Summary

Low Voltage Switchgear Market Research Report Information By Protection (Circuit Breaker and Fuse) By Product (Fixed Mounting, Plug In and Withdrawal Unit) By Rated Current (<=1,000 Ampere, 1,000 TO 5,000 Ampere and >5,000 Ampere) By Voltage (UPTO 250V, 251V to 750V and 750v to 1KV) By Installation (Indoor and Outdoor) By Current (AC and DC) By End-User (T&D Utility, Commercial, Industrial, Residential and Others) and By Region -Global Forecast to 2030 Market Overview In 2022, the Low Voltage Switchgear Market Size was estimated to be USD 43,332.2 million. The Low Voltage Switchgear Market industry is anticipated to experience a compound annual growth rate (CAGR) of 3.7% from USD 45,174.6 million in 2023 to USD 57890.06 million by 2030. The aging electricity distribution infrastructure is the primary factor contributing to the anticipated growth of the Low Voltage Switchgear Market during the forecast period. In addition, the Low Voltage Switchgear Market is anticipated to generate an opportunity for participants through the implementation of performance-based incentive schemes. Nevertheless, the Low Voltage Switchgear Market is anticipated to experience a degree of growth constraint during the forecast period due to the severe environmental conditions. Low-voltage switchgear is frequently located on the secondary (low-voltage) side of a power distribution transformer. A substation is employed in conjunction with this transformer and switchgear combination. Market segment insights The global Low Voltage Switchgear Market has been segmented into Circuit Breaker and Fuse based on the protection. Fixed Mounting, Plug In, and Withdrawal Unit are the three categories into which the market has been divided based on the product. The Global Low Voltage Switchgears market has been segregated into three categories: <=1,000 Ampere, 1,000 TO 5,000 Ampere, and >5,000 Ampere, as determined by the Rated Current. The market has been divided into three segments: UPTO 250V, 251V to 750V, and 750V to 1KV, as determined by the voltage. The Global Low Voltage Switchgears market has been segmented into Indoor and Outdoor segments based on the installation. The market has been divided into AC and DC based on the current. T&D Utility, Commercial, Industrial, Residential, and Others are the segments into which the market has been divided based on the end-user. Regional Perspectives The Low Voltage Switchgear market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America, based on region. The North American Low Voltage Switchgear market maintained the highest market share and is anticipated to contribute a substantial revenue share during the forecast period. North America is a prominent regional market for low voltage switchgear due to the increasing demand for the upgrade of T&D networks and the increasing share of renewable energy sources. The region is currently experiencing a significant increase in investment in energy efficiency because of the decreasing cost of technology and the implementation of third-party energy efficiency programs. The low voltage switchgear market in the United States is expected to experience substantial growth because of the growing demand for power in commercial and industrial applications, as well as the expansion of hydrocarbon production activities. Furthermore, to improve the electricity grid, Canada is investing in the smart grid technology of Ottawa's net-zero energy communities. The implementation of microgrids in the country would be facilitated by this investment, which is valued at USD 5 million. The demand for low-voltage switchgear would be increased by these factors. Major Players Siemens, ABB, Schneider Electric, Eaton Corporation, Mitsubishi Electric Corporation, General Electric, Hyosung Corporation, Powell Industries, Hyundai Electric & Energy Systems CO, LTD, and other prominent companies are among the key players in the low voltage switchgear market.

