SWITCHGEAR MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025-2032)

Switchgear Market, By Voltage (Low Voltage, Medium Voltage, and High Voltage), By Insulation (Gas Insulated Switchgear (GIS), Air Insulated Switchgear (AIS), and Other Insulation Types), By Installation (Indoor and Outdoor), By End User Application (Commercial, Residential, and Industrial), By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Published In: 04 Dec, 2025
Code: CMI5734
Pages: 135
Formats: Excel and PDF
Industry: Industrial Automation and Machinery
- Historical Range: 2020 - 2024
- Forecast Period: 2025 - 2032

The term “switchgear” is derived from the fact that it comprises devices that enable switching and disconnection of electrical power to other circuits or loads. There are different types of switchgear, each designed to handle a specific voltage. These include low voltage (LV), medium voltage (MV), and high voltage (HV). There are many benefits to installing switchgear in a power system. These include boosting reliability, improving dependability, and enhancing interconnection. The most important of these is the ability to isolate faulty areas from healthy sections in the power system when a problem occurs.

Market Dynamics

The escalating demand for small-sized substations that require less space is expected to drive growth of the global switchgear market during the forecast period. The growing need for renewable energy, rising standards to control carbon emissions, and increasing awareness of consumers towards renewable energy generation are also likely to boost the market growth.

However, high cost and functional disadvantages of this equipment is anticipated to restraint growth of the global switchgear market over the forecast period.

Key features of the study

This report provides in-depth analysis of the global switchgear market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period 2025-2032, considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global switchgear market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include ABB Ltd., Fuji Electric Co. Ltd., Havells India Ltd., Powell Industries, Mitsubishi Electric Corporation, CG Power and Industrial Solutions Limited, Schneider Electric, Hitachi Ltd., Siemens AG, Meidensha Corporation, Eaton Corporation PLC, and Toshiba International Corporation (Toshiba Corporation)
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global switchgear market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global switchgear market

Market Segmentation

Global Switchgear Market, By Voltage
- Low Voltage
- Medium Voltage
- High Voltage
Global Switchgear Market, By Insulation
- Gas Insulated Switchgear (GIS)
- Air Insulated Switchgear (AIS)
- Other Insulation Types
Global Switchgear Market, By Installation
- Indoor
- Outdoor
Global Switchgear Market, By Application
- Commercial
- Residential
- Industrial
Global Switchgear Market, By Geography
- North America
  - U.S.
  - Canada
- Latin America
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
- Europe
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
- Asia Pacific
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
- Middle East & Africa
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa
Key Companies Insights
- ABB Ltd.
- Fuji Electric Co. Ltd.
- Havells India Ltd.
- Powell Industries
- Mitsubishi Electric Corporation
- CG Power and Industrial Solutions Limited
- Schneider Electric
- Hitachi Ltd.
- Siemens AG
- Meidensha Corporation
- Eaton Corporation PLC
- Toshiba International Corporation (Toshiba Corporation)

Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
Market Purview
- Report Description
  - Market Definition and Scope
- Executive Summary
  - Market Snapshot, By Voltage
  - Market Snapshot, By Insulation
  - Market Snapshot, By Installation
  - Market Snapshot, By Application
- Coherent Opportunity Map (COM)
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
  - Drivers
    - Growing infrastructure of smart electricity grid
    - Increasing government initiatives
  - Restraints
    - Stringent regulations towards safety and environment
    - Functional disadvantages of switchgear systems
  - Opportunities
    - Increasing penetration of advanced technologies such as Internet of Things (IoT) and Smart technologies
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
Global Switchgear Market, By Voltage, 2020-2032, (USD Mn)
- Introduction
  - Market Share Analysis, 2025 and 2032 (%)
  - Y-o-Y Growth Analysis, 2025 – 2032
  - Segment Trends
- Low Voltage
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(USD Mn)
- Medium Voltage
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(USD Mn)
- High Voltage
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(USD Mn)
Global Switchgear Market, By Insulation, 2020-2032, (USD Mn)
- Introduction
  - Market Share Analysis, 2025 and 2032 (%)
  - Y-o-Y Growth Analysis, 2025 – 2032
  - Segment Trends
- Gas Insulated Switchgear (GIS)
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(USD Mn)
- Air Insulated Switchgear (AIS)
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(USD Mn)
- Other Insulation Types
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(USD Mn)
Global Switchgear Market, By Installation, 2020-2032, (USD Mn)
- Introduction
  - Market Share Analysis, 2025 and 2032 (%)
  - Y-o-Y Growth Analysis, 2025 – 2032
  - Segment Trends
- Indoor
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(USD Mn)
- Outdoor
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(USD Mn)
Global Switchgear Market, By Application, 2020-2032, (USD Mn)
- Introduction
  - Market Share Analysis, 2025 and 2032 (%)
  - Y-o-Y Growth Analysis, 2021– 2032
  - Segment Trends
- Commercial
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(USD Million)
- Residential
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(USD Million)
- Industrial
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(USD Million)
Global Switchgear Market, By Region, 2020-2032, (USD Mn)
- Introduction
  - Market Share Analysis, By Country, 2025 and 2032 (%)
  - Y-o-Y Growth Analysis, For Country 2021 - 2032
  - Country Trends
- North America
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Voltage, 2020-2032,(USD Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Insulation, 2020-2032,(USD Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Installation, 2020-2032,(USD Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(USD Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032 (USD Mn)
    - U.S.
    - Canada
- Europe
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Voltage, 2020-2032,(USD Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Insulation, 2020-2032,(USD Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Installation, 2020-2032,(USD Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(USD Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032 (USD Mn)
    - U.K.
    - Germany
    - Italy
    - France
    - Spain
    - Russia
    - Rest of Europe
- Asia Pacific
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Voltage, 2020-2032,(USD Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Insulation, 2020-2032,(USD Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Installation, 2020-2032,(USD Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(USD Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032 (USD Mn)
    - China
    - India
    - Japan
    - ASEAN
    - Australia
    - South Korea
    - Rest of Asia Pacific
- Latin America
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Voltage, 2020-2032,(USD Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Insulation, 2020-2032,(USD Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Installation, 2020-2032,(USD Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(USD Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032 (USD Mn)
    - Brazil
    - Argentina
    - Mexico
    - Rest of Latin America
- Middle East & Africa
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Voltage, 2020-2032,(USD Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Insulation, 2020-2032,(USD Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Installation, 2020-2032,(USD Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(USD Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Country/ Region, 2020-2032 (USD Mn)
    - Middle East
    - Africa
Competitive Landscape
- ABB Ltd.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Havells India Ltd.
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- Mitsubishi Electric Corporation
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- Schneider Electric
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- Siemens AG
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- Eaton Corporation PLC
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- Toshiba International Corporation (Toshiba Corporation)
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- Meidensha Corporation
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- Hitachi Ltd.
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- CG Power and Industrial Solutions Limited
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- Powell Industries
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- Fuji Electric Co. Ltd.
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- Analyst Views
Section
- Research Methodology
- About us

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