Global Power Switchgear Market Growth 2025-2031

Publication ID:

LPI03258908

Publication Date:

March 5, 2025

Pages:

110

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Energy Trading & Marketing [2]

Electricity [3]

Energy & Utilities [4]

Description:

The global Power Switchgear market size is predicted to grow from US$ 7475 million in 2025 to US$ 10550 million in 2031; it is expected to grow at a CAGR of 5.9% from 2025 to 2031.
Power switchgear, often simply referred to as switchgear, is a crucial component of electrical distribution systems and networks. It is an integrated assembly of devices used to control, protect, and isolate electrical equipment and circuits. Power switchgear plays a vital role in ensuring the safe and reliable distribution of electrical power in various applications, including industrial facilities, power generation plants, commercial buildings, and utility substations.
Growth in Renewable Energy: The expansion of renewable energy sources, such as wind and solar power, has driven the demand for medium and high-voltage switchgear to connect renewable energy installations to the grid and manage intermittent power generation.
Grid Modernization: The need to upgrade and modernize electrical grids for improved efficiency, reliability, and integration of distributed energy resources (DERs) has led to investments in advanced switchgear technologies, including digital and smart switchgear.
Smart Grid Integration: Smart switchgear equipped with sensors, communication capabilities, and automation features is becoming more common. These systems enable real-time monitoring, control, and predictive maintenance, contributing to grid reliability.
Evolving Industrial Automation: The growth of industrial automation and the adoption of Industry 4.0 principles have led to the demand for intelligent switchgear solutions to improve manufacturing processes and energy management.
Energy Storage Integration: The integration of energy storage systems, such as batteries, with switchgear solutions is a growing trend, as it supports grid stability, peak shaving, and load management.
The 鈥淧ower Switchgear Industry Forecast鈥� looks at past sales and reviews total world Power Switchgear sales in 2024, providing a comprehensive analysis by region and market sector of projected Power Switchgear sales for 2025 through 2031. With Power Switchgear sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Power Switchgear industry.
This Insight Report provides a comprehensive analysis of the global Power Switchgear landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Power Switchgear portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Power Switchgear market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Power Switchgear and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Power Switchgear.
This report presents a comprehensive overview, market shares, and growth opportunities of Power Switchgear market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
High Voltage Power Switchgear
Medium Voltage Power Switchgear
Low Voltage Power Switchgear
Segmentation by Application:
Power Plants
Substations
Petrochemical
Metallurgy Rolling
Textile
Industrial Enterprises
Residential Areas
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Lucy Electric
GE Industrial
C&S Electric
Schneider Electric
Eaton
ZTT International
Hyundai Ideal Electric
Pacific Controls
Safety Electrical Group
Brayan Group
NCE Switchgear
Voyten Electric
Siemens
RESA Power
Key Questions Addressed in this Report
What is the 10-year outlook for the global Power Switchgear market?
What factors are driving Power Switchgear market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Power Switchgear market opportunities vary by end market size?
How does Power Switchgear break out by Type, by Application?

