Global Pad-Mounted Switchgear Market is expected to reach $9.17 billion by 2027 growing at a CAGR 6.5% during 2018 to 2027.

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Some of the key players in Global Pad-Mounted Switchgear market include ABB, AZZ, Beijing Kylin Power & Technology, Eaton, Electronic & Electrical Industries Corporation, Park Detroit, Powell, S&C Electric, Scott Engineering, Switchgear Power Systems, Tiepco and Trayer Switchgear.

Gaithersburg, Maryland, United States – March 3, 2020 /MarketersMedia/

While the factors like increasing development in T&D infrastructure and need for upgrading the aging power infrastructure are driving the growth of the market. However, high installation cost is hampering the market growth.

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A padmount or pad-mounted transformer is a ground mounted electric power delivery transformer in a locked steel cabinet mounted on an existing pad. Since all energized connection points are securely enclosed in a grounded metal housing, a padmount transformer can be installed in places that do not have room for a fenced enclosure.

Based on Standard, IEC segment is likely to have a huge demand due to increasing adoption of pad-mounted switchgears can be attributed to stringent regulations and requirements to meet network reliability and stability demands.

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By geography, Europe is likely to have a huge demand due growing demand for underground distribution and its preference for the overhead lines in many parts of the region are the driving factors for the growth of pad-mounted switchgear market.

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Standards Covered:
• Institute of Electrical and Electronics Engineers (IEEE)
• International Electrotechnical Commission (IEC)

Types Covered:
• Solid Dielectric
• Gas Insulated
• Air Insulated

Voltages Covered:
• 15–25 kV
• 25–38 kV
• Above 35 kV
• Up to 15 kV

Applications Covered:
• Residential
• Industrial
• Commercial

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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Source URL: https://marketersmedia.com/global-pad-mounted-switchgear-market-is-expected-to-reach-917-billion-by-2027-growing-at-a-cagr-65-during-2018-to-2027/88948749

Source: MarketersMedia

Release ID: 88948749

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