According to Expert Market Research, the top switchgear companies are ABB Ltd., Mitsubishi Electric Corporation, Siemens AG, Eaton Corporation plc, Toshiba Energy Systems & Solutions Corporation, and Hitachi, Ltd. The global market for Industrial Automation Switches was estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2024-2030. 12 Million in 2024, projected to reach USD 31071. 3% during the forecast from 2026 to 2035. Switchgear Market Size, Share and Growth Analysis Report - Forecast.