Medium Voltage Switchgear Market 2026, Increasing Demand with Leading key players Eaton, Schneider Electric, General Electric, Mitsubishi Electric Corporation, ABB, Jyoti Ltd., Siemens, Fuji Electric Co., Ltd., Toshiba International Corporation, SENTEG Sc

The information is shared by Fortune Business Insights, in a report, titled "Medium Voltage Switchgear" Market Size, Share and Global Trend By Installation (Indoor, Outdoor), By Insulation Medium (Air, Oil, Gas, Others), By Application (Residential, Commercial, Industrial, Utility), and Geography Forecast till 2026. The research report comprehensively covers different aspects of the global market. These include drivers, high growth areas, opportunities, restraints, and unbiased market trends prevalent in the market. These aspects will further help stakeholders to plan and align their business strategies as per the present and forthcoming market dynamics. Furthermore, the report offers a detailed analysis of the competitive landscape and throws light on some of the significant industry developments.

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Key Market Driver - Grid infrastructure development and high consumption of electricity
Key Market Restraint - Highly expensive and environmental concern

Segmentation

1. By Installation
o Indoor
o Outdoor
2. By Insulation Medium
o Air
o Oil
o Gas
o Others
3. By Application
o Residential
o Commercial
o Industrial
o Utility
4. By Geography
o North America (USA and Canada)
o Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
o Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
o Latin America (Brazil, Mexico and Rest of Latin America)
o Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

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Key Industry Developments

o In January 2019, Eaton made an agreement to acquire an 82.275% controlling stakes of Ulusoy Electrik, a leading switchgear manufacturer in Ankara, Turkey for its expanding business in Europe & MEA.
o In November 2018, Mitsubishi has won a contract worth D1.7m for new waste to energy plant in the UK with a capability to process 200,000 tonnes a year of post-recycled municipal solid waste. Mitsubishi Electric will supply 11kV medium voltage switchgear, power and distribution transformers, PLC hardware, and project management services.
o In June 2018, Schneider Electric introduced CBGS-0 new medium voltage switchgear in the market that has gas-insulated switchgear with solid dielectric busbar with application up to 38kV, 2000A, and 31.5A.

Lucy Electric, a company which specializes in developing medium voltage switchgear received an Emissions Measurement and Reduction Scheme or CEMARS certification in October 2019. The company's hard work paid off owing to the commitment to reducing greenhouse gas emissions. Increasing demand for electrification across the world is driving the global medium voltage switchgear market. Medium voltage switchgear systems are gaining traction as they help to minimize the circuit outage when electrical work is going on power and cables stations.
Moreover, switchgear help to maintain and handle safety at different levels of distribution units. This switchgear keeps a continuous check on any faults in circuits, thereby preventing the equipment from any damage. Medium voltage switchgear plays a crucial role in the industrial sector as keeping a watch in overload protection is of utmost importance. Switchgear enables the safe operating of machines and keeps them in a good condition throughout. Spurred by these factors, the demand for medium voltage switchgear is expected to increase in the forthcoming years.

Market Landscape and Market Scenario Includes:

o Current market size estimate
o Revenues by players Top Companies
o Market size by product categories
o Market size by regions/country

Increasing Urban Density to Augment Demand in North America

From a geographical standpoint, North America is expected to register higher growth in the global medium voltage switchgear market in the forecast years. Refurbishment of existing infrastructure and replacing the old equipment with new ones is likely to drive the market in this region. In addition to this, rising urban population and electricity consumption are factors enabling growth in the market.

The market in Europe is expected to show considerable growth owing to the increasing adoption of advanced technology such as microgrids, smart grids, and others. These technological advancements are likely to offer better transmission and distribution of electricity. Furthermore, the increasing demand for renewable sources of energy such as wind power and solar power is expected to fuel demand for medium voltage switchgear over the projected horizon.
The growth in Asia Pacific is majorly driven by the proliferating increase in population, burgeoning energy demand, and other socio-economic factors. Increasing developments in infrastructure is another factor responsible for the growth of the market in this region. Governments are planning to conduct different schemes to make electricity more accessible to all. Against this backdrop, the demand for this switchgear is expected to fuel in the forecast years. The market in the Middle East and Africa is expected to prosper as the region will receive investments from World Bank for the initiation of electrification project.

