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The growing demand for electricity is expected to be a key driver of the switchgear market in the forecast period, as per The Business Research Company’s low voltage switchgear market opportunities and strategies report.

The low voltage switchgear market is expected to grow from $25.76 billion 2021 to $39.96 billion in 2026 at a rate of 9.2%. The global low voltage switchgear market size is then expected to grow at a CAGR of 7.6% from 2026 and reach $57.77 billion in 2031.

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Major players in the low voltage switchgear market include ABB, Siemens, Hitachi, Mitsubishi, Electric, Schneider Electric SE.

Electrical equipment manufacturers are increasingly offering premium low voltage switchgear to cater to the growing demand for these product categories and increased revenues. This can be attributed to the changes in consumer lifestyles and increased consumer preference for high-quality products.

The Global Low Voltage Switchgear Market Is Segmented:
By product: Fixed Mounting, Plug-In, Withdrawable Unit

By End-User: Residential, Commercial, Industrial

By Voltage Rating: 250v, 250-750v, 751-1000v

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

TBRC’s Low Voltage Switchgear Market Report Covers:

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 Market Report 2022 – Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides thorough low voltage switchgear market research, analyzes and forecasts low voltage switchgear market size, low voltage switchgear market share, low voltage switchgear market players, low voltage switchgear market trends, low voltage switchgear market segmentation 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.

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 boards and includes low voltage circuit breakers, switches, off load electrical isolators and earth leakage circuit breakers to protect the low voltage system.

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