LV and MV Switchgear Market : Vast Rise in Electrification Rates to Drive Market Across Emerging Economies
The highly competitive global market for low voltage (LV) and medium voltage (MV) switchgear holds intense price-based competition, a significant risk of backward integration by big vendors, and a low level of product differentiation, observes a recent report by Transparency Market Research. The global low voltage and medium voltage switchgear market features a relatively fragmented competitive landscape, with Schneider Electric SE accounting for the dominant share in key regional markets such as North America, Europe, and Asia Pacific.
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