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

North America Switchgear Market Size

North America Switchgear Market was valued at USD 26.9 billion in 2024 and is estimated to grow at a CAGR of 6.3% from 2025 to 2034, due to rising demand for reliable power distribution, grid modernization, and renewable energy integration. Utilities and industries are investing in advanced switchgear to enhance grid stability, reduce downtime, and ensure safe power transmission. The adoption of smart grid technologies is fueling the demand for digital switchgear that enables real-time monitoring, remote control, and predictive maintenance. Renewable energy projects, particularly in wind and solar, require switchgear capable of managing fluctuating power inputs, further boosting market demand.
 

Additionally, the electrification of transportation, including the expansion of electric vehicle (EV) charging infrastructure, is creating new opportunities for medium and low voltage switchgear. Government incentives promoting energy efficiency, coupled with aging infrastructure upgrades, are accelerating the adoption of modern switchgear solutions. Increasing regulatory focus on safety and environmental sustainability is influencing the development of advanced switchgear with enhanced safety features such as arc flash protection, eco-friendly insulation materials, and reduced greenhouse gas emissions. Manufacturers are investing in innovations that align with stringent safety standards and environmental regulations. Overall, the market is poised for sustained growth due to technological advancements and increased investments in power infrastructure.
 

North America Switchgear Market Trends

One of the most significant trends in the North American switchgear market is the shift toward digital and smart switchgear solutions. Utilities and industrial users are adopting intelligent switchgear equipped with sensors, IoT capabilities, and real-time monitoring systems. These solutions enable predictive maintenance, fault detection, and remote operation, enhancing grid reliability and operational efficiency. Digital switchgear plays a crucial role in smart grid implementation, supporting automation and improved energy management. The growing emphasis on clean energy is driving demand for switchgear capable of managing the intermittent nature of renewable energy sources like wind and solar.
 

As large-scale renewable projects are developed, switchgear must handle fluctuating voltage levels and ensure stable power distribution. Switchgear technologies, such as vacuum-insulated and gas-insulated switchgear, are increasingly used to manage these demands while minimizing environmental impact and improving energy efficiency. Increasing regulatory focus on safety and environmental sustainability is influencing the development of advanced switchgear with enhanced safety features such as arc flash protection, eco-friendly insulation materials, and reduced greenhouse gas emissions. Manufacturers are investing in innovations that align with stringent safety standards and environmental regulations.
 

North America Switchgear Market Analysis

Based on voltage, the low voltage segments is likley to exceed USD 27.5 billion by 2034 since increasing urbanization and industrialization in North America are driving the need for reliable and efficient low voltage electrical infrastructure. This includes residential, commercial, and industrial sectors where low voltage switchgear is essential. The growing data center industry, fueled by the rise in cloud computing, IoT, and digital services, requires advanced low voltage switchgear for safe and uninterrupted power distribution.
 

Based on insulation, the vacuum segment in the North America switchgear market is projected to achieve a CAGR of over 5.8% through 2034, since vacuum-insulated switchgear offers superior arc-quenching capabilities, ensuring minimal risk of electrical faults and arc flash incidents. This makes it highly desirable in critical applications like industrial plants and utilities. The ongoing upgrades in aging power grids across North America necessitate the adoption of advanced switchgear technologies. Vacuum insulation is being integrated into grid modernization projects to enhance grid stability and efficiency.
 

The U.S. switchgear market is projected to surpass USD 35.3 billion by 2034 since the U.S. is investing heavily in upgrading its aging electrical infrastructure, including transmission and distribution networks, to improve reliability and reduce outages. This drives demand for advanced switchgear solutions across utilities. The accelerating adoption of renewable energy sources, such as wind, solar, and battery storage, requires robust switchgear systems to manage distributed energy resources efficiently and ensure grid stability.
 

North America Switchgear Market Share

Prominent companies like ABB and Siemens continue to lead the switchgear market by leveraging their technological expertise, diverse product portfolios, and expansive global footprint. They deliver advanced solutions such as digital substations, which provide real-time monitoring, enhance automation, and enable predictive maintenance—key elements for ensuring grid stability and optimizing operational performance. Through ongoing research and development, these industry pioneers consistently introduce cutting-edge technologies that facilitate renewable energy integration and accelerate the adoption of smart grid solutions.
 

North America Switchgear Market Companies

Major players operating in the North America 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 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.
   

This North America 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

• Low
• Medium
• High

Market, By Component

• Circuit Breakers
• Contactors
• Switches & Disconnector
• Fuses
• Others

Market, By Insulation

• Air
• Gas
• Oil
• Vacuum
• Others

Market, By Current

• AC
• DC

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