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Globe and Mail
30-07-2025
- 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. 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The National
10-06-2025
- Business
- The National
Antonio Guterres: We need a rescue plan for sustainable development
This month, leaders will gather in Sevilla, Spain, on a rescue mission: to help fix how the world invests in sustainable development. The stakes could not be higher. A decade after the adoption of the Sustainable Development Goals and many global commitments to finance them, two thirds of the targets are lagging. And the world is falling short by over $4 trillion annually in the resources developing countries need to deliver on these promises by 2030. Meanwhile, the global economy is slowing, trade tensions are rising and aid budgets are being slashed while military spending soars and international co-operation is under unprecedented strain. The global development crisis is not abstract. It is measured in families going to bed hungry, children going unvaccinated, girls being forced to drop out of school and entire communities deprived of basic services. We must correct course. That begins at the Fourth International Conference on Financing for Development in Sevilla, where an ambitious, globally supported plan to invest in the Sustainable Development Goals must be adopted. That plan should include three essential elements. First, Sevilla must help accelerate the flow of resources to the countries who need it most. Fast. Countries must be in the driver's seat, mobilising domestic resources by strengthening revenue collection and addressing tax evasion, money laundering and illicit financial flows through international co-operation. This would provide much-needed resources to prioritise spending on areas with the greatest impact such as education, health care, jobs, social protection, food security and renewable energy. At the same time, national development banks, regional and Multilateral Development Banks need to come together to finance major investments. To support this, the lending capacity of these banks needs to triple so developing countries can better access capital on affordable terms with longer timelines. This increased access should include re-channeling of unconditional reserve assets – or Special Drawing Rights – to developing countries, preferably through Multilateral Development Banks to multiply their impact. A decade after the adoption of the Sustainable Development Goals and many global commitments to finance them, two-thirds of the targets are lagging Private investment is also essential. Resources can be unlocked by making it easier for private finance to support bankable development projects and by promoting solutions that mitigate currency risks and combine public and private finance more effectively. Throughout, donors must keep their development promises. Second, we must fix the global debt system. It is unfair and broken. The current borrowing system is unsustainable, and developing countries have little confidence in it. It's easy to see why. Debt service is a steamroller crushing development gains, to the tune of more than $1.4 trillion a year. Many governments are forced to spend more on debt payments than on essentials like health and education combined. Sevilla must result in concrete steps to reduce borrowing costs, facilitate timely debt restructuring for countries burdened by unsustainable debt, and prevent debt crises from unfolding in the first place. In advance of the conference, a number of countries put forward proposals to ease the debt burden on developing countries. This includes making it easier to pause debt service in times of emergency; establishing a single debt registry to strengthen transparency; and improving how the IMF, World Bank and credit-ratings agencies assess risks in developing countries. Finally, Sevilla must raise the voice and influence of developing countries in the international financial system so it better serves their needs. International financial institutions must reform their governance structures to enable greater voice and participation of developing countries in the management of the institutions they depend on. The world also needs a fairer global tax system, one shaped by all governments – not just the wealthiest and most powerful. The creation of a 'borrowers club' for countries to coordinate their approaches and learn from one another is another promising step toward addressing power imbalances. The meeting in Sevilla is not about charity. It's about justice, and building a future in which countries can thrive, build, trade and prosper together. In our increasingly interconnected world, a future of haves and have-nots is a recipe for even greater global insecurity that will keep weighing down progress for all. With renewed global commitment and action, Sevilla can spark new momentum to restore a measure of faith in international co-operation and deliver on sustainable development for people and planet.
