Europe Medium Voltage Switchgear Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Europe Medium Voltage Switchgear Market is Segmented by Application (Residential, Industrial and Commercial, and Utility), Installation (Indoor and Outdoor), Insulation (Air, Gas, Oil, and Other Insulations), and Geography (United Kingdom, France, Germany, and Rest of Europe). The report offers the market size and forecasts in revenue (USD) for all the above segments.

Europe Medium Voltage Switchgear Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Europe Medium Voltage Switchgear Market Size

Europe Medium Voltage Switchgear Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 2.56 Billion
Market Size (2030) USD 3.44 Billion
CAGR (2025 - 2030) 6.09 %
Market Concentration Low

Major Players

Europe Medium Voltage Switchgear Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Medium Voltage Switchgear Market Analysis

The Europe Medium Voltage Switchgear Market size is estimated at USD 2.56 billion in 2025, and is expected to reach USD 3.44 billion by 2030, at a CAGR of 6.09% during the forecast period (2025-2030).

  • Over the medium term, the increasing investment in the electricity sector and increasing adaption of renewable energy sources are expected to drive the market.
  • On the other hand, high operations and maintenance costs are expected to hinder the market growth. 
  • Nevertheless, the increasing technological investments in the market to produce efficient switchgear are expected to create huge opportunities for the market.

Europe Medium Voltage Switchgear Industry Overview

The Europe medium voltage switchgear market is fragmented. Some of the key players in this market (in no particular order) are ABB Ltd, Schneider Electric, Siemens AG, Eaton Corporation, and Mitsubishi Electric Corporation., among others.

In November 2023, ABB and the European Investment Bank (EIB) signed a USD 540 million financing agreement to support ABB’s research and development in its Electrification business area. ABB intends to utilize the EIB funding to design and develop next-generation electrical distribution solutions. Development efforts will include eco-friendly switchgear, solid-state circuit breakers, and technology that improves building efficiency and automation. The funding is going to support R&D projects in Finland, Germany, Italy, the Czech Republic, Norway, Switzerland, Poland, and several other European countries.

Europe Medium Voltage Switchgear Market Leaders

  1. ABB Ltd

  2. Schneider Electric

  3. Siemens AG

  4. Eaton Corporation

  5. Mitsubishi Electric Corporation.

  6. *Disclaimer: Major Players sorted in no particular order
Europe Medium Voltage Switchgear.png
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Europe Medium Voltage Switchgear Market News

  • March 2023: Schneider Electric began constructing its new smart factory in Dunavesce, Hungary. The new site will span 25,000 m2 and employ 500 people, with a proposed expenditure of USD 42 million. The plant will manufacture main and secondary switchgear, low voltage cabinets and components, and a state-of-the-art SF6-free medium voltage switchgear line, all to unique customer specifications.
  • March 2023: Siemens announced investing USD 31.5 million to expand its switchgear manufacturing facility in Frankfurt-Fechenheim. The expanded production space will enable a third switchgear assembly line, bolstering the site and providing new jobs in the region. The plant's environmentally friendly medium-voltage switchgear manufacturing is expanding, and the two new buildings will feature photovoltaic roofs.

Europe Medium Voltage Switchgear Market Report - Table of Contents

1. INTRODUCTION

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

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Industry Attractiveness - 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 Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Application
    • 5.1.1 Residential
    • 5.1.2 Commercial and Industrial
    • 5.1.3 Utility
  • 5.2 Installation
    • 5.2.1 Outdoor
    • 5.2.2 Indoor
  • 5.3 Insulation
    • 5.3.1 Air
    • 5.3.2 Gas
    • 5.3.3 Oil
    • 5.3.4 Other Insulations
  • 5.4 Geography [Market Size and Demand Forecast till 2028 (for regions only)]
    • 5.4.1 Germany
    • 5.4.2 France
    • 5.4.3 United Kingdom
    • 5.4.4 Rest of Europe

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and 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 Rockwell automation
    • 6.3.3 Schneider Electric
    • 6.3.4 Siemens AG
    • 6.3.5 Toshiba International Corporation
    • 6.3.6 Hitachi, Ltd.
    • 6.3.7 Eaton Corporation
    • 6.3.8 Mitsubishi Electric Corporation
    • 6.3.9 HD Hyundai Electric
    • 6.3.10 Fuji Electric Co., Ltd.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Europe Medium Voltage Switchgear Industry Segmentation

Medium voltage switchgear is electrical equipment used to control, protect, and isolate electrical power systems operating at voltages ranging from 1 kV to 35 kV. They are typically installed in power distribution networks such as commercial buildings, industrial facilities, and utility substations. Medium voltage switchgear serves as a central point for power distribution, allowing for the efficient and safe operation of the electrical system. They consist of various components such as circuit breakers, fuses, disconnect switches, relays, and transformers and are designed to provide reliable and secure switching and protection of electrical equipment and circuits.

The Europe medium voltage switchgear market is segmented by application, installation, insulation, and geography. By application, the market is segmented into residential, industrial, commercial, and utility. By installation, the market is segmented into indoor and outdoor. By insulation, the market is segmented into air, gas, oil, and other insulations. The report also covers the market size and forecasts for the medium voltage switchgear market across countries in the regions.

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

Application Residential
Commercial and Industrial
Utility
Installation Outdoor
Indoor
Insulation Air
Gas
Oil
Other Insulations
Geography [Market Size and Demand Forecast till 2028 (for regions only)] Germany
France
United Kingdom
Rest of Europe
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Europe Medium Voltage Switchgear Market Research Faqs

How big is the Europe Medium Voltage Switchgear Market?

The Europe Medium Voltage Switchgear Market size is expected to reach USD 2.56 billion in 2025 and grow at a CAGR of 6.09% to reach USD 3.44 billion by 2030.

What is the current Europe Medium Voltage Switchgear Market size?

In 2025, the Europe Medium Voltage Switchgear Market size is expected to reach USD 2.56 billion.

Who are the key players in Europe Medium Voltage Switchgear Market?

ABB Ltd, Schneider Electric, Siemens AG, Eaton Corporation and Mitsubishi Electric Corporation. are the major companies operating in the Europe Medium Voltage Switchgear Market.

What years does this Europe Medium Voltage Switchgear Market cover, and what was the market size in 2024?

In 2024, the Europe Medium Voltage Switchgear Market size was estimated at USD 2.40 billion. The report covers the Europe Medium Voltage Switchgear Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Medium Voltage Switchgear Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Europe Medium Voltage Switchgear Industry Report

Statistics for the 2025 Europe Medium Voltage Switchgear market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Medium 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.