Important Features that are under Offering and Key Highlights of the Market Report:
o Detailed overview of Market Share
o Changing market dynamics of the industry
o In-depth market segmentation by Type, Application, etc.
o Historical, current and projected market size in terms of volume and value
o Recent industry trends and developments
o Competitive landscape of Market
o Strategies of key players and product offerings
o Potential and niche segments/regions exhibiting promising market growth

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Eaton Showed 82.275% Interest in the Acquisition of Ulusoy Elektrik to Develop Medium Voltage Solutions

Medium voltage switchgear systems are primarily used in different applications such as railway traction, transmission and distribution activities, and air furnace. This shows that the demand for outdoor medium voltage switchgear is expected to increase owing to their cost-effectiveness. The rising focus on improving the electricity accessibility by grid infrastructure is projected to drive the market growth by 2026.

The report highlights some of the leading players operating in the global market. These include

o Eaton
o Schneider Electric
o Mitsubishi Electric Corporation
o Hyundai Electric & Energy Systems Co., Ltd.
o ABB
o Siemens
o Toshiba International Corporation
o General Electric
o Hyosung Heavy Industries
o Efacec
o Fuji Electric Co., Ltd.

Some of the significant industry developments are mentioned below:

November 2018: Mitsubishi won a contract of USD 1.7 Million for its new plant in the U.K. This waste-to-energy plant aims to supply around 11kv medium voltage switchgear, PLC hardware, power and distribution transformers among others.
January 2018: Eaton announced the acquisition of Ulusoy Elektrik by acquiring an 82.275% stake. The company plans to expand its business in regions such as the Middle East & Africa and Europe.

Important Features that are under Offering and Key Highlights of the Market Report:

o Detailed overview of Medium Voltage Switchgear Market Share
o Changing market dynamics of the industry
o In-depth market segmentation by Type, Application, etc.
o Historical, current and projected market size in terms of volume and value
o Recent industry trends and developments
o Competitive landscape of Market
o Strategies of key players and product offerings
o Potential and niche segments/regions exhibiting promising market growth
Key Features of Market Research Report:
o This report provides detail analysis of the Medium Voltage Switchgear market and have a comprehensive understanding of the market and its commercial landscape.
o Learn about the various Medium Voltage Switchgear market strategies that are being adopted by leading companies.
o It provides a five-year forecast assessed based on how the market is predicted to grow.
o It provides insightful analysis of changing competition dynamics and keeps you ahead of competitors.
o To understand the future scope and outlooks for the Medium Voltage Switchgear market.
o Market Forecast by regions, type and application, with sales and revenue, from 2020 to 2026.
o Market Share, distributors, major suppliers, changing price patterns and the supply chain of raw materials is highlighted in the report.
o Market Size (sales, revenue) forecast by regions and countries from 2020 to 2023 of industry.
o The global Medium Voltage Switchgear market Growth is anticipated to rise at a considerable rate during the forecast period, between 2020 and 2023. In 2020, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
o Market Trend for Development and marketing channels are analysed. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered.
o Medium Voltage Switchgear Market Report also mentions market share accrued by each product in the market, along with the production growth.

Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

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Major Table of Content For Medium Voltage Switchgear Market:

1. Introduction
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Medium Voltage Switchgear Market Analysis, Insights and Forecast, 2026
6. North America Medium Voltage Switchgear Market Analysis, Insights and Forecast, 2026
7. Europe Medium Voltage Switchgear Market Analysis, Insights and Forecast, 2026
8. Asia Pacific Medium Voltage Switchgear Market Analysis, Insights and Forecast, 2026
9. The Middle East and Africa Medium Voltage Switchgear Market Analysis, Insights and Forecast, 2026
10. Latin America Medium Voltage Switchgear Market Analysis, Insights and Forecast, 2026
11. Competitive Landscape
12. Company Profile
13. Conclusion

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Fortune Business Insights(TM) Pvt. Ltd.
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Phone:

US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245

Email: sales@fortunebusinessinsights.com
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