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Part 5
Description
The global Low Voltage Apparatus market is projected to grow from US$ 100047 million in 2025 to US$ 175410 million by 2031, at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period.
Low voltage apparatus refers to electrical equipment or devices that operate at a voltage level considered safe for humans, typically below 50 volts for alternating current (AC) and below 120 volts for direct current (DC). These systems are widely used in residential, commercial, and industrial settings for various applications requiring lower power levels and reduced risk of electrical shock.
Low Voltage Apparatus Market Size(US$)
M= millions and B=billions
Key Growth Drivers
New Energy Revolution Driving Demand
The rapid expansion of photovoltaic, wind power, and energy storage installations is fueling demand for supporting low-voltage electrical equipment. The new energy sector is projected to account for 45-50% of leading companies' revenue by 2025, becoming the primary growth engine14. Global solar installations grew by over 60% in 2024, with China contributing more than 60% of global production capacity.
Intelligent Upgrade Requirements
Smart grid construction and industrial automation are accelerating the transition from traditional to intelligent low-voltage electrical products. Demand for technologically advanced products like smart circuit breakers and remote monitoring systems has increased significantly5. By 2027, China's intelligent power distribution solutions market is expected to exceed 20 billion yuan.
Global Infrastructure Investments
Urbanization in developing countries is creating strong demand for infrastructure construction in Southeast Asia, the Middle East, and other regions. China's low-voltage electrical equipment exports to Vietnam surged 37.9% year-on-year in Q1 2025. Developing countries facing electricity shortages are increasingly adopting photovoltaic solutions, with India having over 90 million people without electricity access.
Product Category Trends
Distribution equipment (nearly 50% market share) shows the best growth prospects, benefiting from new energy and infrastructure sectors
Control equipment maintains stable growth driven by industrial equipment upgrades
Terminal equipment faces short-term pressure due to real estate sector downturn
Technology Evolution and Product Innovation
Future low-voltage electrical technology development will focus on "Three Highs and One New Generation":
High Performance
Enhanced product reliability and safety standards, with new circuit breakers achieving more precise overcurrent protection and faster fault response.
High Integration
Modular designs become mainstream, such as integrated frame circuit breakers with isolation functions reducing installation space by over 50%.
High Intelligence
Widespread adoption of smart devices with built-in sensors and communication modules enables real-time monitoring, fault warning, and remote contro.
New Generation DC Technology
With expanding applications in data center HVDC power supply and EV charging, DC low-voltage equipment has become an R&D focus. Leading companies have launched full-series DC products.
Material and Process Innovations
Increased use of eco-friendly materials like cadmium-free contacts and bio-based plastics to meet EU environmental regulations
Digital factories and flexible manufacturing systems improve quality while reducing costs. For example, automation upgrades at Liangxin's Haiyan factory increased production efficiency by over 30%
Application Field Expansion and Transformation
While traditional construction and industrial sectors still account for over 50% of low-voltage equipment demand, growth momentum has shifted to emerging fields:
Data Centers and Digital Infrastructure
DC power distribution systems are expanding in data centers, creating demand for specialized DC circuit breakers and contactors
AI development has driven data center construction, with U.S. tech giants investing $218 billion in AI data centers in 2024, up 45% year-on-year
New Energy Vehicles and Charging Infrastructure
Rapid EV charger adoption requires dedicated power distribution protection equipment
Vehicle low-voltage systems are evolving toward higher voltages, driving related product upgrades.
In terms of production side, this report researches the Low Voltage Apparatus production, growth rate, market share by manufacturers and by region (region level and country level), from 2020 to 2025, and forecast to 2031.
In terms of consumption side, this report focuses on the sales of Low Voltage Apparatus by region (region level and country level), by company, by Type and by Application. from 2020 to 2025 and forecast to 2031.
This report presents an overview of global market for Low Voltage Apparatus, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue/sales data for 2020 - 2025, estimates for 2025, and projections of CAGR through 2031.
This report researches the key producers of Low Voltage Apparatus, also provides the consumption of main regions and countries. of the upcoming market potential for Low Voltage Apparatus, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Low Voltage Apparatus sales, revenue, market share and industry ranking of main manufacturers, data from 2020 to 2025. Identification of the major stakeholders in the global Low Voltage Apparatus market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2020 to 2031. Evaluation and forecast the market size for Low Voltage Apparatus sales, projected growth trends, production technology, application and end-user industry.
Descriptive company profiles of the major global players, including Schneider Electric, Siemens, ABB, Mitsubishi Electric, Eaton, Chint Electrics, Legrand, Fuji Electric, Sensata, Shanghai Liangxin Electrical, etc.
