Global LV Electric Panels Market Growth 2024-2030

Global LV Electric Panels Market Growth 2024-2030

LV electric panel is a component of an LV electricity supply system that divides an electrical power feed into subsidiary circuits while providing a protective fuse or circuit breaker for each circuit in a common enclosure.

The global LV Electric Panels market size is projected to grow from US$ 6568.9 million in 2023 to US$ 9753.5 million in 2030; it is expected to grow at a CAGR of 5.8% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “LV Electric Panels Industry Forecast” looks at past sales and reviews total world LV Electric Panels sales in 2023, providing a comprehensive analysis by region and market sector of projected LV Electric Panels sales for 2024 through 2030. With LV Electric Panels sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world LV Electric Panels industry.

This Insight Report provides a comprehensive analysis of the global LV Electric Panels landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on LV Electric Panels portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global LV Electric Panels market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for LV Electric Panels and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global LV Electric Panels.

Rising demand for low-voltage control systems with advanced features supported by power supply reforms, growing population, and expanding multi-storey apartments and residential complexes will spur product adoption. The switchboard industry is expected to gain considerable momentum owing to increasing focus on energy efficiency directives and regulations to minimize power loss and reduce energy consumption, which will accelerate the industry size. Rising penetration of renewable energy sources including wind and solar energy coupled with rising demand for smart distribution panel systems including smart grid systems and smart homes will stimulate favorable business scenarios. The switchboard market is set to witness growth owing to rising electrification rates and ongoing renovation of existing power infrastructure. Expansion of residential and commercial electricity networks driven by mass suburban migration will aid market growth. Moreover, with the rapid digitization of industrial peripherals, the development of stand-alone microgrid projects will have a positive impact on industry dynamics.

This report presents a comprehensive overview, market shares, and growth opportunities of LV Electric Panels market by product type, application, key manufacturers and key regions and countries.

Segmentation by type


Indoor

Outdoor
Segmentation by application


Residential Building

Commercial Building

Industrial Building

Others
This report also splits the market by region:


Americas
United States
Canada
Mexico
Brazil

APAC
China
Japan
Korea
Southeast Asia
India
Australia

Europe
Germany
France
UK
Italy
Russia

Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.


Schneider Electric

ABB

Hager Group (Bocchiotti SPA)

Legrand

Siemens

Eaton Corporation

INDU-ELECTRIC Gerber

Blakley Electrics

General Electric

Havells

East Coast Power Systems

Industrial Electric Mfg

OEZ

ESL Power Systems

NHP Electrical Engineering

Arabian Gulf Switchgear

Abunayyan Holding

SEL SpA
Key Questions Addressed in this Report

What is the 10-year outlook for the global LV Electric Panels market?

What factors are driving LV Electric Panels market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do LV Electric Panels market opportunities vary by end market size?

How does LV Electric Panels break out type, application?


Please note: The report will take approximately 2 business days to prepare and deliver.