Low Voltage (LV) and Medium Voltage (MV) Switchgear Market

Low Voltage (LV) and Medium Voltage (MV) Switchgear Market [Voltage Range: Less than 1kV, 1kV – 5kV, 6kV – 15kV, 17kV – 27kV, and 28kV – 40kV] - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Outlook 2031

  • The global low voltage (LV) and medium voltage (MV) switchgear market was valued at US$ 49.4 Bn in 2021
  • It is estimated to grow at a CAGR of 5.3% from 2022 to 2031
  • The global low voltage (LV) and medium voltage (MV) switchgear market is expected to reach US$ 82.8 Bn by the end of 2031

Analysts’ Viewpoint on Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Scenario

Switchgear refers to an amalgamation of electrical switching devices whose function is to switch, control, regulate, isolate, and protect electrical circuits and equipment. Products in the switchgear ambit include switches, circuit breakers, switch fuse units, contractors, HRC fuses, offload isolators, and earth leakage circuit breakers. Demand for low and medium voltage switchgear is expected to increase consistently in Asia Pacific owing to industrial development, rise in expenditure by governments on boosting infrastructure development, and addition of power capacity by key players. Rapid expansion and modernization of power generation plants across different parts of Asia Pacific in order to cater to the rising demand for electricity is anticipated to propel the adoption rate of switchgears in various power generation plants.

low voltage and medium voltage switchgear market

Overview of Global Low voltage (LV) and Medium Voltage (MV) Switchgear Market

Rise in concerns about emission of CO2 of old transmission and distribution networks has triggered the demand for the installation of new medium voltage switchgear assembly. Low and medium voltage switchgears are directly linked to reliability of the supply of electricity. Advancements in features of SF6 switchgear, such as low noise level during operation, long maintenance intervals, excellent interrupting performance, environment compatibility, and small space requirement, are propelling the low and medium voltage switchgear market. The upgrade of aging transmission and distribution infrastructure is further anticipated to fuel the market. Around 65 gigawatts of onshore wind turbines are expected to reach end-of-design-life in Europe by 2028. The upgrade of equipment in order to extend their lifespan is estimated to drive the market for low and medium voltage switchgear. New regulations to reduce or limit power blackouts and strengthen power distribution networks are creating opportunities for manufacturers of the power sector equipment. Growth in usage of the equipment to make smarter decisions by providing real-time data is a major factor driving the global market.

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Adoption of Smart Grid Technology to Drive Global Market

Lack of electrification in various countries across the world has been inhibiting the use of switchgear and other advanced equipment, which require electricity. Grid electrification and adoption is high among rural households; electric grid has become the primary source of electricity and lighting. This is boosting the demand for low voltage and medium voltage switchgear. As of 2018, the electrification rate stood at less than 75% in rural areas in various countries in Asia such as Myanmar, Pakistan, North Korea, and Bangladesh. It was less than 50% in several countries in Africa. Initiatives taken by the governments of China, Sri Lanka, and India to achieve 100% rural electrification are also anticipated to propel the demand for low and medium voltage switchgear in the next few years. Increase in electrification and adoption of smart grid technology across different parts of the world is likely to augment the demand for low and medium voltage switchgear from 2022 to 2031.

High Demand for Reliable and Efficient Air Insulated Switchgears to Boost Market

In terms of insulation, the global low voltage (LV) and medium voltage (MV) switchgear market has been split into air insulated switchgear, gas insulated switchgear, and others (oil and solid). The air insulated switchgear segment held major share of 68.24% in 2021. It is likely to maintain the status quo and expand at a growth rate of 5.6% during the forecast period. In this type of switchgear, the air is utilized as the primary dielectric from phase to ground or for phase to phase insulation technology. These switchgears are extensively employed in areas where weather conditions, space, seismic occurrences, and environmental concerns are generally not an issue such as favourable offsite terrain and rural areas. Air insulation offers several advantages such as easy installation, remote monitoring and control, reliable switching of SF6 gas, and ease of transport and storage. Thus, manufacturers are increasingly focusing on the development of air insulated low and medium voltage switchgears. For Instance, MITSUBISHI ELECTRIC provides a variety of medium/low voltage products to ensure the safe and reliable operation of modern power network. The company is also focusing on offering the society a clean environment (sf6-free) and energy-efficient low lifecycle cost solutions.

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Increase in Demand for LV and MV Switchgears in Indoor Manufacturing Plants

Based on installation, the global low voltage (LV) and medium voltage (MV) switchgear market has been bifurcated into indoor and outdoor. The indoor low and medium voltage switchgear segment held a share of 65.20% in 2021. Furthermore, the segment is expected to register a CAGR of 5.6% during the forecast period. Indoor switchgear is preferred for voltages below 40kV. The pieces of equipment in the system are packed together in an earthed metal case, i.e., most of the low and medium voltage switchgear are indoor installed. Outdoor type switchgear is used for voltages above 66kV. Equipment used by the system such as transformers, switches, and circuit breakers requires a considerably large surface area and wide electrical clearance between conductors at such high magnitude of voltages. This type of installation is not cost-effective.

