#Global Air Insulated Switchgear Market
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#Global Air Insulated Switchgear Market Size#Share#Trends#Growth#Industry Analysis#Key Players#Revenue#Future Development & Forecast 2023-2032
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Envisioning Success: Dielectric Gases Industry's Route to US$ 272.3 Billion by 2033
The Di-electric Gases industry is predicted to increase at a 7.2% CAGR from US$ 135.2 billion in 2023 to US$ 272.3 billion in 2033.
The advantages of dielectric gases over high-risk oils are expected to drive the global market forward. Gears, transformers, gas-insulated lines, and high-voltage transmission units are among the applications for the material. It can also contribute to the reduction of the size and weight of high-voltage transmission units. The market is on a strong development trajectory as global energy consumption rises.
Rising Application Across Industries Drives Market Growth
The expansion of the construction industry, led by the residential and commercial sectors, is likely to enhance market growth. Because of its high energy consumption, the sector is a prospective market for di-electric gases.
Furthermore, due to an increase in IT, telecom infrastructure, and HVAC unit setups, the product is projected to find application in medium voltage substations. It also has important applications in insulation.
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Key Takeaways from the Report:
The di-electric gases market recorded a CAGR of 5.9% between 2017 and 2022.
In China, the market is expected to grow at a CAGR of 8.2%, to reach a valuation of US$ 61.4 Bn by 2033.
The US market is projected to grow at a CAGR of 5.9% to reach a market value of US$ 27.9 Bn by 2033.
The market in Japan is expected to register a promising CAGR of 4.0%, growing by US$ 2.5 Bn between 2023 and 2033.
By top application, the high voltage segment is expected to grow at a CAGR of 7.4% during the forecast period
Important Market Developments:
In March 2022, Enedis and Schneider Electric collaborated to launch an advanced MV/LV substation equipment. This equipment uses an eco-friendly alternative to SF6gas. This new gas variant is highly in demand due to its application in high-voltage electrical distribution.
In May 2022, Elsewedy Electric launched the first-ever busway dielectric system facility in Africa. It has features such as high preventive security standards, owing to short circuits, load distribution, and a lower magnetic field.
In February 2021, Husqvarna launched a new pole saw, 525 DEPS MADSAW, or Minimal Approach Distances
Key Players:
The 3M Company
Solvay S.A.
General Electric
The Linde Group
KPL International Limited
Matheson Tri-Gas, Inc.
Kanto Denka Kogyo Co., Ltd.
Showa Denko K.K.
ABB Inc.
Messer Group GmbH
Startups & Key Players Keen on innovations
The industry players are primarily focused on developing eco-friendly alternatives. This has carved out a lucrative space for startups to experiment. New market players can lure consumers through the introduction of eco-friendly products. This is also expected to make up for the lost SF6 market during the forecast period.
Key Segmentation
Gas Type:
SF6 Di-Electric Gases
Dry Air Di-Electric Gases
Nitrogen Di-Electric Gases
Fluoronitrile (FN) Di-Electric Gases
Fluroketones (FK) Di-Electric Gases
Others
By End Use Equipment:
Switchgear
Transformers
Gas Insulated Lines
Application:
Medium Voltage
High Voltage
Extra & Ultra High Voltage
By End Use Industry:
Power Utilities
Oil & Gas
Chemicals & Petrochemicals
Heavy Metals
Mining
Transportation
Other Industrial
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Switchgear Market Dynamics: A Global Perspective
Switchgear market is switching device that is designed for protection, metering, regulation & controlling, transmitting & distributing equipment, and electric motor systems for controlling. They are present in large power transformers on both low-voltage and high-voltage sides. They include fuses, circuit breakers, and isolators. The switchgear system is linked to electricity supply system. The main function of switchgear is to protect the system in case of a short circuit and an overload.
The increased consumption of electricity in emerging and developed economies drive the growth of the switchgear market. Technological advancements and automation in switchgears offer wide opportunity for the growth in the switchgear market. However, stringent safety regulations restrain the market growth.
The global switchgear market is segmented into voltage type, product type, insulation, installation, end user, and region. Based on voltage type, the market is divided into low, medium, and high. Product type segment is further classified into Low Voltage Switchgear, metal enclosed & metal clad, MCCB, fuse, power circuit breaker, and Medium & High Voltage Switchgear. Based on insulation, the switchgear market is classified into air, gas, oil, and vacuum. Installation segment is further bifurcated into indoor and outdoor. The end user segment is categorized into utilities, industrial, residential, and commercial. The switchgear market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East and Africa) region.
