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Global LV and MV Switchgear Market Size, Manufacturers, Opportunities and Forecast to 2030

April 2024 | 119 pages | ID: GF69D065C78AEN
APO Research

US$ 3,450.00

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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.

According to APO Research, The global LV and MV Switchgear market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

The main global LV and MV Switchgear manufacturers include ABB, Schneider Electric, EATON, Mitsubishi Electric, SIEMENS, etc. The top five LV and MV Switchgear manufacturers account for approximately 23% of the total global market. China is the largest consumer market for LV and MV Switchgear, accounting for about 26%, followed by Europe and North America. In terms of product, MV switchgear is the largest segment, with a share about 59%. And in terms of application, the largest application is Residential and Commercial Buildings, followed by Infrastructure and utilities.

Report Scope

This report aims to provide a comprehensive presentation of the global market for LV and MV Switchgear, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding LV and MV Switchgear.

The LV and MV Switchgear market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global LV and MV Switchgear market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:
  • ABB
  • Schneider Electric
  • EATON
  • Mitsubishi Electric
  • SIEMENS
  • Hyundai Heavy Industries
  • Hyosung
  • Toshiba
  • CHINT
  • WECOME INTELLIGENT MANUFACTURING CO.,LTD
  • Fuji Electric
  • LSIS
  • Sunrise Group
  • Shenyang high voltage complete switch co., LTD.
  • LANZHOU GREAT WALL ELECTRICAL CO.,LTD
  • Huayi Electric Co., Ltd.
  • Meidensha Corporation
LV and MV Switchgear segment by Type
  • LV Switchgear
  • MV Switchgear
LV and MV Switchgear segment by Application
  • Residential and Commercial Buildings
  • Infrastructure and utilities
  • Power Station
  • Petrochemical
  • Data Center
  • Others
LV and MV Switchgear Segment by Region
  • North America
  • United States
  • Canada
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia
  • Latin America
  • Mexico
  • Brazil
  • Argentina
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE
Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global LV and MV Switchgear market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of LV and MV Switchgear and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market

5. This report helps stakeholders to gain insights into which regions to target globally

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of LV and MV Switchgear.

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 3: Detailed analysis of LV and MV Switchgear manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter 4: Sales, revenue of LV and MV Switchgear in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.

Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.

Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.

Chapter 13: Concluding Insights of the report.
1 MARKET OVERVIEW

1.1 Product Definition
1.2 Global Market Growth Prospects
  1.2.1 Global LV and MV Switchgear Market Size Estimates and Forecasts (2019-2030)
  1.2.2 Global LV and MV Switchgear Sales Estimates and Forecasts (2019-2030)
1.3 LV and MV Switchgear Market by Type
  1.3.1 LV Switchgear
  1.3.2 MV Switchgear
1.4 Global LV and MV Switchgear Market Size by Type
  1.4.1 Global LV and MV Switchgear Market Size Overview by Type (2019-2030)
  1.4.2 Global LV and MV Switchgear Historic Market Size Review by Type (2019-2024)
  1.4.3 Global LV and MV Switchgear Forecasted Market Size by Type (2025-2030)
1.5 Key Regions Market Size by Type
  1.5.1 North America LV and MV Switchgear Sales Breakdown by Type (2019-2024)
  1.5.2 Europe LV and MV Switchgear Sales Breakdown by Type (2019-2024)
  1.5.3 Asia-Pacific LV and MV Switchgear Sales Breakdown by Type (2019-2024)
  1.5.4 Latin America LV and MV Switchgear Sales Breakdown by Type (2019-2024)
  1.5.5 Middle East and Africa LV and MV Switchgear Sales Breakdown by Type (2019-2024)

2 GLOBAL MARKET DYNAMICS

2.1 LV and MV Switchgear Industry Trends
2.2 LV and MV Switchgear Industry Drivers
2.3 LV and MV Switchgear Industry Opportunities and Challenges
2.4 LV and MV Switchgear Industry Restraints

3 MARKET COMPETITIVE LANDSCAPE BY COMPANY

3.1 Global Top Players by LV and MV Switchgear Revenue (2019-2024)
3.2 Global Top Players by LV and MV Switchgear Sales (2019-2024)
3.3 Global Top Players by LV and MV Switchgear Price (2019-2024)
3.4 Global LV and MV Switchgear Industry Company Ranking, 2022 VS 2023 VS 2024
3.5 Global LV and MV Switchgear Key Company Manufacturing Sites & Headquarters
3.6 Global LV and MV Switchgear Company, Product Type & Application
3.7 Global LV and MV Switchgear Company Commercialization Time
3.8 Market Competitive Analysis
  3.8.1 Global LV and MV Switchgear Market CR5 and HHI
  3.8.2 Global Top 5 and 10 LV and MV Switchgear Players Market Share by Revenue in 2023
  3.8.3 2023 LV and MV Switchgear Tier 1, Tier 2, and Tier

4 LV AND MV SWITCHGEAR REGIONAL STATUS AND OUTLOOK

4.1 Global LV and MV Switchgear Market Size and CAGR by Region: 2019 VS 2023 VS 2030
4.2 Global LV and MV Switchgear Historic Market Size by Region
  4.2.1 Global LV and MV Switchgear Sales in Volume by Region (2019-2024)
  4.2.2 Global LV and MV Switchgear Sales in Value by Region (2019-2024)
  4.2.3 Global LV and MV Switchgear Sales (Volume & Value), Price and Gross Margin (2019-2024)
4.3 Global LV and MV Switchgear Forecasted Market Size by Region
  4.3.1 Global LV and MV Switchgear Sales in Volume by Region (2025-2030)
  4.3.2 Global LV and MV Switchgear Sales in Value by Region (2025-2030)
  4.3.3 Global LV and MV Switchgear Sales (Volume & Value), Price and Gross Margin (2025-2030)

5 LV AND MV SWITCHGEAR BY APPLICATION

5.1 LV and MV Switchgear Market by Application
  5.1.1 Residential and Commercial Buildings
  5.1.2 Infrastructure and utilities
  5.1.3 Power Station
  5.1.4 Petrochemical
  5.1.5 Data Center
  5.1.6 Others
5.2 Global LV and MV Switchgear Market Size by Application
  5.2.1 Global LV and MV Switchgear Market Size Overview by Application (2019-2030)
  5.2.2 Global LV and MV Switchgear Historic Market Size Review by Application (2019-2024)
  5.2.3 Global LV and MV Switchgear Forecasted Market Size by Application (2025-2030)
5.3 Key Regions Market Size by Application
  5.3.1 North America LV and MV Switchgear Sales Breakdown by Application (2019-2024)
  5.3.2 Europe LV and MV Switchgear Sales Breakdown by Application (2019-2024)
  5.3.3 Asia-Pacific LV and MV Switchgear Sales Breakdown by Application (2019-2024)
  5.3.4 Latin America LV and MV Switchgear Sales Breakdown by Application (2019-2024)
  5.3.5 Middle East and Africa LV and MV Switchgear Sales Breakdown by Application (2019-2024)

6 COMPANY PROFILES

6.1 ABB
  6.1.1 ABB Comapny Information
  6.1.2 ABB Business Overview
  6.1.3 ABB LV and MV Switchgear Sales, Revenue and Gross Margin (2019-2024)
  6.1.4 ABB LV and MV Switchgear Product Portfolio
  6.1.5 ABB Recent Developments
6.2 Schneider Electric
  6.2.1 Schneider Electric Comapny Information
  6.2.2 Schneider Electric Business Overview
  6.2.3 Schneider Electric LV and MV Switchgear Sales, Revenue and Gross Margin (2019-2024)
  6.2.4 Schneider Electric LV and MV Switchgear Product Portfolio
  6.2.5 Schneider Electric Recent Developments
6.3 EATON
  6.3.1 EATON Comapny Information
  6.3.2 EATON Business Overview
  6.3.3 EATON LV and MV Switchgear Sales, Revenue and Gross Margin (2019-2024)
  6.3.4 EATON LV and MV Switchgear Product Portfolio
  6.3.5 EATON Recent Developments
6.4 Mitsubishi Electric
  6.4.1 Mitsubishi Electric Comapny Information
  6.4.2 Mitsubishi Electric Business Overview
  6.4.3 Mitsubishi Electric LV and MV Switchgear Sales, Revenue and Gross Margin (2019-2024)
  6.4.4 Mitsubishi Electric LV and MV Switchgear Product Portfolio
  6.4.5 Mitsubishi Electric Recent Developments
6.5 SIEMENS
  6.5.1 SIEMENS Comapny Information
  6.5.2 SIEMENS Business Overview
  6.5.3 SIEMENS LV and MV Switchgear Sales, Revenue and Gross Margin (2019-2024)
  6.5.4 SIEMENS LV and MV Switchgear Product Portfolio
  6.5.5 SIEMENS Recent Developments
6.6 Hyundai Heavy Industries
  6.6.1 Hyundai Heavy Industries Comapny Information
  6.6.2 Hyundai Heavy Industries Business Overview
  6.6.3 Hyundai Heavy Industries LV and MV Switchgear Sales, Revenue and Gross Margin (2019-2024)
  6.6.4 Hyundai Heavy Industries LV and MV Switchgear Product Portfolio
  6.6.5 Hyundai Heavy Industries Recent Developments
6.7 Hyosung
  6.7.1 Hyosung Comapny Information
  6.7.2 Hyosung Business Overview
  6.7.3 Hyosung LV and MV Switchgear Sales, Revenue and Gross Margin (2019-2024)
  6.7.4 Hyosung LV and MV Switchgear Product Portfolio
  6.7.5 Hyosung Recent Developments
6.8 Toshiba
  6.8.1 Toshiba Comapny Information
  6.8.2 Toshiba Business Overview
  6.8.3 Toshiba LV and MV Switchgear Sales, Revenue and Gross Margin (2019-2024)
  6.8.4 Toshiba LV and MV Switchgear Product Portfolio
  6.8.5 Toshiba Recent Developments
6.9 CHINT
  6.9.1 CHINT Comapny Information
  6.9.2 CHINT Business Overview
  6.9.3 CHINT LV and MV Switchgear Sales, Revenue and Gross Margin (2019-2024)
  6.9.4 CHINT LV and MV Switchgear Product Portfolio
  6.9.5 CHINT Recent Developments
6.10 WECOME INTELLIGENT MANUFACTURING CO.,LTD
  6.10.1 WECOME INTELLIGENT MANUFACTURING CO.,LTD Comapny Information
  6.10.2 WECOME INTELLIGENT MANUFACTURING CO.,LTD Business Overview
  6.10.3 WECOME INTELLIGENT MANUFACTURING CO.,LTD LV and MV Switchgear Sales, Revenue and Gross Margin (2019-2024)
  6.10.4 WECOME INTELLIGENT MANUFACTURING CO.,LTD LV and MV Switchgear Product Portfolio
  6.10.5 WECOME INTELLIGENT MANUFACTURING CO.,LTD Recent Developments
6.11 Fuji Electric
  6.11.1 Fuji Electric Comapny Information
  6.11.2 Fuji Electric Business Overview
  6.11.3 Fuji Electric LV and MV Switchgear Sales, Revenue and Gross Margin (2019-2024)
  6.11.4 Fuji Electric LV and MV Switchgear Product Portfolio
  6.11.5 Fuji Electric Recent Developments
6.12 LSIS
  6.12.1 LSIS Comapny Information
  6.12.2 LSIS Business Overview
  6.12.3 LSIS LV and MV Switchgear Sales, Revenue and Gross Margin (2019-2024)
  6.12.4 LSIS LV and MV Switchgear Product Portfolio
  6.12.5 LSIS Recent Developments
6.13 Sunrise Group
  6.13.1 Sunrise Group Comapny Information
  6.13.2 Sunrise Group Business Overview
  6.13.3 Sunrise Group LV and MV Switchgear Sales, Revenue and Gross Margin (2019-2024)
  6.13.4 Sunrise Group LV and MV Switchgear Product Portfolio
  6.13.5 Sunrise Group Recent Developments
6.14 Shenyang high voltage complete switch co., LTD.
  6.14.1 Shenyang high voltage complete switch co., LTD. Comapny Information
  6.14.2 Shenyang high voltage complete switch co., LTD. Business Overview
  6.14.3 Shenyang high voltage complete switch co., LTD. LV and MV Switchgear Sales, Revenue and Gross Margin (2019-2024)
  6.14.4 Shenyang high voltage complete switch co., LTD. LV and MV Switchgear Product Portfolio
  6.14.5 Shenyang high voltage complete switch co., LTD. Recent Developments
6.15 LANZHOU GREAT WALL ELECTRICAL CO.,LTD
  6.15.1 LANZHOU GREAT WALL ELECTRICAL CO.,LTD Comapny Information
  6.15.2 LANZHOU GREAT WALL ELECTRICAL CO.,LTD Business Overview
  6.15.3 LANZHOU GREAT WALL ELECTRICAL CO.,LTD LV and MV Switchgear Sales, Revenue and Gross Margin (2019-2024)
  6.15.4 LANZHOU GREAT WALL ELECTRICAL CO.,LTD LV and MV Switchgear Product Portfolio
  6.15.5 LANZHOU GREAT WALL ELECTRICAL CO.,LTD Recent Developments
6.16 Huayi Electric Co., Ltd.
  6.16.1 Huayi Electric Co., Ltd. Comapny Information
  6.16.2 Huayi Electric Co., Ltd. Business Overview
  6.16.3 Huayi Electric Co., Ltd. LV and MV Switchgear Sales, Revenue and Gross Margin (2019-2024)
  6.16.4 Huayi Electric Co., Ltd. LV and MV Switchgear Product Portfolio
  6.16.5 Huayi Electric Co., Ltd. Recent Developments
6.17 Meidensha Corporation
  6.17.1 Meidensha Corporation Comapny Information
  6.17.2 Meidensha Corporation Business Overview
  6.17.3 Meidensha Corporation LV and MV Switchgear Sales, Revenue and Gross Margin (2019-2024)
  6.17.4 Meidensha Corporation LV and MV Switchgear Product Portfolio
  6.17.5 Meidensha Corporation Recent Developments

