About Low Voltage Switchgear
The present technical manual is intended as an aid in project design and the application of low-voltage switchgear and control gear in switchgear assemblies and machine control. Low-voltage metal-enclosed switchgear is a three-phase power distribution product designed to safely, efficiently, and reliably supply electric power. LV Switchgear comprises low voltage circuit breakers, offload electrical isolators, switches, HRC fuses, earth leakage circuit breakers, miniature circuit breakers (MCB) i.e. all the accessories essential to protect the LV system. The most common use of LV switchgear is in LV distribution boarding.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.1% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that European Manufacturers will contribute the maximum growth to Global Low Voltage Switchgear market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB (Switzerland), Siemens (Germany), Schneider (France), Alstom (France), SIM Switchgear (United Kingdom), Hallson Ltd (United Kingdom), Twyver Switchgear (United Kingdom), Eaton Corporation Inc. (Ireland), Bowers Electricals (United Kingdom), Knight Electrical Switchgear Ltd (United Kingdom), Slaters Electricals Limited (United Kingdom) and TES Power (Ireland) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Low Voltage Switchgear market by Type (Upto 1kV, 1kV - 5kV, 6kV - 15kV, 16kV - 27kV and 28kV - 38kV), Application (Commercial, Industrial, Residential, Utilities and Others) and Region.
On the basis of geography, the market of Low Voltage Switchgear has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Installation, the sub-segment i.e. Indoor will boost the Low Voltage Switchgear market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Protection Type, the sub-segment i.e. Circuit Break will boost the Low Voltage Switchgear market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mounting Type, the sub-segment i.e. Fixed will boost the Low Voltage Switchgear market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Need for Safe and Cost Saving Electric Switchgears and Introduction to Electric Switchgears with Negliblle Operational Tolerance
Market Growth Drivers:
Rising Adoption of Electrical Switchgears in Transmission and Distribution (T&D) Utilities and Growing Electrical Infrastructure from the Developing Economies
Challenges:
High Competition Between Established Players
Restraints:
Availability of Substitutes and Rising Competition from the Unorganized Sector of the Switchgear Market
Opportunities:
Infrastructure Development in Developing and Continues Technological Advancements in Low Voltage Switchgear Manufacturing
Market Leaders and their expansionary development strategies
On September 27, 2023, Schneider Electric and AVEVA signed a strategic partnership to offer integrated building management solutions with low-voltage switchgear integration.
On October 25, 2023, Siemens launched its SENTRON PAC portfolio of intelligent low-voltage switchgear with advanced monitoring and control capabilities. This successful launch will help Siemens maintain its position in the market.
Key Target Audience
Manufacturers of Low Voltage Switchgear, Suppliers of Low Voltage Switchgear, Wholesalers, Distributors and Retailers of Low Voltage Switchgear, Telecom Industry, Governmental Bodies and Regulatory Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.