7/30/2025, 9:32:59 AM | www.newstrail.com | news

    LV and MV Switchgear Market Rewriting Long Term Growth Story: ABB, Siemens, Eaton, Schneider Electric

    HTF Market Intelligence released a comprehensive analysis of the global LV and MV switchgear market, projecting a 5.5% CAGR from 2025 to 2032, with USD 84.5 Billion in 2025 expected to grow to USD 129.7 Billion by 2032. The report highlights key players like ABB, Siemens, Eaton, and Schneider Electric, market segments by type (Air Insulated, Gas Insulated, etc.) and application (Power Distribution, Industrial, etc.), and trends including IoT integration, gas-insulated adoption, and remote monitoring. The Asia Pacific region is dominant, while Middle East & Africa is the fastest-growing. Challenges include high initial costs and raw material volatility, with opportunities in renewables and infrastructure upgrades.

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