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PUBLISHER: IMARC | PRODUCT CODE: 1642812
PUBLISHER: IMARC | PRODUCT CODE: 1642812
Low Voltage Switchgear Market Size, Share, Trends and Forecast by Product Type, Voltage Rating, Installation, Application, and Region, 2025-2033
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The global low voltage switchgear market size was valued at USD 56.77 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 94.83 Billion by 2033, exhibiting a CAGR of 5.87% from 2025-2033. Asia-Pacific currently dominates the market, holding a market share of over 39.9% in 2024. The growing demand for electricity, the increasing product adoption in electrical distribution systems, rapid technological innovations, increasing infrastructure development projects, and extensive research and development (R&D) activities are some of the key factors driving the market.
Low voltage (LV) switchgear refers to the electrical equipment used to control, protect, and distribute electrical power in low-voltage systems. It consists of a combination of circuit breakers, fuses, switches, and other protective devices that are housed in a metal enclosure. It is commonly used in industrial and commercial applications to distribute power to various loads and equipment. LV switchgear helps to isolate faulty equipment, protect against overloads, and control the flow of electrical power. It is a highly reliable component that also protects from electrical shock and reduces the risk of short circuits or faults. As a result, it finds extensive applications across the substation, distribution, power factor correction, sub-distribution and motor control facilities.
Low Voltage Switchgear Market Trends:
The growing demand for electricity across the globe is one of the key factors creating a positive outlook for the market. LV switchgear is widely used as an essential component in electrical distribution systems to ensure the safe and reliable supply of electricity to residential, commercial, and industrial consumers. Moreover, the widespread product utilization of renewable energy sources, such as solar and wind power, to provide the connection, control, and distribution of power generated from renewable sources is propelling the market growth. Additionally, the rising inclination toward upgrading aging infrastructure to ensure reliable and safe operation is acting as another growth-inducing factor. Apart from this, the integration of digital technologies and smart features in LV switchgear that offer advanced monitoring, control, and communication capabilities, allowing for real-time data analysis, remote operation, and predictive maintenance, is providing an impetus to the market growth. Furthermore, the growing infrastructure development projects, such as the construction of residential buildings, commercial complexes, data centers, hospitals, and transportation networks, that require reliable electrical infrastructure is contributing to the market growth. Other factors, including the implementation of various government initiatives to promote the use of reliable and safe electrical systems, increasing focus on developing smart cities with advanced infrastructure and sustainable energy systems, and growing digitization, are supporting the market growth.
Low Voltage Switchgear Industry Segmentation:
Product Type Insights:
- Fixed Mounting
- Plug-In
- Withdrawable Unit
Voltage Rating Insights:
- Less than 250V
- 250V to 750V
- 751V to 1000V
Installation Insights:
- Indoor
- Outdoor
Application Insights:
- Substation
- Distribution
- Power Factor Correction
- Sub-Distribution
- Motor Control
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
- The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for low voltage switchgear. Some of the factors driving the Asia Pacific low voltage switchgear market included the increasing infrastructure development projects, various technological advancements, and growing electricity demand in the region.
Competitive Landscape:
- The report has also provided a comprehensive analysis of the competitive landscape in the global low voltage switchgear market. Detailed profiles of all major companies have been provided. Some of the companies covered include ABB Ltd, Alfanar Group, Chint Group Co. Ltd., Eaton Corporation plc, Fuji Electric Co. Ltd., General Electric Company, Hyosung Corporation, Larsen & Toubro Ltd, Mitsubishi Electric Corporation, Rittal GmbH & Co. KG, Schneider Electric SE, Siemens AG, Terasaki Electric Co. Ltd., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
- 1. What is low voltage switchgear?
- 2. How big is the global low voltage switchgear market?
- 3. What is the expected growth rate of the global low voltage switchgear market during 2025-2033?
- 4. What are the key factors driving the global low voltage switchgear market?
- 5. What is the leading segment of the global low voltage switchgear market based on product type?
- 6. What are the key regions in the global low voltage switchgear market?
- 7. Who are the key players/companies in the global low voltage switchgear market?
