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Low Voltage Switchgear Global Market Report 2024

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    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5939740

Quick Summary:

In an era of rapid technological innovation and surging energy needs, the low voltage switchgear market remains a critical domain for the safe and efficient distribution of electricity. Recognizing the essential role of low voltage switchgear in powering residential, commercial, and industrial infrastructures, our comprehensive market research report provides an invaluable resource for discerning senior business executives poised to make strategic decisions.

This meticulously crafted analysis not only delves into the current market landscape but also equips you with foresight into the evolving trends and drivers. It offers a rich tapestry of insights into government initiatives, technological advancements, and burgeoning investment opportunities that are shaping the future of the low voltage switchgear industry. With the sector's substantial growth potential and the increasing importance of robust electrical systems worldwide, the report serves as an indispensable guide to navigating the complex market dynamics and unlocking growth avenues for your business.

The low voltage switchgear market size has grown strongly in recent years. It will grow from $30.92 billion in 2023 to $33.35 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth observed in the historical period can be attributed to several factors, including a rise in power consumption, government initiatives supporting the sector, technological advancements, economic growth in emerging markets, and an increase in investments in the low voltage switchgear industry.

The low voltage switchgear market size is expected to see strong growth in the next few years. It will grow to $43.83 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The anticipated growth in the forecast period can be attributed to the growing demand for electricity, the increasing use of electricity in transportation, rising investments in renewable energy, and a heightened demand for electricity from the manufacturing sectors. Noteworthy trends expected in this period include a focus on offering premium low voltage switchgear, deploying new technologies, producing energy-efficient products, and emphasizing strategic partnerships and collaborations.

The low voltage switchgear market is poised for growth, driven by the increasing demand for electricity generation. The continuous need for electricity supply, particularly in the context of industrialization and urbanization, underscores the importance of reliable electrical infrastructure. Sustainable growth in energy production, coupled with the ongoing enhancements in supply protection, is expected to boost industry expansion. As of January 2022, the International Energy Agency reported a 6% global increase in electricity demand in 2021, with China experiencing a notable rise from 296 TWh in 2020 to 744 TWh in 2021. This surge in electricity demand is anticipated to drive the demand for low voltage switchgear.

The growth of the low-voltage switchgear market is further propelled by the escalating demand for data centers. These specialized facilities, crucial for various applications such as cloud computing and e-commerce, rely on low-voltage switchgear for efficient power distribution and protection against electrical disturbances. Notably, the Korea Data Center Council reported a substantial increase in the overall capacity of colocation data centers in Korea. Projections indicate further growth in the Asia-Pacific region, emphasizing the pivotal role of low-voltage switchgear in catering to the rising demand for data centers.

Major companies in the low-voltage switchgear market are introducing IoT-enabled solutions. These innovations, equipped with Internet of Things (IoT) technology, enable remote monitoring and control of electrical systems within buildings. For instance, Elmeasure, an India-based energy management company, launched a range of IoT-enabled low-voltage switchgear, including automatic transfer switches (ATeS), to enhance energy efficiency and operational effectiveness. ATeS serves as an advanced power reliability protection solution, safeguarding mission-critical facilities from power uncertainties.

Strategic partnerships are becoming a key avenue for companies to expand their global presence in the low-voltage switchgear market. In September 2021, Eaton Corporation PLC partnered with Electrotrade Industries Inc. in the Philippines to introduce xEnergy low-voltage switchgear solutions. Electrotrade Industries became the exclusive distributor of Eaton's xEnergy switchboard system in the country, offering a range of electrical solutions for industrial, hospital, and data center applications. This partnership also granted Electrotrade Industries distribution rights for Eaton's circuit protection and control products.

In March 2021 , Siemens India's acquisition of C&S Electric for $252 million (INR 2,100 crore) exemplifies strategic moves within the low-voltage switchgear market. C&S Electric Limited, an India-based manufacturer of low-voltage switchgear, including circuit breakers and industrial sockets, presents Siemens India with significant business opportunities.

