The global MV switchgear market is €29 billion and growing at more than 8.5% annually.
Transparency Market Research Study, Low Voltage (LV) and Medium Voltage (MV) Switchgear Market: Global Forecast, June 2017. Available here.
The US Department of Energy found that 75% of breakdowns are eliminated by energy companies that have implemented predictive maintenance.
U.S. Department of Energy, Federal Energy Management Program, Operations & Maintenance Best Practices: A Guide to Achieving Operational Efficiency, Release 3.0, August 2010. Available here.