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Europe Medium Voltage Switchgear Market Share

Report ID: GMI7335
Published Date: Dec 2024
Report Format: PDF

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Europe Medium Voltage Switchgear Market Share

Europe Medium Voltage Switchgear Company Market Share Analysis, 2024

Leading companies like ABB and Siemens continue to dominate the vacuum-insulated low voltage industrial switchgear market by leveraging their technological expertise, innovative product offerings, and global presence. They provide advanced solutions, such as digital substations, which facilitate real-time monitoring, enhance automation, and support predictive maintenance—key factors for ensuring grid stability and improving operational efficiency. Through their strong focus on research and development, these industry leaders consistently introduce cutting-edge technologies that promote renewable energy integration and accelerate the adoption of smart grid solutions.

Europe Medium Voltage Switchgear Market Companies

Major players operating in the Europe medium voltage 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 European market for medium voltage switchgear was reached USD 14.1 billion in 2024 and is projected to grow at a 7% CAGR from 2025 to 2034, driven by increasing investments in infrastructure and renewable energy sources.

The ≥ 15 kV to < 21 kV voltage segment is expected to surpass USD 5.5 billion by 2034, as these voltage levels are optimal for connecting grid components and integrating renewable energy sources efficiently.

The contactors segment is anticipated to achieve a CAGR of over 7.8% through 2034, led by the adoption of automation technologies in industries and utilities, which increases the demand for reliable switching devices.

The Russia medium voltage switchgear market is likely to exceed USD 3.3 billion by 2034, supported by significant investments in modernizing aging power grid infrastructure to meet rising demand and improve reliability.

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.