Low-voltage Switchgear

Low-voltage Switchgear Market Outlook

The global low-voltage switchgear market is anticipated to reach approximately USD 20 billion by 2035, growing at a compound annual growth rate (CAGR) of around 6.5% from 2025 to 2035. This robust growth is primarily driven by the increasing demand for safe and efficient electrical distribution systems across various sectors, including industrial, residential, and commercial applications. The rising urbanization and the need for modern grid infrastructure are also significant factors contributing to this growth. Additionally, the focus on renewable energy sources and smart grid technologies is pushing the adoption of low-voltage switchgear, thereby enhancing overall efficiency and reliability in power distribution networks. Furthermore, the increasing investments by governments and private entities in infrastructure development will further catalyze market expansion.

Growth Factor of the Market

Several key factors are propelling the growth of the low-voltage switchgear market. Firstly, the surge in renewable energy installations, such as solar and wind, necessitates the need for efficient switchgear to manage the flow of electricity effectively. Secondly, the expanding industrial sector, particularly in emerging economies, is demanding more sophisticated power distribution systems that can handle complex electrical loads. Thirdly, the global trend toward smart grid technologies is increasing the demand for advanced switchgear solutions that integrate digital monitoring and control capabilities, enhancing operational efficiency and reliability. Fourthly, the increasing frequency of power outages and the need for uninterrupted power supply have led to greater investments in low-voltage switchgear systems. Lastly, stringent government regulations aimed at improving energy efficiency are pushing industries to upgrade their electrical distribution systems, driving demand further.

Key Highlights of the Market

• The market is projected to grow at a CAGR of 6.5% from 2025 to 2035.
• Renewable energy installations are a significant factor driving market demand.
• Industrial and commercial sectors are the primary end-users of low-voltage switchgear.
• Smart grid technologies are influencing the adoption of advanced switchgear solutions.
• Government regulations aimed at energy efficiency are boosting investments in electrical distribution systems.

By Product Type

Air Insulated Switchgear:

Air insulated switchgear (AIS) is one of the most widely used types of low-voltage switchgear, known for its simplicity and reliability. AIS systems utilize air as an insulating medium, making them cost-effective and easy to maintain. They are typically employed in various applications, including industrial plants and utility substations. The market for AIS is expanding due to its adaptability to different environmental conditions and the increasing demand for compact and efficient electrical distribution systems. Furthermore, the technological advancements in AIS, such as improved designs for enhanced reliability and reduced footprint, are further driving its adoption in the market.

Gas Insulated Switchgear:

Gas insulated switchgear (GIS) is gaining popularity due to its compact design and ability to operate in harsh environmental conditions. By using insulating gas like SF6 (sulfur hexafluoride), GIS is highly effective in managing electrical loads within limited spaces, making it ideal for urban areas where real estate is premium. The market for GIS is driven by the increasing need for high reliability in power distribution and the growing focus on sustainable energy solutions. Furthermore, GIS technology offers longer life cycles and lower maintenance requirements compared to traditional AIS, making it an attractive option for utilities and large industrial users.

Hybrid Switchgear:

Hybrid switchgear combines the advantages of gas insulated switchgear and air insulated switchgear, providing a versatile solution for electrical distribution. This type incorporates various electrical components into a single unit, significantly reducing footprint and installation costs. The hybrid switchgear market is expanding as industries seek more innovative solutions to streamline their power distribution systems. These systems are particularly beneficial for applications in renewable energy, where space and efficiency are paramount. As technology advances, the integration of digital monitoring features into hybrid switchgear is further enhancing its appeal, making it a critical player in the low-voltage switchgear market.

Metal Enclosed Switchgear:

Metal enclosed switchgear (MES) provides a robust and safe solution for electrical distribution, as it features a fully enclosed design that protects internal components from environmental factors. This type of switchgear is particularly popular in commercial and industrial applications due to its enhanced safety features and ease of installation. The demand for MES is increasing as industries focus on improving safety standards and operational efficiency. Additionally, advancements in materials and design are enabling manufacturers to create more compact and lightweight metal enclosed switchgear, further fueling market growth and attracting new customers.

