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Low Voltage Switchgear Growth Opportunities

EnvironmentLow Voltage Switchgear Growth Opportunities

Data Centers, Charging Infrastructure, and Residential Projects as Key Prospects for Vertical Expansion

RELEASE DATE
31-Oct-2023
REGION
Global
Deliverable Type
Market Research
Research Code: PF3D-01-00-00-00
SKU: EN_2023_277
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$4,950.00
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SKU
EN_2023_277

Low Voltage Switchgear Growth Opportunities
Published on: 31-Oct-2023 | SKU: EN_2023_277

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Description

In this study, Frost & Sullivan examines the market of low voltage switchgear (LVSG) components that include protection and switching devices such as air circuit breakers (ACB), molded case circuit breakers (MCCB), miniature circuit breakers (MCB), residual current circuit breakers (RCCB), contactors, and other surge protection and control devices used inside the LVSG assembly with ratings below 1 kilovolt (kV). The study does not include the LVSG assembly’s outer panels and structure; it is limited to the components available inside the assembly. Revenue is measured in terms of manufacturer’s earnings from regional demand for LVSG components. This study excludes revenue generated through installation, commission, and value-added services from distributors and panel builders.

In 2022, the global LVSG market registered a slim growth rate of 0.8% due to post-pandemic effects on the economy, such as material shortages, cost inflation, and logistics issues. The slow growth of building construction will continue in 2023, with minimal expansion, and this will adversely affect the LVSG market, which will show modest recovery of above 3% revenue growth from 2024 onward. In 2022, the Asia-Pacific (APAC) LVSG market accounted for 36.7% of the global market revenue. With the second-highest CAGR globally, APAC will remain the largest LVSG market in the world in 2028. The Latin American LVSG market reported market share of 3.6% in 2022. It is the smallest regional market but is on course to have the highest CAGR of 4.6% from 2022 to 2028.

Key growth drivers for LVSGs include the advancement of electricity infrastructure, installation of heat pumps and retrofit of energy-efficient equipment (e.g., HVAC, lighting, and metering systems), adoption of distributed energy and microgrids, and the rise of IoT and digital applications in building systems. Frost & Sullivan has also identified four major growth opportunity areas, which are data centers, electrification, residential heat pumps, and building construction.

Author: Melvin Leong

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on the Low Voltage Switchgear (LVSG) Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Segmentation by Product

Segmentation by End User

Segmentation by Region

Growth Metrics

Growth Drivers

Growth Restraints

Forecast Assumptions

Revenue Forecast

Revenue Forecast by Product

Revenue Forecast by Region

Revenue Forecast Analysis

Revenue Forecast Analysis (continued)

Revenue Forecast Analysis (continued)

