Asia-Pacific High Voltage Switchgear Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Asia-Pacific High-Voltage Switchgear Market is Segmented by Type (Air-Insulated, Gas-Insulated, and Other Types) and Geography (China, India, Japan, and the Rest of Asia-Pacific). The report offers the market size and forecasts in revenue (USD) for all the above segments.

Asia-Pacific High Voltage Switchgear Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Asia-Pacific High Voltage Switchgear Market Size

Asia-Pacific High Voltage Switchgear Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 3.49 Billion
Market Size (2030) USD 4.87 Billion
CAGR (2025 - 2030) 6.91 %
Market Concentration Medium

Major Players

Asia-Pacific High Voltage Switchgear Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Asia-Pacific High Voltage Switchgear Market Analysis

The Asia-Pacific High Voltage Switchgear Market size is estimated at USD 3.49 billion in 2025, and is expected to reach USD 4.87 billion by 2030, at a CAGR of 6.91% during the forecast period (2025-2030).

  • Over the medium period, increasing electricity generation and consumption, along with the changing power generation industry dynamics, are expected to be the major drivers for the transmission and distribution network growth, which, in turn, is expected to drive the high voltage switchgear market during the forecast period.
  • On the other hand, stringent environmental and safety regulations related to the high voltage switchgear market are restraining factors. Also, increasing competition from the unorganized sector of the overall switchgear market is expected to restrain the high voltage switchgear market in the coming years.
  • Nevertheless, expanding power transmission and distribution infrastructure to achieve high electricity access rates in developing and underdeveloped nations is expected to create significant opportunities for high-voltage switchgear manufacturers.

Asia-Pacific High Voltage Switchgear Industry Overview

The Asia-Pacific high-voltage switchgear market is semi-consolidated. Some of the key players in this market (not in a particular order) include ABB Ltd, Schneider Electric SE, General Electric Company, Toshiba International Corporation, and Mitsubishi Electric Corporation, among others.

General Electric Company is focused on addressing the challenges of the energy transition by enabling the safe and reliable connection of renewable and distributed energy resources to the grid. The company has developed a range of products which help improve safety, and flexibility. As a part of its strategy, the company developed products like, Hybrid Gas-Insulated Switchgear and Mobile station.​

The B105 & T155 H-GIS Hybrid Gas-Insulated Switchgear that focuses on 550 kV in power generation, transmission, and heavy industry applications, is environmentally friendly and features one of the lowest gas weights on the market and an advanced SF6 sealing system. Complete digital monitoring control and protection capabilities enable the B105 & T155 to be readily integrated into the smart grid.  

Asia-Pacific High Voltage Switchgear Market Leaders

  1. ABB Ltd

  2. General Electric Company

  3. Siemens AG

  4. Toshiba International Corporation

  5. Mitsubishi Electric Corporation

  6. *Disclaimer: Major Players sorted in no particular order
High Voltage Switchgear.png
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Asia-Pacific High Voltage Switchgear Market News

  • October 2023: China’s transmission grid developer, State Grid of China Corporation (SGCC), has announced the completion of the 1,000 kV Fuzhou–Xiamen ultra-high voltage alternating current power transmission and conversion project, also known as the Fujian North-South Transmission Project. This allows the line to be put into operation as scheduled before the end of 2023. The project involved the construction of a new 1,000 kV double-circuit line spanning 238 km and 832 towers, besides a 6 GW substation. The line passes through the three cities of Fuzhou, Quanzhou, and Zhangzhou, with mountainous terrain, which made the project construction challenging. Once operational, it will increase the power receiving capacity of the Fujian power grid by 4 GW and promote the development of clean energy, such as coastal nuclear power and wind power. 
  • July 2022: Hitachi Energy's Oceaniq is to provide solutions to help accelerate the development of China's offshore wind power. The company will provide the WindSTAR transformers and high-voltage hybrid switchgear plug and switch system (PASS) to China's Tuci offshore wind power project.
  • March 2022: State Grid Corp of China started the construction of two ultrahigh voltage power transmission projects with a total investment of USD 1.7 billion. It comprises an ultrahigh voltage (UHV) power transmission line linking Fuzhou with Xiamen in Fujian province and a line connecting Zhumadian in Henan province with Wuhan in Hubei province. The project is likely to come online by 2023.

Asia-Pacific High Voltage Switchgear Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD, till 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Increasing Electricity Generation and Consumption
    • 4.5.2 Restraints
    • 4.5.2.1 Stringent Environmental and Safety Regulations Related to the High Voltage Switchgear
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Air-insulated
    • 5.1.2 Gas-insulated
    • 5.1.3 Other Types
  • 5.2 Geography
    • 5.2.1 Asia-Pacific
    • 5.2.1.1 India
    • 5.2.1.2 China
    • 5.2.1.3 Japan
    • 5.2.1.4 Rest of the Asia-pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 ABB Ltd
    • 6.3.2 General Electric Company
    • 6.3.3 Siemens AG
    • 6.3.4 Toshiba International Corporation
    • 6.3.5 Mitsubishi Electric Corporation
    • 6.3.6 Bharat Heavy Electricals Limited
    • 6.3.7 Larson & Turbo Limited
    • 6.3.8 Siemens AG
    • 6.3.9 Hyosung Heavy Industries Corp.
    • 6.3.10 Hitachi Energy Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Expanding Power Transmission and Distribution Infrastructure to Achieve High Electricity Access Rates in Developing and Underdeveloped Nations
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Asia-Pacific High Voltage Switchgear Industry Segmentation

High voltage switchgear is a type of electrical equipment that is used to control, protect, and isolate electrical power transmission and distribution systems with voltage levels exceeding 1kV. Switchgear is typically used in substations, power plants, and industrial applications to control the flow of electricity and ensure the safety of personnel working on the electrical system.

The Asia-Pacific high-voltage switchgear market is segmented by type and geography. By type, the market is segmented into air-insulated, gas-insulated, and other types. By geography, the market is segmented into China, India, Japan, and the rest of Asia-Pacific. The report also covers the market size and forecasts for the Asia-Pacific high-voltage switchgear market across major countries in the region.

For each segment, the market sizing and forecasts have been done based on revenue (USD).

Type Air-insulated
Gas-insulated
Other Types
Geography Asia-Pacific India
China
Japan
Rest of the Asia-pacific
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Asia-Pacific High Voltage Switchgear Market Research Faqs

How big is the Asia-Pacific High Voltage Switchgear Market?

The Asia-Pacific High Voltage Switchgear Market size is expected to reach USD 3.49 billion in 2025 and grow at a CAGR of 6.91% to reach USD 4.87 billion by 2030.

What is the current Asia-Pacific High Voltage Switchgear Market size?

In 2025, the Asia-Pacific High Voltage Switchgear Market size is expected to reach USD 3.49 billion.

Who are the key players in Asia-Pacific High Voltage Switchgear Market?

ABB Ltd, General Electric Company, Siemens AG, Toshiba International Corporation and Mitsubishi Electric Corporation are the major companies operating in the Asia-Pacific High Voltage Switchgear Market.

What years does this Asia-Pacific High Voltage Switchgear Market cover, and what was the market size in 2024?

In 2024, the Asia-Pacific High Voltage Switchgear Market size was estimated at USD 3.25 billion. The report covers the Asia-Pacific High Voltage Switchgear Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific High Voltage Switchgear Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Asia-Pacific High Voltage Switchgear Industry Report

Statistics for the 2025 Asia-Pacific High Voltage Switchgear market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific High Voltage Switchgear analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.