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DC Residential Switchgear Market Size

  • Report ID: GMI12501
  • Published Date: Dec 2024
  • Report Format: PDF

DC Residential Switchgear Market Size

The global DC residential switchgear market size was valued at USD 2.7 billion in 2024 and is estimated to grow at a CAGR 9.5% from 2025 to 2034 due to the increasing adoption of renewable energy systems, particularly solar power, in residential applications.

 

As homeowners invest in solar panels and energy storage solutions, the demand for reliable DC switchgear has surged to ensure efficient energy management and safety. Technological advancements, such as compact designs and smart features, are enhancing the appeal of DC switchgear by enabling seamless integration with home energy systems and smart grids.
 

Additionally, supportive government policies promoting clean energy and residential electrification initiatives are fueling market expansion. The rise in electric vehicle (EV) adoption is another key driver, as DC switchgear facilitates effective charging infrastructure in homes. Asia-Pacific and North America are leading growth regions due to high energy demands and rapid urbanization.
 

Authors: Ankit Gupta , Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The global DC residential switchgear industry was valued at USD 2.7 billion in 2024 and is estimated to grow at a 9.5% CAGR from 2025 to 2034, driven by the increasing adoption of renewable energy systems, particularly solar power, in residential applications.

The indoor segment is anticipated to surpass USD 5.8 billion by 2034 due to the heightened demand for indoor DC switchgear to safely manage energy distribution within residential spaces, driven by the increasing adoption of rooftop solar installations.

The U.S. DC residential switchgear market is projected to surpass USD 900 million by 2034, fueled by the rapid adoption of renewable energy solutions, particularly rooftop solar panels, which increases the need for reliable DC residential switchgear to manage energy flow from solar panels to batteries and home appliances.

Key players in the 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, and Lucy Group.

DC Residential Switchgear Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 17
  • Tables & Figures: 20
  • Countries covered: 22
  • Pages: 100
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