KEY BENEFITS FOR STAKEHOLDERS :
The switchgear market size has been analyzed across all regions.
Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
The report outlines the current market trends and future scenario of the market size to understand the prevailing opportunities and potential investment pockets.
Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study.
The market analysis covers in-depth information of major industry participants.
Key market players : ABB Ltd., General Electric Company, Schneider Electric S.E., Eaton Corporation plc. Siemens AG, Larsen & Toubro Ltd., Hitachi Ltd., CG Power & Industrial Solutions Limited, Mitsubishi Electric Corporation, and Toshiba Corporation.
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Medium Voltage Switchgear Market Size, Share and Global Trend By Installation (Indoor, Outdoor), By Insulation Medium (Air, Oil, Gas, Others), By Application (Residential, Commercial, Industrial, Utility), and Geography Forecast till 2022-2029
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Air Insulated Switchgear Market Size, Share & Trends Analysis Report
Global Air Insulated Switchgear Market uses both primary and secondary analysis to evaluate the competitive landscape and identify the leading market players expected to dominate the market from 2020 to 2025.
Scope of Global Air Insulated Switchgear Market:
The latest business intelligence report on the Air Insulated Switchgear Market offers a comprehensive overview of the pivotal aspects pertaining to this industry vertical. It incorporates an accurate assessment of historical records, projections, growth drivers, opportunities, challenges, and restraints, among others.
Air-insulated switchgear (AIS) is a type of electrical switchgear that uses air as the insulating medium between the live parts. It is used in high-voltage applications, where the large voltages and currents can be handled without the risk of electrical arcing. AIS is a relatively mature technology, and it is widely used in power distribution stations and compact substations. It is also used in some industrial applications, such as manufacturing and processing plants. The main advantages of AIS are its low cost, its ease of maintenance, and its ability to handle large voltages and currents. However, AIS also has some disadvantages, such as its size and weight, and its vulnerability to environmental factors such as moisture and dust.
Browse In-depth Market Research Report (300 Pages) on Air Insulated Switchgear Market:
Air Insulated Switchgear Market Companies:
ABB Ltd.
Siemens AG
Schneider Electric
General Electric Company
Lucy Electric Ltd
Eaton Corporation PLC
Yokogawa Electric Corporation
TBEA India
EPE Switchgear (M) Sdn. Bhd.
SwitchGear Company NV.
Regional Insights:
The global air-insulated switchgear (AIS) market is covered by four regions: North America, Europe, Asia-Pacific, and Rest of the World. At the country level, the market is subdivided into the United States, Mexico, Canada, the United Kingdom, France, Germany, Italy, China, Japan, India, Southeast Asia, the Middle East (UAE, Saudi Arabia, Egypt), GCC, and Africa.
Global Air Insulated Switchgear Market Segmentation:
By Voltage Range:
3 kV–36 kV
>36 kV
By Installation:
Indoor
Outdoor
By Application:
Transmission & Distribution,
Manufacturing and Processing,
Infrastructure and Transportation,
Others
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124, City Road, London EC1V 2NX
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Unveiling the Potential: A Comprehensive Guide to the IEC MV Switchgear Market
Introduction:
The International Electrotechnical Commission (IEC) medium voltage (MV) switchgear market. As a sales engineer with extensive experience in the electrical product industry, I am excited to share valuable insights into this thriving sector. In this blog, we will explore the growth, trends, and opportunities in the IEC MV switchgear market, providing you with a comprehensive understanding of this dynamic industry.
➢ Understanding the IEC MV Switchgear Market: The IEC MV switchgear market refers to electrical equipment used for controlling, protecting, and isolating electrical circuits in medium voltage applications (1.1kV to 40.5kV). This market plays a crucial role in ensuring the safe and reliable distribution of electricity across various industries.
➢ Market Growth and Opportunities: According to recent research, the global IEC MV switchgear market is expected to witness significant growth from 2022 to 2030. The report highlights growth opportunities for manufacturers, including projections for air insulated and gas insulated switchgear. It also identifies key end-user segments with higher revenue growth, enabling businesses to align their strategies accordingly.
