Medium Voltage Switchgear Service Market Analysis

INTRODUCTION

Distribution networks, interacting with the end-consumers of electricity are usually the most complex and least understood part of the grid. Especially with an active increase in Distributed Generation (DERs) and Electric Vehicle (EV) penetration, grid dynamics at the distribution level are more complex than ever. The MV Switchgear market has further complex demand dynamics considering the varying distribution grid structure around the world and factors such as primary vs secondary switchgear use and equipment preferences (Indoor vs Outdoor). PTR’s MV Switchgear Service sizes the market of MV Switchgear by analyzing target regions and countries for new additions, expansions, and replacement in utilities, generation plants, and the industry.

The global MV Indoor Switchgear market is expected to grow with a CAGR of 2.3% over the next five years. Over this same period, the global MV AIS market is expected to grow at a CAGR of 2.2% while the global MV GIS market is expected to grow slightly faster at a CAGR of 2.6%. APAC is the region with the largest demand for switchgear, primarily driven by China’s and India’s huge annual demand when it comes to medium voltage switchgear; the Nordic market is one to keep an eye on due to its steady CAGR of 5% despite a drop in the number of new installations of MV Indoor Switchgear in 2020 due to Covid-19.

Global switchgear demand is dominated by the power generation (power grid) sector due to the usage of HV and MV switchgear throughout the electricity generation, distribution, and transmission networks. Over the last decade, renewable energy has become the biggest driver of switchgear demand in this sector. This trend is expected to continue during the coming years as many countries will continue increasing renewable penetration in their generation mix. Installation of Electric Vehicle Charging Infrastructure (EVCI), for example, is becoming an instigator of switchgear demand for this sector in particular as well.

EMEA is the fastest growing market for MV GIS, with a CAGR (2020-2025) of 3.8% driven mainly by new additions whereas the Americas is the slowest at 1.6%. Over the next 5 years, the EMEA MV AIS market is expected to grow at twice the CAGR (3%) compared to the MV AIS market in the Asia Pacific (APAC) region. Moreover, Saudi Arabia plans to expand renewable generation from 1.2 GW in 2020 to 71 GW by 2030 and will be a major driver for switchgear demand during the years 2021-2025.

Penetration of distributed generation and grid edge technologies such as EV charging is making large Original Equipment Manufacturers (OEMs) focus more on the MV Switchgear business (through restructuring, acquisition, or divestment). Meanwhile, the usage of AIS is decreasing in the EU while hybrid and “green” technologies are gaining popularity with tier-1 players. European OEMs are now inclined towards more environmentally friendly technologies as well as the digitalization of switchgear, especially for utilities, due to factors like distributed generation and electric vehicles. In this regard, Sulphur Hexafluoride (SF6)-free switchgear is an emerging technological trend worldwide due to the compound’s high global warming potential (25,200 times that of CO2). Many countries around the world are moving towards other products including alternative F-gas mixtures and natural origin gases (pressurized air).

PTR’s MV Switchgear Service delves into the intricacies and complexities of the MV Switchgear market to bring you the facts, trends, and figures that matter and add value to your information when making critical high value decisions. This service delves into a variety of MV Switchgear types and further segments them by voltage to present Consolidated Outputs, Consolidated Market Shares of OEMs, Regional MV Switchgear Market Reports, and keep you up-to-date with key happenings in the market through PTR’s Power Grids News App.

Key Questions Addressed in the Service

How insulation technologies have evolved over time?
What is the market share of top MV switchgear suppliers by year?
Which insulation/arc quenching technology is going to dominate in MV switchgear market in the coming years?
Which countries have the largest installed base of GIS/AIS?
Supplier specific technology and customer focus?
Which countries have the greatest number of generation projects in pipeline?
Any upcoming regulations?

