Asia Pacific Vacuum Insulated Switchgear Market Size

The Asia Pacific vacuum insulated switchgear market size was valued at USD 39.4 billion in 2024 and is estimated to grow at a CAGR 6.1% from 2025 to 2034 due to region's increasing demand for reliable and efficient electrical systems in industries such as power generation, distribution, and manufacturing.

The transition towards cleaner energy sources and the need for sustainable grid infrastructure are key factors propelling the adoption of VIS, as they offer superior performance in terms of insulation, durability, and safety. Moreover, growing urbanization, industrialization, and infrastructural development in emerging economies like China and India are contributing to higher demand for advanced switchgear solutions.

Government initiatives promoting energy efficiency and reducing carbon footprints are further fueling the market's expansion. The shift towards medium and high voltage applications in smart grid and renewable energy projects is also enhancing market prospects. Additionally, technological advancements, cost reductions, and increasing investments in electrical infrastructure are expected to drive sustained growth in the region.

Asia Pacific Vacuum Insulated Switchgear Market Trends

The Asia Pacific Vacuum Insulated Switchgear (VIS) industry is experiencing rapid growth, driven by a combination of technological advancements, increased industrialization, and the demand for energy-efficient solutions. The latest trends in the market highlight a shift towards modernization in electrical infrastructure and a growing emphasis on sustainability and reliability. The rise of smart grids across the Asia Pacific region is one of the key trends influencing the VIS market.

With countries like China, India, Japan, and South Korea heavily investing in upgrading their power grids, vacuum insulated switchgear is gaining prominence due to its ability to provide reliable protection, enhanced performance, and minimal maintenance. The demand for smart grids, which integrate advanced metering and monitoring systems, requires switchgear systems that are compact, efficient, and reliable.

VIS helps in reducing the physical space required for substations and ensures better fault isolation, contributing to more stable and efficient grids. The increasing focus on renewable energy sources such as solar, wind, and hydroelectric power is further driving the demand for vacuum insulated switchgear. As renewable energy installations become more widespread, grid operators are looking for reliable and high-performance solutions to integrate these variable sources into the grid. VIS is particularly suitable for handling high voltage switching and providing long-lasting performance in environments that demand consistent reliability, such as those found in renewable energy applications.

Asia Pacific Vacuum Insulated Switchgear Market Analysis

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Based on voltage, low voltage segments is anticipated to surpass USD 41.3 billion by 2034 due to the increasing demand for advanced electrical infrastructure in emerging economies, particularly in residential and commercial sectors. The growing need for efficient and compact switchgear solutions, along with the rising awareness of energy efficiency and safety standards, is driving this market. Additionally, the shift toward sustainable energy practices, including the integration of renewable energy sources, and the growing adoption of automation in electrical systems are expected to contribute to this market's growth.

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The current segment in the Asia Pacific vacuum insulated switchgear market is projected to achieve a CAGR of over 5.9% through 2034, due to its increased adoption in various industrial applications, driven by the need for more reliable, compact, and efficient electrical solutions. The Asia Pacific region's rapid industrialization, coupled with the expansion of the energy and power sectors, is propelling the demand for air-insulated switchgear (AIS). Additionally, the growth of renewable energy projects, such as wind and solar farms, is encouraging the integration of AIS for improved grid stability and safety.

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The China vacuum insulated switchgear market is projected to surpass USD 27.2 billion by 2034 due to the increasing demand for high-performance, space-saving, and safe electrical solutions in China's rapidly growing industrial and urban sectors. The rise in infrastructure development, including the expansion of power transmission and distribution networks, is a key driver of the market. China's commitment to modernizing its power grid and transitioning to smart grid technologies is further boosting the adoption of vacuum-insulated GIS, known for its reliability and ability to operate in extreme environmental conditions.

Asia Pacific, especially countries like China, India, Japan, and South Korea, is experiencing rapid industrial growth. This includes an expansion of the energy, manufacturing, and construction sectors, all of which require reliable and efficient electrical infrastructure. Vacuum insulated GIS offers the compact design and high performance needed for these fast-growing industries.

Asia Pacific Vacuum Insulated Switchgear Market Share

Leading companies like ABB and Siemens maintain their dominance in the Asia Pacific air-insulated switchgear industry by leveraging their technological expertise, extensive product portfolios, and strong global presence. They provide innovative solutions such as digital substations, which enable real-time monitoring, enhance automation, and support predictive maintenance—essential for ensuring grid stability and optimizing performance. Through continuous investment in research and development, these industry leaders introduce cutting-edge technologies that facilitate renewable energy integration and drive the adoption of smart grid solutions.

Asia Pacific Vacuum Insulated Switchgear Market Companies

Major players operating in the Asia Pacific vacuum insulated switchgear industry are:

• 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
• Toshiba
  

Asia Pacific Vacuum Insulated Switchgear Industry News

• In April 2024, Schneider Electric and Digital Realty launched a circular economy initiative at the Paris 5 (PAR5) data center. This partnership aims to extend the lifespan of critical systems at PAR5, including Schneider Electric's low-voltage (LV) and low-voltage (MV) electrical equipment, HV gas insulated switchgear, and UPS units. The project underscores Digital Realty's commitment to advancing its environmental, social, and governance (ESG) objectives.
  

Asia Pacific vacuum insulated switchgear market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘USD Million’ and ‘Units’ from 2021 to 2034, for the following segments:

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Market, By Voltage

• Low
• Medium
• High

Market, By Current

• AC
• DC

Market, By Application

• Residential
• Commercial & Industrial
• Utility

The above information has been provided for the following countries:

• China
• Australia
• India
• Japan
• South Korea