Global Low Voltage Switchgear Cabinet (LVSG) Market Growth 2023-2029

Global Low Voltage Switchgear Cabinet (LVSG) Market Growth 2023-2029

Low voltage switchgear is a metal-enclosed switchgear, corresponding to high-voltage switchgear, suitable for AC three-phase power systems of 0.4kV and below. Low-voltage switchgear cabinets (LVSG) are intended for completing the panels for receiving and distributing the electrical energy, as well as for the protection against overloads and short-circuit currents in three-phase electrical grids with dead-earthed neutral in four-wire and five-wire versions of three-phase alternating current with a frequency of 50 Hz and voltage up to 1000 V. The low-voltage switchgear is structurally fixed and withdrawable. The fixed low-voltage switchgear can meet the requirements of each electrical component being reliably fixed in the determined position in the cabinet. The shape of the cabinet is generally a cube, such as a screen type, a box type, etc. There are also prismatic bodies such as a desktop. This kind of cabinet has a single row and an arrangement. The withdrawable low-voltage switchgear is composed of a fixed cabinet and a movable device part equipped with main electrical components such as switches. The movable part should be lightly moved when it is moved, and the positioning should be reliable after moving in, and the drawers of the same type and specification can reliably interact with each other. The processing method of the cabinet in the withdrawable type is basically similar to that in the fixed type.
LPI (LP Information)' newest research report, the “Low Voltage Switchgear Cabinet (LVSG) Industry Forecast” looks at past sales and reviews total world Low Voltage Switchgear Cabinet (LVSG) sales in 2022, providing a comprehensive analysis by region and market sector of projected Low Voltage Switchgear Cabinet (LVSG) sales for 2023 through 2029. With Low Voltage Switchgear Cabinet (LVSG) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Low Voltage Switchgear Cabinet (LVSG) industry.
This Insight Report provides a comprehensive analysis of the global Low Voltage Switchgear Cabinet (LVSG) 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 Low Voltage Switchgear Cabinet (LVSG) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Low Voltage Switchgear Cabinet (LVSG) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Low Voltage Switchgear Cabinet (LVSG) and breaks down the forecast by lv standard, 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 Low Voltage Switchgear Cabinet (LVSG).
The global Low Voltage Switchgear Cabinet (LVSG) market size is projected to grow from US$ 1515.3 million in 2022 to US$ 2071 million in 2029; it is expected to grow at a CAGR of 2071 from 2023 to 2029.
Global key players of low voltage switchgear cabinet include Schneider Electric, Eaton, ABB, etc. The top five players hold a share over 60%. Europe is the largest market, has a share about 24%, followed by Asia-Pacific and North America, with share 23% and 22%, separately.
This report presents a comprehensive overview, market shares, and growth opportunities of Low Voltage Switchgear Cabinet (LVSG) market by product lv standard, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by lv standard
ANSI LVSG
IEC LVSG
UL 1588 LVSG
UL LV Switchboards
Segmentation by application
Power Plant
Oil & Gas
Cement Building
Mining
DC
Wind Power
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
Eaton
ABB
Mitsubishi Electric Corporation
Siemens
Vertiv
Anord Mardix
CHINT
Powell Industries
Alfanar
Zhezhong Electric
Hyosung Heavy Industries
Jiangsu Daye
Senyuan Electric
LS Electric
Hyundai Electric
Beijing SIFANG
Jinguan Electric
Kongsberg
ESS Metron
Wetown
SAI Advanced Power Solutions
HONGFA
Shanghai Liangxin
Anhui Xinlong
Industrial Electric Mfg
Myers Power Products
Shijiazhuang Kelin Electric
Hainan Jinpan Smart Technology
Ziquan Energy
Chongqing Wangbian Electric
Guangdong Mingyang
Electric
Jiangsu Huachen Transformer
Hoymiles Power Electronics
Guangzhou Baiyun Electric Equipment
Key Questions Addressed in this Report
What is the 10-year outlook for the global Low Voltage Switchgear Cabinet (LVSG) market?
What factors are driving Low Voltage Switchgear Cabinet (LVSG) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Low Voltage Switchgear Cabinet (LVSG) market opportunities vary by end market size?
How does Low Voltage Switchgear Cabinet (LVSG) break out lv standard, application?
What are the influences of COVID-19 and Russia-Ukraine war?

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