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LV & MV Switchgear-Global Market Insights and Sales Trends 2024

LV & MV Switchgear-Global Market Insights and Sales Trends 2024

Publishing Date : Dec, 2023

License Type :
 

Report Code : 1846998

No of Pages : 123

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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 62273.
The global LV & MV Switchgear market size is expected to reach US$ 71780 million by 2029, growing at a CAGR of 3.1% from 2023 to 2029. The market is mainly driven by the significant applications of LV & MV Switchgear in various end use industries. The expanding demands from the Residential, Industrial, Commercial and Utility Installations, are propelling LV & MV Switchgear market. Air Insulated Switchgears, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Gas Insulated Switchgears segment is estimated at % CAGR for the next seven-year period.
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 61%. And in terms of application, the largest application is Residential and Commercial Buildings, followed by Infrastructure and utilities.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for LV & MV Switchgear, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global LV & MV Switchgear market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global LV & MV Switchgear market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, LV & MV Switchgear sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of LV & MV Switchgear covered in this report include ABB, Siemens, Eaton, Schneider Electric, GE Industrial, Toshiba, Hitachi, CHINT and Mitsubishi Electric, etc.
The global LV & MV Switchgear market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Siemens
Eaton
Schneider Electric
GE Industrial
Toshiba
Hitachi
CHINT
Mitsubishi Electric
Lucy Electric
Fuji Electric
Bharat Heavy Electricals
Crompton Greaves Ltd.
BOER
Hyundai Heavy Industries
Efacec
Nissin Electric
Dual-ADE
Powell Industries
Henan Senyuan Electric
Hyosung Power & Industrial Systems
Huatech
Global LV & MV Switchgear market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global LV & MV Switchgear market, Segment by Type:
Air Insulated Switchgears
Gas Insulated Switchgears
Others
Global LV & MV Switchgear market, by Application
Residential
Industrial
Commercial
Utility Installations
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of LV & MV Switchgear manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of LV & MV Switchgear in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 LV & MV Switchgear Market Overview
1.1 LV & MV Switchgear Product Overview
1.2 LV & MV Switchgear Market Segment by Type
1.2.1 Air Insulated Switchgears
1.2.2 Gas Insulated Switchgears
1.2.3 Others
1.3 Global LV & MV Switchgear Market Size by Type
1.3.1 Global LV & MV Switchgear Market Size Overview by Type (2018-2029)
1.3.2 Global LV & MV Switchgear Historic Market Size Review by Type (2018-2023)
1.3.3 Global LV & MV Switchgear Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America LV & MV Switchgear Sales Breakdown by Type (2018-2023)
1.4.2 Europe LV & MV Switchgear Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific LV & MV Switchgear Sales Breakdown by Type (2018-2023)
1.4.4 Latin America LV & MV Switchgear Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa LV & MV Switchgear Sales Breakdown by Type (2018-2023)
2 Global LV & MV Switchgear Market Competition by Company
2.1 Global Top Players by LV & MV Switchgear Sales (2018-2023)
2.2 Global Top Players by LV & MV Switchgear Revenue (2018-2023)
2.3 Global Top Players by LV & MV Switchgear Price (2018-2023)
2.4 Global Top Manufacturers LV & MV Switchgear Manufacturing Base Distribution, Sales Area, Product Type
2.5 LV & MV Switchgear Market Competitive Situation and Trends
2.5.1 LV & MV Switchgear Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by LV & MV Switchgear Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in LV & MV Switchgear as of 2022)
2.7 Date of Key Manufacturers Enter into LV & MV Switchgear Market
2.8 Key Manufacturers LV & MV Switchgear Product Offered
2.9 Mergers & Acquisitions, Expansion
3 LV & MV Switchgear Status and Outlook by Region
3.1 Global LV & MV Switchgear Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global LV & MV Switchgear Historic Market Size by Region
3.2.1 Global LV & MV Switchgear Sales in Volume by Region (2018-2023)
3.2.2 Global LV & MV Switchgear Sales in Value by Region (2018-2023)
3.2.3 Global LV & MV Switchgear Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global LV & MV Switchgear Forecasted Market Size by Region
3.3.1 Global LV & MV Switchgear Sales in Volume by Region (2024-2029)
3.3.2 Global LV & MV Switchgear Sales in Value by Region (2024-2029)
3.3.3 Global LV & MV Switchgear Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global LV & MV Switchgear by Application
4.1 LV & MV Switchgear Market Segment by Application
4.1.1 Residential
4.1.2 Industrial
4.1.3 Commercial
4.1.4 Utility Installations
4.2 Global LV & MV Switchgear Market Size by Application
4.2.1 Global LV & MV Switchgear Market Size Overview by Application (2018-2029)
