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North America Switchgear Market Size By Voltage (Low, Medium, High), By Insulation (Air, Gas, Oil, Vacuum), By Installation (Indoor, Outdoor), By Current (AC, DC), By Application (Residential & Commercial, Industrial, Utilities), Industry Analysis Report, Regional Outlook, Covid-19 Impact Analysis, Application Development Potential, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI3241
  • Published Date: May 2021
  • Report Format: PDF

Industry Trends

North America Switchgear Market size was valued at over USD 16 billion in 2020 and is anticipated to surge at a rate of over 6% between 2021 and 2027. Switchgears are electrical devices that are composed of circuit breakers, electrical disconnect switches, fuses and relays used to control, protect, monitor, and isolate electrical equipment. Rising infrastructural spending coupled with increasing demand for effective monitoring & control systems will foster the business outlook. In addition, ongoing integration of renewable power generation along with retrofitting and replacement of conventional power infrastructure will propel the industry demand.

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Refurbishment and replacement of existing electrical grid will drive the North America switchgear industry statistics

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Low voltage segment of North America switchgear market size is estimated to surpass an annual installation of over 11 million units by 2027. Increasing regional government efforts to expand the microgrid networks coupled with rising investments toward residential and commercial infrastructure construction will positively stimulate the industry scenario. Ongoing technological advancement and growing R&D investment toward manufacturing of hybrid products will foster product adoption. For instance, ABB in 2019 launched Neogear as low voltage switchgear which offers digital capabilities including data analytics, remote assistance, predictive & monitoring management, and real-time condition.

Growing customer inclination toward the adoption of low carbon emission electrical equipment will complement the industry scenario

Air insulated segment of North America switchgear market share will upsurge on account of its ability to provide effective operational safety, low GHG emission and minimum capital investment. Retrofitting and refurbishment of conventional electrical networks along with growing integration of advanced monitoring & control devices will further complement the product demand. For instance, in 2020, Schneider Electric launched its new medium voltage SF6 free switchgear SM AirSeT which utilizes pure air as well as vacuum interruption as an insulating medium. Ongoing technological advancements coupled with increasing investments by major industry players toward product development will boost the industry portfolio.

North America switchgear industry by vacuum insulation holds the majority market share on account of its high consumer reliability and low carbon emission. The product has gained an upsurge owing to economical price, and lower competitive influence from other insulated technologies. In addition, versatile product applications coupled with enhanced technological portfolios will positively sway the industry scenario.

Ongoing investments toward development of long-distance power infrastructural networks will foster the industry scenario

Outdoor installation segment of North America switchgear market is anticipated to surpass USD 20 billion by 2027. Ability of these units to enhance the operability, reduce maintenance, and sustain the aesthetic proximity of the peripherals will drive the product demand. In addition, various manufacturers have introduced components with automated self-assessment features which further ease the end user to effectively handle and avoid minor operational disturbances. Furthermore, installation of long-distance high voltage lines along with development of new power distribution network will sway the product demand.

Increasing fund allocations to develop the large solar and wind farms across the region will complement the business scenario

Rising demand for safe and reliable systems along with the growing installation for HVDC systems toward the T&D networks will augment the North America DC switchgear industry. Expansion of ultra-high transmission lines and cables to cater to the rising electricity demand across the utility and industrial sector will positively sway the product demand. Moreover, increasing investments from public and private sources toward development of large solar and offshore wind farms along with government efforts to increase the renewable energy mix across the region will further stimulate the industry forecasts.

Government efforts to enhance the construction spending along with paradigm shift toward decentralized power grid will drive the industry trends

The residential & commercial segment of North America switchgear market in 2020 accounted for an annual installation of over 3 million units. Government efforts to increase the total construction expenditure across the commercial sector along with favorable government aided renewable establishments toward the residential establishment will drive the industry landscape. Paradigm shift toward the decentralization of power grid along with increasing demand for micro grid networks will further boost the business outlook.

U.S. will dominate the North America switchgear market on account of development of large renewable projects and growing demand for advanced electrical equipment

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U.S. switchgear market share exceeded USD 20 billion in 2020. Replacement of existing electrical equipment along with rising infrastructural spending will foster the industry landscape. In addition, exponential rise in electricity demand along with favorable government initiatives to enhance the development of renewable interconnected power network will complement the business scenario. According to the U.S. Central Bureau, in 2019, commercial construction spending across the country witnessed an increase of 4% to USD 1,324 billion. Increasing fund allocation towards the development of microgrid network along with adoption of smart monitoring and control devices will sway the product adoption.

During the COVID-19 outbreak, the power sector witnesses minimal impact on account of ongoing development of renewable power generation sources as well as no hinderance toward the construction of solar and wind farms. For instance, at the end of 2020, the U.S. government introduced various guidelines stating the operational and maintenance of existing power generation with respect to existing or developing grid infrastructure. The power sector is considered under vital business activities which operated without any hinderance during the pandemic effect.

Ongoing technological advancements along with rising R&D investments to deploy smart and reliable switchgears will thrust the business scenario

Major players operating across the North America switchgear market includes Toshiba, ABB, General Electric, WEG, Mitsubishi Electric Systems, Schneider Electric, Siemens AG, Hitachi, Hubbell, Powell Industries, Hyosung, Hyundai Electric & Energy Systems, Fuji Electric, Meidensha Corporation and Eaton Corporation.

North America switchgear market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD” from 2020 to 2027, for the following segments:

By Voltage

  • Low Voltage
  • Medium Voltage
  • High Voltage

By Insulation

  • Air
  • Gas
  • Oil
  • Vacuum
  • Others

By Installation

  • Indoor
  • Outdoor

By Current

  • AC
  • DC

By Application

  • Residential & Commercial
  • Industrial
  • Utilities

The above information has been provided for the North America and country includes are the U.S. and Canada.


Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

North America market for switchgear had exceeded USD 16 billion in 2020 and will witness a CAGR of over 6% through 2027.
Outdoor installation segment will surpass USD 20 billion by 2027 owing to the ability of these units to enhance the operability, reduce maintenance, and sustain the aesthetic proximity of the.
U.S. switchgear industry had recorded a valuation of more than USD 20 billion in 2020 owing to increasing infrastructural expenditure and replacement of existing electrical equipment in the country.
Residential & commercial segment had accounted for an annual installation of over 3 million units in 2020 on account of increasing expenditure on commercial construction activities and funding for renewable establishments in residential sector.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 15
  • Tables & Figures: 167
  • Countries covered: 2
  • Pages: 165
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