QYR Market Research Global Medium Voltage Switchgears market research | Page 5

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• In terms of the applications segment, the Commercial segment
was the largest contributor in the Medium Voltage
Switchgears market. In 2016 the Commercial segment
amounted for 33.29% revenue share. There is growth in
demand for efficient and smart power generation which is
required to address the futuristic demand for electricity.
• Despite the presence of competition problems, due to the
clear global recovery trend, investors are still optimistic about
this area, in future still more new investment will enter into
the field. Technology and cost are two major problems.
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