4.2.2 Global LV & MV Switchgear Historic Market Size Review by Application (2018-2023)
4.2.3 Global LV & MV Switchgear Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America LV & MV Switchgear Sales Breakdown by Application (2018-2023)
4.3.2 Europe LV & MV Switchgear Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific LV & MV Switchgear Sales Breakdown by Application (2018-2023)
4.3.4 Latin America LV & MV Switchgear Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa LV & MV Switchgear Sales Breakdown by Application (2018-2023)
5 North America LV & MV Switchgear by Country
5.1 North America LV & MV Switchgear Historic Market Size by Country
5.1.1 North America LV & MV Switchgear Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America LV & MV Switchgear Sales in Volume by Country (2018-2023)
5.1.3 North America LV & MV Switchgear Sales in Value by Country (2018-2023)
5.2 North America LV & MV Switchgear Forecasted Market Size by Country
5.2.1 North America LV & MV Switchgear Sales in Volume by Country (2024-2029)
5.2.2 North America LV & MV Switchgear Sales in Value by Country (2024-2029)
6 Europe LV & MV Switchgear by Country
6.1 Europe LV & MV Switchgear Historic Market Size by Country
6.1.1 Europe LV & MV Switchgear Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe LV & MV Switchgear Sales in Volume by Country (2018-2023)
6.1.3 Europe LV & MV Switchgear Sales in Value by Country (2018-2023)
6.2 Europe LV & MV Switchgear Forecasted Market Size by Country
6.2.1 Europe LV & MV Switchgear Sales in Volume by Country (2024-2029)
6.2.2 Europe LV & MV Switchgear Sales in Value by Country (2024-2029)
7 Asia-Pacific LV & MV Switchgear by Region
7.1 Asia-Pacific LV & MV Switchgear Historic Market Size by Region
7.1.1 Asia-Pacific LV & MV Switchgear Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific LV & MV Switchgear Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific LV & MV Switchgear Sales in Value by Region (2018-2023)
7.2 Asia-Pacific LV & MV Switchgear Forecasted Market Size by Region
7.2.1 Asia-Pacific LV & MV Switchgear Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific LV & MV Switchgear Sales in Value by Region (2024-2029)
8 Latin America LV & MV Switchgear by Country
8.1 Latin America LV & MV Switchgear Historic Market Size by Country
8.1.1 Latin America LV & MV Switchgear Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America LV & MV Switchgear Sales in Volume by Country (2018-2023)
8.1.3 Latin America LV & MV Switchgear Sales in Value by Country (2018-2023)
8.2 Latin America LV & MV Switchgear Forecasted Market Size by Country
8.2.1 Latin America LV & MV Switchgear Sales in Volume by Country (2024-2029)
8.2.2 Latin America LV & MV Switchgear Sales in Value by Country (2024-2029)
9 Middle East and Africa LV & MV Switchgear by Country
9.1 Middle East and Africa LV & MV Switchgear Historic Market Size by Country
9.1.1 Middle East and Africa LV & MV Switchgear Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa LV & MV Switchgear Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa LV & MV Switchgear Sales in Value by Country (2018-2023)
9.2 Middle East and Africa LV & MV Switchgear Forecasted Market Size by Country
9.2.1 Middle East and Africa LV & MV Switchgear Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa LV & MV Switchgear Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ABB
10.1.1 ABB Company Information
10.1.2 ABB Introduction and Business Overview
10.1.3 ABB LV & MV Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB LV & MV Switchgear Products Offered
10.1.5 ABB Recent Development
10.2 Siemens
10.2.1 Siemens Company Information
10.2.2 Siemens Introduction and Business Overview
10.2.3 Siemens LV & MV Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Siemens LV & MV Switchgear Products Offered
10.2.5 Siemens Recent Development
10.3 Eaton
10.3.1 Eaton Company Information
10.3.2 Eaton Introduction and Business Overview
10.3.3 Eaton LV & MV Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Eaton LV & MV Switchgear Products Offered
10.3.5 Eaton Recent Development
10.4 Schneider Electric
10.4.1 Schneider Electric Company Information
10.4.2 Schneider Electric Introduction and Business Overview
10.4.3 Schneider Electric LV & MV Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Schneider Electric LV & MV Switchgear Products Offered
10.4.5 Schneider Electric Recent Development
10.5 GE Industrial
10.5.1 GE Industrial Company Information
10.5.2 GE Industrial Introduction and Business Overview
10.5.3 GE Industrial LV & MV Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.5.4 GE Industrial LV & MV Switchgear Products Offered
10.5.5 GE Industrial Recent Development
10.6 Toshiba
10.6.1 Toshiba Company Information
10.6.2 Toshiba Introduction and Business Overview
10.6.3 Toshiba LV & MV Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Toshiba LV & MV Switchgear Products Offered
10.6.5 Toshiba Recent Development
10.7 Hitachi
10.7.1 Hitachi Company Information
10.7.2 Hitachi Introduction and Business Overview
10.7.3 Hitachi LV & MV Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Hitachi LV & MV Switchgear Products Offered
10.7.5 Hitachi Recent Development
