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North America Air Insulated Switchgear Market Share

Report ID: GMI6914
Published Date: Dec 2024
Report Format: PDF

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North America Air Insulated Switchgear Market Share

North America Air Insulated Switchgear Company Market Share Analysis, 2024

Leading companies such as ABB and Siemens retain their dominance in the North America air insulated switchgear industry by capitalizing on their technological expertise, broad product portfolios, and extensive global presence. They offer innovative solutions like digital substations, which enable real-time monitoring, improve automation, and facilitate predictive maintenance—critical elements for ensuring grid stability and optimizing performance. By consistently investing in research and development, these industry leaders introduce advanced technologies that support the integration of renewable energy and accelerate the adoption of smart grid solutions.

North America Air Insulated Switchgear Market Companies

Major players operating in the North America air 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
Lucy Group
Mitsubishi Electric
Ormazabal
Schneider Electric
Siemens
Skema
Toshiba

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The North America air insulated switchgear market was reached USD 2.3 billion in 2024 and is projected to grow at a CAGR of 8.5% from 2025 to 2034, driven by the rising demand for reliable and efficient electrical systems across industries.

The medium voltage segment is expected to surpass USD 2.8 billion by 2034, fueled by the rapid expansion of industrial applications, infrastructure upgrades, and the increasing adoption of renewable energy sources.

The commercial and industrial segment is anticipated to achieve a CAGR of over 8.8% through 2034, supported by its critical role in the expansion of the wind energy sector and the growing focus on renewable energy integration.

The U.S. air insulated switchgear market is projected to exceed USD 2.9 billion by 2034, led by the modernization and expansion of the country's energy infrastructure and the replacement of aging power grids with efficient systems.

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, Lucy Group, Mitsubishi Electric, Ormazabal, Schneider Electric, Siemens, Skema, and Toshiba.