Revenue Forecast and Analysis by End User

Competitive Environment

Competitive Framework

Key Participant Profile—ABB

Key Participant Profile—Eaton

Key Participant Profile—Legrand

Key Participant Profile—Schneider Electric

Key Participant Profile—Siemens

Region Snapshot—Europe

Revenue Forecast by Country—Europe

Revenue Forecast by Product—Germany

Revenue Forecast by Supporting Industry—Germany

Revenue Forecast by Product—UK

Revenue Forecast by Supporting Industry—UK

Revenue Forecast by Product—France

Revenue Forecast by Supporting Industry—France

Revenue Forecast by Product—Italy

Revenue Forecast by Supporting Industry—Italy

Revenue Forecast by Product—Spain

Revenue Forecast by Supporting Industry—Spain

Revenue Forecast by Product—Benelux

Revenue Forecast by Supporting Industry—Benelux

Revenue Forecast by Product—The Nordics

Revenue Forecast by Supporting Industry—The Nordics

Region Snapshot—North America

Revenue Forecast by Country—North America

Revenue Forecast by Product—US

Revenue Forecast by Supporting Industry—US

Revenue Forecast by Product—Canada

Revenue Forecast by Supporting Industry—Canada

Region Snapshot—APAC

Revenue Forecast by Country—APAC

Revenue Forecast by Product—China

Revenue Forecast by Supporting Industry—China

Revenue Forecast by Product—India

Revenue Forecast by Supporting Industry—India

Revenue Forecast by Product—Japan

Revenue Forecast by Supporting Industry—Japan

Revenue Forecast by Product—South Korea

Revenue Forecast by Supporting Industry—South Korea

Revenue Forecast by Product—ANZ

Revenue Forecast by Supporting Industry—ANZ

Revenue Forecast by Product—Southeast Asia

Revenue Forecast by Supporting Industry—Southeast Asia

Region Snapshot—MEA

Revenue Forecast by Country—MEA

Revenue Forecast by Product—UAE

Revenue Forecast by Supporting Industry—UAE

Revenue Forecast by Product—Saudi Arabia

Revenue Forecast by Supporting Industry—Saudi Arabia

Revenue Forecast by Product—Qatar

Revenue Forecast by Supporting Industry—Qatar

Revenue Forecast by Product—South Africa

Revenue Forecast by Supporting Industry—South Africa

Revenue Forecast by Product—Egypt

Revenue Forecast by Supporting Industry—Egypt

Revenue Forecast by Product—Nigeria

Revenue Forecast by Supporting Industry—Nigeria

Region Snapshot—LATAM

Revenue Forecast by Country—LATAM

Revenue Forecast by Product—Brazil

Revenue Forecast by Supporting Industry—Brazil

Revenue Forecast by Product—Mexico

Revenue Forecast by Supporting Industry—Mexico

Revenue Forecast by Product—Argentina

Revenue Forecast by Supporting Industry—Argentina

Revenue Forecast by Product—Chile

Revenue Forecast by Supporting Industry—Chile

Revenue Forecast by Product—Colombia

Revenue Forecast by Supporting Industry—Colombia

Growth Opportunity 1: Data Centers

Growth Opportunity 1: Data Centers (continued)

Growth Opportunity 2: Electrification

Growth Opportunity 2: Electrification (continued)

Growth Opportunity 3: Residential Heat Pumps

Growth Opportunity 3: Residential Heat Pumps (continued)

Growth Opportunity 4: Building Construction

Growth Opportunity 4: Building Construction (continued)

