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Global LV and MV Switchgear Market Research Report 2024
Synopsis
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.
The global LV and MV Switchgear market was valued at US$ 57710 million in 2023 and is anticipated to reach US$ 83760 million by 2030, witnessing a CAGR of 5.4% during the forecast period 2024-2030.
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 aims to provide a comprehensive presentation of the global market for LV and MV Switchgear, 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 LV and MV Switchgear.
Report Scope
The LV and MV Switchgear market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global LV and MV Switchgear market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the LV and MV Switchgear manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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
Segment by Type
LV Switchgear
MV Switchgear
Segment by Application
Residential and Commercial Buildings
Infrastructure and utilities
Power Station
Petrochemical
Data Center
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of LV and MV Switchgear manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of LV and MV Switchgear by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of LV and MV Switchgear 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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
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: The main points and conclusions of the report.
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.
The global LV and MV Switchgear market was valued at US$ 57710 million in 2023 and is anticipated to reach US$ 83760 million by 2030, witnessing a CAGR of 5.4% during the forecast period 2024-2030.
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 aims to provide a comprehensive presentation of the global market for LV and MV Switchgear, 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 LV and MV Switchgear.
Report Scope
The LV and MV Switchgear market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global LV and MV Switchgear market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the LV and MV Switchgear manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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
Segment by Type
LV Switchgear
MV Switchgear
Segment by Application
Residential and Commercial Buildings
Infrastructure and utilities
Power Station
Petrochemical
Data Center
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of LV and MV Switchgear manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of LV and MV Switchgear by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of LV and MV Switchgear 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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
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: The main points and conclusions of the report.
Index1 LV and MV Switchgear Market Overview
1.1 Product Definition
1.2 LV and MV Switchgear Segment by Type
1.2.1 Global LV and MV Switchgear Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 LV Switchgear
1.2.3 MV Switchgear
1.3 LV and MV Switchgear Segment by Application
1.3.1 Global LV and MV Switchgear Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Residential and Commercial Buildings
1.3.3 Infrastructure and utilities
1.3.4 Power Station
1.3.5 Petrochemical
1.3.6 Data Center
1.3.7 Others
1.4 Global Market Growth Prospects
1.4.1 Global LV and MV Switchgear Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global LV and MV Switchgear Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global LV and MV Switchgear Production Estimates and Forecasts (2019-2030)
1.4.4 Global LV and MV Switchgear Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global LV and MV Switchgear Production Market Share by Manufacturers (2019-2024)
2.2 Global LV and MV Switchgear Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of LV and MV Switchgear, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global LV and MV Switchgear Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global LV and MV Switchgear Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of LV and MV Switchgear, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of LV and MV Switchgear, Product Offered and Application
2.8 Global Key Manufacturers of LV and MV Switchgear, Date of Enter into This Industry
2.9 LV and MV Switchgear Market Competitive Situation and Trends
2.9.1 LV and MV Switchgear Market Concentration Rate
2.9.2 Global 5 and 10 Largest LV and MV Switchgear Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 LV and MV Switchgear Production by Region
3.1 Global LV and MV Switchgear Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global LV and MV Switchgear Production Value by Region (2019-2030)
