Description of the Report

Digital Resiliency offers solutions for customers in the event of a Coronavirus Crisis.

Many companies operating in the medium voltage switchgear market across several regions face unique issues and opportunities in COVID-19’s crisis. Schneider Electric, -a European multinational firm that provides energy and digital solutions, is working at every capacity for the continuity of its business by maintaining its critical facilities and paying attention to customer and partner demands.

Furthermore, new Coronavirus variants have been posing questions about the effectiveness of vaccines. It is expected to prolong the recovery time of the global economy. Thus, the manufacturers of medium-voltage switchgear are embracing digital resiliency and 24×7 technical support to deliver demand-driven customer-focused solutions. However, India’s power sector is seeing a decrease in industrial activity due to an economic crisis called COVID-19.

Outdoor vs Indoor Switchgear Which one is better?

The market for medium voltage switchgear is predicted to reach a value of US$1 44 Billion by the end of 2031. the year 2031. Indoor switchgear is considered to be safe and reliable when in comparison with outdoor switches. However, the higher installation price of indoor switchgear is a way to makes it difficult to decide between both.

Outdoor switchgear requires less capacity of infrastructure to install. However, maintenance cost is more significant for outdoor switchgear when compared with indoor switchgear. Indoor switchgear tends to take smaller space when compared to outdoor switchgear. However, the primary erection task of outdoor switches is smaller than for indoor switchgear. Furthermore, metal-clad switching is superior to closed-to-metal switchgear since it is more customizable.

Digital Switchgear Allows for Flexible Condition Monitoring to raise Standards for Safety Standards.

Digital switchgear, sophisticated fault current protection, and condition monitoring are driving the development of the medium voltage switchgear market. ABB Ltd. -a Swedish-Swiss multinational company specializing in the fields of power, robotics and heavy electric equipment, is getting recognition for its switchgear which reduces footprint, provides flexible condition monitoring and enhances the standards of safety across all sectors.

Reduced weight, energy savings and faster delivery times for digital systems are creating business opportunities for companies in the market for medium-voltage switchgear. Sensor technology that is new software and intelligent circuit breakers used in digital medium-voltage switchgear contribute to monitoring the health of assets. Digital switchgear is being linked with lower costs of ownership as well as handling sudden shifts in load.

Sulfur Hexafluoride-free Switchgear Technology Aids Manufacturers address Climate Change.

Pure air technology is gradually replacing SF6greenhouse gas, widely employed in industrial and grid electrical installations. Schneider Electric’s latest SM AirSeT medium voltage switchgear has been recognized in the Innovation for Cool Earth Forum (ICEF) for reducing reliance on sulfur hexafluoride (SF6) greenhouse gas and introducing pure air into switchgear.

Businesses in the medium voltage switchgear industry are becoming more aware of the effects of climate change. These trends are leading to digital switchgear as well as purest air technologies. Manufacturers of the medium voltage switchgear market are developing the benefit of a solid research base in the SF6-free switchgear system that helps develop green grids and eco-friendly industrial electric systems. Air insulation made of pure air is predicted to become a prominent feature in various electric utilities, including private power networks designed for industrial and commercial uses.

Customized medium-voltage switchgear help access power limited investment

Innovative trends like building your medium-voltage switchgear made with sturdy components are translating into business opportunities for those involved in the medium-voltage switching market. With modern technology and a wide range of products, customers can customize their electrical installation.

The companies in the medium-voltage switchgear market are increasing the number of pre-assembled systems, which are an efficient and secure method to gain power with minimal expenditure. Therefore, the customization of switchgear that is low and medium voltage can help stakeholders increase their income streams. Switchgear that has been tested and certified is an efficient way to get energy with a minimal investment. Switchgear that can be customized is likely to reduce the cost of R&D in infrastructure installations already in place.

