Vacuum Insulated Switchgear Market Size

Vacuum Insulated Switchgear Market Size

Vacuum Insulated Switchgear Market size was valued at USD 74.5 billion in 2022 and is poised to grow at over 7.1% CAGR from 2023 to 2032, owing to the numerous advantages offered by the technology. Vacuum insulation eliminates the need for hazardous substances such as SF6 gas, reducing the risk of fire, explosion, and environmental pollution. It provides a safer operating environment for personnel and reduces the potential for equipment damage, thus complementing the market growth. The global market for switchgear is likely to grow at around 7% growth rate through forecast period.

Vacuum offers excellent dielectric strength, enabling effective insulation and arc quenching in VIS. This allows for compact and reliable switchgear designs with reduced spacing requirements. Moreover, the growing need for reliable and uninterrupted power distribution in various sectors, including utilities, industries, commercial buildings, and infrastructure, is driving the demand for VIS. These units ensures efficient and reliable power transmission and distribution, contributing to the overall stability and quality of electrical grids, therefore ensuring a substantial rise in product deployment in the coming years.