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Europe Switchgear Market Share

Report ID: GMI7042
Published Date: Oct 2023
Report Format: PDF

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Europe Switchgear Market Share

Siemens commands a substantial share in the Europe switchgear industry, distinguished for its extensive experience in engineering and producing diverse switchgear types, encompassing air insulated switchgear, gas insulated switchgear, among others. With a rich history deeply rooted in the transmission and distribution sector, the company has delivered switchgear solutions across a broad spectrum of applications, spanning commercial, industrial, and utility sectors.

Some of the key market players operating across the Europe switchgear industry are:

ABB
Siemens
GE
Mitsubishi Electric Corporation
Schneider Electric
Ormazabal
CG Power and Industrial Solutions Limited
Chint Group
Eaton
Hyosung Heavy Industries
HD HYUNDAI ELECTRIC CO., LTD.
Toshiba Corporation
Powell Industries
Fuji Electric Co., Ltd.
Hitachi Ltd
Lucy Group Ltd.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of switchgear in Europe was worth USD 33.9 billion in 2023 and is estimated to expand at 8.8% CAGR from 2024 to 2032, attributed to the significant shift toward integrating IT systems throughout the electricity sector.

Europe switchgear industry size from the low voltage segment generated more than USD 15.9 billion in 2022 and is expected to record robust growth through 2032, owing to the implementation of various regulatory requirements and guidelines for standardizing products in the region.

U.K. switchgear market held over 8.8% revenue share in 2022 and is estimated to expand at notable CAGR from 2023 to 2032, owing to the ongoing shift towards smarter grid infrastructure along with the higher deployment of intelligent switchgear and monitoring systems.

Some leading switchgear companies in Europe are ABB, Siemens, GE, Mitsubishi Electric Corporation, Schneider Electric, Ormazabal, CG Power and Industrial Solutions Limited, Eaton, Hyosung Heavy Industries, HD HYUNDAI ELECTRIC CO., LTD., Toshiba Corporation, and Powell Industries