Europe Medium Voltage Switchgear Market Size, By Voltage, By Component, By Insulation, By End Use, By Application, Analysis, Share, & Forecast, 2025 - 2034

Europe Medium Voltage Switchgear Market Size

The Europe medium voltage switchgear market was valued at USD 14.1 billion in 2024 and is estimated to grow at a CAGR 7% from 2025 to 2034, due to increasing investments in infrastructure and renewable energy sources, pushing the demand for reliable medium voltage switchgear to manage power distribution efficiently. Governments across Europe are focusing on enhancing energy efficiency, implementing smart grid technologies, and promoting green energy solutions, which further boosts market expansion. The rise in electrification and the need for grid modernization in both urban and rural areas contribute significantly to the market growth.
 

Additionally, industrial sectors such as manufacturing, utilities, and commercial establishments are increasingly adopting medium voltage switchgear to ensure safety and manage power distribution. Technological advancements, such as the integration of digital and automation technologies, are also enhancing the performance and reliability of medium voltage switchgear. Furthermore, the push for decarbonization and the expansion of electric vehicle charging infrastructure are expected to provide further growth opportunities for the market.
 

Europe Medium Voltage Switchgear Market Trends

One of the most significant trends is the integration of medium voltage switchgear with smart grid technologies. This shift aims to enhance the efficiency, reliability, and safety of power distribution systems. Smart switchgear allows for real-time monitoring, remote control, and predictive maintenance, optimizing energy flow, reducing downtime, and improving fault detection. These advancements help utilities manage power distribution more effectively, especially with the increasing complexity of modern grids. Europe’s commitment to decarbonization and renewable energy adoption is driving a higher demand for medium voltage switchgear.
 

The trend towards digitalization and automation is reshaping the medium voltage switchgear market. Digital switchgear, which incorporates advanced sensors, communication technologies, and cloud-based analytics, enables utilities to collect valuable data on operational performance. This data aids in optimizing grid operations, enhancing asset management, and providing better insights into system conditions. The rise of automated control systems also supports faster decision-making and response times during grid disturbances, improving overall grid stability.
 

Europe Medium Voltage Switchgear Market Analysis

Based on voltage, the ≥ 15 kV to < 21 kV segments is anticipated to surpass USD 5.5 billion by 2034 since these voltage levels are optimal for connecting various grid components, including substations, power distribution lines, and renewable energy sources, ensuring efficient power flow and system stability. The shift toward renewable energy generation, including wind, solar, and hydropower, is a major driver. These sources often require higher voltage levels, such as ≥ 15 kV to < 21 kV, for safe and effective integration into the grid.
 

Based on component, the contactors segment in the Europe medium voltage switchgear market is projected to achieve a CAGR of over 7.8% through 2034, since industries and utilities continue to adopt automation technologies, the need for reliable switching devices like contactors is growing. Contactor systems play a key role in the automation of electrical circuits, enabling remote operation and better control of the power distribution systems. This is particularly important in modern smart grids and automated industrial operations.
 

The Russia medium voltage switchgear market is likely to exceed USD 3.3 billion by 2034 since Russia is making significant investments to modernize its aging power grid infrastructure, especially in urban and industrial areas. The need to upgrade power distribution systems to handle increased demand and improve reliability is a key driver for the growth of medium voltage switchgear. As the country modernizes its grid, switchgear systems are essential for managing power distribution safely and efficiently.
 

The rapid urbanization in Russia, along with the development of new cities and industrial zones, is driving the need for robust power distribution networks. Medium voltage switchgear is essential in ensuring the smooth operation of electrical systems in both new developments and upgrades to existing infrastructure. The expansion of residential, commercial, and industrial buildings is creating a growing market for these systems.
 

Europe Medium Voltage Switchgear Market Share

Leading companies like ABB and Siemens continue to dominate the vacuum-insulated low voltage industrial switchgear market by leveraging their technological expertise, innovative product offerings, and global presence. They provide advanced solutions, such as digital substations, which facilitate real-time monitoring, enhance automation, and support predictive maintenance—key factors for ensuring grid stability and improving operational efficiency. Through their strong focus on research and development, these industry leaders consistently introduce cutting-edge technologies that promote renewable energy integration and accelerate the adoption of smart grid solutions.
 

Europe Medium Voltage Switchgear Market Companies

Major players operating in the Europe medium voltage switchgear industry are:

• 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
• Toshiba
   

Europe Medium Voltage 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 low-voltage (MV) electrical equipment, switchgear, and UPS units. The project underscores Digital Realty's commitment to advancing its environmental, social, and governance (ESG) objectives.
   

The Europe medium voltage 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

• ≥ 3 kV to < 9 kV
• ≥ 9 kV to < 15 kV
• ≥ 15 kV to < 21 kV
• ≥ 21 kV to < 27 kV
• ≥ 27 kV to < 33 kV
• ≥ 33 kV

Market, By Component

• Circuit Breakers
• Contactors
• Switches & Disconnector
• Fuses
• Others

Market, By Insulation

• Air
• Gas
• Oil
• Vacuum
• Others

Market, By End Use

• Power Stations
• Transformer Substations
• Local Electricity Supply
• Others

Market, By Application

• Residential
• Commercial
• Industrial
• Utility

The above information has been provided for the following countries:

• UK
• France
• Germany
• Italy
• Russia
• Spain