Major companies operating in the low voltage switchgear market report are ABB, Siemens, Hitachi, Mitsubishi Electric, Schneider Electric SE, Eaton, Fuji Electric Co Ltd., Hyundai Electric, Chint Group, Hyosung, Ls Electric Co. Ltd., Noja Power, Meidensha, Toshiba, Nissin Electric, Shihlin Electric, Chem, Fortune Electric, Anchor Electricals Pvt Ltd., Havells India Ltd., Cg Power And Industrial Solutions Limited (Crompton Greaves), Orecco Electric, Tamco, Lan Electrical Limited, Tenaga Switchgear, Lucy Electric, Bmc Manufacturing, Twyver Switchgear, Alstom, Switchgear Company Nv (Sgc), Electroshield Samara, S&C Electric Company, Powell Industries, G&W Electric, Abunayyan Holding Company, Tiepco, Wahah Electric Supply Company Of Saudi Arabia Ltd., Kfb Holding Group, Afcon , Actom, Matelec Group, Egyptian German Electrical Manufacturing Co.

Asia-Pacific was the largest region in the low voltage switchgear market in 2023. Western Europe was the second-largest region in the low voltage switchgear market share. The regions covered in the low voltage switchgear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the low voltage switchgear market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The main product categories of low voltage switchgear include fixed mounting units, plug-in units, and withdrawable units. Withdrawable switchgear is a type of electrical switchgear that can be withdrawn and reinserted into the switchgear for maintenance or replacement purposes. The products come with voltage ratings, such as less than 250V, 250-750V, and 751-1000V. Low voltage switchgear finds applications among residential, commercial, and industrial end-users.

The low voltage switchgear market research report is one of a series of new reports that provides low voltage switchgear market statistics, including low voltage switchgear industry global market size, regional shares, competitors with a low voltage switchgear market share, detailed low voltage switchgear market segments, market trends and opportunities, and any further data you may need to thrive in the low voltage switchgear industry. This low voltage switchgear market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The low voltage switchgear market consists of sales of low voltage circuit breakers, switches, off load electrical isolators, earth leakage circuit breakers, and other low voltage switchgear. They are used to protect the low voltage system. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Table of Contents

