Europe Oil Insulated Switchgear Market Size - By Voltage (LV, MV, HV), By Current (AC, DC) By Application (Residential, Commercial & Industrial, Utility), Regional Outlook & Forecast, 2024 – 2032

Europe Oil Insulated Switchgear Market Size

Europe Oil Insulated Switchgear Market was valued at USD 1.6 billion in 2023 and will grow at a CAGR of 7.7% between 2024 and 2032, due to the increasing demand for reliable and efficient electrical infrastructure, driven by industrial expansion and urbanization, is a major driver. OIS offers enhanced performance in high voltage applications and harsh environmental conditions, making it a preferred choice for critical power distribution. The shift towards renewable energy sources and the modernization of aging grid infrastructure also contribute to market growth.
 

Furthermore, stringent regulations and standards requiring higher safety and performance levels in electrical systems bolster demand. Technological advancements and innovations in OIS, such as improved insulation materials and compact designs, are enhancing the appeal of these systems. Overall, the European market is expanding as utilities and industries seek to upgrade their power infrastructure to support growing energy needs and ensure system reliability.
 

Europe Oil Insulated Switchgear Market Trends

Recent innovations in OIS technology are enhancing system performance and efficiency. Modern OIS units are designed with advanced insulation materials that offer better electrical and thermal insulation, increased safety, and reduced maintenance requirements. Compact and modular designs are becoming more prevalent, allowing for easier integration into existing systems and reducing installation space. The push for greener and more sustainable energy solutions is influencing the OIS market.
 

Manufacturers are developing eco-friendly insulating oils with lower environmental impact, addressing concerns about oil leakage and disposal. Additionally, the incorporation of energy-efficient technologies aligns with global sustainability goals. The integration of renewable energy sources, such as wind and solar, into the grid requires advanced switchgear solutions to manage fluctuating power levels and ensure stable distribution. OIS is increasingly used in substations and distribution networks to support the stable integration of these variable energy sources.
 

Europe Oil Insulated Switchgear Market Analysis

Based on voltage, the low voltage segment is projected to exceed USD 1.4 billion by 2032, driven by the increased urbanization and industrialization, fueling the need for reliable power distribution solutions in residential and commercial buildings. Low voltage OIS is essential for safe and efficient power distribution in these settings, contributing to its significant market growth. Innovations in low voltage OIS technology, such as improved insulation materials and compact designs, enhance performance and reliability. These advancements make low voltage OIS more attractive for modern infrastructure projects, driving market expansion.
 

Based on current, the AC segment is anticipated to witness more than 7.6% CAGR through 2032, owing to the increasing use of AC systems in various industrial applications drives the demand for AC OIS. These systems are essential for managing high voltage power distribution in industrial settings, contributing to the segment’s growth. AC switchgear is crucial for ensuring a stable and reliable power supply, especially in critical infrastructure and high-demand environments. The need for dependable power distribution systems in both urban and rural areas support the expansion of the AC segment.
 

Germany oil insulated switchgear market is predicted to hit USD 800 million by 2032, since Germany’s robust industrial base and ongoing infrastructure development drive significant demand for reliable and efficient power distribution systems. The need to support extensive industrial operations and modernize infrastructure contributes to the growth of the OIS market. Continuous innovations in OIS technology, such as enhanced insulation materials and compact designs, improve performance and safety. Germany's focus on adopting cutting-edge technologies in energy management and distribution fuels market growth.
 

Similarly, in UK, France and Russia, Stricter regulations and safety standards are driving the demand for high-quality OIS solutions. Compliance with these standards ensures improved safety, reliability, and performance, influencing market growth. While mature markets in Europe drive significant demand, emerging markets in regions such as Asia-Pacific are also showing increased interest in OIS. This regional growth is expanding the market landscape and providing new opportunities for manufacturers.
 

Europe Oil Insulated Switchgear Market Share

Companies such as ABB, Schneider Electric, and Siemens dominate the Asia-Pacific oil insulated switchgear market thanks to their vast experience, technological advancements, and global presence. They provide sophisticated, reliable, and efficient switchgear solutions designed to meet a wide range of industry requirements. These firms invest substantially in research and development, which supports ongoing enhancement and alignment with evolving market trends.
 

Europe Oil Insulated Switchgear Market Companies

• ABB
• Eaton Corporation
• Fuji Electric Co., Ltd.
• Hitachi Ltd.
• Hyundai Electric & Energy Systems Co., Ltd.
• Hubbel Incorporated
• Lucy Group Ltd.
• Mitsubishi Electric Corporation
• Meidensha Corporation.
• Orecco Electric
• Powell Industries
• Sensata Technologies Inc
• Schneider Electric
• Switchgear Company
• Siemens
• Skema S.p.A.
   

Oil Insulated Switchgear Industry News

• In June 2022, ABB, a global technology leader, invested €700,000 in Europe’s first test facility designed to energize medium-voltage (MV) switchgear. This facility will evaluate the switchgear’s stability under simulated extreme conditions, including temperatures ranging from -50 to 80 degrees Celsius, as well as varying humidity levels from 0 to 100 percent and water condensation.
   
• In January 2024, MISSION, a new EU project, aims to develop and demonstrate three SF6-free switchgear components. SF6 (sulphur hexafluoride) is a potent greenhouse gas, 24,300 times worse than CO2. The project addresses a technology gap in SF6-free switchgear, which is crucial for reducing global greenhouse gas emissions and improving the efficiency of renewable energy integration into the power grid, especially from offshore wind sources.
   

This Europe oil insulated switchgear market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million, ‘000 Units” from 2021 to 2032, for the following segments:

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Market, By Voltage

• Low
• Medium
• High

Market, By Current

• AC
• DC

Market, By Application

• Residential
• Commercial & Industrial
• Utility

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

• UK
• Germany
• France
• Russia
• Italy
• Spain
• Rest of Europe