Press release
Global LV and MV Switchgear Market (2018-2025) by Top Manufacturers: Schneider, ABB, Eaton, Siemens
In general, switchgears are the switching devices that form the backbone of modern electrical distribution systems.
According to IEC 60947, switchgears with rated voltages up to 1000 V ac and 1500 V dc are termed as low voltage (LV) switchgear, and medium voltage (MV) switchgear is ranged from 1000V ac rating up to 36 KV and 40.5 KV in term of IEC 62271.
Schneider Electric, ABB, and Eaton captured the top three revenue share spots in the LV and MV Switchgear market in 2015.Schneider Electric dominated with 10.28 percent revenue share, followed by ABB with 9.05 percent revenue share and Eaton with 6.73 percent revenue share.
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In terms of the classification segment, Low Voltage Switchgear market accounted for over 57% of the overall share in 2014. These are generally used in industrial, commercial and domestic applications.
In terms of the applications segment, the power generation segment was the largest contributor in the LV and MV Switchgear market. In 2014 the utilities segment amounted for 35.72% revenue share. There is growth in demand for efficient and smart power generation which is required to address the futuristic demand for electricity.
The LV and MV Switchgear market was valued at xx Million US$ in 2017 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for LV and MV Switchgear.
Major Key Manufacturers of LV and MV Switchgear Market are: Schneider, ABB, Eaton, Siemens, GE, Mitsubishi, Fuji, HYUNDAI, Toshiba, SENTEG, Hyosung, MEIDENSHA, CHINT, Changshu Switchgear, XD, Wecome, TGOOD, HEAG, CTCS, Sunrise, SHVS,
LV and MV Switchgear market includes market size, segmentation data and geographical analysis of market growth trends, leading companies and microeconomic information.
Major Classification are follows:
Low Voltage Switchgear
Medium Voltage Switchgear
Major Application are follows:
Residential
Infrastructure & Utilities
Energy
Industries
Others
Click to view Tables, Charts, Figures, TOC, and Companies Mentioned in the global LV and MV Switchgear market Report at- https://www.qyresearch.com/index/detail/664508/global-lv-and-mv-switchgear-market
Regions Covered in the Global LV and MV Switchgear Market:
The Middle East and Africa (GCC Countries and Egypt)
North America (the United States, Mexico, and Canada)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
The report provides an in-depth analysis of the following –
Detailed Overview of Global LV and MV Switchgear market helps deliver clients and businesses making strategies.
It covers LV and MV Switchgear industry outlines, upstream and downstream LV and MV Switchgear market segments, cost analysis, and market utilizing power, market overview, product scope, product definition of LV and MV Switchgear market driving forces.
To provide detailed analysis, Market size and drivers during 2018 to 2025 including various segments and sub-segments of the Global LV and MV Switchgear Market
Analysis of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand
The analysis of the competitive landscape of the global LV and MV Switchgear market. It provides an overview of key players, together with information regarding key alliances, strategic initiatives, and financial analysis
To provides Industrial Chain, Sourcing Strategy and Downstream Buyers, Marketing Strategy Analysis, Distributors/Traders and Market Effect Factors Analysis of LV and MV Switchgear market
The LV and MV Switchgear market report covers Volume, Revenue and Price Forecast 2018 to 2025
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Following are the years considered to forecast market size of the global LV and MV Switchgear market:
Base Years- 2017
History year- 2013-2017
Projected Year- 2018-2025
In conclusion, the report makes some important proposals for a new project of LV and MV Switchgear Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of 2018-2025 global LV and MV Switchgear Market covering all important parameters.
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