Press release
Transformative Trends Impacting the Medium Voltage Switchgear Market Landscape: Eco-Efficient Switchgear Transforming The Medium Voltage Switchgear Market
Medium Voltage Switchgear
What Will the Medium Voltage Switchgear Industry Market Size Be by 2025?
The market size for medium voltage switchgear has seen robust expansion in the past few years. The growth is expected to surge from $44.92 billion in 2024 to $48.28 billion in 2025, witnessing a compound annual growth rate (CAGR) of 7.5%. This substantial growth during the historical period can be owed to factors such as infrastructure development projects, the progress of urbanization and industrialization, the integration of renewable energy, the enforcement of strict electrical safety standards, and a rise in electrical consumption.
What's the Long-Term Growth Forecast for the Medium Voltage Switchgear Market Size Through 2029?
The market for medium voltage switchgear is anticipated to experience considerable expansion in the forthcoming years, reaching $60.11 billion by 2029 with a compound annual growth rate (CAGR) of 5.6%. The anticipated growth during the forecast period is due to an emphasis on energy efficiency, initiatives to modernize the grid, expanding capacity for renewable energy, increasing industrial automation, and a surge in demand in developing markets. Key trends expected during this period encompass remote monitoring and diagnostics, measures for cybersecurity, advanced communication protocols, the shift towards gas-insulated switchgear (GIS), and worldwide electrification initiatives.
View the full report here:
https://www.thebusinessresearchcompany.com/report/medium-voltage-switchgear-global-market-report
What Are the Key Growth Drivers Fueling the Medium Voltage Switchgear Market Expansion?
The medium voltage switchgear market is anticipated to be propelled by the growing need for electricity generation. The ongoing progress in industrialization and urbanization necessitates steady power delivery, and the trustworthiness of this power provision is intrinsically linked to the efficacy of the switchgear. Sustainable energy production aligns with demand in both rural and urban localities, supplemented by continuous advancements in the integration protection of the supply, thereby catalyzing market expansion. For instance, the International Energy Agency (IEA), based in France and operating independently as an intergovernmental entity, indicated that as of January 2024, the worldwide power production surged by 2.6% in 2023, reverting to its growth rate before the pandemic, after a period of slower acceleration in preceding years. Consequently, this rising demand for power generation is fuelling the upward trajectory of the medium voltage switchgear market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2799&type=smp
What Are the Key Trends Driving Medium Voltage Switchgear Market Growth?
Eco-efficient switchgear's production is a rising trend in the medium-voltage switchgear market, providing a better alternative to the greenhouse gas sulfur hexafluoride (SF6) for enhanced eco-efficiency and reduced environmental damage. SF6 gas, which is heavily dependent on greenhouse gas, serves as the medium for electrical insulation and current interruption. For example, in November 2022, Switzerland's Hitachi Energy, a firm specializing in energy solutions, unveiled a 420-kilovolt (kV) gas-insulated switchgear (GIS) technology free of sulfur hexafluoride (SF6), aimed at achieving carbon neutrality in the power grid. Consequently, the medium-voltage switchgear market is noticing a growing trend in the use of eco-efficient switchgear.
How Is the Medium Voltage Switchgear Market Segmented?
The medium voltage switchgear market covered in this report is segmented -
1) By Insulation: Air, Gas, Oil, Vacuum
2) By Installation: Outdoor, Indoor
3) By Application: Residential, Commercial, Industrial, Utility
Subsegments:
1) By Air: Air-Insulated Switchgear (AIS), Outdoor Air-Insulated Switchgear
2) By Gas: Gas-Insulated Switchgear (GIS), Hybrid Gas-Insulated Switchgear
3) By Oil: Oil-Insulated Switchgear, Liquid-Filled Switchgear
4) By Vacuum: Vacuum Circuit Breakers, Vacuum Interrupters
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=2799&type=smp
Which Companies Are Leading the Charge in Medium Voltage Switchgear Market Innovation?
