The role of the low voltage power distribution system in a building of any kind is to receive electrical power at one or several supply points and to deliver it to individual electrically operated devices. The importance of the power distribution system to the proper function of a building makes it highly critical, meaning the best system and its protection is vital. In the report, the information is only about the low voltage power distribution system used in Industrial Sites field, not including residential usage. And the price for one unit means all the components (including switchgear, circuit breakers, electricity meters, transformers and other components) for the whole system is provided by the same company.
According to the new market research report “Global Low Voltage Power Distribution Market Report 2023-2029”, published by QYResearch, the global Low Voltage Power Distribution market size is projected to reach USD 44.78 billion by 2029, at a CAGR of 8.3% during the forecast period.
Figure. Global Low Voltage Power Distribution Market Size (US$ Million), 2018-2029
Based on or includes research from QYResearch: Global Low Voltage Power Distribution Market Report 2023-2029.
Figure. Global Low Voltage Power Distribution Top 12 Players Ranking and Market Share（Based on data of 2021, Continually updated）
Based on or includes research from QYResearch: 2021 data information of Global Low Voltage Power Distribution Market Report 2023-2029.
The global key manufacturers of Low Voltage Power Distribution include Schneider Electric, Siemens, Eaton, ABB, Mitsubishi Electric, Fuji Electric, Chint Group, Toshiba, Hager, Xin Long, etc. In 2020, the global top five players had a share approximately 53.0% in terms of revenue.
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