Global LV and MV Switchgear Sales Market Report 2021

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.

Market Analysis and Insights: Global LV and MV Switchgear Market
The global LV and MV Switchgear market was valued at US$ 63210 in 2020 and will reach US$ 83270 million by the end of 2027, growing at a CAGR of 4.7% during 2022-2027.

Global LV and MV Switchgear Scope and Market Size
The global LV and MV Switchgear market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global LV and MV Switchgear market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.

Segment by Type
Low Voltage Switchgear
Medium Voltage Switchgear

Segment by Application
Residential
Infrastructure & Utilities
Energy
Industries
Others

The LV and MV Switchgear market is analysed and market size information is provided by regions (countries). Segment by Application, the LV and MV Switchgear market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.

By Company
Schneider
ABB
Eaton
Siemens
GE
Mitsubishi
Fuji
HYUNDAI
Toshiba
SENTEG
Hyosung
MEIDENSHA
CHINT
Changshu Switchgear
XD
Wecome
TGOOD
HEAG
CTCS
Sunrise
SHVS