Low Voltage Switchgear Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Product Type (Fixed Mounting, Plug-In, Withdrawable Unit), By Installation (Indoor, Outdoor), By Application (Substation, Distribution, Power Factor Correction, Sub-Distribution, Motor Control), By Region, Competition, 2018-2028

  • Industry : Power
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 63.08 Billion

CAGR (2023-2028)

8.25%

Fastest Growing Segment

Fixed Mounting

Largest Market

Asia Pacific

Market Overview

Global Low Voltage Switchgear market has valued at USD 63.08 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 8.25%

Key Market Drivers

Growing Demand for Electricity will help with Low Voltage Switchgear Market growth.

The surging global demand for electricity stands as a significant catalyst propelling the growth of the global Low voltage switchgear market. This ever-increasing thirst for electrical power is driven by a confluence of factors, including population growth, industrialization, urbanization, and technological advancements, all of which necessitate the expansion and modernization of electrical infrastructure. Low voltage switchgear, a critical component of the electrical distribution and transmission systems, plays a pivotal role in meeting these escalating energy needs. First and foremost, as populations continue to grow and migrate to urban centers, the demand for electricity in residential, commercial, and industrial sectors skyrockets. Low voltage switchgear ensures the efficient and reliable delivery of electricity to meet these burgeoning urban power requirements.

Industrialization, especially in emerging economies, brings with it a surge in manufacturing and heavy machinery usage, all of which rely heavily on electrical power. This industrial expansion demands robust electrical grids and Low voltage switchgear to deliver electricity without interruption and to maintain the health of critical infrastructure. Furthermore, technological advancements and the digitization of various industries have led to an increased reliance on electricity for data centers, computing, and communication networks. Low voltage switchgear is crucial in ensuring the uninterrupted flow of electricity to support these critical applications. As countries strive to improve their energy efficiency and reduce carbon emissions, they are investing in renewable energy sources, such as wind and solar power, which are integrated into existing electrical grids. Low voltage switchgear facilitates the efficient incorporation of renewable energy sources, helping to stabilize the grid by managing their intermittency.

Additionally, the electrification of transportation through electric vehicles (EVs) and associated charging infrastructure places additional demands on electrical grids. Low voltage switchgear supports the expansion of EV charging networks and manages the increased load on the grid. In conclusion, the global Low voltage switchgear market is strongly influenced by the growing demand for electricity on a global scale. As our reliance on electricity continues to expand in residential, commercial, industrial, and technological sectors, the need for reliable and efficient electrical distribution and transmission systems becomes increasingly crucial. Low voltage switchgear plays a pivotal role in meeting this demand, ensuring that electricity is delivered safely and reliably to power the modern world.

Renewable Energy Integration Have Played a Crucial Role in The Growth of The Low Voltage Switchgear Market.

The integration of renewable energy sources into the global energy landscape is a driving force behind the expansion of the global Low voltage switchgear market. As the world increasingly embraces sustainable and clean energy generation, Low voltage switchgear plays a pivotal role in enabling the efficient and reliable distribution of renewable power. Renewable energy integration involves incorporating sources like wind, solar, and hydroelectric power into the existing electrical grid. However, these sources are inherently intermittent, dependent on weather conditions and time of day. This intermittency poses challenges to grid stability and power quality. Low voltage switchgear addresses these challenges in several crucial ways.

Firstly, it aids in grid management by allowing operators to efficiently balance the varying outputs of renewable sources. It enables a smooth transition between conventional and renewable energy generation, ensuring a consistent power supply. Secondly, Low voltage switchgear stabilizes the grid by regulating voltage and current levels, preventing fluctuations caused by renewable energy's intermittency. This stability is essential for the reliable operation of electrical systems. Moreover, it facilitates the long-distance transmission of renewable energy from remote areas to urban centers. Low voltage switchgear reduces power losses during transmission, making it economically viable to transport renewable energy over extended distances. Furthermore, it enhances grid interconnection, allowing different renewable energy projects to work in tandem as part of an integrated grid system. This synergy improves overall grid reliability.

Additionally, Low voltage switchgear ensures safety and protection of the grid by detecting and isolating faults promptly, preventing disruptions due to intermittent renewable energy generation. Lastly, advanced switchgear technologies, such as gas-insulated switchgear (GIS), optimize utility assets by reducing space requirements and maintenance costs.

