The worldwide LV and MV Switchgear market touched xxx million USD with a CAGR xx % from 2015-2019 around the world. In the future, it is predicted to reach xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
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.
Asia-Pacific has the largest global export quantity and manufacturers in LV and MV Switchgear market, while the Europe is the second sales volume market for LV and MV Switchgear in 2018.
In the industry, ABB profits most in 2018 and recent years, while Schneider Electric and EATON ranked 2 and 3.The market share of them is 11.39%, 10.69% and 5.93% in 2018.The gap of market share is keep on enlarged due to different strategy.
s the report focuses on global LV and MV Switchgear market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
In market segmentation by manufacturers, the report covers the following companies-
ABB
Schneider Electric
EATON
SIEMENS
Mitsubishi Electric
Fuji Electric
Hyundai Heavy Industries
Toshiba
CHINT
Hyosung
Meidensha Corporation
Wecome
LSIS Co. Ltd.
HEAG
CTCS
Sunrise Group
SHVS
SENTEG
In market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In market segmentation by types covers:
LV Switchgear
MV Switchgear
In market segmentation by applications :
Residential
Infrastructure & Utilities
Power Plant
Industries
Data Center
Others
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the LV and MV Switchgear market for the forecast period 2020 - 2025?
• What are the driving forces in the LV and MV Switchgear market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the LV and MV Switchgear industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?