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Globe and Mail
a day ago
- Business
- Globe and Mail
Pad-Mounted Switchgear Market Size Projected to Reach $7.97 billion by 2030
The global pad-mounted switchgear market size is projected to grow USD 7.97 billion by 2030 from estimated USD 6.13 billion in 2025, at a CAGR of 5.4% during the forecast period. The global Pad-Mounted Switchgear Market is expected to grow from estimated USD 6.13 billion in 2025 to USD 7.97 billion by 2030, at a CAGR of 5.4% during the forecast period. The global Pad-Mounted Switchgear Market is expected to grow steadily from 2025 to 2030, driven by the increasing shift toward underground power distribution systems, urban infrastructure expansion, and the upgrading of aging grid networks. As urbanization accelerates and power demands rise in both developed and developing countries, utilities and municipalities are investing in compact, safe, and reliable distribution solutions to ensure continuous power supply. Pad-mounted switchgear is crucial for maintaining electrical safety, operational continuity, and system automation across residential, commercial, and industrial settings. The shift to clean energy, the electrification of public infrastructure, and the rising use of distributed energy resources like rooftop solar and EV charging stations underscore the growing need for intelligent, automation-ready switchgear systems. Additionally, the demand for discreet, weatherproof, and tamper-resistant equipment in densely populated areas is increasing the adoption of pad-mounted switchgear. Digital advancements such as SCADA compatibility, condition monitoring, and arc-resistant designs are turning these systems into smart, modular solutions that meet the demands of modern grids. As utilities strive for greater resilience and fewer outages, especially in disaster-prone or densely populated urban areas, pad-mounted switchgear is becoming a foundational technology in the global power distribution network. The industrial segment is expected to be the largest application in the pad-mounted switchgear market. The industrial segment is expected to be the largest application area in the global Pad-Mounted Switchgear Market because of the increasing need for highly reliable and continuous power in critical manufacturing and processing operations. Industries such as oil & gas, chemicals, mining, steel, cement, and automotive rely on robust electrical infrastructure to keep operations running smoothly, prevent costly downtime, and uphold safety standards. Pad-mounted switchgear systems are commonly used in these industrial facilities as they provide compact, tamper-proof, and weather-resistant enclosures suitable for tough environments. These systems enable safe power distribution, fault isolation, and quick service restoration, which are vital for operations that handle high-voltage loads and are often situated in remote or hazardous locations. Moreover, the growing automation of industrial processes and the expansion of industrial zones in emerging economies further boost the demand for advanced and smart pad-mounted switchgear solutions. Their ability to integrate with SCADA systems for real-time monitoring and control also improves operational efficiency, making them a preferred choice for modern industrial power networks. IEC standards are considered to be the largest market for pad-mounted switchgear. IEC standards are considered the largest market segment for pad-mounted switchgear due to their widespread adoption across different regions, especially in Europe, Asia Pacific, the Middle East, and Africa. The International Electrotechnical Commission (IEC) offers a globally recognized framework for designing, testing, and certifying electrical equipment, including pad-mounted switchgear, ensuring safety, reliability, and compatibility across international markets. IEC-compliant switchgear is widely used in utility, industrial, and commercial sectors where compliance with international standards is vital for equipment approvals, bid eligibility, and long-term grid integration. As many countries develop their power infrastructure and procurement policies aligning with global norms, IEC-based products provide manufacturers with scalability and standardized manufacturing processes. The IEC 62271 series, in particular, governs high-voltage switchgear and control gear, guaranteeing performance under various electrical and environmental conditions. Additionally, as modernization efforts accelerate in emerging economies, the demand for IEC-certified pad-mounted switchgear is increasing due to its durable design, suitability for underground distribution systems, and proven performance in both rural and urban settings. This global relevance, combined with rising cross-border infrastructure investments, makes IEC-standard products the dominant choice in the Pad-Mounted Switchgear Market. Europe is likely to emerge as the largest Pad-Mounted Switchgear Market Europe is set to become the largest market for pad-mounted switchgear, fueled by widespread grid modernization efforts, strict regulatory standards, and a strong push toward underground power distribution infrastructure. Many