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DC Switchgear Market - By Voltage (< 750 V, ≥ 750 V to < 10,000 V, ≥ 10,000 V), By Mounting (Fixed Mounting, Plug-In, Withdrawable Unit), By Insulation (Air, Gas, Oil, Vacuum), By Application (Power Generation, Substation, Distribution) & Forecast, 2023 – 2032

  • Report ID: GMI5963
  • Published Date: Jun 2023
  • Report Format: PDF

DC Switchgear Industry Analysis

DC Switchgear Market size valued at USD 16.8 billion in 2022 and is set to grow at a CAGR of over 8.4% between 2023 and 2032. Rising adoption of distributed generation & smart grid networks has compelled installers to adopt effective power supply units. In addition, the increasing prominence of heavy-duty industry machinery positively influenced by large-scale motor control operations will augment the demand for circuit protection equipment. The large-scale suburban migration favored by rising dependency on manufactured products has increased the focus on expanding residential, commercial, and industrial electricity networks.

DC Switchgear Market

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DC switchgear refers to the equipment and devices used for the control, protection, and distribution of electrical power in a direct current (DC) system. It is designed specifically for handling the unique characteristics of DC power, which include the absence of zero-crossings and the need for arc interruption. These units typically consist of various components, including circuit breakers, disconnect switches, fuses, surge protectors, busbars, and monitoring devices. These components work together to ensure the safe and reliable operation of the DC power system.


COVID-19 Impact

The pandemic caused supply chains disruptions, including the availability of raw materials, components, and finished products. Restrictions on international trade, temporary closures of manufacturing facilities, and logistical challenges have led to delays in the production and delivery of DC switchgear equipment. Furthermore, economic downturn caused by the pandemic led to reduced investments and spending in various industries, including the energy sector. This decline in capital expenditure and project budgets affected the demand for new DC switchgear installations.

DC Switchgear Market Trends

The increasing adoption of renewable energy sources, such as solar and wind, has led to a rise in the demand for DC switchgear. DC switchgear is used in applications like solar power plants and offshore wind farms, where DC power transmission is more efficient. This trend is expected to continue as renewable energy installations expand. However, rapid growth of data centers and the telecommunications industry has fueled the demand for DC switchgear. DC power distribution systems are preferred in these applications due to their higher energy efficiency and ability to integrate with energy storage solutions.

Technological advancements in power electronics, including solid-state devices and semiconductor technologies, have improved the performance and efficiency of DC switchgear. These advancements enable better control, monitoring, and protection capabilities, leading to enhanced reliability and reduced maintenance requirements. Moreover, integration of DC switchgear with smart grid technologies allows for better monitoring, control, and optimization of power distribution systems. This integration enables the efficient management of power flows, integration of renewable energy sources, and improved grid stability.

DC Switchgear Voltage Trends

The < 750 V voltage rated DC switchgear market is anticipated to witness a growth rate of over 9% up to 2032. These units are commonly used in residential, commercial, and industrial applications. It plays a crucial role in renewable energy systems, energy storage systems, and DC distribution networks. The industry is predicted to grow due to the increasing adoption of renewable energy sources and the electrification of various sectors. Additionally, manufacturers are developing more efficient switchgear solutions that minimize power losses and optimize energy usage. Energy-efficient DC switchgear helps reduce operational costs and supports sustainability initiatives in various industries.

DC Switchgear Mounting Trends

DC Switchgear Market Size, By Mounting, 2021 – 2032 (USD Billion)

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Fixed mounting DC switchgear market crossed an annual installation of over 1.5 million units in 2022. The increasing deployment of energy storage systems, including batteries, for grid stabilization and load management, is driving the demand for fixed mounting DC switchgear. These systems require switchgear solutions that can efficiently connect and protect energy storage installations. As energy storage becomes more prevalent, the market for fixed mounting DC switchgear will expand.

