The Latin America, Middle East and Africa Pad–Mounted Switchgear Market would witness market growth of 8.1% CAGR during the forecast period (2023-2029).
Power to electrical appliances, such as switches and plugs, is provided by pad-mounted switchgear in commercial, industrial, and residential applications. Moreover, it offers defense against external fire and electric shock risks. In addition, it provides power at a lower voltage than that provided by the distribution systems of the utility company. For usage as service equipment cabinets, this sort of installation can be put on top of an exterior wall with apertures cut into the exterior faces, or it can be placed inside a building to serve a single level.
Indoor fuse boxes like load centers, circuit breakers, fuses, and busways are examples of pad-mounted switchgear. Other types include manual disconnects like pullout handles, arc fault detection devices (AFDD), grounding conductors, ground rods, lightning arresters, terminal accessories such as receptacles, switches, and outlets, surge protection devices (SPD), and circuit protection devices like fuses, breakers, and voltage limiters.
The ongoing improvements in the T&D infrastructure for electrical systems are driving the market's growth. In addition, increased investments in creating distribution systems may increase market value due to the growing power demand. Additionally, the expanding demand for updating the aging electricity infrastructure may promote market expansion. The market for pad-mounted switchgear is also anticipated to increase significantly due to the growing emphasis on the deployment of automation for electricity distribution as smart grids are established.
The Argentinean government is working on expanding its reliance on renewable energy sources for its energy requirements. The government's main priorities are small-scale wind farms and biofuel projects. Since 2016, Argentina has conducted numerous solar, wind, small hydro, as well as biomass project auctions in full compliance with Resolution 136/2016. As a result, by 2025, 20% of the country's energy needs will be met by renewable energy, according to the legal framework established by this resolution. In addition, the need for pad-mounted switchgear will continue to rise as more regional governments invest in alternative energy sources. As a result, the market in LAMEA region will expand rapidly.
The Brazil market dominated the LAMEA Pad–Mounted Switchgear Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $135.1 million by 2029. The Argentina market is experiencing a CAGR of 8.7% during (2023 - 2029). Additionally, The UAE market would display a CAGR of 7.8% during (2023 - 2029).
Based on Type, the market is segmented into Gas-insulated, Air-insulated, Solid-Dielectric and Others. Based on Voltage, the market is segmented into 25 - 38 kV, 15 - 25 kV and Others. Based on Application, the market is segmented into Industrial, Commercial and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Pad-Mounted Switchgear Market is Projected to reach USD 7.3 Billion by 2029, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Eaton Corporation PLC, ABB Ltd, Hubbell Incorporated, S&C Electric Company, Powell Industries, Inc., G&W Electric, Electro-Mechanical, LLC (Graycliff Partners LP), ENTEC Electric & Electronic Co. Ltd, NOJA Power Switchgear Pty. Ltd., and The International Electrical Products company (Al Tuwairqi Holding Co. ltd).
By Type
By Voltage
By Application
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 