Home > Energy & Power > Electrical Equipment > Switchgears > Vacuum Insulated Medium Voltage Switchgear Market

Vacuum Insulated Medium Voltage Switchgear Market Size

Report ID: GMI6990
Published Date: Nov 2024
Report Format: PDF

Download Free Sample

Vacuum Insulated Medium Voltage Switchgear Market Size

The global vacuum insulated medium voltage switchgear market was valued at USD 28.7 billion in 2024 and is estimated to grow at a CAGR 6% from 2025 to 2034, due to increasing demand for reliable and efficient power distribution systems. Urbanization and the expansion of industrial infrastructure are key contributors, prompting utilities and commercial sectors to adopt advanced switchgear solutions. Vacuum insulation technology is favored due to its eco-friendly nature, eliminating the need for greenhouse gas-based insulants like SF6. This shift aligns with global environmental regulations aimed at reducing carbon emissions.

vacuum insulated medium voltage switchgear market

To get key market trends

Download Free Sample

Advancements in smart grid technology are also propelling market development, as vacuum insulated switchgear integrates seamlessly into digital power networks, enhancing monitoring and operational efficiency. Moreover, ongoing investments in renewable energy projects create new opportunities for robust and adaptable switchgear systems. Key markets include regions with growing electrification initiatives, such as Asia Pacific and North America, where grid modernization efforts are underway to ensure sustainable and reliable energy distribution, further driving market expansion.

Vacuum Insulated Medium Voltage Switchgear Market Report Attributes
Report Attribute	Details
Base Year:	2024
Vacuum Insulated Medium Voltage Switchgear Market Size in 2024:	USD 28.7 Billion
Forecast Period:	2025 – 2034
Forecast Period 2025 – 2034 CAGR:	6%
2025 – 2034 Value Projection:	USD 51.9 Billion
Historical Data for:	2021 – 2024
No. of Pages:	100
Tables, Charts & Figures:	20
Segments covered:	Voltage, Component, End Use, Application
Growth Drivers:	Rising Demand for Electricity Growing Renewable Energy Integration
Pitfalls & Challenges:	High dependency on imports

Learn more about the key segments shaping this market

Download Free Sample

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The global market for vacuum insulated medium voltage switchgear was reached USD 28.7 billion in 2024 and is estimated to grow at a 6% CAGR from 2025 to 2034, driven by increasing demand for reliable and efficient power distribution systems.

The ? 21 kV to < 27 kV segment is anticipated to surpass USD 12.5 billion by 2034, led by the increasing demand for stable and reliable medium voltage power distribution systems in commercial, industrial, and infrastructure applications.

The contractor

The U.S. vacuum insulated medium voltage switchgear market is likely to reach USD 5.9 billion by 2034, propelled by significant investments in modernizing the aging electrical grid to improve efficiency, reliability, and resilience.

Major players in the 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.