Market Share of North America Low Voltage Switchgear Industry
The low voltage switchgear market is fragmented. Some of the key players in this market (not in a particular order) include ABB Ltd., Mitsubishi Electric Corporation, Schneider Electric, Rockwell Automation, and Toshiba Corporation, among others.
According to the Toshiba Corporation, the company’s strategic methods include, expaning company's manufacturing facilities that act as catalysts for the organic growth by increasing its solutions and high-value services offerings and capabilities. For instance, in March 2023, Siemens invested USD 32.61 million to expand its switchgear plant in Frankfurt-Fechenheim. A smart, fully automated high-speed warehouse and a 1,200 square-meter extension to an existing hall are being built on the 160,000 square-meter site.
North America Low Voltage Switchgear Market Leaders
ABB Ltd.
Schneider Electric
Siemens
Mitsubishi Electric Corporation
Rockwell Automation
*Disclaimer: Major Players sorted in no particular order