Others:

The "Others" category includes various specialized switchgear types designed for specific applications or environments. These can encompass modular switchgear systems, plug-in switchgear, and other emerging technologies tailored to meet unique customer requirements. The growth in this segment is driven by the increasing customization needs of end-users, especially in niche markets where standard solutions may not suffice. Innovative designs and integration with modern technologies are enabling this segment to carve out a significant share of the overall low-voltage switchgear market, reflecting the ongoing trends toward specialization and adaptability in electrical distribution systems.

By Application

Industrial:

The industrial application segment represents a substantial portion of the low-voltage switchgear market due to the sheer scale and energy demands of industrial operations. Industries often require robust switchgear solutions to manage electrical loads effectively and ensure operational continuity. The increasing automation within manufacturing processes is also necessitating sophisticated switchgear systems capable of integrating seamlessly with various machinery and equipment. Additionally, the focus on energy efficiency and sustainability is driving industries to invest in advanced low-voltage switchgear technologies that not only enhance operational performance but also contribute to reducing their carbon footprint.

Commercial:

In the commercial sector, low-voltage switchgear is essential for managing electrical distribution within office buildings, shopping centers, and other commercial establishments. The growing trend toward energy-efficient buildings and smart infrastructure is significantly influencing the demand for advanced switchgear solutions. Commercial end-users are increasingly adopting digital technologies that allow for real-time monitoring and management of electrical systems, which, in turn, necessitates the integration of sophisticated switchgear. The need to ensure safety and compliance with building codes is also a critical factor driving the growth of low-voltage switchgear in the commercial application segment.

Residential:

The residential application segment is seeing a growing demand for low-voltage switchgear driven by the increasing adoption of smart home technologies and the rise in residential construction activities. Homeowners are increasingly looking for efficient electrical systems capable of managing energy consumption effectively. Low-voltage switchgear plays a critical role in modern homes, allowing for enhanced control over electrical loads and improved safety features. Additionally, with the growing emphasis on renewable energy sources such as solar power, there is a rising need for switchgear that can seamlessly integrate these technologies into residential electrical systems.

Utilities:

Utilities are major end-users of low-voltage switchgear as they require reliable electrical distribution systems to manage power flow effectively. The increasing demand for electricity, coupled with aging infrastructure, is driving utilities to modernize their switchgear solutions. The market is also being influenced by the trend toward smart grid technologies, which necessitate the deployment of advanced low-voltage switchgear for better monitoring and control of electricity distribution. The growing investments in utility infrastructure across the globe are expected to bolster the demand for low-voltage switchgear in this segment, ensuring the stability and reliability of power supply.

Others:

The "Others" segment encompasses a range of applications for low-voltage switchgear, including sectors like transportation, IT, and agriculture. Each of these sectors demands specific switchgear solutions tailored to their unique operational needs. For instance, in transportation, low-voltage switchgear may be used for managing power systems in railways or airports. As various industries continue to seek specialized solutions for their electrical distribution requirements, this segment is expected to grow steadily. The increasing complexity of electrical systems in diverse applications will drive innovation and development within the low-voltage switchgear market.

By Voltage

Less than 1kV:

The segment of low-voltage switchgear operating at less than 1kV is crucial for various applications, especially in residential and light commercial buildings. This voltage range is often utilized in household appliances, lighting systems, and small machinery where safety and efficiency are paramount. The increasing focus on energy efficiency in residential and commercial sectors is propelling the demand for switchgear solutions that operate effectively within this voltage range. Moreover, advancements in technology are enabling manufacturers to produce more compact and efficient low-voltage switchgear, making it a preferred choice for various applications, thereby contributing to market growth.

1kV-5kV:

Low-voltage switchgear operating in the 1kV-5kV range is widely employed in industrial applications and commercial buildings. This voltage range provides sufficient power for medium-sized electrical loads while ensuring safety and operational efficiency. The increasing industrialization across various regions is driving the demand for switchgear solutions within this voltage category, as industries seek to enhance their power distribution systems. Furthermore, the integration of digital technologies for monitoring and control is spurring innovation in this segment, leading to the development of more sophisticated switchgear solutions that cater to the evolving needs of end-users.

6kV-15kV:

The 6kV-15kV voltage segment of low-voltage switchgear is gaining traction, particularly in utility and heavy industrial applications. Switchgear operating in this range is essential for managing larger electrical loads and is often used in substations and large manufacturing plants. As industries and utilities continue to grow and evolve, the demand for reliable and efficient switchgear solutions in this voltage category is expected to rise. The growing trend toward renewable energy installations also contributes to the demand for 6kV-15kV switchgear, as these systems are often integrated into the grid to manage higher power flows effectively.

Others:

The "Others" category in the voltage segment includes any low-voltage switchgear solutions that do not fall into the specified ranges. This segment often captures specialized applications that require unique voltage specifications. As technology advances and the demand for customized solutions increases, the "Others" segment is expected to witness growth. Manufacturers are continually innovating to develop switchgear solutions that meet the specific requirements of niche applications, thereby enhancing the overall versatility of low-voltage switchgear products available in the market.

By End User

Manufacturing:

The manufacturing industry is one of the significant end-users of low-voltage switchgear, as it requires reliable and efficient power distribution systems to support its operations. Manufacturing facilities often deal with large machinery and complex electrical loads, necessitating advanced switchgear solutions that can manage these demands effectively. The ongoing trend toward automation and the adoption of smart manufacturing technologies are driving the need for sophisticated low-voltage switchgear that integrates digital monitoring and control capabilities. As manufacturers increasingly focus on energy efficiency and sustainability, the demand for reliable switchgear systems is anticipated to grow.

Oil & Gas:

The oil and gas industry relies heavily on low-voltage switchgear to ensure the safe and efficient operation of its production and distribution systems. Given the critical nature of this sector, it requires switchgear solutions that can withstand harsh environmental conditions while providing high reliability. The market for low-voltage switchgear in this sector is driven by the increasing investments in oil and gas exploration and production activities, particularly in emerging markets. Additionally, as the industry shifts towards more sustainable practices, there is growing demand for switchgear solutions that can integrate with renewable energy sources and improve operational efficiency.

Utilities:

Utilities play a crucial role in the low-voltage switchgear market, as they require robust electrical distribution systems to ensure the reliability of power supply. The increasing demand for electricity, coupled with aging infrastructure, is prompting utilities to modernize their switchgear solutions. The shift toward smart grid technologies is also influencing utilities to adopt advanced low-voltage switchgear that can provide real-time monitoring and control of electricity distribution. Furthermore, the growing investments in utility infrastructure across various regions are expected to bolster the demand for low-voltage switchgear, ensuring the stability and reliability of power supply.

Commercial:

The commercial sector is another significant end-user of low-voltage switchgear, encompassing office buildings, shopping centers, and other commercial establishments. The increasing focus on energy-efficient buildings and smart infrastructure is significantly influencing the demand for advanced switchgear solutions. Commercial end-users are increasingly adopting digital technologies that allow for real-time monitoring and management of electrical systems, which necessitates the integration of sophisticated switchgear. The need to ensure safety and compliance with building codes is also a critical factor driving the growth of low-voltage switchgear in the commercial sector.

Others:

The "Others" category in the end-user segment includes various applications for low-voltage switchgear in sectors such as transportation, IT, and agriculture. Each of these sectors demands specific switchgear solutions tailored to their unique operational needs. For instance, in transportation, low-voltage switchgear may be used for managing power systems in railways or airports. As various industries continue to seek specialized solutions for their electrical distribution requirements, this segment is expected to grow steadily. The increasing complexity of electrical systems in diverse applications will drive innovation and development within the low-voltage switchgear market.

