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

North America Medium Voltage Switchgear Market Size

The global North America medium voltage switchgear market was valued at USD 9.2 billion in 2024 and is estimated to grow at a CAGR 6.1% from 2025 to 2034 due to increasing investments in renewable energy, grid modernization, and industrial automation. Utilities and industries are upgrading aging infrastructure to enhance grid reliability and accommodate renewable energy integration, particularly wind and solar. Rising demand for electrification in data centers, manufacturing, and commercial facilities is also boosting switchgear adoption. The shift towards digital and smart switchgear, equipped with monitoring and control capabilities, is gaining momentum due to the need for efficient energy management and operational safety.

Additionally, government initiatives promoting energy efficiency, and the electrification of transportation are accelerating market expansion. The U.S. leads the region due to its large-scale infrastructure projects, while Canada and Mexico are also witnessing growth through industrial expansion and cross-border energy collaborations. Overall, the market's evolution is marked by innovation, sustainability focus, and technological advancements.
 

North America Medium Voltage Switchgear Market Trends

One of the major trends in the medium voltage switchgear market is the increasing adoption of smart switchgear systems. These systems are integrated with advanced monitoring, control, and automation technologies that allow real-time data collection and remote operation. This enhances system reliability, reduces downtime, and enables predictive maintenance, which is crucial for ensuring a stable and efficient power grid. The ability to monitor performance and detect faults remotely is driving the demand for digital and connected switchgear solutions in both utility and industrial sectors.
 

As North America continues to modernize its electrical grid, medium voltage switchgear plays a key role in improving grid reliability, efficiency, and safety. Aging infrastructure across the U.S. and Canada has prompted utilities to invest in upgraded switchgear to improve distribution and reduce the risk of outages. Grid modernization initiatives, including the integration of renewable energy sources such as wind and solar, require more flexible and efficient switchgear solutions capable of handling the intermittent nature of renewable generation. The transition to renewable energy sources such as solar, wind, and hydroelectric power is driving the need for specialized components in medium voltage switchgear. Components that can handle the intermittent nature of renewable energy generation, such as power management systems, circuit breakers, and protection relays, are in high demand. As more renewable energy projects are deployed, the adoption of these components is expected to grow, contributing to the overall market expansion.

North America Medium Voltage Switchgear Market Analysis

Based on voltage, ≥ 21 kV to < 27 kV segments in the North America medium voltage switchgear market is anticipated to surpass USD 3.9 Bn by 2034 since utilities are upgrading their infrastructure to handle higher voltage capacities and improve grid stability. The range of ≥ 21 kV to < 27 kV is commonly used in distribution networks for large-scale residential, commercial, and industrial applications. This demand is growing as utilities and industries prioritize reliable power supply and reduced transmission losses.

Based on component, the new segment in the North America medium voltage switchgear market is projected to achieve a CAGR of over 5% by 2034, since The demand for advanced components such as smart sensors, digital controllers, and automated monitoring systems is increasing. These components enable medium voltage switchgear to offer enhanced functionality, such as real-time data collection, fault detection, and remote monitoring. With the ongoing shift towards smart grids and automated systems, components that support these capabilities are becoming increasingly essential, driving growth in the component segment.

The U.S. medium voltage switchgear market is projected to surpass USD 9.7 Bn by 2034 since a significant portion of the U.S. electrical infrastructure is aging, leading to increased investment in grid modernization. The transition to more reliable, efficient, and secure power distribution systems is spurring the demand for medium voltage switchgear. As utilities and industries upgrade their equipment, medium voltage switchgear is essential to ensure that power is distributed safely and reliably, thus driving market growth.

North America Medium Voltage Switchgear Market Share

Leading companies such as ABB and Siemens continue to maintain their leadership in the vacuum-insulated low voltage industrial switchgear market by capitalizing on their technological expertise, innovative product portfolios, and extensive global reach. They offer advanced solutions like digital substations, which enable real-time monitoring, boost automation, and support predictive maintenance—critical components for ensuring grid stability and improving operational efficiency. Through their robust research and development efforts, these industry giants consistently introduce state-of-the-art technologies that aid in renewable energy integration and drive the adoption of smart grid solutions.

North America Medium Voltage Switchgear Market Companies

Major players operating in the North America 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
• Hyosung Heavy Industries
• Lucy Group
• Mitsubishi Electric
• Ormazabal
• Schneider Electric
• Siemens
• Skema
• Toshiba
   

North America 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.
   

North America 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 across the region:

• North America
  • U.S.
  • Canada
  • Mexico