Low Voltage Protection and Control: Global Strategic Business Report

Global Low Voltage Protection and Control Market to Reach $23.5 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Low Voltage Protection and Control estimated at US$14 Billion in the year 2020, is projected to reach a revised size of US$23.5 Billion by 2027, growing at a CAGR of 7.7% over the analysis period 2020-2027. Protection Equipment, one of the segments analyzed in the report, is projected to record a 7.5% CAGR and reach US$9.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Switching Equipment segment is readjusted to a revised 7.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.8 Billion, While China is Forecast to Grow at 11.8% CAGR

The Low Voltage Protection and Control market in the U.S. is estimated at US$3.8 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$5.1 Billion by the year 2027 trailing a CAGR of 11.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 6.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.2 Billion by the year 2027.

Monitoring Devices Segment to Record 8.2% CAGR

In the global Monitoring Devices segment, USA, Canada, Japan, China and Europe will drive the 8.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.4 Billion in the year 2020 will reach a projected size of US$4.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 8.8% CAGR through the analysis period.

Select Competitors (Total 38 Featured) -

• ABB
• Chint Group
• Eaton Corporation
• Emerson
• Fuji Electric Co. Ltd
• Hitachi
• Legrand
• Rockwell Automation
• Schneider Electric
• Siemens
• Toshiba Corporation
• Weg
• Yaskawa

What's New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year