Los Angeles, CA -- (SBWire) -- 04/10/2019 --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.
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In terms of the classification segment, Low Voltage Switchgear market accounted for over 57% of the overall share in 2014. These are generally used in industrial, commercial and domestic applications.
In terms of the applications segment, the power generation segment was the largest contributor in the LV and MV Switchgear market. In 2014 the utilities segment amounted for 35.72% revenue share. There is growth in demand for efficient and smart power generation which is required to address the futuristic demand for electricity.
The global LV and MV Switchgear market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025.
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This report studies the LV and MV Switchgear market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of LV and MV Switchgear in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Schneider
ABB
Eaton
Siemens
GE
Mitsubishi
Fuji
HYUNDAI
Toshiba
SENTEG
Hyosung
MEIDENSHA
CHINT
Changshu Switchgear
XD
Wecome
TGOOD
HEAG
CTCS
Sunrise
SHVS
By the product type, the market is primarily split into
Low Voltage Switchgear
Medium Voltage Switchgear
By the end users/application, this report covers the following segments
Residential
Infrastructure & Utilities
Energy
Industries
Others
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Global LV and MV Switchgear Market Volume Analysis, Segments, Value Share and Key Trends by 2025