According to the market research the report “United States LV & MV Switchgear Market: By Voltage Rating (Less than 1kV, 1kV-5kV, 6kV-15kV, 16kv-27kV, >28kV); By Standards (ANSI Switchgear, IEC Switchgear, Others (JIS, NEMA and GOST)); By Application (Power plants, Oil & Gas and others) -Forecast (2016-2022)”, published by IndustryARC, estimates that United States will witness high growth during the forecast period.
In an electric power system, switchgear is the combination of electrical disconnects switches, fuses or circuit breakers which are used to control, protect and isolate electrical equipment. It is generally used to de-energize equipment and to clear faults downstream. Low voltage switchgear and medium voltage switchgear are such combinations which are used at low and medium rate voltages for protecting the electric circuit against power fluctuations. The usage of LV MV switchgear in wide range of applications is the key growth factor for the United States LV & MV Switchgear Market.
Scope & Regional Forecast of the United States LV & MV Switchgear Market
In the past few years the United States LV & MV Switchgear Market has witnessed the positive growth. The rapid development and expansion of industrial infrastructure witnessed in construction sector, is rising the demand for industrial switchgear. The government is rising the investments on renewal of existing transmission and distribution networks, which results in creating attractive opportunities for the United States LV & MV Switchgear Market.
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However, lack of adequate electrification has been inhibiting the growth of industrial sector. The easy availability of substitutes for switchgear is the key factor that restraints the United States LV & MV Switchgear Market growth. But, increasing demand for renewable energy is expected to boost the sales of LV and MV switchgear in the forthcoming years.
The United States is the largest market for low voltage and medium voltage switchgear. US is the leading market and also registering high growth due to higher usage of low voltage and medium voltage switchgear into its well established industrial network. In this region, the demand for low voltage and medium voltage switchgear has been increasing from smart grids, which is expected as the key growth driver for the market.
Segmentations & Key Players Involved in the United States LV & MV Switchgear Market
The United States LV & MV Switchgear Market can be broken down into various segmentations on the basis of –
Voltage Rating: Less than 1kV, 1kV-5kV, 6kV-15kV, 16kv-27kV and >28kV.
Standards: ANSI Switchgear, IEC Switchgear and Others (JIS, NEMA and GOST).
Application: Power plants, Oil & Gas and Petrochemical industry, Paper & Pulp, Utilities Sector and Others.
Some of the key players involved in the United States LV & MV Switchgear Market are as follows:
Powell Industries Inc.
Schneider Electric SE
Schneider Electric SE
OJSC Power Machines
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