Product Code: A31300
The global medium voltage switchgear market was valued at $14.5 billion in 2021, and is projected to reach $31.7 billion by 2031, registering a CAGR of 8.2% from 2022 to 2031.
The medium voltage switchgear market consists of sales of medium voltage switchgear and related services that manufacture medium voltage switchgear which are electrical switchgear rated between 2KV and 36KV. The medium voltage switchgear is the combination of electrical switches, fuses or circuit breakers used to operate, secure and separate electrical equipment. The market for medium voltage switchgear is anticipated to be driven by the demand for power generation. Continuous electricity supply is necessary for the growth of industrialization and urbanisation, and the performance of the switchgear has a significant impact on the reliability of the electrical supply. The production of energy is growing sustainably along with demand in both rural and urban areas with continued improvements to the integration of supply-side protection, which will propel industrial growth. In 2019, for instance, the Indian government is working on two of the most important electrification programmes, the Pradhan Mantri Sahaj Bijli Har Ghar Yojana and the Deen Dayal Upadhyaya Gram Jyoti Yojana, to deliver energy, with a budget allocation of $6.98 billion (INR 50,000 crores).
The medium voltage switchgear market is segmented on the basis of voltage, current type, insulation type, application, and region. On the basis of voltage, the market is divided into 3kV - 5kV, 6kV - 15kV, 16kV - 27kV and 28kV - 40kV. On the basis of current type, the market is bifurcated into AC and DC. On the basis of insulation type, the medium voltage switchgear market is divided into air insulated switchgear, gas insulated switchgear and others (oil and solids). On the basis of end-use industry, the market is divided into transmission and distribution utilities, commercial & residential and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
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. The report includes the study of the medium voltage switchgear market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter's five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.
Impact of COVID-19 on Medium Voltage Switchgear Market
Due to COVID-19 pandemic, transport limitations were implemented, which resulted in reduced industrial production of raw materials and disrupted supply chains. Thus, affected the global economic growth by a substantial proportion and severely impacted the market growth.
The COVID-19 outbreak has moderately affected the medium voltage switchgear market due to lockdown measures, the closure of various manufacturing and industrial facilities, and the delay of several infrastructure projects. It had a negative impact on different industries like automobile, aerospace, transportation and construction. The commercial, residential and industrial projects were put on hold due to the strict regulations imposed by the government.
The transportation sector has halted due to the pandemic which caused the stoppage of raw materials required for the manufacturing of the switchgears. Also the reduced manpower has delayed the production process due to the limited number of labor allowed to work.
However, the industry will experience a significant rise due to the ongoing expansion of grid infrastructures along with shifting focus on the adoption of renewable energy. Moreover, increasing investments in infrastructural development combined with the growing necessity for continuous & reliable electrical supply will boost the business outlook.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the medium voltage switchgear market analysis from 2021 to 2031 to identify the prevailing medium voltage switchgear market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the medium voltage switchgear market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global medium voltage switchgear market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Voltage
- 3kV - 5kV
- 6kV - 15kV
- 16kV - 27kV
- 28kV - 40kV
By Current Type
By Insulation Type
- Air Insulated Switchgear
- Gas Insulated Switchgear
- Others (Oil and Solids)
By Application
- Transmission and Distribution Utilities
- Commercial and Residential
- Others
By Region
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest Of LAMEA
- Key Market Players
- ABB Ltd
- Siemens AG
- General Electric
- Mitsubishi Electric Corporation
- Schneider Electric
- Ormazabal
- Bharat Heavy Industries
- Hyundai Electric & Energy Systems Co., Ltd.
- Powell Industries
- TOSHIBA Corporation
- Eaton Corporation
- Chint Group
- Hyosung Heavy Industries
- Lucky Group Ltd.
