Please Wait.....
Report
Europe Low Voltage Switchgear - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)
Market Report I 2025-04-28 I 110 Pages I Mordor Intelligence
The Europe Low Voltage Switchgear Market is expected to register a CAGR of greater than 6% during the forecast period.
Key Highlights
- 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 increasing development of substations and distribution systems are expected to increase the demand for a Europe 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 Europe Low Voltage Switchgear Market.
- Germany is expected to dominate the market during the forecasted period due to the increasing demand for electricity and increasing investments in upgrading electricity infrastructure.
Europe Low Voltage Switchgear Market Trends
Distribution Segments to dominate the market
- The distribution system includes a network of power lines, substations, transformers, and other equipment that is used to transport and deliver electrical power to the end users. The distribution system is divided into two categories primary and secondary distribution. The primary distribution refers to the transmission of high-voltage electricity from the power plant to the local substations. The secondary distribution refers to the delivery of lower-voltage electricity to end-users.
- In recent years, Europe has witnessed a surge in industrialization and urbanization, leading to the emergence of numerous commercial and industrial entities. This has resulted in substantial growth in sectors such as manufacturing, data centers, and various other industries. It is anticipated that this trend will persist throughout the forecasted period.
- With this increasing industrialization and urbanization, the demand for electricity has increased consequently. Increasing the demand for distribution systems in various countries such as Germany, France, the United Kingdom, Spain, etc.
- According to Eurostat, electricity consumption in Europe was on the rise again after 2020. The electricity consumption in Europe was 3205 TWh which was a rise of 4.53% compared to 2020. The consumption is further expected to increase during the forecasted period owing to increasing investments by companies to expand their business in Europe.
- For instance, in February 2023, BYD Company, a leading Chinese battery manufacturing company, announced their plans to build their own manufacturing plant in Europe and shortlisted various locations in Germany and the United Kingdom in order to expand in the European region and improve their market shares.
- Therefore owing to the above-mentioned points, the distribution system is expected to hold a significant market share during the forecasted period.
Germany to Witness Significant Growth
- Germany is one of the largest consumers of electricity in the European Union and globally. According to the Federal Ministry for Economic Affairs and Energy, the gross electricity consumption in Germany in 2022 was around 293.02 Terra watt-hours (TWh), which is a slight decrease from the previous year's consumption of 319.6 Terra watt-hours (TWh).
- The decrease was mainly due to recent geopolitical developments like the Russia-Ukraine conflict, which significantly affected the natural gas supplies, thus reducing electricity production in the country.
- Therefore, the country has prioritized energy security in the country and has started expanding renewables in the country. According to the International Renewable Energy Agency (IRENA), Germany witnessed a 7% rise in the overall installed capacity of renewable energy in the year 2022, with an installation of almost 9.81 GW. The country is predicted to witness a remarkable increase in installed capacity for onshore and offshore wind as well as solar power, making it a crucial market for EPC (engineering, procurement, and construction) services for solar and wind projects.
- In June 2022, Vestas AS secured a contract to provide EnBW's He Dreiht offshore wind project with 64 V235-15.0 MW wind turbines, generating a capacity of 900 MW. Additionally, Vestas has inked a deal with Cadeler for the transportation and installation of the turbines, slated to begin in the second quarter of 2025.
- Moreover, according to the German federal network agency, the country's existing transmission and distribution system does not offer operational flexibility efficiently. The agency expects the German government to invest around USD 58 billion by 2030 in order to match the transmission and distribution network capacity with the increasing adoption of renewable energy.
- These developments in the renewable energy sector will increase the investments in the substations and distribution systems which will increase the demand for low voltage switchgear in the country during the forecasted period.
Europe Low Voltage Switchgear Industry Overview
The Europe Low Voltage Switchgear Market is moderately fragmented. Some of the key players in this market (in no particular order) are ABB Ltd., Siemens AG, Mitsubishi Electric Corporation, Schneider Electric SE, and Eaton Corporation PLC.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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 Germany
5.4.2 France
5.4.3 United Kingdom
5.4.4 Rest of Europe
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
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.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security