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electronalytics · 1 year

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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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industryinsightsandanalysis · 3 days

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Cyclopentane Market Size, Share, Trends & Forecast

According to a new report by Univdatos Market Insights, the Global Cyclopentane Market is expected to reach USD 695.35 million in 2032, growing at a CAGR of 6.91%. The market is experiencing significant growth driven by increasing insulation, refrigeration, and electrical demand, coupled with stringent environmental regulations promoting eco-friendly blowing agents.

Market Dynamics

The cyclopentane market continues to grow due to several factors. Firstly, the global push for energy efficiency, particularly in household appliances, has led to increased demand for cyclopentane as a blowing agent in polyurethane foam insulation. For instance, in May 2024, Whirlpool Corporation reported a 12% increase in sales of its energy-efficient refrigerator line using cyclopentane-based insulation.

Moreover, the phase-out of hydrochlorofluorocarbons (HCFCs) and hydrofluorocarbons (HFCs) under the Montreal Protocol and subsequent amendments has accelerated the adoption of cyclopentane as an environmentally friendly alternative. In February 2024, the European Union implemented stricter regulations on fluorinated greenhouse gases, further boosting cyclopentane demand in the region.

The construction industry's recovery post-COVID-19 pandemic has also contributed to increased cyclopentane usage in insulation materials. For instance, in 2024, according to the report published by the United States Census Bureau, the construction spending during May 2024 was estimated at a seasonally adjusted annual rate of USD 2,139.8 billion, 0.1 percent (±1.0 percent) below the revised April estimate of USD 2,142.1 billion. The May figure is 6.4 percent (±1.6 percent) above the May 2023 estimate of USD 2,011.8 billion. During the first five months of this year, construction spending amounted to USD 836.3 billion, 8.8 percent (±1.2 percent) above the USD 768.6 billion for the same period in 2023.

Additionally, technological advancements in cyclopentane production have improved efficiency and reduced costs. In August 2023, BASF SE announced a new catalytic process for cyclopentane production, which reduced energy consumption by 30% and decreased carbon emissions by 25% compared to conventional methods.

Sector Specific Growth

Refrigeration and Air Conditioning: The refrigeration and air conditioning sector remains the largest consumer of cyclopentane, driven by stringent energy efficiency standards and the shift towards eco-friendly refrigerants. For instance, in June 2024, according to Daikin, the company is focused on increasing its localization level, leveraging the PLI scheme for the air conditioning sector. The company plans to enhance local manufacturing of PCB circuits to achieve this goal. The company expects to manufacture 2 million units in India this fiscal year and has plans to scout for more export opportunities by making India a manufacturing hub. The company has sold seven lakh residential air conditioners (RAC) units in the first three months of the year, helped by a blistering summer this season, and expects over 50 percent growth. Therefore, this will increase the demand for cyclopentane-based insulation materials in the coming years.

Construction and Insulation: The construction and insulation segment has been a significant driver of cyclopentane demand, particularly in developing economies. The growing emphasis on green building practices has further boosted cyclopentane adoption. In January 2024, the Indian Green Building Council reported a 20% increase in green building certifications, with many projects utilizing cyclopentane-based insulation materials.

Electrical and Electronics: The electrical and electronics industry is emerging as a promising growth area for cyclopentane, particularly in producing circuit breakers and switchgear. In February 2024, Huntsman Building Solutions (HBS), the global leader in high-performance, energy-efficient, and resilient building envelope solutions, announced the launch of its all-new Icynene Series spray polyurethane foam insulation product line. The collection of spray foam systems offers the highest performance available in the industry today and includes key product certifications.

