Asia-Pacific Low Voltage Switchgear Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Asia-Pacific Low Voltage Switchgear market is segmented by Application (Substation and Distribution), Installation (Indoor and Outdoor), Voltage Rating (Below 250 V, 250 V - 750V, and 750V - 1000 V), and Geography (China, India, Japan, Australia, and Rest of Asia-Pacific). The report offers the market size and forecasts for Asia-Pacific low voltage switchgear market in revenue (USD billion) for all the above segments.

Asia-Pacific Low Voltage Switchgear Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Asia-Pacific Low Voltage Switchgear Market Size

Asia-Pacific Low Voltage Switchgear Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 7.00 %
Market Concentration Medium

Major Players

Asia-Pacific Low Voltage Switchgear Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Asia-Pacific Low Voltage Switchgear Market Analysis

The Asia-Pacific Low Voltage Switchgear Market is expected to register a CAGR of greater than 7% during the forecast period.

  • COVID-19 negatively impacted the market in 2020. Presently the market has reached pre-pandemic levels. Over the medium term, the increasing investment in the electricity sector and the increasing development of substations and distribution systems are expected to increase the demand for an Asia-Pacific low voltage switchgear market.
  • On the other hand, high operations and maintenance costs are expected to hinder the market growth.
  • Nevertheless, the increasing technological investments in the market to produce energy-efficient switchgear are expected to create huge opportunities for the Asia-Pacific low voltage switchgear market.
  • China is expected to dominate the market during the forecasted period due to the increasing demand for electricity and increasing investments in upgrading electricity infrastructure.

Asia-Pacific Low Voltage Switchgear Industry Overview

The Asia-Pacific low voltage switchgear market is moderately fragmented. Some of the key players in this market (in no particular order) are ABB Ltd, Schneider Electric SE, Siemens AG, Eaton Corporation PLC, and Mitsubishi Electric Corporation.

Asia-Pacific Low Voltage Switchgear Market Leaders

  1. ABB Ltd

  2. Siemens AG

  3. Mitsubishi Electric Corporation

  4. Schneider Electric SE

  5. Eaton Corporation PLC

  6. *Disclaimer: Major Players sorted in no particular order
Asia-Pacific Low Voltage Switchgear Market Concentration
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Asia-Pacific Low Voltage Switchgear Market News

  • February 2023: Elmeasure, a prominent energy management solutions company in India, announced its participation in ELECRAMA 2023. The company is slated to unveil its groundbreaking IoT-Enabled Low Voltage Switchgear during the event.
  • October 2022: LS Electric announced the completion of relocating its new plant from Hanoi to Bac Ninh, Vietnam. The new plant spans an area of 30,000 square meters, and its production facility is double the size of the existing Hanoi plant. This move is aimed at enabling LS Electric to penetrate the Southeast Asian market better. The company plans to diversify its business structure in the power system industry by introducing high-end products, including an ultra-high voltage gas insulated switchgear (GIS) and its existing low voltage switchgear market. The primary objective of this strategy is to increase the proportion of overseas sales by utilizing the new plant as its base.

Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Application
    • 5.1.1 Substation
    • 5.1.2 Distribution
    • 5.1.3 Utility
  • 5.2 Installation
    • 5.2.1 Outdoor
    • 5.2.2 Indoor
  • 5.3 Voltage Rating
    • 5.3.1 Less Than 250 V
    • 5.3.2 250 V - 750 V
    • 5.3.3 750 V - 1000 V
  • 5.4 Geography [Market Size and Demand Forecast till 2028 (for regions only)]
    • 5.4.1 China
    • 5.4.2 India
    • 5.4.3 Japan
    • 5.4.4 Australia
    • 5.4.5 Rest of Asia-Pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 ABB Ltd.
    • 6.3.2 Rockwell Automation Inc.
    • 6.3.3 Schneider Electric SE
    • 6.3.4 Siemens AG
    • 6.3.5 Havells India Ltd
    • 6.3.6 Hitachi, Ltd.
    • 6.3.7 Eaton Corporation Plc
    • 6.3.8 Mitsubishi Electric Corporation
    • 6.3.9 HD Hyundai Electric
    • 6.3.10 Fuji Electric Co., Ltd.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Asia-Pacific Low Voltage Switchgear Industry Segmentation

Low voltage switchgear refers to a collection of electrical equipment used to control, protect, and isolate electrical equipment and circuits with a voltage rating of up to 1000V AC (alternating current) or 1500V DC (direct current). The main function of low-voltage switchgear is to distribute electrical power from the source of power to various electrical equipment and loads and to protect the equipment and circuits from overloads, short circuits, and other faults. Low-voltage switchgear is essential to any electrical distribution system, ensuring the safe and reliable delivery of electrical power.

The Asia-Pacific low voltage switchgear market is segmented by application, installation, voltage rating, and geography. By application, the market is segmented into substation and distribution. By installation, the market is segmented into indoor and outdoor; by voltage rating, the market is segmented into below 250 V, 250 V - 750 V, and 750 V - 1000 V. The report also covers the market size and forecasts across major countries in the region, such as China, India, Japan, Australia, and Rest of Asia-Pacific.

For each segment, the market sizing and forecasts have been done based on revenue capacity in USD Billion.

Application Substation
Distribution
Utility
Installation Outdoor
Indoor
Voltage Rating Less Than 250 V
250 V - 750 V
750 V - 1000 V
Geography [Market Size and Demand Forecast till 2028 (for regions only)] China
India
Japan
Australia
Rest of Asia-Pacific
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Frequently Asked Questions

What is the current Asia-Pacific Low Voltage Switchgear Market size?

The Asia-Pacific Low Voltage Switchgear Market is projected to register a CAGR of greater than 7% during the forecast period (2025-2030)

Who are the key players in Asia-Pacific Low Voltage Switchgear Market?

ABB Ltd, Siemens AG, Mitsubishi Electric Corporation, Schneider Electric SE and Eaton Corporation PLC are the major companies operating in the Asia-Pacific Low Voltage Switchgear Market.

What years does this Asia-Pacific Low Voltage Switchgear Market cover?

The report covers the Asia-Pacific Low Voltage Switchgear Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Low Voltage Switchgear Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Asia-Pacific Low Voltage Switchgear Industry Report

Statistics for the 2025 Asia-Pacific Low Voltage Switchgear market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Low Voltage Switchgear analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.