Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home Editor's Pick Market Research

Unveiling the Future: Medium Voltage Switchgear Market Trends and Forecasts

Urja Daily by Urja Daily
January 8, 2024
in Market Research, Power
Reading Time: 3 mins read
0
medium voltage switchgear
Share on FacebookShare on TwitterShare on Linkedin

According to a new report published by Allied Market Research, the medium voltage switchgear market size was valued at $14.5 billion in 2021, and medium voltage switchgear industry is estimated to reach $31.7 billion by 2031, growing at a CAGR of 8.2% from 2022 to 2031.

The key players operating in the medium voltage switchgear market are ABB Ltd, General Electrics, Schneider Electrics, Siemens AG, Toshiba Corporation, Mitsubishi Electrics, Eaton Corporation, Bharat Heavy Electrical Ltd., Chint group, Efacec, Fuji Electric Co. Ltd., Hyundai Electric & Energy Systems Co. Ltd., Jyoti group, Ormazabel, Power Well Inc. and LUCY group Ltd.

RELATED POSTS

Hisense Launches UX ULED RGB-MiniLED TV Series in India

Technological Innovations Driving the Future of Absorption Chillers

Asia-Pacific segment is projected to grow at the highest CAGR of approximately 8.8%, in terms of revenue, during the forecast period.

As per medium voltage switchgear market analysis, on the basis of voltage, the 3kV – 5kV medium voltage switchgear segment is projected to grow at the highest CAGR of approximately 9.1%, in terms of revenue, during the forecast period.

On the current type, the AC segment is expected to dominate the market during the forecast period.

On the basis of insulation type, the air insulated switchgear segment is expected to dominate the market during the forecast period.

On the basis of application, the transmission and distribution utilities segment is expected to dominate the medium voltage switchgear market share during the forecast period.

Domestic and industrial power demand is increasing significantly due to urbanization, public infrastructure, and the construction of industrial plants around the world which has led to the increased demand for the medium voltage switchgear market opportunities. In addition, the government rules and regulations for the development of electrification in rural and remote areas have boosted the growth of the medium voltage switchgear market. In addition, power utilities install switchgear to meet current business requirements such as ensuring a safe and reliable power supply and ensuring business continuity which has triggered the growth of the medium voltage switchgear market trends.

The air insulated switchgear is widely used in various sectors such as data centers, oil & gas, mining, marine and nuclear power. The safety while handling the electric equipment is a concern owing to the growing demand for medium voltage switchgear in the market. The main restraining factor for the medium voltage switchgear market is the maintenance of the switchgears. Regular maintenance is required for the proper functioning of the switchgears but it increases the overall cost and makes the process expensive.

The construction industry in various developing countries such as India, Indonesia, and Brazil is witnessing substantial growth because of massive expenditures for infrastructural and residential development. The purchasing power of the people has stimulated the growth of the automobile industry in the medium voltage switchgear market.

The medium voltage switchgear market forecast is segmented on the basis of voltage, type of installation, insulation type, end use industry, and region. On the basis of voltage, the market is classified into 3kV – 5kV, 6kV – 15kV, 16kV – 27kV and 28kV – 40kV. Similarly on the basis of installation type, the medium voltage switchgear market is divided into two major categories which include indoor switchgear and outdoor switchgear.

The medium voltage switchgear market is classified by insulation type into three categories which include air insulated switchgear, gas insulated switchgear and others (oil and solids). Depending on the end use industry, the market is broadly divided into three types which are transmission and digital utilities, commercial & residential and others. On the basis of region, the market is classified into North America, Europe, Asia-Pacific and LAMEA.

A medium voltage switchgear is a device designed to open an electrical circuit by mechanical action. It interrupts the flow of current without permanently damaging the device operating in the voltage range of 3kV-40kV. Switchgear includes, for example, switches, fuses, circuit breakers, disconnectors, relays, current and potential converters, indicators, lightning arresters and control cabinets. Switchgear devices and their assemblies are used in connection with the generation, transmission, distribution and conversion of electrical energy. The switchgear is mainly classified into two types, the outdoor type and the indoor type. The combination of these unique features has allowed the product to penetrate many end-user industries such as the automobile, aviation, building and construction, electrical and electronic industries, and others.

Source: https://www.alliedmarketresearch.com/medium-voltage-switchgear-market-A31300

Tags: Allied Market Researchmedium voltage switchgear
ShareTweetShare
Urja Daily

Urja Daily

Related Posts

Hisense

Hisense Launches UX ULED RGB-MiniLED TV Series in India

by Palak
August 28, 2025
0

Noida, Uttar Pradesh, India - Hisense has launched its flagship UX ULED series in India. Available in 100" and 116"...

Absorption Chillers Market

Technological Innovations Driving the Future of Absorption Chillers

by Palak
August 28, 2025
0

As the world pushes toward sustainable energy solutions, cooling systems are undergoing a major transformation. Absorption chillers, which operate on...

Waterjet Cutting Machines

Key Challenges Hindering Growth of the Waterjet Cutting Machines Market

by Palak
August 26, 2025
0

The Waterjet Cutting Machines Market has gained remarkable traction over the past decade, primarily due to its ability to deliver...

IndiGrid

IndiGrid Inks Binding Pact with TEECL for Northeast Transmission Project

by Palak
August 26, 2025
0

IndiGrid Limited has signed definitive agreements with Techno Electric & Engineering Company Limited (TEECL) to acquire a transmission project in...

Prostarm

Prostarm Info Systems Secures KPTCL’s 150 MW/300 MWh BESS Project

by Palak
August 25, 2025
0

Prostarm Info Systems Limited has won Karnataka Power Transmission Corporation Limited’s (KPTCL) auction to set up a 150 MW/300 MWh...

Next Post
Biomass

The Hidden Killer of Preservation Planning?

Sodium Ion Battery

Sodium Ion Battery Market size to grow by USD 414.4 million

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Hisense

Hisense Launches UX ULED RGB-MiniLED TV Series in India

August 28, 2025
VinFast

VinFast Rides on India’s Urban Growth for Expansion

August 28, 2025

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

Hisense Launches UX ULED RGB-MiniLED TV Series in India

VinFast Rides on India’s Urban Growth for Expansion

Technological Innovations Driving the Future of Absorption Chillers

Solar and Wind Outpace Coal and Nuclear in Power Generation

Key Challenges Hindering Growth of the Waterjet Cutting Machines Market

Jakson Engineers to Invest ₹8,000+ Crore in 6 GW Integrated Solar Manufacturing Facility in Madhya Pradesh

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved