Global Low Voltage (LV) and Medium Voltage (MV) Switchgear market size is predicted to grow from US$ 1361 million in 2025 to US$ 1748 million in 2031; it is expected to grow at a CAGR of 4.3% from 2025 to 2031.

Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size, Share and Opportunities 2025-31

The global Low Voltage (LV) and Medium Voltage (MV) Switchgear market size is predicted to grow from US$ 1361 million in 2025 to US$ 1748 million in 2031; it is expected to grow at a CAGR of 4.3% from 2025 to 2031. The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report. Switchgear form an important T&D equipment. They are used to control safety and reliability of networks for ensuring smooth flow of electric power. The lack of adequate electrification has been inhibiting the growth of the industrial sector across emerging economies. To counter the situation, governments in India and China have adopted several approaches to improve grid connectivity in remote locations. A significant portion of the budget for such improvement plans has been allocated to urbanization, thus fuelling the deployment of smart grid technology. This subsequently translates into greater opportunities for sales of LV and MV switchgear in these countries. Infinity Market Research newest research report, the Low Voltage (LV) and Medium Voltage (MV) Switchgear Industry Forecast looks at past sales and reviews total world Low Voltage (LV) and Medium Voltage (MV) Switchgear sales in 2024, providing a comprehensive analysis by region and market sector of projected Low Voltage (LV) and Medium Voltage (MV) Switchgear sales for 2025 through 2031. With Low Voltage (LV) and Medium Voltage (MV) Switchgear sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Low Voltage (LV) and Medium Voltage (MV) Switchgear industry. This Insight Report provides a comprehensive analysis of the global Low Voltage (LV) and Medium Voltage (MV) Switchgear landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Low Voltage (LV) and Medium Voltage (MV) Switchgear portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms unique position in an accelerating global Low Voltage (LV) and Medium Voltage (MV) Switchgear market. This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Low Voltage (LV) and Medium Voltage (MV) Switchgear and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Low Voltage (LV) and Medium Voltage (MV) Switchgear. This report presents a comprehensive overview, market shares, and growth opportunities of Low Voltage (LV) and Medium Voltage (MV) Switchgear market by product type, application, key manufacturers and key regions and countries. Segmentation by Type: &nbsp;&nbsp;&nbsp; Less than 1kV &nbsp;&nbsp;&nbsp; 1kV - 5kV &nbsp;&nbsp;&nbsp; 6kV - 15kV &nbsp;&nbsp;&nbsp; 16kV - 27kV &nbsp;&nbsp;&nbsp; 28kV - 38kV Segmentation by Application: &nbsp;&nbsp;&nbsp; Power Plants &nbsp;&nbsp;&nbsp; Oil & Gas and Petrochemical Industry &nbsp;&nbsp;&nbsp; Pulp and Paper Industry &nbsp;&nbsp;&nbsp; Utilities Sector This report also splits the market by region: &nbsp;&nbsp;&nbsp; Americas &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mexico &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazil &nbsp;&nbsp;&nbsp; APAC &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korea &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southeast Asia &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; India &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Australia &nbsp;&nbsp;&nbsp; Europe &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Germany &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; France &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UK &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Italy &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Russia &nbsp;&nbsp;&nbsp; Middle East & Africa &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Egypt &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Africa &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Israel &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turkey &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GCC Countries The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the companys coverage, product portfolio, its market penetration. &nbsp;&nbsp;&nbsp; ABB &nbsp;&nbsp;&nbsp; Eaton &nbsp;&nbsp;&nbsp; General Electric &nbsp;&nbsp;&nbsp; Powell Industries &nbsp;&nbsp;&nbsp; Siemens &nbsp;&nbsp;&nbsp; Schneider Electric &nbsp;&nbsp;&nbsp; Bharat Heavy Electricals &nbsp;&nbsp;&nbsp; Hyosung &nbsp;&nbsp;&nbsp; Mitsubishi Electric Key Questions Addressed in this Report What is the 10-year outlook for the global Low Voltage (LV) and Medium Voltage (MV) Switchgear market? What factors are driving Low Voltage (LV) and Medium Voltage (MV) Switchgear market growth, globally and by region? Which technologies are poised for the fastest growth by market and region? How do Low Voltage (LV) and Medium Voltage (MV) Switchgear market opportunities vary by end market size? How does Low Voltage (LV) and Medium Voltage (MV) Switchgear break out by Type, by Application?

