The global Medium Voltage Switchgears market size was US$ 15740 million in 2024 and is forecast to a readjusted size of US$ 22190 million by 2031 with a CAGR of 5.1% during the forecast period 2025-2031.
Medium Voltage Switchgears are a complete set of switchgears and control equipments used for Medium Voltage (3.6～40.5kV). It acts as a power center and a main power distribution unit. Mainly used for power lines, the main electrical equipment control, monitoring, measurement and protection. Often set in the substation, power distribution room, etc.
ABB, Schneider Electric and Siemens captured the top three revenue share spots in the Medium Voltage Switchgears market.ABB dominated with 8 percent revenue share, followed by Schneider Electric with 7 percent revenue share and Siemens with 6 percent revenue share.
The global Medium Voltage Switchgears market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.
Market Segmentation
By Company:
ABB
Siemens
Eaton
Schneider Electric
GE Industrial
Toshiba
Hitachi
CHINT
Mitsubishi Electric
Lucy Electric
Fuji Electric
Bharat Heavy Electricals
Crompton Greaves Ltd.
BOER
Hyundai Heavy Industries
Efacec
Nissin Electric
Dual-ADE
Powell Industries
Henan Senyuan Electric
Hyosung Power & Industrial Systems
Huatech
By Type: (Dominant Segment vs High-Margin Innovation)
Air Insulated Switchgears
Gas Insulated Switchgears
Others
By Application: (Core Demand Driver vs Emerging Opportunity)
Residential
Industrial
Commercial
Utility Installations
By Region
Macro-Regional Analysis: Market Size & Growth Forecasts
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Micro-Local Market Deep Dive: Strategic Insights
- Competitive Landscape: Player dominance vs. disruptors (e.g., ABB in Europe)
- Emerging Product Trends: Air Insulated Switchgears adoption vs. Gas Insulated Switchgears premiumization
- Demand-Side Dynamics: Residential growth in China vs. Industrial potential in North America
- Localized Consumer Needs: Regulatory hurdles in EU vs. price sensitivity in India
Focus Markets:
North America
Europe
China
Japan
India
Chapter Outline
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Medium Voltage Switchgears market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Gas Insulated Switchgears in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Industrial in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
Why This Report?
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Medium Voltage Switchgears value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Market Overview
1.1 Medium Voltage Switchgears Product Scope
1.2 Medium Voltage Switchgears by Type
1.2.1 Global Medium Voltage Switchgears Sales by Type (2020 & 2024 & 2031)
1.2.2 Air Insulated Switchgears
1.2.3 Gas Insulated Switchgears
1.2.4 Others
1.3 Medium Voltage Switchgears by Application
1.3.1 Global Medium Voltage Switchgears Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Residential
1.3.3 Industrial
1.3.4 Commercial
1.3.5 Utility Installations
1.4 Global Medium Voltage Switchgears Market Estimates and Forecasts (2020-2031)
1.4.1 Global Medium Voltage Switchgears Market Size in Value Growth Rate (2020-2031)
1.4.2 Global Medium Voltage Switchgears Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global Medium Voltage Switchgears Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global Medium Voltage Switchgears Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global Medium Voltage Switchgears Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global Medium Voltage Switchgears Sales Market Share by Region (2020-2025)
2.2.2 Global Medium Voltage Switchgears Revenue Market Share by Region (2020-2025)
