Low Voltage (LV) and Medium Voltage (MV) Switchgear Market will expand at a healthy 6.8% CAGR over the Period 2016 – 2024

ResearchMoz added Latest Research Report titled ” Low Voltage (LV) and Medium Voltage (MV) Switchgear Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024 ” to it’s Large Report database.

This report provides strategic analysis of the Global LV and MV Switchgear Market, and the market growth forecast for the period 2016 to 2024. 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 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 for the period 2016 to 2024. Rapid electrification in rural and urban areas of countries from Asia Pacific and Africa has triggered the growth of LV and MV switchgear market.

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In developed market, renewal of old and faulty transmission and distribution network has estimated to boost up demand for LV and MV switchgear market during the forecast for the period 2016 to 2024. Power plants fed with renewable energy sources are connected to 11kV lines or 33kV lines. In such context, 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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Table of Content

Chapter 1 Preface
1.1 Report description
1.2 Research scope
1.3 Research methodology

Chapter 2 Executive Summary

Chapter 3 Market Overview
3.1 Introduction
3.2 Value chain analysis
3.2.1 Raw material (copper, silver, steel and other metallic components)
3.2.2 Standard components providers
3.2.3 Special component suppliers
3.2.4 Manufacturers and suppliers
3.2.5 System integrators and distributors
3.2.6 End Users
3.3 Market Dynamics
3.3.1 Market Drivers
3.3.1.1 Growth of Industrial and Construction Sector in Emerging Markets
3.3.1.2 Increase in Electrification and Advent of Smart Grid Technology in Emerging Countries
3.3.1.3 Renewal of Age Old Transmission and Distribution Networks

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