European countries are transitioning from overhead lines to underground systems to improve grid appearance, increase reliability, and guard against environmental disruptions like storms and wildfires. The European Union's ambitious goals for carbon neutrality and energy efficiency, along with directives encouraging the adoption of smart grids and renewable energy, have further boosted demand for advanced distribution technologies such as pad-mounted switchgear. Utilities across the region are increasingly investing in resilient and modular switchgear solutions that support automation, fault detection, and real-time monitoring—key needs for managing expanding decentralized energy networks. Additionally, Europe's dense urban areas and the demand for space-efficient, low-maintenance equipment make pad-mounted switchgear an ideal choice for residential, commercial, and industrial power distribution. With growing investments in green energy corridors, electric vehicle infrastructure, and digital substations, Europe is well-positioned to lead the global pad-mounted switchgear market during the upcoming years. Request Sample Pages: Key Market Players The key players in the Pad-Mounted Switchgear Market include Eaton (Ireland), Hubbell (US), ABB (Switzerland), G&W Electric (US), S&C Electric (US), Powell (US), Federal Pacific (US), Entec Electric & Electronic (South Korea), NOJA Power (Australia), TIEPCO (Saudi Arabia), Ghorit Electricals (China), Ningbo Tianan Group (China), Trayer Switchgear (US), KDM Steel (China), Switchgear Power Systems (US), Park Detroit and Park Electric (US), Beijing Kylin Power & Technology (China), Telawne Power Equipments Pvt. Ltd. (India), Ormazabal (Brazil), and Actom (Boksburg). Eaton (Ireland) Eaton (Ireland) is a leading player in the global Pad-Mounted Switchgear Market, known for its innovative, sustainable, and reliable distribution solutions tailored for utility, industrial, and commercial applications. The company offers a comprehensive portfolio of air-insulated, solid dielectric, and SF6-free pad-mounted switchgear designed for underground distribution systems where safety, environmental compliance, and aesthetics are critical. Eaton's switchgear is widely used in grid modernization, electric vehicle (EV) infrastructure, renewable energy zones, and critical facilities like data centers and hospitals. The company integrates advanced automation features into its systems, including remote monitoring, fault location, and FLISR capabilities, enabling utilities to develop self-healing and intelligent distribution networks. Eaton continues to expand its global presence through strategic acquisitions—such as the 50% stake in Jiangsu Huineng Electric Co., Ltd. in China—and collaborations with government and private entities, particularly in the U.S., to improve grid resilience and electrification. With its focus on digital power management, low-carbon technologies, and smart grid integration, Eaton remains a dominant force shaping the next generation of pad-mounted switchgear solutions worldwide. ABB (Switzerland) ABB (Switzerland) is a major global leader in the Pad-Mounted Switchgear Market, offering a wide range of durable, compact, and environmentally friendly solutions designed for medium-voltage underground distribution systems. Utilizing its extensive expertise in power technologies and automation, ABB delivers pad-mounted switchgear built for dependability, safety, and easy integration into smart grids. Its product lineup includes air-insulated, gas-insulated (including SF6-free options), and solid dielectric switchgear, all featuring intelligent controls, sensors, and communication interfaces for remote operation and diagnostics. ABB's pad-mounted switchgear is extensively used by utilities, renewable energy providers, transportation sectors, industrial parks, and critical infrastructure, helping clients improve network efficiency and minimize outage durations. The company places a strong emphasis on digitalization and grid automation, aligning its switchgear products with Industry 4.0 trends and energy transition efforts. ABB has invested heavily in R&D to develop eco-friendly, compact switchgear solutions that meet evolving global standards for emissions and safety. With a robust manufacturing and service presence across key regions, ABB remains a preferred supplier for large-scale grid modernization, urban infrastructure enhancements, and renewable energy projects. About MarketsandMarkets™: MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan Salgarkar MarketsandMarkets™ INC. 1615 South Congress Ave. Suite 103, Delray Beach, FL 33445 USA: +1-888-600-6441 Email: newsletter@ Media Contact Company Name: MarketsandMarkets™ Research Private Ltd. Contact Person: Mr. Rohan Salgarkar Email: Send Email Phone: 18886006441 Address: 1615 South Congress Ave. Suite 103, Delray Beach, FL 33445 City: Florida State: Florida Country: United States Website:
Yahoo
2 days ago
- Business
- Yahoo
Pad-Mounted Switchgear Market worth $7.97 billion by 2030
