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Air Insulated Medium Voltage Switchgear Market Share

Report ID: GMI7108
Published Date: Oct 2023
Report Format: PDF

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Air Insulated Medium Voltage Switchgear Market Share

In the market for air-insulated medium voltage switchgear, ABB has firmly established its presence as a major player, commanding a substantial market share. ABB's leadership in this market is founded on its unwavering commitment to innovation, cutting-edge technology, and a comprehensive range of high-quality switchgear solutions. Renowned for their compact design, robust performance, and advanced safety features, ABB's air-insulated switchgears are the preferred choice for a wide range of industries and utilities. Furthermore, ABB's extensive global reach and a vast network of service and support facilities solidify its position in the market, providing customers with reliability and peace of mind.

Some of the key market players operating across the air insulated medium voltage switchgear industry are:

ABB
Siemens
Schneider Electric
Eaton
HYOSUNG HEAVY INDUSTRIES
Toshiba Infrastructure Systems & Solutions Corporation
Ormazabal
CG Power & Industrial Solutions Ltd
NISSIN ELECTRIC Co.,Ltd.
Xiamen Huadian Switchgear Co., Ltd.
Lucy Group Ltd.
HD Hyundai Electric Co., Ltd.
Switchgear Company
Yueqing Liyond Electric Co., Ltd.
Bulox Corporation
CAHORS

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market valuation of air insulated medium voltage switchgear was worth USD 5.4 billion in 2023 and is envisioned to record over 7.5% CAGR from 2024 to 2032.

The circuit breakers segment value was exceeded USD 2.6 billion in 2022 and will surpass USD 5 billion by 2032 as they play a pivotal role in safeguarding the safety and reliability of electrical distribution systems.

Asia Pacific air insulated medium voltage switchgear market is anticipated to observe over 5% CAGR from 2023 to 2032, owing to the region's rapid industrialization and urbanization which are leading to an increased demand for reliable and efficient electrical distribution systems.

ABB, Siemens, Schneider Electric, Eaton, HYOSUNG HEAVY INDUSTRIES, Toshiba Infrastructure Systems & Solutions Corporation, Ormazabal, CG Power & Industrial Solutions Ltd, NISSIN ELECTRIC Co.,Ltd., Xiamen Huadian Switchgear Co., Ltd., Lucy Group Ltd., HD Hyundai Electric Co., Ltd., Switchgear Company, Yueqing Liyond Electric Co., Ltd., Bulox Corporation, and CAHORS.