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Low Voltage Switchgear Global Market Report 2021: COVID-19 Impact and Recovery to 2030

  • ID: 5323106
  • Report
  • May 2021
  • Region: Global
  • The Business Research Company

FEATURED COMPANIES

  • ABB Limited
  • E + I Engineering Ltd.
  • Hager
  • Hubbell Power Systems
  • Norelco Oy
  • Siemens AG
Low Voltage Switchgear Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global low voltage switchgear market as it emerges from the COVID-19 shut down.







Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the low voltage switchgear (≤1kv)? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Low Voltage Switchgear market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider low voltage switchgear market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The low voltage switchgear market section of the report gives context. It compares the low voltage switchgear market with other segments of the low voltage switchgear market by size and growth, historic and forecast.

Scope

Markets Covered:

1) By Product: Fixed Mounting; Plug-in; Withdrawable Unit 2) By End User: Residential; Commercial; Industrial 3) By Voltage Rating: Less than 250V; 250-750V; 751-1000V 4) By Installation: Indoor; Outdoor

Companies Mentioned: ABB Limited; Al Hassan Engineering Co. S.A.O.G.; E + I Engineering Ltd.; Eaton Corporation; Fuji Electric

Countries: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA and Australia

Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Time series: Five years historic and forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, per capita expenditure.

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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Frequently Asked Questions about the Global Low Voltage Switchgear Market

What is the estimated value of the Global Low Voltage Switchgear Market?

The Global Low Voltage Switchgear Market was estimated to be valued at $49.1 billion in 2021.

What is the growth rate of the Global Low Voltage Switchgear Market?

The growth rate of the Global Low Voltage Switchgear Market is 7.9%, with an estimated value of $66.6 billion by 2025.

What is the forecasted size of the Global Low Voltage Switchgear Market?

The Global Low Voltage Switchgear Market is estimated to be worth $66.6 billion by 2025.

Who are the key companies in the Global Low Voltage Switchgear Market?

Key companies in the Global Low Voltage Switchgear Market include ABB Limited, Al Hassan Engineering Co. S.A.O.G., E + I Engineering Ltd., Eaton Corporation, Fuji Electric, General Electric, Hitachi Limited, Hubbell Power Systems and Hyundai Electric & Energy Systems.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Limited
  • E + I Engineering Ltd.
  • Hager
  • Hubbell Power Systems
  • Norelco Oy
  • Siemens AG

1. Executive Summary2. Low Voltage Switchgear Market Characteristics3. Low Voltage Switchgear Market Trends and Strategies4. Impact of COVID-19 on Low Voltage Switchgear
5. Low Voltage Switchgear Market Size and Growth
5.1. Global Low Voltage Switchgear Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Low Voltage Switchgear Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Low Voltage Switchgear Market Segmentation
6.1. Global Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Fixed Mounting
  • Plug-in
  • Withdrawable Unit
6.2. Global Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Residential
  • Commercial
  • Industrial
6.3. Global Low Voltage Switchgear Market, Segmentation by Voltage Rating, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Less than50V
50-750V
751-1000V
6.4. Global Low Voltage Switchgear Market, Segmentation by Installation, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Indoor
  • Outdoor

7. Low Voltage Switchgear Market Regional and Country Analysis
7.1. Global Low Voltage Switchgear Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Low Voltage Switchgear Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8. Asia-Pacific Low Voltage Switchgear Market
8.1. Asia-Pacific Low Voltage Switchgear Market Overview
  • Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
9. China Low Voltage Switchgear Market
9.1. China Low Voltage Switchgear Market Overview
9.2. China Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
10. India Low Voltage Switchgear Market
10.1. India Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11. Japan Low Voltage Switchgear Market
11.1. Japan Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Australia Low Voltage Switchgear Market
12.1. Australia Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13. Indonesia Low Voltage Switchgear Market
13.1. Indonesia Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14. South Korea Low Voltage Switchgear Market
14.1. South Korea Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15. Western Europe Low Voltage Switchgear Market
15.1. Western Europe Low Voltage Switchgear Market Overview
15.2. Western Europe Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16. UK Low Voltage Switchgear Market
16.1. UK Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17. Germany Low Voltage Switchgear Market
17.1. Germany Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18. France Low Voltage Switchgear Market
18.4. France Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.5. France Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19. Eastern Europe Low Voltage Switchgear Market
19.1. Eastern Europe Low Voltage Switchgear Market Overview
19.2. Eastern Europe Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20. Russia Low Voltage Switchgear Market
20.1. Russia Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21. North America Low Voltage Switchgear Market
21.1. North America Low Voltage Switchgear Market Overview
21.2. North America Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22. USA Low Voltage Switchgear Market
22.1. USA Low Voltage Switchgear Market Overview
22.2. USA Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23. South America Low Voltage Switchgear Market
23.1. South America Low Voltage Switchgear Market Overview
23.2. South America Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24. Brazil Low Voltage Switchgear Market
24.1. Brazil Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25. Middle East Low Voltage Switchgear Market
25.1. Middle East Low Voltage Switchgear Market Overview
25.2. Middle East Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26. Africa Low Voltage Switchgear Market
26.1. Africa Low Voltage Switchgear Market Overview
26.2. Africa Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
27. Low Voltage Switchgear Market Competitive Landscape and Company Profiles
27.1. Low Voltage Switchgear Market Competitive Landscape
27.2. Low Voltage Switchgear Market Company Profiles
27.2.1. ABB Limited
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Al Hassan Engineering Co. S.A.O.G.
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. E + I Engineering Ltd.
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Eaton Corporation
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Fuji Electric
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
29. Key Mergers and Acquisitions in the Low Voltage Switchgear Market29. Low Voltage Switchgear Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Limited
  • E + I Engineering Ltd.
  • Hager
  • Hubbell Power Systems
  • Norelco Oy
  • Siemens AG
Major players in the low voltage switchgear market are ABB Limited, Al Hassan Engineering Co. S.A.O.G., E + I Engineering Ltd., Eaton Corporation, Fuji Electric, General Electric, Hitachi Limited, Hubbell Power Systems, Hyosung Corporation and Hyundai Electric & Energy Systems.

