Market Size of South America Air Insulated Switchgear Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 464.68 Million |
| Market Size (2029) | USD 602.04 Million |
| CAGR (2024 - 2029) | 5.30 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Air Insulated Switchgear Market Analysis
The South America Air Insulated Switchgear Market size is estimated at USD 464.68 million in 2024, and is expected to reach USD 602.04 million by 2029, growing at a CAGR of 5.30% during the forecast period (2024-2029).
- Over the medium term, increasing investments in transmission and distribution infrastructure are expected to drive the demand for air-insulated switchgear during the forecast period.
- On the other hand, the adoption of gas-insulated switchgear (GIS) as an alternative to air-insulated switchgear, as air-insulated switchgear substations require high maintenance, thus leading to high operational costs, which is likely to restrain the market growth during the forecast period.
- Nevertheless, growing investments in the renewable energy sector and the aging power infrastructure are expected to offer huge business opportunities for the market players in the coming years.