2.3 Global Medium Voltage Switchgears Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global Medium Voltage Switchgears Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global Medium Voltage Switchgears Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 North America Medium Voltage Switchgears Market Size and Prospective (2020-2031)
2.4.2 Europe Medium Voltage Switchgears Market Size and Prospective (2020-2031)
2.4.3 China Medium Voltage Switchgears Market Size and Prospective (2020-2031)
2.4.4 Japan Medium Voltage Switchgears Market Size and Prospective (2020-2031)
2.4.5 India Medium Voltage Switchgears Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global Medium Voltage Switchgears Historic Market Review by Type (2020-2025)
3.1.1 Global Medium Voltage Switchgears Sales by Type (2020-2025)
3.1.2 Global Medium Voltage Switchgears Revenue by Type (2020-2025)
3.1.3 Global Medium Voltage Switchgears Price by Type (2020-2025)
3.2 Global Medium Voltage Switchgears Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global Medium Voltage Switchgears Sales Forecast by Type (2026-2031)
3.2.2 Global Medium Voltage Switchgears Revenue Forecast by Type (2026-2031)
3.2.3 Global Medium Voltage Switchgears Price Forecast by Type (2026-2031)
3.3 Different Types Medium Voltage Switchgears Representative Players
4 Global Market Size by Application
4.1 Global Medium Voltage Switchgears Historic Market Review by Application (2020-2025)
4.1.1 Global Medium Voltage Switchgears Sales by Application (2020-2025)
4.1.2 Global Medium Voltage Switchgears Revenue by Application (2020-2025)
4.1.3 Global Medium Voltage Switchgears Price by Application (2020-2025)
4.2 Global Medium Voltage Switchgears Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global Medium Voltage Switchgears Sales Forecast by Application (2026-2031)
4.2.2 Global Medium Voltage Switchgears Revenue Forecast by Application (2026-2031)
4.2.3 Global Medium Voltage Switchgears Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in Medium Voltage Switchgears Application
5 Competition Landscape by Players
5.1 Global Medium Voltage Switchgears Sales by Players (2020-2025)
5.2 Global Top Medium Voltage Switchgears Players by Revenue (2020-2025)
5.3 Global Medium Voltage Switchgears Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Medium Voltage Switchgears as of 2024)
5.4 Global Medium Voltage Switchgears Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of Medium Voltage Switchgears, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Medium Voltage Switchgears, Product Type & Application
5.7 Global Key Manufacturers of Medium Voltage Switchgears, Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America Medium Voltage Switchgears Sales by Company
6.1.1.1 North America Medium Voltage Switchgears Sales by Company (2020-2025)
6.1.1.2 North America Medium Voltage Switchgears Revenue by Company (2020-2025)
6.1.2 North America Medium Voltage Switchgears Sales Breakdown by Type (2020-2025)
6.1.3 North America Medium Voltage Switchgears Sales Breakdown by Application (2020-2025)
6.1.4 North America Medium Voltage Switchgears Major Customer
6.1.5 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe Medium Voltage Switchgears Sales by Company
6.2.1.1 Europe Medium Voltage Switchgears Sales by Company (2020-2025)
6.2.1.2 Europe Medium Voltage Switchgears Revenue by Company (2020-2025)
6.2.2 Europe Medium Voltage Switchgears Sales Breakdown by Type (2020-2025)
6.2.3 Europe Medium Voltage Switchgears Sales Breakdown by Application (2020-2025)
6.2.4 Europe Medium Voltage Switchgears Major Customer
6.2.5 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China Medium Voltage Switchgears Sales by Company