Market Segmentation
Report Metric
Details
Report Title
Global Low Voltage Apparatus Market Insights, Forecast to 2031
Forecasted Market Size in 2031
US$ 175410 million
CAGR(2025-2031)
9.8%
Market Size Available for Years
2025-2031
Global Low Voltage Apparatus Companies Covered
Schneider Electric
Siemens
ABB
Mitsubishi Electric
Eaton
Chint Electrics
Legrand
Fuji Electric
Sensata
Shanghai Liangxin Electrical
Zhejiang Tengen Electric
Changshu Switch
Shanghai Renmin Electrical Apparatus Works
Hongfa Technology
Guizhou Taiyong-Changzheng Technology
Global Low Voltage Apparatus Market, by Region
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Low Voltage Apparatus Market, Segment by Type
Distribution Apparatus
Terminal Apparatus
Control Appliance
Power Appliance
Global Low Voltage Apparatus Market, Segment by Application
Electric Power
Building
Petrochemical
Industrial Control
Telecom
Traffic
Forecast Units
USD million in value
Report Coverage
Revenue and volume forecast, company share, competitive landscape, growth factors and trends
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type and by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Low Voltage Apparatus production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 3: Sales (consumption), revenue of Low Voltage Apparatus in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 4: Detailed analysis of Low Voltage Apparatus manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America (US & Canada) by Type, by Application and by country, sales, and revenue for each segment.
Chapter 8: Europe by Type, by Application and by country, sales, and revenue for each segment.
Chapter 9: China by Type, and by Application, sales, and revenue for each segment.
Chapter 10: Asia (excluding China) by Type, by Application and by region, sales, and revenue for each segment.
Chapter 11: Middle East, Africa, Latin America by Type, by Application and by country, sales, and revenue for each segment.
Chapter 12: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Low Voltage Apparatus sales, revenue, price, gross margin, and recent development, etc.
Chapter 13: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 14: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 15: The main points and conclusions of the report.
Table of Contents
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Low Voltage Apparatus Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Distribution Apparatus
1.2.3 Terminal Apparatus
1.2.4 Control Appliance
1.2.5 Power Appliance
1.3 Market by Application
1.3.1 Global Low Voltage Apparatus Market Share by Application: 2020 VS 2024 VS 2031
1.3.2 Electric Power
1.3.3 Building
1.3.4 Petrochemical
1.3.5 Industrial Control
1.3.6 Telecom
1.3.7 Traffic
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Low Voltage Apparatus Market Perspective (2020-2031)
2.2 Global Low Voltage Apparatus Growth Trends by Region
2.2.1 Global Low Voltage Apparatus Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 Low Voltage Apparatus Market Size by Region (2020-2031)
2.3 Low Voltage Apparatus Market Dynamics
2.3.1 Low Voltage Apparatus Industry Trends
2.3.2 Low Voltage Apparatus Market Drivers
2.3.3 Low Voltage Apparatus Market Challenges
2.3.4 Low Voltage Apparatus Market Restraints
3 Competition Landscape by Key Players
3.1 Global Revenue Low Voltage Apparatus by Players
3.1.1 Global Low Voltage Apparatus Revenue by Players (2020-2025)
3.1.2 Global Low Voltage Apparatus Revenue Market Share by Players (2020-2025)
3.2 Global Low Voltage Apparatus Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players of Low Voltage Apparatus, Ranking by Revenue, 2023 VS 2024 VS 2025
3.4 Global Market Concentration Ratio
3.4.1 Global Low Voltage Apparatus Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Low Voltage Apparatus Revenue in 2024
3.5 Global Key Players of Low Voltage Apparatus Head office and Area Served
3.6 Global Key Players of Low Voltage Apparatus, Product and Application
3.7 Global Key Players of Low Voltage Apparatus, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type
4.1 Global Low Voltage Apparatus Historic Market Size by Type (2020-2025)
4.2 Global Low Voltage Apparatus Forecasted Market Size by Type (2026-2031)
5 Breakdown Data by Application
5.1 Global Low Voltage Apparatus Historic Market Size by Application (2020-2025)
5.2 Global Low Voltage Apparatus Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America Low Voltage Apparatus Market Size (2020-2031)