Product Code: SR112025A7941
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Low Voltage Switchgear Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Fixed Mounting
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Plug-In
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Withdrawable Unit
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Voltage Rating
- 7.1 Less than 250V
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 250V to 750V
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 751V to 1000V
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Installation
- 8.1 Indoor
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Outdoor
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Application
- 9.1 Substation
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Distribution
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Power Factor Correction
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Sub-Distribution
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Motor Control
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 Drivers, Restraints, and Opportunities
- 11.1 Overview
- 11.2 Drivers
- 11.3 Restraints
- 11.4 Opportunities
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 ABB Ltd
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 Alfanar Group
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Chint Group Co. Ltd.
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 Eaton Corporation plc
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 Fuji Electric Co. Ltd.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.5.4 SWOT Analysis
- 15.3.6 General Electric Company
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 Hyosung Corporation
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Larsen & Toubro Ltd
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 Mitsubishi Electric Corporation
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 Rittal GmbH & Co. KG
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Schneider Electric SE
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
- 15.3.12 Siemens AG
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 Financials
- 15.3.12.4 SWOT Analysis
- 15.3.13 Terasaki Electric Co. Ltd.
- 15.3.13.1 Company Overview
- 15.3.13.2 Product Portfolio
- 15.3.13.3 Financials
- 15.3.1 ABB Ltd
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Product Code: SR112025A7941
List of Figures
- Figure 1: Global: Low Voltage Switchgear Market: Major Drivers and Challenges
- Figure 2: Global: Low Voltage Switchgear Market: Sales Value (in Billion USD), 2019-2024
- Figure 3: Global: Low Voltage Switchgear Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 4: Global: Low Voltage Switchgear Market: Breakup by Product Type (in %), 2024
- Figure 5: Global: Low Voltage Switchgear Market: Breakup by Voltage Rating (in %), 2024
- Figure 6: Global: Low Voltage Switchgear Market: Breakup by Installation (in %), 2024
- Figure 7: Global: Low Voltage Switchgear Market: Breakup by Application (in %), 2024
- Figure 8: Global: Low Voltage Switchgear Market: Breakup by Region (in %), 2024
- Figure 9: Global: Low Voltage Switchgear (Fixed Mounting) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 10: Global: Low Voltage Switchgear (Fixed Mounting) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 11: Global: Low Voltage Switchgear (Plug-In) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 12: Global: Low Voltage Switchgear (Plug-In) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 13: Global: Low Voltage Switchgear (Withdrawable Unit) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 14: Global: Low Voltage Switchgear (Withdrawable Unit) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 15: Global: Low Voltage Switchgear (Less than 250V) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 16: Global: Low Voltage Switchgear (Less than 250V) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 17: Global: Low Voltage Switchgear (250V to 750V) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 18: Global: Low Voltage Switchgear (250V to 750V) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 19: Global: Low Voltage Switchgear (751V to 1000V) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 20: Global: Low Voltage Switchgear (751V to 1000V) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 21: Global: Low Voltage Switchgear (Indoor) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 22: Global: Low Voltage Switchgear (Indoor) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 23: Global: Low Voltage Switchgear (Outdoor) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 24: Global: Low Voltage Switchgear (Outdoor) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 25: Global: Low Voltage Switchgear (Substation) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 26: Global: Low Voltage Switchgear (Substation) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 27: Global: Low Voltage Switchgear (Distribution) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 28: Global: Low Voltage Switchgear (Distribution) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 29: Global: Low Voltage Switchgear (Power Factor Correction) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 30: Global: Low Voltage Switchgear (Power Factor Correction) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 31: Global: Low Voltage Switchgear (Sub-Distribution) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 32: Global: Low Voltage Switchgear (Sub-Distribution) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 33: Global: Low Voltage Switchgear (Motor Control) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 34: Global: Low Voltage Switchgear (Motor Control) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 35: North America: Low Voltage Switchgear Market: Sales Value (in Million USD), 2019 & 2024
