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North America High Voltage Switchgear Market Share

Report ID: GMI12747
Published Date: Dec 2024
Report Format: PDF

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North America High Voltage Switchgear Market Share

Leading companies like ABB and Siemens maintain their dominance in the North America high voltage switchgear industry by capitalizing on their technological expertise, broad product portfolios, and extensive global presence. They offer innovative solutions, such as digital substations, which enable real-time monitoring, enhance automation, and support predictive maintenance—critical for maintaining grid stability and optimizing operational efficiency. With a strong focus on research and development, these industry leaders continually introduce advanced technologies that promote renewable energy integration and drive the adoption of smart grid solutions.

North America High Voltage Switchgear Market Companies

Major players operating in the North America high voltage 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 for high voltage switchgear in North America reached USD 429.9 million in 2024 and is projected to grow at a 6.1% CAGR from 2025 to 2034, led by increasing investments in power infrastructure modernization and renewable energy integration.

The 36 kV voltage segment is expected to surpass USD 309.8 million by 2034, supported by rising demand for medium-scale power distribution solutions in commercial, industrial, and utility applications.

The U.S. market is anticipated to exceed USD 559.5 million by 2034, fueled by significant investments in upgrading aging electrical grids and the development of smart grid infrastructure.

The key players in the market 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.