North America MV switchgear Market to record annual deployment of 1 million units by 2025

December 23, 2019


As per the recent research report titled ‘North America MV Switchgear Market Size By Voltage (3 kV to 9 kV, > 9 kV to 15 kV, > 15 kV to 21 kV, > 21 kV to 27 kV, > 27 kV to 33 kV, > 33 kV), By Rated Current (< 500 A, 500 to 1500 A, 1500 to 2500 A, 2500 to 3500 A, > 3500 A) By Component (Circuit Breakers, Contactors, Switches & Disconnector, Fuses, Others), By Installation (Indoor, Outdoor), By Insulation (Air, Gas, Oil, Vacuum, Others), By Enclosure (Metal {Indoor, Outdoor}, Non Metal {Outdoor}), By End-Use (Power Stations, Transformer Substations, Local Electricity Supply, Others), By Application (Residential, Commercial {Healthcare, Hospitality, Offices, Retail, Education, Others}, Industrial {Power, Oil & Gas, Railways, Arc furnace, Manufacturing & Processing Industries, Others}, Utility) Industry Analysis Report, Country Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025’ available with Market Study Report LLC, North America MV switchgear market is presumed to register an annual deployment of 1 million units by the year 2025.
 

Rising consumer awareness regarding electric supply faults, along with widespread concern regarding electrical safety and faulty fires are compelling the authorities to undertake refurbishment projects to replace existing electrical networks across residential & industrial settings. This factor, in tandem with the need to integrate energy efficient transmission network are propelling the growth of MV switchgear market across North America.
 

Notably, MV switchgears are easy to install and ensure safe & secure operation at low cost. The device is extensively utilized in transmission & distributions network, thereby boosting its demand. Rising trend of cross-border electricity exchange, coupled with inflowing federal investments towards establishing energy-efficient grid network will further augment the market outlook. Advancements in distributed generation technologies, and several projects aimed at integrating networks of renewable energy will contribute towards the expansion of North America MV switchgear market.  
 

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Speaking of end-use scope, North America MV switchgear market from transformer substations and power stations segments is projected to register significant growth over the forecast period, owing to its varied applications and several voltage levels. Rising electricity demand, need for uninterrupted power supply, and focus on energy conservation will favor the segmental growth.
 

The key player operating in North America MV switchgear market are Chint Group, Hyosung, Eaton, CG Power & Industrial Solutions Ltd., Ormazabal, Schneider Electric, Mitsubishi Electric Corp., General Electric, Siemens, and ABB among others.


Frequently Asked Questions (FAQ) :

Rising consumer awareness regarding electric supply faults, along with widespread concern regarding electrical safety and faulty fires are compelling the authorities to undertake refurbishment projects to replace existing electrical networks across residential & industrial settings. This factor, in tandem with the need to integrate energy efficient transmission network are propelling the growth of MV switchgear market across North America.
Speaking of end-use scope, North America MV switchgear market from transformer substations and power stations segments is projected to register significant growth over the forecast period, owing to its varied applications and several voltage levels. Rising electricity demand, need for uninterrupted power supply, and focus on energy conservation will favor the segmental growth.
Notably, MV switchgears are easy to install and ensure safe & secure operation at low cost. The device is extensively utilized in transmission & distributions network, thereby boosting its demand. Rising trend of cross-border electricity exchange, coupled with inflowing federal investments towards establishing energy-efficient grid network will further augment the market outlook. Advancements in distributed generation technologies, and several projects aimed at integrating networks of renewable energy will contribute towards the expansion of North America MV switchgear market.
The key player operating in North America MV switchgear market are Chint Group, Hyosung, Eaton, CG Power & Industrial Solutions Ltd., Ormazabal, Schneider Electric, Mitsubishi Electric Corp., General Electric, Siemens, and ABB among others.