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North America HV Switchgear Market Share

Report ID: GMI6740
Published Date: Sep 2023
Report Format: PDF

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North America HV Switchgear Market Share

Major participants operating across the North America HV switchgear market include :

General Electric
Siemens Energy
Mitsubishi Electric Corporation
Hitachi Energy Ltd.
Bharat Heavy Electricals Limited
CG Power & Industrial Solutions Ltd.
CHINT Group
Powell Industries
HD Hyundai Electric Co Ltd.
Hyosung Heavy Industries
Schneider Electric
Toshiba Corporation

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of North America HV switchgear was worth over USD 402.5 million in 2023 and may record over USD 696.7 million by 2032, due to the ongoing investments in upgrading and modernizing aging electrical infrastructure in the region.

North America36 kV HV switchgear market size is anticipated to observe over 6.5% CAGR from 2023 to 2032, due to the increasing demand for energy coupled with higher government backing for sustainable electricity grids in the region.

U.S. HV switchgear industry size will register over 5.5% CAGR from 2023 to 2032, due to the increasing focus on refurbishing the transmission and distribution infrastructure, including substations and high voltage lines in the nation.

General Electric, Siemens Energy, Mitsubishi Electric Corporation, Hitachi Energy Ltd., Bharat Heavy Electricals Limited, CG Power & Industrial Solutions Ltd., CHINT Group, Powell Industries, among others.