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North America Low Voltage (LV) Switchgear Market Share

Report ID: GMI6773
Published Date: Sep 2023
Report Format: PDF

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North America LV Switchgear Market Share

Some of the eminent industry participants across the North America LV switchgear market include

Powell Industries
Mitsubishi Electric Corporation
Hyosung Heavy Industries
General Electric
Chint Group
Eaton
WEG
Regal Rexnord Corporation
ABB
Hitachi, Ltd.
Schneider Electric
Siemens
E+I Engineering
Hyundai Electric & Energy Systems Co., Ltd.
RESA Power, LLC.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market valuation of LV switchgear in North America was exceeded USD 13.1 billion in 2023 and may record over USD 23.2 billion by 2032, due to the increasing deployment of data centers, industrial automation, and commercial construction projects in the region.

North America LV switchgears circuit breakers market is expected to witness over 6% CAGR from 2023 to 2032, due to higher application scope within large industrial sectors, such as metal and mining industries, as well as railway infrastructure.

U.S. LV switchgear industry size is expected to register over 5.5% CAGR from 2023 to 2032, owing to the substantial surge in the adoption of renewable energy sources, particularly solar and wind power in the nation.

Powell Industries, Mitsubishi Electric Corporation, Hyosung Heavy Industries, General Electric, Chint Group, Eaton, WEG, Regal Rexnord Corporation, ABB, Hitachi, Ltd., Schneider Electric, among others.