North America Medium Voltage Switchgear Market Analysis

North America Medium Voltage Switchgear Market Analysis

The ≥ 9 kV to < 15 kV medium voltage switchgear market in North America is slated to exhibit over 6% CAGR through 2032, considering the strong product demand from residential and commercial sectors. To strengthen grid resilience, microgrid networks have also expanded considerably, resulting in the integration of advanced primary and secondary distribution networks. In addition, product specifications including aesthetic proximity and flexibility will contribute to the installation of ≥ 9 kV to < 15 kV MV switchgears in the regions.

In terms of component, the North America medium voltage switchgear market from circuit breakers segment surpassed USD 1.5 billion in 2022. This growth is attributed to the product’s ability to reduce maintenance, improve operational performance, and meet aesthetic requirements. Circuit-breaker modules are also incorporated with automated self-assessment features to enable users to efficiently address minor operational disturbances. The rapid development of power distribution and long-distance electrical infrastructure will positively influence the product adoption.

Gas insulation segment is expected to record nearly 11% share of the North America medium voltage switchgear market by 2032, owing to the strong applicability of gas-insulated switchgear units in hydropower plants, industrial facilities, and power generation. These metal-encapsulated units consist of circuit breakers and disconnectors to isolate, control, and safeguard electrical equipment. The introduction of favorable government schemes to advance grid infrastructure and drive the adoption of smart electrical systems will enhance the production of gas-insulated switchgear units.

In terms of end-use, the power stations segment is anticipated to register over 6% growth rate through 2032. The growing emphasis on the incorporation of high-frequency power transmission networks and energy efficiency maintenance are among the drivers for MV switchgear demand. Over the years, strict regulations have been introduced to limit carbon emissions from the power sector. These factors, along with the escalating requirement for a safe and reliable electricity supply, will further promote switchgear installation across power stations.
 

North America medium voltage switchgear market from the residential application segment is poised to observe more than 7% gains through 2032. This growth is credited to the rising preference for multi-story building construction. Key initiatives have also been taken for the electrification of grid-isolated regions. Moreover, the rapid rise in government funding to bolster the electric grid will result in high energy consumption and consequently proliferate the use of MV switchgear for residential applications.
 

The U.S. is set to account for over 58% of the revenue share by 2032. Government initiatives targeted toward the deployment of reliable and efficient power networks are some of the major reasons driving the regional industry expansion. There has also been a strong focus on smart grid projects in the country. The shifting interest toward digitalization will also increase reliance on MV switchgear components to control and safeguard electrical equipment, further bolstering the industry outlook.