Major companies operating in the medium voltage switchgear market include Hitachi Ltd., Siemens AG, Fuji Electric Co. Ltd., Schneider Electric SE, Bharat Heavy Electricals Limited, HD Hyundai Heavy Industries Co. Ltd., ABB Ltd., Larsen & Toubro Saudi Arabia LLC, Eaton Corporation Plc, Toshiba Corporation, General Electric Company, Chint Group, NARI Group Corporation, Hyosung Heavy Industries, Rittal GmbH & Co. KG, Ormazabal, Crompton Greaves Consumer Electricals Limited, E+I Engineering, S&C Electric Company, Lucy Electric UK Ltd., Powell Electronics Inc., EFACEC Power Solutions SGPS S.A., Jyoti Ltd., Kirloskar Electric Company Limited, Skema SpA, Elatec Power Distribution GmbH, Hawker Siddeley Switchgear Ltd., START Electrical Switchgear Assembly LLC, SENTEG Schaltanlagen für Energietechnik GmbH, Xiamen Huadian Switchgear Co. Ltd.
Which Regions Are Leading the Global Medium Voltage Switchgear Market in Revenue?
Asia-Pacific was the largest region in the medium voltage switchgear market in 2024. Western Europe is the second-largest region in the global medium power transformers market share. The regions covered in the medium voltage switchgear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2799
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Transformative Trends Impacting the Medium Voltage Switchgear Market Landscape: Eco-Efficient Switchgear Transforming The Medium Voltage Switchgear Market here
News-ID: 4113202 • Views: …
More Releases from The Business Research Company
Seed Treatment Fungicides Market to Grow at 9.3% CAGR, Reaching $3.15 Billion by …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Seed Treatment Fungicides Market Outlook: How is the Market Expected to Grow by 2025?
Over the past few years, the market for seed treatment fungicides has seen robust growth. Its market value is projected to rise from $2.07 billion in 2024 to $2.21 billion in 2025, signifying a compound annual…
Rheology Modifiers Market Growth to be Driven by Emerging Trends | $10.92 Billio …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Rheology Modifiers Industry?
There has been a consistent expansion in the size of the rheology modifiers market in the past few years. The market, which was worth $8.59 billion in 2024, is projected to increase to $8.89 billion in 2025, demonstrating a compound…
Polyurethane Foam Market to Record 8.4% CAGR Growth Through 2029 | Global Analys …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Polyurethane Foam Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, the size of the polyurethane foam market has experienced substantial growth. It is projected to increase from a value of $54.27 billion in 2024 to $57.26 billion in 2025, indicating a compound annual growth…
Pharmaceutical Intermediates Market Size to Reach $46.04 Billion by 2029 | Growt …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Pharmaceutical Intermediates Industry?
There has been consistent growth in the market size of pharmaceutical intermediates over the past few years. The market is predicted to increase from a value of $33.37 billion in 2024, up to $34.95 billion in 2025, with a compound…
More Releases for Switchgear
Switchgear and Switchboard Apparatus Global Market: Expanding Partnerships and D …
Projected Market Size and Growth of the Global Switchgear and Switchboard Apparatus Market by 2025?
• The switchgear and switchboard apparatus market size grew from $179.97 billion in 2024 to $190.44 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.8%.
• The market is expected to surge to a value of $228.43 billion in 2029, growing at a CAGR of 4.7% during this five-year period.
• The market's growth has…
Switchgear: Working, Characters, and Classification
Electrical switchgear is used in both high and low-voltage power transformers and is connected to electrical supply networks. Its goal is to de-energize the system so that maintenance and repairs may be made to fix the problems.
Every time a power system flaw, such as a short circuit, a large number of current flows via electric setup, destroying the structure and disrupting supply to the consumers. The best possible electrical protection…
Global Medium Switchgear Market | Global Medium Switchgear Industry | Medium Swi …
Medium voltage switchgear market comprises of sales of medium voltage switchgear & related services that manufacture the medium voltage switchgear which are electrical switchgear rated between 2KV and 36KV. Medium voltage switchgear is a combination of electrical switches, fuses/circuit breakers used to function, secure and separate electrical equipment. It is used for providing protection to different electric motor control systems that installed in different end user segments.
According to study,…
Switchgear Market in India 2011
Market Research Report Store offers a latest published report on Switchgear Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Switchgear players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Switchgear with respect to individual growth trends, future…
Medium Voltage Switchgear Market
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…
Global Low Voltage Switchgear Market 2017 : BARTEC, LUCY Switchgear, FEAG, Kohl, …
Low Voltage Switchgear
A market study based on the " Low Voltage Switchgear Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Low Voltage Switchgear Market 2017’. The research report analyses the historical as well as present performance of the worldwide Low Voltage Switchgear industry, and makes predictions on the future status of Low Voltage Switchgear market on the basis of this analysis.
Get Free…
