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Residential Switchgear Market Share

Report ID: GMI10494
Published Date: Nov 2024
Report Format: PDF

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Residential Switchgear Market Share

Global Residential Switchgear Company Market Share Analysis, 2024

Companies such as ABB and Siemens hold a substantial industry share in the residential switchgear sector, attributed to their expertise, advanced technology offerings, and extensive global reach. These industry leaders deliver innovative solutions, including digital substations that provide real-time monitoring, improved automation, and predictive maintenance—key for ensuring modern grid stability and operational efficiency. Furthermore, their robust R&D capabilities enable them to continuously introduce state-of-the-art technologies that support renewable energy integration and smart grid initiatives.

Residential Switchgear Market Companies

Major players operating in the residential 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 residential switchgear was reached USD 20 billion in 2024 and is set to grow at a CAGR of 7.5% from 2025 to 2034, due to rising urbanization and increased investments in modern electrical infrastructure.

Based on installation, the indoor segment is projected to exceed USD 37.1 billion by 2034, driven by rapid urbanization and the increasing demand for residential units in densely populated regions.

The U.S. residential switchgear market is estimated to surpass USD 5 billion by 2034, led by growing electricity demand in residential areas due to population growth and urbanization.

Major players in the residential switchgear 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.