AI · SEMICONDUCTOR · FACT CHECK
SKD WIREMostly True
The global air-insulated switchgear (AIS) market is forecast to exceed $100 billion by 2031, according to market research firm MarketsandMarkets, whose projection supports claims circulating about the segment's growth outlook.
Air-insulated switchgear, a core component of electrical power distribution networks, is seeing rising demand as grid operators expand and modernize infrastructure. The MarketsandMarkets forecast places the market on a trajectory to break the $100 billion mark in 2031, a projection based on the firm's segment-level analysis of the switchgear market.
The research draws on publicly available imagery and market data from MarketsandMarkets, alongside related materials from industry suppliers including Hitachi Energy, a major manufacturer of switchgear equipment.
No contradicting forecasts were found in the sources reviewed, and the projection aligns with the published MarketsandMarkets figures. The claim that the air-insulated switchgear market is expected to top $100 billion in 2031 is Mostly True.