Regional Outlook of Global Low voltage (LV) and Medium Voltage (MV) Switchgear Market

Asia Pacific held a prominent share of 39.12% of the global low voltage (LV) and medium voltage (MV) switchgear market in 2021. Asia Pacific and North America are major hubs of research and development activities in the field of technology and new product development. Lucrative presence of low voltage switchgear and medium voltage switchgear manufacturers is driving the market in these regions. North America held 26.36% share of the global market in 2021 due to the presence of several prominent manufacturing corporations that offer electrification components for various industries. China dominated the market in Asia Pacific in 2021 due to the increase in power grid construction in the country. Government initiatives in renewable energy is also boosting the LV and MV switchgear market in the country. For instance, in December 2020, Hitachi ABB Power Grids introduced a 72.5 kV high-voltage hybrid switchgear for offshore wind – Plug and Switch System (PASS) M00 – Wind. The hybrid switchgear would be installed at China’s first 66-kilovolt offshore wind farm, Huadian Yuhuan Phase 1, to optimize the energy landscape in the Yangtze River Delta. This has boosted the adoption LV switchgears and MV switchgears in the country.

Analysis of Key Players in Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market

The global low voltage (LV) and medium voltage (MV) switchgear market is consolidated with the presence of established players who have stronghold on the global market for LV and MV switchgear. Majority of medium and low voltage switchgear companies are spending significantly on comprehensive research & development activities, primarily to develop environment-friendly products. Most of the low voltage switchgear manufacturers can choose their suppliers from a large number of raw interface suppliers worldwide. Large numbers of raw material suppliers are available across the globe. Sometimes, clients also provide a raw interface to meet their requirements. Expansion of product portfolios and mergers and acquisitions are notable strategies adopted by key players. ABB, CG Power & Industrial Solutions Ltd., Eaton Corporation plc., Efacec, Fuji Electric Co., Ltd., General Electric, Hyosung Heavy Industries, Powell Industries Inc., Siemens AG, Schneider Electric SE, Mitsubishi Electric Corporation, BHEL, and Regal Rexnord Corporation are the prominent entities operating in the market.

Key Developments in Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market

  • In May 2022, Schneider Electric SE launched a new digital enabled SureSeT medium voltage (MV) switchgear to cater to the market in North America. The new solution replaced the Masterclad solution for primary switchgear applications with a stronger, smaller, and smarter solution for managing digital day-to-day operations.
  • In February 2021, Mitsubishi Electric Corporation announced that its latest products, METTA low voltage power switchgears and control gears panels (low voltage panels and medium voltage panels), are 100% weld-free and provide customers with the maximum flexibility to utilize switchboards
  • In October 2020, ABB Ltd. launched an ANSI medium-voltage digital switchgear. This UL-certified medium-voltage digital switchgear provides digitalization of the protection and control system. ABB is also working on simplifying switchgear construction to increase safety and versatility.
  • In June 2019, Efacec Power Solutions launched neoGEN switchgear, a new range of products made of innovative, environmentally friendly and SF6 gas-free technology that combines resistance to ambient conditions with the flexibility and extendibility of a modular design
  • In November 2018, Eaton Corporation Plc. launched the medium voltage switchgear trio of products. These 24 kV tri products contain MX single-busbar switchgear, W-VACi vacuum circuit breakers, and Unitole UX withdrawable switchgear with applications in distribution networks, infrastructure, and the industrial sector.

Each of these players has been profiled in the low voltage (LV) and medium voltage (MV) switchgear market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Snapshot

Attribute

Detail

Market Size Value in 2021

US$ 49.4 Bn

Market Forecast Value in 2031

US$ 82.8 Bn

Growth Rate

(CAGR)

5.3%

Forecast Period

2022–2031

Historical Data Available for

2017–2020

Quantitative Units

US$ Mn for Value & Thousand Units for Volume

Market Analysis

It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2021)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Voltage Range
    • Less than 1kV
    • 1kV – 5kV
    • 6kV – 15kV
    • 17kV – 27kV
    • 28kV – 40kV
  • Components
    • Circuit Breaker
    • Relays
    • Bus Bars and Switches
    • Others (Enclosure, Isolators, Fuses)
  • Insulation
    • Air Insulated Switchgear
    • Gas Insulated Switchgear
    • Others (Oil and Solid)
  • Installation
    • Indoor
    • Outdoor
  • End-use Industry
    • Automotive
    • IT and Telecommunication
    • Energy & Utility
    • Metals & Mining
    • Food & Beverages
    • Chemicals
    • Oil & Gas
    • Building & Construction
    • Others (Water & Waste Water, Textile, etc.)

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Countries Covered

  • U.S.
  • Canada
  • U.K.
  • Germany
  • France
  • China
  • India
  • Japan
  • South Korea
  • ASEAN
  • South Africa
  • Brazil

Companies Profiled

  • ABB
  • CG Power & Industrial Solutions Ltd.;
  • Eaton Corporation plc.
  • Efacec
  • Fuji Electric Co., Ltd.
  • General Electric
  • Hyosung Heavy Industries
  • Powell Industries Inc.
  • Siemens AG
  • Schneider Electric SE
  • Mitsubishi Electric Corporation
  • BHEL
  • Regal Rexnord Corporation

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big is the low voltage (LV) and medium voltage (MV) switchgear market in 2021?

The low voltage (LV) and medium voltage (MV) switchgear market stood at US$ 49.4 Bn in 2021.

How the low voltage (LV) and medium voltage (MV) switchgear market is expected to grow by 2031?

The low voltage (LV) and medium voltage (MV) switchgear market is expected to grow at a CAGR of 5.3% by 2031.