6.3.1.1 China Medium Voltage Switchgears Sales by Company (2020-2025)
6.3.1.2 China Medium Voltage Switchgears Revenue by Company (2020-2025)
6.3.2 China Medium Voltage Switchgears Sales Breakdown by Type (2020-2025)
6.3.3 China Medium Voltage Switchgears Sales Breakdown by Application (2020-2025)
6.3.4 China Medium Voltage Switchgears Major Customer
6.3.5 China Market Trend and Opportunities
6.4 Japan Market: Players, Segments, Downstream and Major Customers
6.4.1 Japan Medium Voltage Switchgears Sales by Company
6.4.1.1 Japan Medium Voltage Switchgears Sales by Company (2020-2025)
6.4.1.2 Japan Medium Voltage Switchgears Revenue by Company (2020-2025)
6.4.2 Japan Medium Voltage Switchgears Sales Breakdown by Type (2020-2025)
6.4.3 Japan Medium Voltage Switchgears Sales Breakdown by Application (2020-2025)
6.4.4 Japan Medium Voltage Switchgears Major Customer
6.4.5 Japan Market Trend and Opportunities
6.5 India Market: Players, Segments, Downstream and Major Customers
6.5.1 India Medium Voltage Switchgears Sales by Company
6.5.1.1 India Medium Voltage Switchgears Sales by Company (2020-2025)
6.5.1.2 India Medium Voltage Switchgears Revenue by Company (2020-2025)
6.5.2 India Medium Voltage Switchgears Sales Breakdown by Type (2020-2025)
6.5.3 India Medium Voltage Switchgears Sales Breakdown by Application (2020-2025)
6.5.4 India Medium Voltage Switchgears Major Customer
6.5.5 India Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 ABB
7.1.1 ABB Company Information
7.1.2 ABB Business Overview
7.1.3 ABB Medium Voltage Switchgears Sales, Revenue and Gross Margin (2020-2025)
7.1.4 ABB Medium Voltage Switchgears Products Offered
7.1.5 ABB Recent Development
7.2 Siemens
7.2.1 Siemens Company Information
7.2.2 Siemens Business Overview
7.2.3 Siemens Medium Voltage Switchgears Sales, Revenue and Gross Margin (2020-2025)
7.2.4 Siemens Medium Voltage Switchgears Products Offered
7.2.5 Siemens Recent Development
7.3 Eaton
7.3.1 Eaton Company Information
7.3.2 Eaton Business Overview
7.3.3 Eaton Medium Voltage Switchgears Sales, Revenue and Gross Margin (2020-2025)
7.3.4 Eaton Medium Voltage Switchgears Products Offered
7.3.5 Eaton Recent Development
7.4 Schneider Electric
7.4.1 Schneider Electric Company Information
7.4.2 Schneider Electric Business Overview
7.4.3 Schneider Electric Medium Voltage Switchgears Sales, Revenue and Gross Margin (2020-2025)
7.4.4 Schneider Electric Medium Voltage Switchgears Products Offered
7.4.5 Schneider Electric Recent Development
7.5 GE Industrial
7.5.1 GE Industrial Company Information
7.5.2 GE Industrial Business Overview
7.5.3 GE Industrial Medium Voltage Switchgears Sales, Revenue and Gross Margin (2020-2025)
7.5.4 GE Industrial Medium Voltage Switchgears Products Offered
7.5.5 GE Industrial Recent Development
7.6 Toshiba
7.6.1 Toshiba Company Information
7.6.2 Toshiba Business Overview
7.6.3 Toshiba Medium Voltage Switchgears Sales, Revenue and Gross Margin (2020-2025)
7.6.4 Toshiba Medium Voltage Switchgears Products Offered
7.6.5 Toshiba Recent Development
7.7 Hitachi
7.7.1 Hitachi Company Information
7.7.2 Hitachi Business Overview
7.7.3 Hitachi Medium Voltage Switchgears Sales, Revenue and Gross Margin (2020-2025)
7.7.4 Hitachi Medium Voltage Switchgears Products Offered
7.7.5 Hitachi Recent Development
7.8 CHINT
7.8.1 CHINT Company Information
7.8.2 CHINT Business Overview
7.8.3 CHINT Medium Voltage Switchgears Sales, Revenue and Gross Margin (2020-2025)
7.8.4 CHINT Medium Voltage Switchgears Products Offered
7.8.5 CHINT Recent Development
7.9 Mitsubishi Electric
7.9.1 Mitsubishi Electric Company Information
7.9.2 Mitsubishi Electric Business Overview
7.9.3 Mitsubishi Electric Medium Voltage Switchgears Sales, Revenue and Gross Margin (2020-2025)
7.9.4 Mitsubishi Electric Medium Voltage Switchgears Products Offered
7.9.5 Mitsubishi Electric Recent Development
7.10 Lucy Electric
7.10.1 Lucy Electric Company Information
7.10.2 Lucy Electric Business Overview
7.10.3 Lucy Electric Medium Voltage Switchgears Sales, Revenue and Gross Margin (2020-2025)
7.10.4 Lucy Electric Medium Voltage Switchgears Products Offered
7.10.5 Lucy Electric Recent Development
7.11 Fuji Electric
7.11.1 Fuji Electric Company Information
7.11.2 Fuji Electric Business Overview
7.11.3 Fuji Electric Medium Voltage Switchgears Sales, Revenue and Gross Margin (2020-2025)
7.11.4 Fuji Electric Medium Voltage Switchgears Products Offered
7.11.5 Fuji Electric Recent Development
