Air Insulated Switchgear Market Regional Analysis:
APAC Market Insights
The air insulated switchgear market in the Asia Pacific region is projected to encounter the highest growth during the forecast period. It will hold almost 38% revenue share owing to the rising concentration on conserving and making nonstop power supply. For instance, on February 28, 2020, at the time of the Huawei Industrial Digital Transformation Conference 2020, Huawei formally released its all-new UPS （Uninterruptible Power Supply) power module internationally. The product offers the power density of a single module to touch 100 kW/3 U, twice that of industry standards. Increasing prevalence throughout countries like China of more responsive electronic products which are lightly hampered by power outages, spikes, and other power differences is increasing the nonstop power supply in the APAC region.
North American Market Insights
The North America air insulated switchgear market is set to witness massive growth during the forecast period and holds the second position with a revenue share of almost 25% owing to their increasing investment in energy infrastructure. To illustrate, on January 30, 2023, U.S. Department of Agriculture (USDA) Secretary Tom Vilsack exclaimed that the Department is spending USD 2.7 billion to assist 64 electric communes and utilities (PDF, 175 KB) in growing and updating the nation’s rural electric grid and enhance grid protection. Moreover, the loans comprise USD 613 million to assist rural utilities and communes in installing and modernizing smart grid technologies. A smart grid can be a motivation for broadband and other telecommunications services in disfavoured and underserved rural places in addition to modifying grid protection and trustworthiness.
