Press release
Global Medium Voltage Switchgear Market is expected to exhibit a robust 8.7% CAGR by 2025 - Industry Analysis, Trend, Size, Share and Forecast 2017-2025
Global Medium Voltage Switchgear Market: Overview
Renewal of age old electricity transmission and distribution networks across different parts of the world is one of the key factor anticipated to trigger the demand for different categories of medium voltage switchgears during the forecast period from 2017 to 2025. Medium voltage switchgears require advanced and efficient current transmission and distribution networks for better performance. Old and obsolete transmission and distribution networks have become a concern for better functioning of medium voltage switchgears across various commercial and residential sectors. In addition, concerns regarding greenhouse gas emission of CO2, SF6 insulation medium of gas insulated switchgears have increased in developed countries. Concerns regarding greenhouse gas emission of old transmission and distribution networks have also triggered the demand for renewal of existing systems or installation of new medium voltage switchgear assembly.
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Owing to all these factors, demand for newer and efficient transmission and distribution networks are set to accelerate the demand of medium voltage switchgear during the forecast period from 2017 to 2025. Moreover, rapid growth of construction sector and industrial infrastructure in developing nations of India, China and Indonesia among others owing to the rising spending on housing, airport development and ports, roads, railways and water supply is also expected to boost the demand of medium voltage switchgears in the coming years. As medium voltage switchgears are largely used in commercial as well as residential construction projects, the growth of construction and industrial infrastructure is anticipated to influence the demand of medium voltage switchgear in the near future.
Global Medium Voltage Switchgear Market: Segmentation
In order to provide an extensive analysis of the global medium voltage switchgear market, the market has been classified on the basis of voltage rating, insulation and end users. Based on different voltage ratings of medium voltage switchgears available in the market, the global medium voltage switchgear has been segmented into 3kV – 5kV, 6kV – 15kV, 17kV – 27kV and 28kV – 40kV.
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Table of Content
Chapter 01 Preface
Chapter 02 Assumptions and Research Methodology
2.1 Assumptions and Acronyms Used
2.2 Research Methodology
Chapter 03 Executive Summary
3.1 Executive Summary (Revenue)
3.2 Executive Summary (Volume)
3.3 Key Trends Snapshot
3.4 Regional Market Share, 2016 (Revenue)
3.5 Regional Market Share, 2016 (Volume)
Chapter 04 Market Dynamics
4.1. Overview
4.2. Drivers and Restraints Snapshot Analysis
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunity Analysis
4.3 Competitive Land Scape
4.3.1 Market Positioning of Major Players, 2016
4.3.2 Competitive Strategies Adopted by Major Players
4.4. Market Attractiveness Analysis
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