Home > Energy & Power > Electrical Equipment > Switchgears > Low Voltage Commercial Switchgear Market

Low Voltage Commercial Switchgear Market Share

Report ID: GMI10755
Published Date: Aug 2024
Report Format: PDF

Download Free Sample

Low Voltage Commercial Switchgear Market Share

Top companies like ABB, and Siemens lead the switchgear market since these companies are leaders in electrical technology and innovation. They invest heavily in research and development to advance switchgear technology, including smart switchgear, automation, and energy-efficient solutions. Their technological expertise allows them to offer cutting-edge products that meet the evolving needs of the market.

Low Voltage Commercial Switchgear Market Companies

Eminent players operating in the low voltage commercial switchgear industry include:

ABB
Chint Group
E + I Engineering
Eaton Corporation
Fuji Electric Co., Ltd.
Hitachi Ltd.
Hyosung Corporation
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, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of low voltage commercial switchgear was worth about USD 9.4 billion in 2023 and is set to grow at more than 7.7% CAGR through 2032, due to rapid urbanization, industrialization, and the escalating demand for efficient electrical systems.

The AC voltage segment will exceed USD 15.8 billion by 2032, because of their efficiency in power transmission and distribution.

The Asia Pacific low voltage commercial switchgear market is set to surpass USD 8.7 billion by 2032, as rapid development boosts demand for advanced switchgear in commercial and industrial settings.

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