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High Voltage Switchgear Market Share

Report ID: GMI5399
Published Date: Jun 2024
Report Format: PDF

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High Voltage Switchgear Market Share

General Electric holds a significant market share in the high voltage switchgear industry due to its extensive range of products renowned for reliability and innovation. Leveraging advanced technologies like digital substations and grid automation, GE addresses the growing demand for efficient and resilient power distribution solutions globally, positioning itself as a key player in shaping the future of electrical infrastructure.

High Voltage Switchgear Market Companies

Some of the major key players operating across the high voltage switchgear industry are:

Bharat Heavy Electricals Ltd.
BRUSH
CG Power & Industrial Ltd.
CHEM
CHINT Group
GE
Hitachi Energy Ltd.
Hyundai Electric & Energy Systems Co.
Hyosung Heavy Industries
Mitsubishi Electric Corporation
Powell Industries, Ltd.
Schneider Electric
Siemens Energy
TOSHIBA CORPORATION

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of high voltage switchgear was worth USD 2.5 billion in 2023 and is projected to expand at 7.2% CAGR from 2024 to 2032, led by the increasing investments in renewable energy infrastructure and the modernization of aging power grids.

The 36kV voltage segment in the high voltage switchgear industry is estimated to exceed USD 1.7 billion by 2032, owing to the increasing demand for reliable power distribution in urban and industrial areas.

The outdoor installation segment in the high voltage switchgear market is projected to exhibit more than 7% CAGR between 2024 and 2032, led by the escalating demand for robust power distribution systems capable of enduring severe environmental conditions.

Asia Pacific high voltage switchgear industry is likely to exceed USD 2.2 billion by 2032, due to the surging demand for reliable electricity distribution infrastructure in the region.