.1 million by 2030. A compound annual growth rate of 5.2% is expected of Asia Pacific pad-mounted switchgear market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,352.6
Forecast, 2030 (US$M)
$1,924.1
CAGR, 2024 - 2030
5.2%
Report Coverage
Asia Pacific
Asia Pacific pad-mounted switchgear market, 2018-2030 (US$M)
Asia Pacific pad-mounted switchgear market highlights
- The Asia Pacific pad-mounted switchgear market generated a revenue of USD 1,352.6 million in 2023.
- The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, air-insulated was the largest revenue generating product in 2023.
- Air-insulated is the most lucrative product segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,352.6 million |
| Market revenue in 2030 | USD 1,924.1 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Air-insulated |
| Fastest growing segment | Air-insulated |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Air-insulated |
| Key market players worldwide | ABB Ltd, S&C Electric Company, Eaton Corp PLC, G&W Electric, Hubbell Power Systems, Electro-Mechanical Corporation, Powell Industries Inc, Scott Technology Ltd |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.0% of the global pad-mounted switchgear market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 3,582.1 million by 2030.
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Pad-Mounted Switchgear Market Scope
Pad-mounted switchgear market segmentation & scope
Application
Industrial
Commercial
Residential
Countries
Argentina
Brazil
Denmark
France
Germany
Italy
Norway
Spain
Sweden
UK
U.S.
Canada
Mexico
Kuwait
Saudi Arabia
South Africa
UAE
Australia
India
China
Japan
South Korea
Thailand
Pad-Mounted Switchgear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific pad-mounted switchgear market
Related regional statistics
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