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Table of Contents

TABLE OF CONTENTS 1 EXECUTIVE SUMMARY 1.1 KEY HIGHLIGHTS 2 MARKET INTRODUCTION 2.1 DEFINITION 2.2 SCOPE OF THE STUDY 2.3 RESEARCH OBJECTIVE 2.4 MARKET STRUCTURE 3 RESEARCH METHODOLOGY 3.1 OVERVIEW 3.2 DATA FLOW 3.2.1 DATA MINING PROCESS 3.3 PURCHASED DATABASE: 3.4 SECONDARY SOURCES: 3.4.1 SECONDARY RESEARCH DATA FLOW 3.5 PRIMARY RESEARCH: 3.5.1 PRIMARY RESEARCH DATA FLOW: 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED 3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE 3.6 APPROACHES FOR MARKET SIZE ESTIMATION: 3.6.1 CONSUMPTION & NET TRADE APPROACH 3.6.2 REVENUE ANALYSIS APPROACH 3.7 DATA FORECASTING 3.7.1 DATA FORECASTING TECHNIQUE 3.8 DATA MODELING 3.8.1 MICROECONOMIC FACTOR ANALYSIS: 3.8.2 DATA MODELING: 3.9 TEAMS AND ANALYST CONTRIBUTION 4 MARKET DYNAMICS 4.1 INTRODUCTION 4.2 DRIVERS 4.2.1 REVIVAL OF INVESTMENTS IN THE CONSTRUCTION SECTOR 4.2.2 GROWING INVESTMENTS IN RENEWABLE ENERGY 4.2.3 AGING ELECTRICITY DISTRIBUTION INFRASTRUCTURE 4.3 RESTRAINTS 4.3.1 HARSH ENVIRONMENTAL CONDITIONS 4.4 OPPORTUNITY 4.4.1 IMPLEMENTATION OF ADVANCED TECHNOLOGIES 4.4.2 IMPLEMENTATION OF PERFORMANCE-BASED INCENTIVE SCHEMES 5 MARKET FACTOR ANALYSIS 5.1 SUPPLY CHAIN ANALYSIS 5.1.1 PARTICIPANTS (AT DIFFERENT NODES) 5.1.1.1 RAW MATERIAL SUPPLIERS 5.1.1.2 MANUFACTURERS 5.1.1.3 DISTRIBUTION CHANNEL 5.1.1.4 END-USER 5.2 PORTER’S FIVE FORCES MODEL 5.2.1 BARGAINING POWER OF SUPPLIERS 5.2.2 BARGAINING POWER OF BUYERS 5.2.3 THREAT OF NEW ENTRANTS 5.2.4 THREAT OF SUBSTITUTES 5.2.5 INTENSITY OF RIVALRY 6GLOBAL LOW VOLTAGE SWITCHGEAR MARKET, BY PROTECTION 6.1 INTRODUCTION 6.2 CIRCUIT BREAKER 6.1.1 ACB 6.1.2 MCB 6.1.3 MCCB 6.1.4 MSP 6.1.5 MPCB 6.3 FUSE 7 GLOBAL LOW VOLTAGE SWITCHGEAR MARKET, BY PRODUCT 7.1 INTRODUCTION 7.2 FIXED MOUNTING 7.3 PLUG IN 7.4 WITHDRAWAL UNIT 8 GLOBAL LOW VOLTAGE SWITCHGEAR MARKET, BY RATED CURRENT 8.1 INTRODUCTION 8.2 <=1,000 Ampere 8.3 1,000 TO 5,000 Ampere 8.4 >5,000 Ampere 9 GLOBAL LOW VOLTAGE SWITCHGEAR MARKET, BY VOLTAGE 9.1 INTRODUCTION 9.2 UPTO 250V 9.3 251V to 750V 9.4 750v to 1KV 10 GLOBAL LOW VOLTAGE SWITCHGEAR MARKET, BY INSTALLATION 10.1 INTRODUCTION 10.2 INDOOR 10.3 OUTDOOR 11 GLOBAL LOW VOLTAGE SWITCHGEAR MARKET, BY CURRENT 11.1 INTRODUCTION 11.2 AC 11.3 DC 12 GLOBAL LOW VOLTAGE SWITCHGEAR MARKET, BY END-USER 12.1 INTRODUCTION 12.2 T&D UTILITY 12.3 COMMERCIAL 12.4 INDUSTRIAL 12.5 RESIDENTIAL 12.5 OTHERS 13 GLOBAL LOW VOLTAGE SWITCHGEAR MARKET, BY REGION 13.1 OVERVIEW 13.2 NORTH AMERICA 13.2.1 US 13.2.2 CANADA 13.2.3 MEXICO 13.3 EUROPE 13.3.1 GERMANY 13.3.2 UK 13.3.3 FRANCE 13.3.4 RUSSIA 13.3.5 SPAIN 13.3.6 ITALY 13.3.7 NETHERLANDS 13.3.8 POLAND 13.3.9 DENMARK 13.3.10 REST OF EUROPE 13.4 ASIA ACIFIC 13.4.1 CHINA 13.4.2 JAPAN 