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

DC Switchgear Market Size

Report ID: GMI5963
Published Date: Jun 2023
Report Format: PDF

Download Free Sample

DC Switchgear Market Size

DC Switchgear Market - By Voltage (< 750 V, ≥ 750 V to < 10,000 V, ≥ 10,000 V), By Mounting (Fixed Mounting, Plug-In, Withdrawable Unit), By Insulation (Air, Gas, Oil, Vacuum), By Application (Power Generation, Substation, Distribution) & Forecast, 2024 – 2032. Rising adoption of distributed generation & smart grid networks has compelled installers to adopt effective power supply units. In addition, the increasing prominence of heavy-duty industry machinery positively influenced by large-scale motor control operations will augment the demand for circuit protection equipment. The large-scale suburban migration favored by rising dependency on manufactured products has increased the focus on expanding residential, commercial, and industrial electricity networks.

To get key market trends

Download Free Sample

DC switchgear refers to the equipment and devices used for the control, protection, and distribution of electrical power in a direct current (DC) system. It is designed specifically for handling the unique characteristics of DC power, which include the absence of zero-crossings and the need for arc interruption. These units typically consist of various components, including circuit breakers, disconnect switches, fuses, surge protectors, busbars, and monitoring devices. These components work together to ensure the safe and reliable operation of the DC power system.

DC Switchgear Market Report Attributes
Report Attribute	Details
Base Year:	2023
DC Switchgear Market Size in 2023:	USD 18.5 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	8.8%
2032 Value Projection:	USD 39.8 Billion
Historical Data for:	2019 to 2023
No. of Pages:	450
Tables, Charts & Figures:	949
Segments covered:	Voltage, Mounting, Insulation, Application and Region
Growth Drivers:	Growing Demand for High Voltage DC (HVDC) transmission Increasing focus on renewable energy integration Enhanced safety and reliability
Pitfalls & Challenges:	High initial cost

Learn more about the key segments shaping this market

Download Free Sample

COVID-19 Impact

The pandemic caused supply chains disruptions, including the availability of raw materials, components, and finished products. Restrictions on international trade, temporary closures of manufacturing facilities, and logistical challenges have led to delays in the production and delivery of DC switchgear equipment. Furthermore, economic downturn caused by the pandemic led to reduced investments and spending in various industries, including the energy sector. This decline in capital expenditure and project budgets affected the demand for new DC switchgear installations.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of DC switchgear was worth over USD 18.5 billion in 2023 and is projected witness 8.8% CAGR from 2024 to 2032 due to the increasing adoption of distributed generation and smart grid networks.

The < 750 V voltage rated DC switchgear market share will observe gains at nearly 9% through 2032 owing to rising application in residential, commercial, and industrial sectors.

Demand for power generation-based DC switchgear market will exceed USD 13 billion by 2032 due to the increasing need for managing the generation, conversion, and distribution of DC power.

Asia Pacific market for DC switchgear size reached over 2 billion units in terms of annual installation in 2022 due to significant infrastructure development, including smart cities, industrial parks, and transportation networks.