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Asia Pacific Switchgear Market Trends

Report ID: GMI6637
Published Date: Dec 2024
Report Format: PDF

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Asia Pacific Switchgear Market Trends

One of the most prominent trends is the integration of digital technologies into switchgear systems. Smart switchgear equipped with IoT sensors, real-time monitoring, and predictive analytics capabilities is gaining traction. Utilities and industries are increasingly adopting these advanced systems to enhance grid reliability, efficiency, and automation. Digital switchgear helps in reducing downtime, optimizing maintenance schedules, and improving overall energy management. The rapid expansion of renewable energy projects, such as solar and wind farms, is driving the need for advanced switchgear capable of handling intermittent energy flows.

Governments in countries like China, India, and Australia are investing heavily in renewable energy infrastructure, which necessitates the deployment of high-performance switchgear that can manage fluctuating power loads while maintaining grid stability. Gas-insulated switchgear (GIS) is gaining popularity due to its compact design, reliability, and suitability for urban environments with limited space. Additionally, there is a growing focus on environmentally friendly alternatives to SF6 gas, traditionally used in switchgear. Several manufacturers are developing switchgear with alternative insulating gases that offer reduced greenhouse gas emissions, aligning with global sustainability goals.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The Asia Pacific market for switchgear was reached USD 61.1 billion in 2024 and is projected to grow at a 6.5% CAGR from 2025 to 2034, driven by rising urbanization, industrialization, and expanding power infrastructure.

The low voltage segment is expected to surpass USD 70.1 billion by 2034, fueled by the rapid expansion of commercial and industrial infrastructure and increasing urbanization across the region.

The vacuum-insulated switchgear segment is projected to grow at a CAGR of over 6.1% through 2034, owing to its superior safety, reliability, and eco-friendly characteristics, along with its ability to support renewable energy projects.

The China switchgear market is anticipated to exceed USD 35.1 billion by 2034, led by investments in power grid modernization, urban infrastructure development, and renewable energy expansion.

Key players in the market include ABB, Bharat Heavy Electricals, CG Power and Industrial Solutions, E + I Engineering, Eaton, Fuji Electric, General Electric, HD Hyundai Electric, Hitachi, Lucy Group, Mitsubishi Electric, Ormazabal, Schneider Electric, Siemens, Skema, and Toshiba.