The global Low Voltage (LV) and Medium Voltage (MV) Switchgear market was valued at 5913.41 Million USD in 2021 and will grow with a CAGR of 3.87% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Switchgear form an important T&D equipment. They are used to control safety and reliability of networks for ensuring smooth flow of electric power.The lack of adequate electrification has been inhibiting the growth of the industrial sector across emerging economies. To counter the situation, governments in India and China have adopted several approaches to improve grid connectivity in remote locations. A significant portion of the budget for such improvement plans has been allocated to urbanization, thus fuelling the deployment of smart grid technology. This subsequently translates into greater opportunities for sales of LV and MV switchgear in these countries.

By Market Verdors:

ABB Ltd.

Eaton

General Electric

Powell Industries

Siemens AG

Schneider Electric

Bharat Heavy Electricals

Hyosung Corp

Mitsubishi Electric Corporation

By Types:

Less than 1kV

1kV - 5kV

6kV - 15kV

16kV - 27kV

28kV - 38kV

By Applications:

Power Plants

Oil & Gas and Petrochemical Industry

Pulp and Paper Industry

Utilities Sector

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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