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HV Gas Insulated Switchgear Market Share

Report ID: GMI6890
Published Date: Nov 2024
Report Format: PDF

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HV Gas Insulated Switchgear Market Share

Companies like Hitachi, General Electric, and Siemens hold a significant share of the high-voltage gas insulated switchgear industry, thanks to their advanced technological expertise, extensive product portfolios, and strong global reach. These industry leaders invest heavily in research and development, driving innovations in smart and digital switchgear systems that enhance grid efficiency and reliability.

HV Gas Insulated Switchgear Market Companies

Major players operating in the HV gas insulated 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 market size of HV gas insulated switchgear reached USD 17 billion in 2024 and is set to grow at a 7.7% CAGR from 2025 to 2034, driven by advancements in technology, rising energy demands, and increasing focus on sustainable and efficient power distribution.

The 145 kV segment is anticipated to surpass USD 13.3 billion by 2034 due to the increasing demand for reliable and efficient power transmission infrastructure.

The U.S. market is expected to reach USD 4.3 billion by 2034 owing to ongoing investments in grid modernization, the expansion of renewable energy projects, and the need for reliable and efficient power transmission infrastructure.

The key 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.