Market Overview:
The global low voltage (LV) switchgears market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for LV switchgears from various end-use industries, such as pharmaceuticals, food and beverage, pulp and paper, infrastructure, mining, steel industries and commercial buildings. In addition, the growing awareness about safety and security is also propelling the growth of this market. Based on type, the low voltage circuit breakers segment is projected to lead the global LV switchgears market during the forecast period. This segment is expected to grow at a CAGR of 6% from 2018 to 2030.
 Switchgears Industry Outlook.svg)
Product Definition:
Low Voltage Switchgear is a type of switchgear that is used to control and protect electrical equipment and circuits that operate at low voltages, typically up to 1000 volts. Low voltage switchgear is important because it helps protect against electrical accidents and faults, while also allowing for the safe operation of electrical equipment.
Low Voltage Circuit Breakers:
Low voltage circuit breakers (LVCBs) are used to interrupt the electric current in case of a fault in electrical equipment. It is mainly installed by utility companies for breaking the flow of electricity in case of an emergency such as short circuits, overloads, and power surges. LVCBs are also known as overcurrent protection devices or arc breakers.
The global low voltage switchgear market size was valued at USD 6,500 million in 2016.
Switches:
Switches and it's usage in LV switchgears market is a device that enables power flow from one circuit to another. It can be used in any equipment or appliance that requires electrical power but has only one input terminal, which is known as the “on” position. The term switches is also used for devices that control two or more circuits at the same time; these are known as multiplexers because they allow several inputs to operate from a single output.
Application Insights:
The industry has been segmented on the basis of application into infrastructure, mining, steel industries, commercial buildings and others. The infrastructure sector accounted for a major market share in 2017 owing to the rising demand from developing countries such as China and India. Low voltage switchgears are used in power distribution stations along with other equipment such as high voltage switchgear to provide reliable service during emergencies or natural disasters when electricity supply is disrupted.
The food & beverage sector is expected to witness significant growth over the forecast period due to increasing investments by foreign players operating within this sector. These players have set up manufacturing facilities within the country which provides employment opportunities locally thus boosting product demand across various applications in this industry globally.
Regional Analysis:
The Asia Pacific region accounted for the largest share of over 40% in 2017. The growing infrastructure spending coupled with increasing demand for electricity is expected to drive the regional market growth over the forecast period. China, India, Japan, and South Korea are some of the major countries that contributed to a large extent to regional market growth in 2017 owing to rising construction activities and investments in electrical & electronics industries.
North America was estimated at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 due high consumption of fuses, switches, mini-circuit breakers & circuit protection devices (LVD/HVAC).
Growth Factors:
- Increasing demand for energy efficient solutions: The global LV switchgears market is expected to grow at a CAGR of 5.5% from 2016 to 2021. This growth can be attributed to the increasing demand for energy efficient solutions across the globe.
- Growing investments in smart grid infrastructure: The global LV switchgears market is also expected to benefit from the growing investments in smart grid infrastructure worldwide. Smart grids are equipped with advanced technologies that help reduce wastage of energy and improve power reliability and efficiency.
- Rising concerns over power outages: Another key driver for the global LV switchgears market is the rising concerns over power outages, which has led to an increase in demand for reliable and efficient switching equipment globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Low Voltage (LV) Switchgears Market Research Report
By Type
Low Voltage Circuit Breakers, Switches, Off Load Electrical Isolators, HRC Fuses, Earth Leakage Circuit Breaker, Miniature Circuit Breakers (MCB), Molded Case Circuit Breakers (MCCB)
By Application
Pharmaceuticals, Food and Beverage, Pulp and Paper, Infrastructure, Mining, Steel Industries, Commercial Buildings
By Companies
ABB, GE, Siemens, Schneider, Alstom, Hyosung, Mitsubishi Electric, Eaton, XD Hi-tech, Bharat Heavy Electricals
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Low Voltage (LV) Switchgears Market Report Segments:
The global Low Voltage (LV) Switchgears market is segmented on the basis of:
Types
Low Voltage Circuit Breakers, Switches, Off Load Electrical Isolators, HRC Fuses, Earth Leakage Circuit Breaker, Miniature Circuit Breakers (MCB), Molded Case Circuit Breakers (MCCB)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceuticals, Food and Beverage, Pulp and Paper, Infrastructure, Mining, Steel Industries, Commercial Buildings
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- GE
- Siemens
- Schneider
- Alstom
- Hyosung
- Mitsubishi Electric
- Eaton
- XD Hi-tech
- Bharat Heavy Electricals
 Switchgears Market Overview.svg)
Highlights of The Low Voltage (LV) Switchgears Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Voltage Circuit Breakers
- Switches
- Off Load Electrical Isolators
- HRC Fuses
- Earth Leakage Circuit Breaker
- Miniature Circuit Breakers (MCB)
- Molded Case Circuit Breakers (MCCB)
- By Application:
- Pharmaceuticals
- Food and Beverage
- Pulp and Paper
- Infrastructure
- Mining
- Steel Industries
- Commercial Buildings
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Low Voltage (LV) Switchgears Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Switchgears Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Low voltage switchgear is a type of electrical equipment used to transfer power between different voltages. It can be found in places like substations, factories, and power plants.
Some of the major companies in the low voltage (lv) switchgears market are ABB, GE, Siemens, Schneider, Alstom, Hyosung, Mitsubishi Electric, Eaton, XD Hi-tech, Bharat Heavy Electricals.