As governments, utilities, and private sectors intensify efforts to reduce greenhouse gas emissions and combat climate change, renewable energy projects are expanding globally. Consequently, the demand for Low voltage switchgear is soaring. It serves as the linchpin that enables the seamless integration of renewable energy into the grid, ensuring efficient, reliable, and sustainable energy distribution. In summary, renewable energy integration is a driving factor for the global Low voltage switchgear market. As the world transitions to a cleaner energy future, Low voltage switchgear remains instrumental in facilitating the smooth integration of renewable energy sources, creating a greener and more resilient energy landscape for the future.


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Key Market Challenges

Technological Advancements and Innovation

Contrary to the common perception that technological advancements and innovation solely benefit markets, the global Low voltage switchgear market can face hurdles stemming from rapid technological evolution. While innovation is vital for progress, it also introduces challenges for manufacturers, utilities, and end-users in the Low voltage switchgear industry. Here's how technological advancements and innovation can hamper the market: Research and Development Costs: To remain competitive and meet evolving demands, switchgear manufacturers must continually invest in research and development. The development of cutting-edge technologies, such as digital switchgear and eco-friendly insulation materials, requires substantial financial commitments. These Low R&D costs can put pressure on profit margins and affect pricing strategies. Complexity and Customization: As technological innovations introduce new features and capabilities; Low voltage switchgear becomes increasingly complex. This complexity can pose challenges for both manufacturers and users, particularly when customization is needed to adapt to specific grid requirements. Customization can drive up costs and lead to longer lead times.

Compatibility Issues: New technologies may not always seamlessly integrate with existing switchgear infrastructure. This can result in compatibility issues, requiring costly modifications or complete replacements of older equipment to accommodate innovations. Grid operators and utilities often face disruptions during such transitions.

Training and Workforce Development: Low voltage switchgear operators and maintenance personnel need to be trained and updated regularly to manage advanced technologies effectively. Skilled personnel are crucial for maintaining the reliability and safety of switchgear systems. Ensuring a well-trained workforce can be challenging and costly.

Market Disruption: Rapid technological change can disrupt established market dynamics. Incumbent manufacturers may struggle to keep up with innovative newcomers, potentially leading to market fragmentation and increased competition. This can create uncertainty for buyers and investors.

Cybersecurity Risks: As switchgear becomes more digital and connected, it becomes susceptible to cyberattacks. Ensuring robust cybersecurity measures to protect critical infrastructure introduces additional complexities and costs.

Reliability and Testing: Introducing new technologies into Low voltage switchgear systems requires rigorous testing and validation to ensure reliability and safety. This can extend product development timelines and increase costs associated with compliance and certification.

Sustainability Concerns: While technological advancements can drive energy efficiency and reduce environmental impact, they can also introduce concerns about the environmental footprint of new materials and manufacturing processes. Meeting sustainability goals and regulations is an ongoing challenge.

Market Fragmentation: The rapid pace of innovation can lead to a fragmented market with various proprietary technologies and standards. This can limit interoperability and create challenges for utilities and end-users seeking standardized solutions. In summary, technological advancements and innovation, while essential for progress, present challenges for the global Low voltage switchgear market. These challenges encompass financial investments, complexity, compatibility, workforce development, market dynamics, cybersecurity, reliability, sustainability, and standardization. Navigating these complexities and ensuring a balance between innovation and market stability is crucial for the continued growth and sustainability of the Low voltage switchgear industry.

Environmental Regulations

Environmental regulations represent a significant challenge to the global Low voltage switchgear market. While these regulations are crucial for mitigating environmental impacts and reducing greenhouse gas emissions, they also impose constraints and complexities on switchgear manufacturers and users. Here are some keyways in which environmental regulations can hamper the market: Phase-Out of SF6 Gas: Sulfur hexafluoride (SF6) gas has been a widely used insulating and arc-quenching medium in Low voltage switchgear due to its excellent electrical properties. However, SF6 is a potent greenhouse gas with a Low global warming potential. Many countries and regions are phasing out or restricting the use of SF6 due to environmental concerns. This transition requires switchgear manufacturers to develop alternative technologies and solutions, which can be costly and time-consuming.

Development Costs: Meeting stringent environmental regulations often requires significant investments in research and development to create switchgear designs that are more environmentally friendly. Developing and testing new insulation materials, such as dry air or alternative gases, can drive up development costs, impacting profitability.

Compliance Challenges: Environmental regulations can vary from one region to another, leading to compliance challenges for multinational switchgear manufacturers. Adhering to multiple sets of regulations and standards increases complexity and costs.

Recycling and Disposal: Environmental regulations often impose strict requirements on the recycling and disposal of switchgear equipment containing hazardous materials like SF6. Ensuring proper recycling and disposal practices can be logistically challenging and costly for manufacturers and users.

