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Utility Scale Switchgear Market Size, Share, and Trends 2024 to 2034

The global utility scale switchgear market size is calculated at USD 18.48 billion in 2025 and is forecasted to reach around USD 29.99 billion by 2034, accelerating at a CAGR of 5.53% from 2025 to 2034. The Asia Pacific market size surpassed USD 7.18 billion in 2024 and is expanding at a CAGR of 5.65% during the forecast period. The market size and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 5422
  • Category : Energy and Power

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID-19 Impact on Utility Scale Switchgear Market 

5.1. COVID-19 Landscape: Utility Scale Switchgear Industry Impact

5.2. COVID-19 - Impact Assessment for the Industry

5.3. COVID-19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Utility Scale Switchgear Market, By Voltage Level

8.1. Utility Scale Switchgear Market Revenue and Volume, by Voltage Level

8.1.1. Medium Voltage (1 kV - 52 kV)

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. High-voltage (66 kV - 150 kV)

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Extra High-voltage (220 kV and above)

8.1.3.1. Market Revenue and Volume Forecast

Chapter 9. Global Utility Scale Switchgear Market, By Type

9.1. Utility Scale Switchgear Market Revenue and Volume, by Type

9.1.1. Gas-Insulated Switchgear (GIS)

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Air-Insulated Switchgear (AIS)

9.1.2.1. Market Revenue and Volume Forecast

Chapter 10. Global Utility Scale Switchgear Market, By Installation 

10.1. Utility Scale Switchgear Market Revenue and Volume, by Installation

10.1.1. Indoor

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. Outdoor

10.1.2.1. Market Revenue and Volume Forecast

Chapter 11. Global Utility Scale Switchgear Market, By Application

11.1. Utility Scale Switchgear Market Revenue and Volume, by Application

11.1.1. Substations

11.1.1.1. Market Revenue and Volume Forecast

11.1.2. Power Plants

11.1.2.1. Market Revenue and Volume Forecast

11.1.3. Industrial Facilities

11.1.3.1. Market Revenue and Volume Forecast

Chapter 12. Global Utility Scale Switchgear Market, By Functional Features

12.1. Utility Scale Switchgear Market Revenue and Volume, by Functional Features

12.1.1. Circuit Breakers

12.1.1.1. Market Revenue and Volume Forecast

12.1.2. Disconnectors

12.1.2.1. Market Revenue and Volume Forecast

12.1.3. Earthing Switches

12.1.3.1. Market Revenue and Volume Forecast

12.1.4. Current Transformers

12.1.4.1. Market Revenue and Volume Forecast

12.1.5. Voltage Transformers

12.1.5.1. Market Revenue and Volume Forecast

Chapter 13. Global Utility Scale Switchgear Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Volume Forecast, by Voltage Level

13.1.2. Market Revenue and Volume Forecast, by Type

13.1.3. Market Revenue and Volume Forecast, by Installation

13.1.4. Market Revenue and Volume Forecast, by Application

13.1.5. Market Revenue and Volume Forecast, by Functional Features

13.1.6. U.S.

13.1.6.1. Market Revenue and Volume Forecast, by Voltage Level

13.1.6.2. Market Revenue and Volume Forecast, by Type

13.1.6.3. Market Revenue and Volume Forecast, by Installation

13.1.6.4. Market Revenue and Volume Forecast, by Application

13.1.6.5. Market Revenue and Volume Forecast, by Functional Features  

13.1.7. Rest of North America

13.1.7.1. Market Revenue and Volume Forecast, by Voltage Level

13.1.7.2. Market Revenue and Volume Forecast, by Type

13.1.7.3. Market Revenue and Volume Forecast, by Installation

13.1.7.4. Market Revenue and Volume Forecast, by Application

13.1.7.5. Market Revenue and Volume Forecast, by Functional Features

13.2. Europe

13.2.1. Market Revenue and Volume Forecast, by Voltage Level

13.2.2. Market Revenue and Volume Forecast, by Type

13.2.3. Market Revenue and Volume Forecast, by Installation

13.2.4. Market Revenue and Volume Forecast, by Application  

13.2.5. Market Revenue and Volume Forecast, by Functional Features  

13.2.6. UK

13.2.6.1. Market Revenue and Volume Forecast, by Voltage Level

13.2.6.2. Market Revenue and Volume Forecast, by Type

13.2.6.3. Market Revenue and Volume Forecast, by Installation

13.2.7. Market Revenue and Volume Forecast, by Application  

13.2.8. Market Revenue and Volume Forecast, by Functional Features  

13.2.9. Germany

13.2.9.1. Market Revenue and Volume Forecast, by Voltage Level

13.2.9.2. Market Revenue and Volume Forecast, by Type

13.2.9.3. Market Revenue and Volume Forecast, by Installation

13.2.10. Market Revenue and Volume Forecast, by Application

13.2.11. Market Revenue and Volume Forecast, by Functional Features

13.2.12. France

13.2.12.1. Market Revenue and Volume Forecast, by Voltage Level

13.2.12.2. Market Revenue and Volume Forecast, by Type

13.2.12.3. Market Revenue and Volume Forecast, by Installation

13.2.12.4. Market Revenue and Volume Forecast, by Application

13.2.13. Market Revenue and Volume Forecast, by Functional Features

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Volume Forecast, by Voltage Level