DELRAY BEACH, Fla., July 29, 2025 /PRNewswire/ -- The global Pad-Mounted Switchgear Market is anticipated to grow from estimated USD 6.13 billion in 2025 to USD 7.97 billion by 2030, at a CAGR of 5.4% during the forecast period. The global Pad-Mounted Switchgear Market is expected to grow steadily from 2025 to 2030, driven by the increasing shift toward underground power distribution systems, urban infrastructure expansion, and the upgrading of aging grid networks. As urbanization accelerates and power demands rise in both developed and developing countries, utilities and municipalities are investing in compact, safe, and reliable distribution solutions to ensure continuous power supply. Pad-mounted switchgear is crucial for maintaining electrical safety, operational continuity, and system automation across residential, commercial, and industrial settings. The shift to clean energy, the electrification of public infrastructure, and the rising use of distributed energy resources like rooftop solar and EV charging stations underscore the growing need for intelligent, automation-ready switchgear systems. Additionally, the demand for discreet, weatherproof, and tamper-resistant equipment in densely populated areas is increasing the adoption of pad-mounted switchgear. Digital advancements such as SCADA compatibility, condition monitoring, and arc-resistant designs are turning these systems into smart, modular solutions that meet the demands of modern grids. As utilities strive for greater resilience and fewer outages, especially in disaster-prone or densely populated urban areas, pad-mounted switchgear is becoming a foundational technology in the global power distribution network. Browse in-depth TOC on "Pad-Mounted Switchgear Market" 160 - Tables60 - Figures 220 – Pages Download PDF Brochure: The industrial segment is expected to be the largest application in the Pad-Mounted Switchgear Market. The industrial segment is expected to be the largest application area in the global Pad-Mounted Switchgear Market because of the increasing need for highly reliable and continuous power in critical manufacturing and processing operations. Industries such as oil & gas, chemicals, mining, steel, cement, and automotive rely on robust electrical infrastructure to keep operations running smoothly, prevent costly downtime, and uphold safety standards. Pad-mounted switchgear systems are commonly used in these industrial facilities as they provide compact, tamper-proof, and weather-resistant enclosures suitable for tough environments. These systems enable safe power distribution, fault isolation, and quick service restoration, which are vital for operations that handle high-voltage loads and are often situated in remote or hazardous locations. Moreover, the growing automation of industrial processes and the expansion of industrial zones in emerging economies further boost the demand for advanced and smart pad-mounted switchgear solutions. Their ability to integrate with SCADA systems for real-time monitoring and control also improves operational efficiency, making them a preferred choice for modern industrial power networks. IEC standards are considered to be the largest market for pad-mounted switchgear. IEC standards are considered the largest market segment for pad-mounted switchgear due to their widespread adoption across different regions, especially in Europe, Asia Pacific, the Middle East, and Africa. The International Electrotechnical Commission (IEC) offers a globally recognized framework for designing, testing, and certifying electrical equipment, including pad-mounted switchgear, ensuring safety, reliability, and compatibility across international markets. IEC-compliant switchgear is widely used in utility, industrial, and commercial sectors where compliance with international standards is vital for equipment approvals, bid eligibility, and long-term grid integration. As many countries develop their power infrastructure and procurement policies aligning with global norms, IEC-based products provide manufacturers with scalability and standardized manufacturing processes. The IEC 62271 series, in particular, governs high-voltage switchgear and control gear, guaranteeing performance under various electrical and environmental conditions. Additionally, as modernization efforts accelerate in emerging economies, the demand for IEC-certified pad-mounted switchgear is increasing due to its durable design, suitability for underground distribution systems, and proven performance in both rural and urban settings. This global relevance, combined with rising cross-border infrastructure investments, makes IEC-standard products the dominant choice in the Pad-Mounted Switchgear Market. Europe is likely to emerge as the largest Pad-Mounted Switchgear Market Europe is set to become the largest market for pad-mounted switchgear, fueled by widespread grid modernization efforts, strict regulatory standards, and a strong push toward underground power distribution infrastructure. Many European countries are transitioning from overhead lines to underground systems to improve grid appearance, increase reliability, and guard against environmental disruptions like storms and wildfires. The European Union's ambitious goals for carbon neutrality and energy efficiency, along with directives encouraging the adoption of smart grids and renewable