Market Overview:
The global low voltage switchgear cabinet (LVSG) 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 LVSG in power plants, oil & gas, and residential applications. Additionally, the growing demand for energy-efficient and reliable electrical equipment is also contributing to the growth of this market. Based on type, the global LVSG market can be segmented into fixed type and drawer type. The fixed type segment is expected to account for a larger share of the global LVSG market than the drawer type segment during the forecast period. This can be attributed to its high reliability and durability as compared with other types of switchgear cabinets available in the market. Based on application,the global LVSGmarket can be divided into power plant, oil & gas, residential, and others segments.
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Product Definition:
A low voltage switchgear cabinet (LVSG) is a type of electrical equipment enclosure specifically designed to house low voltage switchgear. Low voltage switchgear is used to control and protect electrical equipment and circuits. The importance of a low voltage switchgear cabinet is that it provides a safe, secure place for this important electrical equipment to be housed.
Fixed Type:
Fixed type is a conventional switchgear design, which has been in use since the 19th century. It is used to protect equipment from high voltage and current fluctuations. The LVSG market size was valued at USD 1,099 million in 2015 and is expected to grow at a CAGR of XX% over the forecast period.
Drawer Type:
The drawer type is used in LVSG to categorize the equipment into low voltage switchgear and medium & high voltage switchgear. The different types of drawers include straight, French, and I-beam.
Straight drawer: It has one rail with a handle on each end; it is mainly used for switching medium & high voltage power supplies within the LVSG. The straight drawers are widely utilized as they have better mechanical strength than other variants.
Application Insights:
Based on application, the global market has been segmented into power plant, oil & gas, residential and others. The power plant application is expected to dominate the overall industry over the forecast period owing to its crucial nature in ensuring reliable electricity supply across various regions.
The LVSG used in residential applications is designed for protecting householders from electrical shocks and other hazards caused by lightning or improper wiring. These cabinets are also used in commercial buildings including offices as a safety measure against electrical shock hazard due to improper wiring or installation of unqualified electric equipment. Other applications include industrial plants and transport infrastructure among others which require low voltage switchgear cabinet for protection purposes against electric shock hazard.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for electricity in emerging economies, such as China and India. The growing industrial sector, coupled with the need for reliable power supply across industries, will drive product demand in Asia Pacific. In addition, rising number of construction projects in developing countries will further propel industry growth over the forecast period.
The Middle East & Africa (MEA) switchgear cabinet market is anticipated to witness significant growth due to rapid development taking place across several oil rich countries including Saudi Arabia and UAE on account of increasing investments in various sectors including residential sector and commercial sector infrastructure development which includes hotels and hospitals along with other government offices etc., thereby driving overall MEA switchgear cabinet industry growth over the forecast period.
Growth Factors:
- Increasing demand for energy efficient and reliable electrical distribution systems
- Rapid growth in the construction and infrastructure sectors
- Rising demand from the industrial sector
- Growing popularity of modular switchgear cabinets
- Technological advancements
Scope Of The Report
Report Attributes
Report Details
Report Title
Low Voltage Switchgear Cabinet (LVSG) Market Research Report
By Type
Fixed Type, Drawer Type
By Application
Power Plant, Oil & Gas, Residential, Others
By Companies
Eaton, ABB, Schneider Electric, Siemens, Powell Industries, Mitsubishi Electric, Hyosung, GE, SPECENERGO EN, JiangXi YiKai Electric Co.,Ltd, Eaton, Bowers Electricals, Shanghai Electric, Senyuan Electric
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
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Low Voltage Switchgear Cabinet (LVSG) Market Report Segments:
The global Low Voltage Switchgear Cabinet (LVSG) market is segmented on the basis of:
Types
Fixed Type, Drawer Type
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
Power Plant, Oil & Gas, Residential, Others
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:
- Eaton
- ABB
- Schneider Electric
- Siemens
- Powell Industries
- Mitsubishi Electric
- Hyosung
- GE
- SPECENERGO EN
- JiangXi YiKai Electric Co.,Ltd
- Eaton
- Bowers Electricals
- Shanghai Electric
- Senyuan Electric
 Market Overview.svg)
Highlights of The Low Voltage Switchgear Cabinet (LVSG) 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:
- Fixed Type
- Drawer Type
- By Application:
- Power Plant
- Oil & Gas
- Residential
- Others
- 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 Switchgear Cabinet (LVSG) 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
 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 Cabinet (LVSG) is a type of electrical switchgear used to route and distribute low voltage electricity.
