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Asia Pacific Medium Voltage Switchgear Market Share

Report ID: GMI7274
Published Date: Nov 2023
Report Format: PDF

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Asia Pacific Medium Voltage Switchgear Market Share

Siemens holds a major market share in the medium voltage switchgear sector due to its commitment to innovation, reliability, and a comprehensive product portfolio. With a strong presence in the Asia Pacific market and a reputation for cutting-edge technologies, Siemens caters to a wide range of customer needs. Its focus on energy efficiency, safety, and seamless integration with smart grid solutions has made it a preferred choice for businesses and utilities. Siemens' dedication to quality and customer-centric approach has solidified its position as a dominant player, allowing it to capture a significant share of the market.

The major contenders in the Asia Pacific medium voltage switchgear market include:

ABB
Siemens
General Electric
Mitsubishi Electric Corporation
Schneider Electric
Ormazabal
Bharat Heavy Electricals Limited
CG Power & Industrial Solutions Ltd.
CHINT Group
Eaton
HYOSUNG HEAVY INDUSTRIES
Lucy Group Ltd.
HD Hyundai Electric Co., Ltd.
Powell Industries
Toshiba Infrastructure Systems & Solutions Corporation

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

Asia Pacific market for medium voltage switchgear was surpassed USD 15.2 billion in 2022 and is projected to be worth more than USD 28 billion by 2032, owing to the expanding industrial and infrastructure sectors particularly in countries like China and India

Asia Pacific medium voltage switchgear market from the ? 21 kV to < 27 kV rated segment is set to expand at over 6.7% CAGR from 2023 to 2032, owing to the increasing demand for dependable and secure distribution networks across commercial, residential, industrial, and utility sectors.

China medium voltage switchgear market generated more than USD 5.4 billion in revenue in 2022 and is foreseen to be worth over USD 9 billion by 2032, attributed to the rapid urbanization and industrialization in the country.

Some of the major medium voltage switchgear companies in APAC are ABB, Siemens, General Electric, Mitsubishi Electric Corporation, Schneider Electric, Bharat Heavy Electricals Limited, CG Power & Industrial Solutions Ltd., Eaton, and HYOSUNG HEAVY INDUSTRIES