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Low Voltage Disconnect Switch Market Share

Report ID: GMI9903
Published Date: Jun 2024
Report Format: PDF

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Low Voltage Disconnect Switch Market Share

General Electric Company (GE), and Siemens AG hold a share of over 25% in the LVD switch market. GE's comprehensive range of LVD switches is complemented by its robust global distribution network and commitment to innovations, enabling the company to deliver reliable and efficient solutions that enhance energy management and operational safety. Siemens AG's strong market presence is bolstered by its cutting-edge technology and focus on sustainable energy solutions. GE's comprehensive range of LVD switches is complemented by its robust global distribution network and commitment to innovation, enabling the company to deliver reliable and efficient solutions that enhance energy management and operational safety.

Low Voltage Disconnect Switch Market Companies

Major players operating in the LVD switch industry are:

ABB Ltd.
Siemens AG
General Electric Company (GE)
Eaton Corporation
Littelfuse, Inc.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size for low voltage disconnect switch was valued at over USD 3.65 billion in 2023 and is estimated to register more than USD 5.3 billion by 2032, driven by the growing awareness and need for energy efficiency across a variety of industries, including renewable energy integration.

The 0-240V segment of the low voltage disconnect switch market is expected to reach a value of over USD 2.2 billion by 2032, driven by the increasing regulatory focus on electrical safety and energy efficiency.

North America market accounted for over 38% share in 2023 and will expand rapidly through 2032, driven by robust industrial base and a well-established energy sector that extensively uses LVD switches.

ABB Ltd, Siemens AG, General Electric Company (GE), Eaton Corporation, and Littelfuse, Inc. among others.