How much worth the low voltage (LV) and medium voltage (MV) switchgear market will be in 2031?

The low voltage (LV) and medium voltage (MV) switchgear market would reach US$ 82.8 Bn in 2031.

Who are the prominent players in the low voltage (LV) and medium voltage (MV) switchgear market?

Prominent players operating in the low voltage (LV) and medium voltage (MV) switchgear market include ABB, Schneider Electric SE, Siemens AG, General Electric, Eaton Corporation plc, Mitsubishi Electric Corporation, Powell Industries Inc., Fuji Electric Co., Ltd., BHEL, Hyosung Heavy Industries, Regal Rexnord Corporation, CG Power & Industrial Solutions Ltd., and Efacec.

How big is the U.S. in the low voltage (LV) and medium voltage (MV) switchgear market?

The U.S. accounted for 19.54% of share of the low voltage (LV) and medium voltage (MV) switchgear market in 2021.

What is the share of air insulated switchgear segment in low voltage (LV) and medium voltage (MV) switchgear market?

Based on type, the air insulated segment held 68.24% share of the low voltage (LV) and medium voltage (MV) switchgear market in 2021.

What are the prominent trends in the low voltage (LV) and medium voltage (MV) switchgear market?

Deployment of safety systems using lock and/or padlock for LV and MV switchgear and rising adoption of smart switchgear are key factors driving the market.

Which region is more lucrative in low voltage (LV) and medium voltage (MV) switchgear market?

Asia Pacific is a more lucrative region of the global low voltage (LV) and medium voltage (MV) switchgear market.

    1. Preface

        1.1. Market Introduction

        1.2. Market and Segments Definition

        1.3. Market Taxonomy

        1.4. Research Methodology

        1.5. Assumption and Acronyms

    2. Executive Summary

        2.1. Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Overview

        2.2. Regional Outline

        2.3. Industry Outline

        2.4. Market Dynamics Snapshot

        2.5. Competition Blueprint

    3. Market Dynamics

        3.1. Macro-economic Factors

        3.2. Drivers

        3.3. Restraints

        3.4. Opportunities

        3.5. Key Trends

        3.6. Regulatory Framework

    4. Associated Industry and Key Indicator Assessment

        4.1. Parent Industry Overview – Global Switchgear Industry Overview

        4.2. Supply Chain Analysis

        4.3. Pricing Analysis

        4.4. Technology Roadmap Analysis

        4.5. Industry SWOT Analysis

        4.6. Porter Five Forces Analysis

        4.7. Covid-19 Impact and Recovery Analysis

    5. Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Analysis, by Voltage Range

        5.1. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Voltage Range, 2017–2031

            5.1.1. Less than 1kV

            5.1.2. 1kV – 5kV

            5.1.3. 6kV – 15kV

            5.1.4. 17kV – 27kV

            5.1.5. 28kV – 40kV 

        5.2. Market Attractiveness Analysis, by Voltage Range

    6. Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Analysis, by Components

        6.1. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Components, 2017–2031

            6.1.1. Circuit Breaker

            6.1.2. Relays

            6.1.3. Bus Bars and Switches

            6.1.4. Others (Enclosure, Isolators, Fuses) 

        6.2. Market Attractiveness Analysis, by Components

    7. Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Analysis, by Insulation

        7.1. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Insulation, 2017–2031

            7.1.1. Air Insulated Switchgear

            7.1.2. Gas Insulated Switchgear

            7.1.3. Others (Oil and Solid)Others (Enclosure, Isolators, Fuses)

        7.2. Market Attractiveness Analysis, by Insulation

    8. Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Analysis, by Installation

        8.1. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) Analysis & Forecast, by Installation, 2017–2031

            8.1.1. Indoor

            8.1.2. Outdoor

        8.2. Market Attractiveness Analysis, by Installation

    9. Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Analysis, by End-use Industry

        9.1. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) Analysis & Forecast, by End-use Industry, 2017–2031

            9.1.1. Automotive

            9.1.2. IT and Telecommunication

            9.1.3. Energy & Utility

            9.1.4. Metals & Mining

            9.1.5. Food & Beverage

            9.1.6. Chemicals

            9.1.7. Oil & Gas

            9.1.8. Building & Construction

            9.1.9. Others (Water & Waste Water, Textile, etc.)

        9.2. Market Attractiveness Analysis, by End-use Industry

    10. Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Analysis and Forecast, by Region

        10.1. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Region, 2017–2031

            10.1.1. North America

            10.1.2. Europe

            10.1.3. Asia Pacific

            10.1.4. Middle East & Africa

            10.1.5. South America

        10.2. Market Attractiveness Analysis, by Region

    11. North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Analysis and Forecast

        11.1. Market Snapshot

        11.2. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Voltage Range, 2017–2031

            11.2.1. Less than 1kV

            11.2.2. 1kV – 5kV

            11.2.3. 6kV – 15kV

            11.2.4. 17kV – 27kV

            11.2.5. 28kV – 40kV 

        11.3. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Components, 2017–2031

            11.3.1. Circuit Breaker

            11.3.2. Relays

            11.3.3. Bus Bars and Switches

            11.3.4. Others (Enclosure, Isolators, Fuses)

        11.4. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Insulation, 2017–2031

            11.4.1. Air Insulated Switchgear

            11.4.2. Gas Insulated Switchgear

            11.4.3. Others (Oil and Solid)Others (Enclosure, Isolators, Fuses)

        11.5. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) Analysis & Forecast, by Installation, 2017–2031

