Top Switchgear Companies

The switchgear market is estimated to be valued at USD 103.71 billion in 2025 and is projected to reach USD 136.65 billion by 2030, growing at a CAGR of 5.7% during the forecast period of 2025–2030. The global switchgear market is expected to grow significantly due to rising investments in power infrastructure, increasing integration of renewable energy, rapid urbanization, and the ongoing modernization of aging electrical grids.

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A few major players that have a wide regional presence dominate the switchgear market. The leading players in the switchgear market include ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton (Ireland), and Hitachi, Ltd. (Japan). Prominent corporations have employed various growth methods, including acquisitions, product launches, agreements, investment contracts, and expansions, to enhance their market share in the switchgear market. In June 2024, Siemens invested USD 115 million in its Frankfurt switchgear plant to expand its production capacity and advance sustainable technologies. The initiative will support the manufacturing of Siemens' SF6-free 8DAB–blue GIS medium-voltage switchgear, which uses climate-neutral Clean Air insulation, reinforcing Siemens' commitment to sustainable and digital power distribution solutions. In March 2025, ABB expanded the production capacity of its low-voltage electrification products in the US. The expansion will enable ABB to meet increasing customer demand in key growth industries, including data centers, buildings, and utilities.

ABB (Switzerland) is a global technology leader focused on electrification and automation, enabling a more sustainable and resource-efficient future. With a rich industrial legacy spanning over 130 years, ABB has cemented its position as a key player in power transmission and distribution, particularly through its Electrification Business Area, which encompasses its switchgear portfolio. The company's strategy revolves around digital transformation, energy efficiency, and renewable integration, aligning perfectly with the growing global demand for reliable and intelligent electrical infrastructure. ABB's solutions cater to utilities, industries, transportation, data centers, and infrastructure projects worldwide. The company operates through four business segments. ABB offers an extensive suite of switchgear solutions across low-, medium-, and high-voltage segments, designed for AC and DC systems. The company markets System Pro E power and Tmax XT series for low-voltage applications, delivering smart circuit protection for commercial, residential, and industrial use. Its medium-voltage portfolio features well-known brands like UniGear, SafePlus, ZX0, and ZX2, designed for a wide range of applications from primary distribution to secondary substations. Geographically, ABB operates in over 100 countries with a robust network of manufacturing facilities, service centers, and R&D hubs spread across Europe, Asia, the Americas, and the Middle East.

Siemens (Germany) is one of the world's leading industrial manufacturing and technology companies, with a history spanning over 175 years. The company operates through several core segments, including Siemens Healthineers, Smart Infrastructure, Digital Industries, and Mobility. Within the Smart Infrastructure segment—which houses its switchgear offerings—Siemens plays a pivotal role in shaping the global electrification and automation landscape. Its robust R&D capabilities, commitment to sustainability, and focus on digitalization position Siemens as a global innovator and trusted provider of next-generation electrical distribution and protection systems. Smart Infrastructure includes energy systems, building technologies, and digital solutions to create intelligent and sustainable infrastructure. It focuses on integrating the physical and digital worlds to optimize energy efficiency, enhance building performance, and support the transition to a low-carbon economy. Siemens operates in over 190 countries, with a strong manufacturing and service footprint across Europe, North America, Asia Pacific, the Middle East, Africa, and South America.

Market Ranking

The switchgear market is highly competitive, with five main players collectively holding 20–25% of the total market share. ABB drives the global switchgear market with advanced technologies aimed at sustainable electrification and industrial automation. Eaton supports the sector through its energy-efficient power management solutions tailored for diverse electrical applications. Schneider Electric leads in digital automation and energy management, enhancing operational efficiency and sustainability in switchgear systems. Siemens plays a pivotal role by integrating electrification, automation, and digitalization into modern switchgear infrastructure. Hitachi, Ltd. contributes innovative IT and infrastructure solutions that support high-performance and reliable switchgear operations. The remaining 75–80% of the market is shared among other regional and emerging vendors, contributing to extensive fragmentation and offering opportunities for smaller players to establish a footprint. Rapid technological advancements and the need for product differentiation drive market competition. Key players focus on innovation, pricing, and expanding regional presence to gain a competitive edge.

Related Reports:

Switchgear Market by Insulation (Gas-insulated, Air-insulated), Installation (Indoor, Outdoor), Current (AC, DC), Voltage (Low, Medium, High), End User (T&D Utilities, Industries, Commercial & Residential, Data center) and Region - Global Forecast to 2030recast to 2020

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