6.2 North America Market Size by Type
6.2.1 North America Low Voltage Apparatus Market Size by Type (2020-2031)
6.2.2 North America Low Voltage Apparatus Market Share by Type (2020-2031)
6.3 North America Market Size by Application
6.3.1 North America Low Voltage Apparatus Market Size by Application (2020-2031)
6.3.2 North America Low Voltage Apparatus Market Share by Application (2020-2031)
6.4 North America Market Size by Country
6.4.1 North America Low Voltage Apparatus Market Size by Country: 2020 VS 2024 VS 2031
6.4.2 North America Low Voltage Apparatus Market Size by Country (2020-2031)
6.4.3 United States
6.4.4 Canada
7 Europe
7.1 Europe Low Voltage Apparatus Market Size (2020-2031)
7.2 Europe Market Size by Type
7.2.1 Europe Low Voltage Apparatus Market Size by Type (2020-2031)
7.2.2 Europe Low Voltage Apparatus Market Share by Type (2020-2031)
7.3 Europe Market Size by Application
7.3.1 Europe Low Voltage Apparatus Market Size by Application (2020-2031)
7.3.2 Europe Low Voltage Apparatus Market Share by Application (2020-2031)
7.4 Europe Market Size by Country
7.4.1 Europe Low Voltage Apparatus Market Size by Country: 2020 VS 2024 VS 2031
7.4.2 Europe Low Voltage Apparatus Market Size by Country (2020-2025)
7.4.3 Germany
7.4.4 France
7.4.5 U.K.
7.4.6 Italy
7.4.7 Russia
7.4.8 Nordic Countries
8 China
8.1 China Low Voltage Apparatus Market Size (2020-2031)
8.2 China Market Size by Type
8.2.1 China Low Voltage Apparatus Market Size by Type (2020-2031)
8.2.2 China Low Voltage Apparatus Market Share by Type (2020-2031)
8.3 China Market Size by Application
8.3.1 China Low Voltage Apparatus Market Size by Application (2020-2031)
8.3.2 China Low Voltage Apparatus Market Share by Application (2020-2031)
9 Asia (excluding China)
9.1 Asia Low Voltage Apparatus Market Size (2020-2031)
9.2 Asia Market Size by Type
9.2.1 Asia Low Voltage Apparatus Market Size by Type (2020-2031)
9.2.2 Asia Low Voltage Apparatus Market Share by Type (2020-2031)
9.3 Asia Market Size by Application
9.3.1 Asia Low Voltage Apparatus Market Size by Application (2020-2031)
9.3.2 Asia Low Voltage Apparatus Market Share by Application (2020-2031)
9.4 Asia Market Size by Region
9.4.1 Asia Low Voltage Apparatus Market Size by Region: 2020 VS 2024 VS 2031
9.4.2 Asia Low Voltage Apparatus Market Size by Region (2020-2031)
9.4.3 Japan
9.4.4 South Korea
9.4.5 China Taiwan
9.4.6 Southeast Asia
9.4.7 India
9.4.8 Australia
10 Middle East, Africa, and Latin America
10.1 Middle East, Africa, and Latin America Low Voltage Apparatus Market Size (2020-2031)
10.2 Middle East, Africa, and Latin America Market Size by Type
10.2.1 Middle East, Africa, and Latin America Low Voltage Apparatus Market Size by Type (2020-2031)
10.2.2 Middle East, Africa, and Latin America Low Voltage Apparatus Market Share by Type (2020-2031)
10.3 Middle East, Africa, and Latin America Market Size by Application
10.3.1 Middle East, Africa, and Latin America Low Voltage Apparatus Market Size by Application (2020-2031)
10.3.2 Middle East, Africa, and Latin America Market Share by Application (2020-2031)
10.4 Middle East, Africa, and Latin America Market Size by Country
10.4.1 Middle East, Africa, and Latin America Low Voltage Apparatus Market Size by Country: 2020 VS 2024 VS 2031
10.4.2 Middle East, Africa, and Latin America Low Voltage Apparatus Market Size by Country (2020-2031)
10.4.3 Brazil
10.4.4 Mexico
10.4.5 Turkey
10.4.6 Saudi Arabia
10.4.7 Israel
10.4.8 GCC Countries
11 Key Players Profiles
11.1 Schneider Electric
11.1.1 Schneider Electric Company Details
11.1.2 Schneider Electric Business Overview
11.1.3 Schneider Electric Low Voltage Apparatus Introduction
11.1.4 Schneider Electric Revenue in Low Voltage Apparatus Business (2020-2025)
11.1.5 Schneider Electric Recent Development
11.2 Siemens
11.2.1 Siemens Company Details
11.2.2 Siemens Business Overview
11.2.3 Siemens Low Voltage Apparatus Introduction
11.2.4 Siemens Revenue in Low Voltage Apparatus Business (2020-2025)
11.2.5 Siemens Recent Development
11.3 ABB
11.3.1 ABB Company Details
11.3.2 ABB Business Overview
11.3.3 ABB Low Voltage Apparatus Introduction
11.3.4 ABB Revenue in Low Voltage Apparatus Business (2020-2025)
11.3.5 ABB Recent Development
11.4 Mitsubishi Electric
11.4.1 Mitsubishi Electric Company Details
11.4.2 Mitsubishi Electric Business Overview
11.4.3 Mitsubishi Electric Low Voltage Apparatus Introduction
11.4.4 Mitsubishi Electric Revenue in Low Voltage Apparatus Business (2020-2025)
11.4.5 Mitsubishi Electric Recent Development
11.5 Eaton
11.5.1 Eaton Company Details
11.5.2 Eaton Business Overview