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

List of Figures & Charts
List of Figures
  • LVSG: Growth Metrics, Global, 2022
  • LVSG: Growth Drivers, Global, 2023–2028
  • LVSG: Growth Restraints, Global, 2023–2028
  • LVSG: Revenue Forecast, Global, 2020–2028
  • LVSG: Revenue Forecast by Product, Global, 2020–2028
  • LVSG: Revenue Forecast by Region, Global, 2020–2028
  • LVSG: Revenue Share by End User, Global, 2022
  • LVSG: Revenue Share by End User, Global, 2028
  • LVSG: Competitive Environment, Global, 2022
  • LVSG: Market Participants by Tier, Global, 2022
  • LVSG: Revenue Forecast by Product, Europe, 2020–2028
  • LVSG: Revenue Breakdown by Country, Europe, 2022 and 2028
  • LVSG: Revenue Breakdown by End User, Europe, 2022 and 2028
  • LVSG: Revenue Forecast by Country, Europe, 2020–2028
  • LVSG: Revenue Forecast by Product, Germany, 2020–2028
  • Data Center: Revenue Forecast by Segment, Germany, 2022–2028
  • Building Construction: Revenue Forecast by Segment, Germany, 2022–2028
  • LVSG: Revenue Forecast by Product, UK, 2020–2028
  • Data Center: Revenue Forecast by Segment, UK, 2022–2028
  • Building Construction: Revenue Forecast by Segment, UK, 2022–2028
  • LVSG: Revenue Forecast by Product, France, 2020–2028
  • Data Center: Revenue Forecast by Segment, France, 2022–2028
  • Building Construction: Revenue Forecast by Segment, France, 2022–2028
  • LVSG: Revenue Forecast by Product, Italy, 2020–2028
  • Data Center: Revenue Forecast by Segment, Italy, 2022–2028
  • Building Construction: Revenue Forecast by Segment, Italy, 2022–2028
  • LVSG: Revenue Forecast by Product, Spain, 2020–2028
  • Data Center: Revenue Forecast by Segment, Spain, 2022–2028
  • Building Construction: Revenue Forecast by Segment, Spain, 2022–2028
  • LVSG: Revenue Forecast by Product, Benelux, 2020–2028
  • Data Center: Revenue Forecast by Segment, Benelux, 2022–2028
  • Building Construction: Revenue Forecast by Segment, Benelux, 2022–2028
  • LVSG: Revenue Forecast by Product, The Nordics, 2020–2028
  • Data Center: Revenue Forecast by Segment, The Nordics, 2022–2028
  • Building Construction: Revenue Forecast by Segment, The Nordics, 2022–2028
  • LVSG: Revenue Forecast by Product, North America, 2020–2028
  • LVSG: Revenue Breakdown by Country, North America, 2022 and 2028
  • LVSG: Revenue Breakdown by End User, North America, 2022 and 2028
  • LVSG: Revenue Forecast by Country, North America, 2020–2028
  • LVSG: Revenue Forecast by Product, US, 2020–2028
  • Data Center: Revenue Forecast by Segment, US, 2022–2028
  • Building Construction: Revenue Forecast by Segment, US, 2022–2028
  • LVSG: Revenue Forecast by Product, Canada, 2020–2028
  • Data Center: Revenue Forecast by Segment, Canada, 2022–2028
  • Building Construction: Revenue Forecast by Segment, Canada, 2022–2028
  • LVSG: Revenue Forecast by Product, APAC, 2020–2028
  • LVSG: Revenue Breakdown by Country, APAC, 2022 and 2028
  • LVSG: Revenue Breakdown by End User, APAC, 2022 and 2028
  • LVSG: Revenue Forecast by Country, APAC, 2020–2028
  • LVSG: Revenue Forecast by Product, China, 2020–2028
  • Data Center: Revenue Forecast by Segment, China, 2022–2028
  • Building Construction: Revenue Forecast by Segment, China, 2022–2028
  • LVSG: Revenue Forecast by Product, India, 2020–2028
  • Data Center: Revenue Forecast by Segment, India, 2022–2028
  • Building Construction: Revenue Forecast by Segment, India, 2022–2028
  • LVSG: Revenue Forecast by Product, Japan, 2020–2028
  • Data Center: Revenue Forecast by Segment, Japan, 2022–2028
  • Building Construction: Revenue Forecast by Segment, Japan, 2022–2028
  • LVSG: Revenue Forecast by Product, South Korea, 2020–2028
  • Data Center: Revenue Forecast by Segment, South Korea, 2022–2028
  • Building Construction: Revenue Forecast by Segment, South Korea, 2022–2028
  • LVSG: Revenue Forecast by Product, ANZ, 2020–2028
  • Data Center: Revenue Forecast by Segment, ANZ, 2022–2028
