The global LV and MV Switchgear market size was US$ 64060 million in 2024 and is forecast to a readjusted size of US$ 92100 million by 2031 with a CAGR of 5.4% during the forecast period 2025-2031.
In general, switchgears are the switching devices that form the backbone of modern electrical distribution systems. According to IEC 60947, switchgears with rated voltages up to 1000 V ac and 1500 V dc are termed as low voltage (LV) switchgear, and medium voltage (MV) switchgear is ranged from 1000V ac rating up to 36 KV and 40.5 KV in term of IEC 62271.
The main global LV and MV Switchgear manufacturers include ABB, Schneider Electric, EATON, Mitsubishi Electric, SIEMENS, etc. The top five LV and MV Switchgear manufacturers account for approximately 23% of the total global market. China is the largest consumer market for LV and MV Switchgear, accounting for about 26%, followed by Europe and North America. In terms of product, MV switchgear is the largest segment, with a share about 59%. And in terms of application, the largest application is Residential and Commercial Buildings, followed by Infrastructure and utilities.
The global LV and MV Switchgear market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.
Market Segmentation
By Company:
ABB
Schneider Electric
EATON
Mitsubishi Electric
SIEMENS
Hyundai Heavy Industries
Hyosung
Toshiba
CHINT
WECOME INTELLIGENT MANUFACTURING CO.,LTD
Fuji Electric
LSIS
Sunrise Group
Shenyang high voltage complete switch co., LTD.
LANZHOU GREAT WALL ELECTRICAL CO.,LTD
Huayi Electric Co., Ltd.
Meidensha Corporation
By Type: (Dominant Segment vs High-Margin Innovation)
LV Switchgear
MV Switchgear
By Application: (Core Demand Driver vs Emerging Opportunity)
Residential and Commercial Buildings
Infrastructure and utilities
Power Station
Petrochemical
Data Center
Others
By Region
Macro-Regional Analysis: Market Size & Growth Forecasts
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Micro-Local Market Deep Dive: Strategic Insights
- Competitive Landscape: Player dominance vs. disruptors (e.g., ABB in Europe)
- Emerging Product Trends: LV Switchgear adoption vs. MV Switchgear premiumization
- Demand-Side Dynamics: Residential and Commercial Buildings growth in China vs. Infrastructure and utilities potential in North America
- Localized Consumer Needs: Regulatory hurdles in EU vs. price sensitivity in India
Focus Markets:
North America
Europe
China
Japan
Chapter Outline
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of LV and MV Switchgear market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., MV Switchgear in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Infrastructure and utilities in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
Why This Report?
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the LV and MV Switchgear value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Market Overview
1.1 LV and MV Switchgear Product Scope
1.2 LV and MV Switchgear by Type
1.2.1 Global LV and MV Switchgear Sales by Type (2020 & 2024 & 2031)
1.2.2 LV Switchgear
1.2.3 MV Switchgear
1.3 LV and MV Switchgear by Application
1.3.1 Global LV and MV Switchgear Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Residential and Commercial Buildings
1.3.3 Infrastructure and utilities
1.3.4 Power Station
1.3.5 Petrochemical
1.3.6 Data Center
1.3.7 Others
1.4 Global LV and MV Switchgear Market Estimates and Forecasts (2020-2031)
1.4.1 Global LV and MV Switchgear Market Size in Value Growth Rate (2020-2031)
