
This report provides strategic analysis of the global LV and MV switchgear market. The scope of the report includes competitive analysis of various market segments based on the product standards, components, voltage ranges, insulation, applications and in-depth cross sectional scrutiny of the LV and MV switchgear market across different geographic segments. Growing demand for safety and protection regarding electric transmission and distribution in power, industrial infrastructure, real estate, utilities and construction sectors has fuelled the growth of LV and MV switchgear market. Increasing adaptation of smart grid technology in power sector of both developed and developing countries will fuel the growth of LV and MV switchgear market during the forecast period 2014 to 2020. Rapid electrification in rural and urban areas of Asia Pacific and African countries has triggered the growth of LV and MV switchgear market. In developed market, renewal of old and faulty transmission and distribution network has estimated to boost the demand for LV and MV switchgear market during the forecast period. Increasing demand for integration of renewable energy sources in power sectors has positively impacted the demand for MV switchgears that are being used for safety and protection of electric transmission and distribution network. Installation of new electrical substations in power, utilities and oil and gas sectors is driving the demand for LV and MV switchgear in Middle East. However, bottom line growth of switchgear manufacturers has been negatively affected due to increase in extent of price-based competition in LV and MV switchgear manufacturer.