Home > Energy & Power > Electrical Equipment > Switchgears > Asia Pacific Vacuum Insulated Switchgear Market

Asia Pacific Vacuum Insulated Switchgear Market Size

Report ID: GMI7204
Published Date: Dec 2024
Report Format: PDF

Download Free Sample

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.

To get key market trends

Download Free Sample

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.

Asia Pacific Vacuum Insulated Switchgear Market Report Attributes
Report Attribute	Details
Base Year:	2024
Asia Pacific Vacuum Insulated Switchgear Market Size in 2024:	USD 39.4 Billion
Forecast Period:	2025 - 2034
Forecast Period 2025 - 2034 CAGR:	6.1%
2034 Value Projection:	USD 71.6 Billion
Historical Data for:	2021 - 2024
No. of Pages:	100
Tables, Charts & Figures:	20
Segments covered:	Voltage, Current, Application
Growth Drivers:	Rising demand for electricity Growing renewable energy integration
Pitfalls & Challenges:	Low dependency on imports

Learn more about the key segments shaping this market

Download Free Sample

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.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size for vacuum insulated switchgear in Asia Pacific reached USD 39.4 billion in 2024 and is set to grow at a 6.1% CAGR from 2025 to 2034, driven by the increasing demand for reliable and efficient electrical systems in industries like power generation, distribution, and manufacturing.

The current segment is set to expand at a CAGR of over 5.9% through 2034, fueled by its adoption in industrial applications requiring compact, efficient, and reliable electrical solutions.

The China market is projected to surpass USD 27.2 billion by 2034, supported by rising infrastructure development and the transition to smart grid technologies.

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.