1.4.2 Global LV and MV Switchgear Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global LV and MV Switchgear Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global LV and MV Switchgear Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global LV and MV Switchgear Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global LV and MV Switchgear Sales Market Share by Region (2020-2025)
2.2.2 Global LV and MV Switchgear Revenue Market Share by Region (2020-2025)
2.3 Global LV and MV Switchgear Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global LV and MV Switchgear Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global LV and MV Switchgear Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 North America LV and MV Switchgear Market Size and Prospective (2020-2031)
2.4.2 Europe LV and MV Switchgear Market Size and Prospective (2020-2031)
2.4.3 China LV and MV Switchgear Market Size and Prospective (2020-2031)
2.4.4 Japan LV and MV Switchgear Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global LV and MV Switchgear Historic Market Review by Type (2020-2025)
3.1.1 Global LV and MV Switchgear Sales by Type (2020-2025)
3.1.2 Global LV and MV Switchgear Revenue by Type (2020-2025)
3.1.3 Global LV and MV Switchgear Price by Type (2020-2025)
3.2 Global LV and MV Switchgear Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global LV and MV Switchgear Sales Forecast by Type (2026-2031)
3.2.2 Global LV and MV Switchgear Revenue Forecast by Type (2026-2031)
3.2.3 Global LV and MV Switchgear Price Forecast by Type (2026-2031)
3.3 Different Types LV and MV Switchgear Representative Players
4 Global Market Size by Application
4.1 Global LV and MV Switchgear Historic Market Review by Application (2020-2025)
4.1.1 Global LV and MV Switchgear Sales by Application (2020-2025)
4.1.2 Global LV and MV Switchgear Revenue by Application (2020-2025)
4.1.3 Global LV and MV Switchgear Price by Application (2020-2025)
4.2 Global LV and MV Switchgear Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global LV and MV Switchgear Sales Forecast by Application (2026-2031)
4.2.2 Global LV and MV Switchgear Revenue Forecast by Application (2026-2031)
4.2.3 Global LV and MV Switchgear Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in LV and MV Switchgear Application
5 Competition Landscape by Players
5.1 Global LV and MV Switchgear Sales by Players (2020-2025)
5.2 Global Top LV and MV Switchgear Players by Revenue (2020-2025)
5.3 Global LV and MV Switchgear Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in LV and MV Switchgear as of 2024)
5.4 Global LV and MV Switchgear Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of LV and MV Switchgear, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of LV and MV Switchgear, Product Type & Application
5.7 Global Key Manufacturers of LV and MV Switchgear, Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America LV and MV Switchgear Sales by Company
6.1.1.1 North America LV and MV Switchgear Sales by Company (2020-2025)
6.1.1.2 North America LV and MV Switchgear Revenue by Company (2020-2025)
6.1.2 North America LV and MV Switchgear Sales Breakdown by Type (2020-2025)
6.1.3 North America LV and MV Switchgear Sales Breakdown by Application (2020-2025)
6.1.4 North America LV and MV Switchgear Major Customer
6.1.5 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe LV and MV Switchgear Sales by Company
6.2.1.1 Europe LV and MV Switchgear Sales by Company (2020-2025)
6.2.1.2 Europe LV and MV Switchgear Revenue by Company (2020-2025)
6.2.2 Europe LV and MV Switchgear Sales Breakdown by Type (2020-2025)
6.2.3 Europe LV and MV Switchgear Sales Breakdown by Application (2020-2025)
6.2.4 Europe LV and MV Switchgear Major Customer
6.2.5 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China LV and MV Switchgear Sales by Company
