Report Details:
15 Companies Covered
100 Pages
Market Research Future (MRFR) has published a cooked research report on the “Europe and South America Medium & Low Voltage Switchgear Market” that contains the information from 2019 to 2035.
The Medium & Low Voltage Switchgear market is estimated to register a CAGR of 4.272% during the forecast period of 2025 to 2035.
MRFR recognizes the following companies as the key players in the Europe and South America Medium & Low Voltage Switchgear Market— Siemens, ABB, Schneider Electric, Eaton Corporation, Mitsubishi Electric Corporation, GE Vernova, Hyosung Corporation, Powell Industries, HD Hyundai Electric, SGC-SwitchGear Company.
Europe and South America Medium & Low Voltage Switchgear Market Highlights
The Europe and South America Medium & Low Voltage Switchgear Market is accounted for to register a CAGR of 4.272% during the forecast period and is estimated to reach USD 39,910.7 million by 2035.
Developing markets offer significant opportunities for new product introductions and innovations in the low and medium voltage (LV and MV) switchgear markets in both Europe and South America, as these regions continue to invest in modernizing infrastructure, expanding energy access, and transitioning toward digital and renewable energy systems. These dynamic conditions create fertile ground for innovative switchgear technologies that improve efficiency, safety, and integration with emerging energy trends.
The Western Europe is mature in terms of infrastructure, there are developing sub-markets within the region that present opportunities for smart, compact, and energy-efficient LV and MV switchgear solutions. The Eastern and Southeastern Europe, where grid modernization is ongoing, particularly in countries such as Romania, Bulgaria, and the Western Balkans. These regions are transitioning away from aging Soviet-era electrical infrastructure, creating demand for digitally enabled switchgear and modular systems suitable for tight urban and industrial spaces. Europe’s push toward green and smart buildings, backed by policies under the European Green Deal and Energy Efficiency Directive, provides opportunities to introduce low-loss, eco-friendly LV switchgear products that support automation, load monitoring, and energy optimization at the building level. Moreover, the drive toward digitalization and Industry 4.0 in industrial segments supports the adoption of IoT-integrated switchgear capable of predictive maintenance, real-time diagnostics, and smart fault isolation — a field ripe for innovation and premium product offerings.
In South America, large-scale infrastructure expansion and the push for electrification in both urban and remote areas create a significant opportunity for entry-level to mid-range switchgear solutions with scope for innovation in ruggedness, modularity, and energy efficiency. Developing markets, particularly in regions like South America, present a significant opportunity for the introduction of new and innovative products in the low and medium voltage switchgear sectors. These markets are characterized by ongoing infrastructure expansion, rapid urbanization, and a growing emphasis on modernizing aging electrical grids, all of which create a fertile environment for technological advancements. For instance, countries such as Brazil, Chile, and Argentina are investing heavily in renewable energy projects and smart grid technologies, driving demand for switchgear solutions that are not only reliable but also capable of integrating with decentralized and variable energy sources like solar and wind power. This demand encourages manufacturers to develop products that offer enhanced digital capabilities, such as real-time monitoring, remote diagnostics, and predictive maintenance, which improve system efficiency and reduce downtime.
Segment Analysis
The Europe and South America Medium & Low Voltage Switchgear Market has been segmented based on Protection, Product, Rated Current, Voltage, Installation, Current, End-User and Region.
The Europe and South America Medium & Low Voltage Switchgear Market segmentation, based on Protection has been segmented into Circuit Breaker, Fuse and Others. Among these, the Circuit Breaker Medium & Low Voltage Switchgear is projected to dominate the Europe and South America Medium & Low Voltage Switchgear Market revenue through the projected period. Based on Product it has been segmented into Fixed Mounting, Plug In and Withdrawal Unit. Fixed Mounting is projected to dominate the Europe and South America Medium & Low Voltage Switchgear Market revenue through the projected period.
In Rated Current segment, the market is categorized <1,000 Ampere, 1,000 To 5,000 Ampere and >5,000 Ampere. Out of which the <1,000 Ampere segment held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well. In Voltage segment, the market is categorized Upto 250 V, >250 V to 750 V, >750 V to 1 kV, >1 kV to 9 kV, >9 kV to 15 kV, >15 kV to 27 kV, >27 kV to 33 kV and >33 kV. Out of which the Upto 250 V segment held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well.
In Installation segment, the market is categorized Indoor and Outdoor. Out of which the Indoor segment held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well. In Current segment, the market is categorized AC and DC. Out of which the AC segment held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well.
The Europe and South America Medium & Low Voltage Switchgear Market segmentation, based on End-User has been segmented into Utility, Commercial, Industrial and Residential. Among these, the Utility Medium & Low Voltage Switchgear is projected to dominate the Europe and South America Medium & Low Voltage Switchgear Market revenue through the projected period.
Region Analysis
By Region, the Medium & Low Voltage Switchgear market is segmented into Europe [Germany, UK, France, Russia, Italy, Spain and Rest of Europe], South America [Brazil, Mexico, Argentina, Peru, Chile and Rest of South America]. Europe Medium & Low Voltage Switchgear market holds the considerable market share and is also forecasted to hold the largest share during the forecast period.
Key Findings of the Study
- The Europe and South America Medium & Low Voltage Switchgear Market is expected to reach 39,910.7 million by 2035, at a CAGR of 4.272% during the forecast period.
- Europe accounted for the fastest-growing market.
- Based on Protection, the Circuit Breaker segment was attributed to holding the largest market in 2024.
- Based on Product, the Fixed Mounting segment was attributed to holding the largest market in 2024.
- Based on Rated Current, the <1,000 Ampere segment was attributed to holding the largest market in 2024.
- Based on Voltage, the Upto 250 V segment was attributed to holding the largest market in 2024.
- Based on Installation, the Indoor segment was attributed to holding the largest market in 2024.
- Based on Current, the AC segment was attributed to holding the largest market in 2024.
- Based on End-User, the Utility segment was attributed to holding the largest market in 2024.
- Siemens, ABB, Schneider Electric, Eaton Corporation, Mitsubishi Electric Corporation, GE Vernova, Hyosung Corporation, Powell Industries, HD Hyundai Electric, SGC-SwitchGear Company are the key market players.
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