1 Scope of the Report &nbsp;1.1 Market Introduction &nbsp;1.2 Years Considered &nbsp;1.3 Research Objectives &nbsp;1.4 Market Research Methodology &nbsp;1.5 Research Process and Data Source &nbsp;1.6 Economic Indicators &nbsp;1.7 Currency Considered &nbsp;1.8 Market Estimation Caveats 2 Executive Summary &nbsp;2.1 World Market Overview &nbsp;2.1.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Annual Sales 2020-2031 &nbsp;2.1.2 World Current & Future Analysis for Low Voltage (LV) and Medium Voltage (MV) Switchgear by Geographic Region, 2020, 2024 & 2031 &nbsp;2.1.3 World Current & Future Analysis for Low Voltage (LV) and Medium Voltage (MV) Switchgear by Country/Region, 2020, 2024 & 2031 &nbsp;2.2 Low Voltage (LV) and Medium Voltage (MV) Switchgear Segment by Type &nbsp;2.2.1 Less than 1kV &nbsp;2.2.2 1kV - 5kV &nbsp;2.2.3 6kV - 15kV &nbsp;2.2.4 16kV - 27kV &nbsp;2.2.5 28kV - 38kV &nbsp;2.3 Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales by Type &nbsp;2.3.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales Market Share by Type (2020-2025) &nbsp;2.3.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Revenue and Market Share by Type (2020-2025) &nbsp;2.3.3 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Sale Price by Type (2020-2025) &nbsp;2.4 Low Voltage (LV) and Medium Voltage (MV) Switchgear Segment by Application &nbsp;2.4.1 Power Plants &nbsp;2.4.2 Oil & Gas and Petrochemical Industry &nbsp;2.4.3 Pulp and Paper Industry &nbsp;2.4.4 Utilities Sector &nbsp;2.5 Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales by Application &nbsp;2.5.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Sale Market Share by Application (2020-2025) &nbsp;2.5.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Revenue and Market Share by Application (2020-2025) &nbsp;2.5.3 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Sale Price by Application (2020-2025) 3 Global by Company &nbsp;3.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Breakdown Data by Company &nbsp;3.1.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Annual Sales by Company (2020-2025) &nbsp;3.1.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales Market Share by Company (2020-2025) &nbsp;3.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Annual Revenue by Company (2020-2025) &nbsp;3.2.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Revenue by Company (2020-2025) &nbsp;3.2.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Revenue Market Share by Company (2020-2025) &nbsp;3.3 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Sale Price by Company &nbsp;3.4 Key Manufacturers Low Voltage (LV) and Medium Voltage (MV) Switchgear Producing Area Distribution, Sales Area, Product Type &nbsp;3.4.1 Key Manufacturers Low Voltage (LV) and Medium Voltage (MV) Switchgear Product Location Distribution &nbsp;3.4.2 Players Low Voltage (LV) and Medium Voltage (MV) Switchgear Products Offered &nbsp;3.5 Market Concentration Rate Analysis &nbsp;3.5.1 Competition Landscape Analysis &nbsp;3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025) &nbsp;3.6 New Products and Potential Entrants &nbsp;3.7 Market M&A Activity & Strategy 4 World Historic Review for Low Voltage (LV) and Medium Voltage (MV) Switchgear by Geographic Region &nbsp;4.1 World Historic Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size by Geographic Region (2020-2025) &nbsp;4.1.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Annual Sales by Geographic Region (2020-2025) &nbsp;4.1.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Annual Revenue by Geographic Region (2020-2025) &nbsp;4.2 World Historic Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size by Country/Region (2020-2025) &nbsp;4.2.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Annual Sales by Country/Region (2020-2025) &nbsp;4.2.