- Jyothi Ltd.,
- Fuji Electric Co., Ltd
- SENTEG
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Top player positioning
- 3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis on the market
- 3.7.Pricing Analysis
- 3.8.Value Chain Analysis
- 3.9.Key Regulation Analysis
CHAPTER 4: MEDIUM VOLTAGE SWITCHGEAR MARKET, BY VOLTAGE
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 3kV - 5kV
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market analysis by country
- 4.3 6kV - 15kV
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market analysis by country
- 4.4 16kV - 27kV
- 4.4.1 Key market trends, growth factors and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market analysis by country
- 4.5 28kV - 40kV
- 4.5.1 Key market trends, growth factors and opportunities
- 4.5.2 Market size and forecast, by region
- 4.5.3 Market analysis by country
CHAPTER 5: MEDIUM VOLTAGE SWITCHGEAR MARKET, BY CURRENT TYPE
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 AC
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market analysis by country
- 5.3 DC
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market analysis by country
CHAPTER 6: MEDIUM VOLTAGE SWITCHGEAR MARKET, BY INSULATION TYPE
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 Air Insulated Switchgear
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market analysis by country
- 6.3 Gas Insulated Switchgear
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market analysis by country
- 6.4 Others (Oil and Solids)
- 6.4.1 Key market trends, growth factors and opportunities
- 6.4.2 Market size and forecast, by region
- 6.4.3 Market analysis by country
CHAPTER 7: MEDIUM VOLTAGE SWITCHGEAR MARKET, BY APPLICATION
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2 Transmission and Distribution Utilities
- 7.2.1 Key market trends, growth factors and opportunities
- 7.2.2 Market size and forecast, by region
- 7.2.3 Market analysis by country
- 7.3 Commercial and Residential
- 7.3.1 Key market trends, growth factors and opportunities
- 7.3.2 Market size and forecast, by region
- 7.3.3 Market analysis by country
- 7.4 Others
- 7.4.1 Key market trends, growth factors and opportunities
- 7.4.2 Market size and forecast, by region
- 7.4.3 Market analysis by country
CHAPTER 8: MEDIUM VOLTAGE SWITCHGEAR MARKET, BY REGION
- 8.1 Overview
- 8.1.1 Market size and forecast
- 8.2 North America
- 8.2.1 Key trends and opportunities
- 8.2.2 North America Market size and forecast, by Voltage
- 8.2.3 North America Market size and forecast, by Current Type
- 8.2.4 North America Market size and forecast, by Insulation Type
- 8.2.5 North America Market size and forecast, by Application
- 8.2.6 North America Market size and forecast, by country
- 8.2.6.1 U.S.
- 8.2.6.1.1 Market size and forecast, by Voltage
- 8.2.6.1.2 Market size and forecast, by Current Type
- 8.2.6.1.3 Market size and forecast, by Insulation Type
- 8.2.6.1.4 Market size and forecast, by Application
- 8.2.6.2 Canada
- 8.2.6.2.1 Market size and forecast, by Voltage
- 8.2.6.2.2 Market size and forecast, by Current Type
- 8.2.6.2.3 Market size and forecast, by Insulation Type
- 8.2.6.2.4 Market size and forecast, by Application
- 8.2.6.3 Mexico
- 8.2.6.3.1 Market size and forecast, by Voltage
- 8.2.6.3.2 Market size and forecast, by Current Type
- 8.2.6.3.3 Market size and forecast, by Insulation Type
- 8.2.6.3.4 Market size and forecast, by Application
- 8.3 Europe
- 8.3.1 Key trends and opportunities
- 8.3.2 Europe Market size and forecast, by Voltage
- 8.3.3 Europe Market size and forecast, by Current Type
- 8.3.4 Europe Market size and forecast, by Insulation Type
- 8.3.5 Europe Market size and forecast, by Application
- 8.3.6 Europe Market size and forecast, by country
- 8.3.6.1 Germany
- 8.3.6.1.1 Market size and forecast, by Voltage
- 8.3.6.1.2 Market size and forecast, by Current Type
- 8.3.6.1.3 Market size and forecast, by Insulation Type