The global low voltage switchgear market is expected to grow from $45.4 billion in 2020 to $49.07 billion in 2021 at a compound annual growth rate (CAGR) of 8.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $66.63 billion in 2025 at a CAGR of 8%.

The low voltage switchgear market consists of sales of low voltage switchgears (≤1KV) and related services that manufacture low voltage switchgears which are electrical switchgear rated up to 1KV. Low voltage switchgear is used in low voltage distribution board and it includes low voltage circuit breakers, switches, off load electrical isolators and earth leakage circuit breaker to protect the low voltage system.

The demand for electricity generation is projected to drive the low voltage switchgear market. Development of industrialization, urbanization requires continuous electricity supply, and reliability of the electrical supply depends heavily on the performance of the switchgear. Production of energy is a sustainable growth with demand in rural and urban areas with ongoing improvements to the integration of protection of supply, will drive industry growth. For instance, in 2019, as per a research study, Indian government is working on two of the most vital electrification projects that are the ‘Pradhan Mantri Sahaj Bijli Har Ghar Yojana’ and the ‘Deen Dayal Upadhyaya Gram Jyoti Yojana’ to provide electricity with a budget allocation of $6.98 billion (INR.50,000 crores) for the project.

Unpredictable economic conditions in commercial and residential sectors is hindering the market growth. Increasing prices of raw materials and limited flow of investments in energy sector acts as a restraint for the market. For instance, in April 2019, as per The Economic Times news, India’s economy slowed down to 6.6% in Oct-Dec 2018 quarter compared to past six quarters due to sluggish industrial activities from construction, factories and commercial firms, as they consume about half the country’s electricity. Thereby, uncertain economic situation significantly affects the growth of the low voltage switchgear market.

The low voltage switchgear market covered in this report is segmented by product into fixed mounting, plug-in and withdrawable unit and by end user into residential, commercial and industrial.

Development of digital switchgear has become an emerging trend in the low voltage switchgear market. Digital switchgears use the collected information to analyse performance of current levels, temperature, operating cycles and load levels that helps in improving the performance and reliability of switchgears. Smart switchgears allow grid optimization, improved quality, and reduce both transmission and operating losses. For instance, in 2019, ABB group introduced low-voltage digital switchgear which monitors and enables safe, flexible and smart electrical distribution. Therefore, digital switchgear is expected to gain popularity in the low voltage switchgear market.

In December 2018, Hitachi Ltd., a Japanese based multinational conglomerate company, announced its decision to acquire 80.1% stake of ABB’s power grids unit for $11 billion. Acquisition of ABB’s power grids will strengthen Hitachi Ltd. in market of power transmission and distribution. ABB power grid, a Switzerland based company known for power transformers, long-distance transmission systems, and for designing energy storage units.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ABB Limited
  • Al Hassan Engineering Co. S.A.O.G.
  • E + I Engineering Ltd.
  • Eaton Corporation
  • Fuji Electric
  • General Electric
  • Hitachi Limited
  • Hubbell Power Systems
  • Hyosung Corporation
  • Hyundai Electric & Energy Systems
  • L&T Electrical and Automation
  • Mitsubishi Electric Corporation
  • Schneider Electric
  • Siemens AG
  • Skema S.p.A.
  • Norelco Oy
  • Rittal
  • Lucy Electric UK Ltd.
  • START Electrical Switchgear Assembly LLC.
  • Powell Industries
  • C&S Electric
  • CHINT Group
  • COELME S.p.A
  • Guangdong Zhujiang Low voltage switchgear
  • HPL India
  • Hager
  • Hangzhou Zhijiang Low voltage switchgear
  • Havells
  • Teraski
  • LSIS
  • Toshiba Corporation
Note: Product cover images may vary from those shown

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