LV and MV Switchgear Market

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.

LV and MV Switchgear Market contains market size and forecasts of LV and MV Switchgear in global, including the following market information:

Global LV and MV Switchgear Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global LV and MV Switchgear Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five LV and MV Switchgear companies in 2021 (%)

The global LV and MV Switchgear market was valued at 59380 million in 2021 and is projected to reach US$ 84490 million by 2028, at a CAGR of 5.2% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

LV Switchgear Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of LV and MV Switchgear include ABB, Schneider Electric, EATON, Mitsubishi Electric, SIEMENS, Hyundai Heavy Industries, Hyosung, Toshiba and CHINT, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the LV and MV Switchgear 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 LV and MV Switchgear Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global LV and MV Switchgear Market Segment Percentages, by Type, 2021 (%)

LV Switchgear

MV Switchgear

Global LV and MV Switchgear Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global LV and MV Switchgear Market Segment Percentages, by Application, 2021 (%)

Residential and Commercial Buildings

Infrastructure and utilities

Power Station

Petrochemical

Data Center

Others

Global LV and MV Switchgear Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global LV and MV Switchgear Market Segment Percentages, By Region and Country, 2021 (%)

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 LV and MV Switchgear revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies LV and MV Switchgear revenues share in global market, 2021 (%)

Key companies LV and MV Switchgear sales in global market, 2017-2022 (Estimated), (K Units)

Key companies LV and MV Switchgear sales share in global market, 2021 (%)

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

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