➢ Factors Driving Market Growth: Several factors contribute to the growth of the IEC MV switchgear market. These include increasing infrastructure development, expanding renewable energy installations, rising industrialization, and the need for reliable power distribution systems. Understanding these drivers can help businesses capitalize on emerging opportunities.
➢ Key Market Trends: To stay ahead in the rapidly evolving IEC MV switchgear market, it is essential to stay updated with the latest trends. Market research highlights regional and global end-user trends, enabling businesses to adapt their offerings to meet customer demands. Keeping abreast of technological advancements and industry best practices ensures a competitive edge in the market.
➢ Competitive Landscape: The IEC MV switchgear market is highly competitive, with several key players vying for market share. Identifying the main competitors in the market is crucial for businesses to devise effective marketing and sales strategies. By understanding competitors' strengths and weaknesses, companies can position themselves strategically and differentiate their offerings.
➢ Key Success Factors: To thrive in the IEC MV switchgear market, businesses must prioritize customer satisfaction and trust. Offering high-quality products, competitive pricing, fast after-sales service, and reliable warranties are essential factors for success. Additionally, building strong relationships with customers, participating in exhibitions, and investing in a skilled sales engineering team are key determinants of long-term success.
Conclusion:
The IEC MV switchgear market presents immense growth potential for businesses in the electrical product industry. By leveraging market insights, staying updated with trends, and adopting customer-centric strategies, companies can unlock new opportunities and achieve sustainable success. Remember, customer satisfaction and trust are the cornerstones of success in this dynamic industry.
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Gas Insulated Substation Market Analysis, Key Players, Industry Segments & Forecast 2023 to 2033
Throughout the forecast period, the worldwide gas insulated substation market is expected to grow at a rapid 5.4% CAGR. The market for gas-insulated substations is currently valued at US$ 14.6 billion in 2023. The market for gas-insulated substations is expected to reach a high valuation of US$ 24.6 billion by 2033.
Switchgear technological developments and a rising trend of grid upgrades in both developed and developing countries are key factors driving demand for gas insulated substations. Air-insulated substations are more likely to harm the environment, whereas gas-insulated substations are less likely to pollute the environment.
This factor is expected to drive global market expansion throughout the forecast period. Furthermore, the growing demand for compact, low-maintenance power systems is likely to boost market growth throughout the forecast period. In terms of efficiency and reliability, they outperform air-insulated substations.
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The market is expected to expand as a result of increased per-hectare land values because gas insulated substations require less space than their equivalents. Owing to their smaller footprint, these substations require 90% less room to install than traditional power plants.
Globally, the emphasis has shifted toward investments in clean energy projects and renewable energy development. As a consequence of the considerable development of new renewable projects and increased electricity use, the gas-insulated substation market is projected to present good potential in the future.
The market for gas-insulated substations is expected to grow over the following seven years as a result of rising demand for features including adaptability to fit in a structure. Compact power system demand is predicted to rise, driving worldwide market development. Its ability to function in difficult conditions such as the arctic and desert is expected to boost market size.
The market is benefiting from a considerable rise in power consumption in emerging nations as a result of various electrification initiatives. GIS is being used by several nations involved in cross-border power transmission to create lengthy transmission lines, distribution stations, and substations. The advent of digital monitoring systems that enable smart supervision of the operation of encapsulated switchgear components has benefited OEMs and distributors in the power transmission business. In recent years, manufacturers in the gas-insulated substations market have focused on commercializing products with sophisticated sealing systems and using low-weight gases, including non-SF6 gas. They are suited for arctic or desert environments due to their characteristics.
However, sulfur hexafluoride is a greenhouse gas, and its usage in substations is projected to slow market development. Moreover, the high cost of traditional power substations is projected to stymie market expansion and provide hurdles to industry participants.
Key Takeaways:
During the forecast period, the U.S. is estimated to account for the largest share of the global gas insulated substation market. This is attributed to regional key enterprises modifying their designs to meet the operating demands of their end users at a low price without sacrificing stability or employee safety, as world leaders in both medium and high-voltage SF6 Gas Insulated Substation (GIS) spanning from 24kV to 800kV.
During the forecast period, the Asia Pacific gas insulated substation market is expected to have the highest share, led by China and Japan. This is owing to market players who have successfully produced a standard series of phase-separated type or three-phase enclosed type GIS that achieves a very compact and exceptionally dependable construction, with years of experience.
Owing to its ability to be planted in small areas and also deployed in residential areas and industrial complexes where continuous electricity is required, along with its portability, the “indoor” installation type is expected to hold the greatest revenue, through the forecast period.
