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Industrial Medium Voltage Switchgear Market Share

Report ID: GMI7592
Published Date: Feb 2024
Report Format: PDF

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Industrial Medium Voltage Switchgear Market Share

Siemens stands as a key player with a dominant market share in the industrial MV switchgear sector. Renowned for its cutting-edge technologies, Siemens has consistently delivered innovative and reliable switchgear solutions tailored to diverse industrial needs. Its extensive product portfolio, including vacuum-insulated switchgears and advanced digital solutions, positions Siemens at the forefront of the market. With a global presence and a reputation for quality, Siemens continues to capture significant market traction, offering high-performance MV switchgear solutions that prioritize efficiency, safety, and seamless integration within industrial infrastructures.

Industrial Medium Voltage Switchgear Market Companies

Some of the key companies operating across the industrial medium voltage switchgear industry are:

ABB
Siemens
General Electric
Mitsubishi Electric Corporation
Schneider Electric
Ormazabal
Bharat Heavy Electricals Limited
CG Power & Industry Solutions Ltd.
CHINT Group
Eaton
HYOSUNG HEAVY INDUSTRIES
Lucy Group Ltd.
HD Hyundai Electric Co., Ltd.
Powell Industries
Toshiba Infrastructure Systems & Solutions Corporation
Switchgear Company
ZPUE S.A.
RESA Power, LLC.
alfanar Group
DOHO Electric

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of industrial medium voltage switchgear reached USD 9.8 billion in 2023 and is set to cross USD 18 billion by 2032, propelled by the increasing focus on renewable energy integration and the expansion of smart grid infrastructure worldwide.

The vacuum-insulated switchgears segment is poised to experience a growth rate exceeding 5.5% through 2032, driven by its cost-effectiveness, reliable performance, and leak-free technology.

Asia Pacific market is anticipated to reach USD 4.7 billion by 2032, led by burgeoning industrialization, rapid urbanization, and infrastructural development.

ABB, Siemens, General Electric, Mitsubishi Electric Corporation, Schneider Electric, Ormazabal, Bharat Heavy Electricals Limited, CG Power & Industry Solutions Ltd., CHINT Group, Eaton are some of the major industry contenders.