Press release
LV and MV Switchgear Market Size, Share, Development by 2024
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https://www.globalinforesearch.com/global-lv-and-mv-switchgear-market_p107839.html
In general, switchgears are the switching devices that form the backbone of modern electrical distribution systems.
Scope of the Report:
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.
Asia-Pacific has the largest global export quantity and manufacturers in LV and MV Switchgear market, while the Europe is the second sales volume market for LV and MV Switchgear in 2018.
In the industry, ABB profits most in 2018 and recent years, while Schneider Electric and EATON ranked 2 and 3.The market share of them is 11.39%, 10.69% and 5.93% in 2018.The gap of market share is keep on enlarged due to different strategy.
The worldwide market for LV and MV Switchgear is expected to grow at a CAGR of roughly 4.7% over the next five years, will reach 68600 million US$ in 2024, from 54600 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the LV and MV Switchgear in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
ABB
Schneider Electric
EATON
SIEMENS
Mitsubishi Electric
Fuji Electric
Hyundai Heavy Industries
Toshiba
CHINT
Hyosung
Meidensha Corporation
Wecome
LSIS Co. Ltd.
HEAG
CTCS
Sunrise Group
SHVS
SENTEG
Market Segment by Type, covers
LV Switchgear
MV Switchgear
Market Segment by Applications, can be divided into
Residential
Infrastructure & Utilities
Power Plant
Industries
Data Center
Others
For More Information On This Report, Please Visit @
https://www.globalinforesearch.com/global-lv-and-mv-switchgear-market_p107839.html
Related Information:
North America LV and MV Switchgear Market Growth 2019-2024
United States LV and MV Switchgear Market Growth 2019-2024
Asia-Pacific LV and MV Switchgear Market Growth 2019-2024
Europe LV and MV Switchgear Market Growth 2019-2024
EMEA LV and MV Switchgear Market Growth 2019-2024
Global LV and MV Switchgear Market Growth 2019-2024
China LV and MV Switchgear Market Growth 2019-2024
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