10.8 CHINT
10.8.1 CHINT Company Information
10.8.2 CHINT Introduction and Business Overview
10.8.3 CHINT LV & MV Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.8.4 CHINT LV & MV Switchgear Products Offered
10.8.5 CHINT Recent Development
10.9 Mitsubishi Electric
10.9.1 Mitsubishi Electric Company Information
10.9.2 Mitsubishi Electric Introduction and Business Overview
10.9.3 Mitsubishi Electric LV & MV Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Mitsubishi Electric LV & MV Switchgear Products Offered
10.9.5 Mitsubishi Electric Recent Development
10.10 Lucy Electric
10.10.1 Lucy Electric Company Information
10.10.2 Lucy Electric Introduction and Business Overview
10.10.3 Lucy Electric LV & MV Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Lucy Electric LV & MV Switchgear Products Offered
10.10.5 Lucy Electric Recent Development
10.11 Fuji Electric
10.11.1 Fuji Electric Company Information
10.11.2 Fuji Electric Introduction and Business Overview
10.11.3 Fuji Electric LV & MV Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Fuji Electric LV & MV Switchgear Products Offered
10.11.5 Fuji Electric Recent Development
10.12 Bharat Heavy Electricals
10.12.1 Bharat Heavy Electricals Company Information
10.12.2 Bharat Heavy Electricals Introduction and Business Overview
10.12.3 Bharat Heavy Electricals LV & MV Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Bharat Heavy Electricals LV & MV Switchgear Products Offered
10.12.5 Bharat Heavy Electricals Recent Development
10.13 Crompton Greaves Ltd.
10.13.1 Crompton Greaves Ltd. Company Information
10.13.2 Crompton Greaves Ltd. Introduction and Business Overview
10.13.3 Crompton Greaves Ltd. LV & MV Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Crompton Greaves Ltd. LV & MV Switchgear Products Offered
10.13.5 Crompton Greaves Ltd. Recent Development
10.14 BOER
10.14.1 BOER Company Information
10.14.2 BOER Introduction and Business Overview
10.14.3 BOER LV & MV Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.14.4 BOER LV & MV Switchgear Products Offered
10.14.5 BOER Recent Development
10.15 Hyundai Heavy Industries
10.15.1 Hyundai Heavy Industries Company Information
10.15.2 Hyundai Heavy Industries Introduction and Business Overview
10.15.3 Hyundai Heavy Industries LV & MV Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Hyundai Heavy Industries LV & MV Switchgear Products Offered
10.15.5 Hyundai Heavy Industries Recent Development
10.16 Efacec
10.16.1 Efacec Company Information
10.16.2 Efacec Introduction and Business Overview
10.16.3 Efacec LV & MV Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Efacec LV & MV Switchgear Products Offered
10.16.5 Efacec Recent Development
10.17 Nissin Electric
10.17.1 Nissin Electric Company Information
10.17.2 Nissin Electric Introduction and Business Overview
10.17.3 Nissin Electric LV & MV Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.17.4 Nissin Electric LV & MV Switchgear Products Offered
10.17.5 Nissin Electric Recent Development
10.18 Dual-ADE
10.18.1 Dual-ADE Company Information
10.18.2 Dual-ADE Introduction and Business Overview
10.18.3 Dual-ADE LV & MV Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.18.4 Dual-ADE LV & MV Switchgear Products Offered
10.18.5 Dual-ADE Recent Development
10.19 Powell Industries
10.19.1 Powell Industries Company Information
10.19.2 Powell Industries Introduction and Business Overview
10.19.3 Powell Industries LV & MV Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.19.4 Powell Industries LV & MV Switchgear Products Offered
10.19.5 Powell Industries Recent Development
10.20 Henan Senyuan Electric
10.20.1 Henan Senyuan Electric Company Information
10.20.2 Henan Senyuan Electric Introduction and Business Overview
10.20.3 Henan Senyuan Electric LV & MV Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.20.4 Henan Senyuan Electric LV & MV Switchgear Products Offered
10.20.5 Henan Senyuan Electric Recent Development
10.21 Hyosung Power & Industrial Systems
10.21.1 Hyosung Power & Industrial Systems Company Information
10.21.2 Hyosung Power & Industrial Systems Introduction and Business Overview
10.21.3 Hyosung Power & Industrial Systems LV & MV Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.21.4 Hyosung Power & Industrial Systems LV & MV Switchgear Products Offered
10.21.5 Hyosung Power & Industrial Systems Recent Development
10.22 Huatech
10.22.1 Huatech Company Information
10.22.2 Huatech Introduction and Business Overview
10.22.3 Huatech LV & MV Switchgear Sales, Revenue and Gross Margin (2018-2023)
10.22.4 Huatech LV & MV Switchgear Products Offered
10.22.5 Huatech Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 LV & MV Switchgear Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 LV & MV Switchgear Industrial Chain Analysis
11.4 LV & MV Switchgear Market Dynamics
11.4.1 LV & MV Switchgear Industry Trends
11.4.2 LV & MV Switchgear Market Drivers
11.4.3 LV & MV Switchgear Market Challenges
11.4.4 LV & MV Switchgear Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 LV & MV Switchgear Distributors
12.3 LV & MV Switchgear Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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