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Gas Insulated Medium Voltage Switchgear Market Share

Report ID: GMI7056
Published Date: Oct 2023
Report Format: PDF

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Gas Insulated Medium Voltage Switchgear Market Share

ABB has established a dominant presence in the gas insulated medium voltage switchgear industry, securing a significant market share. This market leadership is underpinned by ABB's longstanding commitment to innovation, cutting-edge technology, and a comprehensive portfolio of high-quality switchgear solutions. ABB's gas-insulated switchgears are known for their compact design, robust performance, and exceptional safety features, making them the preferred choice for various industries and utilities.

Some of the key market players operating across the gas insulated medium voltage switchgear industry are:

ABB
Siemens
Schneider Electric
Eaton
HYOSUNG HEAVY INDUSTRIES
Toshiba Infrastructure Systems & Solutions Corporation
Ormazabal
CG Power & Industrial Solutions Ltd
NISSIN ELECTRIC Co.,Ltd.
Xiamen Huadian Switchgear Co., Ltd.
Lucy Group Ltd.
HD Hyundai Electric Co., Ltd.
Switchgear Company
Yueqing Liyond Electric Co., Ltd.
Bulox Corporation
CAHORS

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of gas insulated medium voltage switchgear was worth USD 6.8 billion in 2023 and is estimated to record over 8.6% CAGR from 2024 to 2032.

The circuit breakers segment is predicted to surpassed USD 3.3 billion in 2022 and is projected to reach USD 7.1 billion by 2032 as they are integral for ensuring the safety and reliability of electrical distribution systems.

Asia Pacific gas insulated medium voltage switchgear market is anticipated to record over 6.5% CAGR from 2023 to 2032, owing to the region's rapid industrialization and urbanization that are spurring substantial investments in power infrastructure and distribution networks.

ABB, Siemens, Schneider Electric, Eaton, HYOSUNG HEAVY INDUSTRIES, Toshiba Infrastructure Systems & Solutions Corporation, Ormazabal, CG Power & Industrial Solutions Ltd, NISSIN ELECTRIC Co.,Ltd., Xiamen Huadian Switchgear Co., Ltd., Lucy Group Ltd., HD Hyundai Electric Co., Ltd., Switchgear Company, Yueqing Liyond Electric Co., Ltd., Bulox Corporation, and CAHORS.