Medium Voltage Switchgears Market, Future Demand, Industry Analysis & Overview , Forecast to 2025

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.

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Medium Voltage Switchgears are a complete set of switchgears and control equipments used for Medium Voltage (3.6～40.5kV). It acts as a power center and a main power distribution unit. Mainly used for power lines, the main electrical equipment control, monitoring, measurement and protection. Often set in the substation, power distribution room, etc.

ABB, Schneider Electric and Siemens captured the top three revenue share spots in the Medium Voltage Switchgears market in 2016.ABB dominated with 8.39 percent revenue share, followed by Schneider Electric with 7.18 percent revenue share and Siemens with 6.65percent revenue share.

Despite the presence of competition problems, due to the clear global recovery trend, investors are still optimistic about this area, in future still more new investment will enter into the field. Technology and cost are two major problems.

Against a backdrop of tough economic climate, corporate success will critically hinge upon the ability to research and develop new innovative products at competitive prices and validate new applications for existing products to distinguish themselves from that of competitors. Growth in switchgears will also be sustained by government directives to replace older redundant systems to achieve operational safety, and security in industrial establishments.

The Medium Voltage Switchgears market was valued at xx Million US$ in 2017 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Medium Voltage Switchgears.

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The following manufacturers are covered in this report:

 ABB

 Siemens

 Eaton

 Schneider Electric

 GE Industrial

 Toshiba

 Hitachi

 CHINT

 Mitsubishi Electric

 Lucy Electric

 Fuji Electric

 Bharat Heavy Electricals

 Crompton Greaves Ltd.

 BOER

 Hyundai Heavy Industries

 Efacec

 Nissin Electric

 Dual-ADE

 Powell Industries

 Henan Senyuan Electric

 Hyosung Power & Industrial Systems

 Huatech

Medium Voltage Switchgears Breakdown Data by Type

 Air Insulated Switchgears

 Gas Insulated Switchgears

 Others

Medium Voltage Switchgears Breakdown Data by Application

 Residential

 Industrial

 Commercial

 Utility Installations

Medium Voltage Switchgears Production by Region

 United States

 Europe

 China

 Japan

 Other Regions

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The study objectives are:

 To analyze and research the global Medium Voltage Switchgears status and future forecast,involving, production, revenue, consumption, historical and forecast.

 To present the key Medium Voltage Switchgears manufacturers, production, revenue, market share, and recent development.

 To split the breakdown data by regions, type, manufacturers and applications.

 To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.

 To identify significant trends, drivers, influence factors in global and regions.

 To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

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This release was published on openPR.