Air Insulated Medium Voltage Switchgear Market Size - By Voltage, By Component, By End Use, By Application, Analysis, Share, & Forecast, 2025 - 2034

Air Insulated Medium Voltage Switchgear Market Size

The global air insulated medium voltage switchgear market was valued at USD 5.8 billion in 2024 and is estimated to grow at a CAGR 7.5% from 2025 to 2034, due to increased demand for reliable power distribution in industrial, commercial, and residential sectors, driving market expansion. AIS is favored for its robust and cost-effective design, making it suitable for applications where space and budget constraints are important considerations. The growing need for energy-efficient systems and infrastructure upgrades, particularly in emerging markets, also contributes to the market's growth.
 

Additionally, the rise of renewable energy sources such as wind and solar is boosting the demand for medium voltage switchgear to manage power integration into grids. Technological advancements in AIS, including enhanced safety features and automation, are attracting customers looking for advanced solutions. Furthermore, urbanization, infrastructure development, and government initiatives aimed at improving electrical grids and reducing carbon footprints are expected to further accelerate the adoption of AIS in various sectors.
 

Air Insulated Medium Voltage Switchgear Market Trends

Modernization of AIS systems have led to the incorporation of smart grid technologies, enhancing the overall efficiency and automation of power distribution. With the integration of digital communication capabilities, AIS systems are now capable of real-time monitoring, predictive maintenance, and remote control, improving operational efficiency and reducing downtime. The trend of using eco-friendly insulating materials is also growing, as manufacturers seek to reduce environmental impact.
 

The global transition toward renewable energy sources such as solar, wind, and hydro is driving the need for advanced medium voltage switchgear solutions. AIS is increasingly being used to manage the integration of renewable energy into power grids. As the energy mix diversifies, AIS helps to stabilize grid operations by ensuring that fluctuating renewable energy is safely distributed across the system. The rise of microgrids and distributed energy systems also relies on AIS for efficient power management. AIS is favored for its cost-effectiveness, particularly in terms of installation and maintenance. As industries focus on reducing capital expenditures and operational costs, AIS presents an affordable solution for medium voltage applications. Moreover, AIS requires less space compared to gas-insulated switchgear, making it ideal for installations in areas with limited space.
 

Air Insulated Medium Voltage Switchgear Market Analysis

Based on voltage, the  ≥ 21 kV to < 27 kV segment is anticipated to surpass USD 2.8 billion by 2034 since the increasing demand for reliable power supply in industrial facilities, manufacturing plants, and urban infrastructure is pushing the demand for switchgear systems in the ≥ 21 kV to < 27 kV range. These applications require medium voltage solutions for effective grid management, equipment protection, and smooth power distribution.
 

Based on component, the circuit breaker segment is projected to achieve a CAGR of over 6.8% through 2034, since they are essential for protecting electrical systems from faults, overloads, and short circuits. As industries and infrastructure projects grow, there is a rising need for reliable protection systems to prevent damage to equipment and ensure safety. The increasing frequency of electrical faults in power grids and industrial setups is pushing the demand for high-quality circuit breakers in AIS systems.
 

The U.S. air insulated medium voltage switchgear market is estimated to surpass USD 2 billion by 2034 since the U.S. is investing heavily in upgrading and modernizing its aging electrical infrastructure to meet the growing demand for electricity. As older grid systems are replaced or enhanced, AIS systems, particularly for medium voltage applications, are in high demand for improved efficiency, reliability, and safety. This infrastructure investment is a significant driver for the market's growth. The continued growth of urban areas and industrial sectors in the U.S. is driving the demand for medium voltage power distribution systems. As cities expand and new industrial hubs emerge, the need for efficient, reliable, and space-saving switchgear systems is increasing.
 

Asia Pacific is home to some of the world’s fastest-growing economies, including China, India, and several Southeast Asian nations. As industrial sectors expand and urban populations rise, there is a growing demand for dependable, efficient, and cost-effective power distribution solutions. Air Insulated switchgear (AIS) systems, which are well-suited for medium voltage applications, play a critical role in addressing the increasing power needs of these urban centers and industrial areas. The region's rapid urbanization and industrial growth are key factors driving the demand for AIS.
 

Air Insulated Medium Voltage Switchgear Market Share

Companies like Hitachi, General Electric, and Siemens hold a major share of the market, bolstered by their advanced technological capabilities, wide range of product offerings, and strong global presence. These industry leaders invest heavily in research and development, driving innovations in smart and digital air insulated medium voltage switchgear systems that enhance grid efficiency and reliability.
 

Air Insulated Medium Voltage Switchgear Market Companies

Major players operating in the industry are:

• ABB
• Bharat Heavy Electricals
• CG Power and Industrial Solutions
• E + I Engineering
• Eaton
• Fuji Electric
• General Electric
• HD Hyundai Electric
• Hitachi
• Hyosung Heavy Industries
• Lucy Group
• Mitsubishi Electric
• Ormazabal
• Schneider Electric
• Siemens
• Skema
• Toshiba
   

Air Insulated Medium Voltage Switchgear Industry News

• In November 2024, Mitsubishi announced plans to establish an advanced air insulated medium voltage switchgear manufacturing facility in Western Pennsylvania. The company, renowned for its secure and sustainable energy solutions, will invest USD 86 million in the project, resulting in the creation of 200 new jobs. This investment is driven by the growing demand for transmission and distribution grid products. The 160,000-square-foot plant will focus on producing vacuum and gas circuit breakers.
   

This air insulated medium voltage switchgear market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million and ‘‘000 Units’ from 2021 to 2034, for the following segments:

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Market, By Voltage

• ≥ 3 kV to < 9 kV
• ≥ 9 kV to < 15 kV
• ≥ 15 kV to < 21 kV
• ≥ 21 kV to < 27 kV
• ≥ 27 kV to < 33 kV
• ≥ 33 kV

Market, By Component

• Circuit Breakers
• Contactors
• Switches & Disconnector
• Fuses
• Others

Market, By End Use

• Power Stations
• Transformer Substations
• Local Electricity Supply
• Others

Market, By Application

• Residential
• Commercial
• Industrial
• Utility

The above information has been provided for the following countries across the region:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Russia
  • Spain
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Turkey
  • South Africa
  • Egypt
• Latin America
  • Brazil
  • Argentina