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Power Switchgear Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Power Switchgear by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Power Switchgear by Country/Region, 2020, 2024 & 2031
2.2 Power Switchgear Segment by Type
2.2.1 High Voltage Power Switchgear
2.2.2 Medium Voltage Power Switchgear
2.2.3 Low Voltage Power Switchgear
2.3 Power Switchgear Sales by Type
2.3.1 Global Power Switchgear Sales Market Share by Type (2020-2025)
2.3.2 Global Power Switchgear Revenue and Market Share by Type (2020-2025)
2.3.3 Global Power Switchgear Sale Price by Type (2020-2025)
2.4 Power Switchgear Segment by Application
2.4.1 Power Plants
2.4.2 Substations
2.4.3 Petrochemical
2.4.4 Metallurgy Rolling
2.4.5 Textile
2.4.6 Industrial Enterprises
2.4.7 Residential Areas
2.5 Power Switchgear Sales by Application
2.5.1 Global Power Switchgear Sale Market Share by Application (2020-2025)
2.5.2 Global Power Switchgear Revenue and Market Share by Application (2020-2025)
2.5.3 Global Power Switchgear Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Power Switchgear Breakdown Data by Company
3.1.1 Global Power Switchgear Annual Sales by Company (2020-2025)
3.1.2 Global Power Switchgear Sales Market Share by Company (2020-2025)
3.2 Global Power Switchgear Annual Revenue by Company (2020-2025)
3.2.1 Global Power Switchgear Revenue by Company (2020-2025)
3.2.2 Global Power Switchgear Revenue Market Share by Company (2020-2025)
3.3 Global Power Switchgear Sale Price by Company
3.4 Key Manufacturers Power Switchgear Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Power Switchgear Product Location Distribution
3.4.2 Players Power Switchgear Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Power Switchgear by Geographic Region
4.1 World Historic Power Switchgear Market Size by Geographic Region (2020-2025)
4.1.1 Global Power Switchgear Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Power Switchgear Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Power Switchgear Market Size by Country/Region (2020-2025)
4.2.1 Global Power Switchgear Annual Sales by Country/Region (2020-2025)
4.2.2 Global Power Switchgear Annual Revenue by Country/Region (2020-2025)
4.3 Americas Power Switchgear Sales Growth
4.4 APAC Power Switchgear Sales Growth
4.5 Europe Power Switchgear Sales Growth
4.6 Middle East & Africa Power Switchgear Sales Growth
5 Americas
5.1 Americas Power Switchgear Sales by Country
5.1.1 Americas Power Switchgear Sales by Country (2020-2025)
5.1.2 Americas Power Switchgear Revenue by Country (2020-2025)
5.2 Americas Power Switchgear Sales by Type (2020-2025)
5.3 Americas Power Switchgear Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Power Switchgear Sales by Region
6.1.1 APAC Power Switchgear Sales by Region (2020-2025)
6.1.2 APAC Power Switchgear Revenue by Region (2020-2025)
6.2 APAC Power Switchgear Sales by Type (2020-2025)
6.3 APAC Power Switchgear Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Power Switchgear by Country
7.1.1 Europe Power Switchgear Sales by Country (2020-2025)
7.1.2 Europe Power Switchgear Revenue by Country (2020-2025)
7.2 Europe Power Switchgear Sales by Type (2020-2025)
7.3 Europe Power Switchgear Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Power Switchgear by Country
8.1.1 Middle East & Africa Power Switchgear Sales by Country (2020-2025)
8.1.2 Middle East & Africa Power Switchgear Revenue by Country (2020-2025)
8.2 Middle East & Africa Power Switchgear Sales by Type (2020-2025)
8.3 Middle East & Africa Power Switchgear Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Power Switchgear
10.3 Manufacturing Process Analysis of Power Switchgear
10.4 Industry Chain Structure of Power Switchgear
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Power Switchgear Distributors
11.3 Power Switchgear Customer
12 World Forecast Review for Power Switchgear by Geographic Region
12.1 Global Power Switchgear Market Size Forecast by Region
12.1.1 Global Power Switchgear Forecast by Region (2026-2031)
12.1.2 Global Power Switchgear Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Power Switchgear Forecast by Type (2026-2031)
12.7 Global Power Switchgear Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Lucy Electric
13.1.1 Lucy Electric Company Information
13.1.2 Lucy Electric Power Switchgear Product Portfolios and Specifications
13.1.3 Lucy Electric Power Switchgear Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Lucy Electric Main Business Overview
13.1.5 Lucy Electric Latest Developments
13.2 GE Industrial
13.2.1 GE Industrial Company Information
13.2.2 GE Industrial Power Switchgear Product Portfolios and Specifications
13.2.3 GE Industrial Power Switchgear Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 GE Industrial Main Business Overview
13.2.5 GE Industrial Latest Developments
13.3 C&S Electric
13.3.1 C&S Electric Company Information
13.3.2 C&S Electric Power Switchgear Product Portfolios and Specifications
13.3.3 C&S Electric Power Switchgear Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 C&S Electric Main Business Overview
13.3.5 C&S Electric Latest Developments
13.4 Schneider Electric
13.4.1 Schneider Electric Company Information
13.4.2 Schneider Electric Power Switchgear Product Portfolios and Specifications
13.4.3 Schneider Electric Power Switchgear Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Schneider Electric Main Business Overview
13.4.5 Schneider Electric Latest Developments
13.5 Eaton
13.5.1 Eaton Company Information
13.5.2 Eaton Power Switchgear Product Portfolios and Specifications
13.5.3 Eaton Power Switchgear Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Eaton Main Business Overview
13.5.5 Eaton Latest Developments
13.6 ZTT International
13.6.1 ZTT International Company Information
13.6.2 ZTT International Power Switchgear Product Portfolios and Specifications
13.6.3 ZTT International Power Switchgear Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 ZTT International Main Business Overview
13.6.5 ZTT International Latest Developments
13.7 Hyundai Ideal Electric
13.7.1 Hyundai Ideal Electric Company Information
13.7.2 Hyundai Ideal Electric Power Switchgear Product Portfolios and Specifications
13.7.3 Hyundai Ideal Electric Power Switchgear Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Hyundai Ideal Electric Main Business Overview
13.7.5 Hyundai Ideal Electric Latest Developments
13.8 Pacific Controls
13.8.1 Pacific Controls Company Information
13.8.2 Pacific Controls Power Switchgear Product Portfolios and Specifications
13.8.3 Pacific Controls Power Switchgear Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Pacific Controls Main Business Overview
13.8.5 Pacific Controls Latest Developments
13.9 Safety Electrical Group
13.9.1 Safety Electrical Group Company Information
13.9.2 Safety Electrical Group Power Switchgear Product Portfolios and Specifications
13.9.3 Safety Electrical Group Power Switchgear Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Safety Electrical Group Main Business Overview
13.9.5 Safety Electrical Group Latest Developments
13.10 Brayan Group
13.10.1 Brayan Group Company Information
13.10.2 Brayan Group Power Switchgear Product Portfolios and Specifications
13.10.3 Brayan Group Power Switchgear Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Brayan Group Main Business Overview
13.10.5 Brayan Group Latest Developments
13.11 NCE Switchgear
13.11.1 NCE Switchgear Company Information
13.11.2 NCE Switchgear Power Switchgear Product Portfolios and Specifications
13.11.3 NCE Switchgear Power Switchgear Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 NCE Switchgear Main Business Overview
13.11.5 NCE Switchgear Latest Developments
13.12 Voyten Electric
13.12.1 Voyten Electric Company Information
13.12.2 Voyten Electric Power Switchgear Product Portfolios and Specifications
13.12.3 Voyten Electric Power Switchgear Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 Voyten Electric Main Business Overview
13.12.5 Voyten Electric Latest Developments
13.13 Siemens
13.13.1 Siemens Company Information
13.13.2 Siemens Power Switchgear Product Portfolios and Specifications
13.13.3 Siemens Power Switchgear Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 Siemens Main Business Overview
13.13.5 Siemens Latest Developments
13.14 RESA Power
13.14.1 RESA Power Company Information
13.14.2 RESA Power Power Switchgear Product Portfolios and Specifications
13.14.3 RESA Power Power Switchgear Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 RESA Power Main Business Overview
13.14.5 RESA Power Latest Developments
14 Research Findings and Conclusion

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