The global DC switchgear market is anticipated to grow at a CAGR of 6.2% during the forecast period. The demand for safe and secure electrical distribution systems across the globe is one of the major growth factors for the DC switchgear market. The governments of developing countries are investing in increasing their electrification rate by providing electricity access to remote villages. As per the International Energy Agency (IEA), 1.7 billion people are expected to gain access to electricity by 2030. These advances will boost demand for smart electronic products like smart DC switchgear in the forthcoming years.
The Indian government announced that it will reach net zero emissions by 2070 and meet fifty percent of its electricity requirements from renewable energy sources by 2030. Such initiatives will augment the rapid development of electric grid infrastructure that will further increase the adoption of smart electric DC switchgear. Apart from these, the collaboration among market players has also increased the market growth. For instance, in Dec 2021, Schneider Electric agreed with Minesto to develop and build ocean energy farms based on Minesto’s Deep Green technology. Likewise, in June 2020, ABB announced a collaboration with an Italian switchgear designer for a significant water purification plant in Northern Italy to provide technology for the expansion of a cooperative water purification plant.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Voltage
- By Deployment Type
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- ABB Ltd, Siemens AG, Eaton Corporation, Hitachi Group, General Electric, Schneider Electric, Sécheron, LS ELECTRIC, Mitsubishi Electric Corp, among others.
DC Switchgear Market Report by Segment
By Voltage
- Up to 750 V
- 1,800 V to 3,000 V
- 3,000 V to 10 kV
- Above 10 kV
By Deployment Type
- Fixed Mounting
- Plug-In
- Withdrawable Units
By Application
- Railways
- Power Generation
- EV Charging Infrastructure
- Marine
- Others
A full Report of DC Switchgear Market is Available @ https://www.omrglobal.com/industry-reports/dc-switchgear-market
DC Switchgear Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- ABB, Ltd.
- Brush Group
- Chint Electric Co., Ltd.
- DAQO Group
- Eaton Corp.
- ENTEC Electric & Electronic
- FLOHE GmbH
- General Electric Co.
- Hitachi Energy, Ltd.
- Industrial Electric Mfg.
- KDM Steel
- L&T Electrical & Automation
- LS ELECTRIC Co., Ltd.
- Mass-Tech Controls Pvt. Ltd.
- Myers Power Products, Inc.
- Ningbo Tianan (Group) Co., Ltd.
- Noja Power Switchgear Pvt. Ltd.
- PLUTON Rail Pty Ltd.
- Powell Industries
- Schaltbau GmbH
- Schneider Electric SE
- Sécheron
- Siemens AG
- Toshiba Infrastructure Systems & Solutions Corp.
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