Vacuum Insulated Low Voltage Industrial Switchgear Market Size - By Current, By Category, Analysis, Share, & Forecast, 2025 - 2034

Vacuum Insulated Low Voltage Industrial Switchgear Market Size

The global vacuum insulated low voltage industrial switchgear market was valued at USD 2.3 billion in 2024 and is estimated to grow at a CAGR of 7.9% from 2025 to 2034, due to increased demand for energy-efficient and environmentally friendly solutions is driving the adoption of vacuum-insulated switchgear, which offers reduced energy losses and eliminates the use of harmful gases like SF₆. As industrial buildings and facilities focus on sustainability and energy management, vacuum-insulated systems provide a compact, reliable, and cost-effective solution for power distribution.
 

Furthermore, the growing trend of smart building technologies and automation is boosting the need for advanced switchgear with IoT integration. These systems enable real-time monitoring, predictive maintenance, and enhanced operational efficiency. Additionally, the rise in renewable energy integration, especially solar and wind, is increasing the demand for switchgear that can handle variable energy inputs. As industrial infrastructure expands and modernizes, the vacuum insulated low voltage switchgear market is poised for significant growth in the coming years.
 

Vacuum Insulated Low Voltage Industrial Switchgear Market Trends

Space constraints in industrial buildings are driving the demand for compact and modular switchgear solutions. Vacuum-insulated designs offer significant advantages due to their smaller size, lightweight nature, and enhanced safety features, making them suitable for space-limited environments such as urban buildings and industrial complexes. Governments and industries worldwide are focusing on energy efficiency to meet stringent environmental regulations. Vacuum-insulated switchgear, known for its minimal energy losses and reduced carbon footprint, is gaining traction in industrial applications. Moreover, the absence of SF₆ gas in vacuum insulation contributes to a greener alternative compared to conventional gas-insulated systems.
 

Enhanced safety features, such as arc fault containment and thermal stability, are becoming critical in vacuum-insulated switchgear designs. These improvements reduce risks associated with electrical faults, making them highly reliable for industrial use in offices, shopping malls, and data centers. Rapid urbanization and infrastructure development in emerging economies, particularly in Asia-Pacific and Africa, are creating robust demand for vacuum-insulated low-voltage switchgear. Increasing electrification and grid expansion projects in these regions are contributing significantly to market growth. Manufacturers are offering customized solutions to cater to specific needs across industries such as healthcare, retail, and IT. This trend is fueling innovation and creating opportunities for market differentiation.

Vacuum Insulated Low Voltage Industrial Switchgear Market Analysis

Based on current, AC segments is anticipated to surpass USD 4.2 billion by 2034, since alternating current (AC) systems remain the standard for most industrial power distribution networks due to their efficiency in transmitting electricity over long distances. Industries heavily rely on AC switchgear for seamless operation and integration with existing electrical infrastructure. The ongoing industrialization and infrastructure development in emerging economies, particularly in Asia-Pacific, Africa, and Latin America, are fueling demand for robust and reliable AC switchgear.
 

Based on category, the new segment is projected to achieve a CAGR of over 8.1% through 2034, since the industries embrace digitalization and automation. The new segment of vacuum insulated low voltage switchgear, which includes smart, IoT-enabled models, is gaining traction due to its capability to integrate with automated systems and smart grids. These systems allow real-time monitoring, remote operation, and predictive maintenance, enhancing operational efficiency and reducing downtime.
 

The U.S. vacuum insulated low voltage industrial switchgear market is estimated to surpass USD 641 million by 2034, since the continued expansion of industrial sectors in the U.S., including manufacturing, oil & gas, automotive, and data centers, is creating strong demand for advanced power distribution systems. As industries modernize and expand their infrastructure, the need for safe, reliable, and energy-efficient switchgear systems, such as vacuum-insulated models, becomes critical.
 

Asia Pacific is experiencing fast-paced industrialization, particularly in countries like China, India, and Southeast Asia. This surge in infrastructure development is driving the demand for advanced power distribution solutions, including vacuum-insulated switchgear, which is compact, efficient, and safe for industrial and industrial applications.
 

Vacuum Insulated Low Voltage Industrial Switchgear Market Share

Leading companies like ABB and Siemens continue to maintain their dominance in the vacuum-insulated low voltage industrial switchgear industry by leveraging their technological expertise, innovative product offerings, and global presence. They provide advanced solutions like digital substations, which enable real-time monitoring, enhance automation, and support predictive maintenance—essential elements for ensuring grid stability and optimizing operational efficiency. With their strong research and development capabilities, these industry leaders continually introduce cutting-edge technologies that facilitate renewable energy integration and accelerate the adoption of smart grid solutions.
 

Vacuum Insulated Low Voltage Industrial Switchgear Market Companies

Major players operating in the vacuum insulated low voltage industrial 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
   

Vacuum Insulated Low Voltage Industrial 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 vacuum insulated low voltage industrial 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 Current

• AC
• DC

Market, By Category

• New
• Refurbished

The above information has been provided for the following countries across the region:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Russia
  • Spain
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Turkey
  • South Africa
  • Egypt
• Latin America
  • Brazil
  • Argentina