Market Overview:
The global low-voltage switch gear 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 energy-efficient and safe electrical equipment. Low-voltage switch gear is used in a variety of applications, such as automotive, production lines, motor control, safety systems, and others. Asia Pacific is expected to be the fastest growing region during the forecast period owing to the increasing demand for low-voltage switchgear from countries such as China and India.
Product Definition:
Low-voltage switchgear is a type of electrical equipment that is used to control and protect circuits and equipment that operate at low voltage. Low-voltage switchgear is important because it helps to ensure the safety of people and property by preventing electrical faults from causing damage or injury.
Manual:
The global market for low-voltage switch gear is expected to grow at a significant rate over the forecast period. The growth of this market can be attributed to growing concerns regarding safety in industries such as oil & gas, chemical, and power generation.
In addition, increasing demand for automation across several industrial sectors including pharmaceuticals & biotechnology and food processing is also anticipated to drive the industry growth over the next seven years.
Automatic:
Automatic is a type of power electronic device that controls and monitors the flow of electric current. Automatic devices are widely used in low-voltage switch gear to protect the gears from damage due to overcurrent, short circuit, or overload. The major applications include distribution panels, transmission and transformation equipment, substation transformers etc.
The demand for automatic devices is increasing globally on account of rising safety concerns across several industries including oil & gas and chemical among others.
Application Insights:
Automotive application segment accounted for the largest share in 2016 and is projected to witness significant growth over the forecast period. The global automotive industry has been witnessing tremendous growth since past few years owing to rising disposable income levels, especially in emerging countries of Asia Pacific and Latin America. This trend is expected to continue over the next few years, which will benefit low-voltage switch gear market demand.
The production lines segment was valued at USD 1,176.5 million in 2017 owing to its extensive usage across various industries including chemical plants.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing industrialization and rising demand for motor control systems in developing economies, such as China and India. In addition, growing automation across various industries will drive the product demand further. For instance, according to PwC’s 2016 Global Manufacturing Trends Report, Asia Pacific was identified as one of the key manufacturing hubs with high potential for future growth owing to low labor costs and availability of skilled workforce in many Asian countries including China, India Japan Thailand etc.
Europe is anticipated to witness significant growth over the next eight years owing to stringent government regulations pertaining safety at work places along with other factors such as aging infrastructure that needs replacement or upgradation are driving industry dynamics across this region.
Growth Factors:
- Increasing demand for energy-efficient electrical equipment
- Rapid industrialization and urbanization in developing countries
- Rising investments in renewable energy sources
- Proliferation of smart grids and microgrids
- Growing awareness about the benefits of low-voltage switch gear
Scope Of The Report
Report Attributes
Report Details
Report Title
Low-Voltage Switch Gear Market Research Report
By Type
Manual, Automatic, Other
By Application
Automotive, Production Lines, Motor Control, Safety, Other
By Companies
ABB, Mitsubishi Electric, Schneider Electric, Omron Automation, Eaton, Regal
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
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Low-Voltage Switch Gear Market Report Segments:
The global Low-Voltage Switch Gear market is segmented on the basis of:
Types
Manual, Automatic, Other
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
Automotive, Production Lines, Motor Control, Safety, Other
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
- Mitsubishi Electric
- Schneider Electric
- Omron Automation
- Eaton
- Regal
Highlights of The Low-Voltage Switch Gear 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:
- Manual
- Automatic
- Other
- By Application:
- Automotive
- Production Lines
- Motor Control
- Safety
- Other
- 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 Switch Gear 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
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 switch gear is a type of electrical equipment used to control the flow of electricity in a circuit. It includes switches, transformers, and other components that are designed to operate at low voltages. Low-voltage switch gear is often used in industrial and commercial settings where safety concerns necessitate the use of lower voltages than those typically found in residential or commercial buildings.
Some of the major players in the low-voltage switch gear market are ABB, Mitsubishi Electric, Schneider Electric, Omron Automation, Eaton, Regal.
The low-voltage switch gear 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 Switch Gear 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 Switch Gear Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Low-Voltage Switch Gear 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 Switch Gear 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 Switch Gear Market Size & Forecast, 2018-2028
4.5.1 Low-Voltage Switch Gear Market Size and Y-o-Y Growth
4.5.2 Low-Voltage Switch Gear Market Absolute $ Opportunity
Chapter 5 Global Low-Voltage Switch Gear 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 Switch Gear Market Size Forecast by Type
5.2.1 Manual
5.2.2 Automatic
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Low-Voltage Switch Gear 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 Switch Gear Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Production Lines
6.2.3 Motor Control
6.2.4 Safety
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Low-Voltage Switch Gear 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 Switch Gear 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 Switch Gear Analysis and Forecast
9.1 Introduction
9.2 North America Low-Voltage Switch Gear 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 Switch Gear Market Size Forecast by Type
9.6.1 Manual
9.6.2 Automatic
9.6.3 Other
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 Switch Gear Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Production Lines
9.10.3 Motor Control
9.10.4 Safety
9.10.5 Other
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 Switch Gear Analysis and Forecast
10.1 Introduction
10.2 Europe Low-Voltage Switch Gear 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 Switch Gear Market Size Forecast by Type
10.6.1 Manual
10.6.2 Automatic
10.6.3 Other
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 Switch Gear Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Production Lines
10.10.3 Motor Control
10.10.4 Safety
10.10.5 Other
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 Switch Gear Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Low-Voltage Switch Gear 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 Switch Gear Market Size Forecast by Type
11.6.1 Manual
11.6.2 Automatic
11.6.3 Other
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 Switch Gear Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Production Lines
11.10.3 Motor Control
11.10.4 Safety
11.10.5 Other
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 Switch Gear Analysis and Forecast
12.1 Introduction
12.2 Latin America Low-Voltage Switch Gear 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 Switch Gear Market Size Forecast by Type
12.6.1 Manual
12.6.2 Automatic
12.6.3 Other
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 Switch Gear Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Production Lines
12.10.3 Motor Control
12.10.4 Safety
12.10.5 Other
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 Switch Gear Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Low-Voltage Switch Gear 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 Switch Gear Market Size Forecast by Type
13.6.1 Manual
13.6.2 Automatic
13.6.3 Other
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 Switch Gear Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Production Lines
13.10.3 Motor Control
13.10.4 Safety
13.10.5 Other
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 Switch Gear Market: Competitive Dashboard
14.2 Global Low-Voltage Switch Gear Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Mitsubishi Electric
14.3.3 Schneider Electric
14.3.4 Omron Automation
14.3.5 Eaton
14.3.6 Regal