Medium-voltage Switchgear Market Overview

• According to MWR, the most recent analysis report of the global medium voltage switchgear market, from 2017 to 2019, the base year of 2020, and forecasting period 20212031, the widespread use of medium-voltage switchgear by power plants, commercial, gas, oil and petrochemical industries as well as the utility sector, paper and pulp industry and other end-users is anticipated to propel the world market for medium-voltage switches in the forecast timeframe.
• As for revenue figures, the world medium-voltage switchgear market is expected to grow to US$1 44 Billion in 2031 and grow at a rate of 5.5 per cent in the forecast period.

The Construction and Industrial Sectors are growing in emerging economies: Major Motor for Medium-voltage Switchgear Market.

• The construction and industrial infrastructure across a variety of emerging economies like China, India, Brazil, Indonesia, Japan, and Mexico and that of the Middle East is witnessing significant growth because of the increasing expenditure on the development of airports, housing and modernization of ports railways, roads, and water distribution systems. This is predicted to boost the demand for medium voltage switchgear over the next few years.
• The main driver of the market for medium-voltage switchgear is the rising demand for medium-voltage switchgear from various commercial construction projects that require the effective transmission of Electricity.
• Therefore, the need for medium-voltage switches is anticipated to grow in the coming years. Major players in the market for medium-voltage switchgear utilize the advantages of mass production to meet the growing demand
• However, the issue of counterfeiting of switches and their components, as well as the high costs for regular maintenance of switchgear, are the most significant factors that negatively impact the market for medium voltage switchgear in the world. The high price associated with regular maintenance of switchgear could slow the growth of medium voltage switchgear globally. The major manufacturers are investing a lot to cut down the cost of maintenance for medium voltage switchgear.

The demand for alternative renewable Energy Sources to generate Electricity.

• Medium-voltage switchgear safeguards, regulate, controls and protects power generation distribution and transmission equipment and electric motor controller systems. Therefore, demand for it is growing throughout North America, Europe, and the Asia Pacific, owing to these benefits.
• The increasing demand for renewable energy sources is designed to provide continuous power for the smooth running of industries and reduce greenhouse gas emissions. The investment in renewable power sources like wind, solar and hydroelectric power could be a good incentive for various switchgear manufacturers to increase their medium voltage switchgear portfolio. Over the forecast, these product innovations will provide opportunities for high- and medium-voltage switchgear producers. The industry of medium voltage switchgear is expected to create substantial opportunities for market growth over the forecast timeframe due to the rising demands for energy from renewable sources for distribution and power transmission.
• Furthermore, the increasing investment of governments from various countries into renewable energy sources, such as wind, solar, and hydroelectric power, is anticipated to spur the development and expansion of renewable power generation plants. This will, in turn, be expected to provide better chances for various medium voltage switchgear makers in the coming years.
• Therefore, the growing demand for renewable energy sources of electricity generation in North America, Europe, and Asia is projected to increase the medium-voltage switchgear market over the forecast timeframe.

Medium-voltage Switchgear Market Competitive Landscape

• In-depth profiles of companies offering medium-voltage switches have been included in the Report to assess their financials, their essential products, the latest developments and strategies
• The key players in the global market for medium-voltage switchgear are
  • Siemens AG
  • General Electric
  • Schneider Electric SE
  • Eaton Corporation Plc.
  • Bharat Heavy Electricals Limited
  • Mitsubishi Electric Corporation
  • ABB Ltd.
  • Powell Industries
  • Elatec Power Distribution GmbH
  • China Group

