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North America Medium Voltage Switchgear Market Share

Report ID: GMI4438
Published Date: Dec 2022
Report Format: PDF

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North America Medium Voltage Switchgear Market Share

The strategic landscape of the North America medium voltage switchgear market is inclusive of:

CG Power Industrial Solutions Ltd
Hyosung Heavy Industries
ABB
Avail Infrastructure Limited
Siemens Schneider Electric
General Electric
CHINT Group
Eatoz
Hyundai Electric & Energy Systems Co., Ltd
Mitsubishi Electric Corporation
WEG
Powell Industries Limited

These firms are focusing on product range expansions and other initiatives to gain a competitive advantage over rivals in the market.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of medium voltage switchgear in North America crossed USD 8.6 billion in 2023 and is poised to depict over 6.7% gains through 2032, due to the strong focus on grid modernization.

The power stations end-use segment is set to register over 6% CAGR between 2023 and 2032, given the rising incorporation of high-frequency power transmission networks.

The U.S. is anticipated to account for over 58% share of the North America medium voltage switchgear market by 2032, owing to the introduction of government initiatives targeted toward the deployment of reliable power networks.

ABB, Avail Infrastructure Limited, Siemens, Schneider Electric, General Electric, CHINT Group, Eaton, Mitsubishi Electric Corporation, WEG, and Powell Industries Limited are some of the key players in the industry.