DUBLIN, November 15, 2021 / PRNewswire / – The report “Global Low Voltage Equipment (LVSG) Global Market Growth Opportunities, Forecast by 2026” has been added to ResearchAndMarkets.com’s Oferta e.

The market is projected to recover in 2021 with a marginal growth of 2% before gaining momentum in 2022 and beyond. The market is projected to record a composite annual growth rate of 4.3% from 2020 to 2026. With the resumption of building construction and renovation projects, market revenues are estimated to reach $ 41.74 billion until 2026.

The Low Voltage Switch (LVSG) market is well established globally. This research service provides an overview of the global LVSG market with a focus on protective and switching device components such as air circuit breakers, molded circuit breakers, miniature circuit breakers, residual current circuit breakers, contactors and other protection and control equipment from surges used. within LVSG mounting with values ​​below 1 kilovolt (kV).

LVSG components are used in applications such as electrical distribution, industrial automation and process control, and their end users include residential buildings, commercial buildings, industrial and other buildings such as municipal and public sector buildings.

The global COVID-19 pandemic has caused a slowdown in many industries, particularly by delaying construction activities and new investments in building systems renovation. Sales and overall market development LVSG were negatively impacted in 2020 and most of 2021. The negative effects of the pandemic on the market are likely to last throughout 2021. The market is expected to improve only in mid-2022 when economic investment is gaining momentum as the vaccination rate increases.

In 2020, the LVSG market recorded a negative growth rate of 6.5% due to global economic closures in response to the COVID-19 pandemic. In particular, the construction industry was badly affected, which resulted in the postponement or cancellation of the delivery of LVSG components after construction projects were delayed or delayed.

Key growth drivers for the LVSG market include renovation opportunities in old buildings for newly installed distributed energy source systems, new LVSGs with monitoring and analytical capabilities for energy management, construction and rural development activities to be take place in 2022, and technological advancements and innovations such as e.g. LVSG digital, intelligent switching, reduced physical footprint and eco-efficient switching.

Key market growth constraints include end-user preference for lower priced LVSG components, cost volatility due to limited raw material availability and lack of skilled labor, and economic slowdowns in various industries such as construction and energy.

Main topics covered:

1. Strategic imperatives

  • Why is it increasingly difficult to grow?
  • Strategic Imperative
  • Impact of three key strategic imperatives on the global low voltage circuit breaker industry
  • Growth opportunities feed the growth pipeline engine

2. Growth Opportunity Analysis

  • Scope of Analysis
  • Key growth metrics
  • Growth managers
  • Analysis of growth promoters
  • Growth restrictions
  • Analysis of growth constraints
  • Revenue forecast
  • Revenue forecast analysis
  • Product revenue forecast
  • Product revenue forecast analysis
  • Revenue forecast by region
  • Revenue forecast by Industry Vertical

3. Competitive environment

  • Competitive framework
  • Profile of the main participant – Schneider Electric
  • Profile of the main participant – ABB
  • Profile of the main participant – Siemens
  • Profile of the main participant – Eaton
  • Profile of the main participant – Legrand

4. The Universe of Growth Opportunity

  • Growth Opportunity 1 – Integrated energy and building solutions for value-added benefits
  • Growth Opportunity 2 – Smart and environmentally friendly LVSG for product differentiation
  • Growth Opportunity 3 – LVSG ready for the future for DER in buildings

5. List of Exhibits

For more information about this report visit https://www.researchandmarkets.com/r/s4vk6j

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