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Published Date: 2017-08-16Number of Pages: 206

Medium Voltage Switchgear Market (Voltage - 3kV - 5kV, 6kV - 15kV, 17kV - 27kV and 28kV - 40Kv; Insulation - Air Insulated Switchgear and Gas Insulated Switchgear; End User - Power Plant, Commercial Sector, Oil, Gas and Petrochemical, Utility Sector, and Paper and Pulp Industry) - Global Industry Analysis, Trend, Size, Share and Forecast 2017 - 2025

Global Medium Voltage Switchgear Market: Snapshot

Switchgears are switching devices that are specially designed to regulate, control, and protect various types of power generation, distribution, and transmission equipment. It is also used to provide protection to different electric motor control systems installed across various end user segments. In electric power systems, switchgears are a combination of circuit breakers or fuses and disconnect switches. The purpose of switchgears is to de-energize the equipment and allow maintenance work to be done and clear downstream faults. Medium voltage switchgears ranges from 3kV to 40 kV. The global medium voltage switchgear market is anticipated to experience steady growth during the forecast period from 2017 to 2025 owing to rapid electrification and advent of smart grid technology across the world.

medium voltage switchgear market

Asia Pacific Likely to Dominate Medium Voltage Switchgear Market

For the purpose of providing an in-depth and exhaustive analysis of the medium voltage switchgear market across the globe, the market has been segmented on the basis of voltage, insulation, and end user. Based on different voltage ratings of medium voltage switchgear available in the market, the market has been classified into 3kV – 5kV, 6kV – 15kV, 17kV – 27kV and 28kV – 40kV. In addition, depending on the insulating medium, the global medium voltage switchgear market has been categorized into air insulated switchgear, gas insulated switchgear, and others. The others segment includes switchgears whose insulation is based on solid and oil.

In 2016, among the different voltage ratings of medium voltage switchgear available in the market, the 6kV – 15kV switchgear segment held the largest market share in terms of revenue generation (USD billion). On the other hand, the 3kV – 5kV switchgear segment is expected to exhibit the most promising growth rate during the forecast period in terms of both value and volume. The demand for 3kV to 5 kV switchgears is anticipated to increase at an exponential rate in the coming years owing to its increasing usage in electrification in commercial, residential, and other real estate projects across the globe.

Moreover, information related to demand for medium voltage switchgear across various end user segments including power plants, the commercial sector, the oil, gas, and petrochemicals sector, utilities, and the paper and pulp industry, among others, is also highlighted in this report. Furthermore, cross sectional analysis of the market segments across Asia Pacific, North America, Europe, the Middle East and Africa (MEA), and Latin America is furnished in the report.

Geographically, Asia Pacific dominated the global medium voltage switchgear market in 2016 in terms of both revenue generation and volume demanded, and is expected to maintain its leading position in the coming years also. Initiation of smart grid initiatives by several governments in this region, coupled with the huge investment for upgrading power transmission and distribution systems, is the primary factor behind this region’s dominance in the global medium voltage switchgear market.

Rising Demand for Electrification Drives Demand from Medium Voltage Switchgear Market

Increasing demand for electrification along with adoption of smart grid technology in emerging countries is one of the primary factors expected to boost the demand from the medium voltage switchgear market in the coming years. There has always been a problem of electrification in the emerging countries, which has hindered the growth of industrial and construction sectors. Furthermore, lack of proper electrification in industries has been inhibiting the use of switchgears and other advanced equipment, which require electricity. As of 2015, the electrification rate was less than 68% in South Asian countries such as Sri Lanka, Laos, India and Indonesia.

Countries such as India and China have taken significant steps to improve the penetration of electrification. In India, the government has decided to spend a significant part of the 12th five-year plan (2012-2017) on electrification projects. The Chinese government had announced its plan to achieve 100% rural electrification by the end of 2015, which has been successful. With the increase in electrification and adaptation of smart grid technology, demand for middle-grade switchgear is set to increase in emerging countries during the forecast period.

In terms of competitive landscape, some of the major players operating in the global medium voltage switchgear market includes Schneider Electric SE (France), ABB (Switzerland), Siemens AG (Germany) and General Electric (the U.S) among others.

Global Medium Voltage Switchgear Market: Overview

Renewal of age old electricity transmission and distribution networks across different parts of the world is one of the key factor anticipated to trigger the demand for different categories of medium voltage switchgears during the forecast period from 2017 to 2025. Medium voltage switchgears require advanced and efficient current transmission and distribution networks for better performance. Old and obsolete transmission and distribution networks have become a concern for better functioning of medium voltage switchgears across various commercial and residential sectors. In addition, concerns regarding greenhouse gas emission of CO2, SF6 insulation medium of gas insulated switchgears have increased in developed countries. Concerns regarding greenhouse gas emission of old transmission and distribution networks have also triggered the demand for renewal of existing systems or installation of new medium voltage switchgear assembly. Owing to all these factors, demand for newer and efficient transmission and distribution networks are set to accelerate the demand of medium voltage switchgear during the forecast period from 2017 to 2025. Moreover, rapid growth of construction sector and industrial infrastructure in developing nations of India, China and Indonesia among others owing to the rising spending on housing, airport development and ports, roads, railways and water supply is also expected to boost the demand of medium voltage switchgears in the coming years. As medium voltage switchgears are largely used in commercial as well as residential construction projects, the growth of construction and industrial infrastructure is anticipated to influence the demand of medium voltage switchgear in the near future.

Global Medium Voltage Switchgear Market: Segmentation

In order to provide an extensive analysis of the global medium voltage switchgear market, the market has been classified on the basis of voltage rating, insulation and end users. Based on different voltage ratings of medium voltage switchgears available in the market, the global medium voltage switchgear has been segmented into 3kV – 5kV, 6kV – 15kV, 17kV – 27kV and 28kV – 40kV. In addition, depending on the insulation material, the market has been further segmented into air insulated switchgear and gas insulated switchgear among others. Further, information related to current market demand along with future expected demand trend of medium voltage switchgears from various end user segments including power plant, commercial sector, oil, gas and petrochemical, utility sector and paper and pulp industry among others is also provided in this report. Moreover, for the purpose of providing an in-depth regional perspective of medium voltage switchgear market across different region, the global medium voltage switchgear market has been segmented into Asia Pacific, North America, Europe, Middle-East and Africa (MEA) and Latin America.

Global Medium Voltage Switchgear Market: Research Methodology

For supporting different strategic decision making, the major players in the medium voltage switchgear market have been profiled competitively for different broad geographical regions. In addition, the report also provides competitive analysis of the market players in which the leading strategies adopted by the key players to maintain their leading position in the market and the market share of the leading players in terms of percentage across different regions has also been highlighted in this report. Further, market attractiveness analysis in respect of insulation is also provided in this report in order to provide deep insight regarding growth prospective of air insulated switchgear and gas insulated switchgear segment during the forecast period.

The report also provides assessment of various drivers that is impacting the global medium voltage switchgear market, along with the restraints and opportunities that are anticipated to affect the demand of medium voltage switchgear in the coming years. For each segment (such as voltage rating, insulation and end user), market dynamics analysis has also been provided in this report. The cumulative effect of all these factors helps to track different trends that is anticipated to affect the market growth. Furthermore, after taking into consideration all this factors, an extensive analysis of the region wise growth parameters of medium voltage switchgear market along with the overall assessment during the forecast period from 2017 - 2025 has been also been furnished within this report.

Global Medium Voltage Switchgear Market: Competitive Dynamics

In terms of competitive landscape, the global medium voltage switchgear market is fragmented in nature due to the presence of large number of established and local manufacturers. Some of the prominent medium voltage switchgear manufacturers profiled in the report includes Schneider Electric SE (France), ABB (Switzerland), Siemens AG (Germany) and General Electric (The U.S) among others.

