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Low Voltage Switchgear Market

Publisher Global Market Insights
Published Nov 08, 2024
Length 207 Pages
SKU # GMI19407270

Description

Low Voltage Switchgear Market


Global Low voltage switchgear market size, in 2023, was assessed at USD 79.6 billion and will grow at a CAGR of 8.1% by 2032, due to increasing launches and technological advancements. Recently, new low voltage (LV) switchgear systems have been launched, boasting features like enhanced safety mechanisms, intelligent controls, and improved energy efficiency. Furthermore, ongoing advancements in LV switchgear technology cater to the rising demands of modern electrical infrastructure, boosting overall performance and reliability. For example, in December 2023, ABB, a global front runner in technology and energy efficiency, unveiled its cutting-edge SEN Plus low-voltage switchgear in Riyadh, Saudi Arabia, aiming to deliver superior performance and efficiency.

The LV switchgear market is segregated into protection, product, voltage rating, rated current, current, application, and region.

By protection, the fuse segment is estimated to rise at a significant CAGR from 2024 to 2032 driven by the need for safety and reliability in electrical systems. LV switchgear systems can integrate advanced fuse protection, shielding against overcurrent and short circuits, thereby preventing damage and extending the system's lifespan. These fuse protection mechanisms are further being refined for enhanced performance and quicker response times, bolstering reliability and efficiency across diverse applications.

Low voltage switchgear industry share from the withdrawable unit product segment is expected to expand from 2024 to 2032, owing to its rising adoption for flexibility and maintenance ease. By integrating withdrawable units, LV switchgear systems facilitate safe and efficient replacement or servicing of components, all without disrupting the broader system. These withdrawable units are being upgraded for better safety, user-friendliness, and compatibility with diverse switchgear setups.

Regionally, the Europe LV switchgear industry size is expected to depict robust growth between 2024 and 2032, largely fueled by the burgeoning data center expansion. Within these data centers, LV switchgear systems play a pivotal role in efficient power management and distribution. Concurrently, ongoing developments are equipping LV switchgear with advanced features, including heightened automation, improved energy efficiency, and superior cooling solutions, ensuring robust electrical management throughout Europe.

