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 62271. According to our (Global Info Research) latest study, the global LV and MV Switchgear market size was valued at USD 59380 million in 2022 and is forecast to a readjusted size of USD 84490 million by 2029 with a CAGR of 5.2% during review 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 59%. And in terms of application, the largest application is Residential and Commercial Buildings, followed by Infrastructure and utilities. This report is a detailed and comprehensive analysis for global LV and MV Switchgear market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided. Key Features: Global LV and MV Switchgear market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2018-2029 Global LV and MV Switchgear market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2018-2029 Global LV and MV Switchgear market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2018-2029 Global LV and MV Switchgear market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2018-2023 The Primary Objectives in This Report Are: To determine the size of the total market opportunity of global and key countries To assess the growth potential for LV and MV Switchgear To forecast future growth in each product and end-use market To assess competitive factors affecting the marketplace This report profiles key players in the global LV and MV Switchgear market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ABB, Schneider Electric, EATON, Mitsubishi Electric and SIEMENS, etc. This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence. Market Segmentation LV and MV Switchgear market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets. Market segment by Type LV Switchgear MV Switchgear Market segment by Application Residential and Commercial Buildings Infrastructure and utilities Power Station Petrochemical Data Center Others Major players covered ABB Schneider Electric EATON Mitsubishi Electric SIEMENS Hyundai Heavy Industries Hyosung Toshiba CHINT WECOME INTELLIGENT MANUFACTURING CO.,LTD Fuji Electric LSIS Sunrise Group Shenyang high voltage complete switch co., LTD. LANZHOU GREAT WALL ELECTRICAL CO.,LTD Huayi Electric Co., Ltd. Meidensha Corporation Market segment by region, regional analysis covers North America (United States, Canada and Mexico) Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe) Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia) South America (Brazil, Argentina, Colombia, and Rest of South America) Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa) The content of the study subjects, includes a total of 15 chapters: Chapter 1, to describe LV and MV Switchgear product scope, market overview, market estimation caveats and base year. Chapter 2, to profile the top manufacturers of LV and MV Switchgear, with price, sales, revenue and global market share of LV and MV Switchgear from 2018 to 2023. Chapter 3, the LV and MV Switchgear competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast. Chapter 4, the LV and MV Switchgear breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029. Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029. Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and LV and MV Switchgear market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029. Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War. Chapter 13, the key raw materials and key suppliers, and industry chain of LV and MV Switchgear. Chapter 14 and 15, to describe LV and MV Switchgear sales channel, distributors, customers, research findings and conclusion.
1 Market Overview 1.1 Product Overview and Scope of LV and MV Switchgear 1.2 Market Estimation Caveats and Base Year 1.3 Market Analysis by Type 1.3.1 Overview: Global LV and MV Switchgear Consumption Value by Type: 2018 Versus 2022 Versus 2029 1.3.2 LV Switchgear 1.3.3 MV Switchgear 1.4 Market Analysis by Application 1.4.1 Overview: Global LV and MV
