"Actionable Insights to Fuel Your Growth"
Switchgear rated up to 1kV is termed as low voltage switchgear. It includes circuit breakers, switches, pff load electrical isolators, HRC fuses, earth leakage circuit breakers, miniature circuit breakers (MCB), and molded case circuit breakers (MCCB) which are required for the protection of low voltage switchgear. The most common use of low voltage switchgear is in the distribution board. Incomer, sub-incomer, and feeders are part of the system. Low voltage switchgear is preferable as low voltage switchgear power systems in an industrial setting provide continuous power to as much of the facility as possible and protect personnel from electrical hazards such as arc blasts.
Increasing construction activities and installation of renewable energy are expected to drive low voltage switchgear market. Low voltage includes switches & fuses, oil-filled circuit breaker, distribution boards, residual current devices, and others. Infrastructure developments in the commercial and industrial sector in some regions is expected to upsurge the switchgear market along with rapid growth in distributed energy resource.
To gain extensive insights into the market, Request for Customization
The low voltage switchgear market is categorized by a fixed mounting, plug-in, and withdrawable unit. Easy installation, along with effective mechanical stability, is expected to upscale the plug-in low voltage switchgear market. Rapid integration of portable multifunctional modules across offshore wind farms, railway applications, and digital substations will further fuel product penetration. Based on voltage rating, 250-750V switchgear market is expected to grow due to its extensive commercial & small-scale industrial applications.
In addition, rising demand for manufactured goods along with versatile product operations across the primary and secondary distribution networks will also contribute to market growth. Indoor low voltage switchgear market is expected to grow due to its application in the real estate sector across emerging countries whereas, large scale integration of distributed power generation technologies along with rampant industrial growth is expected to flourish the outdoor low voltage switchgear market
Inclination towards renewable sources of energy for electricity generation is expected to stimulate the low voltage switchgear market. Continuous rise in investments of infrastructure with the growing demand for a renewable source of energy is the major factor that drives the low voltage switchgear market around the world. In addition, the rise in the establishment of smart grid technology and continuous investment in upgrading transmission & distribution systems is expected to uplift the low voltage switchgear market. Additionally, rapid industrialization and urbanization are also expected to participate in market growth.
High installation cost, as well as the presence of a small unorganized sector of China, creates concern over the quality of low voltage switchgear. In addition, lack of skilled manpower, losses in the panel, protection of the motor, and delays in project execution are some other factors that inhibit the low voltage switchgear market.
Some of the major companies that are present in low voltage switchgear market are ABB, Alfanar, C&S Electric, CHINT Group, Eaton, COELME S.p.A, Fuji Electric, Guangdong Zhujiang Low voltage switchgear, HPL India, Hager, Hangzhou Zhijiang Low voltage switchgear, Havells, Hitachi, L&T, Legrand, Mitsubishi Electric Corporation, Rockwell Automation, Schneider, Siemens, Terasaki, LSIS, Hyosung, Toshiba Corporation, and WEG.
· Fixed mounting
· Withdrawable unit
By Voltage Rating
· Less than 250V
· Power Factor Correction
· Motor Control
· North America (the USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico, and Rest of Latin America)
· Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
The global low voltage switchgear market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America low voltage switchgear market is expected to grow due to its capacity enhancement and grid modernization. Owing to the increase of low voltage switchgear application in the establishment of an effective and sustainable power grid infrastructure, Europe is expected to drive demand positively in the low voltage switchgear market. Asia-Pacific is expected to be the dominant player all over the world as economies like China and India are highly upgrading and installing new transmission lines and distribution networks in order to increase infrastructural development. Government regulations in Latin America and the Middle East towards electrification and integration of decentralized micro-grid networks across grid isolated areas is expected to upsurge the low voltage switchgear market in the region.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry