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Low Voltage (LV) and Medium Voltage (MV) Switchgear-Global Market Insights and Sales Trends 2025

Low Voltage (LV) and Medium Voltage (MV) Switchgear-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1859552

No of Pages : 99

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 size is expected to reach US$ 76280 million by 2029, growing at a CAGR of 3.9% from 2023 to 2029. The market is mainly driven by the significant applications of Low Voltage (LV) and Medium Voltage (MV) Switchgear in various end use industries. The expanding demands from the Power Plants, Oil & Gas and Petrochemical Industry, Pulp and Paper Industry and Utilities Sector, are propelling Low Voltage (LV) and Medium Voltage (MV) Switchgear market. Less than 1kV, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 1kV - 5kV segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Low Voltage (LV) and Medium Voltage (MV) Switchgear, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Low Voltage (LV) and Medium Voltage (MV) Switchgear market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Low Voltage (LV) and Medium Voltage (MV) Switchgear market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Low Voltage (LV) and Medium Voltage (MV) Switchgear sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Low Voltage (LV) and Medium Voltage (MV) Switchgear covered in this report include ABB, Eaton, General Electric, Powell Industries, Siemens, Schneider Electric, Bharat Heavy Electricals, Hyosung and Mitsubishi Electric, etc.
The global Low Voltage (LV) and Medium Voltage (MV) Switchgear market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Eaton
General Electric
Powell Industries
Siemens
Schneider Electric
Bharat Heavy Electricals
Hyosung
Mitsubishi Electric
Global Low Voltage (LV) and Medium Voltage (MV) Switchgear market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Low Voltage (LV) and Medium Voltage (MV) Switchgear market, Segment by Type:
Less than 1kV
1kV - 5kV
6kV - 15kV
16kV - 27kV
28kV - 38kV
Global Low Voltage (LV) and Medium Voltage (MV) Switchgear market, by Application
Power Plants
Oil & Gas and Petrochemical Industry
Pulp and Paper Industry
Utilities Sector
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Low Voltage (LV) and Medium Voltage (MV) Switchgear manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Low Voltage (LV) and Medium Voltage (MV) Switchgear in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Overview
1.1 Low Voltage (LV) and Medium Voltage (MV) Switchgear Product Overview
1.2 Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Segment by Type
1.2.1 Less than 1kV
1.2.2 1kV - 5kV
1.2.3 6kV - 15kV
1.2.4 16kV - 27kV
1.2.5 28kV - 38kV
1.3 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size by Type
1.3.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size Overview by Type (2018-2029)
1.3.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Historic Market Size Review by Type (2018-2023)
1.3.3 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales Breakdown by Type (2018-2023)
1.4.2 Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales Breakdown by Type (2018-2023)
2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Competition by Company
2.1 Global Top Players by Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales (2018-2023)
2.2 Global Top Players by Low Voltage (LV) and Medium Voltage (MV) Switchgear Revenue (2018-2023)
2.3 Global Top Players by Low Voltage (LV) and Medium Voltage (MV) Switchgear Price (2018-2023)
2.4 Global Top Manufacturers Low Voltage (LV) and Medium Voltage (MV) Switchgear Manufacturing Base Distribution, Sales Area, Product Type
2.5 Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Competitive Situation and Trends
2.5.1 Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Low Voltage (LV) and Medium Voltage (MV) Switchgear as of 2022)
2.7 Date of Key Manufacturers Enter into Low Voltage (LV) and Medium Voltage (MV) Switchgear Market
2.8 Key Manufacturers Low Voltage (LV) and Medium Voltage (MV) Switchgear Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Low Voltage (LV) and Medium Voltage (MV) Switchgear Status and Outlook by Region
3.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Historic Market Size by Region
3.2.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales in Volume by Region (2018-2023)
3.2.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales in Value by Region (2018-2023)
3.2.3 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Forecasted Market Size by Region
3.3.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales in Volume by Region (2024-2029)
3.3.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales in Value by Region (2024-2029)
3.3.3 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear by Application
4.1 Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Segment by Application
4.1.1 Power Plants
4.1.2 Oil & Gas and Petrochemical Industry
4.1.3 Pulp and Paper Industry
4.1.4 Utilities Sector
4.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size by Application
4.2.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size Overview by Application (2018-2029)
4.2.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Historic Market Size Review by Application (2018-2023)
4.2.3 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales Breakdown by Application (2018-2023)
4.3.2 Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales Breakdown by Application (2018-2023)
5 North America Low Voltage (LV) and Medium Voltage (MV) Switchgear by Country
5.1 North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Historic Market Size by Country
5.1.1 North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales in Volume by Country (2018-2023)
5.1.3 North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales in Value by Country (2018-2023)