Competitive Landscape:
To promote the brand and income, industry participants engage in a flood of focused product releases and worldwide growth. They are also spreading their reach across many continents and entering new markets, particularly in emerging countries, in order to build their consumer base and enhance their position. As a result of the rising frequency of contaminations and the development of illnesses throughout the world, industry participants are also introducing new innovative products to the market. These reasons are expected to boost the growth of the global gas insulated substation market.
Key Players:
General Electric Company
Hitachi Ltd.
ABB Ltd.
Larsen & Toubro Limited
Siemens AG
Mitsubishi Electric Corporation
Eaton Corporation PLC
Toshiba Corp
CG Power and Industrial Solutions Ltd
Schneider Electric SE
Bharat Heavy Electricals Limited
Elsewedy Electric Co S.A.E.
Powell Industries Inc.
Hyosung Corp
Recent Developments:
In November 2018, ABB has been granted a contract by German grid operator Transnet BW for an electrical substation upgrade. ABB is responsible for installing the world’s first 380kV gas-insulated switchgear under the US$ 40 million contract.
In 2020, The Hitachi ABB Power Grids joint venture was formed by Hitachi Ltd. The new business is anticipated to offer financial power to support ambitious projects and new commercial potential as the sector embraces decentralization and digitization.
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Key Segments Profiled in the Gas Insulated Substation Market Survey
By Basis of Installation:
Indoor
Outdoor
By Voltage Rating:
Medium Voltage (Up to 72.5 kV)
High Voltage (72.5 kV – 220 kV)
Ultra-High Voltage (220 kV – 765 kV)
By End User:
Power Transmission & Distribution
Manufacturing & Processing
By Region:
North America
Latin America
Asia Pacific
Middle East and Africa (MEA)
Europe
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#Global Air Insulated Switchgear Market Size#Share#Trends#Growth#Industry Analysis#Key Players#Revenue#Future Development & Forecast 2023-2032
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Sulphur Hexafluoride Market Growth, COVID Impact, Trends Analysis Report Forecast to 2033
The market for sulphur hexafluoride is valued at US$ 288.37 million in 2023 and is expected to climb to US$ 487.93 million by 2033. During the projection period, the market will rise at a substantial CAGR of 5.4%. Favorable chemical properties and variegated end-use applications particularly electronic devices continue to supplement the growth of sulphur hexafluoride market.
Sulphur Hexafluoride (SF6) Calibration Gas is manufactured by reaction of fluorine with sulphur through electrolysis. Sulphur hexafluoride has excellent thermal, electrical, and chemical properties which make it suitable for various applications. It is used in industries such as power, medical, electronics, glass, metal, etc.
Sulphur hexafluoride has excellent properties which are compatible with electrical applications. Thermal stability and high dielectric strength of Sulphur hexafluoride provide outstanding cooling and insulating properties. Being an ideal quench, it is used in switchgear and electric circuit breakers.
Sulphur hexafluoride is compatible for high-voltage and medium-high voltage power circuit breakers, electricity sub stations, transformers, high-voltage cables, linear accelerators, electron microscopes, and so on. Use of Sulphur hexafluoride over traditional dielectrics provides certain advantages such as space saving, low weight, and operational safety of the equipment.
In electronics industry, Sulphur hexafluoride is used as an etching gas in the manufacturing of photovoltaic panels, flat panels, and semiconductor devices. Large molecule size and high density of Sulphur hexafluoride make it a preferred etching gas in various electronic production processes.
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Sustainable Practices Remain Key Agenda of Industry Leaders
Some of the key players featured in this FMI study include, but are not limited to, Advanced Specialty Gases, Air Liquide, Electronic Fluorocarbons, LLC, Axcel Gases, American Gas Products, Solvay S.A., Praxair Technology, Inc., Honeywell International, Fujian Shaowu Yongfei Chemical Co. Ltd., Air Products and Chemicals, Inc., Chengdu Kemeite, Concorde Specialty Gases Inc., and Liming Research Institute.
The global sulphur hexafluoride market is fragmented in nature. Reusing sulphur hexafluoride and incorporating latest technology is the key forte of market leaders. For instance, Solvay reclaims and reuses sulphur hexafluoride gas worldwide to comply with stringent environmental norms. Other players opt for collaborations to strengthen their market presence.
