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

Vacuum Insulated Switchgear Market Size

The global vacuum insulated switchgear market was valued at USD 87 billion in 2024 and is estimated to grow at a CAGR 6.9% from 2025 to 2034, due to rising energy demand and the push for efficient and sustainable power distribution systems. Key factors include the growing emphasis on renewable energy integration and the need to upgrade aging electrical infrastructure. Vacuum insulated switchgear is preferred for its enhanced safety, reduced environmental impact, and compact design, making it ideal for urban installations where space is a constraint.
 

Technological advancements are boosting its adoption, with manufacturers focusing on innovations that improve reliability and performance. Additionally, the market benefits from stricter environmental regulations, as vacuum insulation eliminates the use of greenhouse gases like SF6, a harmful insulating gas used in traditional switchgear. Emerging economies in Asia Pacific and rapid urbanization are further fueling demand, while investment in smart grid projects across regions drives market expansion, making vacuum insulated switchgear a critical component in modern power systems.
 

Vacuum Insulated Switchgear Market Trends

The vacuum insulated switchgear industry is experiencing notable advancements and growth trends, largely driven by the global transition toward sustainable and efficient power distribution solutions. One of the primary trends is the increasing adoption of eco-friendly technologies. Vacuum insulated switchgear is gaining preference over traditional SF6 gas-insulated switchgear, as it eliminates the use of sulfur hexafluoride, a potent greenhouse gas. Governments and environmental agencies are imposing stricter regulations on emissions, encouraging the shift toward vacuum technology, which significantly reduces environmental impact.
 

Additionally, the trend of urbanization and space constraints is propelling the demand for compact and reliable switchgear systems. Vacuum insulated switchgear is designed to be smaller and more efficient, making it ideal for urban substations, industrial facilities, and high-density residential areas. This compact nature ensures minimal footprint without compromising performance, which is particularly appealing in regions experiencing rapid infrastructure development.
 

Vacuum Insulated Switchgear Market Analysis

Based on voltage, low segment is anticipated to surpass USD 99 billion by 2034, due to the increasing investments in urban infrastructure and the expansion of smart cities. As urban areas grow and modernize, there is a higher demand for reliable and compact power distribution systems to meet the energy needs of residential and commercial buildings. Vacuum insulated low-voltage switchgear is favored for its safety, minimal environmental impact, and ability to operate efficiently in constrained spaces.
 

Based on current, the AC segment is projected to achieve a CAGR of over 6.7% through 2034, owing to the widespread application of AC systems in power distribution and the increasing demand for reliable and efficient electrical infrastructure. The growth is driven by the need to upgrade aging grid systems to handle higher energy loads and improve grid reliability, especially as energy consumption rises across urban and industrial sectors. Additionally, the rapid expansion of renewable energy sources, such as wind and solar power, which predominantly generate and supply alternating current (AC), is further accelerating the adoption of vacuum insulated switchgear.
 

The U.S. vacuum insulated switchgear market is anticipated to surpass USD 30.7 billion by 2034 on account of the account of the increasing focus on modernizing the country’s electrical grid and the growing emphasis on renewable energy integration. Aging infrastructure across the United States requires substantial upgrades to meet rising energy demands and ensure reliable power distribution. Vacuum insulated switchgear, known for its compact design, high reliability, and eco-friendliness, is being increasingly adopted as a key component of these modernization efforts.
 

The Asia Pacific region plays a crucial role in the vacuum insulated switchgear (VIS) market, driven by its rapid economic development, increasing energy demand, and significant investments in infrastructure. This region is experiencing one of the fastest urbanization rates globally, which is fueling the need for efficient and compact power distribution systems, like vacuum insulated switchgear. With dense populations and limited space in urban areas, VIS is preferred for its reduced footprint and enhanced reliability, making it an ideal solution for cities with stringent space constraints.
 

Vacuum Insulated Switchgear Market Share

Companies such as Hitachi, General Electric, and Siemens command a significant share of the vacuum insulated switchgear industry, due to their cutting-edge technological capabilities, comprehensive product offerings, and strong global presence. These industry leaders make substantial investments in research and development, fostering innovations in smart and digital switchgear systems that boost grid efficiency and reliability.
 

Vacuum Insulated Switchgear Market Companies

Major players operating in the vacuum insulated 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 Switchgear Industry News

• In November 2024, Mitsubishi announced plans to establish an advanced switchgear manufacturing facility in Western Pennsylvania. The company, renowned for its secure and sustainable energy solutions, will invest USD 86 million in the project, resulting in the creation of 200 new jobs. This investment is driven by the growing demand for transmission and distribution grid products. The 160,000-square-foot plant will focus on producing vacuum and gas circuit breakers.
   

This 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 Voltage

• Low
• Medium
• High

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
• 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