Utility Gas Insulated Medium Voltage Switchgear Market
Utility Gas Insulated Medium Voltage Switchgear Market Forecasts to 2030 - Global Analysis By Voltage Range (Low Voltage (up to 1 kV), Medium Voltage (1 kV - 52 kV) and High Voltage (above 52 kV)), Insulation Type, Application, End User and By Geography
According to Stratistics MRC, the Global Utility Gas Insulated Medium Voltage Switchgear Market is accounted for $3.3 billion in 2023 and is expected to reach $6.5 billion by 2030 growing at a CAGR of 10.4% during the forecast period. Utility Gas Insulated Medium Voltage (MV) Switchgear is a compact, robust solution for reliable power distribution in medium voltage networks. Employing sulfur hexafluoride (SF6) gas as the insulating medium, it offers superior insulation properties, enabling compact designs and reducing environmental impact. With high reliability and maintenance-free operation, it ensures uninterrupted power supply even in harsh environments. Its modular design facilitates easy installation and expansion, providing flexibility for utility applications. Incorporating advanced monitoring and control systems, it enhances safety and operational efficiency. Utility Gas Insulated MV Switchgear is a trusted choice for utilities seeking dependable and efficient medium voltage distribution solutions.
Market Dynamics:
Driver:
Demand for reliable electricity distribution infrastructure
As utilities and industries prioritize uninterrupted power supply, gas-insulated switchgear (GIS) emerges as a preferred choice due to its compact design, enhanced reliability, and reduced maintenance requirements compared to air-insulated switchgear (AIS). The need for resilient electrical networks, particularly in urban and industrial settings, accelerates the adoption of GIS for medium voltage applications. This trend is further fueled by increasing urbanization, infrastructure development projects, and the integration of renewable energy sources, underscoring the critical role of GIS in ensuring reliable electricity distribution.
Restraint:
Complexity in installation and maintenance
The specialized expertise required for installation and ongoing maintenance increases operational costs and can deter potential buyers, especially in cost-sensitive markets. Complex installation procedures may result in project delays and higher implementation expenses, impacting the overall attractiveness of GIS solutions. Additionally, the need for skilled technicians for maintenance increases operational overheads and may limit adoption, particularly among smaller utilities and industries. Simplifying installation and maintenance procedures is crucial to overcoming these barriers and expanding the utility gas insulated medium voltage switchgear market.
Opportunity:
Increasing adoption of renewable energy sources
As renewable energy installations grow, there's a greater need for efficient grid integration and management, where utility gas insulated medium voltage switchgear offers advantages over traditional air-insulated switchgear (AIS). These systems facilitate the reliable and flexible distribution of power generated from renewable sources like solar and wind, ensuring grid stability and minimizing energy losses. Moreover, the compact design enables space-efficient installations, making it well-suited for accommodating renewable energy projects, thereby driving demand for utility GIS solutions in medium voltage applications.
Threat:
Growing regulations aimed at reducing greenhouse gas emissions
While utility gas-insulated medium voltage switchgear (GIS) technology itself offers environmental benefits by minimizing sulfur hexafluoride (SF6) emissions compared to air-insulated switchgear (AIS), stringent regulations may impose additional compliance requirements and higher costs on manufacturers. Increased regulatory scrutiny may also lead to greater scrutiny of SF6 usage, potentially raising concerns about its environmental impact and driving efforts to develop alternative insulation gases or switchgear technologies. These factors could increase production costs and limit market growth.
Covid-19 Impact
Lockdowns and restrictions slowed down manufacturing and construction activities, impacting demand. However, the market gradually rebounded as governments initiated stimulus packages, accelerating infrastructure projects to stimulate economic recovery. Moreover, the pandemic highlighted the importance of reliable and resilient electrical infrastructure, driving investments in modernization and automation, including insulated medium voltage switchgear. Additionally, the shift towards remote working and digitalization underscored the need for robust and intelligent switchgear solutions, further bolstering market growth despite initial setbacks.
