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Fixed Mounting Power Distribution Component Market Share

Report ID: GMI10506
Published Date: Jul 2024
Report Format: PDF

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Fixed Mounting Power Distribution Component Market Share

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Key market players, including ABB, Siemens, Schneider Electric, Eaton Corporation, and General Electric, are leading manufacturers of fixed mounting power distribution equipment. Their dominance is attributed to factors like strong brand reputation, technological innovations, reliability, and high customer satisfaction, cementing their status as preferred suppliers in the sector.

Fixed Mounting Power Distribution Component Market Companies

Some of the key market players operating across the fixed mounting power distribution component industry are:

ABB
ALSTOM SA
CG Power & Industrial Solutions Ltd.
Eaton
GE Grid Solutions
G&W Electric
Hitachi Energy
Lucy Group Ltd.
L&T Electrical & Automation
Meiden Europe GmbH
Ormazabal
Powell Industries
Schneider Electric
Siemens
Toshiba Energy Systems & Solutions Corporation

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of fixed mounting power distribution component reached USD 147.1 billion in 2023 and is set to register 7.7% CAGR from 2024-2032, owing to the rising disparity in electric infrastructure between developing and developed economies worldwide.

Fixed mounting power distribution component industry from the switchgear segment is expected to register exceed USD 117 billion by 2032, due to advanced switchgear solutions playing a pivotal role in managing voltage levels and reducing power losses.

Asia Pacific market is expected to reach over USD 134 billion by 2032, attributed to rapid industrialization, urbanization, and infrastructural developments across emerging economies in the region.

Hitachi Energy, Lucy Group Ltd., L&T Electrical & Automation, Meiden Europe GmbH, Ormazabal, Powell Industries, Schneider Electric, Siemens, and Toshiba Energy Systems & Solutions Corporation, are some of the major fixed mounting power distribution component companies worldwide.