Low Voltage Switchgear Market Size By Protection (Circuit Breakers {ACB, MCCB, MCB, MSP, MPCB}, Fuse {Fuse-Switch Disconnector, Switch Disconnector With Fuse}), By Product (Fixed Mounting, Plug-in, Withdrawable), By Rated Current (≤ 1000 Ampere, 1001 to 5000 Ampere, > 5000 Ampere), By Voltage Rating (≤ 250 Volts, 251 to 750 Volts, > 750 Volts), By Installation (Indoor, Outdoor), By Current (AC, DC), By Application (Substation, Distribution, Power Factor Correction, Sub-Distribution, Motor Control), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, France, Russia, Italy, Austria, Spain, Netherlands, Denmark, Sweden, China, Australia, India, Japan, South Korea, Indonesia, Malaysia, Singapore, Thailand, New Zealand, Philippines, Saudi Arabia, UAE, Qatar, Kuwait, Bahrain, Oman, Turkey, South Africa, Nigeria, Algeria, Egypt, Brazil, Peru And Argentina), Price Trends, Competitive Market Share & Forecast, 2017 – 2024

Published Date: November 2017 | 750 Pages | Report ID: GMI243 Report Format: PDF

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Industry Trends

Low Voltage Switchgear Market for 2016 was valued over USD 11 billion and is set to surpass 16 million annual installation units by 2024.

Europe Low Voltage Switchgear Market Size, By Voltage Rating, 2016 (USD Billion)
Europe Low Voltage Switchgear Market Size, By Voltage Rating, 2016 (USD Billion)


Global low voltage switchgear market is set to witness an appreciable growth subject to escalating spending towards infrastructural development. Rising rural energy demand coupled with ongoing reforms embracing security of supply will positively influence the industry landscape. Furthermore, increasing demand for the re-establishment of distribution networks across war affected nations in the Middle East will thrust the overall product deployment. In 2017, regulators across Japan declared a funding worth USD 16.7 million in line with the UNDP reforms in Iraq. The program primarily aims at the stabilization, recovery and resilience building across the region.

Favourable government norms pertaining to the integration of sustainable energy resources will fuel the LV switchgear market growth. Net metering, Feed in Tariff, subsidies, and tax rebates are few reforms driving renewable adoption across suburban areas which in turn will stimulate the product demand. Furthermore, rapid expansion of micro-grid networks to cater the increasing off-grid energy demand across emerging economies will positively thrust the business outlook.

Low Voltage Switchgear Market, By Protection

Circuit breaker is projected to witness growth over 8% by 2024. Operational safety and ability to reset, pose immense deployment potential across circuits with frequent current outages and upsurge. In addition, the products subject to its wide applicability across industries and utility based installations will further complement the business outlook.

Quick reaction time along with low unit cost when compared to its competitive counterparts favour the deployment of fuses across the LV switchgear market. Furthermore, significant adoption across circuits connecting sensitive electronic devices along with growing demand for LV smart control systems will boost the product penetration.

Low Voltage Switchgear Market, By Product

Fixed mounting in 2016, accounted for over 40% of the global low LV switchgear market share. Lower failure rates along with the incorporation of limited number of adjoining parts have significantly influenced product deployments across the industry landscape. Furthermore, comparatively lower environmental impact when compared to its withdrawable counterparts will stimulate the business growth.

Effective mechanical stability coupled with flexibility for installation will encourage the plug-in LV switchgear market. Ongoing adoption of transportable multifunctional modules across digital substations, offshore windfarms, and railway applications positively influence the product deployment.

Low Voltage Switchgear Market, By Rated Current

The ≤ 1000 Ampere market is set to reach over USD 4 billion by 2024. High end product applicability for power factor correction and across sub-distribution networks will appreciably drive the industry growth. Rapid residential expansion coupled with ongoing commercialization across emerging electricity markets will further augment the product demand.

