Learn about the global low voltage switchgear market through The Business Research Company, which provides information on low voltage switchgear market size, low voltage switchgear market drivers and restraints, low voltage switchgear market players, the COVID-19 impact on the low voltage switchgear market, and more.

The global low voltage switchgear market size is expected to grow from $25.77 billion in 2021 to $29.54 billion in 2022 at a compound annual growth rate (CAGR) of 14.6%. The growth in the market 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 low voltage switchgear market is expected to reach $46.34 billion in 2026 at a CAGR of 11.9%.

The demand for electricity generation is projected to drive the low voltage switchgear market.

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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.

Global Low Voltage Switchgear Market Segments Include:

By Product: Fixed Mounting, Plug-In, Withdrawable Unit

By End-User: Residential, Commercial, Industrial

By Voltage Rating: Less than 250V, 250-750V, 751-1000V

By Installation: Indoor, Outdoor

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the low voltage switchgear market in 2021.

Development of digital switchgear has become an emerging trend in the low voltage switchgear market. Digital switchgears use the collected information to analyze performance of current levels, temperature, operating cycles and load levels that helps in improving the performance and reliability of switchgears. Smart switchgears allow grid optimization, improved quality, and reduce both transmission and operating losses.

TBRC’s low voltage switchgear market report covers:

Major Market Players: 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, and L&T Electrical and Automation.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Low Voltage Switchgear Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides low voltage switchgear market overviews, analyzes and forecasts market size, share, low voltage switchgear market players, low voltage switchgear market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s low voltage switchgear market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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