Get a free sample of North America Switchgear Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of North America Switchgear Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
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.
Who are the major players in the North America switchgear market?
Major players in the North America switchgear industry 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.
How big is the North America switchgear market?
The North America switchgear market was reached USD 26.9 billion in 2024 and is estimated to grow at a 6.3% CAGR from 2025 to 2034, driven by rising demand for reliable power distribution, grid modernization, and renewable energy integration.
What is the growth rate of the vacuum-insulated switchgear segment?
The vacuum-insulated switchgear segment in the North America market is projected to achieve a CAGR of over 5.8% through 2034, due to its superior arc-quenching capabilities and minimal risk of electrical faults.
What is the projected size of the low voltage switchgear segment by 2034?
The low voltage switchgear segment is likely to exceed USD 27.5 billion by 2034, led by increasing urbanization and industrialization in North America.
How much is the U.S. switchgear market expected to be worth by 2034?
The U.S. switchgear market is projected to surpass USD 35.3 billion by 2034, propelled by heavy investments in upgrading aging electrical infrastructure and the accelerating adoption of renewable energy sources.