7.12 Bharat Heavy Electricals
7.12.1 Bharat Heavy Electricals Company Information
7.12.2 Bharat Heavy Electricals Business Overview
7.12.3 Bharat Heavy Electricals Medium Voltage Switchgears Sales, Revenue and Gross Margin (2020-2025)
7.12.4 Bharat Heavy Electricals Medium Voltage Switchgears Products Offered
7.12.5 Bharat Heavy Electricals Recent Development
7.13 Crompton Greaves Ltd.
7.13.1 Crompton Greaves Ltd. Company Information
7.13.2 Crompton Greaves Ltd. Business Overview
7.13.3 Crompton Greaves Ltd. Medium Voltage Switchgears Sales, Revenue and Gross Margin (2020-2025)
7.13.4 Crompton Greaves Ltd. Medium Voltage Switchgears Products Offered
7.13.5 Crompton Greaves Ltd. Recent Development
7.14 BOER
7.14.1 BOER Company Information
7.14.2 BOER Business Overview
7.14.3 BOER Medium Voltage Switchgears Sales, Revenue and Gross Margin (2020-2025)
7.14.4 BOER Medium Voltage Switchgears Products Offered
7.14.5 BOER Recent Development
7.15 Hyundai Heavy Industries
7.15.1 Hyundai Heavy Industries Company Information
7.15.2 Hyundai Heavy Industries Business Overview
7.15.3 Hyundai Heavy Industries Medium Voltage Switchgears Sales, Revenue and Gross Margin (2020-2025)
7.15.4 Hyundai Heavy Industries Medium Voltage Switchgears Products Offered
7.15.5 Hyundai Heavy Industries Recent Development
7.16 Efacec
7.16.1 Efacec Company Information
7.16.2 Efacec Business Overview
7.16.3 Efacec Medium Voltage Switchgears Sales, Revenue and Gross Margin (2020-2025)
7.16.4 Efacec Medium Voltage Switchgears Products Offered
7.16.5 Efacec Recent Development
7.17 Nissin Electric
7.17.1 Nissin Electric Company Information
7.17.2 Nissin Electric Business Overview
7.17.3 Nissin Electric Medium Voltage Switchgears Sales, Revenue and Gross Margin (2020-2025)
7.17.4 Nissin Electric Medium Voltage Switchgears Products Offered
7.17.5 Nissin Electric Recent Development
7.18 Dual-ADE
7.18.1 Dual-ADE Company Information
7.18.2 Dual-ADE Business Overview
7.18.3 Dual-ADE Medium Voltage Switchgears Sales, Revenue and Gross Margin (2020-2025)
7.18.4 Dual-ADE Medium Voltage Switchgears Products Offered
7.18.5 Dual-ADE Recent Development
7.19 Powell Industries
7.19.1 Powell Industries Company Information
7.19.2 Powell Industries Business Overview
7.19.3 Powell Industries Medium Voltage Switchgears Sales, Revenue and Gross Margin (2020-2025)
7.19.4 Powell Industries Medium Voltage Switchgears Products Offered
7.19.5 Powell Industries Recent Development
7.20 Henan Senyuan Electric
7.20.1 Henan Senyuan Electric Company Information
7.20.2 Henan Senyuan Electric Business Overview
7.20.3 Henan Senyuan Electric Medium Voltage Switchgears Sales, Revenue and Gross Margin (2020-2025)
7.20.4 Henan Senyuan Electric Medium Voltage Switchgears Products Offered
7.20.5 Henan Senyuan Electric Recent Development
7.21 Hyosung Power & Industrial Systems
7.21.1 Hyosung Power & Industrial Systems Company Information
7.21.2 Hyosung Power & Industrial Systems Business Overview
7.21.3 Hyosung Power & Industrial Systems Medium Voltage Switchgears Sales, Revenue and Gross Margin (2020-2025)
7.21.4 Hyosung Power & Industrial Systems Medium Voltage Switchgears Products Offered
7.21.5 Hyosung Power & Industrial Systems Recent Development
7.22 Huatech
7.22.1 Huatech Company Information
7.22.2 Huatech Business Overview
7.22.3 Huatech Medium Voltage Switchgears Sales, Revenue and Gross Margin (2020-2025)
7.22.4 Huatech Medium Voltage Switchgears Products Offered
7.22.5 Huatech Recent Development
8 Medium Voltage Switchgears Manufacturing Cost Analysis
8.1 Medium Voltage Switchgears Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Medium Voltage Switchgears
8.4 Medium Voltage Switchgears Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Medium Voltage Switchgears Distributors List
9.3 Medium Voltage Switchgears Customers
10 Medium Voltage Switchgears Market Dynamics
10.1 Medium Voltage Switchgears Industry Trends
10.2 Medium Voltage Switchgears Market Drivers
10.3 Medium Voltage Switchgears Market Challenges
10.4 Medium Voltage Switchgears Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
ABB
Siemens
Eaton
Schneider Electric
GE Industrial
Toshiba
Hitachi
CHINT
Mitsubishi Electric
Lucy Electric
Fuji Electric
Bharat Heavy Electricals
Crompton Greaves Ltd.
BOER
Hyundai Heavy Industries
Efacec
Nissin Electric
Dual-ADE
Powell Industries
Henan Senyuan Electric
Hyosung Power & Industrial Systems
Huatech
Ìý
Ìý
*If Applicable.