Medium Voltage Switchgear Market
Medium Voltage Switchgear Market by Product (Air, Oil, Gas, Others,) by Application (Residential, Commercial, Industrial, Utility,) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028
The report
delivers an acute breakdown of the market based on various segments such as Product,
Application, and region. The report will cover market
estimations and forecast for each segment by region for the years 2016–2028. Several
growth factors and opportunities impacting various segments have been
incorporated in the report. On
the basis of Product, the market is divided into Air, Oil, Gas, Others,. Air
held the largest share in 2020 and is projected to witness substantial growth
during the forecast period.
Based
on Application, the market is divided into Residential, Commercial, Industrial, Utility,. Industrial
attributed to the highest market share and is expected to grow at a significant
CAGR from 2021 to 2028.
Global Medium Voltage Switchgear Market: Product Segment Analysis
-
- Air
- Oil
- Gas
- Others
Global Medium Voltage Switchgear Market: Application Segment Analysis
-
- Residential
- Commercial
- Industrial
- Utility
Frequently Asked Questions
-
What is
the global demand for Medium Voltage Switchgear
in terms of revenue?
The global Medium Voltage Switchgear valued at 67.5 Billion in 2020 and is expected to reach 103.5 Billion in 2028 growing at a CAGR of 5.50%%
-
Which
are the prominent players
in the market?
The prominent players in the market are Chint group, Fuji Electric Co. Ltd, Hyosung Heavy Industries, ABB, Powell, Efacec, BHEL, General Electric, Schneider Electric, Jyoti Ltd, Eaton, Lucy Electric, SENTEG GmbH, Hyundai Electric& Energy Systems Co. Ltd, Siemens, Ormazabal, Toshiba International Corporation, Mitsubishi Electric Corporation..
-
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 5.50%% between 2021 and 2028.
-
What are
the driving factors
fueling the growth of the market.
The driving factors of the Medium Voltage Switchgear include
- Aging power infrastructure coupled with growing demand for energy is creating a positive scope for the market and thereby elevating the market growth.
- Growing investments in renewable energy are expected to further drive market growth over the forecast timeline.
-
Which
region accounted for the
largest share in the market?
North America was the leading regional segment of the Medium Voltage Switchgear in 2020.
Choose License
Our Companies
