North America HV Switchgear Market Size - By Product (Dead Tank, Live Tank, GIS), By Installation (Indoor, Outdoor), Breaking capacity (25 kA, 31.5 kA, 40 kA, 50 kA, 63 kA), By Current (600 A, 1200 A, 2000 A, 3150 A, 4000 A), Voltage & Forecast, 2024 – 2032

North America HV Switchgear Market Size

North America HV Switchgear Market size was valued at around USD 402.5 million in 2023 and is estimated to register a CAGR of over 6.2% between 2024 and 2032. The region's ongoing investment in upgrading and modernizing its aging electrical infrastructure is propelling the demand for advanced high voltage switchgear solutions. The need for enhanced grid reliability, reduced downtime, and efficient power distribution is pushing utilities and industries to adopt state-of-the-art switchgear technologies.
 

The increasing integration of renewable energy sources, such as wind and solar power, into the electrical grid is creating complexities that require flexible and reliable switchgear solutions to manage intermittent power generation. Stringent environmental regulations and sustainability initiatives are encouraging the adoption of eco-friendly and low-emission switchgear technologies. Moreover, the growth of data centers, electric vehicle charging infrastructure, and smart grid deployments is boosting the demand for high voltage switchgear to ensure robust and secure power distribution.
 

COVID-19 Impact

The COVID-19 pandemic had a significant impact on the North America HV switchgear market. While the demand for HV switchgear remained steady due to the essential nature of power infrastructure, the industry faced challenges related to supply chain disruptions, delayed projects, and reduced workforce availability during lockdowns and restrictions. Many ongoing projects in sectors like construction, energy, and manufacturing experienced delays, affecting the demand for switchgear.
 

The pandemic also highlighted the importance of resilient and modernized power grids, driving long-term investments in HV switchgear for grid stability and reliability. As the region navigates the post-pandemic recovery phase, the HV switchgear market is expected to rebound, supported by infrastructure upgrades, renewable energy integration, and a renewed focus on robust power distribution systems.
 

North America HV Switchgear Industry Trends

The North America HV switchgear market is witnessing several notable trends including the increasing adoption of smart switchgear solutions embedded with digital technologies such as IoT sensors, data analytics, and remote monitoring capabilities. This shift towards smart switchgear is driven by the need for real-time data and improved grid management, enhancing overall system efficiency and reliability. The growing emphasis on eco-friendly and sustainable switchgear solutions with lower environmental impact, pushing the industry towards gas-insulated switchgear (GIS) and more environmentally friendly insulation materials. Additionally, cybersecurity concerns are also prompting investments in secure and resilient switchgear systems to protect critical infrastructure from cyber threats.
 

North America HV Switchgear Market Analysis

The 36 kV switchgears are expected to witness 6.5% CAGR through 2032. The increasing demand for energy, coupled with government backing for sustainable electricity grids, is likely to drive the growth of the 36 kV rated units market. As traditional electric infrastructure ages rapidly, the global utility sector is embracing aesthetically pleasing electrical components. Manufacturers and developers have been focused on integrating robust distribution and development platforms to meet the demands of critical applications. This aligns with consumer preferences for customized product configurations, and manufacturers' eagerness to diversify their specialized product portfolios will support the North America HV switchgear market growth.
 

The market for outdoor installed HV switchgears was valued at over USD 350 million in 2022 and is predicted to cross USD 650 million in 2032, owing to the increasing reliance on renewable energy sources within its electricity generation mix. To accommodate this shift and replace aging infrastructure, smart grids are being deployed, offering enhanced efficiencies and remote monitoring capabilities. Outdoor-installed HV switchgear systems are proving to be invaluable in this context, enabling reliable electricity transfer over long distances and effectively managing larger loads while facilitating efficient switching operations.
 

The North America HV switchgear market from 40 kA breaking capacity was worth over USD 100 million in 2022 and is projected to surpass USD 190 million in 2032. The high breaking capacity of 40 kA HV switchgears ensures that the product can safely handle & interrupt significant short-circuit currents, thereby preventing equipment damage, reducing downtime, and enhancing the overall system reliability. Moreover, the switching operations under fault conditions generate mechanical & thermal stress on switchgear components. A higher breaking capacity of 40 kA ensures that these stresses remain within acceptable limits, thereby prolonging equipment lifespan.
 

The demand for gas-insulated switchgears has experienced remarkable growth, driven by shifting environmental protection and emission policies across the region. These advanced switchgear units offer the unique advantage of accommodating variable voltage ratings while demanding significantly less physical space, making them increasingly sought after in the North America HV switchgear market. As the region grapples with a surge in power demand and ramps up investments in renewable energy sources, the adoption of gas-insulated switchgears is poised for further expansion.
 

U.S. HV Switchgear market is anticipated to grow at a CAGR of over 5.5% through 2032, on account of the increased focus on refurbishing the transmission and distribution infrastructure, including substations and high voltage lines. This strategic investment aims to enhance the efficiency of power transmission across the country and ensure the reliability of the grid. Given the extreme weather conditions experienced in the U.S., grid resilience and disaster preparedness have become paramount, further emphasizing the importance of high-voltage switchgear capable of withstanding harsh environmental challenges and facilitating swift recovery.
 

North America HV Switchgear Market Share

Major participants operating across the North America HV switchgear market include :

• General Electric
• Siemens Energy
• Mitsubishi Electric Corporation
• Hitachi Energy Ltd.
• Bharat Heavy Electricals Limited
• CG Power & Industrial Solutions Ltd.
• CHINT Group
• Powell Industries
• HD Hyundai Electric Co Ltd.
• Hyosung Heavy Industries
• Schneider Electric
• Toshiba Corporation
   

North America HV Switchgear Industry News:

• In April 2023, Siemens Smart Infrastructure launched the eco-conscious 8DAB 40 GIS. Designed for primary distribution networks of up to 40.5 kV, this switchgear employs "Clean Air" insulation with a GWP <1, ensuring environmental compatibility devoid of fluorinated gases. The new product expanded the company’s product offerings, strengthening its market position.
   
• In June 2021, Toshiba Corporation collaborated with Meidensha Corporation, a Tokyo-based manufacturer & seller of electronic, information, and water-treatment equipment, to develop Gas-Insulated Switchgears (GIS) with a rated voltage of 72kV/84kV by using SF6-free natural origin gases. As per the collaboration, the companies aimed to develop environmental-friendly GIS products to cater to the increasing demand. The collaborated efforts to develop innovative products enhanced Toshiba’s product portfolio and subsequently accelerated its global footprint.
   

This North America HV switchgear market research report includes an in-depth coverage of the industry with estimates & forecast in terms of Units & USD Million from 2019 to 2032, for the following segments:

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By Voltage

• 36 kV
• 72.5 kV
• 123 kV
• 145 kV

By Installation

• Indoor
• Outdoor

By Breaking Capacity

• 25 kA
• 31.5 kA
• 40 kA
• 50 kA
• 63 kA

By Current

• 600 A
• 1200 A
• 2000 A
• 3150 A
• 4000 A

By Product

• Dead Tank
• Live Tank
• GIS

The above information has been provided for the following countries:

• U.S.
• Canada
• Mexico