The air-insulated switchgear (AIS) segment is expected to be the largest during the forecast period
The air-insulated switchgear (AIS) segment is estimated to have a lucrative growth, as they offers cost-effective solutions but occupies larger footprint and requires more maintenance compared to gas-insulated switchgear (GIS). However, growing concerns over space constraints, environmental regulations, and reliability are gradually shifting preferences towards GIS, stimulating market expansion. Air-insulated switchgear presents compact design, enhanced safety, and reduced maintenance, appealing particularly to urban and industrial applications progressively shaping market dynamics.
The transmission & distribution segment is expected to have the highest CAGR during the forecast period
The transmission & distribution segment is anticipated to witness the highest CAGR growth during the forecast period, as transmission & distribution networks expand to accommodate growing energy demand and integrate renewable sources, the need for reliable, compact, and efficient switchgear solutions intensifies. Insulated medium voltage switchgear, particularly gas-insulated variants, emerges as a preferred choice due to its space-saving design, superior reliability, and reduced maintenance requirements. This trend is expected to persist as utilities prioritize upgrading aging infrastructure and enhancing grid resilience.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to many countries in the Asia Pacific region which are investing in grid modernization projects to enhance the reliability and efficiency of their power networks. Additionally ongoing advancements in GIS technology, such as digitalization, IoT integration, and predictive maintenance capabilities, are enhancing the performance and reliability of medium voltage switchgear systems are boosting the market growth in this region.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to increasing concerns about the resilience of power infrastructure in the face of natural disasters, extreme weather events, and cyber threats are driving utilities to invest in GIS technology, which offers enhanced resistance to environmental hazards and improved system reliability. Moreover utilities in North America are focusing on enhancing energy efficiency and reducing greenhouse gas emissions. GIS technology offers lower energy losses compared to AIS, contributing to improved overall system efficiency.
Key players in the market
Some of the key players in the Utility Gas Insulated Medium Voltage Switchgear Market include Bulox Corporation, ABB, CG Power & Industrial Solutions Ltd, CAHORS, Lucy Group Ltd, HYOSUNG HEAVY INDUSTRIES, HD Hyundai Electric Co., Ltd, Eaton, Siemens, Ormazabal, NISSIN ELECTRIC Co., Ltd, Switchgear Company, Toshiba Infrastructure Systems & Solutions Corporation, Xiamen Huadian Switchgear Co., Ltd, Yueqing Liyond Electric Co., Ltd, and Schneider Electric
Key Developments:
In February 2024, Eaton introduces next-generation fuel tank isolation valve for hybrid electric vehicles, the gas engine in a hybrid vehicle does not operate continuously. As a result, hybrid fuel systems require special measures to address evaporative emissions that accumulate when the gas engine is not in operation.
In February 2024, ABB to acquire SEAM Group to expand electrification service offering, the acquisition will complement ABB’s Electrification Service offering, bringing significant additional expertise to customers in the areas of predictive, preventive, and corrective maintenance, electrical safety, renewables and asset management advisory services.
In January 2024, ABB and Norwegian Cruise Line Holdings expand long-term partnership, the agreement solidifies the strong partnership between the companies, paving the way to forward-looking collaboration in decarbonization and digitalization
Voltage Ranges Covered:
• Low Voltage (up to 1 kV)
• Medium Voltage (1 kV - 52 kV)
• High Voltage (above 52 kV)
Insulation Types Covered:
• Air-Insulated Switchgear (AIS)
• Gas-Insulated Switchgear (GIS)
• Hybrid Switchgear
Applications Covered:
• Transmission & Distribution
• Power Generation
• Infrastructure
• Other Applications
End Users Covered:
• Industrial
• Commercial
• Residential
• Other End Users
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
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Utility Gas Insulated Medium Voltage Switchgear Market, By Voltage Range
5.1 Introduction
5.2 Low Voltage (up to 1 kV)
5.3 Medium Voltage (1 kV - 52 kV)
5.4 High Voltage (above 52 kV)
6 Global Utility Gas Insulated Medium Voltage Switchgear Market, By Insulation Type
6.1 Introduction
6.2 Air-Insulated Switchgear (AIS)
6.3 Gas-Insulated Switchgear (GIS)
6.4 Hybrid Switchgear
7 Global Utility Gas Insulated Medium Voltage Switchgear Market, By Application
7.1 Introduction
7.2 Transmission & Distribution
7.3 Power Generation
7.4 Infrastructure
7.5 Other Applications
8 Global Utility Gas Insulated Medium Voltage Switchgear Market, By End User
8.1 Introduction
8.2 Industrial
8.3 Commercial
8.4 Residential
8.5 Other End Users
9 Global Utility Gas Insulated Medium Voltage Switchgear Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Bulox Corporation
