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

The North America High Voltage Switchgear Market Size & Share and it is Segmented by Type (Air-insulated, Gas-insulated, Other Types) and Geography (United States, Canada, and Mexico). The report offers the market size and forecasts for the North America high voltage switchgear market in USD for all the above segments.

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

North America High Voltage Switchgear Market Size

North America High Voltage Switchgear Market  Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 4.22 Billion
Market Size (2030) USD 5.55 Billion
CAGR (2025 - 2030) 5.60 %
Market Concentration Low

Major Players

North America High Voltage Switchgear Market  Major Players

*Disclaimer: Major Players sorted in no particular order

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North America High Voltage Switchgear Market Analysis

The North America High Voltage Switchgear Market size is estimated at USD 4.22 billion in 2025, and is expected to reach USD 5.55 billion by 2030, at a CAGR of 5.6% during the forecast period (2025-2030).

  • Over the medium term, factors such as expansion of power transmission and distribution (T&D) infrastructure in order to achieve high rates of electricity accesshave and government initiatives are expected to drive the North America high-voltage switchgear market.
  • On the other hand, the increasing adoption of self-generated renewable power in the residential and commercial sectors can dampen the demand for power distribution networks and, thus, the high-voltage switchgear market.
  • Nevertheless, the technological advancements in the development of advanced high-voltage switchgear are expected to create ample of opportunities for the high voltage switchgear market during the forecast period.
  • The United States is anticipated to grow fastest due to the upcoming high-voltage power grid projects to integrate renewable energy.

North America High Voltage Switchgear Industry Overview

The North America high voltage switchgear market is fragmented. Some of the key players (in no particular order) include ABB Ltd., Siemens Energy AG, Alstom SA, Beijing SOJO Electric Co., Ltd., and REV Engineering Ltd.

North America High Voltage Switchgear Market Leaders

  1. ABB Ltd.

  2. Alstom SA

  3. Beijing SOJO Electric Co., Ltd.

  4. Siemens Energy AG

  5. REV Engineering Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
North America High Voltage Switchgear Market  Concentration
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North America High Voltage Switchgear Market News

  • May 2023: A power utility in New Hampshire, United States, proposed a new power transmission line to carry renewable energy from Canada to the United States. The 211-mile transmission line project, which includes an investment of USD2 billion, called as Twin State Clean Energy Link, would not only carry hydropower from Canada to New England but also wind and solar power from the power facilities.
  • May 2023: Pattern Energy has selected Hitachi Energy to supply its high-voltage direct current (HVDC) and other advanced technologies for the SunZia Transmission Project. It will connect the 3,500-megawatt (MW) SunZia Wind project in New Mexico to the power grid in Arizona and Southern California, which will be among the world's most extensive transmission links providing renewable energy.

North America High Voltage Switchgear Market Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the 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 Expansion of Power Transmission and Distribution (T&D) Infrastructure
    • 4.5.1.2 Government Initiatives
    • 4.5.2 Restraints
    • 4.5.2.1 Increasing Adoption of Self-generated Renewable Power in the Residential and Commercial Sectors
  • 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 Type
    • 5.1.1 Air-insulated
    • 5.1.2 Gas-insulated
    • 5.1.3 Other Types
  • 5.2 Geography
    • 5.2.1 United States
    • 5.2.2 Canada
    • 5.2.3 Mexico

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 Siemens Energy AG
    • 6.3.3 Alstom SA
    • 6.3.4 Beijing SOJO Electric Co., Ltd.
    • 6.3.5 REV Engineering Ltd.
    • 6.3.6 Toshiba Corporation
    • 6.3.7 Fuji Electric Co Ltd.
    • 6.3.8 Schneider Electric SE
    • 6.3.9 Mitsubishi Electric Corporation
    • 6.3.10 General Electric Company
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Technological Advancements in the Development of Advanced High-voltage Switchgear
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North America High Voltage Switchgear Industry Segmentation

High-voltage switchgear is a device that deals with power systems above 36kV. They consist of circuit breakers, fuses, groups of capacitor banks, and other protective electrical appliances. The high-voltage circuit breakers are the main components of high-voltage switchgear, which protect electrical systems in power generation plants and transmission networks.

The North America high-voltage switchgear market is segmented by Type. By type, the market is segmented by Air-insulated, Gas-insulated, Other Types. The report also covers the size and forecasts for the North America high voltage switchgear market across major countries. The report offers the market size and forecasts for the North America high voltage switchgear market in USD for all the above segments.

Type Air-insulated
Gas-insulated
Other Types
Geography United States
Canada
Mexico
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North America High Voltage Switchgear Market Market Research Faqs

How big is the North America High Voltage Switchgear Market?

The North America High Voltage Switchgear Market size is expected to reach USD 4.22 billion in 2025 and grow at a CAGR of 5.60% to reach USD 5.55 billion by 2030.

What is the current North America High Voltage Switchgear Market size?

In 2025, the North America High Voltage Switchgear Market size is expected to reach USD 4.22 billion.

Who are the key players in North America High Voltage Switchgear Market?

ABB Ltd., Alstom SA, Beijing SOJO Electric Co., Ltd., Siemens Energy AG and REV Engineering Ltd. are the major companies operating in the North America High Voltage Switchgear Market.

What years does this North America High Voltage Switchgear Market cover, and what was the market size in 2024?

In 2024, the North America High Voltage Switchgear Market size was estimated at USD 3.98 billion. The report covers the North America High Voltage Switchgear Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the North America High Voltage Switchgear Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

North America High Voltage Switchgear Market Industry Report

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