11.5.3 Eaton Low Voltage Apparatus Introduction
11.5.4 Eaton Revenue in Low Voltage Apparatus Business (2020-2025)
11.5.5 Eaton Recent Development
11.6 Chint Electrics
11.6.1 Chint Electrics Company Details
11.6.2 Chint Electrics Business Overview
11.6.3 Chint Electrics Low Voltage Apparatus Introduction
11.6.4 Chint Electrics Revenue in Low Voltage Apparatus Business (2020-2025)
11.6.5 Chint Electrics Recent Development
11.7 Legrand
11.7.1 Legrand Company Details
11.7.2 Legrand Business Overview
11.7.3 Legrand Low Voltage Apparatus Introduction
11.7.4 Legrand Revenue in Low Voltage Apparatus Business (2020-2025)
11.7.5 Legrand Recent Development
11.8 Fuji Electric
11.8.1 Fuji Electric Company Details
11.8.2 Fuji Electric Business Overview
11.8.3 Fuji Electric Low Voltage Apparatus Introduction
11.8.4 Fuji Electric Revenue in Low Voltage Apparatus Business (2020-2025)
11.8.5 Fuji Electric Recent Development
11.9 Sensata
11.9.1 Sensata Company Details
11.9.2 Sensata Business Overview
11.9.3 Sensata Low Voltage Apparatus Introduction
11.9.4 Sensata Revenue in Low Voltage Apparatus Business (2020-2025)
11.9.5 Sensata Recent Development
11.10 Shanghai Liangxin Electrical
11.10.1 Shanghai Liangxin Electrical Company Details
11.10.2 Shanghai Liangxin Electrical Business Overview
11.10.3 Shanghai Liangxin Electrical Low Voltage Apparatus Introduction
11.10.4 Shanghai Liangxin Electrical Revenue in Low Voltage Apparatus Business (2020-2025)
11.10.5 Shanghai Liangxin Electrical Recent Development
11.11 Zhejiang Tengen Electric
11.11.1 Zhejiang Tengen Electric Company Details
11.11.2 Zhejiang Tengen Electric Business Overview
11.11.3 Zhejiang Tengen Electric Low Voltage Apparatus Introduction
11.11.4 Zhejiang Tengen Electric Revenue in Low Voltage Apparatus Business (2020-2025)
11.11.5 Zhejiang Tengen Electric Recent Development
11.12 Changshu Switch
11.12.1 Changshu Switch Company Details
11.12.2 Changshu Switch Business Overview
11.12.3 Changshu Switch Low Voltage Apparatus Introduction
11.12.4 Changshu Switch Revenue in Low Voltage Apparatus Business (2020-2025)
11.12.5 Changshu Switch Recent Development
11.13 Shanghai Renmin Electrical Apparatus Works
11.13.1 Shanghai Renmin Electrical Apparatus Works Company Details
11.13.2 Shanghai Renmin Electrical Apparatus Works Business Overview
11.13.3 Shanghai Renmin Electrical Apparatus Works Low Voltage Apparatus Introduction
11.13.4 Shanghai Renmin Electrical Apparatus Works Revenue in Low Voltage Apparatus Business (2020-2025)
11.13.5 Shanghai Renmin Electrical Apparatus Works Recent Development
11.14 Hongfa Technology
11.14.1 Hongfa Technology Company Details
11.14.2 Hongfa Technology Business Overview
11.14.3 Hongfa Technology Low Voltage Apparatus Introduction
11.14.4 Hongfa Technology Revenue in Low Voltage Apparatus Business (2020-2025)
11.14.5 Hongfa Technology Recent Development
11.15 Guizhou Taiyong-Changzheng Technology
11.15.1 Guizhou Taiyong-Changzheng Technology Company Details
11.15.2 Guizhou Taiyong-Changzheng Technology Business Overview
11.15.3 Guizhou Taiyong-Changzheng Technology Low Voltage Apparatus Introduction
11.15.4 Guizhou Taiyong-Changzheng Technology Revenue in Low Voltage Apparatus Business (2020-2025)
11.15.5 Guizhou Taiyong-Changzheng Technology Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
Table of Figures
List of Tables
Table 1. Global Low Voltage Apparatus Market Size Growth Rate by Type (US$ Million): 2020 VS 2024 VS 2031
Table 2. Key Players of Distribution Apparatus
Table 3. Key Players of Terminal Apparatus
Table 4. Key Players of Control Appliance
Table 5. Key Players of Power Appliance
Table 6. Global Low Voltage Apparatus Market Size Growth by Application (US$ Million): 2020 VS 2024 VS 2031
Table 7. Global Low Voltage Apparatus Market Size Growth Rate (CAGR) by Region (US$ Million): 2020 VS 2024 VS 2031
Table 8. Global Market Size by Region (2020-2031) & (US$ Million)
Table 9. Global Low Voltage Apparatus Market Share by Region (2020-2031)
Table 10. Market Trends
Table 11. Market Drivers
Table 12. Market Challenges
Table 13. Market Restraints
Table 14. Global Low Voltage Apparatus Revenue by Players (2020-2025) & (US$ Million)
Table 15. Global Low Voltage Apparatus Market Share by Players (2020-2025)
Table 16. Global Top Low Voltage Apparatus Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Low Voltage Apparatus as of 2024)
Table 17. Global Low Voltage Apparatus Industry Ranking 2023 VS 2024
Table 18. Global 5 Largest Players Market Share by Low Voltage Apparatus Revenue (CR5 and HHI) & (2020-2025)
