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Asia Pacific Vacuum Insulated Switchgear Market Share

Report ID: GMI7204
Published Date: Oct 2023
Report Format: PDF

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Asia Pacific Vacuum Insulated Switchgear Market Share

In the Asia Pacific vacuum insulated switchgear industry, Siemens commands the largest market share, solidifying its position as the preeminent player. Siemens' dominance in the region is attributed to its well-established reputation for delivering top-quality electrical solutions and unwavering commitment to technological innovation. Their comprehensive portfolio of vacuum insulated switchgear offerings has gained widespread adoption in the utility and industrial sectors, thanks to their reliability, efficiency, and compliance with global standards. Siemens' local expertise, strong customer relationships, and robust after-sales support further contribute to their market leadership. As a global leader in electrical engineering and automation, Siemens continues to invest in research and development, ensuring its continued prominence in the market.

The major contenders in the Asia Pacific vacuum insulated switchgear market include:

Eaton
Zhejiang Volcano Electrical Technology Co.,Ltd
Shenheng Power Equipment Co., Ltd
DOHO Electric
Hitachi, Ltd.
Siemens
Bharat Heavy Electricals Limited
Mitsubishi Electric Power Products, Inc.
Rotary Switchgear & Testing Pte. Ltd
S&C Electric Company

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of vacuum insulated switchgear in APAC was worth USD 30 billion in 2022 and is anticipated to reach USD 57 billion by 2032.

The low voltage segment valuation crossed USD 18 billion in 2022 and is anticipated to record over 6.5% CAGR from 2023 to 2032, owing to the region's increasing emphasis on energy efficiency and sustainability.

China vacuum insulated switchgear market was valued at USD 10 billion in 2022 and is anticipated to surpass USD 17 billion by 2032, due to the country’s rapidly expanding power infrastructure, driven by urbanization, industrialization, and the increasing demand for electricity.

The market size of vacuum insulated switchgear in APAC was worth USD 32.9 billion in 2023 and is anticipated to reach USD 57.6 billion by 2032.