DC Industrial Switchgear Market Size, By Voltage, By Insulation Analysis, Share, & Forecast, 2024 - 2032

DC Industrial Switchgear Market Size

The global DC industrial switchgear market was valued at USD 3.7 billion in 2023 and is estimated to grow at a CAGR of 8.2% from 2024 to 2032, due to rising demand in sectors like data centres, railways, renewable energy, and electric vehicle (EV) infrastructure. As these industries require high reliability and energy-efficient operations, DC switchgear systems are increasingly favoured for their capacity to handle low-voltage, high-current applications effectively. The growth of renewable energy projects, especially in solar and wind, has spurred the adoption of DC switchgear for improved integration with storage and distribution networks.
 

Additionally, with the expansion of EV charging infrastructure, DC switchgear offers essential load management and safety benefits. Digitalization and automation advancements further drive market growth, as modern DC switchgear often incorporates intelligent monitoring and control systems for optimized performance. This trend aligns with the industrial sector’s focus on reducing energy loss and enhancing operational efficiency, leading to a steady increase in the adoption of DC switchgear globally.
 

DC Industrial Switchgear Market Trends

A significant trend is the increased adoption of DC switchgear in renewable energy projects, especially in solar power systems. DC switchgear provides efficient handling of low-voltage, high-current scenarios common in solar applications, and it enhances safety and reliability in energy storage and distribution systems. As countries strive for sustainable power sources, DC switchgear is becoming essential in energy networks, supporting grid reliability and integration with renewable sources.

Data centers, which require uninterrupted power supply and high energy efficiency, are rapidly adopting DC power systems, including DC switchgear, to improve operational efficiency and reduce power conversion losses. The transition towards DC power in data centers is driven by its ability to deliver stable, efficient power for critical IT infrastructure, fueling demand for DC switchgear with advanced monitoring and automation capabilities. Safety features in DC switchgear are evolving, with innovations in arc flash protection, fault detection, and automated controls. These enhancements ensure protection against power surges, overloads, and short circuits, making DC switchgear more resilient and safer for high-power industrial environments. This trend is especially significant in industries like manufacturing and railways, where safety is critical.
 

DC Industrial Switchgear Market Analysis

The low voltage segment is anticipated to surpass USD 3.8 billion by 2032, due to increased adoption of DC systems in renewable energy, electric vehicle (EV) charging infrastructure, and data centers. Low voltage DC switchgear is particularly effective for applications requiring high efficiency, safety, and cost-effectiveness, making it ideal for these sectors. Solar power generation and storage systems often operate at low voltage DC, requiring robust, efficient switchgear solutions to manage energy flow, increase safety, and reduce power losses. As countries expand their renewable energy capacities, demand for low voltage DC switchgear grows to accommodate distributed energy resources.
 

Based on insulation, the air insulation segment is anticipated to witness more than 7.8% CAGR through 2032, owing to its cost-effectiveness, reliability, and ease of installation and maintenance. Air-insulated switchgear (AIS) is widely adopted across industries due to its lower capital costs compared to gas-insulated switchgear (GIS). Additionally, the lack of gas-based insulators reduces greenhouse gas emissions, aligning with sustainability objectives in energy management. The rise in renewable energy projects is boosting demand for AIS, particularly in solar and wind applications where low to medium voltage DC is common. AIS’s simplicity and durability make it an ideal choice for these setups.
 

The U.S. DC industrial switchgear market is projected to surpass USD 710.3 million by 2032, on account of the increasing demand for reliable, efficient energy management solutions across industries such as data centres, electric vehicle (EV) infrastructure, and renewable energy. The growth in cloud computing, AI, and big data in the U.S. is fuelling the expansion of data centres, which increasingly rely on DC power systems to improve energy efficiency and reduce conversion losses. DC switchgear is essential in ensuring stable and reliable power supply, making it a critical component in data centre infrastructure.
 

Asia Pacific plays a crucial role in the DC industrial switchgear market due to rapid industrialization, urbanization, and expansion in renewable energy infrastructure across key countries like China, India, Japan, and South Korea. As the region drives the global adoption of electric vehicles (EVs), data centres, and renewable energy projects, demand for efficient DC switchgear solutions rises significantly. Additionally, the growth of manufacturing and automation industries in Asia Pacific fuels the need for resilient, low-cost, and reliable DC systems. Government initiatives promoting sustainable energy further accelerated market expansion, positioning Asia Pacific as a central growth hub for DC switchgear.
 

DC Industrial Switchgear Market Share

The Asia Pacific region is key to the DC industrial switchgear industry, fueled by rapid industrialization, urban expansion, and major infrastructure investments. Countries such as China, India, Japan, and South Korea are enhancing industrial capacity in manufacturing, construction, and energy sectors, necessitating reliable power distribution solutions to support rising electrical demands and ensure operational efficiency.
 

DC Industrial Switchgear Market Companies

Major players operating in the DC industrial switchgear industry are:

• 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
• Toshiba
   

DC Industrial Switchgear Industry News

• In October 2024, Mitsubishi disclosed an investment of USD 86 million in the U.S. It has set targets of innovative switchgear manufacturing and power electronics to meet the growing demand for distribution and transmission grid products. This demand will be by the U.S.'s shift towards renewable energy and its decarbonization goals.
   

This DC industrial switchgear market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million and ‘000 Units” from 2021 to 2032, for the following segments:

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Market, By voltage

• Low
• Medium
• High

Market, By Insulation

• Air
• Gas
• Vacuum
• Others

The above information has been provided for the following countries across the region:

• 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