Market Share of Switchgear Industry
The switchgear market is fragmented, with key players such as ABB Ltd, Havells India Ltd, Mitsubishi Electric Corporation, Schneider Electric, and Siemens AG. Players are adopting strategies such as partnerships, innovations, and acquisitions to enhance product offerings and gain a sustainable competitive advantage.
In April 2024, Schneider Electric partnered with Digital Realty to introduce a new circular economy project at its Paris 5 (PAR5) data center. This initiative aims to extend the lifespan of critical systems at PAR5, such as Schneider Electric's low-voltage (LV) and medium-voltage (MV) electrical equipment, switchgear, and UPS units, in alignment with Digital Realty's Environmental, Social, and Governance (ESG) goals.
March 2024: HELB is an authorized partner of international manufacturers specializing in low-voltage switchgear cabinets. The company provides users with a comprehensive technical solution from start to finish, including design, production, installation, and commissioning. HELB partnered with Siemens to produce Sivacon S8 switchgear to meet market needs and industry trends. Sivacon S8 is a commonly employed electrical distribution system for distributing electrical energy in industrial plants and commercial facilities.
Switchgear Market Leaders
-
Schneider Electric
-
Mitsubishi Electric Corporation
-
Siemens AG
-
ABB Ltd
-
Havells India Limited.
*Disclaimer: Major Players sorted in no particular order
