Global Air Insulated Switchgear Market - ABB Ltd., Siemens AG, Schneider Electric SE, General Electric Company, Eaton Corporation PLC

The air insulated switchgear market is expected to grow at a CAGR of 4.68% from 2017 to 2022, to reach a market size of USD 8.41 billion by 2022. Increasing investments in transmission & distribution sector is a major factor driving the air insulated switchgear market.

The air insulated switchgear market is dominated by a few major players that have a wide regional presence and are established brand names. Leading players in the air insulated switchgear industry include ABB Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), General Electric Company (U.S.), and Eaton Corporation PLC (Ireland). ABB Ltd. (Switzerland) and Siemens AG (Germany) has adopted contracts & agreements as a key strategy to enhance their presence in air insulated switchgear market. 

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Asia-Pacific is estimated to be the fastest growing market for air insulated switchgear from 2017 to 2022. This growth is attributed to the increasing T&D investments and rising power generation capacity in the region. The presence of manufacturing facilities is also driving the growth of air insulated switchgear in the region. The Chinese market for air insulated switchgear is expected to grow at the fastest rate during the forecast period. India and Southeast Asian countries are also expected to witness significant growth during the same period.

Based on voltage range of air insulated switchgear, the 3 kV–36 kV segment is expected to account for the largest market share in 2016. These air insulated switchgear are commonly used for power distribution, industrial, and infrastructure applications. So, rising infrastructural developments along with increasing T&D expenditure is expected to create new revenue pockets for 3 kV–36 kV segment. The >36 kV air insulated switchgear finds application primarily in power transmission over long distances. AIS are used at transmission substations and power generation substations. So, the demand for >36 kV air insulated switchgear is driven by sub-transmission and transmission sectors.

The indoor segment is estimated to be the largest market for air insulated switchgear in 2016 based on installation segment. The medium voltage air insulated switchgear is majorly installed indoor. So, the increasing installation of medium voltage switchgear is likely to drive the air insulated switchgear market in indoor segment. Renewable sector also supports the growth of indoor air insulated switchgear, with many solar and wind power plant projects deploying indoor air insulated switchgear as an integral part of their power generation and distribution network. This is expected to create new revenue pockets in the air insulated switchgear market during the forecast period.

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The report segments the air insulated switchgear market based on end-user into transmission & distribution, manufacturing and processing, infrastructure and transportation, and others. The others segment includes oil & gas, mining, and marine.  The transmission & distribution segment is estimated to be the fastest growing market for air insulated switchgear in 2016. The rising renewable power generation and increasing T&D investments is likely to drive the demand of air insulated switchgear in transmission & distribution application segment. This is expected to create new revenue pockets in air insulated switchgear market, during the forecast period. Also, the increasing investments in electro-intensive industries such as chemicals, steel, and cement are expected to drive the air insulated switchgear market in manufacturing and processing segment.

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Pressure Switch Market Analysis and Prediction by Leading Manufacturers, its Application and Types 2018-2023

The global pressure switch market is projected to reach USD 2.09 billion by 2023, at a CAGR of 4.39%, from an estimated USD 1.69 billion in 2018. The growth of the pressure switch market is mainly driven by the increasing focus on process automation and increasing demand for pressure switches in the transportation sector for various applications such as automotive, railways, and airplanes. 

Asia Pacific is estimated to be the fastest growing market for pressure switches, during the forecast period. The region has been segmented, by country, into China, Japan, India, South Korea, and the Rest of Asia Pacific. The pressure switch market in the region is primarily driven by the growth in various industries such as manufacturing, mining, oil & gas, textiles, and automation. In 2017, the region manufactured more than 44 million vehicles. Moreover, the government of India also plan to increase the contribution toward its manufacturing sector to reach 25% by 2025, which is likely to drive the pressure switch market in the region. 

