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Gas Insulated Industrial Switchgear Market Share

Report ID: GMI11597
Published Date: Nov 2024
Report Format: PDF

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Gas Insulated Industrial Switchgear Market Share

Global Gas Insulated Industrial Switchgear Company Market Share Analysis, 2024

Companies such as ABB and General Electric lead the gas-insulated industrial switchgear industry, owing to their extensive industry knowledge, advanced technological solutions, and widespread global presence. These industry leaders provide innovative products, including digital substations that facilitate real-time monitoring, improved automation, and predictive maintenance—key elements for ensuring grid stability and enhancing operational efficiency.

Gas Insulated Industrial Switchgear Market Companies

Major players operating in the gas insulated industrial switchgear industry are:

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

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The global market for gas insulated industrial switchgear was reached USD 5.4 billion in 2024 and is estimated to grow at a 5.4% CAGR from 2025 to 2034, driven by increasing demand for reliable and efficient power distribution systems.

The high voltage segment is anticipated to surpass USD 5.1 billion by 2034, as it plays a crucial role in ensuring stable and efficient power transmission and distribution.

The AC segment is projected to achieve a CAGR of over 5.4% through 2034, led by its efficiency in long-distance transmission and easier voltage transformation.

The U.S. gas insulated industrial switchgear market is predicted to hit USD 900 million by 2034, due to ongoing efforts to modernize and replace aging power infrastructure.

Major 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, Hyosung Heavy Industries, Lucy Group, Mitsubishi Electric, Ormazabal, Schneider Electric, Siemens, Skema, and Toshiba.