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U.S. Switchgear Market Share

Report ID: GMI5809
Published Date: Nov 2024
Report Format: PDF

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U.S. Switchgear Market Share

U.S. Switchgear Company Market Share Analysis, 2024

ABB stands out as a prominent provider in the U.S. switchgear industry, delivering an extensive selection of electrical equipment that includes both standard and custom designs. With a solid foundation in the electrical industry, ABB consistently offers tailored bushing solutions to meet diverse application needs.

U.S. Switchgear Market Companies

Some of the key market players operating across the U.S. switchgear industry are:

ABB
CG Power and Industrial Solutions
Chint Group
E+I Engineering
Eaton
Fuji Electric
General Electric
Hitachi
Hyosung Heavy Industries
Hyundai Electric and Energy Systems
Mitsubishi Electric
Ormazabal
Powell Industries
Regal Rexnord
Schneider Electric
Siemens

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size for switchgear in U.S. reached USD 17.8 billion in 2024 and is set to grow at a 5.9% CAGR from 2025 to 2034, driven by investments in upgrading aging infrastructure.

The low-voltage segment is anticipated to exceed USD 16.2 billion by 2034, led by the adoption of energy-efficient solutions and smart technologies like IoT-enabled devices and remote monitoring systems.

The utility segment is poised to expand at a CAGR exceeding 5.3% through 2034, fueled by investments in advanced utility-scale switchgear to enhance grid resilience and reliability.

The key players in the industry include ABB, CG Power and Industrial Solutions, Chint Group, E+I Engineering, Eaton, Fuji Electric, General Electric, Hitachi, Hyosung Heavy Industries, Hyundai Electric and Energy Systems, and Mitsubishi Electric.