7 NORTH AMERICA BY COUNTRY

7.1 North America LV and MV Switchgear Sales by Country
  7.1.1 North America LV and MV Switchgear Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  7.1.2 North America LV and MV Switchgear Sales by Country (2019-2024)
  7.1.3 North America LV and MV Switchgear Sales Forecast by Country (2025-2030)
7.2 North America LV and MV Switchgear Market Size by Country
  7.2.1 North America LV and MV Switchgear Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  7.2.2 North America LV and MV Switchgear Market Size by Country (2019-2024)
  7.2.3 North America LV and MV Switchgear Market Size Forecast by Country (2025-2030)

8 EUROPE BY COUNTRY

8.1 Europe LV and MV Switchgear Sales by Country
  8.1.1 Europe LV and MV Switchgear Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  8.1.2 Europe LV and MV Switchgear Sales by Country (2019-2024)
  8.1.3 Europe LV and MV Switchgear Sales Forecast by Country (2025-2030)
8.2 Europe LV and MV Switchgear Market Size by Country
  8.2.1 Europe LV and MV Switchgear Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  8.2.2 Europe LV and MV Switchgear Market Size by Country (2019-2024)
  8.2.3 Europe LV and MV Switchgear Market Size Forecast by Country (2025-2030)

9 ASIA-PACIFIC BY COUNTRY

9.1 Asia-Pacific LV and MV Switchgear Sales by Country
  9.1.1 Asia-Pacific LV and MV Switchgear Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  9.1.2 Asia-Pacific LV and MV Switchgear Sales by Country (2019-2024)
  9.1.3 Asia-Pacific LV and MV Switchgear Sales Forecast by Country (2025-2030)
9.2 Asia-Pacific LV and MV Switchgear Market Size by Country
  9.2.1 Asia-Pacific LV and MV Switchgear Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  9.2.2 Asia-Pacific LV and MV Switchgear Market Size by Country (2019-2024)
  9.2.3 Asia-Pacific LV and MV Switchgear Market Size Forecast by Country (2025-2030)

10 LATIN AMERICA BY COUNTRY

10.1 Latin America LV and MV Switchgear Sales by Country
  10.1.1 Latin America LV and MV Switchgear Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  10.1.2 Latin America LV and MV Switchgear Sales by Country (2019-2024)
  10.1.3 Latin America LV and MV Switchgear Sales Forecast by Country (2025-2030)
10.2 Latin America LV and MV Switchgear Market Size by Country
  10.2.1 Latin America LV and MV Switchgear Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  10.2.2 Latin America LV and MV Switchgear Market Size by Country (2019-2024)
  10.2.3 Latin America LV and MV Switchgear Market Size Forecast by Country (2025-2030)

11 MIDDLE EAST AND AFRICA BY COUNTRY

11.1 Middle East and Africa LV and MV Switchgear Sales by Country
  11.1.1 Middle East and Africa LV and MV Switchgear Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  11.1.2 Middle East and Africa LV and MV Switchgear Sales by Country (2019-2024)
  11.1.3 Middle East and Africa LV and MV Switchgear Sales Forecast by Country (2025-2030)
11.2 Middle East and Africa LV and MV Switchgear Market Size by Country
  11.2.1 Middle East and Africa LV and MV Switchgear Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  11.2.2 Middle East and Africa LV and MV Switchgear Market Size by Country (2019-2024)
  11.2.3 Middle East and Africa LV and MV Switchgear Market Size Forecast by Country (2025-2030)

12 VALUE CHAIN AND SALES CHANNELS ANALYSIS

12.1 LV and MV Switchgear Value Chain Analysis
  12.1.1 LV and MV Switchgear Key Raw Materials
  12.1.2 Key Raw Materials Price
  12.1.3 Raw Materials Key Suppliers
  12.1.4 Manufacturing Cost Structure
  12.1.5 LV and MV Switchgear Production Mode & Process
12.2 LV and MV Switchgear Sales Channels Analysis
  12.2.1 Direct Comparison with Distribution Share
  12.2.2 LV and MV Switchgear Distributors
  12.2.3 LV and MV Switchgear Customers

13 CONCLUDING INSIGHTS

14 APPENDIX

14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
  14.5.1 Secondary Sources
  14.5.2 Primary Sources
14.6 Disclaimer


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