Switchgear Market
Low Voltage (LV) and Medium Voltage (MV)
Switchgear Market Scope: Industry Analysis, Market
Size, Growth, Trends Till 2031
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Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size and Growth
The Low Voltage (LV) and Medium Voltage (MV) Switchgear market research reports highlight a growing demand for energy-efficient and reliable electrical distribution equipment. The global LV switchgear market size is estimated to be $15 billion, while the MV switchgear market size is projected to reach $25 billion by 2025.
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Companies Covered (Covid 19 Impact Covered)
◍ ABB
◍ Eaton
◍ General Electric
◍ Powell Industries
◍ Siemens
◍ Schneider Electric
◍ Bharat Heavy Electricals
◍ Hyosung
◍ Mitsubishi Electric
The Low Voltage (LV) and Medium Voltage (MV)
Switchgear Market is highly competitive with key players such as ABB, Eaton, General Electric, Powell Industries, Siemens, Schneider Electric, Bharat Heavy Electricals, Hyosung, and Mitsubishi Electric. These companies provide innovative solutions and products to drive the growth of the market.
- ABB reported sales revenue of $28.86 billion
- Siemens reported sales revenue of $66.03 billion
- Schneider Electric reported sales revenue of $28.76 billion
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