Request Free Sample Pages with Graphs and Figures Here https://univdatos.com/get-a-free-sample-form-php/?product_id=63784

Sustainability Drives Innovation in Cyclopentane Production and Application

The market is witnessing rapid technological developments and significant efforts from industry leaders in researching sustainable production methods. In October 2023, a consortium of European chemical companies unveiled a breakthrough in bio-based cyclopentane production, utilizing renewable feedstocks derived from agricultural waste. This innovation is expected to reduce the carbon footprint of cyclopentane production by up to 70% compared to conventional methods. The trend towards circular economic practices is also influencing the cyclopentane market. In September 2023, a major European appliance manufacturer launched a pilot program for recovering and purifying cyclopentane from end-of-life refrigerators, aiming to reduce virgin material consumption and minimize waste.

Conclusion:

With increasing environmental concerns, stringent regulations, and the growing demand for energy-efficient products, the cyclopentane market is poised for substantial growth in the coming years. The industry's focus on sustainable production methods, innovative applications, and circular economy practices is expected to drive further expansion and geographic diversification of the market.

As the global economy continues to prioritize sustainability and energy efficiency, cyclopentane is likely to remain a critical component in various industries, particularly in insulation, refrigeration, and electrical applications. The future of the industry will largely depend on its ability to adapt to evolving regulatory landscapes, consumer preferences, and technological advancements in green chemistry and manufacturing processes.

Contact Us:

UnivDatos Market Insights

Email - [email protected]

Contact Number - +1 9782263411

Website -www.univdatos.com

#Cyclopentane Market

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sheetalblogs · 1 month

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#Refurbished switchgear Market

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globalgrowthinsights · 2 months

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Automotive HUD Market Size, Share, Growth, Trends [2032]

Automotive HUD Market provides in-depth analysis of the market state of Automotive HUD manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Automotive HUD in these regions till the forecast period

North America

Middle East and Africa

Asia-Pacific

South America

Europe

Key Attentions of Automotive HUD Market Report:

The report offers a comprehensive and broad perspective on the global Automotive HUD Market.

The market statistics represented in different Automotive HUD segments offers complete industry picture.

Market growth drivers, challenges affecting the development of Automotive HUD are analyzed in detail.

The report will help in the analysis of major competitive market scenario, market dynamics of Automotive HUD.

Major stakeholders, key companies Automotive HUD, investment feasibility and new market entrants study is offered.

Development scope of Automotive HUD in each market segment is covered in this report. The macro and micro-economic factors affecting the Automotive HUD Market

Advancement is elaborated in this report. The upstream and downstream components of Automotive HUD and a comprehensive value chain are explained.

Browse More Details On This Report at @https://www.globalgrowthinsights.com/market-reports/automotive-hud-market-100004

Global Growth Insights

Web: https://www.globalgrowthinsights.com

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palashbhagat5 · 2 months

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#Pad-Mounted Switchgear Market

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bllogervision · 11 months

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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

#Dielectric Gases Industry

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1-2-3-4-4498-0 · 11 months

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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.

#Switchgear #Market

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bharat059 · 1 year

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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

#Medium Voltage Switchgear Market

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samairablog12 · 1 year

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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

Contact Us:

BrandEssence® Market Research and Consulting Pvt ltd.

124, City Road, London EC1V 2NX

Email: [email protected]

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electronalytics · 1 year

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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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sagarg889 · 1 year

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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.

Get a PDF Sample Copy of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13293

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.

Browse Detailed Summary of Research Report with TOC @ https://www.futuremarketinsights.com/reports/gas-insulated-substation-market

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

#Gas Insulated Substation Market

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my-123 · 2 years

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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.

Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2371

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).

Browse latest Market Reports@  https://www.futuremarketinsights.com/category/chemicals-and-materials

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energypowernews · 2 years

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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.

Get Free Sample PDF @ https://www.alliedmarketresearch.com/request-sample/31750

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.

Buy Now: https://www.alliedmarketresearch.com/medium-voltage-switchgear-market/purchase-options

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.

Browse Complete Report @ https://www.alliedmarketresearch.com/medium-voltage-switchgear-market-A31300

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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#switchgear #energy #power #electric #electrical

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rahulpande15 · 2 years

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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.