Medium Voltage Switchgear Market Analysis In China And India In The Coming Years
China and India are shaping the future of the Asia-Pacific (APAC) medium voltage (MV) switchgear market, accounting for nearly 80% of regional demand. This growth is driven by rapid industrialization, urbanization, and ambitious renewable energy targets. Both nations are leveraging MV switchgear, a critical component for electricity distribution in power plants, industrial facilities, and renewable energy projects, to meet their expanding energy needs. China leads the charge, with its MV switchgear market projected to double by 2030. The country is aggressively pursuing renewable energy goals, targeting 3,000 GW of solar and wind capacity by 2030, likely achieving its targets ahead of schedule. China is also witnessing a shift from air-insulated (AIS) to gas-insulated switchgear (GIS), favored for its compactness and suitability for urban and renewable projects.

India is emerging as a key player with its MV switchgear market set to grow 1.5 times by 2030. The country’s focus on achieving 500 GW of renewable energy capacity, including 30 GW of offshore wind, is driving demand. India’s electricity requirements are rising, fueled by urbanization, industrial expansion, and EV adoption. Positioned as a manufacturing hub, India is attracting significant investments in switchgear production. Together, China and India are driving the APAC region’s MV switchgear growth, with promising prospects for innovation and sustainability in the sector.

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