Table 19. Global Key Players of Low Voltage Apparatus, Headquarters and Area Served
Table 20. Global Key Players of Low Voltage Apparatus, Product and Application
Table 21. Global Key Players of Low Voltage Apparatus, Date of Enter into This Industry
Table 22. Mergers & Acquisitions, Expansion Plans
Table 23. Global Market Size by Type (2020-2025) & (US$ Million)
Table 24. Global Low Voltage Apparatus Revenue Market Share by Type (2020-2025)
Table 25. Global Forecasted Market Size by Type (2026-2031) & (US$ Million)
Table 26. Global Low Voltage Apparatus Revenue Market Share by Type (2026-2031)
Table 27. Global Market Size by Application (2020-2025) & (US$ Million)
Table 28. Global Low Voltage Apparatus Revenue Market Share by Application (2020-2025)
Table 29. Global Forecasted Market Size by Application (2026-2031) & (US$ Million)
Table 30. Global Low Voltage Apparatus Revenue Market Share by Application (2026-2031)
Table 31. North America Market Size by Type (2020-2031) & (US$ Million)
Table 32. North America Market Size by Application (2020-2031) & (US$ Million)
Table 33. North America Low Voltage Apparatus Growth Rate (CAGR) by Country (US$ Million): 2020 VS 2024 VS 2031
Table 34. North America Market Size by Country (2020-2031) & (US$ Million)
Table 35. Europe Market Size by Type (2020-2031) & (US$ Million)
Table 36. Europe Market Size by Application (2020-2031) & (US$ Million)
Table 37. Europe Low Voltage Apparatus Growth Rate (CAGR) by Country (US$ Million): 2020 VS 2024 VS 2031
Table 38. Europe Market Size by Country (2020-2025) & (US$ Million)
Table 39. China Market Size by Type (2020-2031) & (US$ Million)
Table 40. China Market Size by Application (2020-2031) & (US$ Million)
Table 41. Asia Market Size by Type (2020-2031) & (US$ Million)
Table 42. Asia Market Size by Application (2020-2025) & (US$ Million)
Table 43. Asia Low Voltage Apparatus Growth Rate (CAGR) by Region (US$ Million): 2020 VS 2024 VS 2031
Table 44. Asia Market Size by Region (2020-2031) & (US$ Million)
Table 45. Middle East, Africa, and Latin America Market Size by Type (2020-2031) & (US$ Million)
Table 46. Middle East, Africa, and Latin America Market Size by Application (2020-2031) & (US$ Million)
Table 47. Middle East, Africa, and Latin America Low Voltage Apparatus Growth Rate (CAGR) by Country (US$ Million): 2020 VS 2024 VS 2031
Table 48. Middle East, Africa, and Latin America Market Size by Country (2020-2031) & (US$ Million)
Table 49. Schneider Electric Company Details
Table 50. Schneider Electric Business Overview
Table 51. Schneider Electric Low Voltage Apparatus Product
Table 52. Schneider Electric Revenue (2020-2025) & (US$ Million)
Table 53. Schneider Electric Recent Development
Table 54. Siemens Company Details
Table 55. Siemens Business Overview
Table 56. Siemens Low Voltage Apparatus Product
Table 57. Siemens Revenue (2020-2025) & (US$ Million)
Table 58. Siemens Recent Development
Table 59. ABB Company Details
Table 60. ABB Business Overview
Table 61. ABB Low Voltage Apparatus Product
Table 62. ABB Revenue (2020-2025) & (US$ Million)
Table 63. ABB Recent Development
Table 64. Mitsubishi Electric Company Details
Table 65. Mitsubishi Electric Business Overview
Table 66. Mitsubishi Electric Low Voltage Apparatus Product
Table 67. Mitsubishi Electric Revenue (2020-2025) & (US$ Million)
Table 68. Mitsubishi Electric Recent Development
Table 69. Eaton Company Details
Table 70. Eaton Business Overview
Table 71. Eaton Low Voltage Apparatus Product
Table 72. Eaton Revenue (2020-2025) & (US$ Million)
Table 73. Eaton Recent Development
Table 74. Chint Electrics Company Details
Table 75. Chint Electrics Business Overview
Table 76. Chint Electrics Low Voltage Apparatus Product
Table 77. Chint Electrics Revenue (2020-2025) & (US$ Million)
Table 78. Chint Electrics Recent Development
Table 79. Legrand Company Details
Table 80. Legrand Business Overview
Table 81. Legrand Low Voltage Apparatus Product
Table 82. Legrand Revenue (2020-2025) & (US$ Million)
Table 83. Legrand Recent Development
Table 84. Fuji Electric Company Details
Table 85. Fuji Electric Business Overview
Table 86. Fuji Electric Low Voltage Apparatus Product
Table 87. Fuji Electric Revenue (2020-2025) & (US$ Million)
Table 88. Fuji Electric Recent Development
Table 89. Sensata Company Details
Table 90. Sensata Business Overview
Table 91. Sensata Low Voltage Apparatus Product
Table 92. Sensata Revenue (2020-2025) & (US$ Million)
Table 93. Sensata Recent Development
Table 94. Shanghai Liangxin Electrical Company Details
Table 95. Shanghai Liangxin Electrical Business Overview
