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The leading players in the switchgear market include ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton (Ireland), and Hitachi, Ltd. (Japan).
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To know about the assumptions considered for the study download the pdf brochure 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).
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.
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.
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.
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