11.2 ABB
11.3 CG Power & Industrial Solutions Ltd
11.4 CAHORS
11.5 Lucy Group Ltd.
11.6 HYOSUNG HEAVY INDUSTRIES
11.7 HD Hyundai Electric Co., Ltd.
11.8 Eaton
11.9 Siemens
11.10 Ormazabal
11.11 NISSIN ELECTRIC Co.,Ltd.
11.12 Lucy Group Ltd.
11.13 Switchgear Company
11.14 Toshiba Infrastructure Systems & Solutions Corporation
11.15 Xiamen Huadian Switchgear Co., Ltd.
11.16 Yueqing Liyond Electric Co., Ltd.
11.17 Schneider Electric
List of Tables
1 Global Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Region (2021-2030) ($MN)
2 Global Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Voltage Range (2021-2030) ($MN)
3 Global Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Low Voltage (up to 1 kV) (2021-2030) ($MN)
4 Global Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Medium Voltage (1 kV - 52 kV) (2021-2030) ($MN)
5 Global Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By High Voltage (above 52 kV) (2021-2030) ($MN)
6 Global Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Insulation Type (2021-2030) ($MN)
7 Global Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Air-Insulated Switchgear (AIS) (2021-2030) ($MN)
8 Global Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Gas-Insulated Switchgear (GIS) (2021-2030) ($MN)
9 Global Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Hybrid Switchgear (2021-2030) ($MN)
10 Global Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Application (2021-2030) ($MN)
11 Global Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Transmission & Distribution (2021-2030) ($MN)
12 Global Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Power Generation (2021-2030) ($MN)
13 Global Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Infrastructure (2021-2030) ($MN)
14 Global Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Other Applications (2021-2030) ($MN)
15 Global Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By End User (2021-2030) ($MN)
16 Global Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Industrial (2021-2030) ($MN)
17 Global Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Commercial (2021-2030) ($MN)
18 Global Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Residential (2021-2030) ($MN)
19 Global Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Other End Users (2021-2030) ($MN)
20 North America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Country (2021-2030) ($MN)
21 North America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Voltage Range (2021-2030) ($MN)
22 North America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Low Voltage (up to 1 kV) (2021-2030) ($MN)
23 North America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Medium Voltage (1 kV - 52 kV) (2021-2030) ($MN)
24 North America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By High Voltage (above 52 kV) (2021-2030) ($MN)
25 North America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Insulation Type (2021-2030) ($MN)
26 North America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Air-Insulated Switchgear (AIS) (2021-2030) ($MN)
27 North America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Gas-Insulated Switchgear (GIS) (2021-2030) ($MN)
28 North America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Hybrid Switchgear (2021-2030) ($MN)
29 North America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Application (2021-2030) ($MN)
30 North America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Transmission & Distribution (2021-2030) ($MN)
31 North America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Power Generation (2021-2030) ($MN)
32 North America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Infrastructure (2021-2030) ($MN)
33 North America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Other Applications (2021-2030) ($MN)
34 North America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By End User (2021-2030) ($MN)
35 North America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Industrial (2021-2030) ($MN)
36 North America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Commercial (2021-2030) ($MN)
37 North America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Residential (2021-2030) ($MN)
38 North America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Other End Users (2021-2030) ($MN)
39 Europe Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Country (2021-2030) ($MN)
40 Europe Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Voltage Range (2021-2030) ($MN)
41 Europe Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Low Voltage (up to 1 kV) (2021-2030) ($MN)
42 Europe Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Medium Voltage (1 kV - 52 kV) (2021-2030) ($MN)
43 Europe Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By High Voltage (above 52 kV) (2021-2030) ($MN)
44 Europe Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Insulation Type (2021-2030) ($MN)
45 Europe Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Air-Insulated Switchgear (AIS) (2021-2030) ($MN)
46 Europe Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Gas-Insulated Switchgear (GIS) (2021-2030) ($MN)
47 Europe Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Hybrid Switchgear (2021-2030) ($MN)