  • Building Construction: Revenue Forecast by Segment, ANZ, 2022–2028
  • LVSG: Revenue Forecast by Product, Southeast Asia, 2020–2028
  • Data Center: Revenue Forecast by Segment, Southeast Asia, 2022–2028
  • Building Construction: Revenue Forecast by Segment, Southeast Asia, 2022–2028
  • LVSG: Revenue Forecast by Product, MEA, 2020–2028
  • LVSG: Revenue Breakdown by Country, MEA, 2022 and 2028
  • LVSG: Revenue Breakdown by End User, MEA, 2022 and 2028
  • LVSG: Revenue Forecast by Country, MEA, 2020–2028
  • LVSG: Revenue Forecast by Product, UAE, 2020–2028
  • Data Center: Revenue Forecast by Segment, UAE, 2022–2028
  • Building Construction: Revenue Forecast by Segment, UAE, 2022–2028
  • LVSG: Revenue Forecast by Product, Saudi Arabia, 2020–2028
  • Data Center: Revenue Forecast by Segment, Saudi Arabia, 2022–2028
  • Building Construction: Revenue Forecast by Segment, Saudi Arabia, 2022–2028
  • LVSG: Revenue Forecast by Product, Qatar, 2020–2028
  • Data Center: Revenue Forecast by Segment, Qatar, 2022–2028
  • Building Construction: Revenue Forecast by Segment, Qatar, 2022–2028
  • LVSG: Revenue Forecast by Product, South Africa, 2020–2028
  • Data Center: Revenue Forecast by Segment, South Africa, 2022–2028
  • Building Construction: Revenue Forecast by Segment, South Africa, 2022–2028
  • LVSG: Revenue Forecast by Product, Egypt, 2020–2028
  • Data Center: Revenue Forecast by Segment, Egypt, 2022–2028
  • Building Construction: Revenue Forecast by Segment, Egypt, 2022–2028
  • LVSG: Revenue Forecast by Product, Nigeria, 2020–2028
  • Data Center: Revenue Forecast by Segment, Nigeria, 2022–2028
  • Building Construction: Revenue Forecast by Segment, Nigeria, 2022–2028
  • LVSG: Revenue Forecast by Product, LATAM, 2020–2028
  • LVSG: Revenue Breakdown by Country, LATAM, 2022 and 2028
  • LVSG: Revenue Breakdown by End User, LATAM, 2022 and 2028
  • LVSG: Revenue Forecast by Country, LATAM, 2020–2028
  • LVSG: Revenue Forecast by Product, Brazil, 2020–2028
  • Data Center: Revenue Forecast by Segment, Brazil, 2022–2028
  • Building Construction: Revenue Forecast by Segment, Brazil, 2022–2028
  • LVSG: Revenue Forecast by Product, Mexico, 2020–2028
  • Data Center: Revenue Forecast by Segment, Mexico, 2022–2028
  • Building Construction: Revenue Forecast by Segment, Mexico, 2022–2028
  • LVSG: Revenue Forecast by Product, Argentina, 2020–2028
  • Data Center: Revenue Forecast by Segment, Argentina, 2022–2028
  • Building Construction: Revenue Forecast by Segment, Argentina, 2022–2028
  • LVSG: Revenue Forecast by Product, Chile, 2020–2028
  • Data Center: Revenue Forecast by Segment, Chile, 2022–2028
  • Building Construction: Revenue Forecast by Segment, Chile, 2022–2028
  • LVSG: Revenue Forecast by Product, Colombia, 2020–2028
  • Data Center: Revenue Forecast by Segment, Colombia, 2022–2028
  • Building Construction: Revenue Forecast by Segment, Colombia, 2022–2028
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In this study, Frost & Sullivan examines the market of low voltage switchgear (LVSG) components that include protection and switching devices such as air circuit breakers (ACB), molded case circuit breakers (MCCB), miniature circuit breakers (MCB), residual current circuit breakers (RCCB), contactors, and other surge protection and control devices used inside the LVSG assembly with ratings below 1 kilovolt (kV). The study does not include the LVSG assembly s outer panels and structure; it is limited to the components available inside the assembly. Revenue is measured in terms of manufacturer s earnings from regional demand for LVSG components. This study excludes revenue generated through installation, commission, and value-added services from distributors and panel builders. In 2022, the global LVSG market registered a slim growth rate of 0.8% due to post-pandemic effects on the economy, such as material shortages, cost inflation, and