Market Uncertainty: Ongoing changes in environmental regulations and the potential for even stricter standards in the future can create uncertainty in the market. This uncertainty can make it challenging for companies to plan investments and long-term strategies.

Competitive Disadvantage: Manufacturers that are slower to adapt to environmental regulations or unable to provide compliant products may face a competitive disadvantage. Customers increasingly prioritize environmentally friendly and sustainable solutions, and non-compliance could lead to loss of market share.

Transition Period: The transition from older, environmentally harmful switchgear technologies to more eco-friendly alternatives can be gradual. During this transition, manufacturers and users must navigate a mix of old and new technologies, which can be operationally complex. In conclusion, while environmental regulations are crucial for reducing the environmental footprint of Low voltage switchgear and mitigating climate change, they do present formidable challenges to the industry. Switchgear manufacturers must invest in research, development, and compliance efforts to navigate this evolving regulatory landscape, all while meeting customer demands for environmentally responsible and reliable solutions. The successful adaptation to environmental regulations will be pivotal in shaping the future of the Low voltage switchgear market.  

Key Market Trends

Digitalization and Smart Grid Integration

The integration of digitalization and smart grid technologies is a driving force behind the growth of the global Low voltage switchgear market. This transformative trend is revolutionizing the way Low voltage electrical networks operate and is instrumental in addressing the evolving demands of the energy sector. Digitalization in Low voltage switchgear involves advanced sensors, communication systems, and intelligent controls. It enables real-time grid monitoring, enhancing reliability by detecting and responding to issues swiftly. Automated systems optimize power flow, reduce energy losses, and ensure grid stability without human intervention.

Smart grid integration empowers utilities to remotely operate and monitor Low voltage switchgear, improving safety and reducing on-site personnel requirements. Furthermore, it enhances grid efficiency, supports renewable energy integration, and allows demand response programs to manage peak demand effectively. Cybersecurity measures are vital in the digital age, with Low voltage switchgear susceptible to cyber threats. This drives investment in robust cybersecurity solutions. Regulatory support worldwide is accelerating grid modernization and smart grid adoption, making digitalized Low voltage switchgear a linchpin in achieving energy efficiency and sustainability goals. In conclusion, digitalization and smart grid integration are shaping the future of Low voltage switchgear, optimizing grid performance, enhancing reliability, and supporting the transition to a more resilient, efficient, and sustainable electrical infrastructure.

Modular and Compact Design

The adoption of modular and compact designs is a driving force behind the growth of the global low voltage switchgear market. This transformative trend is reshaping the way low voltage electrical distribution systems are designed, installed, and operated. Modular low voltage switchgear offers several advantages. It allows for greater flexibility in system configuration, enabling end-users to tailor their switchgear solutions to specific needs and space constraints. This adaptability is particularly valuable in environments where available space is limited, such as industrial facilities or urban substations.

Compact designs are essential for optimizing space utilization and reducing the physical footprint of switchgear installations. As urbanization and industrialization continue to increase, the demand for compact low voltage switchgear solutions rises, as they can be easily integrated into existing infrastructure or installed in confined spaces. Additionally, modular and compact switchgear designs simplify installation and maintenance processes. These systems often feature plug-and-play components that are easier to transport and assemble, reducing downtime during installation or upgrades.

Moreover, as the trend toward renewable energy integration and distributed energy resources grows, modular low voltage switchgear supports the efficient incorporation of these technologies into electrical grids. In conclusion, the adoption of modular and compact designs is enhancing the efficiency, flexibility, and sustainability of low voltage electrical distribution systems. These designs empower end-users to optimize space utilization, reduce installation and maintenance complexities, and adapt to evolving energy needs, making them a significant driver in the global low voltage switchgear market.

Segmental Insights

Product Type Insights

The market's largest contribution will be the fixed mounting LV Segment. The fixed mounting LV switchgear market is anticipated to expand at high CAGR till 2030. The adoption of these units for low failure rates along with limited adjoining parts have significantly fueled the product installation. The lack of sustainable and effective electrical infrastructures across underdeveloped and developing economies along with an inclination toward enhancing the existing networks has instituted a favorable market outlook. Moreover, adoption of advanced technological systems along with integration of smart systems will propel the market size.

Regional Insights

Asia Pacific has established itself as the leader in the Global Low Voltage Switchgear Market with a significant revenue share in 2022.  

