MarketersMEDIA / Newsroom / Global Low Voltage Switchgear market is expected to reach $56.36 billion by 2026 growing at a CAGR of 8.2% from 2017 to 2026.

Global Low Voltage Switchgear market is expected to reach $56.36 billion by 2026 growing at a CAGR of 8.2% from 2017 to 2026.

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Some of the key players profiled in the low voltage Switchgear Market include ABB Limited, Al Hassan Engineering Co. S.A.O.G., E + I Engineering Ltd., Eaton Corporation, Schneider Electric, Siemens AG, Skema S.p.A., and START Electrical Switchgear Assembly LLC.

— Some of the key factors such as favorable government rules towards the integration of sustainable energy resources across residential and commercial segments and rising expansion of micro-grid networks which provide the increasing off-grid energy demand are driving the market growth. However, the uncertain economic climate significantly affects the commercial and industrial segments and low-cost Chinese and South Korean products that challenge the overall business revenue act as the restraining factor for the market growth.

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LV Switchgear consists of low voltage circuit breakers, switches, offload electrical isolators, HRC fuses, earth leakage circuit breaker, miniature circuit breakers (MCB) and molded case circuit breakers (MCCB), etc i.e. all the accessories required to protect the LV system. The most common use of LV switchgear is in LV distribution board. They are used for electrical protection, local or remote switching and electrical isolation of the electrical installation, circuits or individual equipment.

By Protection, Circuit Breakers segment is likely to grow with highest CAGR during the forecast period due to its ability to reset in line with operational safety pose immense growth potential across networks having frequent current outages and faults. Furthermore, these units owing to their wide applicability across utility-based and industrial installations will further augment the business scenario.

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By geography, North America of low voltage Switchgear Market is likely to raise expenses toward infrastructural expansion all along with narrow measures for the growth of electricity network across grid isolated regions will expand this market in North America. In addition, a considerable increase in power demand in line with growing concern toward the enhancement of conventional power grid will propel the industry scenario.

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Products Covered:
• Withdrawable Unit
• Stationary
• Plug-in
• Fixed Mounting

Types Covered:
• 6kV – 15kV
• 28kV – 38kV
• 1kV – 5kV
• 1kv
• 16kV – 27kV

Rated Currents Covered:
• 1001 to 5000 Ampere
• ≤ 1000 Ampere
• > 5000 Ampere

Voltage Ratings Covered:
• 251 to 750 Volts
• ≤ 250 Volts
• > 750 Volts

Installations Covered:
• Outdoor
• Indoor

Currents Covered:
• Direct Current (DC)
• Alternating Current (AC)

Protections Covered:
• Earth Leakage Circuit Breaker
• High Rupturing Capacity (HRC) Fuses
• Off Load Electrical Isolators
• Fuse
• Circuit Breakers

Applications Covered:
• Utilities
• Substation
• Sub Distribution
• Steel Industries
• Residential
• Pulp And Paper
• Power Factor Correction
• Pharmaceuticals
• Oil & Gas
• Motor Control
• Mining
• Metallurgy
• Infrastructure
• Industrial
• Food And Beverage
• Electricity
• Distribution
• Commercial Buildings
• Chemical
• Data Center

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929

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Source: MarketersMedia

Release ID: 88906591

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