Global Lv and Mv Switchgear Market Size, Share, Trends and Forecast 2016

Global LV and MV Switchgear Market Share, Size, Emerging Trends, Analysis, Outlook, Overview and Forecasts 2016-2020

Technavios research analyst predicts the global LV and MV switchgear market to grow steadily at a CAGR of around 10% during the forecast period. Expansion and renovation of T&D projects globally are the primary growth drivers for this market. The growing demand for electricity has resulted in a manifold increase in the number of new T&D setups.

Currently, the market is witnessing a shift from conventional to innovative modular switchgear devices. The conventional air-insulated switchgear (AIS) consists of components such as circuit breakers, disconnectors, and current transformers that are difficult to install as they require individual installation spaces. On the other hand, modular switchgear integrates all the functions into the breaking chamber of the circuit breaker. Further product innovation and ease of installation are likely to provide a significant impetus to this market over the next four years.

Browse Detail Report With TOC @ http://www.radiantinsights.com/research/global-lv-and-mv-switchgear-market-2016-2020

Product segmentation and analysis of the LV and MV switchgear market

LV switchgear

MV switchgear

The LV switchgear segment dominated the market in 2015. Aging infrastructure, capacity expansion, and demand for energy-efficient switchgear are the main factors fueling the demand for LV switchgear among consumers. LV switchgear has a load-bearing capacity of less than 1.1 kV, and it is used in infrastructure, power and energy, T&D, and other industrial, commercial, and residential sectors. In addition, the affordable pricing of LV switchgear makes it a preferred choice among end-users.

Table of Content

PART 01: Executive summary

Highlights

Browse Upcoming Reports @ http://www.radiantinsights.com/upcoming-reports

PART 02: Scope of the report

Market overview

Top-vendor offerings

PART 03: Market research...