3.2.1 Global LV and MV Switchgear Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of LV and MV Switchgear by Region (2025-2030)
3.3 Global LV and MV Switchgear Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global LV and MV Switchgear Production by Region (2019-2030)
3.4.1 Global LV and MV Switchgear Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of LV and MV Switchgear by Region (2025-2030)
3.5 Global LV and MV Switchgear Market Price Analysis by Region (2019-2024)
3.6 Global LV and MV Switchgear Production and Value, Year-over-Year Growth
3.6.1 North America LV and MV Switchgear Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe LV and MV Switchgear Production Value Estimates and Forecasts (2019-2030)
3.6.3 China LV and MV Switchgear Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan LV and MV Switchgear Production Value Estimates and Forecasts (2019-2030)
4 LV and MV Switchgear Consumption by Region
4.1 Global LV and MV Switchgear Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global LV and MV Switchgear Consumption by Region (2019-2030)
4.2.1 Global LV and MV Switchgear Consumption by Region (2019-2024)
4.2.2 Global LV and MV Switchgear Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America LV and MV Switchgear Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America LV and MV Switchgear Consumption by Country (2019-2030)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe LV and MV Switchgear Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe LV and MV Switchgear Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific LV and MV Switchgear Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific LV and MV Switchgear Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa LV and MV Switchgear Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa LV and MV Switchgear Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global LV and MV Switchgear Production by Type (2019-2030)
5.1.1 Global LV and MV Switchgear Production by Type (2019-2024)
5.1.2 Global LV and MV Switchgear Production by Type (2025-2030)
5.1.3 Global LV and MV Switchgear Production Market Share by Type (2019-2030)
5.2 Global LV and MV Switchgear Production Value by Type (2019-2030)
5.2.1 Global LV and MV Switchgear Production Value by Type (2019-2024)
5.2.2 Global LV and MV Switchgear Production Value by Type (2025-2030)
5.2.3 Global LV and MV Switchgear Production Value Market Share by Type (2019-2030)
5.3 Global LV and MV Switchgear Price by Type (2019-2030)
6 Segment by Application
6.1 Global LV and MV Switchgear Production by Application (2019-2030)
6.1.1 Global LV and MV Switchgear Production by Application (2019-2024)
6.1.2 Global LV and MV Switchgear Production by Application (2025-2030)
6.1.3 Global LV and MV Switchgear Production Market Share by Application (2019-2030)
6.2 Global LV and MV Switchgear Production Value by Application (2019-2030)
6.2.1 Global LV and MV Switchgear Production Value by Application (2019-2024)
6.2.2 Global LV and MV Switchgear Production Value by Application (2025-2030)
6.2.3 Global LV and MV Switchgear Production Value Market Share by Application (2019-2030)
6.3 Global LV and MV Switchgear Price by Application (2019-2030)
7 Key Companies Profiled
7.1 ABB
7.1.1 ABB LV and MV Switchgear Corporation Information
7.1.2 ABB LV and MV Switchgear Product Portfolio
7.1.3 ABB LV and MV Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.1.4 ABB Main Business and Markets Served
7.1.5 ABB Recent Developments/Updates
7.2 Schneider Electric
7.2.1 Schneider Electric LV and MV Switchgear Corporation Information
7.2.2 Schneider Electric LV and MV Switchgear Product Portfolio
7.2.3 Schneider Electric LV and MV Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Schneider Electric Main Business and Markets Served
7.2.5 Schneider Electric Recent Developments/Updates
7.3 EATON
7.3.1 EATON LV and MV Switchgear Corporation Information
7.3.2 EATON LV and MV Switchgear Product Portfolio
7.3.3 EATON LV and MV Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.3.4 EATON Main Business and Markets Served
7.3.5 EATON Recent Developments/Updates
7.4 Mitsubishi Electric
7.4.1 Mitsubishi Electric LV and MV Switchgear Corporation Information
7.4.2 Mitsubishi Electric LV and MV Switchgear Product Portfolio
7.4.3 Mitsubishi Electric LV and MV Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Mitsubishi Electric Main Business and Markets Served
7.4.5 Mitsubishi Electric Recent Developments/Updates
7.5 SIEMENS
7.5.1 SIEMENS LV and MV Switchgear Corporation Information
7.5.2 SIEMENS LV and MV Switchgear Product Portfolio
7.5.3 SIEMENS LV and MV Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.5.4 SIEMENS Main Business and Markets Served
7.5.5 SIEMENS Recent Developments/Updates
7.6 Hyundai Heavy Industries
7.6.1 Hyundai Heavy Industries LV and MV Switchgear Corporation Information
7.6.2 Hyundai Heavy Industries LV and MV Switchgear Product Portfolio
