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Utility Air Insulated Power Distribution Component Market Share

Report ID: GMI11537
Published Date: Sep 2024
Report Format: PDF

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Utility Air Insulated Power Distribution Component Market Share

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Major players in the utility air insulated power distribution component industry include industry leaders such as ABB, Siemens, Schneider Electric, Eaton Corporation, and General Electric. These companies dominate the market, supported by strong brand recognition, advanced technology, reliability, and high customer satisfaction, cementing their position as top suppliers.

Utility Air Insulated Power Distribution Component Market Companies

Some of the key market players operating across the utility air insulated power distribution component industry are:

ABB
ALSTOM
CG Power & Industrial Solutions Ltd.
Eaton
GE Grid Solutions
G&W Electric
Hitachi Energy
Lucy Group Ltd.
L&T Electrical & Automation
Meiden Europe
Ormazabal
Powell Industries
Schneider Electric
Siemens
Toshiba Energy Systems & Solutions Corporation

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of utility air insulated power distribution component reached USD 6.6 billion in 2023 and will further proliferate with 7.1% CAGR from 2024 to 2032, owing to the aging power infrastructure and increasing electricity demand.

The switchgear segment is expected to surpass USD 5 billion by 2032, as they help in managing voltage levels and reducing power losses.

U.S. market will surpass USD 1.1 billion by 2032, due to the rising technological advancements in power distribution components.

ABB, ALSTOM, CG Power & Industrial Solutions Ltd., Eaton, GE Grid Solutions, G&W Electric, Hitachi Energy, Lucy Group Ltd., L&T Electrical & Automation, Meiden Europe, and Ormazabal.