logistics issues. The slow growth of building construction will continue in 2023, with minimal expansion, and this will adversely affect the LVSG market, which will show modest recovery of above 3% revenue growth from 2024 onward. In 2022, the Asia-Pacific (APAC) LVSG market accounted for 36.7% of the global market revenue. With the second-highest CAGR globally, APAC will remain the largest LVSG market in the world in 2028. The Latin American LVSG market reported market share of 3.6% in 2022. It is the smallest regional market but is on course to have the highest CAGR of 4.6% from 2022 to 2028. Key growth drivers for LVSGs include the advancement of electricity infrastructure, installation of heat pumps and retrofit of energy-efficient equipment (e.g., HVAC, lighting, and metering systems), adoption of distributed energy and microgrids, and the rise of IoT and digital applications in building systems. Frost & Sullivan has also identified four major growth opportunity areas, which are data centers, electrification, residential heat pumps, and building construction. Author: Melvin Leong
More Information
Deliverable Type Market Research
Author Melvin Leong
Industries Environment
No Index No
Is Prebook No
Keyword 1 Low Voltage Switchgear Analysis
Keyword 2 Low Voltage Switchgear Trends
Keyword 3 LVSG Market
List of Charts and Figures LVSG: Growth Metrics, Global, 2022~ LVSG: Growth Drivers, Global, 2023–2028~ LVSG: Growth Restraints, Global, 2023–2028~ LVSG: Revenue Forecast, Global, 2020–2028~ LVSG: Revenue Forecast by Product, Global, 2020–2028~ LVSG: Revenue Forecast by Region, Global, 2020–2028~ LVSG: Revenue Share by End User, Global, 2022~ LVSG: Revenue Share by End User, Global, 2028~ LVSG: Competitive Environment, Global, 2022~ LVSG: Market Participants by Tier, Global, 2022~ LVSG: Revenue Forecast by Product, Europe, 2020–2028~ LVSG: Revenue Breakdown by Country, Europe, 2022 and 2028~ LVSG: Revenue Breakdown by End User, Europe, 2022 and 2028~ LVSG: Revenue Forecast by Country, Europe, 2020–2028~ LVSG: Revenue Forecast by Product, Germany, 2020–2028~ Data Center: Revenue Forecast by Segment, Germany, 2022–2028~ Building Construction: Revenue Forecast by Segment, Germany, 2022–2028~ LVSG: Revenue Forecast by Product, UK, 2020–2028~ Data Center: Revenue Forecast by Segment, UK, 2022–2028~ Building Construction: Revenue Forecast by Segment, UK, 2022–2028~ LVSG: Revenue Forecast by Product, France, 2020–2028~ Data Center: Revenue Forecast by Segment, France, 2022–2028~ Building Construction: Revenue Forecast by Segment, France, 2022–2028~ LVSG: Revenue Forecast by Product, Italy, 2020–2028~ Data Center: Revenue Forecast by Segment, Italy, 2022–2028~ Building Construction: Revenue Forecast by Segment, Italy, 2022–2028~ LVSG: Revenue Forecast by Product, Spain, 2020–2028~ Data Center: Revenue Forecast by Segment, Spain, 2022–2028~ Building Construction: Revenue Forecast by Segment, Spain, 2022–2028~ LVSG: Revenue Forecast by Product, Benelux, 2020–2028~ Data Center: Revenue Forecast by Segment, Benelux, 2022–2028~ Building Construction: Revenue Forecast by Segment, Benelux, 2022–2028~ LVSG: Revenue Forecast by Product, The Nordics, 2020–2028~ Data Center: Revenue Forecast by Segment, The Nordics, 2022–2028~ Building Construction: Revenue Forecast by Segment, The Nordics, 2022–2028~ LVSG: Revenue Forecast by Product, North America, 2020–2028~ LVSG: Revenue Breakdown by Country, North America, 2022 and 2028~ LVSG: Revenue Breakdown by End User, North America, 2022 and 2028~ LVSG: Revenue Forecast by Country, North America, 2020–2028~ LVSG: Revenue Forecast by Product, US, 2020–2028~ Data Center: Revenue Forecast by Segment, US, 2022–2028~ Building Construction: Revenue Forecast by Segment, US, 2022–2028~ LVSG: Revenue Forecast by Product, Canada, 2020–2028~ Data Center: Revenue Forecast by Segment, Canada, 2022–2028~ Building Construction: Revenue Forecast by Segment, Canada, 