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U.S. Switchgear Market Size - By Voltage (Low, Medium, High), By Insulation (Air, Gas, Oil, Vacuum), By Current (AC, DC), By Application (Residential, Commercial & Industrial, Utility) & Forecast Report, 2023 - 2032

  • Report ID: GMI5809
  • Published Date: May 2023
  • Report Format: PDF

U.S. Switchgear Market Size

U.S. Switchgear Market size surpassed USD 15.5 billion in 2022 and is anticipated to grow at 5.7% from 2023 to 2032 driven by a mix of cogeneration facilities spread across grid infrastructure and a growing preference for sustainable power. The North American market will surpass USD 44 billion by 2032.

U.S. Switchgear Market

The continued need for efficient monitoring and control systems as well as growing infrastructure development is poised to drive the industry growth. Switchgear demand is projected to increase due to a new generation mix and increased energy consumption to support rapid urbanization. Due to rising urbanization and energy demand, the market is anticipated to expand within the time frame. The product demand is high in industrial sector as a result of increased industrialization, particularly in emerging nations. The rise of the industrial sector, increased demand for energy efficiency, along with the construction of power distribution infrastructure all contribute to the switchgear market growth.

COVID-19 Impact

Delay in the supply chain and a decline in demand from the commercial and industrial sectors impacted the U.S. market. Raw material shortages & a labor shortages made it more difficult for the United States switchgear market expansion. Supply chain disruptions, logistics delays, and several nations ceasing manufacturing operations all contributed to COVID- 19’s constrained growth. However, following the pandemic, the market for switchgear is anticipated to expand due to economic development and the uptake of automation technologies.

U.S. Switchgear Market Trends

The industry outlook will be complemented by the rising need for upgrading current electrical infrastructure and rising investments in grid infrastructure. A favorable business environment has been further incorporated by the lack of efficient & dependable electric networks in emerging countries and the shifting preference for the improvement of existing infrastructure in developed countries.

U.S. Switchgear Market Analysis

The U.S. switchgear market has largely been inspired by various sets of regulatory mandates & guidelines for the standardization of products and the deployment & manufacturing trends around the country. Grid-isolated zones are the prime focus points for several regulators & installers as these pose a significant potential for industry development. Moreover, the rising demand for energy together with positive consumer inclinations toward sustainable electricity networks will propel the low voltage switchgear market growth. Expanding advancements in the framework of power plants and substations have broaden the product demand.

U.S. Switchgear Market Size, By Application

Increasing energy demand and the strengthening T&D networks over the years has increased the demand for switchgear. Oil insulation on account of volatile prices has witnessed minimal market hold in the current competitive industry scenario. The technology is projected to witness negligible market growth owing to the need for supplementary equipment for the maintenance and service of systems which in turn hikes the operational costs. In adherence to operational safety, oil insulated units possess the threat of leakage which further impedes the product demand. The global market for gas insulated switchgear is projected to grow at 8% CAGR till 2030

U.S. Switchgear Market Revenue Share, By Insulation,

AC switchgear industry will witness a significant growth owing to the key product features including economical losses, lesser heat generation, effective and flexible high-end voltage levels. Ease of handling and conducting properties coupled with ease of transformation will further thrust the U.S. switchgear market outlook. However, competitive lay-down costs, economic machinery cost, ease of installation and manufacture are few indispensable parameters driving the product demand. In addition, across U.S. market integrate AC distribution infrastructure, hence these products find wide applications and feasibility across the standardized industry protocol. The availability of support for AC circuits interconnection due to lower operational losses will further stimulate the product adoption.

U.S. Switchgear Market Volume

The use of switching components in commercial applications is being pushed by infrastructure developments. The development of new industrial structures including offices of the government, power plants, banks, and other commercial buildings and renovation, will further foster the industry growth. The returns will be boosted by government-aided sustainable businesses that allocate building spending in the residential sector. Large-scale suburban migration along with favorable regulatory measures to ensure a healthy livelihood for domestic residents have led to urbanization and commercial expansion around the U.S. Increase in the population index across cities and favorable measures for electrification in grid-isolated areas have led to a significant rise in energy consumption.

U.S. Switchgear Market Share

Strategic partnerships and collaborations among major players will fuel the U.S. switchgear market. The major industry players are focusing on energy efficiency, smart grid, industrialization, and expansion of the transmission & distribution facilities with new product innovations and acquisitions has amplified the demand for switchgears.

Leading industry participants the regional market include

  • Siemens
  • ABB
  • General Electric
  • Schneider Electric
  • Mitsubishi Electric Corporation
  • Ormazabal
  • CG Power & Industrial Solutions Ltd
  • CHINT Group
  • Hyundai Electric & Energy Systems Co., Ltd.
  • Powell Industries
  • Regal Rexnord Corporation
  • E+I Engineering
  • Fuji Electric Co., Ltd
  • Hitachi, Ltd
  • Eaton

U.S. Switchgear Industry News

  • In January 2022, ABB collaborated with Samsung electronics to contribute mutually on developed technologies for smart IOT connections, energy management and energy savings for both commercial and residential buildings.
  • In December 2022, Eaton launched the HMH series of new medium-voltage switchgear for use in secondary distribution frameworks, industrial facilities, and compact kiosk-type transformer substations. The metal-encased switchgear is created in the plant and undergoes all routine type-approval tests. The units can be commissioned quickly and safely. Additionally, HMH Series modular switchgear can be quickly and securely utilized in kiosk type transformer substations owing to its compact and minimized dimension.

This U.S. 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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Market, By Voltage

  • Low
  • Medium
  • High

Market, By Insulation

  • Air
  • Gas
  • Oil
  • Vacuum
  • Others

Market, By Current

  • AC
  • DC

Market, By Application

  • Residential
  • Commercial & Industrial
  • Utility


Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of U.S. switchgear surpassed USD 15.5 billion in 2022 and is expected to depict 5.7% CAGR during 2023 to 2032, says this GMI report.

The U.S. switchgear industry size from the insulation technology segment will expand by 2032 due to the increasing energy demand and the strengthening of T&D networks in the country.

The commercial switchgear sector in U.S. will grow at a substantial rate by 2032 due to the development of new industrial structures including offices, power plants, banks, and other commercial buildings.

Siemens, ABB, General Electric, Schneider Electric, Mitsubishi Electric Corporation, Ormazabal, CG Power & Industrial Solutions Ltd, CHINT Group, HYOSUNG HEAVY INDUSTRIES, Hyundai Electric & Energy Systems Co., Ltd., and Powell Industries.

U.S. Switchgear Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 64
  • Countries covered: 1
  • Pages: 70
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