Global Medium Voltage Switchgear Market is Expected to Reach $38.92 billion by 2023

Report Sellers has added a new market research report “Medium Voltage Switchgear - Global Market Outlook (2017-23)” to its offerings.

According to Report, the Global Medium Voltage Switchgear Market accounted for $20.69 billion in 2016 and is expected to reach $38.92 billion by 2023 growing at a CAGR of 9.4% during the forecast period. One of the major factors expected to fuel the demand for medium voltage switchgear market is growing demand for electrification coupled with implementation of smart grid technology in developing countries in the near-term years. However, absence of appropriate electrification in industries has been hampering the use of switchgears and other advanced equipment, which need electricity.

Medium voltage switchgear requires advanced and efficient current transmission and distribution networks for superior performance. It ranges from 3kV to 40Kv. By region, Asia Pacific commanded the global medium voltage switchgear market in 2016 in terms of both revenue and volume, and is expected to sustain its dominance in the future too. Launch of smart grid initiatives by various governments in this region, together with the massive investment for enhancing power transmission and distribution systems, is the principal factor behind this regions supremacy in the global medium voltage switchgear market. Moreover, emerging nations such as China, India, Indonesia, Malaysia, Taiwan, Japan, and South Korea are expected to have increased demand for Medium Voltage Switchgear.

Some of the key players in the market include Schneider Electric SE, ABB, Siemens AG, General Electric, Mitsubishi Electric and B. Braun Melsungen.

Browse through the complete description and in-depth TOC on “Global Medium Voltage Switchgear Market”
https://www.reportsellers.com/market-research-report/Medium-Voltage-Switchgear---Global-Market-Outlook-2017-2023   

What does the Report Offers

• Market share assessments for the regional and country level segments
• Market share analysis of the top industry players 
• Strategic recommendations for the new entrants
• Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments

 
Report Scope

Global Medium Voltage Switchgear Market has been segmented by voltage ratings covered, end users covered, insulating medium covered and regions covered

Voltage ratings covered: 
28kV 40kV 
17kV 27kV 
6kV 15kV 
3kV 5kV 

End users covered: 
Utility Sector 
Power Plant 
Paper and Pulp Industry 
Oil, Gas and Petrochemical 
Commercial Sector 
Other End users 

Insulating medium covered: 
Air insulated switchgear 
Gas insulated switchgear 
Other medium
 
Regions covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK 
Spain 
Rest of Europe 
Asia Pacific
Japan 
China 
India 
Australia 
New Zealand 
South Korea
Rest of Asia Pacific 
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

Request sample here https://www.reportsellers.com/market-research-report/Medium-Voltage-Switchgear---Global-Market-Outlook-2017-2023

We have a large number of reports in Manufacturing & Construction Industry which can be accessed in the following link: https://www.reportsellers.com/category/manufacturing-construction-market-research-report
 
About Report Sellers
 
Report Sellers is a premium market research service provider offering market reports in varied sectors. We have a team of experienced analysts and publishers who continuously track the latest trends in different industries. Report Sellers is a brand of global repute and offers the best suited research services to its clients globally in the most satisfying manner. We have a strong network of industry experts who have successfully delivered complex research assignments in niche and top markets.