Global Low Voltage Switchgear (LVSG) Industry Report 2023-2028: Advancements of Electricity Infrastructure, Installation of Heat Pumps and Retrofit of Energy-efficient Equipment Bolsters Growth
DUBLIN, March 14, 2024 /PRNewswire/ -- The "Global Low Voltage Switchgear (LVSG) Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
- DUBLIN, March 14, 2024 /PRNewswire/ -- The "Global Low Voltage Switchgear (LVSG) Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
- In 2022, the global LVSG market registered a slim growth rate of 0.8% due to post-pandemic effects on the economy, such as material shortages, cost inflation, and logistics issues.
- In 2022, the Asia-Pacific (APAC) LVSG market accounted for 36.7% of the global market revenue.
- The report has also identified four major growth opportunity areas, which are data centers, electrification, residential heat pumps, and building construction.