Medium-voltage Switchgear Market: Repository of Analysis and Information for Every Facet of the Market 2018 - 2026

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According to a new market research report on the medium-voltage switchgear market, published by Transparency Market Research, the global medium-voltage switchgear market is expected to reach value of US$ 8,395.0 Mn by 2026, expanding at a CAGR of 6.2% from 2018 to 2026. Asia Pacific is likely to continue to lead the global market, with the market in the region expanding at a CAGR of 6.8% between 2018 and 2026.
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Grid modernization to reform electricity transmission and distribution networks is driving the global medium-voltage switchgear market
From traditional electricity grids to smart grids, from power grids based on fossil fuels (such as coal and petroleum) to grids integrating renewable energy sources (such as solar and wind power), grid systems play a key role in the electricity sector. Resources such as coal and petroleum are not unlimited or renewable. 
The faster they are used, the quicker they would be depleted. Energy-saving methods can be attained through advancements in technology and development of new forms of power grids, while improving the production of renewable energy and reducing the emissions of greenhouse gases. Thus, increasing government initiatives for renewal of existing transmission and distribution networks along with grid modernization are expected to propel the demand for medium-voltage switchgear during the forecast period.
Medium-voltage Switchgear Market: Scope of Report
The global medium-voltage switchgear market has been broadly segmented in terms of voltage, insulation, end-use industry, and geography. In terms of voltage, the market has been classified into 3kV – 5kV, 6kV – 15kV, 17kV – 27kV, and 28kV – 40kV. Among these, the 6kV – 15kV segment accounted for a major market share around 30% in 2017. The segment is expected to expand at a significant CAGR of 6.4% during the forecast period. Based on insulation, the medium-voltage switchgear market has been divided into air-insulated switchgears, gas-insulated switchgears, and others

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