            11.5.1. Indoor

            11.5.2. Outdoor

        11.6. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) Analysis & Forecast, by End-use Industry, 2017–2031

            11.6.1. Automotive

            11.6.2. IT and Telecommunication

            11.6.3. Energy & Utility

            11.6.4. Metals & Mining

            11.6.5. Food & Beverage

            11.6.6. Chemicals

            11.6.7. Oil & Gas

            11.6.8. Building & Construction

            11.6.9. Others (Water & Waste Water, Textile, etc.)

        11.7. Low Voltage (LV) and Medium Voltage (MV) Switchgear Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Country/Sub-region and Sub-region, 2017–2031

            11.7.1. The U.S.

            11.7.2. Canada

            11.7.3. Rest of North America

        11.8. Market Attractiveness Analysis

            11.8.1. By Voltage Range

            11.8.2. By Components

            11.8.3. By Insulation

            11.8.4. By Installation

            11.8.5. By End-use Industry

            11.8.6. By Country/Sub-region/Sub-region

    12. Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Analysis and Forecast

        12.1. Market Snapshot

        12.2. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Voltage Range, 2017–2031

            12.2.1. Less than 1kV

            12.2.2. 1kV – 5kV

            12.2.3. 6kV – 15kV

            12.2.4. 17kV – 27kV

            12.2.5. 28kV – 40kV 

        12.3. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Components, 2017–2031

            12.3.1. Circuit Breaker

            12.3.2. Relays

            12.3.3. Bus Bars and Switches

            12.3.4. Others (Enclosure, Isolators, Fuses)

        12.4. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Insulation, 2017–2031

            12.4.1. Air Insulated Switchgear

            12.4.2. Gas Insulated Switchgear

            12.4.3. Others (Oil and Solid)Others (Enclosure, Isolators, Fuses)

        12.5. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) Analysis & Forecast, by Installation, 2017–2031

            12.5.1. Indoor

            12.5.2. Outdoor

        12.6. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) Analysis & Forecast, by End-use Industry, 2017–2031

            12.6.1. Automotive

            12.6.2. IT and Telecommunication

            12.6.3. Energy & Utility

            12.6.4. Metals & Mining

            12.6.5. Food & Beverage

            12.6.6. Chemicals

            12.6.7. Oil & Gas

            12.6.8. Building & Construction

            12.6.9. Others (Water & Waste Water, Textile, etc.)

        12.7. Low Voltage (LV) and Medium Voltage (MV) Switchgear Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Country/Sub-region and Sub-region, 2017–2031

            12.7.1. The U.K.

            12.7.2. Germany

            12.7.3. France

            12.7.4. Rest of Europe

        12.8. Market Attractiveness Analysis

            12.8.1. By Voltage Range

            12.8.2. By Components

            12.8.3. By Insulation

            12.8.4. By Installation

            12.8.5. By End-use Industry

            12.8.6. By Country/Sub-region/Sub-region

    13. Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Analysis and Forecast

        13.1. Market Snapshot

        13.2. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Voltage Range, 2017–2031

            13.2.1. Less than 1kV

            13.2.2. 1kV – 5kV

            13.2.3. 6kV – 15kV

            13.2.4. 17kV – 27kV

            13.2.5. 28kV – 40kV 

        13.3. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Components, 2017–2031

            13.3.1. Circuit Breaker

            13.3.2. Relays

            13.3.3. Bus Bars and Switches

            13.3.4. Others (Enclosure, Isolators, Fuses)

        13.4. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Insulation, 2017–2031

            13.4.1. Air Insulated Switchgear

            13.4.2. Gas Insulated Switchgear

            13.4.3. Others (Oil and Solid)Others (Enclosure, Isolators, Fuses)

        13.5. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) Analysis & Forecast, by Installation, 2017–2031

            13.5.1. Indoor

            13.5.2. Outdoor

        13.6. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) Analysis & Forecast, by End-use Industry, 2017–2031

            13.6.1. Automotive

            13.6.2. IT and Telecommunication

            13.6.3. Energy & Utility

            13.6.4. Metals & Mining

            13.6.5. Food & Beverage

            13.6.6. Chemicals

            13.6.7. Oil & Gas

            13.6.8. Building & Construction

            13.6.9. Others (Water & Waste Water, Textile, etc.)

        13.7. Low Voltage (LV) and Medium Voltage (MV) Switchgear Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Country/Sub-region and Sub-region, 2017–2031

            13.7.1. China

            13.7.2. India

            13.7.3. Japan

            13.7.4. South Korea

            13.7.5. ASEAN

            13.7.6. Rest of Asia Pacific

        13.8. Market Attractiveness Analysis

            13.8.1. By Voltage Range

            13.8.2. By Components

            13.8.3. By Insulation

            13.8.4. By Installation

            13.8.5. By End-use Industry

            13.8.6. By Country/Sub-region/Sub-region

    14. Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Analysis and Forecast

        14.1. Market Snapshot

        14.2. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Voltage Range, 2017–2031

