Last Updated: 23-07-2025 | Format: PDF | Report ID:10565 | Author: Lily
| Key Market Question | Answer |
|---|---|
| What is the market size in 2025? | Revenue (USD Million) |
| What is the projected market size by 2035? | $2,110 Million |
| What is the market CAGR from 2025 to 2035? | 6.8% |
| Which region dominates the market? | United States (68%) |
| Which product/service type dominates the market? | Vacuum Circuit Breakers (37%) |
| Which application leads the market? | Utilities (36%) |
| Who are the major buyers? | Utilities (39%), OEMs & System Integrators (32%) |
| What are the key market growth drivers? | Rising infrastructure investments in grid modernization and the renewal of aging transmission and distribution systems—exemplified by ABB's 2024 contracts for utility upgrades; Expansion of industrial automation and renewable power sector |
| What are the major market challenges? | Supply chain volatility for critical raw materials; Complex regulatory pathways and regional certification |
| What is the forecast period? | 2026–2035 |
Study period:
2020-2035
Base year:
2026
Historical data
2020-2024
NO OF PAGE:
167
What You Get:
| Who are the key market players? |
| ABB, Siemens, Eaton, Mitsubishi Electric, Toshiba, Meidensha Corporation, CG Power and Industrial Solutions, Schneider Electric, General Electric, Driescher, Eaton Corporation, Wuhan Feite Electric, Shaanxi Baoguang Vacuum Electric Device, Turner Electric, Jiangsu Yuguang Vacuum Electric |
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