+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free

Medium Voltage Switchgear Market: Adoption of Smart Grid Technology to Boost the Market Growth, finds TMR

Posted on Jan 16, 2018

Attributable to the nearness of worldwide and provincial merchants, this market is divided. They sellers in the market are contending based particle the cost, item offering and dispatch of new item in the market. The expansive firms in the market are having significant offer because of variables, for example, item plan, quality, turnaround time, administrations offered, highlights of the item, and upkeep of client connections. Major organizations in the worldwide medium voltage switchgear market incorporate General Electric, Schneider Electric SE, ABB, and Siemens AG. The medium voltage switchgear market is probably going to give a strong chance for upcoming firms in the coming a very long time because of the quickly developing interest for charge in creating nations. Notwithstanding, settled players are probably going to hold a solid predominance in the worldwide medium voltage switchgear market in a few years.

medium voltage switchgear marketAsia Pacific to be a Dominant Region in Medium Voltage Switchgear Market

Based on a report by Transparency Market Research, the worldwide medium voltage switchgear market is relied upon to show a powerful CAGR of 8.7% within the forecast period from 2017 to 2025. This market was evaluated to be worth US$ 22.5 bn in year 2017 and is foreseen to ascend to a value over US$ 44 bn by the end of 2025. Asia Pacific dominated the worldwide medium voltage switchgear market in year 2016 as far as both revenue and volume demand, and is required to keep up its soaring situation in the coming years too. The 6kV – 15kV switchgear section held the biggest market share as far as revenue is concerned. Then again, the 3kV – 5kV switchgear section is relied upon to show the most encouraging development rate amid the conjecture time frame regarding both revenue and volume.

The medium voltage switchgear market is subject to the worldwide development in reception of electrical energy division gadgets in a region and is hence determined fundamentally by the growing interest for electrification activities in developing nations. The predominance of Asia Pacific in the worldwide medium voltage switchgear market is based mainly on the immense interest for new electrification assignments in developing nations where development of urban foundation has turned into a best need as of late. The developing spotlight of a few governments on provincial charge is additionally liable to profit the medium voltage switchgear market in the upcoming times.

Rise in Government Activities to Propel Global Medium Voltage Switchgear Market

The developing selection of smart grid advancement crosswise is an imperative factor for the worldwide medium voltage switchgear market. Smart grid establishments require exact control over different parts of the power circulation framework, making medium voltage switchgear to augment the range of the innovation. The expanding government activities for embracing smart grid innovation in several regions are consequently prone to show in expanded demand for the medium voltage switchgear market. As the computerization of process is blasting over every one of the businesses, the worldwide switchgear market is seeing the enormous development openings.

Research investigation on the worldwide medium voltage switchgear market recognizes that establishment of new present day transformers will be one of the central point that will positively affect the development of the market. The developing transmission and distribution foundations to take care of the expanding demand for control. Switchgears and transformers frame a basic piece of the transmission and distribution, this will help being developed of brilliant networks, modernization of existing transformers which will in this manner drive the interest for medium voltage switchgears.

The study presented here is based on a report by Transparency Market Research (TMR), titled, “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.

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

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

Back To Top