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Annual Revenue by Country/Region (2020-2025) &nbsp;4.3 Americas Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales Growth &nbsp;4.4 APAC Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales Growth &nbsp;4.5 Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales Growth &nbsp;4.6 Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales Growth 5 Americas &nbsp;5.1 Americas Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales by Country &nbsp;5.1.1 Americas Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales by Country (2020-2025) &nbsp;5.1.2 Americas Low Voltage (LV) and Medium Voltage (MV) Switchgear Revenue by Country (2020-2025) &nbsp;5.2 Americas Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales by Type (2020-2025) &nbsp;5.3 Americas Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales by Application (2020-2025) &nbsp;5.4 United States &nbsp;5.5 Canada &nbsp;5.6 Mexico &nbsp;5.7 Brazil 6 APAC &nbsp;6.1 APAC Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales by Region &nbsp;6.1.1 APAC Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales by Region (2020-2025) &nbsp;6.1.2 APAC Low Voltage (LV) and Medium Voltage (MV) Switchgear Revenue by Region (2020-2025) &nbsp;6.2 APAC Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales by Type (2020-2025) &nbsp;6.3 APAC Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales by Application (2020-2025) &nbsp;6.4 China &nbsp;6.5 Japan &nbsp;6.6 South Korea &nbsp;6.7 Southeast Asia &nbsp;6.8 India &nbsp;6.9 Australia &nbsp;6.10 China Taiwan 7 Europe &nbsp;7.1 Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear by Country &nbsp;7.1.1 Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales by Country (2020-2025) &nbsp;7.1.2 Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Revenue by Country (2020-2025) &nbsp;7.2 Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales by Type (2020-2025) &nbsp;7.3 Europe Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales by Application (2020-2025) &nbsp;7.4 Germany &nbsp;7.5 France &nbsp;7.6 UK &nbsp;7.7 Italy &nbsp;7.8 Russia 8 Middle East & Africa &nbsp;8.1 Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear by Country &nbsp;8.1.1 Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales by Country (2020-2025) &nbsp;8.1.2 Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Revenue by Country (2020-2025) &nbsp;8.2 Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales by Type (2020-2025) &nbsp;8.3 Middle East & Africa Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales by Application (2020-2025) &nbsp;8.4 Egypt &nbsp;8.5 South Africa &nbsp;8.6 Israel &nbsp;8.7 Turkey &nbsp;8.8 GCC Countries 9 Market Drivers, Challenges and Trends &nbsp;9.1 Market Drivers & Growth Opportunities &nbsp;9.2 Market Challenges & Risks &nbsp;9.3 Industry Trends 10 Manufacturing Cost Structure Analysis &nbsp;10.1 Raw Material and Suppliers &nbsp;10.2 Manufacturing Cost Structure Analysis of Low Voltage (LV) and Medium Voltage (MV) Switchgear &nbsp;10.3 Manufacturing Process Analysis of Low Voltage (LV) and Medium Voltage (MV) Switchgear &nbsp;10.4 Industry Chain Structure of Low Voltage (LV) and Medium Voltage (MV) Switchgear 11 Marketing, Distributors and Customer &nbsp;11.1 Sales Channel &nbsp;11.1.1 Direct Channels &nbsp;11.1.2 Indirect Channels &nbsp;11.2 Low Voltage (LV) and Medium Voltage (MV) Switchgear Distributors &nbsp;11.3 Low Voltage (LV) and Medium Voltage (MV) Switchgear Customer 12 World Forecast Review for Low Voltage (LV) and Medium Voltage (MV) Switchgear by Geographic Region &nbsp;12.