Report overview
In general, switchgears are the switching devices that form the backbone of modern electrical distribution systems. According to IEC 60947, switchgears with rated voltages up to 1000 V ac and 1500 V dc are termed as low voltage (LV) switchgear, and medium voltage (MV) switchgear is ranged from 1000V ac rating up to 36 KV and 40.5 KV in term of IEC 62273.
This report aims to provide a comprehensive presentation of the global market for LV & MV Switchgear, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding LV & MV Switchgear. This report contains market size and forecasts of LV & MV Switchgear in global, including the following market information:
Global LV & MV Switchgear Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global LV & MV Switchgear Market Sales, 2018-2023, 2024-2032, (Units)
Global top five LV & MV Switchgear companies in 2022 (%)
The global LV & MV Switchgear market was valued at US$ 59380 million in 2022 and is projected to reach US$ 72870 million by 2029, at a CAGR of 3.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The main global LV and MV Switchgear manufacturers include ABB, Schneider Electric, EATON, Mitsubishi Electric, SIEMENS, etc. The top five LV and MV Switchgear manufacturers account for approximately 23% of the total global market. China is the largest consumer market for LV and MV Switchgear, accounting for about 26%, followed by Europe and North America. In terms of product, MV switchgear is the largest segment, with a share about 61%. And in terms of application, the largest application is Residential and Commercial Buildings, followed by Infrastructure and utilities.
We has surveyed the LV & MV Switchgear manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global LV & MV Switchgear Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (Units)
Global LV & MV Switchgear Market Segment Percentages, by Type, 2022 (%)
Air Insulated Switchgears
Gas Insulated Switchgears
Others
Global LV & MV Switchgear Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (Units)
Global LV & MV Switchgear Market Segment Percentages, by Application, 2022 (%)
Residential
Industrial
Commercial
Utility Installations
Global LV & MV Switchgear Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (Units)
Global LV & MV Switchgear Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies LV & MV Switchgear revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies LV & MV Switchgear revenues share in global market, 2022 (%)
Key companies LV & MV Switchgear sales in global market, 2018-2023 (Estimated), (Units)
Key companies LV & MV Switchgear sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB
Siemens
Eaton
Schneider Electric
GE Industrial
Toshiba
Hitachi
CHINT
Mitsubishi Electric
Lucy Electric
Fuji Electric
Bharat Heavy Electricals
Crompton Greaves Ltd.
BOER
Hyundai Heavy Industries
Efacec
Nissin Electric
Dual-ADE
Powell Industries
Henan Senyuan Electric
Hyosung Power & Industrial Systems
Huatech
Outline of Major Chapters:
Chapter 1: Introduces the definition of LV & MV Switchgear, market overview.
Chapter 2: Global LV & MV Switchgear market size in revenue and volume.
Chapter 3: Detailed analysis of LV & MV Switchgear manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of LV & MV Switchgear in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global LV & MV Switchgear capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
