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Oil Insulated Switchgear Market Share

Report ID: GMI10464
Published Date: Nov 2024
Report Format: PDF

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Oil Insulated Switchgear Market Share

Companies like Hitachi and General Electric lead the air-insulated industrial switchgear market, capitalizing on their vast industry experience, innovative technologies, and global presence. These companies provide advanced solutions, including digital substations, which facilitate real-time monitoring, improved automation, and predictive maintenance—key capabilities that enhance grid stability and optimize operational efficiency.

Oil Insulated Switchgear Market Companies

Major players operating in the oil insulated switchgear industry are:

ABB
Bharat Heavy Electricals
CG Power and Industrial Solutions
E + I Engineering
Eaton
Fuji Electric
General Electric
HD Hyundai Electric
Hitachi
Hyosung Heavy Industries
Lucy Group
Mitsubishi Electric
Ormazabal
Schneider Electric
Siemens
Skema
Toshiba

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The global market for oil-insulated switchgear was reached USD 9.4 billion in 2024 and is estimated to grow at a 6.5% CAGR from 2025 to 2034, driven by the growing demand for reliable and efficient power distribution systems.

The low voltage segment is anticipated to surpass USD 9.1 billion by 2034, due to the increasing need for reliable and efficient electrical distribution systems in residential, commercial, and industrial sectors.

The AC segment is projected to achieve a CAGR of over 6.3% through 2034, fueled by the increasing demand for AC power in both residential and industrial applications.

Major players in the industry include ABB, Bharat Heavy Electricals, CG Power and Industrial Solutions, E + I Engineering, Eaton, Fuji Electric, General Electric, HD Hyundai Electric, Hitachi, Hyosung Heavy Industries, Lucy Group, Mitsubishi Electric, Ormazabal, Schneider Electric, Siemens, Skema, and Toshiba.