Scope of Research – Medium Voltage Switchgear

We provide the most comprehensive MV switchgear market sizing information compared to any other market research company in the world. Our market sizing is segmented into 13 application verticals covering all segments of the market where switchgear is used. Within every vertical, the market size is further segmented into primary and secondary switchgear categories, which are then segmented into 5 products: AIS Primary MV Switchgear Systems, GIS Primary MV Switchgear Systems, AIS Secondary MV Switchgear Systems, GIS Secondary MV Switchgear Systems (incl. RMUs) and Outdoor Circuit Breakers-OCBs. For each of these product categories, market sizing is provided by IEC Standard based voltage segmentation covering installed base, new additions and replacements:

We carry out our MV switchgear research on a country specific level to analyze the market in a depth it deserves. As we know based on our experience that MV Switchgear markets can vary significantly from one country to the other in terms of product use and end-user purchasing trends based on the usual capex and project specific investments. At the moment, we have an exisitng MV switchgear market sizing database of around 30 most important MV switchgear markets around the world. However, using our market models and established primary and secondary research methodology, we believe we are in strong position to size any country in addition to these 30 markets should you so require:

In addition to the in-depth market sizing, we also provide our clients product specific market shares (for each of the above 5 products) on a country specific and regional level. Competitive analysis also includes manufacturer profiles of key suppliers by region including their go-to-market strategy, their manufacturing locations and assembled product portfolio for bench-marking and comparison. Competitive analysis is complemented by our unique market accessibility analysis for you to understand the “lay of the land” in terms of typical sales channels and procurement preferences of the end-users, especially helpful in case you are planning to expand into new markets:

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Scope of Market Sizing

We provide the most comprehensive MV switchgear market sizing information compared to any other market research company in the world. Our market sizing is segmented into 13 application verticals covering all segments of the market where switchgear is used. Within every vertical, the market size is further segmented into primary and secondary switchgear categories, which are then segmented into 5 products: AIS Primary MV Switchgear Systems, GIS Primary MV Switchgear Systems, AIS Secondary MV Switchgear Systems, GIS Secondary MV Switchgear Systems (incl. RMUs) and Outdoor Circuit Breakers-OCBs. For each of these product categories, market sizing is provided by IEC Standard based voltage segmentation covering installed base, new additions and replacements:

Countries Covered

We carry out our MV switchgear research on a country specific level to analyze the market in a depth it deserves. As we know based on our experience that MV Switchgear markets can vary significantly from one country to the other in terms of product use and end-user purchasing trends based on the usual capex and project specific investments. At the moment, we have an exisitng MV switchgear market sizing database of around 30 most important MV switchgear markets around the world. However, using our market models and established primary and secondary research methodology, we believe we are in strong position to size any country in addition to these 30 markets should you so require:

Competitive and Qualitative Analysis

In addition to the in-depth market sizing, we also provide our clients product specific market shares (for each of the above 5 products) on a country specific and regional level. Competitive analysis also includes manufacturer profiles of key suppliers by region including their go-to-market strategy, their manufacturing locations and assembled product portfolio for bench-marking and comparison. Competitive analysis is complemented by our unique market accessibility analysis for you to understand the “lay of the land” in terms of typical sales channels and procurement preferences of the end-users, especially helpful in case you are planning to expand into new markets:

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Delivery Format

Report and Analysis in Power BI

We take a lot of pride in what we do for our clients as we aim to surpass ambiguous methodology and uninspired presentation, which has led most market research to remain relegated to ‘me-too’ slides, often remaining a footnote in presentations. With this service, we aim to transform the way you digest the market information. We are using interactive PowerBI platform as the delivery vehicle for this service. The access is granted through login credentials accessible via Computer, Tablet or Phone:

Excel Data Output For Integration

In addition to the powerful analytics via PowerBI, our clients also get all the data in an excel flat database, so you can integrate the results in your internal visualization software, or use it for presentations to create the visualizations most important to you in your organization:

MV Switchgear Market sizing excel flatdatabase

Why Choose Power Technology Research?

Too often is third-party market research disregarded by decision makers due to ambiguous methodology and uninspired presentation. This had led most market research to remain relegated to ‘me-too’ slides, often remaining a footnote in presentations. Our goal is to change that, and bring back pro-active decision making within the global power and e-mobility sectors by providing market research based on a transparent and flexible methodology.

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