Global Switchgears Market to Reach $101.2 Billion by 2030
The global market for Switchgears estimated at US$69.1 Billion in the year 2022, is projected to reach a revised size of US$101.2 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030. Low Voltage, one of the segments analyzed in the report, is projected to record a 4.6% CAGR and reach US$48.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Medium Voltage segment is readjusted to a revised 5.5% CAGR for the next 8-year period.The U.S. Market is Estimated at $18.8 Billion, While China is Forecast to Grow at 8.1% CAGR
The Switchgears market in the U.S. is estimated at US$18.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$21.7 Billion by the year 2030 trailing a CAGR of 8.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$13.8 Billion by the year 2030.Select Competitors (Total 124 Featured) -
- ABB Ltd.
- CG Power and Industrial Solutions Ltd.
- Eaton Corporation PLC
- Fuji Electric Co., Ltd.
- Hitachi Industrial Equipment Systems Co., Ltd.
- Hubbell Power Systems, Inc.
- Hyosung Corporation
- Iljin Electric
- Larsen & Toubro Ltd.
- Meidensha Corporation
- Mitsubishi Electric Corporation
- Ormazabal
- Powell Industries, Inc.
- Rittal GmbH & Co. KG
- Schneider Electric SA
- Siemens AG
- Toshiba Transmission & Distribution Systems (India) Pvt., Ltd.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- CG Power and Industrial Solutions Ltd.
- Eaton Corporation PLC
- Fuji Electric Co., Ltd.
- Hitachi Industrial Equipment Systems Co., Ltd.
- Hubbell Power Systems, Inc.
- Hyosung Corporation
- Iljin Electric
- Larsen & Toubro Ltd.
- Meidensha Corporation
- Mitsubishi Electric Corporation
- Ormazabal
- Powell Industries, Inc.
- Rittal GmbH & Co. KG
- Schneider Electric SA
- Siemens AG
- Toshiba Transmission & Distribution Systems (India) Pvt., Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 223 |
Published | May 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 69.1 Billion |
Forecasted Market Value ( USD | $ 101.2 Billion |
Compound Annual Growth Rate | 4.9% |
Regions Covered | Global |