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DC Vacuum Insulated Switchgear Market Share

Report ID: GMI8589
Published Date: Dec 2024
Report Format: PDF

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DC Vacuum Insulated Switchgear Market Share

DC Vacuum Insulated Switchgear Switchgear Market Share Analysis, 2024

Prominent companies such as ABB and Siemens continue to dominate the DC air-insulated switchgear industry by capitalizing on their technological expertise, comprehensive product offerings, and extensive global reach. They deliver innovative solutions like digital substations, which enable real-time monitoring, improve automation, and support predictive maintenance, ensuring grid stability and optimized performance.

DC Vacuum Insulated Switchgear Market Companies

Major players operating in the DC vacuum insulated switchgear industry are:

ABB
Bharat Heavy Electricals
CG Power and Industrial Solutions
E + I Engineering
Eaton
Fuji Electric
General Electric
HD Hyundai Electric
Hitachi
Lucy Group
Mitsubishi Electric
Ormazabal
Schneider Electric
Siemens
Skema
Toshiba

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The global market for DC vacuum insulated switchgear was reached USD 11.1 billion in 2024 and is projected to grow at a 7.6% CAGR from 2025 to 2034, driven by rising investments in renewable energy integration and electrified transportation.

The low voltage segment is expected to surpass USD 13.2 billion by 2034, due to its compact design, cost-effectiveness, and increasing adoption in renewable energy systems, EV charging networks, and industrial automation.

The utility segment is anticipated to grow at a CAGR of over 7.3% through 2034, supported by its critical role in grid modernization, renewable energy integration, and HVDC transmission system expansion.

The U.S. DC vacuum insulated switchgear market is projected to exceed USD 2.3 billion by 2034, led by increasing demand for reliable and compact electrical infrastructure to support urbanization, renewable energy integration, and grid modernization.

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, Lucy Group, Mitsubishi Electric, Ormazabal, Schneider Electric, Siemens, Skema, and Toshiba.