            14.2.1. Less than 1kV

            14.2.2. 1kV – 5kV

            14.2.3. 6kV – 15kV

            14.2.4. 17kV – 27kV

            14.2.5. 28kV – 40kV 

        14.3. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Components, 2017–2031

            14.3.1. Circuit Breaker

            14.3.2. Relays

            14.3.3. Bus Bars and Switches

            14.3.4. Others (Enclosure, Isolators, Fuses)

        14.4. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Insulation, 2017–2031

            14.4.1. Air Insulated Switchgear

            14.4.2. Gas Insulated Switchgear

            14.4.3. Others (Oil and Solid)Others (Enclosure, Isolators, Fuses)

        14.5. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) Analysis & Forecast, by Installation, 2017–2031

            14.5.1. Indoor

            14.5.2. Outdoor

        14.6. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) Analysis & Forecast, by End-use Industry, 2017–2031

            14.6.1. Automotive

            14.6.2. IT and Telecommunication

            14.6.3. Energy & Utility

            14.6.4. Metals & Mining

            14.6.5. Food & Beverage

            14.6.6. Chemicals

            14.6.7. Oil & Gas

            14.6.8. Building & Construction

            14.6.9. Others (Water & Waste Water, Textile, etc.)

        14.7. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Country/Sub-region and Sub-region, 2017–2031

            14.7.1. GCC

            14.7.2. South Africa

            14.7.3. Rest of Middle East and Africa

        14.8. Market Attractiveness Analysis

            14.8.1. By Voltage Range

            14.8.2. By Components

            14.8.3. By Insulation

            14.8.4. By Installation

            14.8.5. By End-use Industry

            14.8.6. By Country/Sub-region/Sub-region

    15. South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Analysis and Forecast

        15.1. Market Snapshot

        15.2. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Voltage Range, 2017–2031

            15.2.1. Less than 1kV

            15.2.2. 1kV – 5kV

            15.2.3. 6kV – 15kV

            15.2.4. 17kV – 27kV

            15.2.5. 28kV – 40kV 

        15.3. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Components, 2017–2031

            15.3.1. Circuit Breaker

            15.3.2. Relays

            15.3.3. Bus Bars and Switches

            15.3.4. Others (Enclosure, Isolators, Fuses)

        15.4. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Insulation, 2017–2031

            15.4.1. Air Insulated Switchgear

            15.4.2. Gas Insulated Switchgear

            15.4.3. Others (Oil and Solid)Others (Enclosure, Isolators, Fuses)

        15.5. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) Analysis & Forecast, by Installation, 2017–2031

            15.5.1. Indoor

            15.5.2. Outdoor

        15.6. Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Value (US$ Mn) Analysis & Forecast, by End-use Industry, 2017–2031

            15.6.1. Automotive

            15.6.2. IT and Telecommunication

            15.6.3. Energy & Utility

            15.6.4. Metals & Mining

            15.6.5. Food & Beverage

            15.6.6. Chemicals

            15.6.7. Oil & Gas

            15.6.8. Building & Construction

            15.6.9. Others (Water & Waste Water, Textile, etc.)

        15.7. Low Voltage (LV) and Medium Voltage (MV) Switchgear Value (US$ Mn) and Volume (Thousand Units) Analysis & Forecast, by Country/Sub-region and Sub-region, 2017–2031

            15.7.1. Brazil

            15.7.2. Rest of South America

        15.8. Market Attractiveness Analysis

            15.8.1. By Voltage Range

            15.8.2. By Components

            15.8.3. By Insulation

            15.8.4. By Installation

            15.8.5. By End-use Industry

            15.8.6. By Country/Sub-region/Sub-region

    16. Competition Assessment

        16.1. Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Competition Matrix - a Dashboard View

            16.1.1. Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Company Share Analysis, by Value (2021)

