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(IT-NEWSWIRE.COM, November 06, 2017 ) According to Publisher, the Global Medium Voltage Switchgear Market accounted for $20.69 billion in 2016 and is expected to reach $38.92 billion by 2023 growing at a CAGR of 9.4% during the forecast period. One of the major factors expected to fuel the demand for medium voltage switchgear market is growing demand for electrification coupled with implementation of smart grid technology in developing countries in the near-term years. However, absence of appropriate electrification in industries has been hampering the use of switchgears and other advanced equipment, which need electricity.
For more information @ http://www.reportsweb.com/medium-voltage-switchgear-global-market-outlook-2017-2023
Medium voltage switchgear requires advanced and efficient current transmission and distribution networks for superior performance. It ranges from 3kV to 40Kv. By region, Asia Pacific commanded the global medium voltage switchgear market in 2016 in terms of both revenue and volume, and is expected to sustain its dominance in the future too. Launch of smart grid initiatives by various governments in this region, together with the massive investment for enhancing power transmission and distribution systems, is the principal factor behind this region's supremacy in the global medium voltage switchgear market. Moreover, emerging nations such as China, India, Indonesia, Malaysia, Taiwan, Japan, and South Korea are expected to have increased demand for Medium Voltage Switchgear.
Some of the key players in the market include Schneider Electric SE, ABB, Siemens AG, General Electric, Mitsubishi Electric and B. Braun Melsungen.
Voltage ratings Covered:
-28kV-40kV
-17kV-27kV
-6kV-15kV
-3kV-5kV
End users Covered:
-Utility Sector
-Power Plant
-Paper and Pulp Industry
-Oil, Gas and Petrochemical
-Commercial Sector
-Other End users
Request Sample Copy http://www.reportsweb.com/inquiry&RW00011197146/sample
Insulating medium Covered:
-Air insulated switchgear
-Gas insulated switchgear
-Other medium
Regions Covered:
-North America
o US
o Canada
o Mexico
-Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
-Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
-South America
o Argentina
o Brazil
o Chile
o Rest of South America
-Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
Make an enquiry: http://www.reportsweb.com/inquiry&RW00011197146/buying
ReportsWeb.com
Rajat Sahni
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
Source: EmailWire.com
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