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DC Commercial Switchgear Market Share

Report ID: GMI12074
Published Date: Oct 2024
Report Format: PDF

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DC Commercial Switchgear Market Share

ABB and Siemens command a substantial share of the DC commercial switchgear industry thanks to their extensive expertise, diverse product offerings, and global reach. Both companies deliver advanced, high-quality DC switchgear solutions that cater to the growing demands of renewable energy, electric vehicle (EV) infrastructure, and data centers. Their commitment to research and development drives ongoing innovation, enabling them to offer smart, modular, and energy-efficient systems that adhere to rigorous safety and environmental standards.

DC Commercial Switchgear Market Companies

Major players operating in the DC 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 DC commercial switchgear was reached USD 2.6 billion in 2023 and is estimated to grow at a 6.2% CAGR from 2024 to 2032, driven by rising demand for DC-based applications in data centers, renewable energy integration, and EV charging infrastructure.

The low voltage segment is anticipated to surpass USD 2.2 billion by 2032, largely due to the growing adoption of renewable energy sources, the expansion of EV infrastructure, and the increasing need for energy-efficient systems in commercial applications.

The air-insulated segment is projected to achieve a CAGR of over 6.4% through 2032, propelled by its cost-effectiveness, safety, and low environmental impact.

The U.S. DC commercial switchgear market is predicted to hit USD 394 million by 2032, led by the expansion of renewable energy projects, EV infrastructure, and data centers.

Major players in the DC 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.