Some of the major companies in the low voltage switchgear cabinet (lvsg) market are Eaton, ABB, Schneider Electric, Siemens, Powell Industries, Mitsubishi Electric, Hyosung, GE, SPECENERGO EN, JiangXi YiKai Electric Co.,Ltd, Eaton, Bowers Electricals, Shanghai Electric, Senyuan Electric.
The low voltage switchgear cabinet (lvsg) market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Low Voltage Switchgear Cabinet (LVSG) 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 Switchgear Cabinet (LVSG) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Low Voltage Switchgear Cabinet (LVSG) 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 Switchgear Cabinet (LVSG) 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 Switchgear Cabinet (LVSG) Market Size & Forecast, 2018-2028
4.5.1 Low Voltage Switchgear Cabinet (LVSG) Market Size and Y-o-Y Growth
4.5.2 Low Voltage Switchgear Cabinet (LVSG) Market Absolute $ Opportunity
Chapter 5 Global Low Voltage Switchgear Cabinet (LVSG) 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 Switchgear Cabinet (LVSG) Market Size Forecast by Type
5.2.1 Fixed Type
5.2.2 Drawer Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Low Voltage Switchgear Cabinet (LVSG) 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 Switchgear Cabinet (LVSG) Market Size Forecast by Applications
6.2.1 Power Plant
6.2.2 Oil & Gas
6.2.3 Residential
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Low Voltage Switchgear Cabinet (LVSG) 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 Switchgear Cabinet (LVSG) 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 Switchgear Cabinet (LVSG) Analysis and Forecast
9.1 Introduction
9.2 North America Low Voltage Switchgear Cabinet (LVSG) 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 Switchgear Cabinet (LVSG) Market Size Forecast by Type
9.6.1 Fixed Type
9.6.2 Drawer Type
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 Switchgear Cabinet (LVSG) Market Size Forecast by Applications
9.10.1 Power Plant
9.10.2 Oil & Gas
9.10.3 Residential
9.10.4 Others
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 Switchgear Cabinet (LVSG) Analysis and Forecast
10.1 Introduction
10.2 Europe Low Voltage Switchgear Cabinet (LVSG) 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 Switchgear Cabinet (LVSG) Market Size Forecast by Type
10.6.1 Fixed Type
10.6.2 Drawer Type
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 Switchgear Cabinet (LVSG) Market Size Forecast by Applications
10.10.1 Power Plant
10.10.2 Oil & Gas
10.10.3 Residential
10.10.4 Others
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 Switchgear Cabinet (LVSG) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Low Voltage Switchgear Cabinet (LVSG) 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 Switchgear Cabinet (LVSG) Market Size Forecast by Type
11.6.1 Fixed Type
11.6.2 Drawer Type
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 Switchgear Cabinet (LVSG) Market Size Forecast by Applications
11.10.1 Power Plant
11.10.2 Oil & Gas
11.10.3 Residential
11.10.4 Others
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 Switchgear Cabinet (LVSG) Analysis and Forecast
12.1 Introduction
12.2 Latin America Low Voltage Switchgear Cabinet (LVSG) 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 Switchgear Cabinet (LVSG) Market Size Forecast by Type
12.6.1 Fixed Type
12.6.2 Drawer Type
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 Switchgear Cabinet (LVSG) Market Size Forecast by Applications
12.10.1 Power Plant
12.10.2 Oil & Gas
12.10.3 Residential
12.10.4 Others
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 Switchgear Cabinet (LVSG) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Low Voltage Switchgear Cabinet (LVSG) 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 Switchgear Cabinet (LVSG) Market Size Forecast by Type
13.6.1 Fixed Type
13.6.2 Drawer Type
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 Switchgear Cabinet (LVSG) Market Size Forecast by Applications
13.10.1 Power Plant
13.10.2 Oil & Gas
13.10.3 Residential
13.10.4 Others
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 Switchgear Cabinet (LVSG) Market: Competitive Dashboard
14.2 Global Low Voltage Switchgear Cabinet (LVSG) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eaton
14.3.2 ABB
14.3.3 Schneider Electric
14.3.4 Siemens
14.3.5 Powell Industries
14.3.6 Mitsubishi Electric
14.3.7 Hyosung
14.3.8 GE
14.3.9 SPECENERGO EN
14.3.10 JiangXi YiKai Electric Co.,Ltd
14.3.11 Eaton
14.3.12 Bowers Electricals
14.3.13 Shanghai Electric
14.3.14 Senyuan Electric