The medium voltage switchgear market has been segmented as follows:

Global Medium Voltage Switchgear Market, by Voltage

  • 3kV – 5kV
  • 6kV – 15kV
  • 17kV – 27kV
  • 28kV – 40kV

Global Medium Voltage Switchgear Market, by Insulation

  • Air Insulated Switchgear
  • Gas Insulated Switchgear
  • Others

Global Medium Voltage Switchgear Market, by Geography

  • North America
    • North America Medium Voltage Switchgear Market, by Voltage
      • 3kV – 5kV
      • 6kV – 15kV
      • 17kV – 27kV
      • 28kV – 40kV
    • North America Medium Voltage Switchgear Market, by Insulation
      • Air Insulated Switchgear
      • Gas Insulated Switchgear
      • Others
    • North America Medium Voltage Switchgear Market, by End User
      • Power Plant
      • Commercial Sector
      • Oil, Gas and Petrochemical
      • Utility Sector
      • Paper and Pulp Industry
      • Others
    • North America Medium Voltage Switchgear Market, by Country
      • The U.S
      • Canada
      • Mexico
  • Europe
    • Europe Medium Voltage Switchgear Market, by Voltage
      • 3kV – 5kV
      • 6kV – 15kV
      • 17kV – 27kV
      • 28kV – 40kV
    • Europe Medium Voltage Switchgear Market, by Insulation
      • Air Insulated Switchgear
      • Gas Insulated Switchgear
      • Others
    • Europe Medium Voltage Switchgear Market, by End User
      • Power Plant
      • Commercial Sector
      • Oil, Gas and Petrochemical
      • Utility Sector
      • Paper and Pulp Industry
      • Others
    • Europe Medium Voltage Switchgear Market, by Country
      • U.K
      • Germany
      • Italy
      • France
      • Russia
      • Rest of Europe
  • Asia Pacific
    • Asia Pacific Medium Voltage Switchgear Market, by Voltage
      • 3kV – 5kV
      • 6kV – 15kV
      • 17kV – 27kV
      • 28kV – 40kV
    • Asia Pacific Medium Voltage Switchgear Market, by Insulation
      • Air Insulated Switchgear
      • Gas Insulated Switchgear
      • Others
    • Asia Pacific Medium Voltage Switchgear Market, by End User
      • Power Plant
      • Commercial Sector
      • Oil, Gas and Petrochemical
      • Utility Sector
      • Paper and Pulp Industry
      • Others
    • Asia Pacific Medium Voltage Switchgear Market, by Country
      • China
      • India
      • Japan
      • Australia
      • Korea
      • Indonesia
      • Rest of Asia Pacific
  • Middle-East and Africa (MEA)
    • Middle-East and Africa (MEA) Medium Voltage Switchgear Market, by Voltage
      • 3kV – 5kV
      • 6kV – 15kV
      • 17kV – 27kV
      • 28kV – 40kV
    • Middle-East and Africa (MEA) Medium Voltage Switchgear Market, by Insulation
      • Air Insulated Switchgear
      • Gas Insulated Switchgear
      • Others
    • Middle-East and Africa (MEA) Medium Voltage Switchgear Market, by End User
      • Power Plant
      • Commercial Sector
      • Oil, Gas and Petrochemical
      • Utility Sector
      • Paper and Pulp Industry
      • Others
    • Middle-East and Africa (MEA) Medium Voltage Switchgear Market, by Country
      • UAE
      • South Africa
      • Saudi Arabia
      • Rest of Middle-East and Africa (MEA)
  • Latin America
    • Latin America Medium Voltage Switchgear Market, by Voltage
      • 3kV – 5kV
      • 6kV – 15kV
      • 17kV – 27kV
      • 28kV – 40kV
    • Latin America Medium Voltage Switchgear Market, by Insulation
      • Air Insulated Switchgear
      • Gas Insulated Switchgear
      • Others
    • Latin America Medium Voltage Switchgear Market, by End User
      • Power Plant
      • Commercial Sector
      • Oil, Gas and Petrochemical
      • Utility Sector
      • Paper and Pulp Industry
      • Others
    • Latin America Medium Voltage Switchgear Market, by Country
      • Brazil
      • Rest of Latin America


 
 
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