Table 96. Shanghai Liangxin Electrical Low Voltage Apparatus Product
Table 97. Shanghai Liangxin Electrical Revenue (2020-2025) & (US$ Million)
Table 98. Shanghai Liangxin Electrical Recent Development
Table 99. Zhejiang Tengen Electric Company Details
Table 100. Zhejiang Tengen Electric Business Overview
Table 101. Zhejiang Tengen Electric Low Voltage Apparatus Product
Table 102. Zhejiang Tengen Electric Revenue (2020-2025) & (US$ Million)
Table 103. Zhejiang Tengen Electric Recent Development
Table 104. Changshu Switch Company Details
Table 105. Changshu Switch Business Overview
Table 106. Changshu Switch Low Voltage Apparatus Product
Table 107. Changshu Switch Revenue (2020-2025) & (US$ Million)
Table 108. Changshu Switch Recent Development
Table 109. Shanghai Renmin Electrical Apparatus Works Company Details
Table 110. Shanghai Renmin Electrical Apparatus Works Business Overview
Table 111. Shanghai Renmin Electrical Apparatus Works Low Voltage Apparatus Product
Table 112. Shanghai Renmin Electrical Apparatus Works Revenue (2020-2025) & (US$ Million)
Table 113. Shanghai Renmin Electrical Apparatus Works Recent Development
Table 114. Hongfa Technology Company Details
Table 115. Hongfa Technology Business Overview
Table 116. Hongfa Technology Low Voltage Apparatus Product
Table 117. Hongfa Technology Revenue (2020-2025) & (US$ Million)
Table 118. Hongfa Technology Recent Development
Table 119. Guizhou Taiyong-Changzheng Technology Company Details
Table 120. Guizhou Taiyong-Changzheng Technology Business Overview
Table 121. Guizhou Taiyong-Changzheng Technology Low Voltage Apparatus Product
Table 122. Guizhou Taiyong-Changzheng Technology Revenue (2020-2025) & (US$ Million)
Table 123. Guizhou Taiyong-Changzheng Technology Recent Development
Table 124. Research Programs/Design for This Report
Table 125. Key Data Information from Secondary Sources
Table 126. Key Data Information from Primary Sources
List of Figures
Figure 1. Global Low Voltage Apparatus Market Size Growth Rate by Type, 2020 VS 2024 VS 2031 (US$ Million)
Figure 2. Global Low Voltage Apparatus Market Share by Type: 2024 VS 2031
Figure 3. Distribution Apparatus Features
Figure 4. Terminal Apparatus Features
Figure 5. Control Appliance Features
Figure 6. Power Appliance Features
Figure 7. Global Low Voltage Apparatus Market Size Growth Rate by Application, 2020 VS 2024 VS 2031 (US$ Million)
Figure 8. Global Low Voltage Apparatus Market Share by Application: 2024 VS 2031
Figure 9. Electric Power Case Studies
Figure 10. Building Case Studies
Figure 11. Petrochemical Case Studies
Figure 12. Industrial Control Case Studies
Figure 13. Telecom Case Studies
Figure 14. Traffic Case Studies
Figure 15. Low Voltage Apparatus Report Years Considered
Figure 16. Global Low Voltage Apparatus Market Size (US$ Million), Year-over-Year: 2020-2031
Figure 17. Global Low Voltage Apparatus Market Size, (US$ Million), 2020 VS 2024 VS 2031
Figure 18. Global Low Voltage Apparatus Market Share by Region: 2024 VS 2031
Figure 19. Global Low Voltage Apparatus Market Share by Players in 2024
Figure 20. Global Top Low Voltage Apparatus Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Low Voltage Apparatus as of 2024)
Figure 21. The Top 10 and 5 Players Market Share by Low Voltage Apparatus Revenue in 2024
Figure 22. North America Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 23. North America Low Voltage Apparatus Market Share by Type (2020-2031)
Figure 24. North America Low Voltage Apparatus Market Share by Application (2020-2031)
Figure 25. North America Low Voltage Apparatus Market Share by Country (2020-2031)
Figure 26. United States Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 27. Canada Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 28. Europe Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 29. Europe Low Voltage Apparatus Market Share by Type (2020-2031)
Figure 30. Europe Low Voltage Apparatus Market Share by Application (2020-2031)
Figure 31. Europe Low Voltage Apparatus Market Share by Country (2020-2031)
Figure 32. Germany Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 33. France Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 34. U.K. Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 35. Italy Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 36. Russia Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 37. Nordic Countries Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 38. China Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 39. China Low Voltage Apparatus Market Share by Type (2020-2031)
Figure 40. China Low Voltage Apparatus Market Share by Application (2020-2031)
