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Gas-insulated switchgear is gaining traction due to its compact design, enhanced reliability, and superior performance in harsh environments. GIS is particularly popular in urban areas where space constraints are critical. Its ability to withstand environmental challenges while offering minimal maintenance makes it a preferred choice for utilities and industrial applications. Digital switchgear equipped with advanced sensors, monitoring systems, and communication capabilities is transforming the market. These solutions enable real-time data analytics, predictive maintenance, and remote monitoring, enhancing grid reliability and reducing downtime.
Utilities are increasingly investing in smart switchgear to support the deployment of smart grids and automation in substations. As North America transitions to cleaner energy sources, the need for high voltage switchgear capable of handling intermittent power from renewables like wind and solar is growing. Grid modernization projects are underway across the U.S. and Canada to improve grid stability and efficiency, boosting the demand for advanced switchgear.
The key players in the market include 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, and Toshiba.
The U.S. market is anticipated to exceed USD 559.5 million by 2034, fueled by significant investments in upgrading aging electrical grids and the development of smart grid infrastructure.
The 36 kV voltage segment is expected to surpass USD 309.8 million by 2034, supported by rising demand for medium-scale power distribution solutions in commercial, industrial, and utility applications.
The market size for high voltage switchgear in North America reached USD 429.9 million in 2024 and is projected to grow at a 6.1% CAGR from 2025 to 2034, led by increasing investments in power infrastructure modernization and renewable energy integration.