The Asia Pacific region accounted for 40 percent of the medium voltage (MV) switchgear market worldwide in 2021, followed by European, Middle Eastern, and African countries at 32 percent. China and India accounted for the largest market share among Asian countries, while the European market was dominated by Germany.
The compound annual growth rate of the MV switchgear market in the APAC region is forecast to reach four percent by 2027.
Distribution of the medium voltage switchgear market worldwide in 2021, by region
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
PTR. (March 15, 2023). Distribution of the medium voltage switchgear market worldwide in 2021, by region [Graph]. In Statista. Retrieved January 08, 2025, from https://www.statista.com/statistics/1360886/medium-voltage-switchgear-market-share-by-global-region/
PTR. "Distribution of the medium voltage switchgear market worldwide in 2021, by region." Chart. March 15, 2023. Statista. Accessed January 08, 2025. https://www.statista.com/statistics/1360886/medium-voltage-switchgear-market-share-by-global-region/
PTR. (2023). Distribution of the medium voltage switchgear market worldwide in 2021, by region. Statista. Statista Inc.. Accessed: January 08, 2025. https://www.statista.com/statistics/1360886/medium-voltage-switchgear-market-share-by-global-region/
PTR. "Distribution of The Medium Voltage Switchgear Market Worldwide in 2021, by Region." Statista, Statista Inc., 15 Mar 2023, https://www.statista.com/statistics/1360886/medium-voltage-switchgear-market-share-by-global-region/
PTR, Distribution of the medium voltage switchgear market worldwide in 2021, by region Statista, https://www.statista.com/statistics/1360886/medium-voltage-switchgear-market-share-by-global-region/ (last visited January 08, 2025)
Distribution of the medium voltage switchgear market worldwide in 2021, by region [Graph], PTR, March 15, 2023. [Online]. Available: https://www.statista.com/statistics/1360886/medium-voltage-switchgear-market-share-by-global-region/
