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Air Insulated Power Distribution Component Market Share

Report ID: GMI8954
Published Date: Apr 2024
Report Format: PDF

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Air Insulated Power Distribution Component Market Share

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Major players in market include prominent manufacturers of power distribution equipment such as ABB, Siemens, Schneider Electric, Eaton Corporation, and General Electric, among others. Their market dominance could stem from factors such as brand reputation, technological advancements, reliability, and customer satisfaction, positioning them as preferred suppliers in the industry.

Air Insulated Power Distribution Component Companies

Some of the key market players operating across the air insulated power distribution component industry are:

ABB
ALSTOM SA
CG Power & Industrial Solutions Ltd.
Eaton
GE Grid Solutions
G&W Electric
Hitachi Energy
Lucy Group Ltd.
L&T Electrical & Automation
Meiden Europe GmbH
Ormazabal
Powell Industries
Schneider Electric
Siemens
Toshiba Energy Systems & Solutions Corporation

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

Air insulated power distribution component market size was USD 17.6 billion in 2023 and is expected to register 7.7% CAGR from 2024-2032 owing to the lack of effective electric infrastructure across developing economies worldwide.

Air insulated power distribution component industry from the switchgear segment is expected to record over USD 14 billion by 2032 due to its pivotal role in controlling, protecting, and isolating electrical circuits in power distribution networks.

Asia Pacific air insulated power distribution component industry is expected to exceed USD 15 billion by 2032 due to rapid industrialization, urbanization, and infrastructural developments across emerging economies in the region.

Hitachi Energy, Lucy Group Ltd., L&T Electrical & Automation, Meiden Europe GmbH, Ormazabal, Powell Industries, Schneider Electric, Siemens, and Toshiba Energy Systems & Solutions Corporation, are some of the major air insulated power distribution component companies worldwide.