Market Research Report

Global Switchgear Market Report By Insulation (Gas-insulated Switchgears, Air-insulated Switchgears, Others), By Installation (Indoor, Outdoor), By Voltage (Low (Up To 1 KV), Medium (2-36 KV), High (Above 36 KV)), By Current (AC, DC), By End User (Transmission & Distribution Utilities, Industries, Commercial & Residential, Other End Users) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2022-2030

September 2023

Frequently Asked Questions (FAQs) about this Report

In 2021, the global market size for switchgear was worth USD 150 Billion.

Between 2023 and 2028, the worldwide switchgear market growth is projected to be nearly 8%.

Asia Pacific accounts for the largest market share of the global switchgear market.

The global switchgear market is segmented by Insulation (Gas-insulated Switchgears, Air-insulated Switchgears, Others), by Installation (Indoor, Outdoor), by Voltage (Low (Up To 1 KV), Medium (2–36 KV), High (Above 36 KV)), by Current (AC, DC), by End User (Transmission & Distribution Utilities, Industries, Commercial & Residential, Other End Users).

The leading players in the global switchgear market are ABB (Switzerland), Schneider Electric (France), Hyundai Electric (South Korea), Siemens (Germany), General Electric (US), Mitsubishi Electric (Japan), Eaton (Ireland), Legrand (France), Fuji Electric (Japan), Hitachi (Japan), Toshiba (Japan), Lucy Electric (UK), Hubbell (US), BHEL (India), Powell (US), Havells (India), Pluton Rail Pty Ltd. (Australia), Sécheron (Switzerland), Hyosung (South Korea), ELEKTROBUDOWA (Poland), LS Electric Co., Ltd. (South Korea), Myers Power Products Inc. (US), Yueqing Liyond Electric Co. Ltd. (China), CG Power and Industrial Solutions (India), and ENTEC Electric & Electronic (South Korea).
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Objectives of Study
  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments
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Key questions answered by the report

  • What is the current market size and trends?
  • What will be the market size during the forecast period?
  • How various market factors such as a driver, restraints, and opportunity impact the market?
  • What are the dominating segment and region in the market and why

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