Low Voltage and Medium Voltage Switchgear Market

Switchgear form an important T&D equipment. They are used to control safety and reliability of networks for ensuring smooth flow of electric power.
Low Voltage and Medium Voltage Switchgear Market contains market size and forecasts of Low Voltage (LV) and Medium Voltage (MV) Switchgear in global, including the following market information:
Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Low Voltage (LV) and Medium Voltage (MV) Switchgear companies in 2021 (%)
The global Low Voltage (LV) and Medium Voltage (MV) Switchgear market was valued at 60050 million in 2021 and is projected to reach US$ 77390 million by 2028, at a CAGR of 3.7% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Less than 1kV Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Low Voltage (LV) and Medium Voltage (MV) Switchgear include ABB, Eaton, General Electric, Powell Industries, Siemens, Schneider Electric, Bharat Heavy Electricals, Hyosung and Mitsubishi Electric. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Low Voltage (LV) and Medium Voltage (MV) Switchgear manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Segment Percentages, by Type, 2021 (%)
Less than 1kV
1kV - 5kV
6kV - 15kV
16kV - 27kV
28kV - 38kV
Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Segment Percentages, by Application, 2021 (%)
Power Plants
Oil & Gas and Petrochemical Industry
Pulp and Paper Industry
Utilities Sector
Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Low Voltage (LV) and Medium Voltage (MV) Switchgear revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Low Voltage (LV) and Medium Voltage (MV) Switchgear revenues share in global market, 2021 (%)
Key companies Low Voltage (LV) and Medium Voltage (MV) Switchgear sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Low Voltage (LV) and Medium Voltage (MV) Switchgear sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB
Eaton
General Electric
Powell Industries
Siemens
Schneider Electric
Bharat Heavy Electricals
Hyosung
Mitsubishi Electric