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

The Global Medium Voltage Switchgear Market is segmented by Voltage (3kV to 12kV, 12kV to 24kV, and 24kV to 36kV), Insulation (Gas Insulated Switchgear (GIS), Air Insulated Switchgear (AIS), and Others), Component (Circuit Breakers, Contactors, fuses, and Switches & Disconnector) End-User (Commercial, Residential, and Industrial), and by Geography (North America, Asia Pacific, Europe, Middle East and Africa, and South America). The report offers the market size and forecasts for the medium voltage switchgear market in revenue (USD Million) for all the above segments.

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

Medium Voltage Switchgear Market Size

Medium Voltage Switchgear Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 7.00 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Medium

Major Players

Medium Voltage Switchgear Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Medium Voltage Switchgear Market with other markets in Energy & Power Industry

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Medium Voltage Switchgear Market Analysis

The Medium Voltage Switchgear Market is expected to register a CAGR of greater than 7% during the forecast period.

Increasing investments in transmission and distribution infrastructure is expected to drive the demand for Switchgear during the forecast period.

However, SF6 gas used in insulating Switchgear is a potent greenhouse gas with a global warming potential that may restrain the market.

Plans to integrate renewable energy with the national grids are expected to create significant opportunities for the switchgear market players in the near future.

Europe is the fastest-growing medium voltage switchgear market during the forecast period.

Medium Voltage Switchgear Industry Overview

Medium voltage switchgear market is moderately fragmented. Some of the key players are Schneider Electric SE, Siemens AG, Hitachi ABB Power Grids Ltd, General Electric Company, and Eaton corporation.

Medium Voltage Switchgear Market Leaders

  1. Schneider Electric SE

  2. Siemens AG

  3. Hitachi ABB Power Grids Ltd

  4. General Electric Company

  5. *Disclaimer: Major Players sorted in no particular order
Medium Voltage Switchgear Market Concentration
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Medium Voltage Switchgear Market News

  • September 2022: ABB unveiled its new factory in Vietnam to increase the production of medium-voltage switchgear. The manufacturing hub was expected to produce 2,000 panels of ABB's UniGear Medium Voltage Switchgear and 700 units of plug-and-play modular power distribution systems each year on production lines planned and built using the proven lean manufacturing principles used in the company's European facilities.
  • March 2022: Nuventura and Aktif Elektroteknik partnered to develop and manufacture SF6-free primary, gas-insulated switchgear (GIS) in Turkey, using Nuventura's dry air technology. Aktif was likely to manufacture the product and provide after-sales servicing and maintenance to their customers.

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
    • 4.5.1.1 Increasing investments in transmission and distribution infrastructure.
    • 4.5.2 Restraints
    • 4.5.2.1 Utilization of SF6 gas in insulating switchgears
  • 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 Voltage
    • 5.1.1 3kV to 12kV
    • 5.1.2 12kV to 24kV
    • 5.1.3 24kV to 36kV
  • 5.2 Component
    • 5.2.1 Circuit Breakers
    • 5.2.2 Contactors
    • 5.2.3 Switches & Disconnector
    • 5.2.4 Fuses
  • 5.3 Insulation
    • 5.3.1 Air Insulation Switchgear
    • 5.3.2 Gas Insulation Switchgear
    • 5.3.3 Other Insulation Types
  • 5.4 End-User
    • 5.4.1 Commercial & Residential
    • 5.4.2 Power utilities
    • 5.4.3 Industrial sector
  • 5.5 Geography (Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)})
    • 5.5.1 Asia-Pacific
    • 5.5.1.1 China
    • 5.5.1.2 India
    • 5.5.1.3 Japan
    • 5.5.1.4 ASEAN Countries
    • 5.5.1.5 Rest of Asia-Pacific
    • 5.5.2 Europe
    • 5.5.2.1 Germany
    • 5.5.2.2 United Kingdom
    • 5.5.2.3 France
    • 5.5.2.4 Italy
    • 5.5.2.5 Rest of Europe
    • 5.5.3 North America
    • 5.5.3.1 United States
    • 5.5.3.2 Canada
    • 5.5.3.3 Rest of North America
    • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Argentina
    • 5.5.4.3 Rest of South America
    • 5.5.5 Middle East and Africa
    • 5.5.5.1 Saudi Arabia
    • 5.5.5.2 United Arab Emirates
    • 5.5.5.3 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers, Acquisitions, Collaboration and Joint Ventures
  • 6.2 Strategies Adopted by Key Players
  • 6.3 Company Profiles
    • 6.3.1 Hitachi ABB Ltd.
    • 6.3.2 Schneider Electric SE
    • 6.3.3 Chint Group
    • 6.3.4 General Electric Company
    • 6.3.5 Eaton Corporation PLC
    • 6.3.6 Toshiba Corp.
    • 6.3.7 Lucy Group ltd
    • 6.3.8 Mitsubishi Electric Corporation
    • 6.3.9 Siemens Energy AG
    • 6.3.10 Hyosung Heavy Industries Corp.
    • 6.3.11 Bharat Heavy Electricals Limited
    • 6.3.12 Powell industries Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Integration of renewable energy with national grid
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Medium Voltage Switchgear Industry Segmentation

A medium voltage switchgear is a collection of electrical equipment housed in a predominantly metal structure. This centralized set contains numerous switches, transformers, fuses, and circuit breakers. Electrical panels are used to better safeguard, control, and isolate electrical equipment.

The global medium voltage switchgear market is segmented by voltage, insulation, components country, and end-user. The market is segmented by voltage into 3kV to 12kV, 12kV to 24kV, and 24kV to 36kV. The market is segmented by insulation into gas-insulated switchgear (GIS), air-insulated switchgear (AIS), and others. The market is segmented by components into circuit breakers, contactors, fuses, and switches & disconnectors. The market is segmented by end-user into commercial, industrial, and residential. The report also covers the market size and forecasts for the switchgear market across the regions. For each segment, the market sizing and forecasts have been done based on revenue (USD billion).

Voltage 3kV to 12kV
12kV to 24kV
24kV to 36kV
Component Circuit Breakers
Contactors
Switches & Disconnector
Fuses
Insulation Air Insulation Switchgear
Gas Insulation Switchgear
Other Insulation Types
End-User Commercial & Residential
Power utilities
Industrial sector
Geography (Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)}) Asia-Pacific China
India
Japan
ASEAN Countries
Rest of Asia-Pacific
Europe Germany
United Kingdom
France
Italy
Rest of Europe
North America United States
Canada
Rest of North America
South America Brazil
Argentina
Rest of South America
Middle East and Africa Saudi Arabia
United Arab Emirates
Rest of Middle East and Africa
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Frequently Asked Questions

What is the current Medium Voltage Switchgear Market size?

The Medium Voltage Switchgear Market is projected to register a CAGR of greater than 7% during the forecast period (2025-2030)

Who are the key players in Medium Voltage Switchgear Market?

Schneider Electric SE, Siemens AG, Hitachi ABB Power Grids Ltd and General Electric Company are the major companies operating in the Medium Voltage Switchgear Market.

Which is the fastest growing region in Medium Voltage Switchgear Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Medium Voltage Switchgear Market?

In 2025, the North America accounts for the largest market share in Medium Voltage Switchgear Market.

What years does this Medium Voltage Switchgear Market cover?

The report covers the Medium Voltage Switchgear Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Medium Voltage Switchgear Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Medium Voltage Switchgear Industry Report

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