In general, switchgears are the switching devices that form the backbone of modern electrical distribution systems.
According to IEC 60947, switchgears with rated voltages up to 1000 V ac and 1500 V dc are termed as low voltage (LV) switchgear, and medium voltage (MV) switchgear is ranged from 1000V ac rating up to 36 KV and 40.5 KV in term of IEC 62271.
Schneider Electric, ABB, and Eaton captured the top three revenue share spots in the LV and MV Switchgear market in 2015.Schneider Electric dominated with 10.28 percent revenue share, followed by ABB with 9.05 percent revenue share and Eaton with 6.73 percent revenue share.
In terms of the classification segment, Low Voltage Switchgear market accounted for over 57% of the overall share in 2014. These are generally used in industrial, commercial and domestic applications.
In terms of the applications segment, the power generation segment was the largest contributor in the LV and MV Switchgear market. In 2014 the utilities segment amounted for 35.72% revenue share. There is growth in demand for efficient and smart power generation which is required to address the futuristic demand for electricity.
Over the next five years, it is projected that LV and MV Switchgear will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of LV and MV Switchgear market by product type, application, key manufacturers and key regions.
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
To calculate the market size, it is considered value and volume generated from the sales of the following segments:
Segmentation by product type:
Low Voltage Switchgear
Medium Voltage Switchgear
Segmentation by application:
Infrastructure & Utilities
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Some Points From Table of Content:
1 Scope of the Report
2 Executive Summary
3 Global LV and MV Switchgear by Players
4 LV and MV Switchgear by Regions
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