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North America Air Insulated Switchgear Market Share
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
Why is the medium voltage segment growing in the North America air insulated switchgear market?
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.
How big is the North America air insulated switchgear market?
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.
What is the growth outlook for the commercial and industrial segment in the North America air insulated switchgear market?
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.
What trends are influencing the U.S. air insulated switchgear market growth?
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.
Who are the major players in the North America air insulated switchgear market?
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.