High Voltage Industrial Switchgear Market - Top Companies and Manufacturers

Companies Dominating the High Voltage Industrial Switchgear Landscape

Companies are increasingly adopting growth strategies to capitalize on emerging trends such as the shift towards renewable energy, smart grid technology, and infrastructure modernization. Product launches, mergers, acquisitions, and collaborations are some of the most adopted growth strategies of the prominent high voltage industrial switchgear market players. In September 2023, ABB announced the launch of its 500 mm panel version of the UniGear ZS1, which is the company’s latest in air-insulated medium-voltage switchgear technology.

ABB
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Eaton Corporation
Hyosung Corporation
Hyundai Electric & Energy Systems Co., Ltd.
Lucy Group Ltd.
Powell Industries
Regal Rexnord Corporation
Schneider Electric
Skema S.p.A.

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High Voltage Industrial Switchgear Market Size & Share, Growth Analysis 2037

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In June 2024, Siemens Smart Infrastructure invests USD 110 million in a 3.5-hectare site to expand the existing switchgear factory facility in Frankfurt’s Ostend district. The investment is further projected to strengthen the factory with high-speed warehouse and expanded production.
In July 2022, Hitachi Energy announced the supply of the groundbreaking WindSTAR™ transformers and high-voltage hybrid switchgear Plug and Switch System (PASS) to the Tuci offshore wind power project in China.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the high voltage industrial switchgear market was over USD 16.8 billion.

The market size for the high voltage industrial switchgear market is projected to reach USD 41.3 billion by the end of 2037 expanding at a CAGR of 7.8% during the forecast period i.e., between 2025-2037.

The major players in the market are Eaton Corporation, Hyosung Corporation, Hyundai Electric & Energy Systems Co., Ltd., and others.

In terms of current segment, the AC segment is anticipated to garner the largest market share by 2037 and display lucrative growth opportunities during 2025-2037.

The market in Asia Pacific is projected to hold the largest market share of 55.9% by the end of 2037 and provide more business opportunities in the future.

High Voltage Industrial Switchgear Market - Top Companies and Manufacturers

Companies Dominating the High Voltage Industrial Switchgear Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the high voltage industrial switchgear market?

What is the outlook for the high voltage industrial switchgear market?

Who are the major players dominating the high voltage industrial switchgear market?

Which current segment will capture the significant market share for the high voltage industrial switchgear market by 2037?

Which region will provide more business opportunities for the growth of the high voltage industrial switchgear market in the future?