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After a challenging year in 2020, the year 2021 redefined the global energy industry in many ways. The world witnessed rising concern about climate change and demand for sustainable solutions and processes. Following the latest COP summit, more than 100 countries have pledged commitment to net-zero emissions by 2050. In North America, Canada announ...

The Latin American power and energy market is going through a considerable transformation. Renewable energies (RE) are rapidly replacing hydropower and fossil fuels’ dominance in power generation expansion as energy regulations continue to evolve to support decarbonization and decentralization roadmaps, while securing energy access for a projected ...

With more customers preferring to stay home following the COVID-19 pandemic, they want to make their living spaces multifunctional and efficient. Homes will serve multiple purposes: work, entertainment, relaxation, shared living, and health and wellness. Home ecosystems and service-based models that assist people with everyday tasks will cause a so...

Effort toward restricting the world’s temperature increase to 1.5°C has been on the global agenda ever since the Paris Agreement in 2015. However, the United Nations’ recent COP26 conference highlighted the fact that although we have taken enormous initiatives, the work still falls short of achieving the target. Both corporations and governments...

After a challenging 2020, 2021 was a defining year for the energy industry in many ways. The world witnessed rising concerns about climate change and the need for sustainable solutions and processes. Following the latest COP summit, more than 100 countries pledged their commitment to net-zero emissions by 2050. In Asia-Pacific, Japan, Australia, an...

As the solar energy industry progresses on its path to becoming elemental to global energy supply, newer generation solar cells must overcome the limitations of silicon solar cells used today. These issues include material wastage during manufacturing, inability to provide flexible cell formats, and limitations to theoretical efficiency at a maximu...

The residential solar PV segment is witnessing a period of fast growth, driven by a combination of an increasingly favorable regulatory climate, higher electricity prices, and concerns over climate change. The restraints that have held the market back, primarily delays in approvals, have grown weaker, as governments gradually tackle these issues. T...

31 Jan 2022  |  Global  |  Market Research

Global Medium Voltage Switchgear Growth Opportunities

Future Growth Potential Enhanced by Environmentally Friendly Products, Digital Products, and New Business Models

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Key Issues Addressed

This research service is a comprehensive study of the medium voltage (MV) switchgear equipment (rated between 1.1kV and 40.5kV) market growth during the forecast period, from 2022 to 2030. The report presents market revenue forecast based on region (North America, Europe, Asia-Pacific, the Middle East, Latin America, and Africa), followed by a mark...

The global penetration rate for smart metering is forecast to increase from just over 40% at the start of 2022 to 65% by 2030. This growth will lead to an increased demand for meter data management (MDM) software. First-generation meters largely focus on basic functions such as billing and time-of-use pricing. With the growth of decentralized energ...