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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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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...

19 Mar 2021  |  Asia Pacific  |  Market Research

Digitalization and Decarbonization Powering Southeast Asia’s Medium Voltage Switchgear Industry

Future Growth Potential from Digital and Environmentally Friendly Value Propositions Driving Growth Opportunities

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Southeast Asia’s medium voltage switchgear market includes Singapore, Malaysia, Vietnam, the Philippines, Thailand, and Indonesia and covers voltages ranging from 1 kilovolt (kV) to 38 kV. Its growth is expected to continue at a steady 5.1% compound annual growth rate from 2020 to 2026, driven by rising power demand and grid connectivity across t...

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...

The energy industry, which has traditionally been highly stable, is currently undergoing a drastic transformation. A number of disrupting elements, including the digitisation of electricity networks and products, deregulation, increased competition from new entrants, decreasing demand, a shift to cleaner energy sources, changes in consumption patte...