Global and United States LV and MV Switchgear Market Insights, Forecast to 2027

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.
The main global LV and MV Switchgear manufacturers include ABB, Schneider Electric, EATON, Mitsubishi Electric, SIEMENS, etc. The top five LV and MV Switchgear manufacturers account for approximately 23% of the total global market. China is the largest consumer market for LV and MV Switchgear, accounting for about 26%, followed by Europe and North America. In terms of product, MV switchgear is the largest segment, with a share about 59%. And in terms of application, the largest application is Residential and Commercial Buildings, followed by Infrastructure and utilities.

Market Analysis and Insights: Global and United States LV and MV Switchgear Market
This report focuses on global and United States LV and MV Switchgear market.
In 2020, the global LV and MV Switchgear market size was US$ 54110 million and it is expected to reach US$ 79110 million by the end of 2027, with a CAGR of 5.4% during 2021-2027. In United States the LV and MV Switchgear market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global LV and MV Switchgear Scope and Market Size
LV and MV Switchgear market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global LV and MV Switchgear market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For United States market, this report focuses on the LV and MV Switchgear market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in United States.


Segment by Type
LV Switchgear
MV Switchgear


Segment by Application
Residential and Commercial Buildings
Infrastructure and utilities
Power Station
Petrochemical
Data Center
Others


By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E


By Company
ABB
Schneider Electric
EATON
Mitsubishi Electric
SIEMENS
Hyundai Heavy Industries
Hyosung
Toshiba
CHINT
WECOME INTELLIGENT MANUFACTURING CO.,LTD
Fuji Electric
LSIS
Sunrise Group
Shenyang high voltage complete switch co., LTD.
LANZHOU GREAT WALL ELECTRICAL CO.,LTD
Huayi Electric Co., Ltd.
Meidensha Corporation