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Air Insulated Industrial Switchgear Market Share

Report ID: GMI12519
Published Date: Dec 2024
Report Format: PDF

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Air Insulated Industrial Switchgear Market Share

Companies like Hitachi and General Electric are at the forefront of the air-insulated industrial switchgear market, leveraging their extensive industry expertise, cutting-edge technological solutions, and strong global reach. These market leaders offer advanced products, such as digital substations, which enable real-time monitoring, enhanced automation, and predictive maintenance—essential features that ensure grid stability and boost operational efficiency.

Air Insulated Industrial Switchgear Market Companies

Major players operating in the air insulated industrial switchgear industry are:

ABB
Bharat Heavy Electricals
CG Power and Industrial Solutions
E + I Engineering
Eaton
Fuji Electric
General Electric
HD Hyundai Electric
Hitachi
Hyosung Heavy Industries
Lucy Group
Mitsubishi Electric
Ormazabal
Schneider Electric
Siemens
Skema
Toshiba

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The global market for air insulated industrial switchgear was reached USD 2.2 billion in 2024 and is estimated to grow at a 7.2% CAGR from 2025 to 2034, driven by increasing investments in infrastructure and modernization of electrical grids.

The low voltage segment is anticipated to surpass USD 2.1 billion by 2034, driven by the growing demand for efficient power distribution in industrial and commercial applications.

The AC segment is projected to achieve a CAGR of over 7.2% through 2034, owing to the widespread use and benefits of AC power in industrial applications.

The U.S. air insulated industrial switchgear market is predicted to hit USD 391 million by 2034, led by the increasing emphasis on infrastructure modernization and the transition towards more reliable and efficient power distribution systems.

Major players in the air insulated industrial switchgear market 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, Lucy Group, Mitsubishi Electric, Ormazabal, Schneider Electric, Siemens, Skema, and Toshiba.