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

The Report Covers High Voltage Switchgear Market Growth Trends and Suppliers and is segmented by Type (Air-insulated, Gas-insulated, and Other Types), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa)

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

High Voltage Switchgear Market Size

High Voltage Switchgear Market Summary
Study Period 2020 - 2030
Market Size (2025) USD 26.85 Billion
Market Size (2030) USD 32.05 Billion
CAGR (2025 - 2030) 3.60 %
Fastest Growing Market Middle East and Africa
Largest Market Asia Pacific
Market Concentration Low

Major Players

High Voltage Switchgear Market Key Players

*Disclaimer: Major Players sorted in no particular order

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High Voltage Switchgear Market Analysis

The High Voltage Switchgear Market size is estimated at USD 26.85 billion in 2025, and is expected to reach USD 32.05 billion by 2030, at a CAGR of 3.6% during the forecast period (2025-2030).

  • Over the medium term, the increasing adaption of renewable energies coupled with increasing grid upgradation and modernization activities are expected to drive the market studied during the forecast period.
  • On the other hand, high initial capital investments are expected to hinder the growth of the market studied during the forecast period.
  • Nevertheless, the ongoing electrification of the transportation sector is expected to create huge opportunities for the high-voltage switchgear market.
  • Asia-Pacific is expected to be a dominant region for the market studied due to the increasing demand for energy coupled with increasing infrastructure development activities in the region.

High Voltage Switchgear Industry Overview

The high-voltage switchgear market is moderately fragmented. Some of the key players in this market (in no particular order) include ABB Ltd, Schneider Electric SE, General Electric Company, Toshiba International Corporation, and Mitsubishi Electric Corporation.

High Voltage Switchgear Market Leaders

  1. ABB Ltd

  2. General Electric Company

  3. Siemens AG

  4. Toshiba International Corporation

  5. Mitsubishi Electric Corporation

  6. *Disclaimer: Major Players sorted in no particular order
ABB Ltd, General Electric Company, Siemens AG, Toshiba International Corporation, Mitsubishi Electric Corporation
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High Voltage Switchgear Market News

  • November 2022: TennetT, a prominent transmission system operator in the Netherlands and Germany, recently revealed its order for high-voltage gas-insulated metal-enclosed switchgear to enhance its power substations. The acclaimed manufacturer Hitachi Energy is set to deliver the switchgear by the close of 2023. Notably, this cutting-edge equipment will function entirely without employing the environmentally harmful insulating gas sulfur hexafluoride (SF6).
  • March 2022: General Electric Renewable Energy Grid Solution unveiled its latest series of high-voltage switchgear on a global scale. The groundbreaking 420 kV fully g3 gas-insulated switchgear (GIS), featuring the innovative g3 circuit breaker, was anticipated to hit the commercial market by the conclusion of 2023.

High Voltage Switchgear 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 Grid Modernization
    • 4.5.1.2 Renewable Energy Integration
    • 4.5.2 Restraints
    • 4.5.2.1 High Initial Cost
  • 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 (Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)})
    • 5.2.1 North America
    • 5.2.1.1 United States
    • 5.2.1.2 Canada
    • 5.2.1.3 Rest of North America
    • 5.2.2 Europe
    • 5.2.2.1 Germany
    • 5.2.2.2 United Kingdom
    • 5.2.2.3 France
    • 5.2.2.4 Italy
    • 5.2.2.5 Rest of Europe
    • 5.2.3 Asia-Pacific
    • 5.2.3.1 China
    • 5.2.3.2 India
    • 5.2.3.3 Japan
    • 5.2.3.4 South Korea
    • 5.2.3.5 Australia
    • 5.2.3.6 Rest of Asia-Pacific
    • 5.2.4 South America
    • 5.2.4.1 Brazil
    • 5.2.4.2 Argentina
    • 5.2.4.3 Rest of South America
    • 5.2.5 Middle East and Africa
    • 5.2.5.1 Saudi Arabia
    • 5.2.5.2 United Arab Emirates
    • 5.2.5.3 Qatar
    • 5.2.5.4 Egypt
    • 5.2.5.5 South Africa
    • 5.2.5.6 Rest of Middle East and Africa

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 Schneider Electric SE
    • 6.3.3 General Electric Company
    • 6.3.4 Toshiba International Corporation
    • 6.3.5 Mitsubishi Electric Corporation
    • 6.3.6 Siemens AG
    • 6.3.7 Larson & Turbo Limited
    • 6.3.8 Bharat Heavy Electricals Limited
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Electrification of Transportation Sector
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High Voltage Switchgear Industry Segmentation

High-voltage switchgear refers to various electrical equipment used to control, protect, and isolate electrical circuits in high-voltage applications. It plays a critical role in power transmission and distribution systems by ensuring the safe and efficient operation of electrical networks. A high-voltage switch gate is typically used in substation power generation facilities, industrial plants, and other high-voltage installations.

The high-voltage switchgear market is segmented by type and geography. By type, the market is segmented into air-insulated, gas-insulated, and other types. The report also covers the market size and forecasts for the high-voltage switchgear market across major regions.

The report offers the market size and forecasts for the high-voltage switchgear market in revenue (USD) for all the above segments.

Type Air-insulated
Gas-insulated
Other Types
Geography (Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)}) North America United States
Canada
Rest of North America
Europe Germany
United Kingdom
France
Italy
Rest of Europe
Asia-Pacific China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
South America Brazil
Argentina
Rest of South America
Middle East and Africa Saudi Arabia
United Arab Emirates
Qatar
Egypt
South Africa
Rest of Middle East and Africa
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High Voltage Switchgear Market Research FAQs

How big is the High Voltage Switchgear Market?

The High Voltage Switchgear Market size is expected to reach USD 26.85 billion in 2025 and grow at a CAGR of 3.60% to reach USD 32.05 billion by 2030.

What is the current High Voltage Switchgear Market size?

In 2025, the High Voltage Switchgear Market size is expected to reach USD 26.85 billion.

Who are the key players in High Voltage Switchgear Market?

ABB Ltd, General Electric Company, Siemens AG, Toshiba International Corporation and Mitsubishi Electric Corporation are the major companies operating in the High Voltage Switchgear Market.

Which is the fastest growing region in High Voltage Switchgear Market?

Middle East and Africa is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in High Voltage Switchgear Market?

In 2025, the Asia Pacific accounts for the largest market share in High Voltage Switchgear Market.

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

In 2024, the High Voltage Switchgear Market size was estimated at USD 25.88 billion. The report covers the High Voltage Switchgear Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the High Voltage Switchgear Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

High Voltage Switchgear Industry Report

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