48 Europe Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Application (2021-2030) ($MN)
49 Europe Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Transmission & Distribution (2021-2030) ($MN)
50 Europe Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Power Generation (2021-2030) ($MN)
51 Europe Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Infrastructure (2021-2030) ($MN)
52 Europe Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Other Applications (2021-2030) ($MN)
53 Europe Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By End User (2021-2030) ($MN)
54 Europe Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Industrial (2021-2030) ($MN)
55 Europe Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Commercial (2021-2030) ($MN)
56 Europe Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Residential (2021-2030) ($MN)
57 Europe Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Other End Users (2021-2030) ($MN)
58 South America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Country (2021-2030) ($MN)
59 South America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Voltage Range (2021-2030) ($MN)
60 South America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Low Voltage (up to 1 kV) (2021-2030) ($MN)
61 South America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Medium Voltage (1 kV - 52 kV) (2021-2030) ($MN)
62 South America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By High Voltage (above 52 kV) (2021-2030) ($MN)
63 South America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Insulation Type (2021-2030) ($MN)
64 South America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Air-Insulated Switchgear (AIS) (2021-2030) ($MN)
65 South America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Gas-Insulated Switchgear (GIS) (2021-2030) ($MN)
66 South America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Hybrid Switchgear (2021-2030) ($MN)
67 South America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Application (2021-2030) ($MN)
68 South America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Transmission & Distribution (2021-2030) ($MN)
69 South America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Power Generation (2021-2030) ($MN)
70 South America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Infrastructure (2021-2030) ($MN)
71 South America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Other Applications (2021-2030) ($MN)
72 South America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By End User (2021-2030) ($MN)
73 South America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Industrial (2021-2030) ($MN)
74 South America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Commercial (2021-2030) ($MN)
75 South America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Residential (2021-2030) ($MN)
76 South America Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Other End Users (2021-2030) ($MN)
77 Middle East & Africa Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Country (2021-2030) ($MN)
78 Middle East & Africa Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Voltage Range (2021-2030) ($MN)
79 Middle East & Africa Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Low Voltage (up to 1 kV) (2021-2030) ($MN)
80 Middle East & Africa Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Medium Voltage (1 kV - 52 kV) (2021-2030) ($MN)
81 Middle East & Africa Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By High Voltage (above 52 kV) (2021-2030) ($MN)
82 Middle East & Africa Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Insulation Type (2021-2030) ($MN)
83 Middle East & Africa Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Air-Insulated Switchgear (AIS) (2021-2030) ($MN)
84 Middle East & Africa Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Gas-Insulated Switchgear (GIS) (2021-2030) ($MN)
85 Middle East & Africa Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Hybrid Switchgear (2021-2030) ($MN)
86 Middle East & Africa Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Application (2021-2030) ($MN)
87 Middle East & Africa Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Transmission & Distribution (2021-2030) ($MN)
88 Middle East & Africa Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Power Generation (2021-2030) ($MN)
89 Middle East & Africa Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Infrastructure (2021-2030) ($MN)
90 Middle East & Africa Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Other Applications (2021-2030) ($MN)
91 Middle East & Africa Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By End User (2021-2030) ($MN)
92 Middle East & Africa Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Industrial (2021-2030) ($MN)
93 Middle East & Africa Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Commercial (2021-2030) ($MN)
94 Middle East & Africa Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Residential (2021-2030) ($MN)
95 Middle East & Africa Utility Gas Insulated Medium Voltage Switchgear Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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