13.2.14.2. Market Revenue and Volume Forecast, by Type

13.2.14.3. Market Revenue and Volume Forecast, by Installation

13.2.14.4. Market Revenue and Volume Forecast, by Application

13.2.15. Market Revenue and Volume Forecast, by Functional Features

13.3. APAC

13.3.1. Market Revenue and Volume Forecast, by Voltage Level

13.3.2. Market Revenue and Volume Forecast, by Type

13.3.3. Market Revenue and Volume Forecast, by Installation

13.3.4. Market Revenue and Volume Forecast, by Application

13.3.5. Market Revenue and Volume Forecast, by Functional Features

13.3.6. India

13.3.6.1. Market Revenue and Volume Forecast, by Voltage Level

13.3.6.2. Market Revenue and Volume Forecast, by Type

13.3.6.3. Market Revenue and Volume Forecast, by Installation

13.3.6.4. Market Revenue and Volume Forecast, by Application

13.3.7. Market Revenue and Volume Forecast, by Functional Features

13.3.8. China

13.3.8.1. Market Revenue and Volume Forecast, by Voltage Level

13.3.8.2. Market Revenue and Volume Forecast, by Type

13.3.8.3. Market Revenue and Volume Forecast, by Installation

13.3.8.4. Market Revenue and Volume Forecast, by Application

13.3.9. Market Revenue and Volume Forecast, by Functional Features

13.3.10. Japan

13.3.10.1. Market Revenue and Volume Forecast, by Voltage Level

13.3.10.2. Market Revenue and Volume Forecast, by Type

13.3.10.3. Market Revenue and Volume Forecast, by Installation

13.3.10.4. Market Revenue and Volume Forecast, by Application

13.3.10.5. Market Revenue and Volume Forecast, by Functional Features

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Volume Forecast, by Voltage Level

13.3.11.2. Market Revenue and Volume Forecast, by Type

13.3.11.3. Market Revenue and Volume Forecast, by Installation

13.3.11.4. Market Revenue and Volume Forecast, by Application

13.3.11.5. Market Revenue and Volume Forecast, by Functional Features

13.4. MEA

13.4.1. Market Revenue and Volume Forecast, by Voltage Level

13.4.2. Market Revenue and Volume Forecast, by Type

13.4.3. Market Revenue and Volume Forecast, by Installation

13.4.4. Market Revenue and Volume Forecast, by Application

13.4.5. Market Revenue and Volume Forecast, by Functional Features

13.4.6. GCC

13.4.6.1. Market Revenue and Volume Forecast, by Voltage Level

13.4.6.2. Market Revenue and Volume Forecast, by Type

13.4.6.3. Market Revenue and Volume Forecast, by Installation

13.4.6.4. Market Revenue and Volume Forecast, by Application

13.4.7. Market Revenue and Volume Forecast, by Functional Features

13.4.8. North Africa

13.4.8.1. Market Revenue and Volume Forecast, by Voltage Level

13.4.8.2. Market Revenue and Volume Forecast, by Type

13.4.8.3. Market Revenue and Volume Forecast, by Installation

13.4.8.4. Market Revenue and Volume Forecast, by Application

13.4.9. Market Revenue and Volume Forecast, by Functional Features

13.4.10. South Africa

13.4.10.1. Market Revenue and Volume Forecast, by Voltage Level

13.4.10.2. Market Revenue and Volume Forecast, by Type

13.4.10.3. Market Revenue and Volume Forecast, by Installation

13.4.10.4. Market Revenue and Volume Forecast, by Application

13.4.10.5. Market Revenue and Volume Forecast, by Functional Features

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Volume Forecast, by Voltage Level

13.4.11.2. Market Revenue and Volume Forecast, by Type

13.4.11.3. Market Revenue and Volume Forecast, by Installation

13.4.11.4. Market Revenue and Volume Forecast, by Application

13.4.11.5. Market Revenue and Volume Forecast, by Functional Features

13.5. Latin America

13.5.1. Market Revenue and Volume Forecast, by Voltage Level

13.5.2. Market Revenue and Volume Forecast, by Type

13.5.3. Market Revenue and Volume Forecast, by Installation

13.5.4. Market Revenue and Volume Forecast, by Application

13.5.5. Market Revenue and Volume Forecast, by Functional Features

13.5.6. Brazil

13.5.6.1. Market Revenue and Volume Forecast, by Voltage Level

13.5.6.2. Market Revenue and Volume Forecast, by Type

13.5.6.3. Market Revenue and Volume Forecast, by Installation

13.5.6.4. Market Revenue and Volume Forecast, by Application

13.5.7. Market Revenue and Volume Forecast, by Functional Features

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Volume Forecast, by Voltage Level

13.5.8.2. Market Revenue and Volume Forecast, by Type

13.5.8.3. Market Revenue and Volume Forecast, by Installation

13.5.8.4. Market Revenue and Volume Forecast, by Application

13.5.8.5. Market Revenue and Volume Forecast, by Functional Features

Chapter 14. Company Profiles

14.1. Crompton Greaves

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. Siemens

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. Mitsubishi Electric

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. Larsen Toubro

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Schneider Electric

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. Hitachi

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. General Electric

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. Eaton

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. ABB

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. Hyundai Electric

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

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Frequently Asked Questions

The global utility scale switchgear market size is expected to grow from USD 17.51 billion in 2024 to USD 29.99 billion by 2034.

The utility scale switchgear market is anticipated to grow at a CAGR of 5.53% between 2025 and 2034.

The major players operating in the utility scale switchgear market are Crompton Greaves, Siemens, Mitsubishi Electric, Larsen Toubro, Schneider Electric, Hitachi, General Electric, Eaton, ABB, Hyundai Electric, CG Power and Industrial Solutions, Fuji Electric, Toshiba, and Others.

The driving factors of the utility scale switchgear market are the rising inclination towards renewable energy and also increasing demand for electricity in the wider range of applications

Asia Pacific region will lead the global utility scale switchgear market during the forecast period 2025 to 2034.

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