Home > Energy & Power > Electrical Equipment > Switchgears > Commercial Switchgear Market

Commercial Switchgear Market Share

Report ID: GMI10651
Published Date: Nov 2024
Report Format: PDF

Download Free Sample

Commercial Switchgear Market Share

Companies such as ABB and Siemens hold a substantial market share in the commercial switchgear sector, attributed to their expertise, advanced technology offerings, and extensive global reach. These industry leaders deliver innovative solutions, including digital substations that provide real-time monitoring, improved automation, and predictive maintenance—key for ensuring modern grid stability and operational efficiency. Furthermore, their robust R&D capabilities enable them to continuously introduce state-of-the-art technologies that support renewable energy integration and smart grid initiatives.

Commercial Switchgear Market Companies

Major players operating in the commercial switchgear 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 commercial switchgear was reached USD 18.7 billion in 2024 and is estimated to grow at a 6.3% CAGR from 2025 to 2034, driven by rising urbanization and increased demand for reliable power distribution.

The low voltage segment is projected to exceed USD 20 billion by 2034, due to the rising demand for efficient power distribution solutions in urban and industrial environments.

The AC segment is expected to achieve a CAGR of over 6.3% through 2034, fueled by expanding demand for reliable power distribution systems across commercial sectors.

The U.S. commercial switchgear market is estimated to surpass USD 3 billion by 2034, driven by increasing investment in infrastructure modernization and a growing emphasis on energy-efficient solutions.

Key players in the commercial switchgear industry 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.