- 8.3.6.1.4 Market size and forecast, by Application
- 8.3.6.2 UK
- 8.3.6.2.1 Market size and forecast, by Voltage
- 8.3.6.2.2 Market size and forecast, by Current Type
- 8.3.6.2.3 Market size and forecast, by Insulation Type
- 8.3.6.2.4 Market size and forecast, by Application
- 8.3.6.3 France
- 8.3.6.3.1 Market size and forecast, by Voltage
- 8.3.6.3.2 Market size and forecast, by Current Type
- 8.3.6.3.3 Market size and forecast, by Insulation Type
- 8.3.6.3.4 Market size and forecast, by Application
- 8.3.6.4 Italy
- 8.3.6.4.1 Market size and forecast, by Voltage
- 8.3.6.4.2 Market size and forecast, by Current Type
- 8.3.6.4.3 Market size and forecast, by Insulation Type
- 8.3.6.4.4 Market size and forecast, by Application
- 8.3.6.5 Spain
- 8.3.6.5.1 Market size and forecast, by Voltage
- 8.3.6.5.2 Market size and forecast, by Current Type
- 8.3.6.5.3 Market size and forecast, by Insulation Type
- 8.3.6.5.4 Market size and forecast, by Application
- 8.3.6.6 Rest of Europe
- 8.3.6.6.1 Market size and forecast, by Voltage
- 8.3.6.6.2 Market size and forecast, by Current Type
- 8.3.6.6.3 Market size and forecast, by Insulation Type
- 8.3.6.6.4 Market size and forecast, by Application
- 8.4 Asia-Pacific
- 8.4.1 Key trends and opportunities
- 8.4.2 Asia-Pacific Market size and forecast, by Voltage
- 8.4.3 Asia-Pacific Market size and forecast, by Current Type
- 8.4.4 Asia-Pacific Market size and forecast, by Insulation Type
- 8.4.5 Asia-Pacific Market size and forecast, by Application
- 8.4.6 Asia-Pacific Market size and forecast, by country
- 8.4.6.1 China
- 8.4.6.1.1 Market size and forecast, by Voltage
- 8.4.6.1.2 Market size and forecast, by Current Type
- 8.4.6.1.3 Market size and forecast, by Insulation Type
- 8.4.6.1.4 Market size and forecast, by Application
- 8.4.6.2 Japan
- 8.4.6.2.1 Market size and forecast, by Voltage
- 8.4.6.2.2 Market size and forecast, by Current Type
- 8.4.6.2.3 Market size and forecast, by Insulation Type
- 8.4.6.2.4 Market size and forecast, by Application
- 8.4.6.3 India
- 8.4.6.3.1 Market size and forecast, by Voltage
- 8.4.6.3.2 Market size and forecast, by Current Type
- 8.4.6.3.3 Market size and forecast, by Insulation Type
- 8.4.6.3.4 Market size and forecast, by Application
- 8.4.6.4 South Korea
- 8.4.6.4.1 Market size and forecast, by Voltage
- 8.4.6.4.2 Market size and forecast, by Current Type
- 8.4.6.4.3 Market size and forecast, by Insulation Type
- 8.4.6.4.4 Market size and forecast, by Application
- 8.4.6.5 Rest of Asia-Pacific
- 8.4.6.5.1 Market size and forecast, by Voltage
- 8.4.6.5.2 Market size and forecast, by Current Type
- 8.4.6.5.3 Market size and forecast, by Insulation Type
- 8.4.6.5.4 Market size and forecast, by Application
- 8.5 LAMEA
- 8.5.1 Key trends and opportunities
- 8.5.2 LAMEA Market size and forecast, by Voltage
- 8.5.3 LAMEA Market size and forecast, by Current Type
- 8.5.4 LAMEA Market size and forecast, by Insulation Type
- 8.5.5 LAMEA Market size and forecast, by Application
- 8.5.6 LAMEA Market size and forecast, by country
- 8.5.6.1 Brazil
- 8.5.6.1.1 Market size and forecast, by Voltage
- 8.5.6.1.2 Market size and forecast, by Current Type
- 8.5.6.1.3 Market size and forecast, by Insulation Type
- 8.5.6.1.4 Market size and forecast, by Application
- 8.5.6.2 Saudi Arabia
- 8.5.6.2.1 Market size and forecast, by Voltage
- 8.5.6.2.2 Market size and forecast, by Current Type
- 8.5.6.2.3 Market size and forecast, by Insulation Type
- 8.5.6.2.4 Market size and forecast, by Application
- 8.5.6.3 South Africa
- 8.5.6.3.1 Market size and forecast, by Voltage
- 8.5.6.3.2 Market size and forecast, by Current Type
- 8.5.6.3.3 Market size and forecast, by Insulation Type
- 8.5.6.3.4 Market size and forecast, by Application
- 8.5.6.4 Rest of LAMEA
- 8.5.6.4.1 Market size and forecast, by Voltage
- 8.5.6.4.2 Market size and forecast, by Current Type
- 8.5.6.4.3 Market size and forecast, by Insulation Type
- 8.5.6.4.4 Market size and forecast, by Application
