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U.S. Switchgear Market Share

Report ID: GMI5809
Published Date: May 2023
Report Format: PDF

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U.S. Switchgear Market Share

Strategic partnerships and collaborations among major players will fuel the U.S. switchgear market. The major industry players are focusing on energy efficiency, smart grid, industrialization, and expansion of the transmission & distribution facilities with new product innovations and acquisitions has amplified the demand for switchgears.

Leading industry participants the regional market include

Siemens
ABB
General Electric
Schneider Electric
Mitsubishi Electric Corporation
Ormazabal
CG Power & Industrial Solutions Ltd
CHINT Group
HYOSUNG HEAVY INDUSTRIES
Hyundai Electric & Energy Systems Co., Ltd.
Powell Industries
Regal Rexnord Corporation
E+I Engineering
Fuji Electric Co., Ltd
Hitachi, Ltd
Eaton

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of U.S. switchgear surpassed USD 15.5 billion in 2022 and is expected to depict 5.7% CAGR during 2023 to 2032, says this GMI report.

The U.S. switchgear industry size from the insulation technology segment will expand by 2032 due to the increasing energy demand and the strengthening of T&D networks in the country.

The commercial switchgear sector in U.S. will grow at a substantial rate by 2032 due to the development of new industrial structures including offices, power plants, banks, and other commercial buildings.

Siemens, ABB, General Electric, Schneider Electric, Mitsubishi Electric Corporation, Ormazabal, CG Power & Industrial Solutions Ltd, CHINT Group, HYOSUNG HEAVY INDUSTRIES, Hyundai Electric & Energy Systems Co., Ltd., and Powell Industries.