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Fixed Mounted LV Switchgear Market Share

Report ID: GMI8202
Published Date: Feb 2024
Report Format: PDF

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Fixed Mounted LV Switchgear Market Share

Global Company Market Share Analysis, 2023 (%)

Siemens holds a significant stake in the fixed mounted low voltage switchgear market, known for its extensive expertise in manufacturing and engineering various switchgear type, including gas insulated switchgear, fixed mounted LV switchgears, high voltage switchgear, among others. With a strong history deeply ingrained in the electrical equipment sector, the company has provided switchgear solutions across a wide range of applications, covering substation, distribution, sub distribution, and others.

Fixed Mounted LV Switchgear Market Companies

Notable players operating across the fixed mounted LV switchgear industry are:

ABB
Chint Group
E + I Engineering
Eaton
Fuji Electric Co., Ltd.
Hitachi Energy Ltd.
Hyosung Heavy Industries
Hyundai Electric & Energy Systems Co., Ltd.
Lucy Group Ltd.
Mitsubishi Electric Corporation
Powell Industries
Regal Rexnord Corporation
Schneider Electric
Siemens
Skema S.p.A.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market valuation of the fixed mounted LV switchgear was reached USD 36.4 billion in 2023 and is set to grow at a CAGR of over 7.5% through 2032, driven by the rising demand for efficient transmission and distribution (T&D) control systems.

AC current segment held a market share of more than 59% in 2023 and is set to gain traction by 2032, owing to its qualities of reduced heat generation, lower transmission losses, as well as flexible and efficient high-voltage capabilities.

Asia Pacific fixed mounted LV switchgear market size surpass USD 29 billion by 2032, driven by the integration of renewable technologies into the grid and the ongoing expansion of cross-border transmission networks.

ABB, Chint Group, E + I Engineering, Eaton, Fuji Electric Co., Ltd., Hitachi Energy Ltd., Hyosung Heavy Industries, Hyundai Electric & Energy Systems Co., Ltd., Lucy Group Ltd., Mitsubishi Electric Corporation are some of the major industry contenders.