Low Voltage Switchgear Cabinet Market

The global Low Voltage Switchgear Cabinet (LVSG) market was valued at US$ 4564.4 million in 2023 and is projected to reach US$ 7177.3 million by 2030, at a CAGR of 6.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Global key players of low voltage switchgear cabinet (LVSG) include Schneider Electric, Eaton, ABB, Mitsubishi Electric Corporation, Siemens and Guangzhou Baiyun Electric Equipment. Global top six manufacturers hold a share about 47%. In terms of product, withdrawable LVSG is the largest segment, with a share about 63%. And in terms of application, the largest application is power plant, which has a share about 27 percent.

Low-voltage switchgear cabinet is composed of one or more low-voltage switchgear and related control, measurement, signal, protection, regulation and other equipment. According to the structure type, low-voltage switchgear can be divided into fixed low-voltage switchgear and withdrawable low-voltage switchgear. It is mainly used in a three-phase AC 50Hz rated voltage 0.4kV circuit, used to receive and distribute 0.4kV system electric energy, and to implement automatic closing control, cut-off fault protection, monitoring and event recording for the operating circuit, used for power generation and power supply systems It is used for centralized control of power, power distribution and motor, and capacitor compensation.

Low Voltage Switchgear Cabinet Market aims to provide a comprehensive presentation of the global market for Low Voltage Switchgear Cabinet (LVSG), 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 Switchgear Cabinet (LVSG). Low Voltage Switchgear Cabinet Market contains market size and forecasts of Low Voltage Switchgear Cabinet (LVSG) in global, including the following market information:

Global Low Voltage Switchgear Cabinet (LVSG) Market Revenue, 2019-2024, 2025-2030, ($ millions)

Global Low Voltage Switchgear Cabinet (LVSG) Market Sales, 2019-2024, 2025-2030, (Units)

Global top five Low Voltage Switchgear Cabinet (LVSG) companies in 2023 (%)

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Low Voltage Switchgear Cabinet (LVSG) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Low Voltage Switchgear Cabinet (LVSG) Market, by Type, 2019-2024, 2025-2030 ($ Millions) & (Units)

Global Low Voltage Switchgear Cabinet (LVSG) Market Segment Percentages, by Type, 2023 (%)

Fixed LVSG

Withdrawable LVSG

Global Low Voltage Switchgear Cabinet (LVSG) Market, by Application, 2019-2024, 2025-2030 ($ Millions) & (Units)

Global Low Voltage Switchgear Cabinet (LVSG) Market Segment Percentages, by Application, 2023 (%)

Power Plant

Oil & Gas

Cement Building

Mining

DC

Others

Global Low Voltage Switchgear Cabinet (LVSG) Market, By Region and Country, 2019-2024, 2025-2030 ($ Millions) & (Units)

Global Low Voltage Switchgear Cabinet (LVSG) Market Segment Percentages, By Region and Country, 2023 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Low Voltage Switchgear Cabinet (LVSG) revenues in global market, 2019-2024 (Estimated), ($ millions)

Key companies Low Voltage Switchgear Cabinet (LVSG) revenues share in global market, 2023 (%)

Key companies Low Voltage Switchgear Cabinet (LVSG) sales in global market, 2019-2024 (Estimated), (Units)

Key companies Low Voltage Switchgear Cabinet (LVSG) sales share in global market, 2023 (%)

Further, the report presents profiles of competitors in the market, key players include:

Schneider Electric

Eaton

ABB

Mitsubishi Electric Corporation

Siemens

Guangzhou Baiyun Electric Equipment

Guangdong Mingyang Electric

Vertiv

TAKAOKA TOKO

Anord Mardix

CHINT

Shijiazhuang Kelin Electric

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

Ziquan Energy

Togami Electric Mfg

Regal Rexnord Corporation

Outline of Major Chapters:

Chapter 1: Introduces the definition of Low Voltage Switchgear Cabinet (LVSG), market overview.

Chapter 2: Global Low Voltage Switchgear Cabinet (LVSG) market size in revenue and volume.

Chapter 3: Detailed analysis of Low Voltage Switchgear Cabinet (LVSG) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: 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 5: 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 6: Sales of Low Voltage Switchgear Cabinet (LVSG) 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 of each country in the world.

Chapter 7: 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 8: Global Low Voltage Switchgear Cabinet (LVSG) capacity by region & country.

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: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.