Air Insulated Switchgear Market Size - By Voltage, By Application Analysis, Growth Forecast, 2024 – 2032

Air Insulated Switchgear Market Size

The global air insulated switchgear market was valued at USD 9.1 billion in 2023 and is estimated to grow at a CAGR of over 8.1% from 2024 to 2032, driven by increasing demand for reliable and safe power distribution across industrial, commercial, and utility sectors. Also, rapid urbanization, infrastructure development, and expansion of renewable energy projects have intensified the need for efficient and sustainable switchgear systems. Governments' focus on upgrading power grids, particularly in emerging economies, further boosts market growth.
 

Moreover, market players are investing in innovations like compact, modular designs, enhanced safety, and smart monitoring to boost efficiency in air insulated switchgear. For instance, in October 2023, Siemens expanded its sustainable and digital switchgear offerings with the introduction of the 24kV primary distribution system. This new switchgear enhances energy efficiency and reliability while reducing environmental impact.
 

Air Insulated Switchgear Market Trends

The air insulated switchgear industry is witnessing notable trends including a shift toward smart grid integration and digitalization. There is also a growing demand for eco-friendly switchgear, driven by stricter environmental regulations and the need to reduce carbon footprints. For instance, in April 2024, Biden-Harris administration announced key actions to enhance America's electric grid, committing USD 10 billion to support clean energy projects. Additionally, compact and modular designs are gaining popularity, allowing easier installation and scalability in urban and industrial applications, further driving market expansion.
 

Air Insulated Switchgear Market Analysis

The medium and high voltage segment is likely to exceed USD 10 billion by 2032. As industries grow and urbanization increases, the demand for dependable power distribution systems that can efficiently manage higher voltage levels is rising. The trend toward smart grids and digital solutions is also influencing this segment, as operators seek integrated systems that facilitate monitoring and automation. Furthermore, regulatory frameworks promoting renewable energy are boosting the installation of high-voltage switchgear in solar and wind power projects, contributing to market growth.
 

The commercial & industrial sector is projected to grow at a CAGR of over 8% through 2032. Increasing focus on renewable energy projects, particularly solar and wind, is leading to surge in installations, as these applications require robust switchgear for efficient grid integration. Additionally, rise in smart grid initiatives is pushing for advanced air insulated systems that offer automation and remote monitoring capabilities. Moreover, trend toward urban infrastructure development requires compact and modular designs for easy installation in limited spaces, further driving growth in this application segment.
 

The U.S. air insulated switchgear market is set to cross USD 2.5 billion by 2032, driven by increasing investments in infrastructure modernization and transition to renewable energy sources. Also, rise of smart grid technologies is further influencing market dynamics, with a focus on automation, real-time monitoring, and improved safety features. Moreover, regulatory support and federal incentives for renewable energy projects are expected to stimulate further growth, particularly in solar and wind applications.
 

The air insulated switchgear market across Europe is projected to grow substantially, propelled by increasing investments in renewable energy and grid modernization. The focus on sustainability promotes eco-friendly designs and efficient systems. Additionally, regulatory initiatives support the integration of smart grid technologies, enhancing automation and monitoring capabilities across various sectors, including utilities and industry.
 

Air Insulated Switchgear Market Share

ABB holds the largest market share in the air insulated switchgear industry owing to its strong global presence, diverse product portfolio, and focus on innovation. The company offers a range of reliable and efficient switchgear solutions that cater to various applications, including industrial, utility, and commercial sectors. ABB's emphasis on sustainable energy solutions and technological advancements further strengthens its competitive position in the market.
 

Air Insulated Switchgear Market Companies

Major players operating in the air insulated switchgear industry are:

• ABB
• Alfanar Group
• Beijing Sojo Electric Company
• Chint Group
• Eaton
• General Electric
• Hitachi Energy
• Lucy Group
• Mitsubishi Heavy Industries
• RITTER Starkstromtechnik
• S&C Electric Company
• Schneider Electric
• Shanghai Delixi Group
• Siemens
• Toshiba Corporation

Air Insulated Switchgear Industry News

• In July 2024, Mitsubishi Electric Corporation announced a contract from Kansai Transmission and Distribution in Osaka for its new 84kV dry air insulated switchgear. This eco-friendly product, designed for substation gas-insulated switchgear (GIS), operates without greenhouse gases. Mitsubishi Electric is the first Japanese company to develop such a GIS, manufacturing key components like vacuum interrupters and circuit breakers in-house. This achievement highlights Mitsubishi's commitment to sustainable technology and vertical integration in the power distribution sector.
   
• In September 2023, ABB launched its latest and narrowest air-insulated switchgear (AIS) medium-voltage technology at ADIPEC 2023, designed with enhanced sustainability targets. This innovation focuses on optimizing space and improving operational efficiency while supporting the transition to renewable energy sources. The new switchgear is part of ABB's commitment to delivering eco-friendly solutions that meet the evolving demands of the energy sector.
   

This air insulated switchgear market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) and volume (‘000 Units) from 2021 to 2032, for the following segments:

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Market, By Voltage

• Medium voltage
• High voltage

Market, By Application

• Residential
• Commercial & industrial
• Utility

The above information has been provided for the following regions and countries:

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