            16.1.2. Technological Differentiator

    17. Company Profiles (Global Manufacturers/Suppliers)

        17.1. ABB

            17.1.1. Overview

            17.1.2. Product Portfolio

            17.1.3. Sales Footprint

            17.1.4. Key Subsidiaries or Distributors

            17.1.5. Strategy and Recent Developments

            17.1.6. Key Financials

        17.2. CG Power & Industrial Solutions Ltd.

            17.2.1. Overview

            17.2.2. Product Portfolio

            17.2.3. Sales Footprint

            17.2.4. Key Subsidiaries or Distributors

            17.2.5. Strategy and Recent Developments

            17.2.6. Key Financials

        17.3. Eaton Corporation plc.

            17.3.1. Overview

            17.3.2. Product Portfolio

            17.3.3. Sales Footprint

            17.3.4. Key Subsidiaries or Distributors

            17.3.5. Strategy and Recent Developments

            17.3.6. Key Financials

        17.4. Efacec

            17.4.1. Overview

            17.4.2. Product Portfolio

            17.4.3. Sales Footprint

            17.4.4. Key Subsidiaries or Distributors

            17.4.5. Strategy and Recent Developments

            17.4.6. Key Financials

        17.5. Fuji Electric Co., Ltd.

            17.5.1. Overview

            17.5.2. Product Portfolio

            17.5.3. Sales Footprint

            17.5.4. Key Subsidiaries or Distributors

            17.5.5. Strategy and Recent Developments

            17.5.6. Key Financials

        17.6. General Electric

            17.6.1. Overview

            17.6.2. Product Portfolio

            17.6.3. Sales Footprint

            17.6.4. Key Subsidiaries or Distributors

            17.6.5. Strategy and Recent Developments

            17.6.6. Key Financials

        17.7. Hyosung Heavy Industries

            17.7.1. Overview

            17.7.2. Product Portfolio

            17.7.3. Sales Footprint

            17.7.4. Key Subsidiaries or Distributors

            17.7.5. Strategy and Recent Developments

            17.7.6. Key Financials

        17.8. Powell Industries Inc.

            17.8.1. Overview

            17.8.2. Product Portfolio

            17.8.3. Sales Footprint

            17.8.4. Key Subsidiaries or Distributors

            17.8.5. Strategy and Recent Developments

            17.8.6. Key Financials

        17.9. Siemens AG

            17.9.1. Overview

            17.9.2. Product Portfolio

            17.9.3. Sales Footprint

            17.9.4. Key Subsidiaries or Distributors

            17.9.5. Strategy and Recent Developments

            17.9.6. Key Financials

        17.10. Schneider Electric SE

            17.10.1. Overview

            17.10.2. Product Portfolio

            17.10.3. Sales Footprint

            17.10.4. Key Subsidiaries or Distributors

            17.10.5. Strategy and Recent Developments

            17.10.6. Key Financials

        17.11. Mitsubishi Electric Corporation

            17.11.1. Overview

            17.11.2. Product Portfolio

            17.11.3. Sales Footprint

            17.11.4. Key Subsidiaries or Distributors

            17.11.5. Strategy and Recent Developments

            17.11.6. Key Financials

        17.12. BHEL

            17.12.1. Overview

            17.12.2. Product Portfolio

            17.12.3. Sales Footprint

            17.12.4. Key Subsidiaries or Distributors

            17.12.5. Strategy and Recent Developments

            17.12.6. Key Financials

        17.13. Regal Rexnord Corporation

            17.13.1. Overview

            17.13.2. Product Portfolio

            17.13.3. Sales Footprint

            17.13.4. Key Subsidiaries or Distributors

            17.13.5. Strategy and Recent Developments

            17.13.6. Key Financials

    18. Recommendation

        18.1. Opportunity Assessment

            18.1.1. By Voltage Range

            18.1.2. By Components

            18.1.3. By Insulation

            18.1.4. By Installation

            18.1.5. By End-use Industry

            18.1.6. By Region

    List of Tables

    Table 01: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Voltage Range, Value (US$ Mn), 2017‒2031

    Table 02: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Voltage Range, Volume (Thousand Units), 2017‒2031 

    Table 03: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Components, Value (US$ Mn), 2017‒2031

    Table 04: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Components, Volume (Thousand Units), 2017‒2031 

    Table 05: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Insulation, Value (US$ Mn), 2017‒2031

    Table 06: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Insulation, Volume (Thousand Units), 2017‒2031

    Table 07: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Installation, Value (US$ Mn), 2017‒2031

    Table 08: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by End-use Industry, Value (US$ Mn), 2017‒2031

    Table 09: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Region, Value (US$ Mn), 2017‒2031

    Table 10: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Region, Volume (Thousand Units), 2017‒2031

    Table 11: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Voltage Range, Value (US$ Mn), 2017‒2031

    Table 12: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Voltage Range, Volume (Thousand Units), 2017‒2031 

    Table 13: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Components, Value (US$ Mn), 2017‒2031

    Table 14: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Components, Volume (Thousand Units), 2017‒2031 

    Table 15: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Insulation, Value (US$ Mn), 2017‒2031

    Table 16: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Insulation, Volume (Thousand Units), 2017‒2031

    Table 17: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Installation, Value (US$ Mn), 2017‒2031

    Table 18: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by End-use Industry, Value (US$ Mn), 2017‒2031

    Table 19: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Country/Sub-region, Value (US$ Mn), 2017‒2031

    Table 20: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Country/Sub-region, Volume (Thousand Units), 2017‒2031

    Table 21: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Voltage Range, Value (US$ Mn), 2017‒2031

    Table 22: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Voltage Range, Volume (Thousand Units), 2017‒2031 

    Table 23: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Components, Value (US$ Mn), 2017‒2031

    Table 24: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Components, Volume (Thousand Units), 2017‒2031 

    Table 25: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Insulation, Value (US$ Mn), 2017‒2031

    Table 26: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Insulation, Volume (Thousand Units), 2017‒2031

    Table 27: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Installation, Value (US$ Mn), 2017‒2031

    Table 28: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by End-use Industry, Value (US$ Mn), 2017‒2031

    Table 29: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Country and Sub-region, Value (US$ Mn), 2017‒2031

    Table 30: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Country and Sub-region, Volume (Thousand Units), 2017‒2031

    Table 31: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Voltage Range, Value (US$ Mn), 2017‒2031

    Table 32: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Voltage Range, Volume (Thousand Units), 2017‒2031 

    Table 33: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Components, Value (US$ Mn), 2017‒2031

    Table 34: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Components, Volume (Thousand Units), 2017‒2031 

    Table 35: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Insulation, Value (US$ Mn), 2017‒2031

    Table 36: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Insulation, Volume (Thousand Units), 2017‒2031

    Table 37: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Installation, Value (US$ Mn), 2017‒2031

    Table 38: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by End-use Industry, Value (US$ Mn), 2017‒2031

    Table 39: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Country and Sub-region, Value (US$ Mn), 2017‒2031

    Table 40: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Country and Sub-region, Volume (Thousand Units), 2017‒2031

    Table 41: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Voltage Range, Value (US$ Mn), 2017‒2031

    Table 42: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Voltage Range, Volume (Mn Units), 2017‒2031 

    Table 43: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Components, Value (US$ Mn), 2017‒2031