Asia-Pacific has dominated the Low voltage switchgear market in 2018 and is expected to continue its dominance in the coming years as well. Rapid industrialization and urbanization in the Asia-Pacific (APAC) has led to an increase in electricity demand. This, in turn, has fueled the need for expansion of T&D infrastructure across the region and thereby driving the Low voltage switchgear market.


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Recent Developments

  • In April 2019, Eaton Corporation acquired 82.275% of Ulusoy Elektrik, which is into manufacturing medium voltage low voltage switchgear, medium voltage distribution transformers, and cable systems. The acquisition will allow the company to capture new markets.
  • In March 2019, Schneider launched Masterpact MTZ in India, which is a high-power low voltage circuit breaker and provides safety, enhances performance, and increases reliability.
  • In March 2019, Siemens announced its acquisition of Massachusetts-based Russelectric, a leading U.S. manufacturer of power control systems including paralleling switchgear, automatic transfer switches, and other power control systems for electric infrastructure.

 


Key Market Players

  • ABB Ltd
  • Schneider Electric SE
  • General Electric Company
  • Toshiba International Corporation
  • Mitsubishi Electric Corporation
  • Siemens AG
  • Larson & Turbo Limited
  • Bharat Heavy Electricals Limited

 

 By Product Type

By Installation

By Application

By Region
  • Fixed Mounting
  • Plug-In
  • Withdrawable Unit
  • Indoor
  • Outdoor
  • Substation
  • Distribution
  • Power Factor Correction
  • Sub-Distribution
  • Motor Control
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 Report Scope:

In this report, the Global Low Voltage Switchgear Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Low Voltage Switchgear Market, By Product Type:
    • Fixed Mounting
    • Plug-In
    • Withdrawable Unit  
  • Low Voltage Switchgear Market, By Installation:
  • Low Voltage Switchgear Market, By Application:
    • Substation
    • Distribution
    • Power Factor Correction
    • Sub-Distribution
    • Motor Control  
  • Low Voltage Switchgear Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Indonesia
    • Europe
      • Germany
      • United Kingdom
      • France
      • Russia
      • Spain
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Egypt
      • UAE
      • Israel

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Low Voltage Switchgear Market.

Available Customizations:

Global Low Voltage Switchgear Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Low Voltage Switchgear Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.3.  Markets Covered

1.4.  Years Considered for Study

1.5.  Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customers

5.    Global Low Voltage Switchgear Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Product Type (Fixed Mounting, Plug-In, Withdrawable Unit)

5.2.2.    By Installation (Indoor, Outdoor)

5.2.3.    By Application (Substation, Distribution, Power Factor Correction, Sub-Distribution, Motor Control)

5.2.4.    By Region

5.3.  By Company (2022)

5.4.  Market Map

6.    North America Low Voltage Switchgear Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Product Type

6.2.2.    By Installation

6.2.3.    By Application

6.2.4.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Low Voltage Switchgear Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value 

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Product Type

6.3.1.2.2.           By Installation

6.3.1.2.3.           By Application

6.3.2.    Canada Low Voltage Switchgear Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value 

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Product Type

6.3.2.2.2.           By Installation

6.3.2.2.3.           By Application

6.3.3.    Mexico Low Voltage Switchgear Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value 

6.3.3.1.2.           Market By Product Type

6.3.3.1.3.           By Installation

6.3.3.1.4.           By Application

7.    Asia-Pacific Low Voltage Switchgear Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Product Type

7.2.2.    By Installation

7.2.3.    By Application

7.2.4.    By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.    China Low Voltage Switchgear Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Product Type

