North America Medium Voltage Switchgear Market is Expected to grow at a robust CAGR of 8.35% through 2030F
The
North America Medium Voltage Switchgear Market will be led by the United
States, driven by infrastructure upgrades, renewable energy integration, and
smart grid initiatives, during the forecast period 2026-2030F.
According
to TechSci Research report, “North
America Medium Voltage Switchgear Market – By Country, Competition, Forecast
& Opportunities, 2020-2030F, The North America Medium Voltage
Switchgear Market was valued at USD 3.30 Billion in 2024 and is expected to
reach USD 5.34 Billion by 2030 with a CAGR of 8.35% during the forecast period.
The
demand for electricity across industrial and commercial sectors in North
America has been on the rise, fueled by ongoing industrialization,
technological advancements, and an expanding commercial sector. From data
centers and manufacturing facilities to retail and office buildings, businesses
are heavily reliant on continuous and reliable power supply to operate
efficiently. The rise in the number of energy-intensive industries, such as
electric vehicle manufacturing, digital services, and automation, is further
intensifying the need for robust power distribution systems. Medium voltage
switchgear provides critical solutions to meet the high and fluctuating energy
demands of these sectors by enabling better control, protection, and fault
isolation across various components of the electrical grid. This demand for
electricity is expected to continue growing, as businesses seek to scale their
operations and embrace new technologies.
Sustainability
continues to be a defining trend in the North America Medium Voltage Switchgear
Market, as industries and utilities seek to adopt environmentally friendly and
energy-efficient solutions. Medium voltage switchgear manufacturers are
increasingly focusing on developing products that comply with stricter
environmental regulations and sustainability standards. For instance, the use
of eco-friendly insulating materials, such as gas-insulated switchgear, which
reduces the environmental impact compared to traditional air-insulated systems,
is gaining traction.
Manufacturers
are working to improve the energy efficiency of medium voltage switchgear
systems by incorporating advanced features such as automated fault detection
and power optimization to reduce energy consumption. The growing emphasis on
reducing carbon emissions and improving energy efficiency in both public and
private sectors is driving the demand for such green technologies in power
distribution systems. As renewable energy sources continue to gain market share
and industries face mounting pressure to meet environmental targets, there is
an increasing need for electrical infrastructure solutions that support these
objectives. Medium voltage switchgear is at the heart of this transition,
offering advanced solutions that not only enhance grid reliability but also
contribute to overall energy sustainability. This trend is expected to continue
as regulatory frameworks around emissions intensify and industries push for
cleaner and more efficient technologies.
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Based
on Application, Transmission & Distribution segment is expected to be the
fastest-growing segment in the North America Medium Voltage Switchgear Market
during the forecast period. This growth is primarily driven by the increasing
demand for reliable and efficient power transmission and distribution systems
globally. Transmission & Distribution utilities are crucial for ensuring
the delivery of electricity from power plants to end-users, and with rising
energy demands, especially in emerging economies, there is a significant push
for upgrading and expanding infrastructure. Several factors contribute to the
rapid growth of this segment. The global shift towards smart grid technologies
and undergrounding of electrical networks is fueling demand for advanced products
like medium voltage switchgear, transformers, and circuit breakers. These
technologies not only enhance the resilience and efficiency of power grids but
also facilitate integration with renewable energy sources like solar and wind.
The
increase in electrical infrastructure investments in both developed and
developing regions is boosting market growth. Governments and utilities are
focusing on modernizing aging grids, increasing reliability, and reducing
downtime through predictive maintenance and digitalization. Growing concerns
about climate change and extreme weather events have prompted utilities to
prioritize system upgrades that can withstand severe weather conditions,
further accelerating the adoption of advanced Transmission & Distribution
equipment, making this segment the fastest-growing in the market during the
forecast period.
Based
on country, Mexico is rapidly emerging as the fastest-growing region in the
North America Medium Voltage Switchgear Market, driven by significant
infrastructure development and modernization efforts. The country is undergoing
a major transformation in its power grid, focusing on enhancing efficiency,
reliability, and resilience. As Mexico transitions to more sustainable energy
sources, such as wind and solar, there is an increasing need for advanced
medium voltage switchgear to manage and distribute power effectively.
The
growth of industrial sectors, such as manufacturing and automotive, is driving
demand for reliable electrical infrastructure. Government initiatives aimed at
improving energy access and sustainability further support the adoption of
medium voltage switchgear, positioning Mexico as a key growth market in the
region.
Key
market players in the North America Medium Voltage Switchgear market are: -
- ABB
Ltd.
- Siemens
AG
- Schneider
Electric SE
- Eaton
Corporation plc
- Mitsubishi
Electric Corporation
- LS
Electric Co., Ltd.
- Toshiba
Corporation
- Powell
Industries, Inc.
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“The
North America Medium Voltage Switchgear Market is poised for significant growth
due to increasing infrastructure investments, the shift towards smart grids,
and the demand for more resilient power distribution systems. Key drivers
include the modernization of aging electrical grids, the undergrounding of
overhead networks, and the integration of renewable energy sources. Advancements
in digitalization and predictive maintenance technologies are boosting the
adoption of medium voltage switchgear. The ongoing expansion of data centers
and upgrades to power grids, particularly in the U.S. and Canada, will further
accelerate market growth in the coming years.Top of Form” said Mr. Karan Chechi, Research Director of
TechSci Research, a research-based Global management consulting firm.
“North America Medium Voltage Switchgear Market By
Voltage (3kV-5kV, 6kV-15kV, 16kV-27kV, 28kV-40kV), By Current (AC, DC), By
Insulation (Air Insulated Switchgear, Gas Insulated Switchgear, Others), By
Application (Transmission & Distribution Utilities, Commercial,
Residential, Others), By Country, Competition, Forecast and Opportunities,
2020-2030F”, has
evaluated the future growth potential of North America Medium Voltage
Switchgear Market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in North America Medium
Voltage Switchgear Market.
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