5.2 North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Forecasted Market Size by Country
5.2.1 North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales in Volume by Country (2024-2029)
5.2.2 North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales in Value by Country (2024-2029)
6 Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear by Country
6.1 Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Historic Market Size by Country
6.1.1 Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales in Volume by Country (2018-2023)
6.1.3 Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales in Value by Country (2018-2023)
6.2 Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Forecasted Market Size by Country
6.2.1 Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales in Volume by Country (2024-2029)
6.2.2 Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales in Value by Country (2024-2029)
7 Asia-Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear by Region
7.1 Asia-Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Historic Market Size by Region
7.1.1 Asia-Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Forecasted Market Size by Region
7.2.1 Asia-Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales in Value by Region (2024-2029)
8 Latin America Low Voltage (LV) and Medium Voltage (MV) Switchgear by Country
8.1 Latin America Low Voltage (LV) and Medium Voltage (MV) Switchgear Historic Market Size by Country
8.1.1 Latin America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales in Volume by Country (2018-2023)
8.1.3 Latin America Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales in Value by Country (2018-2023)
8.2 Latin America Low Voltage (LV) and Medium Voltage (MV) Switchgear Forecasted Market Size by Country
8.2.1 Latin America Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales in Volume by Country (2024-2029)
8.2.2 Latin America Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales in Value by Country (2024-2029)
9 Middle East and Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear by Country
9.1 Middle East and Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Historic Market Size by Country
9.1.1 Middle East and Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Forecasted Market Size by Country
9.2.1 Middle East and Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ABB
10.1.1 ABB Company Information
10.1.2 ABB Introduction and Business Overview
10.1.3 ABB Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB Low Voltage (LV) and Medium Voltage (MV) Switchgear Products Offered
10.1.5 ABB Recent Development
10.2 Eaton
10.2.1 Eaton Company Information
10.2.2 Eaton Introduction and Business Overview
10.2.3 Eaton Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Eaton Low Voltage (LV) and Medium Voltage (MV) Switchgear Products Offered
10.2.5 Eaton Recent Development
10.3 General Electric
10.3.1 General Electric Company Information
10.3.2 General Electric Introduction and Business Overview
10.3.3 General Electric Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.3.4 General Electric Low Voltage (LV) and Medium Voltage (MV) Switchgear Products Offered
10.3.5 General Electric Recent Development
10.4 Powell Industries
10.4.1 Powell Industries Company Information
10.4.2 Powell Industries Introduction and Business Overview
10.4.3 Powell Industries Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Powell Industries Low Voltage (LV) and Medium Voltage (MV) Switchgear Products Offered
10.4.5 Powell Industries Recent Development
10.5 Siemens
10.5.1 Siemens Company Information
10.5.2 Siemens Introduction and Business Overview
10.5.3 Siemens Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Siemens Low Voltage (LV) and Medium Voltage (MV) Switchgear Products Offered
10.5.5 Siemens Recent Development
10.6 Schneider Electric
10.6.1 Schneider Electric Company Information
10.6.2 Schneider Electric Introduction and Business Overview
10.6.3 Schneider Electric Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Schneider Electric Low Voltage (LV) and Medium Voltage (MV) Switchgear Products Offered
10.6.5 Schneider Electric Recent Development
10.7 Bharat Heavy Electricals
10.7.1 Bharat Heavy Electricals Company Information
10.7.2 Bharat Heavy Electricals Introduction and Business Overview
10.7.3 Bharat Heavy Electricals Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Bharat Heavy Electricals Low Voltage (LV) and Medium Voltage (MV) Switchgear Products Offered
10.7.5 Bharat Heavy Electricals Recent Development
10.8 Hyosung
10.8.1 Hyosung Company Information
10.8.2 Hyosung Introduction and Business Overview
10.8.3 Hyosung Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Hyosung Low Voltage (LV) and Medium Voltage (MV) Switchgear Products Offered
10.8.5 Hyosung Recent Development
10.9 Mitsubishi Electric
10.9.1 Mitsubishi Electric Company Information
10.9.2 Mitsubishi Electric Introduction and Business Overview
10.9.3 Mitsubishi Electric Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Mitsubishi Electric Low Voltage (LV) and Medium Voltage (MV) Switchgear Products Offered
10.9.5 Mitsubishi Electric Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Low Voltage (LV) and Medium Voltage (MV) Switchgear Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Low Voltage (LV) and Medium Voltage (MV) Switchgear Industrial Chain Analysis
11.4 Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Dynamics
11.4.1 Low Voltage (LV) and Medium Voltage (MV) Switchgear Industry Trends
11.4.2 Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Drivers
11.4.3 Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Challenges
11.4.4 Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Low Voltage (LV) and Medium Voltage (MV) Switchgear Distributors
12.3 Low Voltage (LV) and Medium Voltage (MV) Switchgear Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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