Press release
Medium Voltage Switchgear Market to exceed $50 bn by 2025 Major participants include Mitsubishi, Schneider, Eaton, Hyosung, Hyundai Heavy Industries, Lucy Electric, Powell and Toshiba
The MV switchgear market has gained an upsurge on account of rising electricity demand coupled with increasing need for effective T&D control systems. Accruing concerns associated with health, electricity supply faults, fire and other related hazards in line with lack of efficient electrical network across emerging regions will boost the industry landscape. Furthermore, ease of installation, cost effectiveness, safe and reliable operations are few prominent parameters favoring the business outlook.
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Voltage ratings prove to be a standard industry protocol for the installation of switchgear units across utilities, large-scale industries and residential peripherals. In the recent years, 9 kV to 15 kV MV switchgear market has witnessed a growth owing to refurbishment & retrofitting of small-scale industries and large-scale commercial establishments. In addition, the rising demand for energy favored by positive consumer inclination to infuse renewable electricity infrastructure will complement the industry landscape.
Diverse applicability, aesthetic proximity and product versatility are essential factors swaying the demand for circuit safety equipment including switches, disconnectors and circuit breakers. Utility and industrial deployments integrate electrical lines with extra high voltages which require efficient electrical devices to avoid short fluctuations and faults which in turn will stimulate the global market.
Report Content
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Medium Voltage Switchgear Industry Insights
Chapter 4 Medium Voltage Switchgear Market, By Voltage
Chapter 5 Medium Voltage Switchgear Market, By Component
Chapter 6 Medium Voltage Switchgear Market, By Installation
Chapter 8 Medium Voltage Switchgear Market, By Enclosure
Chapter 9 Medium Voltage Switchgear Market, By End Use
Chapter 10 Medium Voltage Switchgear Market, By Application
The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
• Definition and scope of research
• Market dynamics, growth drivers and industry pitfalls
• Regulatory and political guidelines for the industry
• Demographics and statistical data
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All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.
Significant emphasis is put on primary research, which serves the dual role or not only validating our findings but also obtaining penetrating market insights, which help us gain more clarity regarding business environment and competitive leverage. Notable participants in our primary research process include:
• Leadership figures such as CEOs, CSOs, VPs etc. in key companies
• Supply-chain participants, distributors and domain experts
• Key customers and B2B clients
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Medium voltage switchgear market research report includes in-depth coverage of the industry with estimates & forecast in terms “Units” and ‘USD” from 2014 to 2025, for the following segments:
MV Switchgear Market, By Component
• Circuit Breakers
• Contactors
Switches & Disconnector
• Fuses
• Others
MV Switchgear Market, By Installation
• Indoor
• Outdoor
MV Switchgear Market, By Insulation
• Air
• Gas
• Oil
• Vacuum
• Others
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
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