Market Research Logo

Global LV and MV Switchgear Market 2016-2020

Global LV and MV Switchgear Market 2016-2020

Market outlook of the LV and MV switchgear market

Technavio's research analyst predicts the global LV and MV switchgear market to grow steadily at a CAGR of around 10% during the forecast period. Expansion and renovation of T&D projects globally are the primary growth drivers for this market. The growing demand for electricity has resulted in a manifold increase in the number of new T&D setups.

Currently, the market is witnessing a shift from conventional to innovative modular switchgear devices. The conventional air-insulated switchgear (AIS) consists of components such as circuit breakers, disconnectors, and current transformers that are difficult to install as they require individual installation spaces. On the other hand, modular switchgear integrates all the functions into the breaking chamber of the circuit breaker.  Further product innovation and ease of installation are likely to provide a significant impetus to this market over the next four years.

Product segmentation and analysis of the LV and MV switchgear market

LV switchgear
MV switchgear
The LV switchgear segment dominated the market in 2015. Aging infrastructure, capacity expansion, and demand for energy-efficient switchgear are the main factors fueling the demand for LV switchgear among consumers. LV switchgear has a load-bearing capacity of less than 1.1 kV, and it is used in infrastructure, power and energy, T&D, and other industrial, commercial, and residential sectors. In addition, the affordable pricing of LV switchgear makes it a preferred choice among end-users.

Segmentation by end-users and analysis of the LV and MV switchgear market

Power utilities
Industrial sector
Residential sector
Commercial and infrastructure sector
The power utility segment accounted for almost 34% of the market share during 2015. The demand for electricity owing to an increase in industrialization and urbanization in developing countries will continue to drive the market for LV and MV switchgear in power utilities.

Geographical segmentation and analysis of the LV and MV switchgear market

APAC
North America
Europe
ROW
The increased scale of power grid construction and the expansion of renewable energy capacity in the emerging countries of the APAC region has increased the sale and future demand for switchgear. It is expected to have a positive impact on the growth of the LV and MV switchgear market during the forecast period.

Competitive landscape and key vendors

The global LV and MV switchgear market is capital-intensive with the presence of many global and local manufacturers. The vendors in the market compete on the basis of price, quality, innovation, service, distribution, and customization.

The leading vendors in the market are -

ABB
Alstom
Eaton
Schneider Electric
Siemens
Other prominent vendors in the market include BHEL, Crompton Greaves, Hyosung Power and Industrial Systems, Mitsubishi Electric, OJSC Power, and Xian XD.

Key questions answered in the report include

What will the market size and the growth rate be in 2020?
What are the key factors driving the global LV and MV switchgear market?
What are the key market trends impacting the growth of the LV and MV switchgear market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the vendors in the global LV and MV switchgear market?
Trending factors influencing the market shares of the APAC, North America, Europe, and the ROW.
What are the key outcomes of the five forces analysis of LV and MV switchgear market?
Technavio also offers customization on reports based on specific client requirement.

Related reports:

Global Switchgear Market 2015-2019
Switchgear Market in China 2015-2019
Global Gas Insulated Switchgear Market 2014-2018
Global Low Voltage Switchgear Market 2014-2018


Press Release

Technavio Announces the Publication of its Research Report – Global Medium and Low Voltage Switchgear Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Medium and Low Voltage Switchgear Market: ABB, Alstom, Eaton, Schneider Electric and Siemens

Other Prominent Vendors in the market are: BHEL, Crompton Greaves, Hyosung Power and Industrial Systems, Mitsubishi Electric, OJSC Power, and Xian XD.

Commenting on the report, an analyst from Technavio’s team said: “The generation of power by offshore wind power installations is growing day by day. This particular trend is becoming popular off Northern Europe, especially in areas such as the North Sea, the Baltic and Irish Seas, and the English Channel, and accounts for more than 91% of the world’s offshore wind power generation.”

According to the report, the capacity of a switchgear is determined by the level of transmission voltage in a T&D network, among other design factors. Owing to these factors, companies are adopting made-to-order manufacturing, where manufacturers customize product designs as per the requirements of customers.

Further, the report states that lack of product differentiation has a negative impact on the growth of the global LV and MV switchgears market.

