Get a free sample of AC Industrial Switchgear Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of AC Industrial Switchgear Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
AC Industrial Switchgear Market Size
The global AC industrial switchgear market size was valued at USD 25.3 billion in 2023 and is estimated to grow at a CAGR 7% from 2024 to 2032, owing to the increasing industrialization, electrification, and demand for reliable power distribution systems. As industries expand, there is a heightened need for efficient switchgear solutions that can manage high loads, support operational safety, and minimize downtime.
AC switchgear is essential for ensuring stable electricity flow, protecting equipment, and improving overall efficiency within industrial setups. Additionally, the shift toward smart grids and automation in industrial facilities is fuelling demand for switchgear with advanced monitoring and control capabilities, including remote operation.
Increasing investments in infrastructure projects, particularly in emerging economies, are also contributing to market expansion. Moreover, energy transition efforts and stringent regulations for electrical safety standards are pushing industries to upgrade or replace outdated switchgear systems, adding to market growth. Manufacturers are focusing on innovation and sustainability, creating switchgear that supports energy-efficient and eco-friendly industrial operations.
What is the growth rate of the air insulation segment in the AC industrial switchgear industry?
The air insulation segment is projected to witness a 7.2% CAGR through 2032, owing to its environmental sustainability, cost-effectiveness, and safety advantages.
How big is the AC industrial switchgear market?
The market size of AC industrial switchgear reached USD 25.3 billion in 2023 and is estimated to grow at a 7% CAGR from 2024 to 2032, driven by increasing industrialization and electrification.
How much is the U.S. AC industrial switchgear market worth?
The U.S. market is anticipated to surpass USD 4.2 billion by 2032, led by the increasing demand for reliable power distribution systems and the modernization of industrial infrastructure.
Who are the major players in the AC industrial switchgear industry?
The key players in the industry include ABB, Bharat Heavy Electricals, CG Power and Industrial Solutions, E + I Engineering, Eaton, Fuji Electric, General Electric, HD Hyundai Electric, Hitachi, Hyosung Heavy Industries.