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Size Forecast by Region &nbsp;12.1.1 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Forecast by Region (2026-2031) &nbsp;12.1.2 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Annual Revenue Forecast by Region (2026-2031) &nbsp;12.2 Americas Forecast by Country (2026-2031) &nbsp;12.3 APAC Forecast by Region (2026-2031) &nbsp;12.4 Europe Forecast by Country (2026-2031) &nbsp;12.5 Middle East & Africa Forecast by Country (2026-2031) &nbsp;12.6 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Forecast by Type (2026-2031) &nbsp;12.7 Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Forecast by Application (2026-2031) 13 Key Players Analysis &nbsp;13.1 ABB &nbsp;13.1.1 ABB Company Information &nbsp;13.1.2 ABB Low Voltage (LV) and Medium Voltage (MV) Switchgear Product Portfolios and Specifications &nbsp;13.1.3 ABB Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales, Revenue, Price and Gross Margin (2020-2025) &nbsp;13.1.4 ABB Main Business Overview &nbsp;13.1.5 ABB Latest Developments &nbsp;13.2 Eaton &nbsp;13.2.1 Eaton Company Information &nbsp;13.2.2 Eaton Low Voltage (LV) and Medium Voltage (MV) Switchgear Product Portfolios and Specifications &nbsp;13.2.3 Eaton Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales, Revenue, Price and Gross Margin (2020-2025) &nbsp;13.2.4 Eaton Main Business Overview &nbsp;13.2.5 Eaton Latest Developments &nbsp;13.3 General Electric &nbsp;13.3.1 General Electric Company Information &nbsp;13.3.2 General Electric Low Voltage (LV) and Medium Voltage (MV) Switchgear Product Portfolios and Specifications &nbsp;13.3.3 General Electric Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales, Revenue, Price and Gross Margin (2020-2025) &nbsp;13.3.4 General Electric Main Business Overview &nbsp;13.3.5 General Electric Latest Developments &nbsp;13.4 Powell Industries &nbsp;13.4.1 Powell Industries Company Information &nbsp;13.4.2 Powell Industries Low Voltage (LV) and Medium Voltage (MV) Switchgear Product Portfolios and Specifications &nbsp;13.4.3 Powell Industries Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales, Revenue, Price and Gross Margin (2020-2025) &nbsp;13.4.4 Powell Industries Main Business Overview &nbsp;13.4.5 Powell Industries Latest Developments &nbsp;13.5 Siemens &nbsp;13.5.1 Siemens Company Information &nbsp;13.5.2 Siemens Low Voltage (LV) and Medium Voltage (MV) Switchgear Product Portfolios and Specifications &nbsp;13.5.3 Siemens Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales, Revenue, Price and Gross Margin (2020-2025) &nbsp;13.5.4 Siemens Main Business Overview &nbsp;13.5.5 Siemens Latest Developments &nbsp;13.6 Schneider Electric &nbsp;13.6.1 Schneider Electric Company Information &nbsp;13.6.2 Schneider Electric Low Voltage (LV) and Medium Voltage (MV) Switchgear Product Portfolios and Specifications &nbsp;13.6.3 Schneider Electric Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales, Revenue, Price and Gross Margin (2020-2025) &nbsp;13.6.4 Schneider Electric Main Business Overview &nbsp;13.6.5 Schneider Electric Latest Developments &nbsp;13.7 Bharat Heavy Electricals &nbsp;13.7.1 Bharat Heavy Electricals Company Information &nbsp;13.7.2 Bharat Heavy Electricals Low Voltage (LV) and Medium Voltage (MV) Switchgear Product Portfolios and Specifications &nbsp;13.7.3 Bharat Heavy Electricals Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales, Revenue, Price and Gross Margin (2020-2025) &nbsp;13.7.4 Bharat Heavy Electricals Main Business Overview &nbsp;13.7.5 Bharat Heavy Electricals Latest Developments &nbsp;13.8 Hyosung &nbsp;13.8.1 Hyosung Company Information &nbsp;13.8.2 Hyosung Low Voltage (LV) and Medium Voltage (MV) Switchgear Product Portfolios and Specifications &nbsp;13.8.3 Hyosung Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales, Revenue, Price and Gross Margin (2020-2025) &nbsp;13.8.4 Hyosung Main Business Overview &nbsp;13.8.5 Hyosung Latest Developments &nbsp;13.9 Mitsubishi Electric &nbsp;13.9.1 Mitsubishi Electric Company Information &nbsp;13.9.2 Mitsubishi Electric Low Voltage (LV) and Medium Voltage (MV) Switchgear Product Portfolios and Specifications &nbsp;13.9.3 Mitsubishi Electric Low Voltage (LV) and Medium Voltage (MV) Switchgear Sales, Revenue, Price and Gross Margin (2020-2025) &nbsp;13.9.4 Mitsubishi Electric Main Business Overview &nbsp;13.9.5 Mitsubishi Electric Latest Developments 14 Research Findings and Conclusion

Report	Global Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Trends, Growth and Outlook 2025-31
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