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Low Voltage Switchgear Market 2021: Global Insights, Trends And Growth Forecast To 2030
Low Voltage Switchgear Market
The low voltage switchgear market report describes and explains the global low voltage switchgear market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
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The low voltage switchgear market consists of sales of low voltage switchgears (=1KV) and related services that manufacture low voltage switchgears which are electrical switchgear rated up to 1KV. Low voltage switchgear is used in low voltage distribution board and it includes low voltage circuit breakers, switches, off load electrical isolators and earth leakage circuit breaker to protect the low voltage system.
The global low voltage switchgear market is expected to grow from $45.4 billion in 2020 to $49.07 billion in 2021 at a compound annual growth rate (CAGR) of 8.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $66.63 billion in 2025 at a CAGR of 8%.
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Some of the major players of low voltage switchgear market are ABB Limited, Al Hassan Engineering Co. S.A.O.G., E + I Engineering Ltd., Eaton Corporation, Fuji Electric, General Electric, Hitachi Limited, Hubbell Power Systems, Hyosung Corporation, Hyundai Electric & Energy Systems, L&T Electrical and Automation, Mitsubishi Electric Corporation, Schneider Electric, Siemens AG, Skema S.p.A., Norelco Oy, Rittal, Lucy Electric UK Ltd., START Electrical Switchgear Assembly LLC., Powell Industries, C&S Electric, CHINT Group, COELME S.p.A, Guangdong Zhujiang Low voltage switchgear, HPL India, Hager, Hangzhou Zhijiang Low voltage switchgear, Havells, Teraski, LSIS, Toshiba Corporation.
The countries covered in the low voltage switchgear market report are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia.
The regions covered in the low voltage switchgear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The global low voltage switchgear market is segmented –
1) By Product: Fixed Mounting, Plug-in, Withdrawable Unit
2) By End User: Residential, Commercial, Industrial
3) By Voltage Rating: Less than 250V, 250-750V, 751-1000V
4) By Installation: Indoor, Outdoor
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Few Points From Table Of Content
1. Executive Summary
2. Low Voltage Switchgear Market Characteristics
3. Low Voltage Switchgear Market Trends And Strategies
4. Impact Of COVID-19 On Low Voltage Switchgear
5. Low Voltage Switchgear Market Size And Growth
....
26. Africa Low Voltage Switchgear Market
27. Low Voltage Switchgear Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Low Voltage Switchgear Market
29. Low Voltage Switchgear Market Future Outlook and Potential Analysis
30. Appendix
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