Medium Voltage Switchgear Service Market Analysis

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.

• 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?

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