Medium Voltage Switchgear Market: Major Developments

• The major manufacturers of medium-voltage switchgear like ABB Ltd., Schneider Electric SE, Mitsubishi Electric Corporation, and Siemens AG are focused on creating cost-effective, technology-proven medium voltage switchgear that will attract more customers. Other significant developments in the world medium-voltage market are discussed in the following sections:
  • In October 2020, ABB Ltd. created the first switchgear in the world that allows customers from a variety of sectors, such as industries, utilities, as well as infrastructure, to switch from insulation gas to green, eco-friendly energy source at any time
  • In February 2020, Schneider Electric SE and its partner Tricolite Electrical Industries launched a new generation of medium voltage switchgear called Preset. The medium voltage switchgear Premset is highly safe, durable and compact, can withstand extreme conditions and is ideal for mines and tunnels.
  • The company launched its new products in Jan. 2019; Mitsubishi Electric Corporation has introduced gas-insulated switchgear systems for power-related applications, like arc-cooling technology for interrupters, which increases the efficiency of current interruption by 25 per cent, along with high-density coating, which enhances the performance of dielectrics by 30 per cent
  • In November 2019, Powell Industries announced the introduction of switchgear with metal-clad. Medium voltage PowlVac metal-clad switchgear is available within the 5kV range to 15kV.
  • In June 2018, Schneider Electric SE unveiled revolutionary medium voltage switchgear, CBGS-0, that is being sold in the U.S. This gas-insulated switchgear with a dielectric busbar made of solid is suitable for applications with up to 38 Kilovolts, 2,0 A and 31.5kA.
• In the global medium-voltage switching market report, we’ve presented the individual strategies followed by the company profiles of companies that offer medium-voltage switchgear. A Competition Landscape section has been included to give readers a visual representation of a dashboard and market share analysis of the major companies operating in the world medium-voltage switchgear market.

Medium-voltage Switchgear Market The scope of the Report

MWR releases a new study of the global market for medium-voltage switchgear. The study provides detailed information about important market dynamics, such as driver changes, trends, and issues for the worldwide market for medium-voltage switches and their structure. MWRs research provides valuable information about the global medium-voltage switchgear market to show how the market is likely to grow over the forecast time, i.e. 20212031.

The key indicators of market growth include value chain analysis and the compound annual rate of growth (CAGR), which are discussed by MWRs research comprehensively. These data will help users understand the growth factors quantitatively of the global medium voltage switchgear market.

A comprehensive analysis of strategies for businesses employed by major market players is also included in TMRs research on the global market for medium-voltage switchgear. This will help readers comprehend the main factors responsible for growing the medium voltage switchgear market. In this report, readers will also discover specific information about the possibilities for the growth of quantitative and qualitative aspects of the switching market in medium voltage. The data can help market participants make the right decisions in the coming months.

Important Questions Answered in MWRs Study of the Market for Medium-voltage Switchgear

• What is the Y-o-Y increase in the world’s medium-voltage switchgear market between 2020 and 2030?
• What are the implications of changes in the field of insulation on the market for medium-voltage switchgear worldwide?
• Do you think North America will continue to be the largest market in the world for manufacturers of medium-voltage switches over the next couple of years?
• What factors could hamper the market for medium-voltage switchgear in the world over the forecast time?
• Which are the most prominent firms operating globally in the market for medium-voltage switchgear?

Research Methodology

A unique method of research employs MWR MWR to conduct an extensive study of the world’s medium-voltage switchgear market and conclude about the future expansion prospects for the market. This research method involves a mix of primary and secondary research that helps analysts verify the reliability and accuracy of the findings drawn.

Secondary research sources used by analysts in the production of MWR’s Report about the global market for medium-voltage switches comprise statistics from annual company reports, SEC filings, company websites, World Bank database, investor presentations and regulator databases, publications from the government white papers on market research. Analysts also spoke with senior managers, portfolio executives, CEOs, VPs and VPs and market intelligence directors. They have been involved in the production MWRs study of the global market for medium-voltage switches as the primary research source.

The primary and secondary sources offered complete information in interviews and provided a source of confirmation of the top players in the international medium-voltage switchgear industry. Access to a vast internal repository and external proprietary databases made it possible to discuss specific questions and details regarding the global medium-voltage market for switchgear with precision. The Report also utilizes the top-down method to analyze the data for each segment and a bottom-up approach to validate these numbers. This has helped make MWRs estimations of the future outlook for the world medium-voltage switchgear market more accurate and reliable.

Medium Voltage Switchgear Market Segmentation

MWRs research of the global market for medium-voltage switchgear divides the market according to the voltage, insulation, end customer, and geography. Market trends are changing, and vital market dynamics relating to segments of the world’s medium-voltage switchgear market are explained in depth in the study by MWR.

Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA