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

North America Switchgear Market Share

Report ID: GMI3241
Published Date: Jul 2024
Report Format: PDF

Download Free Sample

North America Switchgear Market Share

ABB has secured a significant share in the North American switchgear market, leveraging its advanced technologies and strong industry presence. With a focus on enhancing grid reliability and efficiency, ABB's innovations in digital solutions and IoT integration are pivotal. The company's leadership in sustainable energy solutions and commitment to meeting stringent regulatory standards further solidify its position, driving growth and shaping the future landscape of the North American switchgear sector.

North America Switchgear Market Companies

Major key players operating across the North America switchgear industry are:

ABB
CG Power & Industrial Solutions Ltd
CHINT Group
Eaton
E+I Engineering
Fuji Electric Co., Ltd
General Electric
Hitachi, Ltd
Hyundai Electric & Energy Systems Co., Ltd.
HYOSUNG HEAVY INDUSTRIES
Mitsubishi Electric Corporation
Ormazabal
Powell Industries
Regal Rexnord Corporation
Schneider Electric
Siemens

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of North America switchgear was worth over USD 25.1 billion in 2023 and is set to register about 6.6% CAGR through 2032, driven by rising demand for electricity.

The AC segment of North America switchgear market held a decent share in 2023 and is expected to achieve over 6% CAGR through 2032, due to their efficiency in long-distance power transmission, compatibility with existing infrastructure, and cost-effectiveness.

The U.S. switchgear market is poised to surpass USD 28 billion by 2032, driven by the increasing investments in infrastructure development, particularly in renewable energy projects and smart grid initiatives.

ABB, CG Power & Industrial Solutions Ltd, CHINT Group, Eaton, E+I Engineering, Fuji Electric Co., Ltd, General Electric, Hitachi, Ltd among others.