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Low Voltage (LV) Switchgear Market Share

Report ID: GMI243
Published Date: Jul 2024
Report Format: PDF

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Low Voltage Switchgear Market Share

Low Voltage Switchgear Market Company Share Analysis, 2023

Companies like ABB, Hitachi, and General Electric hold significant market share in the low voltage switchgear industry due to their extensive experience, strong technological capabilities, and comprehensive product portfolios. They consistently invest in research and development to innovate and enhance their offerings.

Low Voltage Switchgear Market Companies

ABB
Chint Group
E + I Engineering
Eaton Corporation
Fuji Electric Co., Ltd.
Hitachi Ltd.
Hyosung Corporation
Hyundai Electric & Energy Systems Co., Ltd.
Lucy Group Ltd.
Mitsubishi Electric Corporation
Powell Industries
Regal Rexnord Corporation
Siemens
Skema S.p.A.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

Global low voltage switchgear industry was valued at USD 79.6 billion in 2023 and is anticipated to register 8.1% CAGR between 2024 and 2032, driven by expansion of micro grid networks and rising peak load demand.

The circuit breaker segment in the market is expected to reach USD 104 billion by 2032 owing to the increasing demand for reliable and efficient power distribution and protection solutions.

Asia Pacific low voltage switchgear market is anticipated to surpass USD 64.3 billion by 2032 due to the rapid urbanization, industrial growth, and increasing infrastructure development.

ABB, Chint Group, E + I Engineering, Eaton Corporation, Fuji Electric Co., Ltd., Hitachi Ltd., Hyosung Corporation, Hyundai Electric & Energy Systems Co., Ltd., Lucy Group Ltd., Mitsubishi Electric Corporation, and Powell Industries, among others.