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