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AC Commercial Switchgear Market Share

Report ID: GMI12002
Published Date: Oct 2024
Report Format: PDF

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AC Commercial Switchgear Market Share

Companies like Siemens and General Electric hold a significant share in the AC commercial switchgear industry, due to their extensive experience, technological expertise, and strong global presence. These industry leaders offer advanced, reliable, and energy-efficient switchgear solutions, often integrated with digital monitoring and smart grid capabilities, meeting the evolving needs of commercial and industrial sectors. Their focus on research and development enables continuous innovation, such as eco-friendly and compact designs, which aligns with growing sustainability trends.

AC Commercial Switchgear Market Companies

Major players operating in the AC commercial switchgear industry are:

ABB
CG Power
Eaton
Efacec
General Electric
Hitachi Energy
L&T Electrical and Automation
Locamation
Open System International
Rockwell Automation
Schneider Electric
Siemens
Tesco Automation
Texas Instruments

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The global market for AC commercial switchgear was reached USD 14.8 billion in 2023 and is estimated to grow at a 7.3% CAGR from 2024 to 2032, driven by the global demand for efficient energy management systems in commercial buildings, data centers, and industrial complexes.

The low voltage segment is anticipated to surpass USD 14.7 billion by 2032, due to increasing demand for efficient power distribution systems in commercial buildings and facilities.

The air insulation segment is projected to witness more than 7.7% CAGR through 2032, owing to its cost-effectiveness, safety benefits, and environmental compatibility.

The U.S. AC commercial switchgear market is predicted to hit USD 2.3 billion by 2032, fueled by increased investment in infrastructure modernization, especially in commercial buildings, data centers, and healthcare facilities.

Major players operating in the AC commercial switchgear industry include ABB, CG Power, Eaton, Efacec, General Electric, Hitachi Energy, L&T Electrical and Automation, Locamation, Open System International, Rockwell Automation, Schneider Electric, Siemens, Tesco Automation, and Texas Instruments.