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Low Voltage (LV) Switchgear Market Share
- Report ID: GMI243
- Published Date: Apr 2022
- Report Format: PDF
Low Voltage Switchgear Market Share
Major LV switchgear manufacturers include
- Siemens
- ABB
- Hyosung Heavy Industries
- Hitachi Ltd.
- Eaton
- Powell Industries
- Hyundai Electric
- Lucy Group
- E+I Engineering
- Chint Group
- Regal Rexnord Corporation
- Skema S.p.A.
- Fuji Electric Co., Ltd.
Industry players are focusing on product innovations through mergers & acquisitions, strategic collaborations to gain a competitive edge over the others.
Frequently Asked Questions (FAQ) :
The market size of LV switchgear was valued at more than USD 67 billion in 2021 and is expected to witness 8% CAGR during the forecast period of 2022-2030.
Fixed mounting segment size is predicted to cross 7% CAGR through 2030 as these units have limited adjoining parts and low failure rate.
Asia Pacific market forecast will be positively affected by the rising investments in the development of new power generation facilities to meet the regional energy demand.
Organizations, such as ABB, Siemens, Hyosung Heavy Industries, Powell Industries, Eaton, Hitachi Ltd., and Lucy Group, among many others, are the leading manufacturers of low voltage switchgears.
Low Voltage (LV) Switchgear Market Scope
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