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The pressure switch market, by type, is segmented into electromechanical and solid-state. The solid-state pressure switch segment is estimated to be the fastest growing market, during the forecast period. The use of these switches results in higher level of precision and longer life cycle, broad frequency response, better accuracy, high resistance to shock and vibration, and improved capability to handle a wide range of system pressure. Also, the increase in technological advancements for better product functionality is further expected to create the demand for solid-state pressure switches.

The report segments the pressure switch market, by pressure range, into below 100 bar, 100–400 bar, and above 400 bar. The below 100 bar segment is estimated to be the fastest growing market, during the forecast period. These switches are mostly used in hydraulic power units, material handling machinery, railway, CNC machines, compressors/boilers, food & beverage equipment, and generators. Low cost of pressure switches coupled with multifunctionality is likely to drive the pressure switch market in the below 100 bar segment.

The pressure switch market, by application, is segmented into HVAC, monitoring & control, safety & alarm systems, and hydraulics & pneumatics. The HAVC segment is estimated to be the fastest growing market for pressure switches during the forecast period. Pressure switches in the HVAC system monitor air filters, control air and fire protection flaps, monitor flows in ventilation ducts, and protect heat exchangers from frost. All such factors are expected to drive the pressure switch market in HVAC segment. 

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The pressure switch market, by end-user, is segmented into automotive & transportation, process & manufacturing industry, and commercial. The automotive & transportation segment is estimated to be the fastest growing market for pressure switches during the forecast period. The automotive & transportation sector includes the use of pressure switches for railways, automobiles, and electric vehicle among others. The rising automobile and electric vehicles production and investments in railways sector is likely to drive the pressure switch market in automotive & transportation segment during the forecast period. 

Pressure switches in the HVAC system monitor air filters, control air and fire protection flaps, monitor flows in ventilation ducts, and protect heat exchangers from frost. All such factors are expected to drive the pressure switch market in HVAC segment. 

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Robotic welding market to register capital expenditure of $5.96 billion by 2023

The robotic welding market is expected to grow at a CAGR of 8.91%, from 2018 to 2023, to reach a market size of USD 5.96 billion by 2023. Increasing implementation of Industry 4.0 revolution and rising need for scalability in manufacturing units in developing economies to meet the growing demand for various products would contribute to the growth of the robotic welding market.

Browse 67 market data Tables and 31 Figures spread through 115 Pages and in-depth TOC on “Robotic Welding Market by Type (Arc Spot), End-User (Automotive & Transportation, Electricals & Electronics, Aerospace & Defense, Metals & Machinery), Payload (<50 kg, 50–150 kg, and >150 kg), and Region - Global Forecast to 2023"

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The robotic welding market is dominated by players with established brand names and wide regional presence and local and regional players in emerging economies. The leading global players in the robotic welding industry include Kuka (Germany), Fanuc (Japan), Yaskawa (Japan), ABB (Switzerland), and Kawasaki (Japan).

The 50–150 kg segment is estimated to be the fastest growing robotic welding market, by payload, from 2018 to 2023. This segment is driven by factors such as high demand for robots having this payload by various end-user industries. These robots can perform arc as well as spot welding.

Based on end-user, the robotic welding market has been segmented into automotive & transportation, electricals & electronics, aerospace & defense, metals & machinery, and others. The automotive segment is expected to grow at the fastest rate during the forecast period and become the largest market segment by 2023. This growth can be attributed to factors such as the increasing demand for vehicles in developing economies. The world’s focus toward electric vehicles would also boost the growth of this segment.

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The robotic welding market has been segmented, by region, into Asia Pacific, Europe, North America, and Rest of the World. Asia Pacific is projected to grow at the fastest rate, from 2018 to 2023, followed by Rest of the World. China, which is highly focused on automation, dominates the robotic welding market in Asia Pacific. It is also expected to be the fastest growing market for robotic welding. Europe, which is the second largest segment regionally, holds Germany and Spain as the largest contributors to the demand. But Europe would witness moderate growth rate for robotic welding during the forecast period owing to the maturity of the market.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
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USA : 1-888-600-6441
sales@marketsandmarkets.com