Switchgear Market

ABB Ltd. (Switzerland) and Siemens AG (Germany) are the Leading players in the Switchgear Market

The global switchgear market is projected to reach USD 88.5 billion by 2025 from an estimated USD 67.5 billion in 2020, at a post COVID-19 CAGR of 5.5% during the forecast period. Replacement of aging power infrastructure along with growing investments in renewable energy is expected to drive the switchgear market.

A few major players that have a wide regional presence dominate the switchgear market. The leading players in the switchgear market include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), GE (US), and Eaton (Ireland).  

The major strategies adopted by these players include contracts & agreements ,new product launches, investments & expansions, mergers & acquisitions, joint ventures, and partnerships & collaborations.

To know about the assumptions considered for the study download the pdf brochure

ABB is a technology leader in electrification products, power grids, industrial automation, and robotics for industries such as Utilities, Transport, and Infrastructure. The company operates its business through 4 segments, namely Electrification Products, Robotics and Discrete Automation, Industrial Automation, and Motion. It provides switchgear under its Electrification Products business segment. Under the same segment, ABB also offers services, products, and connected solutions across the electricity value chain from the substation to global consumption. Some of the other products offered by the company under the Electrification Products segment are circuit breakers, switchgear, sensing devices, solar power solutions, and EV charging infrastructure. ABB has a strong global presence with its corporate research centers in 7 countries, namely China, Germany, India, Poland, Sweden, Switzerland, and the US. It operates in more than 100 countries and has more than 300 manufacturing plants located in these countries. It has more than 80 subsidiaries globally, such as ABB N.V. and ABB Xiamen Low Voltage Equipment. The company has been adopting both organic and inorganic strategies to sustain its position in the gas-insulated switchgear market. For instance, in January 2018, it established a manufacturing center in India to strengthen its position is the Asian market.

Siemens is a major technology company with core business activities in the field of electrification, automation, and digitalization. The company operates its business through 8 business divisions, which include power and gas, healthineers, energy management, digital factory, mobility, Siemens Gamesa renewable energy, process industries and drives, and building technologies. The company offers switchgears under its energy management segment. The company’s energy management segment also includes the development of intelligent, digitally managed power transmission & distribution infrastructure. The segment provides products, systems, solutions, and services for transmission & distribution, management, and control of electricity. Its electrification product portfolio under this segment ranges from low voltage to ultra-high voltage transmission grid and switchgear. Siemens operates worldwide in more than 200 countries and operates in 289 major production and manufacturing plants worldwide. The company has many operating and holding subsidiaries around the globe, including VA TECH Transmission & Distribution (Thailand), Siemens Switchgear (China), Siemens Transmission & Distribution (UK), Siemens Medium Voltage Switching (China), Siemens Transmission & Distribution (France), Siemens High Voltage Circuit Breaker (China). The company is focusing towards organic strategy to enhance its revenue. For instance, in March 2020, Siemens launched the eco-friendly medium-voltage switchgear 8DJH 12, which is expected to create demand due to environmental concerns. Thus, continuous efforts to upgrade its existing product portfolio along with constant innovation are likely to help the company maintain its position in the market.

Related Reports:

Switchgear Market By Insulation (Gas Insulated, Air Insulated), By Installation (Indoor, Outdoor) By End-Users (T&D Utilities, Industries, Commercial & Residential, Others), By Voltage (Low, Medium, High), and Region–Global Forecast to 2025

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Report Code
EP 3021
RI Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Switchgear Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2020 MarketsandMarkets Research Private Ltd. All rights reserved