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Pulished Date April, 2021
ID: 8329
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Pad-Mounted Switchgear Market by Type (Air insulated, Gas insulated, & others), by Voltage Rating (0-15kV, 16-25kV, & above 25kV), by Application (Industrial, Commercial, & Residential) & by Region - Global Trends & Forecast (2021-2026)

Pulished: April, 2021
ID: 8329
Pages: 170

Pad-Mounted Switchgear Market Size & Growth (2019 – 2024)

The Global Pad-Mounted Switchgear market is growing with an average CAGR of 9.2% during the forecast period. As of 2018, the Pad-Mounted Switchgear market industry is valued at 5.26 billion USD, and it is estimated to reach 8.17 billion USD by the year 2024. Europe has the largest market share of Pad-Mounted Switchgear Market as of 2018 and is projected to lead the market throughout the forecast period.

Drivers and Restraints


Growing trends toward undergrounding the electrical cables to ensure efficient & reliable power distribution systems are the biggest driver of the market.

Active revolt against overhead electric cables which lead to many accidents is a significant driver in many countries.


Pad-mounted switchgear requires high initial capital investment, especially for the installation of the concrete foundation and cable terminations.

Another restraint associated with underground distribution is surface contamination that includes dust, dirt, wildlife, etc.

This global market research report is segmented and sub-segmented as follows:

Global Pad-Mounted Switchgear Market By Type

  • Air insulated
  • Gas insulated
  • Others

Air-insulated pad-mounted switchgear has the highest market share as of 2018 and is projected to remain so in the forecast period. It is mainly because of its economic viability.  In areas with ample space, air-insulated switchgear is the primary choice due to its low construction costs.

Global Pad-Mounted Switchgear Market By Voltage Rating

  1. 0-15kV
  2. 16-25kV
  3. Above 25kV

Global Pad-Mounted Switchgear Market By Application

  1. Industrial
  2. Commercial
  3. Residential

Industrial segment has the largest market share. All industries require uninterrupted, highly dependable power for continuous and optimum operations and this pad-mounted switchgear is gaining popularity all over the world.

Global Pad-Mounted Switchgear Market By Region

  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America
  5. Middle East & Africa

Europe Pad-Mounted Switchgear Market has the largest share as of 2018, and it is projected to remain on the top spot throughout the forecast period. As of 2018, Europe has around 40 % of market share.

Asia-Pacific Pad-Mounted Switchgear Market is the fastest-growing market for Pad-Mounted Switchgear. This can be attributed to many governments’ initiatives that were undertaken for undergrounding the electrical cables for more stable and safe electricity supply.

Key Market Players

Some of the leading players in the pad-mounted switchgear market include

  1. Eaton Corporat5ion plc (Ireland)
  2. G&W Electric (U.S)
  3. Federal Pacific (U.S.)
  4. Hubbel Incorporated (U.S.)
  5. S&C Electric Company (U.S.) among others.

Recent Development

  • An Indian contractor company, KP industries will install underground electric cables in Kathmandu to minimize the risk of electrocution and to beautify the city. In the first phase of the project, underground cables would replace the overhead power line in grids overseen by Majarajgunj Distribution Centre and the Ratnapark Distribution Centre, the NEA officials said.
  • The company Nexans will help underground Germany's transmission grid. It is supplying over 31.8 km of 400 kV cable for a significant project at Legden on the route between Wesel and Meppen in Germany.