Companies Mentioned

ABB, Alstom, Eaton, Schneider Electric, Siemens, BHEL, Crompton Greaves, Hyosung Power and Industrial Systems, Mitsubishi Electric, OJSC Power, and Xian XD.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Segmentation of global LV and MV switchgear market
      • Table Segmentation of global LV and MV switchgear market by voltage
      • Table Segmentation of global LV and MV switchgear market by end-user
      • Table Segmentation of global LV and MV switchgear market by geography
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Switchgear components
      • Table Segmentation of global switchgear market by voltage 2015 and 2020
  • Market landscape
    • Market overview
      • Table Global LV and MV switchgear market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Global LV and MV switchgear market by voltage
    • Table Global LV and MV switchgear market by voltage 2015-2020
    • Global LV switchgear market
      • Table Global LV switchgear market 2015-2020 ($ billions)
    • Global MV switchgear market
      • Table Global MV switchgear market 2015-2020 ($ billions)
      • Table Global MV switchgear market by insulation medium 2015
      • Table Merits and demerits of GIS
  • Market segmentation by end user
    • Table Global LV and MV switchgear market by end-user 2015-2020
    • Global LV and MV switchgear market by power utilities
      • Table Global LV and MV switchgear market by power utilities 2015-2020 ($ billions)
      • Table China upcoming nuclear reactors (MW)
      • Table Global energy consumption share 2014
      • Table Global energy-capacity expansions: Average annual growth rate 2014 (%)
    • Global LV and MV switchgear market by industrial segment
      • Table Global LV and MV switchgear market by industrial segment 2015-2020 ($ billions)
    • Global LV and MV market by residential segment
      • Table Global LV and MV market by residential segment 2015-2020 ($ billions)
      • Table Residential construction market in China 2015-2020 ($ billions)
    • Global LV and MV switchgear market by commercial segment
      • Table Global LV and MV switchgear market by commercial segment 2015-2020 ($ billions)
  • Geographical segmentation
    • Table Global LV and MV switchgear by geography 2015-2020
    • LV and MV switchgear market in APAC
      • Table LV and MV switchgear market in APAC 2015-2020 ($ billions)
    • LV and MV switchgear market in North America
      • Table LV and MV switchgear market in North America 2015-2020 ($ billions)
    • LV and MV switchgear market in Europe
      • Table LV and MV switchgear market in Europe 2014-2020 ($ billions)
    • LV and MV switchgear market in ROW
      • Table LV and MV switchgear market in ROW 2015-2020 ($ billions)
  • Market drivers
    • Rise in T&D expansion and renovation projects
    • Growing investment in smart grid networks
      • Table Global smart grid market 2014-2019 ($ billions)
    • Expansion of power capacities
      • Table Growth of urban population in India (millions)
      • Table Growth of urbanization in Brazil (%)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Lack of product differentiation
      • Table Global LV and MV market: Organized and unorganized sectors
    • Rise in R&D expenditure
    • Government regulations and industry standards
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Shift from conventional to innovative modular switches
    • Decreasing prices of raw materials
      • Table Price trend of stainless steel 2014-2015 ($/ton)
      • Table Price variation in stainless steel ($/ton)
    • Increase in offshore wind energy generation
      • Table Global offshore wind capacity 2014-2019 (MW)
  • Vendor landscape
    • Other prominent vendors
  • Key vendor analysis
    • ABB
      • Table ABB: Business segmentation by revenue 2014
      • Table ABB: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table ABB: Geographical segmentation by revenue 2014
    • Alstom
      • Table Alstom: Business segmentation by revenue 2015
      • Table Alstom: Business segmentation by revenue 2014 and 2015 ($ millions)
      • Table Alstom: Geographical segmentation by revenue 2015
    • Eaton
      • Table Eaton: Business segmentation by revenue 2014
      • Table Eaton: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Eaton: Geographical segmentation by revenue 2014
    • Schneider Electric
      • Table Schneider Electric: Business segmentation by revenue 2014
      • Table Schneider Electric: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Schneider Electric: Geographical segmentation by revenue 2015
    • Siemens
      • Table Siemens: Business segmentation by revenue 2014
      • Table Siemens: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Siemens: Geographical segmentation by revenue 2014
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report