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Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Research Report 2024
Synopsis
Switchgear form an important T&D equipment. They are used to control safety and reliability of networks for ensuring smooth flow of electric power.
The global Low Voltage (LV) and Medium Voltage (MV) Switchgear market was valued at US$ 1243.8 million in 2023 and is anticipated to reach US$ 1647.3 million by 2030, witnessing a CAGR of 4.1% during the forecast period 2024-2030.
The lack of adequate electrification has been inhibiting the growth of the industrial sector across emerging economies. To counter the situation, governments in India and China have adopted several approaches to improve grid connectivity in remote locations. A significant portion of the budget for such improvement plans has been allocated to urbanization, thus fuelling the deployment of smart grid technology. This subsequently translates into greater opportunities for sales of LV and MV switchgear in these countries.
This report aims to provide a comprehensive presentation of the global market for Low Voltage (LV) and Medium Voltage (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 Low Voltage (LV) and Medium Voltage (MV) Switchgear.
Report Scope
The Low Voltage (LV) and Medium Voltage (MV) Switchgear market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Low Voltage (LV) and Medium Voltage (MV) Switchgear market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Low Voltage (LV) and Medium Voltage (MV) Switchgear manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB
Eaton
General Electric
Powell Industries
Siemens
Schneider Electric
Bharat Heavy Electricals
Hyosung
Mitsubishi Electric
Segment by Type
Less than 1kV
1kV - 5kV
6kV - 15kV
16kV - 27kV
28kV - 38kV
Segment by Application
Power Plants
Oil & Gas and Petrochemical Industry
Pulp and Paper Industry
Utilities Sector
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Low Voltage (LV) and Medium Voltage (MV) Switchgear manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Low Voltage (LV) and Medium Voltage (MV) Switchgear by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Low Voltage (LV) and Medium Voltage (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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
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: The main points and conclusions of the report.
Switchgear form an important T&D equipment. They are used to control safety and reliability of networks for ensuring smooth flow of electric power.
The global Low Voltage (LV) and Medium Voltage (MV) Switchgear market was valued at US$ 1243.8 million in 2023 and is anticipated to reach US$ 1647.3 million by 2030, witnessing a CAGR of 4.1% during the forecast period 2024-2030.
The lack of adequate electrification has been inhibiting the growth of the industrial sector across emerging economies. To counter the situation, governments in India and China have adopted several approaches to improve grid connectivity in remote locations. A significant portion of the budget for such improvement plans has been allocated to urbanization, thus fuelling the deployment of smart grid technology. This subsequently translates into greater opportunities for sales of LV and MV switchgear in these countries.
This report aims to provide a comprehensive presentation of the global market for Low Voltage (LV) and Medium Voltage (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 Low Voltage (LV) and Medium Voltage (MV) Switchgear.
Report Scope
The Low Voltage (LV) and Medium Voltage (MV) Switchgear market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Low Voltage (LV) and Medium Voltage (MV) Switchgear market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Low Voltage (LV) and Medium Voltage (MV) Switchgear manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB
Eaton
General Electric
Powell Industries
Siemens
Schneider Electric
Bharat Heavy Electricals
Hyosung
Mitsubishi Electric
Segment by Type
Less than 1kV
1kV - 5kV
6kV - 15kV
16kV - 27kV
28kV - 38kV
Segment by Application
Power Plants
Oil & Gas and Petrochemical Industry
Pulp and Paper Industry
Utilities Sector
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Low Voltage (LV) and Medium Voltage (MV) Switchgear manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Low Voltage (LV) and Medium Voltage (MV) Switchgear by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Low Voltage (LV) and Medium Voltage (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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
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: The main points and conclusions of the report.
Index1 Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Overview
1.1 Product Definition
1.2 Low Voltage (LV) and Medium Voltage (MV) Switchgear Segment by Type
1.2.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Less than 1kV
1.2.3 1kV - 5kV
1.2.4 6kV - 15kV
1.2.5 16kV - 27kV
1.2.6 28kV - 38kV
1.3 Low Voltage (LV) and Medium Voltage (MV) Switchgear Segment by Application
1.3.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Power Plants
1.3.3 Oil & Gas and Petrochemical Industry
1.3.4 Pulp and Paper Industry
1.3.5 Utilities Sector
1.4 Global Market Growth Prospects
1.4.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Estimates and Forecasts (2019-2030)
1.4.4 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Market Share by Manufacturers (2019-2024)
2.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Low Voltage (LV) and Medium Voltage (MV) Switchgear, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Low Voltage (LV) and Medium Voltage (MV) Switchgear, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Low Voltage (LV) and Medium Voltage (MV) Switchgear, Product Offered and Application
2.8 Global Key Manufacturers of Low Voltage (LV) and Medium Voltage (MV) Switchgear, Date of Enter into This Industry
2.9 Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Competitive Situation and Trends
2.9.1 Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Concentration Rate
2.9.2 Global 5 and 10 Largest Low Voltage (LV) and Medium Voltage (MV) Switchgear Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Low Voltage (LV) and Medium Voltage (MV) Switchgear Production by Region
3.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Value by Region (2019-2030)
3.2.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Low Voltage (LV) and Medium Voltage (MV) Switchgear by Region (2025-2030)
3.3 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production by Region (2019-2030)
3.4.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Low Voltage (LV) and Medium Voltage (MV) Switchgear by Region (2025-2030)
3.5 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Price Analysis by Region (2019-2024)
