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Air Insulated Medium Voltage Switchgear Market Share

Report ID: GMI7108
Published Date: Nov 2024
Report Format: PDF

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Air Insulated Medium Voltage Switchgear Market Share

Companies like Hitachi, General Electric, and Siemens hold a major share of the market, bolstered by their advanced technological capabilities, wide range of product offerings, and strong global presence. These industry leaders invest heavily in research and development, driving innovations in smart and digital air insulated medium voltage switchgear systems that enhance grid efficiency and reliability.

Air Insulated Medium Voltage Switchgear Market Companies

Major players operating in the 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 medium voltage switchgear was reached USD 5.8 billion in 2024 and is estimated to grow at a 7.5% CAGR from 2025 to 2034, driven by increased demand for reliable power distribution in various sectors.

The ? 21 kV to < 27 kV segment is anticipated to surpass USD 2.8 billion by 2034, led by the increasing demand for reliable power supply in industrial facilities and urban infrastructure.

The U.S. air insulated medium voltage switchgear market is estimated to surpass USD 2 billion by 2034, propelled by significant investments in upgrading and modernizing aging electrical infrastructure.

Key industry players 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.