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

Switchgear Market Share

Report ID: GMI317
Published Date: Jul 2024
Report Format: PDF

Download Free Sample

Switchgear Market Share

Companies like ABB, Schneider Electric, and Siemens hold significant market share in the switchgear industry due to their extensive portfolios of advanced and reliable products, strong global presence, and continuous investment in research and development. Their innovative solutions cater to diverse sectors, including industrial, commercial, and renewable energy, ensuring efficient and safe power distribution.

Switchgear Market Companies

ABB
Bharat Heavy Electricals Limited
CG Power and Industrial Solutions Limited
Eaton
E + I Engineering
Fuji Electric Co., Ltd.
General Electric
Hyosung Heavy Industries
HD HYUNDAI ELECTRIC
Hitachi Ltd
Lucy Group Ltd.
Mitsubishi Electric Corporation
Ormazabal
Schneider Electric
Skema S.p.A.
Siemens
Toshiba Corporation

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of switchgear was reached USD 144.6 billion in 2023 and is anticipated to register 7.6% CAGR between 2024 and 2032, due to the expansion of smart grid networks and rising peak load demands.

The low voltage segment in the switchgear market is expected to reach USD 158.6 billion by 2032, owing to the development and expansion of infrastructure projects.

Asia Pacific switchgear market is anticipated to surpass USD 103 billion by 2032, on account of increased demand for reliable and efficient power distribution systems.

ABB, Bharat Heavy Electricals Limited, CG Power and Industrial Solutions Limited, Eaton, E + I Engineering, Fuji Electric Co., Ltd., General Electric, Hyosung Heavy Industries, HD HYUNDAI ELECTRIC, and Hitachi Ltd, among others.