    Table 44: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Components, Volume (Mn Units), 2017‒2031 

    Table 45: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Insulation, Value (US$ Mn), 2017‒2031

    Table 46: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Insulation, Volume (Mn Units), 2017‒2031

    Table 47: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Installation, Value (US$ Mn), 2017‒2031

    Table 48: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by End-use Industry, Value (US$ Mn), 2017‒2031

    Table 49: Middle East & Africa (MEA) Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Country and Sub-region, Value (US$ Mn), 2017‒2031

    Table 50: Middle East & Africa (MEA) Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Country and Sub-region, Volume (Mn Units), 2017‒2031

    Table 51: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Voltage Range, Value (US$ Mn), 2017‒2031

    Table 52: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Voltage Range, Volume (Mn Units), 2017‒2031 

    Table 53: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Components, Value (US$ Mn), 2017‒2031

    Table 54: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Components, Volume (Mn Units), 2017‒2031 

    Table 55: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Insulation, Value (US$ Mn), 2017‒2031

    Table 56: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Insulation, Volume (Mn Units), 2017‒2031

    Table 57: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Installation, Value (US$ Mn), 2017‒2031

    Table 58: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by End-use Industry, Value (US$ Mn), 2017‒2031

    Table 59: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Country and Sub-region, Volume (Mn Units), 2017‒2031

    Table 60: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Country and Sub-region, Volume (Mn Units), 2017‒2031

    List of Figures

    Figure 01: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, Value (US$ Mn), 2017‒2031 

    Figure 02: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, Volume (Thousand Units), 2017‒2031 

    Figure 03: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market, Value (US$ Mn), 2017‒2031 

    Figure 04: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Voltage Range, Revenue (US$ Mn), 2017‒2031

    Figure 05: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Voltage Range, Value (US$ Mn), 2022‒2031

    Figure 06: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Voltage Range, 2022 and 2031

    Figure 07: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Components, Revenue (US$ Mn), 2017‒2031

    Figure 08: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Components, Value (US$ Mn), 2022‒2031

    Figure 09: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Components, 2022 and 2031

    Figure 10: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Insulation, Revenue (US$ Mn), 2017‒2031

    Figure 11: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Insulation, Value (US$ Mn), 2022‒2031

    Figure 12: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Insulation, 2022 and 2031

    Figure 13: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Installation, Revenue (US$ Mn), 2017‒2031

    Figure 14: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Installation, Value (US$ Mn), 2022‒2031

    Figure 15: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Installation, 2022 and 2031

    Figure 16: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by End-use Industry, Revenue (US$ Mn), 2017‒2031

    Figure 17: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by End-use Industry, Value (US$ Mn), 2022‒2031

    Figure 18: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by End-use Industry, 2022 and 2031

    Figure 19: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Region, Revenue (US$ Mn), 2017‒2031

    Figure 20: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Region, Value (US$ Mn), 2022‒2031

    Figure 21: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Region, 2022 and 2031

    Figure 22: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, Value (US$ Mn ), 2017‒2031 

    Figure 23: Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, Volume (Thousand Units), 2017‒2031 

    Figure 24: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market, Value (US$ Mn), 2017‒2031 

    Figure 25: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Voltage Range, Revenue (US$ Mn), 2017‒2031

    Figure 26: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Voltage Range, Value (US$ Mn), 2022‒2031

    Figure 27: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Voltage Range, 2022 and 2031

    Figure 28: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Components, Revenue (US$ Mn), 2017‒2031

    Figure 29: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Components, Value (US$ Mn), 2022‒2031

    Figure 30: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Components, 2022 and 2031

    Figure 31: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Insulation, Revenue (US$ Mn), 2017‒2031

    Figure 32: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Insulation, Value (US$ Mn), 2022‒2031

    Figure 33: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Insulation, 2022 and 2031

    Figure 34: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Installation, Revenue (US$ Mn), 2017‒2031

    Figure 35: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Installation, Value (US$ Mn), 2022‒2031

    Figure 36: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Installation, 2022 and 2031

    Figure 37: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by End-use Industry, Revenue (US$ Mn), 2017‒2031

    Figure 38: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by End-use Industry, Value (US$ Mn), 2022‒2031

    Figure 39: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by End-use Industry, 2022 and 2031

    Figure 40: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Country, Revenue (US$ Mn), 2017‒2031

    Figure 41: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Country, Value (US$ Mn), 2022‒2031

    Figure 42: North America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Country, 2022 and 2031

    Figure 43: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, Value (US$ Mn ), 2017‒2031 

    Figure 44: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, Volume (Thousand Units), 2017‒2031 

    Figure 45: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market, Value (US$ Mn), 2017‒2031 

    Figure 46: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Voltage Range, Revenue (US$ Mn), 2017‒2031

    Figure 47: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Voltage Range, Value (US$ Mn), 2022‒2031

    Figure 48: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Voltage Range, 2022 and 2031

    Figure 49: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Components, Revenue (US$ Mn), 2017‒2031

    Figure 50: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Components, Value (US$ Mn), 2022‒2031

    Figure 51: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Components, 2022 and 2031

    Figure 52: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Insulation, Revenue (US$ Mn), 2017‒2031

    Figure 53: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Insulation, Value (US$ Mn), 2022‒2031

    Figure 54: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Insulation, 2022 and 2031

    Figure 55: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Installation, Revenue (US$ Mn), 2017‒2031