6.3.1.1 China LV and MV Switchgear Sales by Company (2020-2025)
6.3.1.2 China LV and MV Switchgear Revenue by Company (2020-2025)
6.3.2 China LV and MV Switchgear Sales Breakdown by Type (2020-2025)
6.3.3 China LV and MV Switchgear Sales Breakdown by Application (2020-2025)
6.3.4 China LV and MV Switchgear Major Customer
6.3.5 China Market Trend and Opportunities
6.4 Japan Market: Players, Segments, Downstream and Major Customers
6.4.1 Japan LV and MV Switchgear Sales by Company
6.4.1.1 Japan LV and MV Switchgear Sales by Company (2020-2025)
6.4.1.2 Japan LV and MV Switchgear Revenue by Company (2020-2025)
6.4.2 Japan LV and MV Switchgear Sales Breakdown by Type (2020-2025)
6.4.3 Japan LV and MV Switchgear Sales Breakdown by Application (2020-2025)
6.4.4 Japan LV and MV Switchgear Major Customer
6.4.5 Japan Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 ABB
7.1.1 ABB Company Information
7.1.2 ABB Business Overview
7.1.3 ABB LV and MV Switchgear Sales, Revenue and Gross Margin (2020-2025)
7.1.4 ABB LV and MV Switchgear Products Offered
7.1.5 ABB Recent Development
7.2 Schneider Electric
7.2.1 Schneider Electric Company Information
7.2.2 Schneider Electric Business Overview
7.2.3 Schneider Electric LV and MV Switchgear Sales, Revenue and Gross Margin (2020-2025)
7.2.4 Schneider Electric LV and MV Switchgear Products Offered
7.2.5 Schneider Electric Recent Development
7.3 EATON
7.3.1 EATON Company Information
7.3.2 EATON Business Overview
7.3.3 EATON LV and MV Switchgear Sales, Revenue and Gross Margin (2020-2025)
7.3.4 EATON LV and MV Switchgear Products Offered
7.3.5 EATON Recent Development
7.4 Mitsubishi Electric
7.4.1 Mitsubishi Electric Company Information
7.4.2 Mitsubishi Electric Business Overview
7.4.3 Mitsubishi Electric LV and MV Switchgear Sales, Revenue and Gross Margin (2020-2025)
7.4.4 Mitsubishi Electric LV and MV Switchgear Products Offered
7.4.5 Mitsubishi Electric Recent Development
7.5 SIEMENS
7.5.1 SIEMENS Company Information
7.5.2 SIEMENS Business Overview
7.5.3 SIEMENS LV and MV Switchgear Sales, Revenue and Gross Margin (2020-2025)
7.5.4 SIEMENS LV and MV Switchgear Products Offered
7.5.5 SIEMENS Recent Development
7.6 Hyundai Heavy Industries
7.6.1 Hyundai Heavy Industries Company Information
7.6.2 Hyundai Heavy Industries Business Overview
7.6.3 Hyundai Heavy Industries LV and MV Switchgear Sales, Revenue and Gross Margin (2020-2025)
7.6.4 Hyundai Heavy Industries LV and MV Switchgear Products Offered
7.6.5 Hyundai Heavy Industries Recent Development
7.7 Hyosung
7.7.1 Hyosung Company Information
7.7.2 Hyosung Business Overview
7.7.3 Hyosung LV and MV Switchgear Sales, Revenue and Gross Margin (2020-2025)
7.7.4 Hyosung LV and MV Switchgear Products Offered
7.7.5 Hyosung Recent Development
7.8 Toshiba
7.8.1 Toshiba Company Information
7.8.2 Toshiba Business Overview
7.8.3 Toshiba LV and MV Switchgear Sales, Revenue and Gross Margin (2020-2025)
7.8.4 Toshiba LV and MV Switchgear Products Offered
7.8.5 Toshiba Recent Development
7.9 CHINT
7.9.1 CHINT Company Information
7.9.2 CHINT Business Overview
7.9.3 CHINT LV and MV Switchgear Sales, Revenue and Gross Margin (2020-2025)
7.9.4 CHINT LV and MV Switchgear Products Offered
7.9.5 CHINT Recent Development
7.10 WECOME INTELLIGENT MANUFACTURING CO.,LTD
7.10.1 WECOME INTELLIGENT MANUFACTURING CO.,LTD Company Information
7.10.2 WECOME INTELLIGENT MANUFACTURING CO.,LTD Business Overview
7.10.3 WECOME INTELLIGENT MANUFACTURING CO.,LTD LV and MV Switchgear Sales, Revenue and Gross Margin (2020-2025)
7.10.4 WECOME INTELLIGENT MANUFACTURING CO.,LTD LV and MV Switchgear Products Offered
7.10.5 WECOME INTELLIGENT MANUFACTURING CO.,LTD Recent Development
7.11 Fuji Electric
7.11.1 Fuji Electric Company Information
7.11.2 Fuji Electric Business Overview
7.11.3 Fuji Electric LV and MV Switchgear Sales, Revenue and Gross Margin (2020-2025)
7.11.4 Fuji Electric LV and MV Switchgear Products Offered
7.11.5 Fuji Electric Recent Development
7.12 LSIS
7.12.1 LSIS Company Information
7.12.2 LSIS Business Overview
7.12.3 LSIS LV and MV Switchgear Sales, Revenue and Gross Margin (2020-2025)
7.12.4 LSIS LV and MV Switchgear Products Offered
7.12.5 LSIS Recent Development
7.13 Sunrise Group
7.13.1 Sunrise Group Company Information
7.13.2 Sunrise Group Business Overview
7.13.3 Sunrise Group LV and MV Switchgear Sales, Revenue and Gross Margin (2020-2025)
7.13.4 Sunrise Group LV and MV Switchgear Products Offered
7.13.5 Sunrise Group Recent Development
7.14 Shenyang high voltage complete switch co., LTD.
7.14.1 Shenyang high voltage complete switch co., LTD. Company Information
7.14.2 Shenyang high voltage complete switch co., LTD. Business Overview
7.14.3 Shenyang high voltage complete switch co., LTD. LV and MV Switchgear Sales, Revenue and Gross Margin (2020-2025)
7.14.4 Shenyang high voltage complete switch co., LTD. LV and MV Switchgear Products Offered
7.14.5 Shenyang high voltage complete switch co., LTD. Recent Development
7.15 LANZHOU GREAT WALL ELECTRICAL CO.,LTD
7.15.1 LANZHOU GREAT WALL ELECTRICAL CO.,LTD Company Information
7.15.2 LANZHOU GREAT WALL ELECTRICAL CO.,LTD Business Overview
7.15.3 LANZHOU GREAT WALL ELECTRICAL CO.,LTD LV and MV Switchgear Sales, Revenue and Gross Margin (2020-2025)
7.15.4 LANZHOU GREAT WALL ELECTRICAL CO.,LTD LV and MV Switchgear Products Offered
7.15.5 LANZHOU GREAT WALL ELECTRICAL CO.,LTD Recent Development
7.16 Huayi Electric Co., Ltd.
7.16.1 Huayi Electric Co., Ltd. Company Information
7.16.2 Huayi Electric Co., Ltd. Business Overview
7.16.3 Huayi Electric Co., Ltd. LV and MV Switchgear Sales, Revenue and Gross Margin (2020-2025)
7.16.4 Huayi Electric Co., Ltd. LV and MV Switchgear Products Offered
7.16.5 Huayi Electric Co., Ltd. Recent Development
7.17 Meidensha Corporation
7.17.1 Meidensha Corporation Company Information
7.17.2 Meidensha Corporation Business Overview
7.17.3 Meidensha Corporation LV and MV Switchgear Sales, Revenue and Gross Margin (2020-2025)
7.17.4 Meidensha Corporation LV and MV Switchgear Products Offered
7.17.5 Meidensha Corporation Recent Development
8 LV and MV Switchgear Manufacturing Cost Analysis
8.1 LV and MV Switchgear Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of LV and MV Switchgear
8.4 LV and MV Switchgear Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 LV and MV Switchgear Distributors List
9.3 LV and MV Switchgear Customers
10 LV and MV Switchgear Market Dynamics
10.1 LV and MV Switchgear Industry Trends
10.2 LV and MV Switchgear Market Drivers
10.3 LV and MV Switchgear Market Challenges
10.4 LV and MV Switchgear Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
ABB
Schneider Electric
EATON
Mitsubishi Electric
SIEMENS
Hyundai Heavy Industries
Hyosung
Toshiba
CHINT
WECOME INTELLIGENT MANUFACTURING CO.,LTD
Fuji Electric
LSIS
Sunrise Group
Shenyang high voltage complete switch co., LTD.
LANZHOU GREAT WALL ELECTRICAL CO.,LTD
Huayi Electric Co., Ltd.
Meidensha Corporation
Ìý
Ìý
*If Applicable.