MRO Components, Consumables & Tooling · Indirect
Monitoring · monthly
Procurement Category Intelligence

Switchgear - Low Voltage

Overview
Market size
$17.0B
global, USD
CAGR
5.5%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
6
tracked players
Signals
12
monitored

Market outlook

2031$22.2B

What changed

Demand by region

Asia Pacific demand41%
Europe demand24%
North America demand22%
Middle East and Africa demand8%
Rest of world demand5%
share of global demandtotal 100%

Cost drivers

Raw Materials (Copper, Silver, Steel, Engineered Plastics)45%
Manufacturing and Assembly Labor20%
Factory Overhead and Energy12%
Engineering, R&D, and Quality Testing15%
Logistics and Packaging8%
share of delivered cost (analyst estimate)

Supplier watchlist

6 tracked

Related categories

Industrial Bearings - BallIndustrial Bearings - RollerIndustrial Bearings - ThrustIndustrial Bearings - SphericalIndustrial Bearings - TaperedV-Belts and Wedge BeltsTiming Belts - IndustrialSynchronous Belts - HTD