1. Executive Summary2. Low Voltage Switchgear Market Characteristics3. Low Voltage Switchgear Market Trends and Strategies
4. Low Voltage Switchgear Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Low Voltage Switchgear Market Size and Growth
5.1. Global Low Voltage Switchgear Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Low Voltage Switchgear Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Low Voltage Switchgear Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Low Voltage Switchgear Market Segmentation
6.1. Global Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Fixed Mounting
  • Plug-in
  • Withdrawable Unit
6.2. Global Low Voltage Switchgear Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Indoor
  • Outdoor
6.3. Global Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Residential
  • Commercial
  • Industrial
7. Low Voltage Switchgear Market Regional and Country Analysis
7.1. Global Low Voltage Switchgear Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Low Voltage Switchgear Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Low Voltage Switchgear Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Low Voltage Switchgear Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Low Voltage Switchgear Market
10.1. India Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Low Voltage Switchgear Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Low Voltage Switchgear Market
11.1. Japan Low Voltage Switchgear Market Overview
11.2. Japan Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Low Voltage Switchgear Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Low Voltage Switchgear Market
12.1. Australia Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Low Voltage Switchgear Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Low Voltage Switchgear Market
13.1. Indonesia Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Low Voltage Switchgear Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Low Voltage Switchgear Market
14.1. South Korea Low Voltage Switchgear Market Overview
14.2. South Korea Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Low Voltage Switchgear Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Low Voltage Switchgear Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Low Voltage Switchgear Market
16.1. UK Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Low Voltage Switchgear Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Low Voltage Switchgear Market
17.1. Germany Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Low Voltage Switchgear Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Low Voltage Switchgear Market
18.1. France Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Low Voltage Switchgear Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Low Voltage Switchgear Market
19.1. Italy Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Low Voltage Switchgear Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Low Voltage Switchgear Market
20.1. Spain Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Low Voltage Switchgear Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Low Voltage Switchgear Market
21.1. Eastern Europe Low Voltage Switchgear Market Overview
21.2. Eastern Europe Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Low Voltage Switchgear Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Low Voltage Switchgear Market
22.1. Russia Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Low Voltage Switchgear Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Low Voltage Switchgear Market
23.1. North America Low Voltage Switchgear Market Overview
23.2. North America Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Low Voltage Switchgear Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Low Voltage Switchgear Market
24.1. USA Low Voltage Switchgear Market Overview
24.2. USA Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Low Voltage Switchgear Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Low Voltage Switchgear Market
25.1. Canada Low Voltage Switchgear Market Overview
25.2. Canada Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Low Voltage Switchgear Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Low Voltage Switchgear Market
26.1. South America Low Voltage Switchgear Market Overview
26.2. South America Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Low Voltage Switchgear Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Low Voltage Switchgear Market
27.1. Brazil Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Low Voltage Switchgear Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Low Voltage Switchgear Market
28.1. Middle East Low Voltage Switchgear Market Overview
28.2. Middle East Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Low Voltage Switchgear Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Low Voltage Switchgear Market
29.1. Africa Low Voltage Switchgear Market Overview
29.2. Africa Low Voltage Switchgear Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Low Voltage Switchgear Market, Segmentation by Installation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Low Voltage Switchgear Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Low Voltage Switchgear Market Competitive Landscape and Company Profiles
30.1. Low Voltage Switchgear Market Competitive Landscape
30.2. Low Voltage Switchgear Market Company Profiles
30.2.1. ABB
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Siemens
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Hitachi
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Mitsubishi Electric
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Schneider Electric SE
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Low Voltage Switchgear Market Other Major and Innovative Companies
31.1. Eaton
31.2. Fuji Electric Co Ltd
31.3. Hyundai Electric
31.4. Chint Group
31.5. Hyosung
31.6. Ls Electric Co. Ltd
31.7. Noja Power
31.8. Meidensha
31.9. Toshiba
31.10. Nissin Electric
31.11. Shihlin Electric
31.12. Chem
31.13. Fortune Electric
31.14. Anchor Electricals Pvt Ltd
31.15. Havells India Ltd
32. Global Low Voltage Switchgear Market Competitive Benchmarking33. Global Low Voltage Switchgear Market Competitive Dashboard34. Key Mergers and Acquisitions in the Low Voltage Switchgear Market
35. Low Voltage Switchgear Market Future Outlook and Potential Analysis
35.1 Low Voltage Switchgear Market in 2028 - Countries Offering Most New Opportunities
35.2 Low Voltage Switchgear Market in 2028 - Segments Offering Most New Opportunities
35.3 Low Voltage Switchgear Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Low Voltage Switchgear Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on low voltage switchgear market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • 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 shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for low voltage switchgear? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This 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.
  • 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, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the 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 growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter 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.

Report Scope

Markets Covered:
1) By Product: Fixed Mounting; Plug-In; Withdrawable Unit
3) By Voltage Rating: Less Than 250V; 250-750; 751-1000V
2) By End-user: Residential; Commercia; Industrial

Key Companies Mentioned: ABB; Siemens; Hitachi; Mitsubishi Electric; Schneider Electric SE

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

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

Time Series: Five years historic and ten years forecast

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

Data Segmentation: 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

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ABB
  • Siemens
  • Hitachi
  • Mitsubishi Electric
  • Schneider Electric SE
  • Eaton
  • Fuji Electric Co Ltd
  • Hyundai Electric
  • Chint Group
  • Hyosung
  • Ls Electric Co. Ltd
  • Noja Power
  • Meidensha
  • Toshiba
  • Nissin Electric
  • Shihlin Electric
  • Chem
  • Fortune Electric
  • Anchor Electricals Pvt Ltd
  • Havells India Ltd
  • Cg Power And Industrial Solutions Limited (Crompton Greaves)
  • Orecco Electric
  • Tamco
  • Lan Electrical Limited
  • Tenaga Switchgear
  • Lucy Electric
  • Bmc Manufacturing
  • Twyver Switchgear
  • Alstom
  • Switchgear Company Nv (Sgc)
  • Electroshield Samara
  • S&C Electric Company
  • Powell Industries
  • G&W Electric
  • Abunayyan Holding Company
  • Tiepco
  • Wahah Electric Supply Company Of Saudi Arabia Ltd
  • Kfb Holding Group
  • Afcon
  • Actom
  • Matelec Group
  • Egyptian German Electrical Manufacturing Co

Methodology

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