7.6.3 Hyundai Heavy Industries LV and MV Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Hyundai Heavy Industries Main Business and Markets Served
7.6.5 Hyundai Heavy Industries Recent Developments/Updates
7.7 Hyosung
7.7.1 Hyosung LV and MV Switchgear Corporation Information
7.7.2 Hyosung LV and MV Switchgear Product Portfolio
7.7.3 Hyosung LV and MV Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Hyosung Main Business and Markets Served
7.7.5 Hyosung Recent Developments/Updates
7.8 Toshiba
7.8.1 Toshiba LV and MV Switchgear Corporation Information
7.8.2 Toshiba LV and MV Switchgear Product Portfolio
7.8.3 Toshiba LV and MV Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Toshiba Main Business and Markets Served
7.7.5 Toshiba Recent Developments/Updates
7.9 CHINT
7.9.1 CHINT LV and MV Switchgear Corporation Information
7.9.2 CHINT LV and MV Switchgear Product Portfolio
7.9.3 CHINT LV and MV Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.9.4 CHINT Main Business and Markets Served
7.9.5 CHINT Recent Developments/Updates
7.10 WECOME INTELLIGENT MANUFACTURING CO.,LTD
7.10.1 WECOME INTELLIGENT MANUFACTURING CO.,LTD LV and MV Switchgear Corporation Information
7.10.2 WECOME INTELLIGENT MANUFACTURING CO.,LTD LV and MV Switchgear Product Portfolio
7.10.3 WECOME INTELLIGENT MANUFACTURING CO.,LTD LV and MV Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.10.4 WECOME INTELLIGENT MANUFACTURING CO.,LTD Main Business and Markets Served
7.10.5 WECOME INTELLIGENT MANUFACTURING CO.,LTD Recent Developments/Updates
7.11 Fuji Electric
7.11.1 Fuji Electric LV and MV Switchgear Corporation Information
7.11.2 Fuji Electric LV and MV Switchgear Product Portfolio
7.11.3 Fuji Electric LV and MV Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Fuji Electric Main Business and Markets Served
7.11.5 Fuji Electric Recent Developments/Updates
7.12 LSIS
7.12.1 LSIS LV and MV Switchgear Corporation Information
7.12.2 LSIS LV and MV Switchgear Product Portfolio
7.12.3 LSIS LV and MV Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.12.4 LSIS Main Business and Markets Served
7.12.5 LSIS Recent Developments/Updates
7.13 Sunrise Group
7.13.1 Sunrise Group LV and MV Switchgear Corporation Information
7.13.2 Sunrise Group LV and MV Switchgear Product Portfolio
7.13.3 Sunrise Group LV and MV Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Sunrise Group Main Business and Markets Served
7.13.5 Sunrise Group Recent Developments/Updates
7.14 Shenyang high voltage complete switch co., LTD.
7.14.1 Shenyang high voltage complete switch co., LTD. LV and MV Switchgear Corporation Information
7.14.2 Shenyang high voltage complete switch co., LTD. LV and MV Switchgear Product Portfolio
7.14.3 Shenyang high voltage complete switch co., LTD. LV and MV Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Shenyang high voltage complete switch co., LTD. Main Business and Markets Served
7.14.5 Shenyang high voltage complete switch co., LTD. Recent Developments/Updates
7.15 LANZHOU GREAT WALL ELECTRICAL CO.,LTD
7.15.1 LANZHOU GREAT WALL ELECTRICAL CO.,LTD LV and MV Switchgear Corporation Information
7.15.2 LANZHOU GREAT WALL ELECTRICAL CO.,LTD LV and MV Switchgear Product Portfolio
7.15.3 LANZHOU GREAT WALL ELECTRICAL CO.,LTD LV and MV Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.15.4 LANZHOU GREAT WALL ELECTRICAL CO.,LTD Main Business and Markets Served
7.15.5 LANZHOU GREAT WALL ELECTRICAL CO.,LTD Recent Developments/Updates
7.16 Huayi Electric Co., Ltd.
7.16.1 Huayi Electric Co., Ltd. LV and MV Switchgear Corporation Information
7.16.2 Huayi Electric Co., Ltd. LV and MV Switchgear Product Portfolio
7.16.3 Huayi Electric Co., Ltd. LV and MV Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.16.4 Huayi Electric Co., Ltd. Main Business and Markets Served
7.16.5 Huayi Electric Co., Ltd. Recent Developments/Updates
7.17 Meidensha Corporation
7.17.1 Meidensha Corporation LV and MV Switchgear Corporation Information
7.17.2 Meidensha Corporation LV and MV Switchgear Product Portfolio
7.17.3 Meidensha Corporation LV and MV Switchgear Production, Value, Price and Gross Margin (2019-2024)
7.17.4 Meidensha Corporation Main Business and Markets Served
7.17.5 Meidensha Corporation Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 LV and MV Switchgear Industry Chain Analysis
8.2 LV and MV Switchgear Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 LV and MV Switchgear Production Mode & Process
8.4 LV and MV Switchgear Sales and Marketing
8.4.1 LV and MV Switchgear Sales Channels
8.4.2 LV and MV Switchgear Distributors
8.5 LV and MV Switchgear Customers
9 LV and MV Switchgear Market Dynamics
9.1 LV and MV Switchgear Industry Trends
9.2 LV and MV Switchgear Market Drivers
9.3 LV and MV Switchgear Market Challenges
9.4 LV and MV Switchgear Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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