Low Voltage Switchgear Market Share, Trends, Analysis by Application to 2021

earth leakage circuit breaker, miniature circuit breakers as well as molded case circuit breakers. All these accessories
are known to be a requisite as far as the security of the LV system is concerned.
The prominent factors that are playing a major role in raising the share of the market include augmenting demand for
safety and protection in electrical distribution, and constant infrastructure developments in industrial as well as
commercial sectors. Other factors that are also contributing significantly in the market growth include increased
prerequisite for transformers.
It has been observed that the manufacturers are trying to put more emphasis on the technology development in order to
augment efficiency and reliability of equipment. All these factors are together providing a boost to the market growth
and eventually a push to the overall demand of the low voltage switchgear market across the globe. The only factor
that is turning a major hurdle in the growth of the low voltage switchgear market is instability in the cost of the raw
materials.
Low Voltage Switchgear Market is segmented on the basis of geographical region as North America, Europe, Asia
Pacific, and The Rest of the World. As far as the geographical region is concerned, Asia Pacific is lately been
considered as the dominant region in the market. Moreover, it has been anticipated that the region will witness huge
growth in the next couple of years, the reason being augmented demand from commercial and industrial sectors,
intensification in the industrialization and urbanization and emergence of huge market opportunities.
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On the contrary, North America and Europe are also emerging as one of the promising regions. In Europe, China is
said to be the major contributor of the industry as far as the revenue generation is concerned. The key factor that can
be attributed to the augmented growth is the massive advancement in the electrical infrastructure. The key players
operating in the Low Voltage Switchgear Market include ABB Ltd., GE, Siemens AG, Alstom, Hyosung, Xian XD
Switchgear Electric, Eaton, OJSC Power Machines, Bharat Heavy Electricals, Mitsubishi Electric, and Crompton
Greaves.
Table of Contents
1 Industry Overview of Low Voltage Switchgear
1.1 Definition and Specifications of Low Voltage Switchgear
1.1.1 Definition of Low Voltage Switchgear
1.1.2 Specifications of Low Voltage Switchgear
1.2 Classification of Low Voltage Switchgear
1.3 Applications of Low Voltage Switchgear