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Sulphur Hexafluoride Market: Segmentation
The global sulphur hexafluoride market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
By Grade
Technical
Electronic
By Application
Electrical Transmission and Distribution
Semiconductor Manufacturing
More about the Report
FMI’s study offers an in-depth market forecast and analysis on the global sulphur hexafluoride market. The major categories encompassed by the report include grade, application across five regions (North America, Latin America, Europe, Middle East & Africa, Asia Pacific).
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Medium Voltage Switchgear Market Revenue, Opportunity, Segment & Key Trends To 2031
Medium Voltage Switchgear Market Overview
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.
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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.
On the basis of region, the Asia-Pacific segment is projected to grow at the highest CAGR of approximately 8.8%, in terms of revenue, during the forecast period.
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.
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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.
Impact of Covid-19 on Medium Voltage Switchgear Market
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.
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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.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Medium Voltage Switchgear Market to drive the Highest CAGR Growth by 2031
Medium Voltage Switchgear Market Top Companies
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.
According to a new report published by Allied Market Research, titled, 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.
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.
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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.
On the basis of region, the Asia-Pacific segment is projected to grow at the highest CAGR of approximately 8.8%, in terms of revenue, during the forecast period.
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.
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.
Impact of Covid-19 on Medium Voltage Switchgear Market
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.
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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.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
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Switchgear Monitoring System | Projected to Witness Vigorous Expansion in Future
The demand for switchgear monitoring systems has increased due to soaring investments in renewable energies and in demand for safe, secure electricity distribution systems. The switchgear is defined as a combination of electrical disconnecting switches, breakers, protective relays and other components like interconnectors. Using the switchgear, electric current can be continuously transferred and current overload, short circuit and insulator failure protected. It has been designed for safeguarding, controlling and isolating electrical networks, sub-stations and other electric equipment.
In high voltage substations a high-voltage switchgear, used in power services, is installed. This switchgear is classified as an air-insulated switchgear. With global energy demand growing at a very high rate, new power plants have been installed at a fast speed to meet rising demand for electricity. This would greatly drive demand in the global switchgear monitoring system market.
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Ring Main Unit Market Industry Forecast till 2030 Detailed in New Research Report.
Ring main unit (RMU) is used in a secondary distribution system. It is basically used for an uninterrupted supply of power. It is used for medium voltage distribution in compact substations, small buildings, residential housing complex etc. Rapid urbanization and smart city initiatives are driving the demand of ring main unit market. The global ring main unit market is projected to grow at a CAGR of 8.4% from 2022 to 2030, to reach the market size of USD 2.65 billion by 2030.
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Key Players
The key players of global ring main unit market are ABB Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation, PLC (Ireland), Siemens AG (Germany), General Electric Company (U.S.), Lucy Electric Limited (U.K.), L&T (India), Yokogawa Electric Corporation (Japan), SwitchGear Company (Belgium) and EPE Switchgear (M) Sdn. Bhd. (Malaysia).
Market Research Analysis
On the basis of regions, the global ring main unit market is segmented as North America, Europe, Asia-Pacific and RoW. Asia-Pacific region dominates the ring main unit market. The demand of ring main unit market in Asia-Pacific region is driven by rapid growth in industrialization, urbanization, and construction & infrastructure activities as well as it is driven by the growing renewable sector in the region.
Europe and North America is also expected to contribute significantly to the global ring main unit market. Upgradation of existing power infrastructure network is driving the demand of ring main unit in these regions.
Scope of the Report
This study provides an overview of the global ring main unit market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global ring main unit market as type, installation, and application.
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By Type
Oil Insulated,
Gas Insulated
Air Insulated
Solid Dielectric
By Installation
Indoor
Outdoor
By Application
Distribution Utilities
Industrial
Commercial
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Sulfur Hexafluoride Market overview by recent opportunities, growth size, regional analysis and forecasts to 2031 | Praxair, Linde
Global Sulfur Hexafluoride Market report from Global Insight Services is the single authoritative source of intelligence on Sulfur Hexafluoride Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Sulfur hexafluoride (SF6) is a colorless, odorless, non-toxic, non-flammable gas that is used in a variety of applications. SF6 is most commonly used in electrical equipment, such as circuit breakers and switchgear, because it is an excellent electrical insulator. SF6 is also used in other applications, such as in arc welding and in the production of magnesium metal.
