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Air Insulated Switchgear Market Share

Report ID: GMI5437
Published Date: Nov 2024
Report Format: PDF

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Air Insulated Switchgear Market Share

ABB holds the largest market share in the air insulated switchgear industry owing to its strong global presence, diverse product portfolio, and focus on innovation. The company offers a range of reliable and efficient switchgear solutions that cater to various applications, including industrial, utility, and commercial sectors. ABB's emphasis on sustainable energy solutions and technological advancements further strengthens its competitive position in the market.

Air Insulated Switchgear Market Companies

Major players operating in the air insulated switchgear industry are:

ABB
Alfanar Group
Beijing Sojo Electric Company
Chint Group
Eaton
General Electric
Hitachi Energy
Lucy Group
Mitsubishi Heavy Industries
RITTER Starkstromtechnik
S&C Electric Company
Schneider Electric
Shanghai Delixi Group
Siemens
Toshiba Corporation

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The global market for air insulated switchgear was reached USD 9.1 billion in 2023 and is estimated to grow at a CAGR of over 8.1% from 2024 to 2032, due to the increasing demand for reliable and safe power distribution across various sectors.

The medium voltage insulated switchgear market is projected to exceed USD 10 billion by 2032, driven by the need for dependable power distribution systems and the trend toward smart grids and digital solutions.

The commercial and industrial application segment is projected to grow at a CAGR of over 8% by 2032, driven by increasing focus on renewable energy projects and smart grid initiatives.

The U.S. air insulated switchgear market is projected to exceed USD 2.5 billion by 2032, propelled by investments in infrastructure modernization and the transition to renewable energy sources.

Major key players include ABB, Alfanar Group, Beijing Sojo Electric Company, Chint Group, Eaton, General Electric, Hitachi Energy, Lucy Group, Mitsubishi Heavy Industries, RITTER Starkstromtechnik, S&C Electric Company, Schneider Electric, Shanghai Delixi Group, Siemens, and Toshiba Corporation.