North America HV Switchgear Market Analysis

North America HV Switchgear Market Analysis

To get key market trends

  Download Free Sample

The 36 kV switchgears are expected to witness 6.5% CAGR through 2032. The increasing demand for energy, coupled with government backing for sustainable electricity grids, is likely to drive the growth of the 36 kV rated units market. As traditional electric infrastructure ages rapidly, the global utility sector is embracing aesthetically pleasing electrical components. Manufacturers and developers have been focused on integrating robust distribution and development platforms to meet the demands of critical applications. This aligns with consumer preferences for customized product configurations, and manufacturers' eagerness to diversify their specialized product portfolios will support the North America HV switchgear market growth.
 

The market for outdoor installed HV switchgears was valued at over USD 350 million in 2022 and is predicted to cross USD 650 million in 2032, owing to the increasing reliance on renewable energy sources within its electricity generation mix. To accommodate this shift and replace aging infrastructure, smart grids are being deployed, offering enhanced efficiencies and remote monitoring capabilities. Outdoor-installed HV switchgear systems are proving to be invaluable in this context, enabling reliable electricity transfer over long distances and effectively managing larger loads while facilitating efficient switching operations.
 

The North America HV switchgear market from 40 kA breaking capacity was worth over USD 100 million in 2022 and is projected to surpass USD 190 million in 2032. The high breaking capacity of 40 kA HV switchgears ensures that the product can safely handle & interrupt significant short-circuit currents, thereby preventing equipment damage, reducing downtime, and enhancing the overall system reliability. Moreover, the switching operations under fault conditions generate mechanical & thermal stress on switchgear components. A higher breaking capacity of 40 kA ensures that these stresses remain within acceptable limits, thereby prolonging equipment lifespan.
 

The demand for gas-insulated switchgears has experienced remarkable growth, driven by shifting environmental protection and emission policies across the region. These advanced switchgear units offer the unique advantage of accommodating variable voltage ratings while demanding significantly less physical space, making them increasingly sought after in the North America HV switchgear market. As the region grapples with a surge in power demand and ramps up investments in renewable energy sources, the adoption of gas-insulated switchgears is poised for further expansion.
 

U.S. HV Switchgear market is anticipated to grow at a CAGR of over 5.5% through 2032, on account of the increased focus on refurbishing the transmission and distribution infrastructure, including substations and high voltage lines. This strategic investment aims to enhance the efficiency of power transmission across the country and ensure the reliability of the grid. Given the extreme weather conditions experienced in the U.S., grid resilience and disaster preparedness have become paramount, further emphasizing the importance of high-voltage switchgear capable of withstanding harsh environmental challenges and facilitating swift recovery.