Global Low and Medium Voltage Switchgear Market 2020-2024

Global Low And Medium Voltage Switchgear Market 2020-2024

Technavio has been monitoring the low and medium voltage switchgear market and it is poised to grow by $ 46.20 bn during 2020-2024 progressing at a CAGR of 9% during the forecast period. Our reports on low and medium voltage switchgear market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the capacity expansion for renewable power generation and increased consumption of electricity in emerging countries. In addition, capacity expansion for renewable power generation is anticipated to boost the growth of the market as well.

The low and medium voltage switchgear market analysis includes type segment and geographical landscapes

Technavio's low and medium voltage switchgear market is segmented as below:

By Type

  • GIS
  • AIS
By Geographical Landscape
  • APAC
  • Europe
  • North America
  • MEA
  • South America
This study identifies the modernization of existing transformers as one of the prime reasons driving the low and medium voltage switchgear market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our low and medium voltage switchgear market covers the following areas:
  • Low and medium voltage switchgear market sizing
  • Low and medium voltage switchgear market forecast
  • Low and medium voltage switchgear market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading low and medium voltage switchgear market vendors that include ABB Ltd., Bharat Heavy Electricals Ltd., Eaton Corporation Plc, General Electric Co., Hyosung Corp., Hyundai Heavy Industries Co. Ltd., Mitsubishi Electric Corp., Schneider Electric SE, Siemens AG, and Toshiba Corp.. Also, the low and medium voltage switchgear market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value Chain Analysis: Electrical Components and Equipment Market
      • Inputs
      • Inbound logistics
      • Operations
      • Outbound logistics
      • Marketing and sales
      • Aftermarket and service
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ billion)
      • Table Global Low and Medium Voltage Switchgear Market 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Type
    • Market segments
      • Table Type - Market share 2019-2024 (%)
    • Comparison by Type
      • Table Comparison by Type
    • GIS - Market size and forecast 2019-2024
      • Table GIS - Market size and forecast 2019-2024 ($ billion)
      • Table GIS: Market 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table GIS - Year-over-year growth 2019-2024 (%)
    • AIS - Market size and forecast 2019-2024
      • Table AIS - Market size and forecast 2019-2024 ($ billion)
      • Table AIS: Market 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table AIS - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type
  • Customer Landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ billion)
      • Table APAC: Market 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ billion)
      • Table Europe: Market 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ billion)
      • Table North America: Market 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table North America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ billion)
      • Table MEA: Market 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ billion)
      • Table South America: Market 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table South America - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Capacity expansion for renewable power generation
      • Modernization of existing transformers
      • Increased consumption of electricity in emerging countries
    • Market challenges
      • High investment needed from a financially weak distribution sector for upgrading networks
      • Volatile raw material prices
      • High electrical equipment imports by developing countries
        • Table Impact of drivers and challenges
    • Market trends
      • Improved substation performance and space savings
      • Evolution of smart grids
      • Mobile substations: Solution for provisional needs
  • Vendor Landscape
    • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
    • Competitive scenario
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ABB Ltd.
      • Table ABB Ltd. - Overview
      • Table ABB Ltd. - Business segments
      • Table ABB Ltd. - Key news
      • Table ABB Ltd. - Key offerings
      • Table ABB Ltd. - Segment focus
    • Bharat Heavy Electricals Ltd.
      • Table Bharat Heavy Electricals Ltd. - Overview
      • Table Bharat Heavy Electricals Ltd. - Business segments
      • Table Bharat Heavy Electricals Ltd. - Key offerings
      • Table Bharat Heavy Electricals Ltd. - Segment focus
    • Eaton Corporation Plc
      • Table Eaton Corporation Plc - Overview
      • Table Eaton Corporation Plc - Business segments
      • Table Eaton Corporation Plc - Key news
      • Table Eaton Corporation Plc - Key offerings
      • Table Eaton Corporation Plc - Segment focus
    • General Electric Co.
      • Table General Electric Co. - Overview
      • Table General Electric Co. - Business segments
      • Table General Electric Co. - Key news
      • Table General Electric Co. - Key offerings
      • Table General Electric Co. - Segment focus
    • Hyosung Corp.
      • Table Hyosung Corp. - Overview
      • Table Hyosung Corp. - Product and service
      • Table Hyosung Corp. - Key news
      • Table Hyosung Corp. - Key offerings
    • Hyundai Heavy Industries Co. Ltd.
      • Table Hyundai Heavy Industries Co. Ltd. - Overview
      • Table Hyundai Heavy Industries Co. Ltd. - Business segments
      • Table Hyundai Heavy Industries Co. Ltd. - Key offerings
      • Table Hyundai Heavy Industries Co. Ltd. - Segment focus
    • Mitsubishi Electric Corp.
      • Table Mitsubishi Electric Corp. - Overview
      • Table Mitsubishi Electric Corp. - Business segments
      • Table Mitsubishi Electric Corp. - Key news
      • Table Mitsubishi Electric Corp. - Key offerings
      • Table Mitsubishi Electric Corp. - Segment focus
    • Schneider Electric SE
      • Table Schneider Electric SE - Overview
      • Table Schneider Electric SE - Business segments
      • Table Schneider Electric SE - Key news
      • Table Schneider Electric SE - Key offerings
      • Table Schneider Electric SE - Segment focus
    • Siemens AG
      • Table Siemens AG - Overview
      • Table Siemens AG - Business segments
      • Table Siemens AG - Key news
      • Table Siemens AG - Key offerings
      • Table Siemens AG - Segment focus
    • Toshiba Corp.
      • Table Toshiba Corp. - Overview
      • Table Toshiba Corp. - Business segments
      • Table Toshiba Corp. - Key news
      • Table Toshiba Corp. - Key offerings
      • Table Toshiba Corp. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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