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Utility Scale Switchgear Market Share

Report ID: GMI5665
Published Date: May 2023
Report Format: PDF

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Utility Scale Switchgear Market Share

Some of the major utility scale switchgear market participants include:

Schneider Electric
Mitsubishi Electric Corporation
General Electric
Eaton
Siemens
ABB

Leading industry players are concentrating towards various strategies including new agreements, joint ventures, and collaboration. In addition, ongoing refurbishment of power grid including advanced technologies, grid energy storage and smart grid development will drive the business growth.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of utility scale switchgear exceeded USD 73.8 billion in 2022 and will reach USD 151.6 billion by 2032 due to the increasing need for effective T&D control systems worldwide.

< 36 kV utility scale switchgear industry recorded over 7 million units, in terms of annual installation, in 2022 owing to the large-scale T&D deployment and refurbishment of the existing grid network across developing economies.

The APAC scale switchgear industry size will exceed USD 55 billion by 2032 driven by the growing investments for the creation of energy efficient products.

Schneider Electric, Mitsubishi Electric Corporation, General Electric, Eaton, Siemens, and ABB are few of the utility scale switchgear companies.