Figure 41. Asia Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 42. Asia Low Voltage Apparatus Market Share by Type (2020-2031)
Figure 43. Asia Low Voltage Apparatus Market Share by Application (2020-2031)
Figure 44. Asia Low Voltage Apparatus Market Share by Region (2020-2031)
Figure 45. Japan Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 46. South Korea Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 47. China Taiwan Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 48. Southeast Asia Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 49. India Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 50. Australia Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 51. Middle East, Africa, and Latin America Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 52. Middle East, Africa, and Latin America Low Voltage Apparatus Market Share by Type (2020-2031)
Figure 53. Middle East, Africa, and Latin America Low Voltage Apparatus Market Share by Application (2020-2031)
Figure 54. Middle East, Africa, and Latin America Low Voltage Apparatus Market Share by Country (2020-2031)
Figure 55. Brazil Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 56. Mexico Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 57. Turkey Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 58. Saudi Arabia Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 59. Israel Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 60. GCC Countries Low Voltage Apparatus Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 61. Schneider Electric Revenue Growth Rate in Low Voltage Apparatus Business (2020-2025)
Figure 62. Siemens Revenue Growth Rate in Low Voltage Apparatus Business (2020-2025)
Figure 63. ABB Revenue Growth Rate in Low Voltage Apparatus Business (2020-2025)
Figure 64. Mitsubishi Electric Revenue Growth Rate in Low Voltage Apparatus Business (2020-2025)
Figure 65. Eaton Revenue Growth Rate in Low Voltage Apparatus Business (2020-2025)
Figure 66. Chint Electrics Revenue Growth Rate in Low Voltage Apparatus Business (2020-2025)
Figure 67. Legrand Revenue Growth Rate in Low Voltage Apparatus Business (2020-2025)
Figure 68. Fuji Electric Revenue Growth Rate in Low Voltage Apparatus Business (2020-2025)
Figure 69. Sensata Revenue Growth Rate in Low Voltage Apparatus Business (2020-2025)
Figure 70. Shanghai Liangxin Electrical Revenue Growth Rate in Low Voltage Apparatus Business (2020-2025)
Figure 71. Zhejiang Tengen Electric Revenue Growth Rate in Low Voltage Apparatus Business (2020-2025)
Figure 72. Changshu Switch Revenue Growth Rate in Low Voltage Apparatus Business (2020-2025)
Figure 73. Shanghai Renmin Electrical Apparatus Works Revenue Growth Rate in Low Voltage Apparatus Business (2020-2025)
Figure 74. Hongfa Technology Revenue Growth Rate in Low Voltage Apparatus Business (2020-2025)
Figure 75. Guizhou Taiyong-Changzheng Technology Revenue Growth Rate in Low Voltage Apparatus Business (2020-2025)
Figure 76. Bottom-up and Top-down Approaches for This Report
Figure 77. Data Triangulation
Figure 78. Key Executives Interviewed
Description
The global Low Voltage Apparatus market is projected to grow from US$ 100047 million in 2025 to US$ 175410 million by 2031, at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period.
Low voltage apparatus refers to electrical equipment or devices that operate at a voltage level considered safe for humans, typically below 50 volts for alternating current (AC) and below 120 volts for direct current (DC). These systems are widely used in residential, commercial, and industrial settings for various applications requiring lower power levels and reduced risk of electrical shock.
Key Growth Drivers
New Energy Revolution Driving Demand
The rapid expansion of photovoltaic, wind power, and energy storage installations is fueling demand for supporting low-voltage electrical equipment. The new energy sector is projected to account for 45-50% of leading companies' revenue by 2025, becoming the primary growth engine14. Global solar installations grew by over 60% in 2024, with China contributing more than 60% of global production capacity.
Intelligent Upgrade Requirements
Smart grid construction and industrial automation are accelerating the transition from traditional to intelligent low-voltage electrical products. Demand for technologically advanced products like smart circuit breakers and remote monitoring systems has increased significantly5. By 2027, China's intelligent power distribution solutions market is expected to exceed 20 billion yuan.
