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Low Voltage Switchgear Market Share
Companies like ABB, Hitachi, and General Electric hold significant market share in the low voltage switchgear industry due to their extensive experience, strong technological capabilities, and comprehensive product portfolios. They consistently invest in research and development to innovate and enhance their offerings.
Low Voltage Switchgear Market Companies
- 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
- Siemens
- Skema S.p.A.
How big is the low voltage switchgear market?
Global low voltage switchgear industry was valued at USD 79.6 billion in 2023 and is anticipated to register 8.1% CAGR between 2024 and 2032, driven by expansion of micro grid networks and rising peak load demand.
Why is the use of circuit breaker low voltage switchgear rising?
The circuit breaker segment in the market is expected to reach USD 104 billion by 2032 owing to the increasing demand for reliable and efficient power distribution and protection solutions.
Who are the major low voltage switchgear industry players?
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, and Powell Industries, among others.
How big is the Asia Pacific low voltage switchgear industry?
Asia Pacific low voltage switchgear market is anticipated to surpass USD 64.3 billion by 2032 due to the rapid urbanization, industrial growth, and increasing infrastructure development.