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Utility Scale Switchgear Market Share

Report ID: GMI5665
Published Date: Dec 2024
Report Format: PDF

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Utility Scale Switchgear Market Share

Companies like Hitachi, ABB, and Siemens hold a significant share in the utility scale switchgear industry due to their advanced technological capabilities, extensive product portfolios, and global presence. These industry leaders invest heavily in research and development, driving innovations in smart and digital switchgear systems that enhance grid reliability and efficiency. Their expertise in offering tailored solutions for renewable energy integration, grid modernization, and high-voltage applications gives them a competitive edge.

Utility Scale Switchgear Market Companies

Major players operating in the utility scale 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 market size of utility scale switchgear reached USD 85.9 billion in 2024 and is set to grow at a 7.2% CAGR from 2025 to 2034, driven by increased investments in renewable energy infrastructure and grid modernization.

The AC segment is projected to achieve a CAGR of over 6.8% through 2034, led by its efficiency in long-distance power transmission and compatibility with existing grid frameworks.

The U.S. market is anticipated to exceed USD 16.2 billion by 2034, supported by investments in modernizing aging grid infrastructure and expanding renewable energy projects.

Key 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.