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Europe has a 10% share in the global MV switchgear market with Germany as the market leader. According to Power Technology Research, increased penetration of renewables in the grid, especially in Western Europe, will drive the European MV switchgear market. The...
Majority of the switchgear demand in the North American region is generated by the United States accounting for 75% followed by Canada (15%) and Mexico (10%). As per the assessments carried out by the U.S. Department of Energy, power failures could cost as high as USD...
SF6 gas, which has a global warming potential roughly 25,200 times that of CO2, is still the most widely used insulating gas for switchgear applications. Siemens Energy and Mitsubishi Electric signed an MoU to carry out a feasibility study aimed at the development of...
This infographic provides an overview of the global HV SF6-free switchgear market with a special focus on General Electric who is one of the major players within this realm. Additionally, all the latest HV switchgear projects won by General Electric worldwide have...
As of 2020, the HV switchgear market of GCC countries accounts for 5% of the global HV switchgear market in terms of revenue. In GCC’s HV switchgear market, Saudi Arabia holds the largest market share which accounted for 40% of the region’s total revenue in 2020....
GCC’s MV switchgear market accounts for 6% of the global MV switchgear market in terms of revenue. Peak demand of switchgear in the GCC region is anticipated to be in 2023 when the procurement for the Neom City and Red Sea projects starts in 2023. There will be just...
This infographic includes information on the 2020 annual market (in terms of revenue) of medium voltage switchgear in the GCC region along with an analysis of the supply side of this market. It also illustrates how the revenue is split between different key...
Grid codes are getting stricter requiring consumers to maintain a higher power factor. In general, active power factor correction solutions market will grow faster than passive solutions in the next decade. The price of both active and passive solutions will...
The last few years have shown many developments for India’s electricity sector, including the introduction of new policies which have essentially transformed the sector altogether. On the generation side, renewable energy is now among the fastest growing and is...
According to a recent study published by the American Association for Advancement of Science, data centers consumed close to 205 TWh of electricity in 2018 or 1% of total global electricity consumption. On the other hand, the amount of computing carried out in data...