The low voltage (lv) switchgears market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Low Voltage (LV) Switchgears Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Low Voltage (LV) Switchgears Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Low Voltage (LV) Switchgears Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Low Voltage (LV) Switchgears Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Low Voltage (LV) Switchgears Market Size & Forecast, 2018-2028
4.5.1 Low Voltage (LV) Switchgears Market Size and Y-o-Y Growth
4.5.2 Low Voltage (LV) Switchgears Market Absolute $ Opportunity
Chapter 5 Global Low Voltage (LV) Switchgears Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Low Voltage (LV) Switchgears Market Size Forecast by Type
5.2.1 Low Voltage Circuit Breakers
5.2.2 Switches
5.2.3 Off Load Electrical Isolators
5.2.4 HRC Fuses
5.2.5 Earth Leakage Circuit Breaker
5.2.6 Miniature Circuit Breakers (MCB)
5.2.7 Molded Case Circuit Breakers (MCCB)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Low Voltage (LV) Switchgears Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Low Voltage (LV) Switchgears Market Size Forecast by Applications
6.2.1 Pharmaceuticals
6.2.2 Food and Beverage
6.2.3 Pulp and Paper
6.2.4 Infrastructure
6.2.5 Mining
6.2.6 Steel Industries
6.2.7 Commercial Buildings
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Low Voltage (LV) Switchgears Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Low Voltage (LV) Switchgears Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Low Voltage (LV) Switchgears Analysis and Forecast
9.1 Introduction
9.2 North America Low Voltage (LV) Switchgears Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Low Voltage (LV) Switchgears Market Size Forecast by Type
9.6.1 Low Voltage Circuit Breakers
9.6.2 Switches
9.6.3 Off Load Electrical Isolators
9.6.4 HRC Fuses
9.6.5 Earth Leakage Circuit Breaker
9.6.6 Miniature Circuit Breakers (MCB)
9.6.7 Molded Case Circuit Breakers (MCCB)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Low Voltage (LV) Switchgears Market Size Forecast by Applications
9.10.1 Pharmaceuticals
9.10.2 Food and Beverage
9.10.3 Pulp and Paper
9.10.4 Infrastructure
9.10.5 Mining
9.10.6 Steel Industries
9.10.7 Commercial Buildings
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Low Voltage (LV) Switchgears Analysis and Forecast
10.1 Introduction
10.2 Europe Low Voltage (LV) Switchgears Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Low Voltage (LV) Switchgears Market Size Forecast by Type
10.6.1 Low Voltage Circuit Breakers
10.6.2 Switches
10.6.3 Off Load Electrical Isolators
10.6.4 HRC Fuses
10.6.5 Earth Leakage Circuit Breaker
10.6.6 Miniature Circuit Breakers (MCB)
10.6.7 Molded Case Circuit Breakers (MCCB)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Low Voltage (LV) Switchgears Market Size Forecast by Applications
10.10.1 Pharmaceuticals
10.10.2 Food and Beverage
10.10.3 Pulp and Paper
10.10.4 Infrastructure
10.10.5 Mining
10.10.6 Steel Industries
10.10.7 Commercial Buildings
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Low Voltage (LV) Switchgears Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Low Voltage (LV) Switchgears Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Low Voltage (LV) Switchgears Market Size Forecast by Type
11.6.1 Low Voltage Circuit Breakers
11.6.2 Switches
11.6.3 Off Load Electrical Isolators
11.6.4 HRC Fuses
11.6.5 Earth Leakage Circuit Breaker
11.6.6 Miniature Circuit Breakers (MCB)
11.6.7 Molded Case Circuit Breakers (MCCB)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Low Voltage (LV) Switchgears Market Size Forecast by Applications
11.10.1 Pharmaceuticals
11.10.2 Food and Beverage
11.10.3 Pulp and Paper
11.10.4 Infrastructure
11.10.5 Mining
11.10.6 Steel Industries
11.10.7 Commercial Buildings
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Low Voltage (LV) Switchgears Analysis and Forecast
12.1 Introduction
12.2 Latin America Low Voltage (LV) Switchgears Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Low Voltage (LV) Switchgears Market Size Forecast by Type
12.6.1 Low Voltage Circuit Breakers
12.6.2 Switches
12.6.3 Off Load Electrical Isolators
12.6.4 HRC Fuses
12.6.5 Earth Leakage Circuit Breaker
12.6.6 Miniature Circuit Breakers (MCB)
12.6.7 Molded Case Circuit Breakers (MCCB)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Low Voltage (LV) Switchgears Market Size Forecast by Applications
12.10.1 Pharmaceuticals
12.10.2 Food and Beverage
12.10.3 Pulp and Paper
12.10.4 Infrastructure
12.10.5 Mining
12.10.6 Steel Industries
12.10.7 Commercial Buildings
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Low Voltage (LV) Switchgears Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Low Voltage (LV) Switchgears Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Low Voltage (LV) Switchgears Market Size Forecast by Type
13.6.1 Low Voltage Circuit Breakers
13.6.2 Switches
13.6.3 Off Load Electrical Isolators
13.6.4 HRC Fuses
13.6.5 Earth Leakage Circuit Breaker
13.6.6 Miniature Circuit Breakers (MCB)
13.6.7 Molded Case Circuit Breakers (MCCB)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Low Voltage (LV) Switchgears Market Size Forecast by Applications
13.10.1 Pharmaceuticals
13.10.2 Food and Beverage
13.10.3 Pulp and Paper
13.10.4 Infrastructure
13.10.5 Mining
13.10.6 Steel Industries
13.10.7 Commercial Buildings
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Low Voltage (LV) Switchgears Market: Competitive Dashboard
14.2 Global Low Voltage (LV) Switchgears Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 GE
14.3.3 Siemens
14.3.4 Schneider
14.3.5 Alstom
14.3.6 Hyosung
14.3.7 Mitsubishi Electric
14.3.8 Eaton
14.3.9 XD Hi-tech
14.3.10 Bharat Heavy Electricals