energy, have further boosted demand for advanced distribution technologies such as pad-mounted switchgear. Utilities across the region are increasingly investing in resilient and modular switchgear solutions that support automation, fault detection, and real-time monitoring—key needs for managing expanding decentralized energy networks. Additionally, Europe's dense urban areas and the demand for space-efficient, low-maintenance equipment make pad-mounted switchgear an ideal choice for residential, commercial, and industrial power distribution. With growing investments in green energy corridors, electric vehicle infrastructure, and digital substations, Europe is well-positioned to lead the global Pad-Mounted Switchgear Market during the upcoming years. Key Market Players The key players in this market include Eaton (Ireland), Hubbell (US), ABB (Switzerland), G&W Electric (US), S&C Electric (US), Powell (US), Federal Pacific (US), Entec Electric & Electronic (South Korea), NOJA Power (Australia), TIEPCO (Saudi Arabia), Ghorit Electricals (China), Ningbo Tianan Group (China), Trayer Switchgear (US), KDM Steel (China), Switchgear Power Systems (US), Park Detroit and Park Electric (US), Beijing Kylin Power & Technology (China), Telawne Power Equipments Pvt. Ltd. (India), Ormazabal (Brazil), and Actom (Boksburg). Request Sample Pages: Eaton (Ireland) Eaton (Ireland) is a leading player in the global Pad-Mounted Switchgear Market, known for its innovative, sustainable, and reliable distribution solutions tailored for utility, industrial, and commercial applications. The company offers a comprehensive portfolio of air-insulated, solid dielectric, and SF6-free pad-mounted switchgear designed for underground distribution systems where safety, environmental compliance, and aesthetics are critical. Eaton's switchgear is widely used in grid modernization, electric vehicle (EV) infrastructure, renewable energy zones, and critical facilities like data centers and hospitals. The company integrates advanced automation features into its systems, including remote monitoring, fault location, and FLISR capabilities, enabling utilities to develop self-healing and intelligent distribution networks. Eaton continues to expand its global presence through strategic acquisitions—such as the 50% stake in Jiangsu Huineng Electric Co., Ltd. in China—and collaborations with government and private entities, particularly in the U.S., to improve grid resilience and electrification. With its focus on digital power management, low-carbon technologies, and smart grid integration, Eaton remains a dominant force shaping the next generation of pad-mounted switchgear solutions worldwide. ABB (Switzerland) ABB (Switzerland) is a major global leader in the Pad-Mounted Switchgear Market, offering a wide range of durable, compact, and environmentally friendly solutions designed for medium-voltage underground distribution systems. Utilizing its extensive expertise in power technologies and automation, ABB delivers pad-mounted switchgear built for dependability, safety, and easy integration into smart grids. Its product lineup includes air-insulated, gas-insulated (including SF6-free options), and solid dielectric switchgear, all featuring intelligent controls, sensors, and communication interfaces for remote operation and diagnostics. ABB's pad-mounted switchgear is extensively used by utilities, renewable energy providers, transportation sectors, industrial parks, and critical infrastructure, helping clients improve network efficiency and minimize outage durations. The company places a strong emphasis on digitalization and grid automation, aligning its switchgear products with Industry 4.0 trends and energy transition efforts. ABB has invested heavily in R&D to develop eco-friendly, compact switchgear solutions that meet evolving global standards for emissions and safety. With a robust manufacturing and service presence across key regions, ABB remains a preferred supplier for large-scale grid modernization, urban infrastructure enhancements, and renewable energy projects. For more information, Inquire Now! Related Reports: Switchgear Market Gas Insulated Switchgear Market Get access to the latest updates on Pad-mounted Switchgear Companies and Pad-mounted Switchgear Industry About MarketsandMarkets™: MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets Sign in to access your portfolio
Zawya
11-07-2025
- Business
- Zawya
Qatar: Real estate trading in June reaches $462mln
