North America AI-based Electrical Switchgear Market Size, Share & Industry Analysis Report By Component (Hardware, Software, and Services), By Installation (Indoor, and Outdoor), By Type (Low Voltage, Medium Voltage, and High Voltage), By End User (Indust
Description
The North America AI-based Electrical Switchgear Market would witness market growth of 8.5% CAGR during the forecast period (2025-2032).
The US market dominated the North America AI-based Electrical Switchgear Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $15,668.8 million by 2032. The Canada market is experiencing a CAGR of 12.1% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 10.8% during (2025 - 2032). The US and Canada led the North America AI-based Electrical Switchgear Market by Country with a market share of 84.2% and 7.5% in 2024.
The modernization of electrical infrastructure, the incorporation of renewable energy, and developments in AI and IoT technologies are all contributing to the rapid growth of the North American market for AI-based electrical switchgear. The emergence of smart grid solutions, predictive maintenance, and real-time monitoring capabilities has sped up the adoption of AI-based switchgear, which was initially hampered by high costs and limited viability. In addition to supporting the integration of distributed energy resources, these systems improve grid reliability, decrease downtime, and address issues like aging infrastructure and rising energy demand.
Important market trends include the development of autonomous switchgear that can self-adjust to grid conditions, the rise of predictive maintenance to reduce failures, and the integration of AI with smart grid infrastructures for dynamic load management. Through acquisitions, R&D expenditures, and strategic partnerships, industry leaders like ABB, Siemens, Schneider Electric, Mitsubishi Electric, and TE Connectivity are fortifying their positions. North America's leadership in developing resilient and intelligent grid solutions is being strengthened by market consolidation and innovation brought about by an increasing emphasis on sustainability, efficiency, and eco-friendly innovations.
Component Outlook
Based on Component, the market is segmented into Hardware, Software, and Services. The Hardware market segment dominated the US AI-based Electrical Switchgear Market by Component is expected to grow at a CAGR of 7.4 % during the forecast period thereby continuing its dominance until 2032. Also, The Services market is anticipated to grow as a CAGR of 8.7 % during the forecast period during (2025 - 2032).
Installation Outlook
Based on Installation, the market is segmented into Indoor, and Outdoor. With a compound annual growth rate (CAGR) of 11.6% over the projection period, the Indoor Market, dominate the Canada AI-based Electrical Switchgear Market by Installation in 2024 and would be a prominent market until 2032. The Outdoor market is expected to witness a CAGR of 12.8% during (2025 - 2032).
Country Outlook
The United States is the largest and most dynamic market in North America, in addition to its sophisticated industrial base, aging grid infrastructure, and robust policy support for the integration of renewable energy sources for AI-based electrical switchgear. AI-enabled switchgear is essential for predictive maintenance, load management, and real-time fault detection as the demand for electricity rises due to smart homes, data centers, and electric vehicles. As utilities update grids to improve dependability, efficiency, and resilience against extreme weather, federal and state programs, as well as private investments, are speeding up adoption. Adoption is being driven by key industries like utilities, data centers, and residential applications, but competition is still fierce between established firms like Eaton, Siemens, Schneider Electric, ABB, and GE, and up-and-coming startups. The United States is firmly positioned at the forefront of AI-driven power distribution as a result of the convergence of technological innovation, sustainability objectives, and market demand.
List of Key Companies Profiled
By Component
The US market dominated the North America AI-based Electrical Switchgear Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $15,668.8 million by 2032. The Canada market is experiencing a CAGR of 12.1% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 10.8% during (2025 - 2032). The US and Canada led the North America AI-based Electrical Switchgear Market by Country with a market share of 84.2% and 7.5% in 2024.
The modernization of electrical infrastructure, the incorporation of renewable energy, and developments in AI and IoT technologies are all contributing to the rapid growth of the North American market for AI-based electrical switchgear. The emergence of smart grid solutions, predictive maintenance, and real-time monitoring capabilities has sped up the adoption of AI-based switchgear, which was initially hampered by high costs and limited viability. In addition to supporting the integration of distributed energy resources, these systems improve grid reliability, decrease downtime, and address issues like aging infrastructure and rising energy demand.
