Home > Energy & Power > Electrical Equipment > Switchgears > DC Commercial Switchgear Market

DC Commercial Switchgear Market Trends

Report ID: GMI12074
Published Date: Oct 2024
Report Format: PDF

Download Free Sample

DC Commercial Switchgear Market Trends

The growth of solar photovoltaic (PV) systems and battery storage is one of the main trends driving demand for DC switchgear. Unlike traditional AC systems, these applications inherently operate on DC, making DC switchgear essential for integration and power management. This has led to innovations in DC switchgear designs tailored for commercial and industrial energy storage and solar installations. Manufacturers are also introducing DC switchgear compatible with microgrids to offer more efficient energy distribution and storage capabilities.

The boom in EV adoption worldwide has increased the need for robust DC infrastructure, particularly for fast-charging systems, which operate on DC power. Commercial facilities such as malls, office complexes, and parking garages are increasingly adopting DC switchgear to support EV chargers, especially as governments provide incentives for building EV infrastructure. DC switchgear is essential for converting power and managing load in high-capacity EV charging networks, allowing for faster and safer operation.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The global market for DC commercial switchgear was reached USD 2.6 billion in 2023 and is estimated to grow at a 6.2% CAGR from 2024 to 2032, driven by rising demand for DC-based applications in data centers, renewable energy integration, and EV charging infrastructure.

The low voltage segment is anticipated to surpass USD 2.2 billion by 2032, largely due to the growing adoption of renewable energy sources, the expansion of EV infrastructure, and the increasing need for energy-efficient systems in commercial applications.

The air-insulated segment is projected to achieve a CAGR of over 6.4% through 2032, propelled by its cost-effectiveness, safety, and low environmental impact.

The U.S. DC commercial switchgear market is predicted to hit USD 394 million by 2032, led by the expansion of renewable energy projects, EV infrastructure, and data centers.

Major players in the DC commercial switchgear industry include 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, and Toshiba.