Asia-Pacific Air-Insulated Switchgear Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Asia-Pacific Air-Insulated Switchgear Market Size & Share and It is Segmented by Voltage (Low-Voltage, Medium-Voltage, and High-Voltage), End-User Industry (Commercial, Residential, and Industrial), and Geography (China, India, Japan, and the Rest of Asia-Pacific). The Report Offers the Market Size and Forecasts in Revenue (USD) for all the Above Segments.

Asia-Pacific Air-Insulated Switchgear Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Asia-Pacific Air-Insulated Switchgear Market Size

Asia-Pacific Air-Insulated Switchgear Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 2.65 Billion
Market Size (2030) USD 3.75 Billion
CAGR (2025 - 2030) 7.20 %
Market Concentration Medium

Major Players

Asia-Pacific Air-Insulated Switchgear Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Asia-Pacific Air-Insulated Switchgear Market Analysis

The Asia-Pacific Air-Insulated Switchgear Market size is estimated at USD 2.65 billion in 2025, and is expected to reach USD 3.75 billion by 2030, at a CAGR of 7.2% during the forecast period (2025-2030).

  • Over the medium term, increasing electricity generation and consumption, along with network expansions to accommodate the infrastructure development projects and integration of renewables into the grid, are expected to drive the air-insulated switchgear market during the forecast period.
  • On the other hand, stringent environmental and safety regulations related to the air-insulated switchgear market are restraining factors.
  • Nevertheless, government-owned companies in the Asia-Pacific region is expected to invest highly to meet the growing energy demand and create several future opportunities for the air-insulated switchgear market.
  • China is expected to dominate the market, with the majority of the demand coming from the country's investment in electrification.

Asia-Pacific Air-Insulated Switchgear Industry Overview

The Asia-Pacific Air Insulated Switchgear market is semi fragmented. Some of the key players in this market include ABB Ltd, Siemens AG, General Electric Company, Schneider Electric SE, and Mitsubishi Electric Corporation.

Asia-Pacific Air-Insulated Switchgear Market Leaders

  1. ABB Ltd.

  2. Siemens AG

  3. General Electric Company

  4. Mitsubishi ELectric Company

  5. Schneider Electric SE

  6. *Disclaimer: Major Players sorted in no particular order
Asia-Pacific Air-Insulated Switchgear Market Concentration
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Asia-Pacific Air-Insulated Switchgear Market News

  • March 2023, Larsen & Turbo business won an order to establish 765kV gas-insulated and air-insulated substation bays at the pooling and remote end substations in the Kurnool district of Andhra Pradesh, India, where gigawatts of solar and wind energy generation projects are being developed.
  • April 2022, General Electric (GE)'s Grid Solutions secured a contract to construct substations for ReNew Power's Koppal-Narendra transmission project in Karnataka. The contract for the Koppal-Narendra project connected by GE's Grid Solutions business entails the construction of a 400/220KV air-insulated substation at Koppal, a 400KV gas-insulated switchgear (GIS) substation at Narendra and two 125 MVAr 400KV reactors for each of Koppal and Narendra substations.

Asia-Pacific Air-Insulated Switchgear Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD, till 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Increasing Electricity Generation and Consumption
    • 4.5.1.2 Integration of Renewables into the Grid
    • 4.5.2 Restraints
    • 4.5.2.1 Stringent Environmental and Safety Regulations
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Voltage
    • 5.1.1 Low-Voltage
    • 5.1.2 Medium-Voltage
    • 5.1.3 High-Voltage
  • 5.2 End User
    • 5.2.1 Commercial
    • 5.2.2 Residential
    • 5.2.3 Industrial
  • 5.3 Geography
    • 5.3.1 China
    • 5.3.2 India
    • 5.3.3 Japan
    • 5.3.4 Rest of Asia Pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 ABB Ltd.
    • 6.3.2 Schneider Electric SE
    • 6.3.3 General Electric Company
    • 6.3.4 Toshiba Corporation
    • 6.3.5 Mitsubishi Electric Corporation
    • 6.3.6 Siemens AG
    • 6.3.7 Larson & Turbo Limited
    • 6.3.8 Bharat Heavy Electricals Limited
    • 6.3.9 Eaton Corporation PLC
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Government-owned Companies in the Asia-Pacific, Middle East & Africa Regions are Expected to Invest Highly to Meet the Growing Energy Demand
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Asia-Pacific Air-Insulated Switchgear Industry Segmentation

The air-insulated switchgear is a secondary power distribution device. It is a medium voltage switchgear that redistributes the power of a primary power distribution device powered by a high voltage distribution transformer.

The Asia-Pacific air-insulated switchgear market is segmented by Voltage (Low-Voltage, Medium-Voltage, and High-Voltage), and End-user Industry (Commercial, Residential, and Industrial). The report also covers the size and forecasts for the Asia-Pacific air-insulated switchgear market across major countries. The report offers the market size and forecasts in revenue (USD) for all the above segments.

Voltage Low-Voltage
Medium-Voltage
High-Voltage
End User Commercial
Residential
Industrial
Geography China
India
Japan
Rest of Asia Pacific
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Asia-Pacific Air-Insulated Switchgear Market Research Faqs

How big is the Asia-Pacific Air-Insulated Switchgear Market?

The Asia-Pacific Air-Insulated Switchgear Market size is expected to reach USD 2.65 billion in 2025 and grow at a CAGR of 7.20% to reach USD 3.75 billion by 2030.

What is the current Asia-Pacific Air-Insulated Switchgear Market size?

In 2025, the Asia-Pacific Air-Insulated Switchgear Market size is expected to reach USD 2.65 billion.

Who are the key players in Asia-Pacific Air-Insulated Switchgear Market?

ABB Ltd., Siemens AG, General Electric Company, Mitsubishi ELectric Company and Schneider Electric SE are the major companies operating in the Asia-Pacific Air-Insulated Switchgear Market.

What years does this Asia-Pacific Air-Insulated Switchgear Market cover, and what was the market size in 2024?

In 2024, the Asia-Pacific Air-Insulated Switchgear Market size was estimated at USD 2.46 billion. The report covers the Asia-Pacific Air-Insulated Switchgear Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Air-Insulated Switchgear Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Asia-Pacific Air-Insulated Switchgear Industry Report

Statistics for the 2025 Asia-Pacific Air-Insulated Switchgear market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Air-Insulated Switchgear analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.