Important market trends include the development of autonomous switchgear that can self-adjust to grid conditions, the rise of predictive maintenance to reduce failures, and the integration of AI with smart grid infrastructures for dynamic load management. Through acquisitions, R&D expenditures, and strategic partnerships, industry leaders like ABB, Siemens, Schneider Electric, Mitsubishi Electric, and TE Connectivity are fortifying their positions. North America's leadership in developing resilient and intelligent grid solutions is being strengthened by market consolidation and innovation brought about by an increasing emphasis on sustainability, efficiency, and eco-friendly innovations.
Component Outlook
Based on Component, the market is segmented into Hardware, Software, and Services. The Hardware market segment dominated the US AI-based Electrical Switchgear Market by Component is expected to grow at a CAGR of 7.4 % during the forecast period thereby continuing its dominance until 2032. Also, The Services market is anticipated to grow as a CAGR of 8.7 % during the forecast period during (2025 - 2032).
Installation Outlook
Based on Installation, the market is segmented into Indoor, and Outdoor. With a compound annual growth rate (CAGR) of 11.6% over the projection period, the Indoor Market, dominate the Canada AI-based Electrical Switchgear Market by Installation in 2024 and would be a prominent market until 2032. The Outdoor market is expected to witness a CAGR of 12.8% during (2025 - 2032).
Country Outlook
The United States is the largest and most dynamic market in North America, in addition to its sophisticated industrial base, aging grid infrastructure, and robust policy support for the integration of renewable energy sources for AI-based electrical switchgear. AI-enabled switchgear is essential for predictive maintenance, load management, and real-time fault detection as the demand for electricity rises due to smart homes, data centers, and electric vehicles. As utilities update grids to improve dependability, efficiency, and resilience against extreme weather, federal and state programs, as well as private investments, are speeding up adoption. Adoption is being driven by key industries like utilities, data centers, and residential applications, but competition is still fierce between established firms like Eaton, Siemens, Schneider Electric, ABB, and GE, and up-and-coming startups. The United States is firmly positioned at the forefront of AI-driven power distribution as a result of the convergence of technological innovation, sustainability objectives, and market demand.
List of Key Companies Profiled
- ABB Ltd.
- Schneider Electric SE
- Siemens AG
- Mitsubishi Electric Corporation
- Hitachi Energy Ltd. (Hitachi, Ltd.)
- Eaton Corporation plc
- CG Power and Industrial Solutions Limited.
- Rockwell Automation, Inc.
- Powell Industries, Inc.
- Havells India Ltd.
By Component
- Hardware
- Software
- Services
- Indoor
- Outdoor
- Low Voltage
- Medium Voltage
- High Voltage
- Industrial
- Energy & Utilities
- Commercial
- Residential
- Transportation
- Other End User
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
181 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America AI-based Electrical Switchgear Market, by Component
- 1.4.2 North America AI-based Electrical Switchgear Market, by Installation
- 1.4.3 North America AI-based Electrical Switchgear Market, by Type
- 1.4.4 North America AI-based Electrical Switchgear Market, by End User
- 1.4.5 North America AI-based Electrical Switchgear Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Market Trends – AI-based Electrical Switchgear Market
- Chapter 5. State of Competition – AI-based Electrical Switchgear Market
- Chapter 6. Product Life Cycle (PLC) – AI-based Electrical Switchgear Market
- Chapter 7. Market Consolidation – AI-based Electrical Switchgear Market
- Chapter 8. Competition Analysis – Global
- 8.1 Market Share Analysis, 2024
- 8.2 Strategies Deployed in AI-based Electrical Switchgear Market
- 8.3 Porter Five Forces Analysis
- Chapter 9. Value Chain Analysis of AI-based Electrical Switchgear Market
- 9.1 Raw Material Procurement
- 9.2 Component Manufacturing
- 9.3 System Design & Engineering
- 9.4 Assembly & Integration
- 9.5 Distribution & Logistics
- 9.6 Deployment & