Market Share of Europe Switchgear Industry
The European switchgear market is fragmented and competitive due to various established and regional switchgear manufacturers. The key players are involved in multiple strategies such as mergers and acquisitions and product innovations to gain a competitive edge over others.
- May 2022: Iberdrola, headquartered in Bilbao, Spain, is one of the world's largest electric utilities and wind power providers, to become carbon neutral in Europe by 2030. It is systematically adopting its ecologically friendly business approach to attain this goal. The power distribution unit of Iberdrola Group has commissioned Siemens Smart Infrastructure to supply its sustainable medium-voltage switchgear to the northern Spanish province of Burgos.
- June 2022: ABB, a global technology business, has invested EURO 700,000 in the first test facility of its kind in Europe to energize medium-voltage (MV) switchgear. The chamber will test the switchgear stability in all stimulated harsh conditions, including temperatures as low as minus 50 degrees Celsius and as high as 80 degrees Celsius, as well as 0-100 percent humidity and water condensation.
- June 2021: Vattenfall, a multinational company in Sweden, intends to construct a new large-scale warehouse to hold main components and spare parts for its wind farms in the United Kingdom, Scandinavia, and Northern Europe. Gearboxes, generators, transformers, shafts, blades, array cables, and switchgear will be stored near Esbjerg, Denmark.
Europe Switchgear Market Leaders
ABB Ltd.
Honeywell Automation Inc
Rockwell Automation
Schneider Electric
Siemens AG
*Disclaimer: Major Players sorted in no particular order