> 5000 Ampere on account of its high-scale applications across motor control centres along with distribution networks have witnessed significant deployment. In addition, ongoing establishment of private and public substations to cater the growing energy demand across urban and rural areas will further complement the LV switchgear market growth.

Low Voltage Switchgear Market, By Voltage rating

≤ 250 Volt is projected to witness growth over 8% on account of growing inclination towards the adoption of smart low voltage control units across suburban establishments. Basic power correction feature coupled with flexible product applications across elevators, blowers, fans, motors and pumps will stimulate the product demand.

> 750 Volt will witness strong growth owing to their large-scale applications across heavy assembly, semiconductor, automotive, petrochemical, biotech, and pharmaceutical industries. Furthermore, rapid adoption of these units across water treatment plants, airports correctional facilities, critical power applications, and co-generation plants will drive the industry landscape.

Low Voltage Switchgear Market, By Installation

Indoor LV switchgear market is set to grow on account of flourishing real state sector across developing nations. Significant rise in infrastructural investments from private funding institutions along with government aided initiatives will boost the product penetration. Growing space constraints along with ongoing deployment of energy effective distribution infrastructure will further complement the business growth.

Outdoor LV switchgear market share is anticipated to witness appreciable growth owing to the ongoing expansion of utility aided distribution networks. Large scale adoption of distributed generation technologies coupled with rampant industrial expansion will positively influence the business outlook.

Low Voltage Switchgear Market, By Current

High-end voltage handling capacity coupled with lower transmission losses will drive the AC low voltage switchgear market size. In addition, voltage level flexibility along with lesser heat dissipation when operational are few indispensable features escalating the product demand.

Direct current (DC) is projected to grow pertaining to quicker fault clearance ability along with an effective interconnection support for AC circuits. Effective long-range power conductance coupled with ongoing regulatory inclination towards the expansion of DC networks will encourage the product deployment.

Low Voltage Switchgear Market, By Application

Substations in 2016, accounted for over 30% of the global market volume. Growing private institutional provisions coupled with rapid expansion of residential localities will drive the product deployment. Ongoing expansion of micro-grid networks coupled with rapid enhancements pertaining to distributed generation technologies will positively influence the industry growth.

Rapid industrialization along with increasing deployment of motor control circuits across industries and suburban establishments will proliferate the motor control low voltage switchgear industry size. In addition, rapid technological advancements favored by enhancing product flexibilities will further complement the business outlook.

Low Voltage Switchgear Market, By Region

The U.S. market is anticipated to witness growth over 6% by 2024. Regulatory initiatives toward the upgradation and replacement of aging distribution networks along with rising demand for cost effective products will foster the product demand. In 2017, regulators across the U.S. declared an investment worth USD 647 million in line with their Peninsula Corridor Electrification Project across the nation.

For Europe, UK market will witness strong growth owing to favourable government reforms toward renewable integration. Furthermore, rapid deployment of decentralised energy systems along with smart LV control units will drive the industry growth. In 2016, National Grid proposed investments worth USD 5.81 billion towards the expansion and renovation of the electrical grid & pipeline networks across the nation.

Competitive Market Share

Notable participants in the industry include GE, ABB, EATON, Mitsubishi, Schneider, Siemens, Hitachi, Powell, Hubbell, Rittal, Hyosung, Hyundai, Fuji Electric, Larson & Toubro, Skema, Norelco, Powertech Switchgear, START, Al Hassan Group, E+I Engineering Group, and Lucy Electric.

Growing inclination towards the provision of packaged switchgear units along with high-end product customization have been the prime strategy implied by the leading industry participants.

Low Voltage Switchgear Industry Background

Low Voltage Switchgear Market Segmentation

LV switchgear breaks, carries, and makes the normal load current and further clears the electrical fault through metering and regulation of auxiliary parameters across the electrical system. These products are deployed by residential, utility, and industrial customers across substations, distribution & sub-distribution networks, power factor correction and motor control applications.

What Information does this report contain?

Historical data coverage: 2013 to 2016; Growth Projections: 2017 to 2024.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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