2022–2028~ LVSG: Revenue Forecast by Product, APAC, 2020–2028~ LVSG: Revenue Breakdown by Country, APAC, 2022 and 2028~ LVSG: Revenue Breakdown by End User, APAC, 2022 and 2028~ LVSG: Revenue Forecast by Country, APAC, 2020–2028~ LVSG: Revenue Forecast by Product, China, 2020–2028~ Data Center: Revenue Forecast by Segment, China, 2022–2028~ Building Construction: Revenue Forecast by Segment, China, 2022–2028~ LVSG: Revenue Forecast by Product, India, 2020–2028~ Data Center: Revenue Forecast by Segment, India, 2022–2028~ Building Construction: Revenue Forecast by Segment, India, 2022–2028~ LVSG: Revenue Forecast by Product, Japan, 2020–2028~ Data Center: Revenue Forecast by Segment, Japan, 2022–2028~ Building Construction: Revenue Forecast by Segment, Japan, 2022–2028~ LVSG: Revenue Forecast by Product, South Korea, 2020–2028~ Data Center: Revenue Forecast by Segment, South Korea, 2022–2028~ Building Construction: Revenue Forecast by Segment, South Korea, 2022–2028~ LVSG: Revenue Forecast by Product, ANZ, 2020–2028~ Data Center: Revenue Forecast by Segment, ANZ, 2022–2028~ Building Construction: Revenue Forecast by Segment, ANZ, 2022–2028~ LVSG: Revenue Forecast by Product, Southeast Asia, 2020–2028~ Data Center: Revenue Forecast by Segment, Southeast Asia, 2022–2028~ Building Construction: Revenue Forecast by Segment, Southeast Asia, 2022–2028~ LVSG: Revenue Forecast by Product, MEA, 2020–2028~ LVSG: Revenue Breakdown by Country, MEA, 2022 and 2028~ LVSG: Revenue Breakdown by End User, MEA, 2022 and 2028~ LVSG: Revenue Forecast by Country, MEA, 2020–2028~ LVSG: Revenue Forecast by Product, UAE, 2020–2028~ Data Center: Revenue Forecast by Segment, UAE, 2022–2028~ Building Construction: Revenue Forecast by Segment, UAE, 2022–2028~ LVSG: Revenue Forecast by Product, Saudi Arabia, 2020–2028~ Data Center: Revenue Forecast by Segment, Saudi Arabia, 2022–2028~ Building Construction: Revenue Forecast by Segment, Saudi Arabia, 2022–2028~ LVSG: Revenue Forecast by Product, Qatar, 2020–2028~ Data Center: Revenue Forecast by Segment, Qatar, 2022–2028~ Building Construction: Revenue Forecast by Segment, Qatar, 2022–2028~ LVSG: Revenue Forecast by Product, South Africa, 2020–2028~ Data Center: Revenue Forecast by Segment, South Africa, 2022–2028~ Building Construction: Revenue Forecast by Segment, South Africa, 2022–2028~ LVSG: Revenue Forecast by Product, Egypt, 2020–2028~ Data Center: Revenue Forecast by Segment, Egypt, 2022–2028~ Building Construction: Revenue Forecast by Segment, Egypt, 2022–2028~ LVSG: Revenue Forecast by Product, Nigeria, 2020–2028~ Data Center: Revenue Forecast by Segment, Nigeria, 2022–2028~ Building Construction: Revenue Forecast by Segment, Nigeria, 2022–2028~ LVSG: Revenue Forecast by Product, LATAM, 2020–2028~ LVSG: Revenue Breakdown by Country, LATAM, 2022 and 2028~ LVSG: Revenue Breakdown by End User, LATAM, 2022 and 2028~ LVSG: Revenue Forecast by Country, LATAM, 2020–2028~ LVSG: Revenue Forecast by Product, Brazil, 2020–2028~ Data Center: Revenue Forecast by Segment, Brazil, 2022–2028~ Building Construction: Revenue Forecast by Segment, Brazil, 2022–2028~ LVSG: Revenue Forecast by Product, Mexico, 2020–2028~ Data Center: Revenue Forecast by Segment, Mexico, 2022–2028~ Building Construction: Revenue Forecast by Segment, Mexico, 2022–2028~ LVSG: Revenue Forecast by Product, Argentina, 2020–2028~ Data Center: Revenue Forecast by Segment, Argentina, 2022–2028~ Building Construction: Revenue Forecast by Segment, Argentina, 2022–2028~ LVSG: Revenue Forecast by Product, Chile, 2020–2028~ Data Center: Revenue Forecast by Segment, Chile, 2022–2028~ Building Construction: Revenue Forecast by Segment, Chile, 2022–2028~ LVSG: Revenue Forecast by Product, Colombia, 2020–2028~ Data Center: Revenue Forecast by Segment, Colombia, 2022–2028~ Building Construction: Revenue Forecast by Segment, Colombia, 2022–2028~
Podcast No
Predecessor PC43-01-00-00-00
WIP Number PF3D-01-00-00-00