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Gas Insulated Medium Voltage Switchgear Market Share

Report ID: GMI7056
Published Date: Dec 2024
Report Format: PDF

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Gas Insulated Medium Voltage Switchgear Market Share

Companies such as Hitachi, General Electric, and Siemens command a significant share of the gas insulated medium voltage switchgear industry, due to their cutting-edge technological capabilities, comprehensive product offerings, and strong global presence. These industry leaders make substantial investments in research and development, fostering innovations in smart and digital switchgear systems that boost grid efficiency and reliability.

Gas Insulated Medium Voltage Switchgear Market Companies

Major players operating in the gas insulated 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
Hyosung Heavy Industries
Lucy Group
Mitsubishi Electric
Ormazabal
Schneider Electric
Siemens
Skema
Toshiba

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

How big is the gas insulated medium voltage switchgear market? The market size of gas insulated medium voltage switchgear reached USD 7.5 billion in 2024 and is set to grow at a CAGR of 8.6% from 2025 to 2034, driven by the increasing demand for compact and reliable electrical equipment in power generation, utilities, and commercial sectors.

The circuit breakers segment is expected to grow at a CAGR of over 7.7% through 2034, led by the need for enhanced protection and reliability in power distribution systems.

The U.S. market is projected to surpass USD 17 billion by 2034, fueled by infrastructure modernization, grid expansion, and the integration of renewable energy sources like wind and solar.

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