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

The South America 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 (Brazil, Argentina, Chile, and Rest of South America). The report offers the market size and forecasts in revenue (USD) for all the above segments.

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

South America Medium Voltage Switchgear Market Size

South America Medium Voltage Switchgear Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 1.31 Billion
Market Size (2030) USD 1.81 Billion
CAGR (2025 - 2030) 6.69 %
Market Concentration Low

Major Players

South America Medium Voltage Switchgear Market Major Players

*Disclaimer: Major Players sorted in no particular order

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South America Medium Voltage Switchgear Market Analysis

The South America Medium Voltage Switchgear Market size is estimated at USD 1.31 billion in 2025, and is expected to reach USD 1.81 billion by 2030, at a CAGR of 6.69% during the forecast period (2025-2030).

  • Over the long term, the medium voltage switchgear market is anticipated to experience a surge in demand due to the rising investments in the electricity sector and the growing adoption of renewable energy sources.
  • On the other hand, the market growth is likely to be impeded by the anticipated high costs of operations and maintenance. 
  • Nevertheless, the medium voltage switchgear market is projected to encounter significant opportunities due to the mounting technological investments aimed at manufacturing efficient switchgear.

South America Medium Voltage Switchgear Industry Overview

The South American 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 October 2023, ABB unveiled the 500 mm panel version of the UniGear ZS1, its latest in air-insulated medium-voltage switchgear technology, at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2023. This 500mm panel version of ABB’s latest AIS MV switchgear with VD4 circuit breaker and asset health monitoring solutions represents a significant leap forward for high-reliability level, quality, and sustainability. 

South America 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
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South America Medium Voltage Switchgear Market News

  • November 2023: Hitachi Energy announced that it won an order to provide Taesa, one of Brazil’s largest private electric energy transmission groups, with an extensive upgrade of the Garabi high-voltage direct current (HVDC) converter station in Brazil. The link can transmit up to 2,200 megawatts of electricity.
  • May 2022: Schneider Electric introduced its latest offering, the SureSeT MV switchgear, for the worldwide market. This upgraded and advanced solution, supported by the award-winning EvoPacT circuit breaker, replaces the existing Masterclad product for primary switchgear applications. The new and improved SureSeT MV switchgear is a compact, robust, and intelligent solution that facilitates daily digital operations.
  • March 2022; Ingeteam SA announced that it had provided a range of electrical equipment for two solar projects in Brazil, with a combined capacity of 210 MWp. The two photovoltaic plants, Brígida and Bon Nome, have received supplies for their power systems, including solar inverters, a power transformer, medium voltage switchgear, and an auxiliary services panel and an auxiliary services transformer.

South America 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
    • 4.5.1.1 Rising Investments in the Electricity Sector
    • 4.5.2 Restraints
    • 4.5.2.1 High Costs of Operations and Maintenance
  • 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 Brazil
    • 5.4.2 Argentina
    • 5.4.3 Chile
    • 5.4.4 Rest of South America

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

  • 7.1 Technological Investments Aimed at Manufacturing Efficient Switchgear
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South America 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 South American medium voltage switchgear market is segmented by application, installation, insulation, and geography. By application, the market is segmented into residential, industrial and 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 major countries in the region.

For each segment, the market sizing and forecasts have been done based on revenue capacity in 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)] Brazil
Argentina
Chile
Rest of South America
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South America Medium Voltage Switchgear Market Research Faqs

How big is the South America Medium Voltage Switchgear Market?

The South America Medium Voltage Switchgear Market size is expected to reach USD 1.31 billion in 2025 and grow at a CAGR of 6.69% to reach USD 1.81 billion by 2030.

What is the current South America Medium Voltage Switchgear Market size?

In 2025, the South America Medium Voltage Switchgear Market size is expected to reach USD 1.31 billion.

Who are the key players in South America Medium Voltage Switchgear Market?

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

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

In 2024, the South America Medium Voltage Switchgear Market size was estimated at USD 1.22 billion. The report covers the South America Medium Voltage Switchgear Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South America Medium Voltage Switchgear Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

South America Medium Voltage Switchgear Industry Report

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