North America Air-Insulated Switchgear Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The North America air-insulated switchgear market is segmented by Voltage (Low Voltage, Medium Voltage, and High Voltage), End-User (Power Utilities, Industrial sector, and Commercial and Residential), and Geography (Canada, United States, and Mexico). The report offers the market size and forecasts for the switchgear market in revenue (USD billion) for all the above segments.

North America Air-Insulated Switchgear Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

North America Air-Insulated Switchgear Market Size

North America Air-Insulated Switchgear Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 7.00 %
Market Concentration Medium

Major Players

North America Air-Insulated Switchgear Market Major Players

*Disclaimer: Major Players sorted in no particular order

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North America Air-Insulated Switchgear Market Analysis

The North America Air-Insulated Switchgear Market is expected to register a CAGR of greater than 7% during the forecast period.

  • The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels. Over the medium term, factors such as increasing investments in transmission and distribution infrastructure are expected to drive the demand for air-insulated switchgear during the forecast period.
  • On the other hand, the adoption of gas-insulated switchgear may restrain the market. Nevertheless, plans to integrate renewable energy with the national grids are expected to create a significant amount of opportunity for the switchgear market players in the near future. The United States is the fastest-growing country in the North America air-insulated Switchgear market during the forecast period.

North America Air-Insulated Switchgear Industry Overview

The North American switchgear market is moderately fragmented. Some of the key players ( not in particular order) are Schneider Electric SE, Siemens AG, Hitachi Energy Ltd., General Electric Company, and Eaton corporation.

North America Air-Insulated Switchgear Market Leaders

  1. Schneider Electric SE

  2. Eaton corporation

  3. Siemens AG

  4. General Electric Company

  5. Hitachi Energy Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
North America Air-Insulated Switchgear Market Concentration
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North America Air-Insulated Switchgear Market News

  • May 2022: The federal government launched USD 2.5 billion in funds to modernize and expand the country's power grid capacity under the Transmission Facilitation Program (TFP) created by the Bipartisan Infrastructure Law. As part of this, the US Department of Energy (DOE) issued a request for information (RFI) to seek public input on the structure of the new revolving fund program.

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 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 Voltage
    • 5.1.1 Low Voltage
    • 5.1.2 Medium Voltage
    • 5.1.3 High Voltage
  • 5.2 End-User
    • 5.2.1 Commercial & Residential
    • 5.2.2 Power Utilities
    • 5.2.3 Industrial Sector
  • 5.3 Geography
    • 5.3.1 Canada
    • 5.3.2 Mexico
    • 5.3.3 United states

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 Energy Ltd.
    • 6.3.2 Schneider Electric SE
    • 6.3.3 General Electric Company
    • 6.3.4 Eaton Corporation PLC
    • 6.3.5 Toshiba Corp.
    • 6.3.6 Mitsubishi Electric Corporation
    • 6.3.7 Siemens Energy AG
    • 6.3.8 Hyosung Heavy Industries Corp.
    • 6.3.9 Bharat Heavy Electricals Limited
    • 6.3.10 Powell industries Inc
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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North America Air-Insulated Switchgear Industry Segmentation

Air-insulated switchgear is extensively used in power distribution facilities and small sub-stations in energy storage including residential neighborhoods, skyscrapers, sizable public buildings, and industrial complexes.

The North America air-insulated switchgear market is segmented by voltage, end-user, and geography. By voltage, the market is segmented into low voltage, medium voltage, and high voltage. By end-user, the market is segmented into power utilities, industrial sector, commercial, and residential. The report also covers the market size and forecasts for the air-insulated switchgear market across major countries in the region, such as Canada, the United States, and Mexico. 

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

Voltage Low Voltage
Medium Voltage
High Voltage
End-User Commercial & Residential
Power Utilities
Industrial Sector
Geography Canada
Mexico
United states
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Frequently Asked Questions

What is the current North America Air-Insulated Switchgear Market size?

The North America Air-Insulated Switchgear Market is projected to register a CAGR of greater than 7% during the forecast period (2025-2030)

Who are the key players in North America Air-Insulated Switchgear Market?

Schneider Electric SE, Eaton corporation, Siemens AG, General Electric Company and Hitachi Energy Ltd. are the major companies operating in the North America Air-Insulated Switchgear Market.

What years does this North America Air-Insulated Switchgear Market cover?

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

North America Air-Insulated Switchgear Industry Report

Statistics for the 2025 North America Air-Insulated Switchgear market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Air-Insulated 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.