Global LV and MV Switchgear Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global LV and MV Switchgear Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

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 US$ 62860 million in 2023 and is forecast to a readjusted size of USD 89720 million by 2030 with a CAGR of 5.3% during review period.

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 2024, 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), 2019-2030

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), 2019-2030

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), 2019-2030

Global LV and MV Switchgear market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2019-2024

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, sales quantity, revenue, 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, SIEMENS, Hyundai Heavy Industries, Hyosung, Toshiba, CHINT, WECOME INTELLIGENT MANUFACTURING CO.,LTD, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

LV and MV Switchgear market is split by Type and by Application. For the period 2019-2030, 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 quantity, revenue, and global market share of LV and MV Switchgear from 2019 to 2024.

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 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

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 2019 to 2024.and LV and MV Switchgear market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

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.