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DC Switchgear Market Share

Report ID: GMI5963
Published Date: Nov 2024
Report Format: PDF

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DC Switchgear Market Share

Global DC Switchgear Company Market Share Analysis, 2024

Companies such as Hitachi, ABB, and Siemens command a significant share of the DC switchgear industry, thanks to their cutting-edge technological capabilities, comprehensive product offerings, and strong global presence. These industry leaders make substantial investments in research and development, fostering innovations in smart and digital switchgear systems that boost grid efficiency and reliability.

DC Switchgear Market Companies

Major players operating in the DC 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 switchgear was reached USD 20 billion in 2024 and is set to grow at a CAGR of 8.3% from 2025 to 2034, driven by the rising adoption of electric vehicles (EVs) and investments in EV charging infrastructure.

The <750 V segment is projected to surpass USD 25.2 billion by 2034, due to the increasing deployment of renewable energy systems and the expansion of EV infrastructure.

The AC segment is expected to achieve a CAGR of over 7.7% through 2034, led by the widespread expansion of infrastructure and industrial projects requiring efficient energy management systems.

The U.S. DC switchgear market is projected to surpass USD 4.1 billion by 2034, fueled by increasing investments in renewable energy projects and the rapid development of EV infrastructure.

Key players in the DC 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.