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

DC Industrial Switchgear Market Size

Report ID: GMI12104
Published Date: Nov 2024
Report Format: PDF

Download Free Sample

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.

To get key market trends

Download Free Sample

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 Report Attributes
Report Attribute	Details
Base Year:	2023
DC Industrial Switchgear Market Size in 2023:	USD 3.7 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	8.2%
2024 – 2032 Value Projection:	USD 7.6 Billion
Historical Data for:	2021 – 2023
No. of Pages:	100
Tables, Charts & Figures:	20
Segments covered:	Voltage, Insulation
Growth Drivers:	Expansion of smart grid networks Rising peak load demands
Pitfalls & Challenges:	High dependency on imports

Learn more about the key segments shaping this market

Download Free Sample

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The global market for DC industrial switchgear was reached USD 3.7 billion in 2023 and is estimated to grow at a CAGR of 8.2% from 2024 to 2032, driven by rising demand in sectors like data centers, railways, renewable energy, and electric vehicle (EV) infrastructure.

The low voltage segment is anticipated to surpass USD 3.8 billion by 2032, due to increased adoption in renewable energy, EV charging infrastructure, and data centers, where high efficiency, safety, and cost-effectiveness are crucial.

The air insulation segment is projected to witness a CAGR of more than 7.8% through 2032, owing to its cost-effectiveness, reliability, and ease of installation and maintenance.

The U.S. DC industrial switchgear market is projected to surpass USD 710.3 million by 2032, driven by the increasing demand for reliable and efficient energy management solutions across industries such as data centers, EV infrastructure, and renewable energy.

Key players in the DC industrial switchgear market 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.