3.6 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production and Value, Year-over-Year Growth
3.6.1 North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Value Estimates and Forecasts (2019-2030)
4 Low Voltage (LV) and Medium Voltage (MV) Switchgear Consumption by Region
4.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Consumption by Region (2019-2030)
4.2.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Consumption by Region (2019-2024)
4.2.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production by Type (2019-2030)
5.1.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production by Type (2019-2024)
5.1.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production by Type (2025-2030)
5.1.3 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Market Share by Type (2019-2030)
5.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Value by Type (2019-2030)
5.2.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Value by Type (2019-2024)
5.2.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Value by Type (2025-2030)
5.2.3 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Value Market Share by Type (2019-2030)
5.3 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Price by Type (2019-2030)
6 Segment by Application
6.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production by Application (2019-2030)
6.1.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production by Application (2019-2024)
6.1.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production by Application (2025-2030)
6.1.3 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Market Share by Application (2019-2030)
6.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Value by Application (2019-2030)
6.2.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Value by Application (2019-2024)
6.2.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Value by Application (2025-2030)
6.2.3 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Value Market Share by Application (2019-2030)
6.3 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Price by Application (2019-2030)
7 Key Companies Profiled
7.1 ABB
7.1.1 ABB Low Voltage (LV) and Medium Voltage (MV) Switchgear Corporation Information
7.1.2 ABB Low Voltage (LV) and Medium Voltage (MV) Switchgear Product Portfolio
7.1.3 ABB Low Voltage (LV) and Medium Voltage (MV) Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.1.4 ABB Main Business and Markets Served
7.1.5 ABB Recent Developments/Updates
7.2 Eaton
7.2.1 Eaton Low Voltage (LV) and Medium Voltage (MV) Switchgear Corporation Information
7.2.2 Eaton Low Voltage (LV) and Medium Voltage (MV) Switchgear Product Portfolio
7.2.3 Eaton Low Voltage (LV) and Medium Voltage (MV) Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Eaton Main Business and Markets Served
7.2.5 Eaton Recent Developments/Updates
7.3 General Electric
7.3.1 General Electric Low Voltage (LV) and Medium Voltage (MV) Switchgear Corporation Information
7.3.2 General Electric Low Voltage (LV) and Medium Voltage (MV) Switchgear Product Portfolio
7.3.3 General Electric Low Voltage (LV) and Medium Voltage (MV) Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.3.4 General Electric Main Business and Markets Served
7.3.5 General Electric Recent Developments/Updates
7.4 Powell Industries
7.4.1 Powell Industries Low Voltage (LV) and Medium Voltage (MV) Switchgear Corporation Information
7.4.2 Powell Industries Low Voltage (LV) and Medium Voltage (MV) Switchgear Product Portfolio
7.4.3 Powell Industries Low Voltage (LV) and Medium Voltage (MV) Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Powell Industries Main Business and Markets Served
7.4.5 Powell Industries Recent Developments/Updates
7.5 Siemens
7.5.1 Siemens Low Voltage (LV) and Medium Voltage (MV) Switchgear Corporation Information
7.5.2 Siemens Low Voltage (LV) and Medium Voltage (MV) Switchgear Product Portfolio
7.5.3 Siemens Low Voltage (LV) and Medium Voltage (MV) Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Siemens Main Business and Markets Served
7.5.5 Siemens Recent Developments/Updates
7.6 Schneider Electric
7.6.1 Schneider Electric Low Voltage (LV) and Medium Voltage (MV) Switchgear Corporation Information
7.6.2 Schneider Electric Low Voltage (LV) and Medium Voltage (MV) Switchgear Product Portfolio
7.6.3 Schneider Electric Low Voltage (LV) and Medium Voltage (MV) Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Schneider Electric Main Business and Markets Served
7.6.5 Schneider Electric Recent Developments/Updates
7.7 Bharat Heavy Electricals
7.7.1 Bharat Heavy Electricals Low Voltage (LV) and Medium Voltage (MV) Switchgear Corporation Information
7.7.2 Bharat Heavy Electricals Low Voltage (LV) and Medium Voltage (MV) Switchgear Product Portfolio
7.7.3 Bharat Heavy Electricals Low Voltage (LV) and Medium Voltage (MV) Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Bharat Heavy Electricals Main Business and Markets Served
7.7.5 Bharat Heavy Electricals Recent Developments/Updates
7.8 Hyosung
7.8.1 Hyosung Low Voltage (LV) and Medium Voltage (MV) Switchgear Corporation Information
7.8.2 Hyosung Low Voltage (LV) and Medium Voltage (MV) Switchgear Product Portfolio
7.8.3 Hyosung Low Voltage (LV) and Medium Voltage (MV) Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Hyosung Main Business and Markets Served
7.7.5 Hyosung Recent Developments/Updates
7.9 Mitsubishi Electric
7.9.1 Mitsubishi Electric Low Voltage (LV) and Medium Voltage (MV) Switchgear Corporation Information
7.9.2 Mitsubishi Electric Low Voltage (LV) and Medium Voltage (MV) Switchgear Product Portfolio
7.9.3 Mitsubishi Electric Low Voltage (LV) and Medium Voltage (MV) Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Mitsubishi Electric Main Business and Markets Served
7.9.5 Mitsubishi Electric Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Low Voltage (LV) and Medium Voltage (MV) Switchgear Industry Chain Analysis
8.2 Low Voltage (LV) and Medium Voltage (MV) Switchgear Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Low Voltage (LV) and Medium Voltage (MV) Switchgear Production Mode & Process
8.4 Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales and Marketing
8.4.1 Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales Channels
8.4.2 Low Voltage (LV) and Medium Voltage (MV) Switchgear Distributors
8.5 Low Voltage (LV) and Medium Voltage (MV) Switchgear Customers
9 Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Dynamics
9.1 Low Voltage (LV) and Medium Voltage (MV) Switchgear Industry Trends
9.2 Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Drivers
9.3 Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Challenges
9.4 Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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