Europe Pad-mounted Switchgear Market Size & Outlook
The pad-mounted switchgear market in Europe is expected to reach a projected revenue of US$ 3,582.1 million by 2030. A compound annual growth rate of 6.1% is expected of Europe pad-mounted switchgear market from 2024 to 2030.
Revenue, 2023 (US$M)
$2,364.6
Forecast, 2030 (US$M)
$3,582.1
CAGR, 2024 - 2030
6.1%
Report Coverage
Europe
Europe pad-mounted switchgear market highlights
- The Europe pad-mounted switchgear market generated a revenue of USD 2,364.6 million in 2023.
- The market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, air-insulated was the largest revenue generating product in 2023.
- Air-insulated is the most lucrative product segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 2,364.6 million |
| Market revenue in 2030 | USD 3,582.1 million |
| Growth rate | 6.1% (CAGR from 2024 to 2030) |
| Largest segment | Air-insulated |
| Fastest growing segment | Air-insulated |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Air-insulated |
| Key market players worldwide | ABB Ltd, S&C Electric Company, Eaton Corp PLC, G&W Electric, Hubbell Power Systems, Electro-Mechanical Corporation, Powell Industries Inc, Scott Technology Ltd |
Other key industry trends
- In terms of revenue, Europe region accounted for 36.7% of the global pad-mounted switchgear market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 3,582.1 million by 2030.
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Pad-Mounted Switchgear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Scott Technology Ltd | View profile | 633 | 630 Kaikorai Valley Road, Dunedin, OTA, New Zealand, 9011 | https://www.scottautomation.com |
| Electro-Mechanical Corporation | View profile | 501-1000 | Bristol, Virginia, United States, North America | https://www.electro-mechanical.com/ |
| G&W Electric | View profile | 501-1000 | Blue Island, Illinois, United States, North America | http://www.gwelec.com/ |
| S&C Electric Company | View profile | 1001-5000 | Chicago, Illinois, United States, North America | https://www.sandc.com/en |
| Hubbell Power Systems | View profile | 1001-5000 | Lenoir City, Tennessee, United States, North America | http://www.hubbellpowersystems.com |
| Powell Industries Inc | View profile | 2363 | 8550 Mosley Road, Houston, TX, United States, 77075-1180 | https://www.powellind.com |
| Eaton Corp PLC | View profile | 94000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | https://www.eaton.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
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