DC Switchgear Insulation Trends

Vacuum insulated DC switchgear offers improved safety and reliability compared to other insulation technologies. Vacuum insulation eliminates the risk of gas leakage, reducing the chances of arcing and electrical faults. As safety standards and regulations become more stringent, the market for vacuum insulated DC switchgear market is projected to observe significant growth due to its enhanced safety features. Furthermore, these units align with the industry's increasing focus on environmental sustainability. As a gas-free insulation technology, it eliminates the use of greenhouse gases and contributes to reducing carbon emissions. This feature makes vacuum insulated DC switchgear an attractive option for environmentally conscious projects and initiatives.

DC Switchgear Application Trends

 DC Switchgear Market Revenue Share, By Application, (2022)

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Power generation-based DC switchgear industry is set to exceed USD 13 billion by 2032. Distributed generation and microgrid systems are gaining popularity as they offer localized power generation and increased resilience. DC switchgear is utilized in these systems to manage the generation, conversion, and distribution of DC power. With the proliferation of distributed generation and microgrid projects, the demand for DC switchgear in these applications is forecast to rise.

DC Switchgear Regional Trends

Asia Pacific DC Switchgear Market Size, 2021 – 2032 (USD Billion)

Asia Pacific DC switchgear market reached annual installation of over 2 billion units in 2022. The region is experiencing significant infrastructure development, including smart cities, industrial parks, and transportation networks. These projects require reliable and efficient electrical distribution systems, where DC switchgear plays a vital role. The demand for DC switchgear in infrastructure development projects, particularly in emerging economies, is likely to grow. Similarly, government authorities across the Asia-Pacific region are investing in grid modernization initiatives to enhance grid stability, improve transmission efficiency, and accommodate renewable energy integration which will further enhance the industry dynamics.

DC Switchgear Industry Leaders

Leading industry players across the DC switchgear market include ABB, Siemens, Schneider Electric, Eaton Corporation, General Electric (GE), Mitsubishi Electric, Toshiba Corporation, Fuji Electric, Powell Industries, Larsen & Toubro (L&T), Hyosung Corporation, Bharat Heavy Electricals Limited (BHEL), Ormazabal, CG Power and Industrial Solutions and Crompton Greaves.

DC Switchgear Industry News

  • In March 2021, Siemens announced the commissioning of India's first high voltage direct current (HVDC) link, which features voltage-sourced converter (VSC) technology. The project is mainly focused on countering power deficit in the southern region to enhance the grid stability. Siemens supplied various HVDC equipment including interface transformers, IGBT-based power converters and other major equipment, which include air insulated switchgear, control panels & relays, gas insulated switchgear, among others.

This DC switchgear market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in ‘000 Units & USD Million’ from 2019 to 2032, for the following segments:

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By Voltage

  • < 750 V
  • ≥ 750 V to < 10,000 V
  • ≥ 10,000 V

By Mounting

  • Fixed Mounting
  • Plug-In
  • Withdrawable Unit

By Insulation

  • Air
  • Gas
  • Oil
  • Vacuum
  • Others

By Application

  • Power Generation
  • Substation
  • Distribution
  • Others

The above information has been provided for the following regions and country:

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


Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of DC switchgear was worth over USD 16.8 billion in 2022 and is projected witness 8.4% CAGR from 2023 to 2032 due to the increasing adoption of distributed generation and smart grid networks.

The < 750 V voltage rated DC switchgear market share will observe gains at nearly 9% through 2032 owing to rising application in residential, commercial, and industrial sectors.

Demand for power generation-based DC switchgear market will exceed USD 13 billion by 2032 due to the increasing need for managing the generation, conversion, and distribution of DC power.

Asia Pacific market for DC switchgear size reached over 2 billion units in terms of annual installation in 2022 due to significant infrastructure development, including smart cities, industrial parks, and transportation networks.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 949
  • Countries covered: 23
  • Pages: 450
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