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DC Industrial Switchgear Market Share

Report ID: GMI12104
Published Date: Nov 2024
Report Format: PDF

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DC Industrial Switchgear Market Share

The Asia Pacific region is key to the DC industrial switchgear industry, fueled by rapid industrialization, urban expansion, and major infrastructure investments. Countries such as China, India, Japan, and South Korea are enhancing industrial capacity in manufacturing, construction, and energy sectors, necessitating reliable power distribution solutions to support rising electrical demands and ensure operational efficiency.

DC Industrial Switchgear Market Companies

Major players operating in the DC industrial 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 industrial switchgear was reached USD 3.7 billion in 2023 and is estimated to grow at a CAGR of 8.2% from 2024 to 2032, driven by rising demand in sectors like data centers, railways, renewable energy, and electric vehicle (EV) infrastructure.

The low voltage segment is anticipated to surpass USD 3.8 billion by 2032, due to increased adoption in renewable energy, EV charging infrastructure, and data centers, where high efficiency, safety, and cost-effectiveness are crucial.

The air insulation segment is projected to witness a CAGR of more than 7.8% through 2032, owing to its cost-effectiveness, reliability, and ease of installation and maintenance.

The U.S. DC industrial switchgear market is projected to surpass USD 710.3 million by 2032, driven by the increasing demand for reliable and efficient energy management solutions across industries such as data centers, EV infrastructure, and renewable energy.

Key players in the DC industrial switchgear market 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.