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AC Switchgear Market Share

Report ID: GMI6966
Published Date: Oct 2023
Report Format: PDF

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AC Switchgear Market Share

ABB commands a substantial share in the AC switchgear industry, distinguished for its extensive experience in engineering and producing diverse switchgear types, encompassing AC Switchgear, DC switchgear, among others. With a rich history deeply rooted in the transmission and distribution sector, the company has delivered switchgear solutions across a broad spectrum of applications, spanning commercial, industrial, and utility sectors.

Some of the key market players operating across the AC switchgear industry are:

ABB
Mitsubishi Electric Corporation
Eaton Corporation
Toshiba International Corporation
Schneider Electric
CG Power & Industrial Solutions Ltd.
General Electric
Siemens Energy
HD HYUNDAI ELECTRIC CO., LTD.
Chint Group
Hyosung Heavy Industries
Fuji Electric Co., Ltd.
Hitachi Energy Ltd.
Powell Industries
Lucy Group Ltd.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of AC switchgear was worth USD 126.3 billion in 2023 and is projected to witness over 7.3% CAGR from 2024 to 2032, driven by the higher need for efficient transmission and distribution (T&D) control systems.

AC switchgear market size from the low voltage segment will witness more than 7.1% CAGR through 2032, influenced by various regulatory mandates and guidelines aimed at standardizing products and shaping manufacturing trends on the global scale.

What factors are driving the demand for AC switchgear in Europe?

Some of the prominent AC switchgear companies are ABB, Mitsubishi Electric Corporation, Eaton Corporation, Toshiba International Corporation, Schneider Electric, General Electric, Siemens Energy, and HD HYUNDAI ELECTRIC CO., LTD.