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Vacuum Insulated Medium Voltage Switchgear Market Share

Report ID: GMI6990
Published Date: Nov 2024
Report Format: PDF

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Vacuum Insulated Medium Voltage Switchgear Market Share

Companies like Hitachi, General Electric, and Siemens hold a major share of the vacuum insulated medium voltage switchgear industry, thanks to their advanced technological capabilities, extensive product portfolios, and strong global presence. These market leaders invest heavily in research and development, driving innovations in smart and digital switchgear systems that enhance grid efficiency and reliability.

Vacuum Insulated Medium Voltage Switchgear Market Companies

Major players operating in the vacuum insulated medium voltage 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, Vishal Saini

Frequently Asked Questions (FAQ) :

The global market for vacuum insulated medium voltage switchgear was reached USD 28.7 billion in 2024 and is estimated to grow at a 6% CAGR from 2025 to 2034, driven by increasing demand for reliable and efficient power distribution systems.

The ? 21 kV to < 27 kV segment is anticipated to surpass USD 12.5 billion by 2034, led by the increasing demand for stable and reliable medium voltage power distribution systems in commercial, industrial, and infrastructure applications.

The contractor

The U.S. vacuum insulated medium voltage switchgear market is likely to reach USD 5.9 billion by 2034, propelled by significant investments in modernizing the aging electrical grid to improve efficiency, reliability, and resilience.

Major 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.