Research Expert: Sarah Overall
  • Published: Apr 2025
  • Pages: 150
  • SKU: IRTNTR45137

  • Latest News- Low And Medium Voltage Switchgear Market: GIS is expected to lead the Type segment during 2025-2029

    The Low And Medium Voltage Switchgear Market is being driven by Increasing electricity generation

    The Low And Medium Voltage Switchgear Market is expected to grow at a CAGR of 7.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 52025.7 million. The Low and Medium Voltage Switchgear market is poised for growth due to the impending upgradation of aging infrastructure. With approximately 65 gigawatts of European onshore wind turbines approaching end-of-life in the next five years, the need to extend equipment life spans will fuel market demand. Additionally, the global construction sector's expansion, particularly in emerging economies like China and India, as well as advanced economies such as the US, Canada, and EU member states, will further propel the switchgear market's growth. Infrastructure development remains a key focus, ensuring a robust outlook for this market. 

    Get more information on Low And Medium Voltage Switchgear Market by requesting a sample report

    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Type
      • GIS
      • AIS
    • Installation Sites
      • Indoor
      • Outdoor
    • Geography
      • APAC
        • China
        • India
        • Japan
        • South Korea
      • Europe
        • Germany
        • UK
        • France
      • North America
        • US
      • Middle East and Africa
        • South America
          • Brazil

      According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

      • Increasing electricity generation
      • Growing implementation of smart grid technology
      • Capacity expansion for renewable power generation

      However, the market also witnesses some limitations, which are as follows:

      • Regulations restricting SF6 gas emissions
      • High investment needed to upgrade networks
      • Volatile prices of raw materials used for manufacturing switchgear

      Benefits of Buying Global Low And Medium Voltage Switchgear Market Research Report by Technavio

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      Market Scope in Low And Medium Voltage Switchgear Market Research Report

      Market Scope

      Report Coverage

      Details

      Page number

      203

      Base year

      2024

      Historic period

      2019-2023

      Forecast period

      2025-2029

      Growth momentum & CAGR

      Accelerate at a CAGR of 7.5%

      Market growth 2025-2029

      USD 52025.7 million

      Market structure

      market_structure.ucfirst

      YoY growth 2024-2025(%)

      6.8

      Key countries

      US, China, Japan, India, Germany, South Korea, Brazil, UK, France, and Australia

      Competitive landscape

      Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

      Request Free Sample

      Find out which segment is leading the market by accessing the free PDF report

      Research Analysis Overview

      The Low and Medium Voltage Switchgear market encompasses various components including switchgear assemblies, panels, and enclosures. Key areas of focus are switchgear design, installation, maintenance, testing, upgrades, modernization, automation, integration, and solutions. Innovations in switchgear involve trends, technologies, standards, safety, reliability, performance, cost, life cycle management, consulting, engineering, research, development, training, certification, compliance, sustainability, and environmental impact, shaping the future of this vital industry.

      Market Research Overview

      The Low Voltage and Medium Voltage Switchgear market is a significant segment within the expansive electrical components and equipment industry. This sector encompasses the manufacturing and supply of electrical protection systems, circuit breakers, and power distribution equipment operating at voltages below 35,000 volts. The parent market, the global electrical components and equipment industry, includes companies specializing in the production of electrical cables and wires, electrical components, and electrical equipment. According to Technavio, this market is calculated based on the consolidated revenue generated from the sales of water heaters and accessories, motors, motor control, encoder and amplifier, automation solutions, electrical distribution and protection equipment, small generators, wire and cable accessories, power supplies and conditioners, sensors, meters and indicators, recorders and loggers, process safety systems, instrumentation, test and measurement equipment, switches, transmitters and receivers, HVAC, and safety components. Furthermore, the rental and leasing of electrical components and equipment to industrial, commercial, and residential clients is also accounted for in the market estimation.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


      Contacts

      Technavio Research
      Jesse Maida
      Media & Marketing Executive
      US: +1 844 364 1100
      UK: +44 203 893 3200
      Email: media@technavio.com
      Website: www.technavio.com/

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