Doha, Qatar: In June, the total value of real estate transactions reached 1,684,240,900 Qatari riyals. Data from the analytical real estate bulletin issued by the Ministry of Justice showed that 372 real estate transactions were recorded during the month. The municipalities of Doha, Al Rayyan, and Al Dhayen topped the most active transactions in terms of financial value in June, according to the real estate market index, followed by the municipalities of Al Wakrah, Umm Salal, Al Khor & Al Thakhira, Al Shamal, and Al Sheehaniya in transaction volumes. The real estate market index for June revealed that the financial value of transactions amounted to 922,345,812 riyals in Doha Municipality, 397,807,840 riyals in Al Rayyan, and 124,153,736 riyals in Al Daayen. Transactions in Al Wakrah reached 90,074,063 riyals, Umm Salal registered 82,987,792 riyals, Al Khor & Al Thakhira recorded 49,403,214 riyals, Al Shamal registered 15,168,470 riyals, and Al Sheehaniya recorded 2,300,000 riyals. In terms of the index of transacted areas, Doha, Al Rayyan, and Al Daayen were the most active municipalities during June, accounting for 34% in Doha, followed by 32% in Al Rayyan, 11% in Al Daayen, while Umm Salal recorded 9%, Al Wakrah and Al Khor & Al Thakhira recorded 6% each, and Al Shamal accounted for 2% of the total transacted areas. Regarding the number of real estate transactions (properties sold), Doha was the most active in June, with 32% of transactions, followed by 30% in Al Rayyan, 10% in both Al Wakrah and Al Daayen, 9% in Umm Salal, 6% in Al Khor & Al Thakhira, and 3% in Al Shamal. Average price per square foot in June ranged between 396 and 952 riyals in Doha, 290 to 486 riyals in Al Wakrah, 304 to 406 riyals in Al Rayyan, 268 to 478 riyals in Umm Salal, 297 to 494 riyals in Al Daayen, 196 to 356 riyals in Al Khor & Al Thakhira, 174 to 252 riyals in Al Shamal, and 252 riyals in Al Sheehaniya. In terms of high-value transactions, Doha recorded nine out of the top ten highest-valued properties sold in June, with one property recorded in Al Rayyan. As for mortgage transactions during the same month, there were 123 mortgage transactions with a total value of 2,313,656,437 riyals. Doha recorded the highest number of mortgage transactions with 53 deals (43.1% of total mortgaged properties), followed by 29 in Al Rayyan (23.6%), 15 in Al Wakrah (12.2%), 12 in Al Daayen (9.8%), 10 in Umm Salal (8.1%), 2 in Al Khor & Al Thakhira (1.6%), and one transaction each in Al Shamal and Al Sheehaniya (0.8%). In terms of mortgage value, Doha ranked first with 1,683,664,843 riyals, while Al Shamal recorded the lowest value at 560,000 riyals. Looking at the ratio of mortgaged properties to their financial value, the number of mortgaged properties was higher than the mortgage amounts in all municipalities except Doha, where the mortgage amounts were proportionally higher than the number of mortgage transactions. Doha recorded eight of the top ten mortgaged properties in June, with one property each in Al Rayyan and Al Daayen. The top ten mortgaged properties accounted for 71% of the total mortgage value for June. Residential unit transactions in June reached 166 deals, with a total value of 313,779,536 riyals. Data for June 2025 show that the real estate sector continues its steady and robust growth across investment and commercial segments, maintaining the strong activity seen recently, especially with the issuance of new laws and decisions related to property registration, documentation, ownership, and usufruct, as well as regulations that attract domestic and foreign capital. These figures reflect the strength and resilience of Qatar's economy and the continued growth of the real estate sector as a key component of the national economy. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Argaam
10-07-2025
- Business
- Argaam
Idle land fees regulation submitted for public feedback
The Ministry of Municipalities and Housing, through the 'Istitlaa" platform, invited the public to express their views on the executive regulations of the idle land fees law, no later than July 25, 2025. This comes with the aim to raise the efficiency of fees on idle lands to spur the real estate market, increase the supply of developed lands and real estate units, achieve a balance between supply and demand, protect fair competition, and combat monopolistic practices, said the ministry.
CTV News
19-06-2025
- Business
- CTV News
Ontario to provide ice storm recovery funding for businesses, municipalities
Ontario Premier Doug Ford arrives in Barrie, Ont. on Friday, April 4, 2025 to inspect the damage from the ice storm and thank front-line workers and volunteers. THE CANADIAN PRESS/Christopher Drost The Ontario government says it's introducing two financial assistance programs to help municipalities and businesses recover from a severe March ice storm. The storm in late March left nearly 400,000 homes and businesses with power outages and damaged property as freezing rain covered parts of Ontario in layers of ice. The province says it will launch two one-time financial assistance programs to help with ice storm recovery, including one to help municipalities pay for emergency response and cleanup costs such as clearing fallen trees. The other program will provide up to $5 million for small businesses, small farms and not-for-profit organizations to pay for storm-related cleanup and essential repairs not covered by private insurance. Related Articles The province did not specify how much money it has set aside for the programs, but said final amounts for business assistance will be based on the number of applicants and eligible costs, while municipal funding will be based on the eligible emergency response and recovery costs. The province says eligible businesses and municipalities will have until Oct. 31 to apply for the funding. This report by The Canadian Press was first published June 19, 2025.
