Press release
Medium Voltage Switchgear Market 2020-2030 | Covid 19 Impact And Recovery
Medium Voltage Switchgear Market
The global medium voltage switchgear market was worth $20.58 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 10.89% and reach $31.12 billion by 2023.
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The medium voltage switchgear market consists of sales of medium voltage switchgear and related services that manufacture medium voltage switchgear which are electrical switchgear rated between 2KV and 36KV. The medium voltage switchgear is the combination of electrical switches, fuses or circuit breakers used to operate, secure and separate electrical equipment.
The demand for electricity generation is projected to drive the medium voltage switchgear market. Development of industrialization, urbanization requires continuous electricity supply, and the reliability of the electrical supply depends heavily on the performance of the switchgear. Production of energy is sustainable growth with demand in rural and urban areas with ongoing improvements to the integration of protection of supply, which will drive industry growth. For instance, in 2019, as per a research study, the Indian government is working on two of the most vital electrification projects that are the ‘Pradhan Mantri Sahaj Bijli Har Ghar Yojana’ and the ‘Deen Dayal Upadhyaya Gram Jyoti Yojana’ to provide electricity with a budget allocation of $6.98 billion (INR 50,000 crores) for the project.
Medium Voltage Switchgear Market Segmentation: -
By Insulation
Air
Gas
Oil
Vacuum
By Installation
Outdoor
Indoor
By Application
Residential
Commercial
Industrial
Utility
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Few Points From Table Of Content
1. Executive Summary
2. Medium Voltage Switchgear Market Characteristics
3. Medium Voltage Switchgear Market Size And Growth
4. Medium Voltage Switchgear Market Segmentation
5. Medium Voltage Switchgear Market Regional And Country Analysis
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.
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25. Medium Voltage Switchgear Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Medium Voltage Switchgear Market
27. Medium Voltage Switchgear Market Trends And Strategies
28. Medium Voltage Switchgear Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the Medium Voltage Switchgear Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Medium Voltage Switchgear Market are Siemens AG, Schneider Electric SE, Eaton Corporation Plc., Mitsubishi, Hyundai Heavy Industries, ABB, Bharat Heavy Electricals Limited, Hyosung Heavy Industries, General Electric, Powell
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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