LV and MV Switchgear Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020
Albany, NY -- (SBWIRE) -- 01/02/2015 -- This report provides strategic analysis of the global LV and MV switchgear market. The scope of the report includes competitive analysis of various market segments based on the product standards, components, voltage ranges, insulation, applications and in-depth cross sectional scrutiny of the LV and MV switchgear market across different geographic segments. Growing demand for safety and protection regarding electric transmission and distribution in power, industrial infrastructure, real estate, utilities and construction sectors has fuelled the growth of LV and MV switchgear market. Increasing adaptation of smart grid technology in power sector of both developed and developing countries will fuel the growth of LV and MV switchgear market during the forecast period 2014 to 2020. Rapid electrification in rural and urban areas of Asia Pacific and African countries has triggered the growth of LV and MV switchgear market. In developed market, renewal of old and faulty transmission and distribution network has estimated to boost the demand for LV and MV switchgear market during the forecast period. Increasing demand for integration of renewable energy sources in power sectors has positively impacted the demand for MV switchgears that are being used for safety and protection of electric transmission and distribution network. Installation of new electrical substations in power, utilities and oil and gas sectors is driving the demand for LV and MV switchgear in Middle East. However, bottom line growth of switchgear manufacturers has been negatively affected due to increase in extent of price-based competition in LV and MV switchgear manufacturer.
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To aid in strategic decision making, the report also includes competitive profiling of leading players in the industry and their market share in different geographic regions (North America, Europe, Asia Pacific and Rest of the World). Moreover, various business strategies adopted by leading players has also been discussed in the report. The market attractiveness analysis and Porter's Five Forces analysis included in the report provide insight into market dynamics and industry competition.
The report also provides breakdown and review of various factors impacting the market growth, which are appropriately described as market drivers, restraints, and opportunities. These factors determine various existing trends and their impact on market growth. Overall, the report includes a holistic analysis of the global LV and MV switchgear market, and provides an estimate of growth for the period 2014 to 2020, keeping in mind the various factors affecting the market.
The report segments the global LV and MV switchgear market as:
LV and MV switchgear market, by product standards:
- LV and MV switchgears follow IEC (International Electrotechnical Commission) standards
- LV and MV switchgears follow ANSI (American National Standards Institute) standards
- LV and MV switchgears that follow other (JIS, NEMA and GOST) standards
LV and MV switchgear market, by Application:
- Power plants
- Oil & Gas Industry
- Petrochemical industry
- Pulp and paper industry
- Utilities sector
LV and MV switchgear market, by Voltages:
- Less than 1kV
- 1kV - 5kV
- 6kV - 15kV
- 16kV - 27kV
- 28kV - 38kV
LV and MV switchgear market, by Components:
- Circuit Breaker
- Others (Enclosure, Fuses, Bus Bars and Switches)
LV and MV switchgear market, by Insulation:
- Others (oil and solid)
LV and MV switchgear market, by geography: The market is segmented on the basis of geography into North America, Europe, Asia Pacific and Rest of the World (RoW).
- North America
- Asia Pacific
- Rest of the World (Latin America, Middle East and Africa)
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