1. Introduction                                

               1.1 Market Definition                    

               1.2 Scope of the report                

               1.3 Study Assumptions                  

               1.4 Base Currency, Base Year and Forecast Periods                         

2. Research Methodology                                          

               2.1 Analysis Design                        

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Data Modelling      

                              2.2.4 Expert Validation  

               2.3 Study Timeline                         

3. Report Overview                                       

               3.1 Executive Summary                

               3.2 Key Inferencees                       

4. Market Dynamics                                     

               4.1 Impact Analysis                        

                              4.1.1 Drivers      

                              4.1.2 Restaints  

                              4.1.3 Opportunities         

               4.2 Regulatory Environment                      

               4.3 Technology Timeline & Recent Trends                           

5. Competitor Benchmarking Analysis                                   

               5.1 Market Share Analysis                          

               5.2 Product Benchmarking                         

               5.3 Regional Presence                   

               5.4 Mergers & Acquistion Landscape                     

               5.5 Joint Ventures & Collaborations                       

6. Market Segmentation                                            

               6.1 Pad-Mounted Switchgear Market, by Type                   

                              6.1.1 New Installation    

                              6.1.2 Retrofit Installation             

                              6.1.3 Market Size Estimations & Forecasts (2019-2024)   

                              6.1.4 Y-o-Y Growth Rate Analysis              

                              6.1.5 Market Attractiveness Index           

               6.2 Pad-Mounted Switchgear Market, by Voltage Rating               

                              6.2.1 Indoor Lighting      

                              6.2.2 Outdoor Lighting  

                              6.2.3 Market Size Estimations & Forecasts (2019-2024)   

                              6.2.4 Y-o-Y Growth Rate Analysis              

                              6.2.5 Market Attractiveness Index           

               6.3 Pad-Mounted Switchgear Market, by Application                      

                              6.3.1 Lamps       

                              6.3.2 Luminaires              

                              6.3.3 Market Size Estimations & Forecasts (2019-2024)   

                              6.3.4 Y-o-Y Growth Rate Analysis              

                              6.3.5 Market Attractiveness Index           

7. Geographical Landscape                                        

               7.1 Pad-Mounted Switchgear Market, by Region               

               7.2 North America - Market Analysis (2019-2024)                          

                              7.2.1 By Country              



                              7.2.2 By Type    

                              7.2.3 By Voltage Rating 

                              7.2.4 By Application        

                              7.2.5 Y-o-Y Growth Rate Analysis              

                              7.2.6 Market Attractiveness Index           

               7.3 Europe                        

                              7.3.1 By Country              






                                    Rest of Europe

                              7.3.2 By Type    

                              7.3.3 By Voltage Rating 

                              7.3.4 By Application        

                              7.3.5 Y-o-Y Growth Rate Analysis              

                              7.3.6 Market Attractiveness Index           

               7.4 Asia Pacific                 

                              7.4.1 By Country              




                                    South Korea

                                    South East Asia

                                    Australia & NZ

                                    Rest of Asia-Pacific

                              7.4.2 By Type    

                              7.4.3 By Voltage Rating 

                              7.4.4 By Application        

                              7.4.5 Y-o-Y Growth Rate Analysis              

                              7.4.6 Market Attractiveness Index           

               7.5 Latin America                           

                              7.5.1 By Country              




                                    Rest of Latin America

                              7.5.2 By Type    

                              7.5.3 By Voltage Rating 

                              7.5.4 By Application        

                              7.5.5 Y-o-Y Growth Rate Analysis              

                              7.5.6 Market Attractiveness Index           

               7.6 Middle East and Africa                         

                              7.6.1 By Country              

                                    Middle East


                              7.6.2 By Type    

                              7.6.3 By Voltage Rating 

                              7.6.4 By Application        

                              7.6.5 Y-o-Y Growth Rate Analysis              

                              7.6.6 Market Attractiveness Index           

8. Key Player Analysis                                   

               8.1 Eaton Corporat5ion plc (Ireland)                       

                              8.1.1 Business Description           

                              8.1.2 Products/Service   

                              8.1.3 Financials 

                              8.1.4 SWOT Analysis       

                              8.1.5 Recent Developments        

                              8.1.6 Analyst Overview  

               8.2 G&W Electric (U.S)                  

               8.3 Federal Pacific (U.S.)                             

               8.4 Hubbel Incorporated (U.S.)                 

               8.5 S&C electric Company (U.S.)               

9. Market Outlook & Investment Opportunities                                 


               List of Tables                    

               List of Figures                   

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by type,  by voltage rating , by application type and systems type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Pad-Mounted Switchgear Market By Region, From 2019-2024 ( USD Billion )
  2. Global Pad-Mounted Switchgear Market By Type, From 2019-2024 ( USD Billion )
  3. Global Air insulated Market By Region, From 2019-2024 ( USD Billion )
  4. Global Gas Insulated Market By Region, From 2019-2024 ( USD Billion )
  5. Global Others Market By Region, From 2019-2024 ( USD Billion )
  6. Global Pad-Mounted Switchgear Market By Voltage Rating, From 2019-2024 ( USD Billion )
  7. Global 0-15kV Market By Region, From 2019-2024 ( USD Billion )
  8. Global 16-25kV Market By Region, From 2019-2024 ( USD Billion )
  9. Global Above 25kV Market By Region, From 2019-2024 ( USD Billion )
  10. Global Pad-Mounted Switchgear Market By Application, From 2019-2024 ( USD Billion )
  11. Global Industrial Market By Region, From 2019-2024 ( USD Billion )
  12. Global Commercial Market By Region, From 2019-2024 ( USD Billion )
  13. Global Residential Market By Region, From 2019-2024 ( USD Billion )

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