Latest research report on “LV and MV Switchgear Market” now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis. An exclusive data offered in this report is collected by research and industry experts team.
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In general, switchgears are the switching devices that form the backbone of modern electrical distribution systems. According to IEC 60947, switchgears with rated voltages up to 1000 V ac and 1500 V dc are termed as low voltage (LV) switchgear, and medium voltage (MV) switchgear is ranged from 1000V ac rating up to 36 KV and 40.5 KV in term of IEC 62271.
This report contains market size and forecasts of LV and MV Switchgear in global, including the following market information:
Global LV and MV Switchgear Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global LV and MV Switchgear Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five LV and MV Switchgear companies in 2021 (%)
The global LV and MV Switchgear market was valued at 59380 million in 2021 and is projected to reach US$ 84490 million by 2028, at a CAGR of 5.2% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
LV Switchgear Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of LV and MV Switchgear include ABB, Schneider Electric, EATON, Mitsubishi Electric, SIEMENS, Hyundai Heavy Industries, Hyosung, Toshiba and CHINT, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the LV and MV Switchgear manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global LV and MV Switchgear Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global LV and MV Switchgear Market Segment Percentages, by Type, 2021 (%)
– LV Switchgear
– MV Switchgear
Global LV and MV Switchgear Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global LV and MV Switchgear Market Segment Percentages, by Application, 2021 (%)
– Residential and Commercial Buildings
– Infrastructure and utilities
– Power Station
– Data Center
Global LV and MV Switchgear Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global LV and MV Switchgear Market Segment Percentages, By Region and Country, 2021 (%)
– North America
– – US
– – Canada
– – Mexico
– – Germany
– – France
– – U.K.
– – Italy
– – Russia
– – Nordic Countries
– – Benelux
– – Rest of Europe
– – China
– – Japan
– – South Korea
– – Southeast Asia
– – India
– – Rest of Asia
– South America
– – Brazil
– – Argentina
– – Rest of South America
– Middle East & Africa
– – Turkey
– – Israel
– – Saudi Arabia
– – UAE
– – Rest of Middle East & Africa
The report also provides analysis of leading market participants including:
Key companies LV and MV Switchgear revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies LV and MV Switchgear revenues share in global market, 2021 (%)
Key companies LV and MV Switchgear sales in global market, 2017-2022 (Estimated), (K Units)
Key companies LV and MV Switchgear sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
– Schneider Electric
– Mitsubishi Electric
– Hyundai Heavy Industries
– WECOME INTELLIGENT MANUFACTURING CO.,LTD
– Fuji Electric
– Sunrise Group
– Shenyang high voltage complete switch co., LTD.
– LANZHOU GREAT WALL ELECTRICAL CO.,LTD
– Huayi Electric Co., Ltd.
– Meidensha Corporation
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