Global Medium Voltage Switchgear Market Accelerates with Smart Grid Development
2025-08-22 10:31:38
Beijing, August 2025 – The global medium voltage switchgear market is experiencing rapid growth as countries invest heavily in smart grid infrastructure and renewable energy integration. Analysts project the market to exceed USD 45 billion by 2030, driven by urbanization, industrial expansion, and rising energy demand.
One of the major trends is the adoption of digital switchgear, which integrates IoT, real-time monitoring, and predictive maintenance. Utilities worldwide are replacing aging infrastructure with intelligent systems to reduce power outages and improve efficiency.
In China, state grid projects are accelerating the use of SF6-free switchgear, in response to global calls for sustainable and environmentally friendly technologies. European markets are also setting stricter regulations, pushing manufacturers toward green insulation materials.
Industry experts believe that the shift toward smart, eco-friendly medium voltage equipment will reshape power distribution over the next decade, creating opportunities for electrical manufacturers and solution providers in Asia-Pacific.