DC Switchgear Market Size, By Voltage, By Mounting, By Insulation, By Application, Analysis, Share, & Forecast, 2025 - 2034

DC Switchgear Market Size

The global DC switchgear market was valued at USD 20 Billion in 2024 and is set to grow at a CAGR 8.3% from 2025 to 2034 due to rising adoption of electric vehicles (EVs) has spurred investments in EV charging infrastructure, which requires reliable DC power distribution, fueling demand for DC switchgear. Additionally, the expansion of renewable energy projects, such as solar and wind farms, necessitates efficient DC distribution systems to handle fluctuating power output. Urbanization and the development of smart grids are further accelerating market growth as utility companies seek to modernize infrastructure with advanced energy management solutions.
 

Innovations in power electronics, such as solid-state switchgear, are also enhancing system efficiency and reliability. The market is benefiting from regulatory support and initiatives promoting low-carbon technologies. Asia Pacific and North America are key regions driving this expansion due to significant investments in renewable energy and infrastructure modernization projects.
 

DC Switchgear Market Trends

The push for renewable energy integration has become a major driver, as large-scale solar and wind projects necessitate efficient DC distribution systems to manage fluctuating energy generation. This trend is bolstered by government policies promoting clean energy and investments in grid modernization to support renewable sources, which are fuelling the demand for advanced DC switchgear. Electric vehicles (EVs) and the associated charging infrastructure represent another significant trend impacting the market. As the adoption of EVs accelerates, the need for reliable, high-capacity DC switchgear to manage charging networks and support grid stability is increasing.
 

Many automotive and infrastructure companies are investing in DC fast-charging stations, which require robust DC switchgear solutions. Furthermore, the transition towards electrified public transportation systems in urban areas is contributing to market expansion. The rise of microgrids and energy storage systems is also playing a crucial role in shaping the DC Switchgear market. Microgrids, which can operate independently from the traditional grid and utilize renewable energy sources, often use DC distribution to enhance efficiency and reliability. Energy storage systems, particularly those using lithium-ion batteries, require DC switchgear to ensure safe and efficient power flow, adding to the growing market demand.
 

DC Switchgear Market Analysis

Based on voltage, the <750 V segment is set to surpass USD 25.2 billion by 2034, due to the increasing deployment of renewable energy systems and the expansion of electric vehicle (EV) infrastructure. This voltage range is critical for applications such as residential solar power installations, commercial energy storage systems, and EV charging networks, which require efficient power distribution and management. The growing emphasis on energy efficiency and the need for reliable, low-voltage DC solutions in urban areas and industrial settings are also driving this segment's growth.
 

Based on mounting, the AC segment is projected to achieve a CAGR of over 7.7% through 2034, owing to the widespread expansion of infrastructure and industrial projects requiring efficient energy management systems. The growth is driven by the increasing need for reliable power distribution in commercial and industrial settings, where AC systems are frequently used in conjunction with DC distribution networks for comprehensive power management. The integration of AC and DC systems is becoming essential in various applications, such as renewable energy plants, where AC power generated from sources like wind turbines needs to be efficiently distributed.
 

The U.S. DC switchgear market is projected to surpass USD 4.1 billion by 2034 on account of the increasing investments in renewable energy projects and the rapid development of electric vehicle (EV) infrastructure. As the U.S. aims to transition towards a more sustainable energy future, significant funding is being allocated to solar and wind power installations, both of which require efficient DC power distribution systems. The rise in EV adoption across the country is also playing a pivotal role. The establishment of extensive EV charging networks, particularly high-speed DC charging stations, is driving demand for reliable and high-capacity DC switchgear.
 

Asia Pacific plays a crucial role in the growth of the DC switchgear market, driven by several significant factors. The region is a global leader in renewable energy deployment, with countries like China, India, and Japan investing heavily in solar and wind energy projects. These renewable energy initiatives require efficient DC distribution systems to manage variable power generation, thereby driving the demand for advanced DC switchgear.
 

DC Switchgear Market Share

Companies such as Hitachi, ABB, and Siemens command a significant share of the DC switchgear industry, thanks to their cutting-edge technological capabilities, comprehensive product offerings, and strong global presence. These industry leaders make substantial investments in research and development, fostering innovations in smart and digital switchgear systems that boost grid efficiency and reliability.
 

DC Switchgear Market Companies

Major players operating in the DC 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 Switchgear Industry News

• In April 2024, Schneider Electric and Digital Realty launched a circular economy initiative at the Paris 5 (PAR5) data center. This partnership aims to extend the lifespan of critical systems at PAR5, including Schneider Electric's low-voltage (LV) and medium-voltage (MV) electrical equipment, switchgear, and UPS units. The project underscores Digital Realty's commitment to advancing its Environmental, Social, and Governance (ESG) objectives.
   

This 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 2034, for the following segments:

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Market, By Voltage

• < 750 V
• ≥ 750 V to < 10,000 V
• ≥ 10,000 V

Market, By Mounting

• Fixed Mounting
• Plug-In
• Withdrawable Unit

Market, By Insulation

• Air
• Gas
• Oil
• Vacuum
• Others

Market, By Application

• Power Generation
• Substation
• Distribution
• Others

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

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Russia
  • Spain
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Türkiye
  • South Africa
  • Egypt
• Latin America
  • Brazil
  • Argentina