Press Release: April 21, 2020
Pad-mounted switchgear is specially designed to meet the isolating and switching requirements of electrical distribution system along with pre-engineered switching configurations. The pad-mounted switchgear is designed according to the standards, which are available to cover multiple situations such as loop feed, radial feed, and manual primary-selector switching. These switchgears provide enhanced security to switches and fuses components from various environmental hazards.
The key factors propelling the growth of the Pad-Mounted Switchgear market include the increasing development in T&D infrastructure, need for upgrading the aging power infrastructure, high reliability of underground distribution system, and the rising adoption of distribution automation to achieve highly reliable and safe power transmission. In this era of technological innovation and advancements, the entire business of utilities is evolving rapidly to enhance operational efficiency. Pad-mounted switchgear is a compact, self-contained system that is ideal for medium-voltage and critical loads. Its applications include data centers, production facilities, healthcare facilities, and production facilities, which require highly dependable power for optimum and continuous operations. It is integrated with automation, which provides protection against loss of source health, overcurrent, and fault protection for critical loads. Moreover, the pad-mounted switchgear switches can be operated either manually or via distribution automation to meet end-user requirements. Some of the other benefits of pad-mounted switchgear technology includes cross bus at the top of enclosure for ease of flexible and inspection modular design, which promotes life cycle support, including field upgrades and repairs. Therefore, such upgradations in features of pad-mounted switchgears is accelerating the future growth of the market. However, the installation cost of pad-mounted switchgear is comparatively high, that might hinder the growth of the market.
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On the basis of Region, Europe is anticipated to lead the market during the forecast period. Underground distribution is most common form of distribution in Europe. Multiple countries such as Netherlands, have completely deployed distribution network underground due to numerous advantages including, low fault rate and enhanced reliability. Moreover, the region is progressively focusing upgradation and replacement of aging infrastructure, converting overhead lines into underground lines and enhanced grid reliability. Hence, proliferating the growth of market in the region.
The major players in the market include Eaton Corporation Plc, Hubbell Inc, G&W Electric Co., Federal Pacific Equipment Inc, S&C Electric Co, ABB Ltd, Powell, Electronic & Electrical Industries Corporation (EEIC), KDM Steel, and Switchgear Power Systems LLC among others. Pad-Mounted Switchgear market has been segmented based on Standard, Type, Voltage, Application, and Key Region. Based on Standard, the market is segmented into IEC, EEE, and Others. Based on Type, the market is segmented into Air Insulated, Gas Insulated, Solid Dielectric, and Others. Based on Voltage, the market is segmented into Up to 15kV, 15-25kV, and 25-38Kv. Based on Application, the market is segmented into Industrial, Commercial, and Residential.
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