13.4.3 INDIA 13.4.4 SOUTH KOREA 13.4.5 REST OF ASIA PACIFIC 13.5 SOUTH AMERICA 13.5.1 BRAZIL 13.5.2 ARGENTINA 13.5.3 REST OF LATIN AMERICA 13.6 MIDDLE EAST & AFRICA 13.6.1 SOUTH AFRICA 13.6.2 GCC COUNTRIES 13.6.3 TURKEY 13.6.4 REST OF THE MIDDLE EAST & AFRICA 14 COMPETITIVE LANDSCAPE 14.1 INTRODUCTION 14.2 COMPETITION DASHBOARD 14.2.1 PRODUCT PORTFOLIO 14.2.2 REGIONAL PRESENCE 14.2.3 STRATEGIC ALLIANCE 14.2.4 INDUSTRY EXPERIENCE 14.3 WHAT STRATEGIES ARE BEING ADOPTED BY MARKET LEADERS 15 COMPANY PROFILES 15.1 SIEMENS 15.1.1 COMPANY OVERVIEW 15.1.2 FINANCIAL OVERVIEW 15.1.3 PRODUCTS OFFERED 15.1.4 KEY DEVELOPMENTS 15.1.5 SWOT ANALYSIS 15.1.6 KEY STRATEGY 15.2 ABB 15.2.1 COMPANY OVERVIEW 15.2.2 FINANCIAL OVERVIEW 15.2.3 PRODUCTS OFFERED 15.2.4 KEY DEVELOPMENTS 15.2.5 SWOT ANALYSIS 15.2.6 KEY STRATEGY 15.3 SCHNEIDER ELECTRIC 15.3.1 COMPANY OVERVIEW 15.3.2 PRODUCTS OFFERED 15.3.3 KEY DEVELOPMENTS 15.3.4 KEY STRATEGY 15.4 EATON CORPORATION 15.4.1 COMPANY OVERVIEW 15.4.2 FINANCIAL OVERVIEW 15.4.3 PRODUCTS OFFERED 15.4.4 KEY DEVELOPMENTS 15.4.5 SWOT ANALYSIS 15.4.6 KEY STRATEGY 15.5 MITSUBISHI ELECTRIC CORPORATION 15.5.1 COMPANY OVERVIEW 15.5.2 FINANCIAL OVERVIEW 15.5.3 PRODUCTS OFFERED 15.5.4 KEY DEVELOPMENTS 15.5.5 SWOT ANALYSIS 157 15.5.6 KEY STRATEGY 15.6 GENERAL ELECTRIC 15.6.1 COMPANY OVERVIEW 15.6.2 FINANCIAL OVERVIEW 15.6.3 PRODUCTS OFFERED 15.6.4 KEY DEVELOPMENTS 15.6.5 SWOT ANALYSIS 15.6.6 KEY STRATEGY 15.7 HYOSUNG CORPORATION 15.7.1 COMPANY OVERVIEW 15.7.2 FINANCIAL OVERVIEW 15.7.3 PRODUCTS OFFERED 15.7.4 KEY DEVELOPMENTS 15.7.5 KEY STRATEGY 15.8 HYUNDAI ELECTRIC & ENERGY SYSTEMS CO, LTD 15.8.1 COMPANY OVERVIEW 15.8.2 FINANCIAL OVERVIEW 15.8.3 PRODUCTS OFFERED 15.8.4 KEY DEVELOPMENTS 15.8.5 KEY STRATEGY 15.9 POWELL INDUSTRIES 15.9.1 COMPANY OVERVIEW 15.9.2 FINANCIAL OVERVIEW 15.9.3 PRODUCTS OFFERED 15.9.4 KEY DEVELOPMENTS 15.9.5 KEY STRATEGY 15.10 ALFANAR 15.10.1 COMPANY OVERVIEW 15.10.2 FINANCIAL OVERVIEW 15.10.3 PRODUCTS OFFERED 15.10.4 KEY DEVELOPMENTS 15.10.5 KEY STRATEGY 15.11 RITTAL 15.11.1 COMPANY OVERVIEW 15.11.2 FINANCIAL OVERVIEW 15.11.3 PRODUCTS OFFERED 15.11.4 KEY DEVELOPMENTS 15.11.5 KEY STRATEGY 15.12 HITACHI, LTD. 15.12.1 COMPANY OVERVIEW 15.12.2 FINANCIAL OVERVIEW 15.12.3 PRODUCTS OFFERED 15.12.4 KEY DEVELOPMENTS 15.12.5 KEY STRATEGY 15.13 HUBBELL POWER SYSTEMS 15.13.1 COMPANY OVERVIEW 15.13.2 FINANCIAL OVERVIEW 15.13.3 PRODUCTS OFFERED 15.13.4 KEY DEVELOPMENTS 15.13.5 KEY STRATEGY 15.14 FUJI ELECTRIC CO LTD 15.14.1 COMPANY OVERVIEW 15.14.2 FINANCIAL OVERVIEW 15.14.3 PRODUCTS OFFERED 15.14.4 KEY DEVELOPMENTS 15.14.5 KEY STRATEGY 15.15 LARSEN & TOUBRO LIMITED 15.15.1 COMPANY OVERVIEW 15.15.2 FINANCIAL OVERVIEW 15.15.3 PRODUCTS OFFERED 15.15.4 KEY DEVELOPMENTS 15.15.5 KEY STRATEGY 15.16 RELATED REPORTS