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Medium Voltage Switchgear Market Share

Report ID: GMI2543
Published Date: Jul 2024
Report Format: PDF

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Medium Voltage Switchgear Market Share

Global Medium Voltage Switchgear Company Market Share Analysis, 2023

ABB holds a significant share in the U.S. medium voltage switchgear industry, leveraging its advanced technologies and global presence. Known for reliability and innovation, ABB's offerings cater to diverse industrial and infrastructure needs, including smart grid solutions and renewable energy integration, reinforcing its position as a key player in the sector.

Medium Voltage Switchgear Market Companies

Major key players operating across the medium voltage switchgear industry are:

ABB
Bharat Heavy Electricals Limited
CHINT Group
CG Power & Industrial Solutions Ltd.
Eaton
General Electric
HYOSUNG HEAVY INDUSTRIES
HD Hyundai Electric Co., Ltd.
Lucy Group Ltd.
Mitsubishi Electric Corporation
Ormazabal
Powell Industries
Siemens
Schneider Electric
Toshiba Infrastructure Systems & Solutions Corporation

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of medium voltage switchgear was worth over USD 49 billion in 2023 and is projected to expand at 7.1% CAGR through 2032, driven by increasing urbanization and industrialization.

The medium voltage switchgear market from the leveraging vacuum insulation segment is projected to surpass USD 46.5 billion by 2032 as it enhances reliability by minimizing electrical arcing.

Asia-Pacific medium voltage switchgear market is expected to exceed USD 28.5 billion by 2032 attributed to rising industrialization and urbanization.

ABB, Bharat Heavy Electricals Limited, CHINT Group, CG Power & Industrial Solutions Ltd., Eaton, General Electric, HYOSUNG HEAVY INDUSTRIES, HD Hyundai Electric Co., Ltd., and Lucy Group Ltd. among others.