By Region

The regional analysis of the low-voltage switchgear market reveals significant trends and variations in market dynamics. In North America, the market is projected to be valued at around USD 6 billion by 2035, driven by the increasing investments in infrastructure and the modernization of power distribution systems. The region is witnessing a shift towards smart grid technologies and renewable energy sources, which is boosting the demand for advanced low-voltage switchgear solutions. Additionally, Europe is expected to reach a market size of approximately USD 5 billion by the same year, propelled by stringent energy efficiency regulations and the growing adoption of renewable energy technologies. The European market is characterized by high competition and a focus on innovation, with manufacturers constantly developing advanced switchgear solutions.

In the Asia Pacific region, the low-voltage switchgear market is anticipated to grow significantly, with a projected market size of around USD 7 billion by 2035, reflecting a CAGR of approximately 8% during the forecast period. The rapid industrialization and urbanization in countries like China and India are significant contributors to this growth. There is also a notable increase in electricity demand in emerging economies, driving investments in power distribution infrastructure. Meanwhile, Latin America and the Middle East & Africa are expected to contribute approximately USD 1 billion and USD 1.5 billion, respectively, to the overall market by 2035. The growth in these regions is primarily associated with ongoing infrastructure development projects and the increasing need for reliable power distribution systems.

Opportunities

The low-voltage switchgear market presents several opportunities that stakeholders can capitalize on to enhance their market presence and revenue. One notable opportunity lies in the growing trend of urbanization, particularly in developing countries where the demand for reliable electrical distribution systems is skyrocketing. As urban centers expand, the need for modern infrastructure, including low-voltage switchgear, will become increasingly critical. Additionally, the shift towards renewable energy sources, such as solar and wind, offers a significant opportunity for switchgear manufacturers. The integration of these renewable sources into the existing grid infrastructure necessitates advanced switchgear solutions that can manage variable power flows effectively, opening new avenues for growth and innovation in the market.

Moreover, advancements in digital technologies, such as IoT and artificial intelligence, are creating opportunities for manufacturers to develop smart low-voltage switchgear solutions. These solutions offer enhanced monitoring and control capabilities, allowing end-users to optimize their energy consumption and improve operational efficiency. The rising demand for energy-efficient and sustainable solutions is also prompting stakeholders to invest in research and development to create innovative switchgear products. Furthermore, partnerships and collaborations with technology providers can enable companies to enhance their product offerings and stay competitive in this rapidly evolving market landscape, thus driving overall growth and profitability.

Threats

Despite the promising outlook for the low-voltage switchgear market, several threats and challenges could hinder its growth trajectory. One of the primary threats is the increasing competition among manufacturers, which can lead to price wars and reduced profit margins. As more players enter the market, particularly from emerging economies, established companies may find it challenging to maintain their market share. Additionally, the rapid pace of technological advancements may render some existing products obsolete, necessitating continuous investment in research and development to keep up with market demands. Furthermore, fluctuations in raw material prices, particularly metals used in switchgear manufacturing, can impact production costs and profit margins, leading to financial strain on manufacturers.

Moreover, regulatory challenges and compliance with stringent environmental standards can pose significant hurdles for low-voltage switchgear manufacturers. As governments worldwide implement stricter regulations aimed at reducing carbon emissions, companies may need to invest heavily in developing eco-friendly switchgear solutions. Lastly, the ongoing global economic uncertainty, exacerbated by geopolitical tensions and the COVID-19 pandemic, may impact investment decisions and slow down infrastructure projects, subsequently affecting the demand for low-voltage switchgear in various sectors.

Competitor Outlook

• Schneider Electric
• Siemens AG
• GE Grid Solutions
• ABB Ltd.
• Eaton Corporation
• Hitachi Energy
• Rockwell Automation
• Legrand S.A.
• Mitsubishi Electric Corporation
• Honeywell International Inc.
• Rittal GmbH & Co. KG
• Fuji Electric Co., Ltd.
• Andritz AG
• CHINT Group
• LSIS Co., Ltd.