- Figure 36: North America: Low Voltage Switchgear Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 37: United States: Low Voltage Switchgear Market: Sales Value (in Million USD), 2019 & 2024
- Figure 38: United States: Low Voltage Switchgear Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 39: Canada: Low Voltage Switchgear Market: Sales Value (in Million USD), 2019 & 2024
- Figure 40: Canada: Low Voltage Switchgear Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 41: Asia-Pacific: Low Voltage Switchgear Market: Sales Value (in Million USD), 2019 & 2024
- Figure 42: Asia-Pacific: Low Voltage Switchgear Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 43: China: Low Voltage Switchgear Market: Sales Value (in Million USD), 2019 & 2024
- Figure 44: China: Low Voltage Switchgear Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 45: Japan: Low Voltage Switchgear Market: Sales Value (in Million USD), 2019 & 2024
- Figure 46: Japan: Low Voltage Switchgear Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 47: India: Low Voltage Switchgear Market: Sales Value (in Million USD), 2019 & 2024
- Figure 48: India: Low Voltage Switchgear Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 49: South Korea: Low Voltage Switchgear Market: Sales Value (in Million USD), 2019 & 2024
- Figure 50: South Korea: Low Voltage Switchgear Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 51: Australia: Low Voltage Switchgear Market: Sales Value (in Million USD), 2019 & 2024
- Figure 52: Australia: Low Voltage Switchgear Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 53: Indonesia: Low Voltage Switchgear Market: Sales Value (in Million USD), 2019 & 2024
- Figure 54: Indonesia: Low Voltage Switchgear Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 55: Others: Low Voltage Switchgear Market: Sales Value (in Million USD), 2019 & 2024
- Figure 56: Others: Low Voltage Switchgear Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 57: Europe: Low Voltage Switchgear Market: Sales Value (in Million USD), 2019 & 2024
- Figure 58: Europe: Low Voltage Switchgear Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 59: Germany: Low Voltage Switchgear Market: Sales Value (in Million USD), 2019 & 2024
- Figure 60: Germany: Low Voltage Switchgear Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 61: France: Low Voltage Switchgear Market: Sales Value (in Million USD), 2019 & 2024
- Figure 62: France: Low Voltage Switchgear Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 63: United Kingdom: Low Voltage Switchgear Market: Sales Value (in Million USD), 2019 & 2024
- Figure 64: United Kingdom: Low Voltage Switchgear Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 65: Italy: Low Voltage Switchgear Market: Sales Value (in Million USD), 2019 & 2024
- Figure 66: Italy: Low Voltage Switchgear Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 67: Spain: Low Voltage Switchgear Market: Sales Value (in Million USD), 2019 & 2024
- Figure 68: Spain: Low Voltage Switchgear Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 69: Russia: Low Voltage Switchgear Market: Sales Value (in Million USD), 2019 & 2024
- Figure 70: Russia: Low Voltage Switchgear Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 71: Others: Low Voltage Switchgear Market: Sales Value (in Million USD), 2019 & 2024
- Figure 72: Others: Low Voltage Switchgear Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 73: Latin America: Low Voltage Switchgear Market: Sales Value (in Million USD), 2019 & 2024
- Figure 74: Latin America: Low Voltage Switchgear Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 75: Brazil: Low Voltage Switchgear Market: Sales Value (in Million USD), 2019 & 2024
- Figure 76: Brazil: Low Voltage Switchgear Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 77: Mexico: Low Voltage Switchgear Market: Sales Value (in Million USD), 2019 & 2024
- Figure 78: Mexico: Low Voltage Switchgear Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 79: Others: Low Voltage Switchgear Market: Sales Value (in Million USD), 2019 & 2024
- Figure 80: Others: Low Voltage Switchgear Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 81: Middle East and Africa: Low Voltage Switchgear Market: Sales Value (in Million USD), 2019 & 2024
- Figure 82: Middle East and Africa: Low Voltage Switchgear Market: Breakup by Country (in %), 2024
- Figure 83: Middle East and Africa: Low Voltage Switchgear Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 84: Global: Low Voltage Switchgear Industry: Drivers, Restraints, and Opportunities
- Figure 85: Global: Low Voltage Switchgear Industry: Value Chain Analysis
- Figure 86: Global: Low Voltage Switchgear Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Low Voltage Switchgear Market: Key Industry Highlights, 2024 & 2033
- Table 2: Global: Low Voltage Switchgear Market Forecast: Breakup by Product Type (in Million USD), 2025-2033
- Table 3: Global: Low Voltage Switchgear Market Forecast: Breakup by Voltage Rating (in Million USD), 2025-2033
- Table 4: Global: Low Voltage Switchgear Market Forecast: Breakup by Installation (in Million USD), 2025-2033
- Table 5: Global: Low Voltage Switchgear Market Forecast: Breakup by Application (in Million USD), 2025-2033
- Table 6: Global: Low Voltage Switchgear Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 7: Global: Low Voltage Switchgear Market: Competitive Structure
- Table 8: Global: Low Voltage Switchgear Market: Key Players
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