Market Share of Europe Medium Voltage Switchgear Industry
The Europe medium voltage switchgear market is fragmented. Some of the key players in this market (in no particular order) are ABB Ltd, Schneider Electric, Siemens AG, Eaton Corporation, and Mitsubishi Electric Corporation., among others.
In November 2023, ABB and the European Investment Bank (EIB) signed a USD 540 million financing agreement to support ABB’s research and development in its Electrification business area. ABB intends to utilize the EIB funding to design and develop next-generation electrical distribution solutions. Development efforts will include eco-friendly switchgear, solid-state circuit breakers, and technology that improves building efficiency and automation. The funding is going to support R&D projects in Finland, Germany, Italy, the Czech Republic, Norway, Switzerland, Poland, and several other European countries.
Europe Medium Voltage Switchgear Market Leaders
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ABB Ltd
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Schneider Electric
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Siemens AG
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Eaton Corporation
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Mitsubishi Electric Corporation.
*Disclaimer: Major Players sorted in no particular order
