Medium Voltage Switchgear Market – Global Market Analysis & Outlook Report, 2019-2025 – MarketStudyReport.com
Market Study Report LLC newly added the Global Medium Voltage Switchgear Market Report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, and forecast in the coming years.
Delaware, Selbyville – August 27, 2019 /MarketersMedia/ —
Medium Voltage (MV) Switchgear Market in 2018, exceeded an annual installation of 7,000 thousand units and is projected to surpass USD 50,000 million by 2025. Ongoing fund allocation with an aim to escalate the overall economic growth supported by FDI schemes to favor industrial & commercial establishments will positively influence the demand for primary & secondary power distribution network. Moreover, ongoing digitalization across large-scale commercial electric networks in line with rising energy demand from data centers & communication base stations will positively influence the industry landscape.
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Aesthetic proximity, diverse applicability and product versatility are key factors favouring the demand for protection devices which include disconnectors, switches and circuit breaker. Utilities and large-scale industrial establishments install high voltage electrical lines which require efficient electrical components to avoid surplus current interruptions which in turn will foster the product demand. In addition, stringent energy efficiency mandates favored by expansion of grid integrated sustainable energy networks will further augment the MV switchgear market.
Metal enclosed medium voltage (MV) switchgear market is predicted to witness an annual installation of over 5,000 thousand units by 2025. Easy replacement, unique design & construction, safe & reliable operations and proper interlocking arrangement between various components are the few indispensable parameters nurturing the product demand. Furthermore, rising concerns to reduce electricity supply faults, fire hazards and short circuits and have further strengthened the business outlook.
Vacuum insulated MV switchgear market in the current scenario, holds the majority share on account of higher consumer reliability and less competence from alternate insulation technologies. These products have gained impetus owing to their anti-leakage configurations, reliable & safe operations and optimum lifetime cost. Although, these products involve higher initial costs in comparison to other manufactured insulation technologies however, consumer inclination & utility preference has favoured its deployment owing to lower maintenance costs and longer lifecycle.
In the recent years, switchgears owing to their diverse voltage ratings and varied applicability across transformer substations and power stations have gained significance, amplifying the global medium voltage switchgear market share. Furthermore, increasing electricity demand coupled with strict regulations to form an energy effective environment have integrated a favourable industrial scenario. Rising inclination towards ensuring and conserving uninterrupted electricity supply, power stations have shifted their inclination towards smart & advanced technologies which in turn will further sway the industry landscape.
Rising demand for refurbishment & retrofitting of traditional electrical infrastructure along with growing investments toward the enhancement of operational and technological prospects will stimulate the medium voltage switchgear market across North America. In addition, reliability, longevity, economical costs coupled with operational flexibility are few of the significant features energizing the business dynamics.
Eminent MV switchgear market participants include GE, ABB, Siemens, Schneider, Mitsubishi, Crompton Greaves, Ormazabal, Chint Group, BHEL, Eaton, Hyundai Heavy Industries, Hyosung, Lucy Electric, Toshiba and Powell.
