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Pad-Mounted Switchgear Market Analysis, Growth, Size, Share, Trends, Forecast and Demand to 2020

Pad-Mounted Switchgear Market Analysis, Growth, Size, Share, Trends, Forecast and Demand to 2020

Pad-mounted switchgear is used in underground distribution system to ensure continuous and reliable electricity distribution. It increases the efficiency and reliability of the electrical supply with the advantage of being less susceptible to lightning and provides easy diagnosis of faults. Factors driving the pad-mounted switchgear market include increase in T&D infrastructure investment, growing trends toward undergrounding to ensure efficient & reliable power distribution systems Global pad-mounted switchgear market stands at USD 3.7 Billion in 2014, and is expected to grow at a CAGR of 9.1% during 2015-2020.

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Pad-Mounted Switchgear Market worth 6.3 Billion USD by 2020

Pad-Mounted Switchgear Market worth 6.3 Billion USD by 2020

Global pad-mounted switchgear market is projected to grow at a CAGR of 9.1% during 2015-2020, to reach a value of USD 6.3 Billion by 2020. This growth is attributed to increasing T&D infrastructure investment and high reliability of underground distribution systems. Applications of pad-mounted switchgear are not limited to any single industry. There is scope for their usage in every industry in electricity distribution. All industries require uninterrupted, highly dependable power for continuous, optimum operations. This will lead to demand for reliable, underground distribution systems. Pad-mounted switchgear plays a crucial role in switching the loads in these electricity distribution systems. The report segments pad-mounted switchgear market on the basis of its major applications which include industrial, commercial and residential segments. Commercial segment is the fastest growth markets for pad-mounted switchgears.

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