7.3.1.2.2.           By Installation

7.3.1.2.3.           By Application

7.3.2.    India Low Voltage Switchgear Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Product Type

7.3.2.2.2.           By Installation

7.3.2.2.3.           By Application

7.3.3.    Japan Low Voltage Switchgear Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Product Type

7.3.3.2.2.           By Installation

7.3.3.2.3.           By Application

7.3.4.    South Korea Low Voltage Switchgear Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value 

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Product Type

7.3.4.2.2.           By Installation

7.3.4.2.3.           By Application

7.3.5.    Indonesia Low Voltage Switchgear Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value 

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Product Type

7.3.5.2.2.           By Installation

7.3.5.2.3.           By Application

8.    Europe Low Voltage Switchgear Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Product Type

8.2.2.    By Installation

8.2.3.    By Application

8.2.4.    By Country

8.3.  Europe: Country Analysis

8.3.1.    Germany Low Voltage Switchgear Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Product Type

8.3.1.2.2.           By Installation

8.3.1.2.3.           By Application

8.3.2.    United Kingdom Low Voltage Switchgear Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Product Type

8.3.2.2.2.           By Installation

8.3.2.2.3.           By Application

8.3.3.    France Low Voltage Switchgear Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Product Type

8.3.3.2.2.           By Installation

8.3.3.2.3.           By Application

8.3.4.    Russia Low Voltage Switchgear Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Product Type

8.3.4.2.2.           By Installation

8.3.4.2.3.           By Application

8.3.5.    Spain Low Voltage Switchgear Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Product Type

8.3.5.2.2.           By Installation

8.3.5.2.3.           By Application

9.    South America Low Voltage Switchgear Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Product Type

9.2.2.    By Installation

9.2.3.    By Application

9.2.4.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Low Voltage Switchgear Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Product Type

9.3.1.2.2.           By Installation

9.3.1.2.3.           By Application

9.3.2.    Argentina Low Voltage Switchgear Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Product Type

9.3.2.2.2.           By Installation

9.3.2.2.3.           By Application

10. Middle East & Africa Low Voltage Switchgear Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Product Type

10.2.2. By Installation

10.2.3. By Application

10.2.4. By Country

10.3.             Middle East & Africa: Country Analysis

10.3.1. Saudi Arabia Low Voltage Switchgear Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Product Type

10.3.1.2.2.         By Installation

10.3.1.2.3.         By Application

10.3.2. South Africa Low Voltage Switchgear Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Product Type

10.3.2.2.2.         By Installation

10.3.2.2.3.         By Application

10.3.3. UAE Low Voltage Switchgear Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Product Type

10.3.3.2.2.         By Installation

10.3.3.2.3.         By Application

10.3.4. Israel Low Voltage Switchgear Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value 

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Product Type

10.3.4.2.2.         By Installation

10.3.4.2.3.         By Application

10.3.5. Egypt Low Voltage Switchgear Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value 

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Product Type

10.3.5.2.2.         By Installation

10.3.5.2.3.         By Application

11. Market Dynamics

11.1.             Drivers

11.2.             Challenge

12. Market Trends & Developments

13. Company Profiles

13.1.             ABB Ltd  

13.1.1. Business Overview

13.1.2. Key Revenue and Financials (If Available)

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Product/Services

13.2.              Schneider Electric SE

13.2.1. Business Overview

13.2.2. Key Revenue and Financials

13.2.3. Recent Developments

13.2.4. Key Personnel

13.2.5. Key Product/Services

13.3.             General Electric Company

13.3.1. Business Overview

13.3.2. Key Revenue and Financials (If Available)

13.3.3. Recent Developments

13.3.4. Key Personnel

13.3.5. Key Product/Services

13.4.             Toshiba International Corporation

13.4.1. Business Overview

13.4.2. Key Revenue and Financials (If Available)

13.4.3. Recent Developments

13.4.4. Key Personnel

13.4.5. Key Product/Services

13.5.             Mitsubishi Electric Corporation

13.5.1. Business Overview

13.5.2. Key Revenue and Financials (If Available)

13.5.3. Recent Developments

13.5.4. Key Personnel

13.5.5. Key Product/Services

13.6.             Siemens AG

13.6.1. Business Overview

13.6.2. Key Revenue and Financials (If Available)

13.6.3. Recent Developments

13.6.4. Key Personnel

13.6.5. Key Product/Services

13.7.             Larson & Turbo Limited

13.7.1. Business Overview

13.7.2. Key Revenue and Financials

13.7.3. Recent Developments

13.7.4. Key Personnel

13.7.5. Key Product/Services

13.8.             Bharat Heavy Electricals Limited

13.8.1. Business Overview

13.8.2. Key Revenue and Financials (If Available)

13.8.3. Recent Developments

13.8.4. Key Personnel

13.8.5. Key Product/Services

14. Strategic Recommendations

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Low Voltage Switchgear Market was USD 63.08 Billion in 2022.

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The market's largest contribution will be the Gas-Insulated Switchgear Segment. Gas-insulated Low voltage switchgear (GIS) is compact metal-enclosed switchgear, consisting of Low voltage components, such as disconnectors and circuit breakers.

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The stringent environmental and safety regulations expected to hinder the growth of the Low Voltage Switchgear market.

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Factors such as Increasing electricity generation and consumption, are likely to drive the Low Voltage Switchgear market during the forecast period.

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Parvati Sharma

Account Manager BD
Press Release

Low Voltage Switchgear Market to be dominated by Fixed Mounting segment through 2028.

Sep, 2023

Increasing electricity generation and consumption to drive Global Low Voltage Switchgear Market in the forecast period, 2023-2028.

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