Low Voltage (LV) and Medium Voltage (MV) Switchgear Market is estimated to be US$ 77.99 billion by 2030 with a CAGR of 5.2% during the forecast period prophecymarketinsights.com

Low Voltage (LV) and Medium Voltage (MV) Switchgear is device that serves to control the flow of electricity from one or mor sources to one or more loads. They protect electrical equipment on both sides but also ensure proper voltage levels at all times. The demand for low voltage (LV) and medium voltage (MV) deployment is increased to rising concerns of CO2 emissions of outdated transmission and distribution networks. Further, improvements in SF6 switchgear attributes are also likely expect to drive the low voltage (LV) and Medium Voltage (MV) switchgear market. Increasing lifespan of equipment, environment compatibility, low level of noise, lengthy maintenance intervals is expected to foster the growth of Low voltage (LV) and Medium Voltage (MV) Switchgear market.