Global Infrastructure Investments
Urbanization in developing countries is creating strong demand for infrastructure construction in Southeast Asia, the Middle East, and other regions. China's low-voltage electrical equipment exports to Vietnam surged 37.9% year-on-year in Q1 2025. Developing countries facing electricity shortages are increasingly adopting photovoltaic solutions, with India having over 90 million people without electricity access.
Product Category Trends
Distribution equipment (nearly 50% market share) shows the best growth prospects, benefiting from new energy and infrastructure sectors
Control equipment maintains stable growth driven by industrial equipment upgrades
Terminal equipment faces short-term pressure due to real estate sector downturn
Technology Evolution and Product Innovation
Future low-voltage electrical technology development will focus on "Three Highs and One New Generation":
High Performance
Enhanced product reliability and safety standards, with new circuit breakers achieving more precise overcurrent protection and faster fault response.
High Integration
Modular designs become mainstream, such as integrated frame circuit breakers with isolation functions reducing installation space by over 50%.
High Intelligence
Widespread adoption of smart devices with built-in sensors and communication modules enables real-time monitoring, fault warning, and remote contro.
New Generation DC Technology
With expanding applications in data center HVDC power supply and EV charging, DC low-voltage equipment has become an R&D focus. Leading companies have launched full-series DC products.
Material and Process Innovations
Increased use of eco-friendly materials like cadmium-free contacts and bio-based plastics to meet EU environmental regulations
Digital factories and flexible manufacturing systems improve quality while reducing costs. For example, automation upgrades at Liangxin's Haiyan factory increased production efficiency by over 30%
Application Field Expansion and Transformation
While traditional construction and industrial sectors still account for over 50% of low-voltage equipment demand, growth momentum has shifted to emerging fields:
Data Centers and Digital Infrastructure
DC power distribution systems are expanding in data centers, creating demand for specialized DC circuit breakers and contactors
AI development has driven data center construction, with U.S. tech giants investing $218 billion in AI data centers in 2024, up 45% year-on-year
New Energy Vehicles and Charging Infrastructure
Rapid EV charger adoption requires dedicated power distribution protection equipment
Vehicle low-voltage systems are evolving toward higher voltages, driving related product upgrades.
In terms of production side, this report researches the Low Voltage Apparatus production, growth rate, market share by manufacturers and by region (region level and country level), from 2020 to 2025, and forecast to 2031.
In terms of consumption side, this report focuses on the sales of Low Voltage Apparatus by region (region level and country level), by company, by Type and by Application. from 2020 to 2025 and forecast to 2031.
This report presents an overview of global market for Low Voltage Apparatus, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue/sales data for 2020 - 2025, estimates for 2025, and projections of CAGR through 2031.
This report researches the key producers of Low Voltage Apparatus, also provides the consumption of main regions and countries. of the upcoming market potential for Low Voltage Apparatus, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Low Voltage Apparatus sales, revenue, market share and industry ranking of main manufacturers, data from 2020 to 2025. Identification of the major stakeholders in the global Low Voltage Apparatus market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2020 to 2031. Evaluation and forecast the market size for Low Voltage Apparatus sales, projected growth trends, production technology, application and end-user industry.
Descriptive company profiles of the major global players, including Schneider Electric, Siemens, ABB, Mitsubishi Electric, Eaton, Chint Electrics, Legrand, Fuji Electric, Sensata, Shanghai Liangxin Electrical, etc.
Market Segmentation
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type and by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Low Voltage Apparatus production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 3: Sales (consumption), revenue of Low Voltage Apparatus in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 4: Detailed analysis of Low Voltage Apparatus manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America (US & Canada) by Type, by Application and by country, sales, and revenue for each segment.
Chapter 8: Europe by Type, by Application and by country, sales, and revenue for each segment.
Chapter 9: China by Type, and by Application, sales, and revenue for each segment.
Chapter 10: Asia (excluding China) by Type, by Application and by region, sales, and revenue for each segment.
Chapter 11: Middle East, Africa, Latin America by Type, by Application and by country, sales, and revenue for each segment.
Chapter 12: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Low Voltage Apparatus sales, revenue, price, gross margin, and recent development, etc.
Chapter 13: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 14: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 15: The main points and conclusions of the report.
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The global Low Voltage Apparatus market size was US$ 92031 million in 2024 and is forecast to a readjusted size of US$ 175410 million by 2031 with a CAGR of 9.8% during the forecast period 2025-2031.
Published: 2025-07-05
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The global market for Low Voltage Apparatus was valued at US$ 92031 million in the year 2024 and is projected to reach a revised size of US$ 175410 million by 2031, growing at a CAGR of 9.8% during the forecast period.
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The global market for Low Voltage Apparatus was estimated to be worth US$ 92031 million in 2024 and is forecast to a readjusted size of US$ 175410 million by 2031 with a CAGR of 9.8% during the forecast period 2025-2031.
Published: 2025-07-05
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