Table of Contents

207 Pages
Chapter 1 Research Methodology
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Market estimates & forecast parameters
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market Definitions
Chapter 2 Executive Summary
2.1 Industry 360° synopsis, 2021 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Protection trends
2.5 Product trends
2.6 Rated current trends
2.7 Voltage rating trends
2.8 Current trends
2.9 Application trends
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Regulatory landscape
3.2.1 Global
3.2.2 North America
3.2.2.1 U.S.
3.2.2.2 Sulphur Hexafluoride (SF6)
3.2.2.3 Key Elements of the Regulation
3.2.2.4 Environmental Objectives
3.2.2.6 IEC vs ANSI Switchgear - Understanding the Global Standards 59
3.2.2.6.1 ANSI and IEEE voltage classes
3.2.2.7 30 CFR §
56.12020 - Protection of persons at switchgear.
3.2.2.8 Cal. Code Regs. Tit. 8, § 2858 - Metal-Enclosed Power Switchgear
3.2.2.8.1 The US approval system for electrical switchgear
3.2.2.8.2 Sulphur Hexafluoride (SF6)
3.2.2.8.3 Key Elements of the Regulation
3.2.2.8.4 Environmental Objectives
3.2.2.8.5 Affected Entities
3.2.2.9 Canada
3.2.2.9.1 C
22.2 NO. 31-14 - Switchgear assemblies
3.2.2.9.2 National Standard of Canada - Domestic
3.2.2.9.3 C
22.2 NO. 31-14 - Switchgear assemblies
3.2.2.10 Mexico
3.2.2.10.1 Mexico Market Access for Safety Requirements
3.2.3 Europe
3.2.3.1 EU-F-Gas-regulation 517/2014
3.2.3.2 EU-F-Gas-regulation 842/2006
3.2.3.3 Recovery
3.2.3.4 Recycling
3.2.3.5 Reclamation
3.2.3.6 Destruction
3.2.3.7 European Commission F-gas regulations
3.2.4 UK
3.2.4.1 Disposal & post-maintenance
3.2.4.2 EU Directive 96/59/EC -Disposal of Polychlorinated Biphenyls and Polychlorinated Terphenyls
3.2.4.3 Germany
3.2.4.3.1 (IEC 62271-200: 2011); German version EN 62271-200: 2012
3.2.4.3.2 EU regulation of fluorinated greenhouse gases and HFCs
3.2.4.3.3 National regulation of fluorinated greenhouse gases and HFCs
3.2.4.4 France
3.2.4.4.1 Directive 96/92/EC
3.2.4.4.2 Directive 2003/54/EC
3.2.4.4.3 Directive 2009/72/EC
3.2.4.5 Russia
3.2.4.5.1 Technical Regulations (TR TC 032/2013)
3.2.5 Asia Pacific
3.2.5.1 China
3.2.5.2 The Electric Power Law of the People's Republic of China
3.2.5.3 China Compulsory Certification (CCC Marking) - Low Voltage Switchgear Products
3.2.5.4 13th Five-year Plan
3.2.5.5 India
3.2.5.5.1 Indian Electrical Equipment Industry Mission Plan 2012- 2022
3.2.5.6 Japan
3.2.5.6.1 Electricity Deregulation
3.2.5.6.2 Development wide-area electrical grids
3.2.5.6.3 Liberalization of power generation
3.2.5.6.4 Neutralization of power transmission and distribution sector
3.2.5.7 Korea
3.2.5.8 Australia
3.2.5.8.1 Switchgear assemblies and ancillary equipment for alternating voltages above 1 kV
3.2.6 Middle East & Africa
3.2.6.1 Saudi Arabia
3.2.6.1.1 SEC Distribution Materials Specifications
3.2.6.2 UAE.
3.2.6.3 South Africa
3.2.6.3.1 Electrical Machinery Regulations
3.2.6.4 Nigeria
3.2.6.4.1 NIGERIAN ELECTRICITY SUPPLY AND INSTALLATION STANDARDS REGULATIONS
3.2.7 Latin America
3.2.7.1 Brazil
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.1.1 Refurbishment and upgradation of existing grid infrastructure 94
3.3.1.2 Rising peak load demand
3.3.1.3 Expansion of micro grid network
3.3.2 Industry pitfalls & challenges
3.3.2.1 Increasing cost of raw materials
3.4 Growth potential analysis
3.5 Porter's Analysis
3.5.1 Bargaining power of supplier
3.5.2 Bargaining power of buyer
3.5.3 Threat of new entrants
3.5.4 Threat of substitutes
3.6 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Strategy dashboard
4.2.1 ABB
4.2.1.1 Product launch
4.2.1.2 Business expansion
4.2.1.2.1 Partnership
4.2.1.3 Eaton Corporation