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Table Of Content:
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions & abbreviations
1.2.1 Definitions
1.2.2 Abbreviations
1.3 Market estimates and forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Medium voltage switchgear market 360 degree synopsis, 2014 – 2025
2.1.1 Business trends
2.1.2 Voltage trends
2.1.3 Component trends
2.1.4 Installation trends
2.1.5 Insulation trends
2.1.6 Enclosure trends
2.1.7 End Use trends
2.1.8 Application trends
2.1.9 Regional trends
Chapter 3 Medium Voltage Switchgear Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2014 – 2025 (USD Million)
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Regulatory landscape
3.5 Innovation & technology landscape
3.6 Industry evolution & outlook
3.7 Operations & maintenance landscape
3.8 Price trend analysis
3.8.1 By Region
3.8.2 By Voltage
3.8.3 By Component
3.9 Electricity markets and ownership structures, 2017
3.10 Global energy investment scenario, 2017
3.11 Global power and utility outlook
3.12 Customer group requirement
3.13 Key customer requirement
3.14 Entry barrier
3.15 Switchgear component analysis
3.16 Insulation landscape
3.17 Import/export landscape, 2018
3.18 Invested capital across the T&D industry, 2018
3.19 Major transmission project landscape, 2018
3.20 Invested capital across the T&D industry, 2018
3.21 Industry impact forces
3.21.1 Growth drivers
3.21.1.1 North America, Europe, Eurasia
3.21.1.1.1 Expansion of smart grid networks
3.21.1.1.2 Refurbishment & retrofit of existing grid infrastructure
3.21.1.2 Asia Pacific
3.21.1.2.1 Rising peak load demand
3.21.1.2.2 Expansion of micro-grid networks
3.21.1.2.3 Grid stability & security of supply concerns
3.21.1.3 MEA, CIS and Latin America
3.21.1.3.1 Increasing electricity demand
3.21.1.3.2 Integration of a sustainable energy infrastructure
3.21.2 Industry pitfalls & challenges
3.21.2.1 Slow paced technological evolution across developing regions
3.21.2.2 High dependency on imports
3.22 Growth potential analysis
3.23 Porter’s analysis
3.24 Competitive landscape, 2018
3.24.1 Strategy dashboard
3.25 PESTEL analysis
Chapter 4 Medium Voltage Switchgear Market, By Voltage
4.1 Medium voltage switchgear market share by voltage, 2018 & 2025
4.2 3 kV to 9 kV
4.2.1 Global market from 3 kV to 9 kV, 2014 – 2025
4.2.2 Global market from 3 kV to 9 kV, by region, 2014 – 2025
4.3 > 9 kV to 15 kV
4.3.1 Global market from > 9 kV to 15 kV, 2014 – 2025
4.3.2 Global market from > 9 kV to 15 kV, by region, 2014 – 2025
4.4 > 15 kV to 21 kV
4.4.1 Global market from > 15 kV to 21 kV, 2014 – 2025
4.4.2 Global market from > 15 kV to 21 kV, by region, 2014 – 2025
4.5 > 21 kV to 27 kV
4.5.1 Global market from > 21 kV to 27 kV, 2014 – 2025
4.5.2 Global market from > 21 kV to 27 kV, by region, 2014 – 2025
4.6 > 27 kV to 33 kV
4.6.1 Global market from > 27 kV to 33 kV, 2014 – 2025
4.6.2 Global market from > 27 kV to 33 kV, by region, 2014 – 2025
4.7 > 33 kV
4.7.1 Global market from > 33 kV, 2014 – 2025
4.7.2 Global market from > 33 kV, by region, 2014 – 2025
Chapter 5 Medium Voltage Switchgear Market, By Component
5.1 Medium voltage switchgear market share by component, 2018 & 2025
5.2 Circuit breaker
5.2.1 Global market from circuit breaker, 2014 – 2025
5.2.2 Global market from circuit breaker, by region, 2014 – 2025
5.3 Contractors
5.3.1 Global market from contractors, 2014 – 2025
5.3.2 Global market from contractors, by region, 2014 – 2025
5.4 Switches & disconnectors
5.4.1 Global market from switches & disconnectors, 2014 – 2025
5.4.2 Global market from switches & disconnectors, by region, 2014 – 2025
5.5 Fuses
5.5.1 Global market from fuses, 2014 – 2025
5.5.2 Global market from fuses, by region, 2014 – 2025
5.6 Others
5.6.1 Global market from others, 2014 – 2025
5.6.2 Global market from others, by region, 2014 – 2025
Chapter 6 Medium Voltage Switchgear Market, By Installation
6.1 Medium voltage switchgear market share by installation, 2018 & 2025
6.2 Indoor
6.2.1 Global market from Indoor, 2014 – 2025
6.2.2 Global market from Indoor, by region, 2014 – 2025
6.3 Outdoor
6.3.1 Global market from Outdoor, 2014 – 2025
6.3.2 Global market from Outdoor, by region, 2014 – 2025
Continued………
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