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DC Residential Switchgear Market Share

Report ID: GMI12501
Published Date: Dec 2024
Report Format: PDF

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DC Residential Switchgear Market Share

Leading industry players like ABB and Siemens remain dominant in the market, capitalizing on their technological expertise, innovative product portfolios, and global presence. These companies offer state-of-the-art solutions, such as digital substations, which provide real-time monitoring, boost automation, and enable predictive maintenance—essential for ensuring grid stability and optimizing operational efficiency.

DC Residential Switchgear Market Companies

Major players operating in the DC residential 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 DC residential switchgear industry was valued at USD 2.7 billion in 2024 and is estimated to grow at a 9.5% CAGR from 2025 to 2034, driven by the increasing adoption of renewable energy systems, particularly solar power, in residential applications.

The indoor segment is anticipated to surpass USD 5.8 billion by 2034 due to the heightened demand for indoor DC switchgear to safely manage energy distribution within residential spaces, driven by the increasing adoption of rooftop solar installations.

The U.S. DC residential switchgear market is projected to surpass USD 900 million by 2034, fueled by the rapid adoption of renewable energy solutions, particularly rooftop solar panels, which increases the need for reliable DC residential switchgear to manage energy flow from solar panels to batteries and home appliances.

Key players in the 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, and Lucy Group.