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DC Switchgear Market Share

Report ID: GMI5963
Published Date: Jun 2023
Report Format: PDF

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DC Switchgear Market Share

Leading industry players across the DC switchgear market include :

ABB
Siemens
Schneider Electric
Eaton Corporation
General Electric (GE)
Mitsubishi Electric,
Toshiba Corporation
Fuji Electric
Powell Industries
Larsen & Toubro (L&T)
Hyosung Corporation
Bharat Heavy Electricals Limited (BHEL)
Ormazabal
CG Powe
Industrial Solutions
Crompton Greaves.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of DC switchgear was worth over USD 18.5 billion in 2023 and is projected witness 8.8% CAGR from 2024 to 2032 due to the increasing adoption of distributed generation and smart grid networks.

The < 750 V voltage rated DC switchgear market share will observe gains at nearly 9% through 2032 owing to rising application in residential, commercial, and industrial sectors.

Demand for power generation-based DC switchgear market will exceed USD 13 billion by 2032 due to the increasing need for managing the generation, conversion, and distribution of DC power.

Asia Pacific market for DC switchgear size reached over 2 billion units in terms of annual installation in 2022 due to significant infrastructure development, including smart cities, industrial parks, and transportation networks.