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Europe HV Gas Insulated Switchgear Market Share

Report ID: GMI7375
Published Date: Dec 2024
Report Format: PDF

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Europe HV Gas Insulated Switchgear Market Share

Europe HV Gas Insulated Switchgear Company Market Share Analysis, 2024

Leading companies such as ABB and Siemens maintain their dominance in the Europe HV gas insulated switchgear industry by leveraging their technological expertise, diverse product portfolios, and extensive global reach. They provide innovative solutions like digital substations that enable real-time monitoring, enhance automation, and support predictive maintenance—key factors in ensuring grid stability and maximizing performance. Through continuous investment in research and development, these industry leaders introduce cutting-edge technologies that promote the integration of renewable energy and accelerate the adoption of smart grid solutions.

Europe HV Gas Insulated Switchgear Market Companies

Major players operating in the Europe HV gas 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 Europe HV gas insulated switchgear market was reached USD 5.8 billion in 2024 and is projected to grow at a CAGR of 8.1% from 2025 to 2034, driven by the rising demand for reliable and space-efficient power infrastructure.

The 72.5 kV voltage segment is expected to surpass USD 4.6 billion by 2034, due to its compact and efficient power transmission capabilities, particularly in urban and industrial areas with space constraints.

The offshore wind segment is anticipated to grow at a CAGR of over 25% through 2034, as offshore wind farms require compact and reliable equipment for high-voltage power transmission in confined spaces.

The Russia HV gas insulated switchgear market is projected to exceed USD 1.1 billion by 2034, supported by efforts to modernize aging power infrastructure and increasing investments in renewable energy projects.

Key players in the market 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.