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DC Vacuum Insulated Switchgear Market Size
The global DC vacuum insulated switchgear market was valued at USD 11.1 billion in 2024 and is estimated to grow at a CAGR 7.6% from 2025 to 2034, due to rising investments in renewable energy integration and the expanding adoption of electrified transportation. These switchgears are preferred for their enhanced safety, compact design, and ability to handle high-voltage DC applications efficiently, which are crucial in modern energy grids. The growing demand for DC transmission systems, such as HVDC (High Voltage Direct Current) networks, has further amplified the market’s growth. HVDC systems offer minimal energy loss during long-distance power transmission, a necessity for large-scale renewable projects and cross-border electricity exchange.
Additionally, advancements in vacuum insulation technology have improved the reliability and lifespan of these switchgears, reduced maintenance costs and boosting their appeal in industrial, utility, and commercial sectors. Key regions like Asia-Pacific and Europe are witnessing significant adoption, supported by stringent regulatory frameworks emphasizing grid modernization and sustainable infrastructure.
Why is the low voltage segment gaining traction?
The low voltage segment is expected to surpass USD 13.2 billion by 2034, due to its compact design, cost-effectiveness, and increasing adoption in renewable energy systems, EV charging networks, and industrial automation.
How big is the DC vacuum insulated switchgear market?
The global market for DC vacuum insulated switchgear was reached USD 11.1 billion in 2024 and is projected to grow at a 7.6% CAGR from 2025 to 2034, driven by rising investments in renewable energy integration and electrified transportation.
What is the growth outlook for the utility segment in the DC vacuum insulated switchgear market?
The utility segment is anticipated to grow at a CAGR of over 7.3% through 2034, supported by its critical role in grid modernization, renewable energy integration, and HVDC transmission system expansion.
Who are the major players in the DC vacuum insulated switchgear market?
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, Lucy Group, Mitsubishi Electric, Ormazabal, Schneider Electric, Siemens, Skema, and Toshiba.
What trends are influencing the U.S. DC vacuum insulated switchgear market?
The U.S. DC vacuum insulated switchgear market is projected to exceed USD 2.3 billion by 2034, led by increasing demand for reliable and compact electrical infrastructure to support urbanization, renewable energy integration, and grid modernization.