Planet Market Reports has added a report, titled, “Global Medium Voltage Switchgears Market 2017 Forecast to 2025.”
Medium Voltage Switchgears Consumption Market | Forecast 2018-2023
In this report, Planet Market Reports covers the present scenario with the base year being 2017 and the growth prospects of global Medium Voltage Switchgears market for 2018-2023.
Medium Voltage Switchgears are a complete set of switchgears and control equipments used for Medium Voltage 3.6?40.5kV . It acts as a power center and a main power distribution unit. Mainly used for power lines, the main electrical equipment control, monitoring, measurement and protection. Often set in the substation, power distribution room, etc.
ABB, Schneider Electric and Siemens captured the top three revenue share spots in the Medium Voltage Switchgears market in 2016.ABB dominated with 8.39 percent revenue share, followed by Schneider Electric with 7.18 percent revenue share and Siemens with 6.65percent revenue share.
Despite the presence of competition problems, due to the clear global recovery trend, investors are still optimistic about this area, in future still more new investment will enter into the field. Technology and cost are two major problems.
Against a backdrop of tough economic climate, corporate success will critically hinge upon the ability to research and develop new innovative products at competitive prices and validate new applications for existing products to distinguish themselves from that of competitors. Growth in switchgears will also be sustained by government directives to replace older redundant systems to achieve operational safety, and security in industrial establishments.
Over the next five years, Planet Market Reports projects that Medium Voltage Switchgears will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
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This report presents a comprehensive overview, market shares, and growth opportunities of Medium Voltage Switchgears market by product type, application, key manufacturers and key regions.
To calculate the market size, Planet Market Reports considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Air Insulated Switchgears
Gas Insulated Switchgears
Segmentation by application:
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Bharat Heavy Electricals
Crompton Greaves Ltd.
Hyundai Heavy Industries
Henan Senyuan Electric
Hyosung Power & Industrial Systems
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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Medium Voltage Switchgears consumption value & volume by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Medium Voltage Switchgears market by identifying its various subsegments.
Focuses on the key global Medium Voltage Switchgears manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Medium Voltage Switchgears with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks .
To project the consumption of Medium Voltage Switchgears submarkets, with respect to key regions along with their respective key countries .
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Name: Jennifer Daniel
Organization: Planet Market Reports