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Key Trends and Drivers
The rising demand for electrical and electronics products is one of the major factors driving the growth of the SF6 market. SF6 is used in electrical equipment such as circuit breakers, switchgear, and gas-insulated substations due to its excellent electrical insulation properties. The growing demand for electricity in developed as well as developing countries is expected to boost the demand for electrical equipment, which in turn is expected to drive the growth of the SF6 market.
The increasing use of SF6 in magnesium production is another factor driving the growth of the SF6 market. SF6 is used as a shielding gas in the production of magnesium by the electrolytic process. The increasing demand for magnesium in the automotive and aerospace industries is expected to boost the demand for SF6.
SF6 low global warming potential makes it a desirable gas for use in a variety of applications. SF6 has a global warming potential that is approximately 23,900 times lower than that of carbon dioxide (CO2). This low global warming potential makes SF6 an attractive option for use in applications where greenhouse gas emissions need to be minimized.
Market Segments
By Product
Electronic Grade
UHP Grade
Standard Grade
By Application
Power & Energy
Medical
Metal Manufacturing
Electronics
Others
By Region
North America
U.S.
Canada
Europe
Germany
Key Players
Praxair
Linde
Air Products and Chemicals
Matheson Tri-Gas
Messer
Togas
Solvay
Honeywell
Daikin
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DC Switchgear Market Development Status, Competition Analysis, Type & Application by 2032
According to a recent FMI report, the global DC switchgear market is expected to grow at a 6% CAGR over the forecast period. The region’s dominance in the global market is the result of several governments in this region implementing innovative grid programmes and massive investments in modernising electricity transmission and distribution networks.
DC switchgear statistics point to Asia Pacific, where the market is expected to grow significantly over the forecast period. The Asia Pacific DC switchgear market is now growing at the fastest rate, owing to factors such as increased peak load demand, the expansion of micro-grid networks, and concerns about grid stability and supply security.
Growth in the DC switchgear industry is expected to be driven by a growing preference for energy-efficient distribution networks, as well as increased concerns about transmission network stability, security, and reliability. Growing renewable energy investments have the potential to create lucrative DC switchgear market opportunities over the forecasted period.
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Key Takeaways:
• Contribution of railway segment is projected to be the most during the forecast period.
• Sales of DC switchgear with a capacity of 750 V is anticipated to remain the highest, as end users seek high efficiency.
• The DC switchgear market sizein the United States is expected to grow by more than 5% by 2025. The same can be attributed to government initiatives to replace and upgrade existing distribution networks.
• By installation, the outdoor installation segment is expected to have a large DC switchgear market sharedue to its ability to withstand harsh climatic conditions while also providing reliable and cost-effective operations.
“Asia Pacific is anticipated to have a major share of the global switchgear market, owing to increased investments in the railway sector and the incorporation of renewable energy sources, particularly in countries like Australia, India, China, and Japan. The presence of a large potential for large industrial plant construction, combined with rapidly developing residential and commercial sectors, is also expected to increase the demand for DC switchgears and contribute to regional growth.” opines an FMI analyst.
Competitive Landscape:
A few key players in the DC switchgear market are Toshiba Infrastructure Systems & Solutions Corporation (Japan), Siemens (Germany), Hitachi Energy Ltd. (Japan), ABB (Switzerland) and Eaton (Ireland), L & T (India), Lucy Electric (UK), Hubbell Incorporated (United States).
DC switchgear companies use different strategies to acquire a high share in the DC switchgear market. Some of the key strategies in DC switchgear market include contracts and agreements, investments and expansions, partnerships, collaborations, alliances, and joint ventures.
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Global DC Switchgear Market by Category
By Component Type:
Power Distributor Switch Breaker
Switch Disconnector
MCCB
MCB
HRC Fuse
Earth Fuse
By Voltage Range:
Up to 750V
750V to 1800V
1800V to 3000V
3000V to 10,000V
Above 10kV
By Insulation Type:
Air Insulated
Gas Insulated
Oil Insulated
Vacuum Insulated
Solid Insulated
By Deployment Type:
Fixed Mounting
Plug-In
Withdrawable Units
By Application:
Railways
Solar Farms
Battery Storage
EV Charging Infrastructure
Marine
Power Generation and Distribution
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia Pacific
The Middle East and Africa
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Air Insulated Switchgear Market Air insulated switchgear is a secondary power distribution device which redistributes the power of a primary power distribution device. Any extra units can be added …
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