Trends of North America MV Switchgear Market Reviewed for 2020 with Industry Outlook to 2025

Rahul Sankrityayan Date: 2020-10-09 Energy and power

Medium voltage (MV) switchgears are expected to record significant deployment in the coming years across North America. Increasing awareness regarding the deployment of energy-efficient solutions has led to the use of sustainable transmission network systems, intensifying the adoption of these units. The switchgear industry is witnessing widespread popularity due to the increasing concerns related to health, fire, electrical supply faults, and various other operational hazards.

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Pages: 320
Tables: 504
Charts / Figures: 38
Companies covered: 13
Countries covered: 3

Proliferating developments in the energy sector and consistent efforts to upgrade the aging infrastructure will generate considerable need for the use of reliable, efficient and safe electric grid networks. Moreover, innovations and improvements in the products coupled with initiatives by industry players such as strategic partnerships and mergers will supplement North America MV switchgear industry outlook.

Extensive use of switchgear across industries and the need to manage different voltage levels across power stations and transformer substations is a vital factor bolstering the market dynamics. Authorities are increasingly aiming to ensure zero wastage of energy and optimum utilization with continuous flow and safe supply of electricity to the residential and industrial sectors. Power stations are focusing on the use of smart and technologically advanced mechanisms to upgrade the energy supply solutions.

By 2025, North America MV switchgear market is projected to showcase total annual deployment of more than 2 million units. Surging demand for refurbishment of prevailing electrical networks due to high cost of operations and maintenance along with stimulated reforms across the region has established a positive business scenario across the switchgear market.

Investments made towards the establishment of renewable networks and evolving distributed energy grids will induce growth in the industry. Strict policies and regulations ensuring energy efficiency have driven the manufactures and installers to deploy efficient and effective network control systems across their distribution networks.

Low current switchgears of up to 2,500 A are registering notable traction due to the rapid developments in the commercial and residential infrastructure. The presence of high disposable income among the people and innovations in the healthcare and IT sectors has led to the establishment of larger offices and other commercial spaces across the U.S.

The region is also witnessing demands for smart homes that facilitate reliable, safe and continuous supply of electricity, which is supporting the adoption in homes. As compared to high current switchgear, low current units entail lower cost of replacement and reduce the chances of short circuits, fire or any type of health hazard.

North America MW switchgear market share is fairly consolidated with key industry players such as Siemens, ABB, Crompton Greaves, ABB and Schneider, among various others accounting for a significant portion of the global installations. Rising investments in renewable energy will require increased integration which, combined with distributed technologies, will bolster the demand for MV switchgears in the U.S. and Canada.

Partial Table of Contents (ToC) of the report:

Chapter 5 North America MV Switchgear Market, By Component

5.1 North America MV switchgear market share by component, 2018 & 2025

5.2 Circuit Breaker

5.2.1 North America market from circuit breaker, 2014 - 2025

5.2.2 North America market from circuit breaker, by country, 2014 - 2025

5.3 Contractors

5.3.1 North America market from contractors, 2014 - 2025

5.3.2 North America market from contractors, by country, 2014 - 2025

5.4 Switches & Disconnectors

5.4.1 North America market from switches & disconnectors, 2014 - 2025

5.4.2 North America market from switches & disconnectors, by country, 2014 - 2025