Home > Energy & Power > Electrical Equipment > Switchgears > U.S. Switchgear Market

U.S. Switchgear Market Trends

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

Download Free Sample

U.S. Switchgear Market Trends

The industry outlook will be complemented by the rising need for upgrading current electrical infrastructure and rising investments in grid infrastructure. A favorable business environment has been further incorporated by the lack of efficient & dependable electric networks in emerging countries and the shifting preference for the improvement of existing infrastructure in developed countries.

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.