The competitive landscape of the low-voltage switchgear market is characterized by a mix of established multinational corporations and emerging players. These companies are continuously innovating to develop advanced switchgear solutions that meet the evolving needs of their customers. Major players like Schneider Electric and Siemens AG have a significant presence in the market, leveraging their extensive distribution networks and strong research and development capabilities to maintain a competitive edge. Their focus on sustainability and digitalization is driving the development of smarter switchgear solutions that cater to the modern demands of energy management and efficiency. Additionally, strategic partnerships and collaborations among these companies enhance their product offerings and market reach, further intensifying competition.

ABB Ltd. and Eaton Corporation are also key players in the low-voltage switchgear market, known for their comprehensive portfolios of electrical solutions. ABB has been at the forefront of integrating digital technologies into their switchgear products, allowing for enhanced monitoring and control capabilities. Similarly, Eaton emphasizes energy-efficient solutions and innovative designs that cater to various applications and industries. Both companies are actively involved in expanding their presence in emerging markets, where demand for low-voltage switchgear is surging due to rapid industrialization and urbanization.

Emerging players like CHINT Group and LSIS Co., Ltd. are gaining traction in the low-voltage switchgear market, particularly in Asia Pacific. These companies leverage competitive pricing and localized manufacturing capabilities to attract customers in developing regions. As the market becomes increasingly competitive, these emerging players will need to focus on innovation and quality to differentiate themselves. Overall, the low-voltage switchgear market is witnessing dynamic changes driven by technological advancements, evolving customer demands, and intense competition among key players, presenting both challenges and opportunities for stakeholders.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 ritz AG
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 ABB Ltd.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Siemens AG
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 CHINT Group
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Legrand S.A.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Hitachi Energy
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 LSIS Co., Ltd.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Eaton Corporation
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 GE Grid Solutions
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Schneider Electric
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Rockwell Automation
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Rittal GmbH & Co. KG
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Fuji Electric Co., Ltd.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Honeywell International Inc.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Mitsubishi Electric Corporation
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Low-voltage Switchgear Market, By Voltage
    • 6.1.1 Less than 1kV
    • 6.1.2 1kV-5kV
    • 6.1.3 6kV-15kV
    • 6.1.4 Others
  • 6.2 Low-voltage Switchgear Market, By End User
    • 6.2.1 Manufacturing
    • 6.2.2 Oil & Gas
    • 6.2.3 Utilities
    • 6.2.4 Commercial
    • 6.2.5 Others
  • 6.3 Low-voltage Switchgear Market, By Application
    • 6.3.1 Industrial
    • 6.3.2 Commercial
    • 6.3.3 Residential
    • 6.3.4 Utilities
    • 6.3.5 Others
  • 6.4 Low-voltage Switchgear Market, By Product Type
    • 6.4.1 Air Insulated Switchgear
    • 6.4.2 Gas Insulated Switchgear
    • 6.4.3 Hybrid Switchgear
    • 6.4.4 Metal Enclosed Switchgear
    • 6.4.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Low-voltage Switchgear Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Low-voltage Switchgear market is categorized based on

By Product Type

• Air Insulated Switchgear
• Gas Insulated Switchgear
• Hybrid Switchgear
• Metal Enclosed Switchgear
• Others

By Application

• Industrial
• Commercial
• Residential
• Utilities
• Others

By Voltage

• Less than 1kV
• 1kV-5kV
• 6kV-15kV
• Others

By End User

• Manufacturing
• Oil & Gas
• Utilities
• Commercial
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Schneider Electric
• Siemens AG
• GE Grid Solutions
• ABB Ltd.
• Eaton Corporation
• Hitachi Energy
• Rockwell Automation
• Legrand S.A.
• Mitsubishi Electric Corporation
• Honeywell International Inc.
• Rittal GmbH & Co. KG
• Fuji Electric Co., Ltd.
• ritz AG
• CHINT Group
• LSIS Co., Ltd.