CHAPTER 9: COMPANY LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product Mapping of Top 10 Player
- 9.4. Competitive Dashboard
- 9.5. Competitive Heatmap
- 9.6. Key developments
CHAPTER 10: COMPANY PROFILES
- 10.1 ABB Ltd
- 10.1.1 Company overview
- 10.1.2 Company snapshot
- 10.1.3 Operating business segments
- 10.1.4 Product portfolio
- 10.1.5 Business performance
- 10.1.6 Key strategic moves and developments
- 10.2 Siemens AG
- 10.2.1 Company overview
- 10.2.2 Company snapshot
- 10.2.3 Operating business segments
- 10.2.4 Product portfolio
- 10.2.5 Business performance
- 10.2.6 Key strategic moves and developments
- 10.3 General Electric
- 10.3.1 Company overview
- 10.3.2 Company snapshot
- 10.3.3 Operating business segments
- 10.3.4 Product portfolio
- 10.3.5 Business performance
- 10.3.6 Key strategic moves and developments
- 10.4 Mitsubishi Electric Corporation
- 10.4.1 Company overview
- 10.4.2 Company snapshot
- 10.4.3 Operating business segments
- 10.4.4 Product portfolio
- 10.4.5 Business performance
- 10.4.6 Key strategic moves and developments
- 10.5 Schneider Electric
- 10.5.1 Company overview
- 10.5.2 Company snapshot
- 10.5.3 Operating business segments
- 10.5.4 Product portfolio
- 10.5.5 Business performance
- 10.5.6 Key strategic moves and developments
- 10.6 Ormazabal
- 10.6.1 Company overview
- 10.6.2 Company snapshot
- 10.6.3 Operating business segments
- 10.6.4 Product portfolio
- 10.6.5 Business performance
- 10.6.6 Key strategic moves and developments
- 10.7 Bharat Heavy Industries
- 10.7.1 Company overview
- 10.7.2 Company snapshot
- 10.7.3 Operating business segments
- 10.7.4 Product portfolio
- 10.7.5 Business performance
- 10.7.6 Key strategic moves and developments
- 10.8 Hyundai Electric & Energy Systems Co., Ltd.
- 10.8.1 Company overview
- 10.8.2 Company snapshot
- 10.8.3 Operating business segments
- 10.8.4 Product portfolio
- 10.8.5 Business performance
- 10.8.6 Key strategic moves and developments
- 10.9 Powell Industries
- 10.9.1 Company overview
- 10.9.2 Company snapshot
- 10.9.3 Operating business segments
- 10.9.4 Product portfolio
- 10.9.5 Business performance
- 10.9.6 Key strategic moves and developments
- 10.10 TOSHIBA Corporation
- 10.10.1 Company overview
- 10.10.2 Company snapshot
- 10.10.3 Operating business segments
- 10.10.4 Product portfolio
- 10.10.5 Business performance
- 10.10.6 Key strategic moves and developments
- 10.11 Eaton Corporation
- 10.11.1 Company overview
- 10.11.2 Company snapshot
- 10.11.3 Operating business segments
- 10.11.4 Product portfolio
- 10.11.5 Business performance
- 10.11.6 Key strategic moves and developments
- 10.12 Chint Group
- 10.12.1 Company overview
- 10.12.2 Company snapshot
- 10.12.3 Operating business segments
- 10.12.4 Product portfolio
- 10.12.5 Business performance
- 10.12.6 Key strategic moves and developments
- 10.13 Hyosung Heavy Industries
- 10.13.1 Company overview
- 10.13.2 Company snapshot
- 10.13.3 Operating business segments
- 10.13.4 Product portfolio
- 10.13.5 Business performance
- 10.13.6 Key strategic moves and developments
- 10.14 Lucky Group Ltd.
- 10.14.1 Company overview
- 10.14.2 Company snapshot
- 10.14.3 Operating business segments
- 10.14.4 Product portfolio
- 10.14.5 Business performance
- 10.14.6 Key strategic moves and developments
- 10.15 Jyothi Ltd.,
- 10.15.1 Company overview
- 10.15.2 Company snapshot
- 10.15.3 Operating business segments
- 10.15.4 Product portfolio
- 10.15.5 Business performance
- 10.15.6 Key strategic moves and developments
- 10.16 Fuji Electric Co., Ltd
- 10.16.1 Company overview
- 10.16.2 Company snapshot
- 10.16.3 Operating business segments
- 10.16.4 Product portfolio
- 10.16.5 Business performance
- 10.16.6 Key strategic moves and developments
- 10.17 SENTEG
- 10.17.1 Company overview
- 10.17.2 Company snapshot
- 10.17.3 Operating business segments
- 10.17.4 Product portfolio
- 10.17.5 Business performance
- 10.17.6 Key strategic moves and developments