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Medium Voltage Switchgear Market 2019-2025: Trends and Forecast Analysis

Author : Rahul Sankrityayan | Published Date : 2019-08-07 

Medium Voltage Switchgear Market study focuses major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure.

Medium Voltage (MV) Switchgear Market in 2018, exceeded an annual installation of 7,000 thousand units and is projected to surpass USD 50,000 million by 2025. Ongoing fund allocation with an aim to escalate the overall economic growth supported by FDI schemes to favor industrial & commercial establishments will positively influence the demand for primary & secondary power distribution network. Moreover, ongoing digitalization across large-scale commercial electric networks in line with rising energy demand from data centers & communication base stations will positively influence the industry landscape.

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Aesthetic proximity, diverse applicability and product versatility are key factors favouring the demand for protection devices which include disconnectors, switches and circuit breaker. Utilities and large-scale industrial establishments install high voltage electrical lines which require efficient electrical components to avoid surplus current interruptions which in turn will foster the product demand. In addition, stringent energy efficiency mandates favoured by expansion of grid integrated sustainable energy networks will further augment the MV switchgear market.

Metal enclosed medium voltage (MV) switchgear market is predicted to witness an annual installation of over 5,000 thousand units by 2025. Easy replacement, unique design & construction, safe & reliable operations and proper interlocking arrangement between various components are the few indispensable parameters nurturing the product demand. Furthermore, rising concerns to reduce electricity supply faults, fire hazards and short circuits and have further strengthened the business outlook.

Vacuum insulated MV switchgear market in the current scenario, holds the majority share on account of higher consumer reliability and less competence from alternate insulation technologies. These products have gained impetus owing to their anti-leakage configurations, reliable & safe operations and optimum lifetime cost. Although, these products involve higher initial costs in comparison to other manufactured insulation technologies however, consumer inclination & utility preference has favoured its deployment owing to lower maintenance costs and longer lifecycle.

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In the recent years, switchgears owing to their diverse voltage ratings and varied applicability across transformer substations and power stations have gained significance, amplifying the global medium voltage switchgear market share. Furthermore, increasing electricity demand coupled with strict regulations to form an energy effective environment have integrated a favourable industrial scenario. Rising inclination towards ensuring and conserving uninterrupted electricity supply, power stations have shifted their inclination towards smart & advanced technologies which in turn will further sway the industry landscape.

Rising demand for refurbishment & retrofitting of traditional electrical infrastructure along with growing investments toward the enhancement of operational and technological prospects will stimulate the medium voltage switchgear market across North America. In addition, reliability, longevity, economical costs coupled with operational flexibility are few of the significant features energizing the business dynamics.

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Eminent MV switchgear market participants include: GE, ABB, Siemens, Schneider, Mitsubishi, Crompton Greaves, Ormazabal, Chint Group, BHEL, Eaton, Hyundai Heavy Industries, Hyosung, Lucy Electric, Toshiba and Powell.

Chapter 4 Medium Voltage Switchgear Market, By Voltage

4.1 Medium voltage switchgear market share by voltage, 2018 & 2025

4.2 3 kV to 9 kV

4.2.1 Global market from 3 kV to 9 kV, 2014 - 2025

4.2.2 Global market from 3 kV to 9 kV, by region, 2014 - 2025

4.3 > 9 kV to 15 kV

4.3.1 Global market from > 9 kV to 15 kV, 2014 - 2025

4.3.2 Global market from > 9 kV to 15 kV, by region, 2014 - 2025

4.4 > 15 kV to 21 kV

4.4.1 Global market from > 15 kV to 21 kV, 2014 - 2025

4.4.2 Global market from > 15 kV to 21 kV, by region, 2014 - 2025

4.5 > 21 kV to 27 kV

4.5.1 Global market from > 21 kV to 27 kV, 2014 - 2025

4.5.2 Global market from > 21 kV to 27 kV, by region, 2014 - 2025

4.6 > 27 kV to 33 kV

4.6.1 Global market from > 27 kV to 33 kV, 2014 - 2025

4.6.2 Global market from > 27 kV to 33 kV, by region, 2014 - 2025

4.7 > 33 kV

4.7.1 Global market from > 33 kV, 2014 - 2025

4.7.2 Global market from > 33 kV, by region, 2014 - 2025

Chapter 5 Medium Voltage Switchgear Market, By Component

5.1 Medium voltage switchgear market share by component, 2018 & 2025

5.2 Circuit breaker

5.2.1 Global market from circuit breaker, 2014 - 2025

5.2.2 Global market from circuit breaker, by region, 2014 - 2025

5.3 Contractors

5.3.1 Global market from contractors, 2014 - 2025

5.3.2 Global market from contractors, by region, 2014 - 2025

5.4 Switches & disconnectors

5.4.1 Global market from switches & disconnectors, 2014 - 2025

5.4.2 Global market from switches & disconnectors, by region, 2014 - 2025

5.5 Fuses

5.5.1 Global market from fuses, 2014 - 2025

5.5.2 Global market from fuses, by region, 2014 - 2025

5.6 Others

5.6.1 Global market from others, 2014 - 2025

5.6.2 Global market from others, by region, 2014 - 2025

Chapter 6 Medium Voltage Switchgear Market, By Installation

6.1 Medium voltage switchgear market share by installation, 2018 & 2025

6.2 Indoor

6.2.1 Global market from Indoor, 2014 - 2025

6.2.2 Global market from Indoor, by region, 2014 - 2025

6.3 Outdoor

6.3.1 Global market from Outdoor, 2014 - 2025

6.3.2 Global market from Outdoor, by region, 2014 - 2025

Chapter 7 Medium Voltage Switchgear Market, By Insulation

7.1 Medium voltage switchgear market share by insulation, 2018 & 2025

7.2 Air

7.2.1 Global market from air, 2014 - 2025

7.2.2 Global market from air, by region, 2014 - 2025

7.3 Gas

7.3.1 Global market from gas, 2014 - 2025

7.3.2 Global market from gas, by region, 2014 - 2025

7.4 Oil

7.4.1 Global market from oil, 2014 - 2025

7.4.2 Global market from oil, by region, 2014 - 2025

7.5 Vacuum

7.5.1 Global market from vacuum, 2014 - 2025

7.5.2 Global market from vacuum, by region, 2014 - 2025

7.6 Others

7.6.1 Global market from others, 2014 - 2025

7.6.2 Global market from others, by region, 2014 - 2025

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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