LV and MV Gas Insulated Switchgears Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: ABB, Siemens, Mitsubishi, Fuji Electric, Schneider, Hyundai, Eaton

Registering a CAGR of 6.14% over the forecast period, the market value of LV and MV Gas Insulated Switchgears is expected to reach US$ 2,647.8million in the year 2027.

LV and MV Gas Insulated Switchgears Market Overview

The report aspects discussed the profile of the top manufacturers of the global LV and MV Gas Insulated Switchgears market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined LV and MV Gas Insulated Switchgears Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries. Improvements in the characteristics of SF6 switchgear are projected to drive the global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market. Great interrupting performance, minimal space requirements, environmental friendliness, low operating noise levels, and extensive maintenance intervals are all features of this switchgear. The modernization of old transmission and distribution facilities is also expected to stimulate the market.

Who are the Major Players in the LV and MV Gas Insulated Switchgears Market?

The global LV and MV Gas Insulated Switchgears includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include, ABB, Siemens, Mitsubishi, Fuji Electric, Schneider, Hyundai, Eaton, Hitachi, Nissin Electric Co., Ltd., Ouyue, Henan Pinggao Electric, HICO America(Hyosung Corporation), Huatech, XD Group, and others.

Industry News and Updates:

Mitsubishi Electric Develops New Gas-insulated Switchgear Technologies for Electric Power Applications

January 17, 2019 Mitsubishi Electric Corporation (TOKYO: 6503) today announced the development of two technologies for sulfur-fluoride (SF6) gas-insulated switchgears, including an arc-cooling technology that improves electrical current interruption in high-voltage power systems by 25% and a high-density dielectric coating technology that enhances insulation performance in high-voltage conductors by 30%. The two innovations will enable switchgears get even smaller and lessen the consumption of SF6 gas, which has a potential to cause global warming that is 22,800 times greater than that of CO2.

What are the major Applications, Types, and Regions for the LV and MV Gas Insulated Switchgears Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• Primary Gas Insulated Switchgear


• Secondary Gas Insulated Switchgear

By Application, it is segmented into

• Utilities and Power Plants


• Transportation


• Industry Applications

LV and MV Gas Insulated Switchgears Market Regional Analysis

In 2021, the market for low voltage (LV) and medium voltage (MV) switchgear was dominated by Asia Pacific with a share of 39.12%. Major centres for research and development in the fields of technology and the creation of new products are located in North America and Asia Pacific. The market in these areas is being driven by the profitable presence of low voltage switchgear and medium voltage switchgear manufacturers. In 2021, North America accounted for 26.36 percent of the global market thanks to the presence of numerous illustrious manufacturing companies that provide electrification components for a range of sectors.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The LV and MV Gas Insulated Switchgears Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global LV and MV Gas Insulated Switchgears Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our LV and MV Gas Insulated Switchgears Market report scope?

Scope of the Report covers LV and MV Gas Insulated Switchgears Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this LV and MV Gas Insulated Switchgears Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.

Key Takeaways from this LV and MV Gas Insulated Switchgears Report

• Evaluate LV and MV Gas Insulated Switchgears market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the LV and MV Gas Insulated Switchgears market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The LV and MV Gas Insulated SwitchgearsMarket is studied from 2017 - 2027.

What is the growth rate of the LV and MV Gas Insulated Switchgears Market?

The LV and MV Gas Insulated Switchgears Market is growing at a CAGR of 6.14% over the next 5 years.

Who are the key players in LV and MV Gas Insulated Switchgears Market?

ABB, Siemens, Mitsubishi, Fuji Electric, Schneider, Hyundai, Eaton, Hitachi, Nissin Electric Co., Ltd., Ouyue, Henan Pinggao Electric, HICO America(Hyosung Corporation), Huatech, XD Group

What regions does this LV and MV Gas Insulated Switchgears Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of LV and MV Gas Insulated Switchgears Market?

Primary Gas Insulated Switchgear, Secondary Gas Insulated Switchgear

What are the major end-use applications of LV and MV Gas Insulated Switchgears Market?

Utilities and Power Plants, Transportation, Industry Applications

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