Home > Energy & Power > Electrical Equipment > Switchgears > North America Residential Switchgear Market

North America Residential Switchgear Market Share

Report ID: GMI11447
Published Date: Sep 2024
Report Format: PDF

Download Free Sample

North America Residential Switchgear Market Share

Companies such as ABB, Siemens, Hitachi Energy Ltd., Eaton and Mitsubishi Electric Corporation hold significant shares in their strong regional presence. Their ongoing investments and expansions in the North America region mark the importance of this market in their strategies to ensure forefront of industry developments. ABB's commitment to innovation is evident in its development of cutting-edge technologies that enable smarter and more efficient operations across multiple industries. The company's extensive presence in the North America region further solidifies its position as a leader, contributing significantly to its global market share.

North America Residential Switchgear Market Companies

ABB
Chint Group
E + I Engineering
Eaton Corporation
Fuji Electric
Hitachi
Hyundai Electric & Energy Systems
Mitsubishi Electric Corporation
Powell Industries
Regal Rexnord Corporation
Schneider Electric
Toshiba Corporation
Siemens

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

North America residential switchgear market size was valued at USD 3.3 billion in 2023 and is anticipated to grow at 8.3% CAGR through 2032, due to the rising demand for energy-efficient electrical equipment and the modernization of existing electrical infrastructure.

The indoor residential switchgear segment held a decent growth in 2023 and is expected to overtake USD 5.8 billion by 2032, due to its ability to provide secure and efficient distribution of electricity in confined spaces.

The U.S. residential switchgear market held a decent growth in 2023 and is anticipated to surpass 4.9 billion by 2032, driven by various factors including increased urbanization, rising demand for electricity.

ABB, Chint Group, E + I Engineering, Eaton Corporation, Fuji Electric, Hitachi among others.