4.2.1.3.1 Investment
4.2.1.3.2.1 Investment
4.2.1.4 Fuji Electric
4.2.1.4.1 Product launch
4.2.1.5 Regal Rexnord Corporation
4.2.1.5.1 Merger
4.2.1.6 Siemens
4.2.1.6.1 Acquisition
4.2.1.6.2 Investment
4.3 Innovation and technology landscape
4.3.1 ABB
4.3.2 Schneider Electric
4.3.3 Hitachi Energy Ltd.
Chapter 5 Market, By Protection
5.1 Key trends
5.2 Circuit breakers
5.2.1 ACB
5.2.2 MCCB
5.2.3 MCB
5.2.4 MSP
5.2.5 MPCB
5.3 Fuses
5.3.1 Fuse-switch disconnector
5.3.2 Switch disconnector with fuse
Chapter 6 Market, By Product
6.1 Key trends
6.2 Fixed mounting
6.3 Plug-in
6.4 Withdrawable unit
Chapter 7 Market, By Rated Current
7.1 Key trends
7.2 ‰¤ 1000 ampere
7.3 > 1000 ampere to ‰¤ 5000 ampere
7.4 > 5000 Ampere
Chapter 8 Market, By Voltage Rating
8.1 Key trends
8.2 ‰¤ 250 volts
8.3 > 250 volts to ‰¤ 750 volts
8.4 > 750 volts
Chapter 9 Market, By Current
9.1 Key trends
9.2 AC
9.3 DC
Chapter 10 Market, By Application
10.1 Key trends
10.2 Substation
10.3 Distribution
10.4 Power factor correction
10.5 Sub distribution
10.6 Motor control
Chapter 11 Market, By Region
11.1 Key trends
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 UK
11.3.2 Germany
11.3.3 France
11.3.4 Russia
11.3.5 Italy
11.3.6 Spain
11.4 Asia Pacific
11.4.1 China
11.4.2 Australia
11.4.3 India
11.4.4 Japan
11.4.5 South Korea
11.5 Middle East & Africa
11.5.1 Saudi Arabia
11.5.2 UAE
11.5.3 Qatar
11.5.4 Oman
11.5.5 South Africa
11.5.6 Egypt
11.6 Latin America
11.6.1 Brazil
11.6.2 Peru
11.6.3 Argentina
Chapter 12 Company Profiles
12.1 ABB
12.1.1 Company Overview
12.1.2 Business Overview
12.1.3 Financial data
12.1.4 Product Landscape
12.1.5 Strategic Outlook
12.1.6 SWOT analysis
12.2 CHINT Group
12.2.1 Global Overview
12.2.2 Market/business overview
12.2.3 Financial data
12.2.4 Product landscape
12.2.5 SWOT analysis
12.3 E + I Engineering
12.3.1 Global Overview
12.3.2 Market/business overview
12.3.3 Financial data
12.3.4 Product landscape
12.3.5 SWOT analysis
12.4 Eaton Corporation
12.4.1 Global overview
12.4.2 Market/Business Overview
12.4.3 Financial Data
12.4.4 Product Landscape
12.4.5 SWOT analysis
12.5 Fuji Electric Co., Ltd.
12.5.1 Global overview
12.5.2 Market/business overview
12.5.3 Financial data
12.5.4 Product landscape
12.5.5 SWOT analysis
12.6 Hitachi Energy Ltd
12.6.1 Global overview
12.6.2 Market/business overview
12.6.3 Financial data
12.6.4 Product landscape
12.6.5 SWOT analysis
12.7 Hyosung Corporation
12.7.1 Global overview
12.7.2 Market/business overview
12.7.3 Financial data
12.7.4 Product landscape
12.7.5 SWOT analysis
12.8 HD HYUNDAI ELECTRIC & ENERGY SYSTEM CO., LTD.
12.8.1 Global overview
12.8.2 Market/Business Overview
12.8.3 Financial Data
12.8.4 Product Landscape
12.8.5 SWOT Analysis
12.9 Lucy Group Ltd.
12.9.1 Global overview
12.9.2 Market/Business Overview
12.9.3 Financial Data
12.9.4 Product Landscape
12.9.5 SWOT Analysis
12.10 Mitsubishi Electric Corporation
12.10.1 Global Overview
12.10.2 Market/Business Overview
12.10.3 Financial Data
12.10.4 Product Landscape
12.10.5 SWOT Analysis
12.11 Powell Industries, Inc.
12.11.1 Global overview
12.11.2 Market/Business Overview
12.11.3 Financial Data
12.11.4 Product Landscape
12.11.5 SWOT analysis
12.12 Regal Rexnord Corporation
12.12.1 Global Overview
12.12.2 Market/Business Overview
12.12.3 Financial Data
12.12.4 Product Landscape
12.12.5 SWOT Analysis
12.13 Siemens Energy
12.13.1 Global overview
12.13.2 Market/Business Overview
12.13.3 Financial Data
12.13.4 Product Landscape
12.13.5 SWOT Analysis
12.14 Skema S.p.A.
12.14.1 Global Overview
12.14.2 Market/Business Overview
12.14.3 Financial Data
12.14.4 Product Landscape
12.14.5 SWOT Analysis

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