    Figure 56: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Installation, Value (US$ Mn), 2022‒2031

    Figure 57: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Installation, 2022 and 2031

    Figure 58: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by End-use Industry, Revenue (US$ Mn), 2017‒2031

    Figure 59: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by End-use Industry, Value (US$ Mn), 2022‒2031

    Figure 60: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by End-use Industry, 2022 and 2031

    Figure 61: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Country and Sub-region, Revenue (US$ Mn), 2017‒2031

    Figure 62: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Country and Sub-region, Value (US$ Mn), 2022‒2031

    Figure 63: Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Country and Sub-region, 2022 and 2031

    Figure 64: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, Value (US$ Mn ), 2017‒2031 

    Figure 65: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, Volume (Thousand Units), 2017‒2031 

    Figure 66: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market, Value (US$ Mn), 2017‒2031 

    Figure 67: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Voltage Range, Revenue (US$ Mn), 2017‒2031

    Figure 68: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Voltage Range, Value (US$ Mn), 2022‒2031

    Figure 69: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Voltage Range, 2022 and 2031

    Figure 70: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Components, Revenue (US$ Mn), 2017‒2031

    Figure 71: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Components, Value (US$ Mn), 2022‒2031

    Figure 72: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Components, 2022 and 2031

    Figure 73: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Insulation, Revenue (US$ Mn), 2017‒2031

    Figure 74: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Insulation, Value (US$ Mn), 2022‒2031

    Figure 75: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Insulation, 2022 and 2031

    Figure 76: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Installation, Revenue (US$ Mn), 2017‒2031

    Figure 77: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Installation, Value (US$ Mn), 2022‒2031

    Figure 78: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Installation, 2022 and 2031

    Figure 79: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by End-use Industry, Revenue (US$ Mn), 2017‒2031

    Figure 80: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by End-use Industry, Value (US$ Mn), 2022‒2031

    Figure 81: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by End-use Industry, 2022 and 2031

    Figure 82: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Country and Sub-region, Revenue (US$ Mn), 2017‒2031

    Figure 83: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Country and Sub-region, Value (US$ Mn), 2022‒2031

    Figure 84: Asia Pacific Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Country and Sub-region, 2022 and 2031

    Figure 85: Middle East and Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, Value (US$ Mn ), 2017‒2031 

    Figure 86: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, Volume (Thousand Units), 2017‒2031 

    Figure 87: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market, Value (US$ Mn), 2017‒2031 

    Figure 88: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Voltage Range, Revenue (US$ Mn), 2017‒2031

    Figure 89: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Voltage Range, Value (US$ Mn), 2022‒2031

    Figure 90: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Voltage Range, 2022 and 2031

    Figure 91: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Components, Revenue (US$ Mn), 2017‒2031

    Figure 92: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Components, Value (US$ Mn), 2022‒2031

    Figure 93: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Components, 2022 and 2031

    Figure 94: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Insulation, Revenue (US$ Mn), 2017‒2031

    Figure 95: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Insulation, Value (US$ Mn), 2022‒2031

    Figure 96: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Insulation, 2022 and 2031

    Figure 97: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Installation, Revenue (US$ Mn), 2017‒2031

    Figure 98: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Installation, Value (US$ Mn), 2022‒2031

    Figure 99: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Installation, 2022 and 2031

    Figure 100: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by End-use Industry, Revenue (US$ Mn), 2017‒2031

    Figure 101: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by End-use Industry, Value (US$ Mn), 2022‒2031

    Figure 102: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by End-use Industry, 2022 and 2031

    Figure 103: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Country and Sub-region, Revenue (US$ Mn), 2017‒2031

    Figure 104: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Country and Sub-region, Value (US$ Mn), 2022‒2031

    Figure 105: Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Country and Sub-region, 2022 and 2031

    Figure 106: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, Value (US$ Mn ), 2017‒2031 

    Figure 107: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, Volume (Thousand Units), 2017‒2031 

    Figure 108: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market, Value (US$ Mn), 2017‒2031 

    Figure 109: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Voltage Range, Revenue (US$ Mn), 2017‒2031

    Figure 110: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Voltage Range, Value (US$ Mn), 2022‒2031

    Figure 111: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Voltage Range, 2022 and 2031

    Figure 112: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Components, Revenue (US$ Mn), 2017‒2031

    Figure 113: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Components, Value (US$ Mn), 2022‒2031

    Figure 114: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Components, 2022 and 2031

    Figure 115: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Insulation, Revenue (US$ Mn), 2017‒2031

    Figure 116: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Insulation, Value (US$ Mn), 2022‒2031

    Figure 117: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Insulation, 2022 and 2031

    Figure 118: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Installation, Revenue (US$ Mn), 2017‒2031

    Figure 119: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Installation, Value (US$ Mn), 2022‒2031

    Figure 120: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Installation, 2022 and 2031

    Figure 121: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by End-use Industry, Revenue (US$ Mn), 2017‒2031

    Figure 122: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by End-use Industry, Value (US$ Mn), 2022‒2031

    Figure 123: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by End-use Industry, 2022 and 2031

    Figure 124: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size & Forecast, by Country and Sub-region, Revenue (US$ Mn), 2017‒2031

    Figure 125: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Attractiveness, by Country and Sub-region, Value (US$ Mn), 2022‒2031

    Figure 126: South America Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Share Analysis, by Country and Sub-region, 2022 and 2031

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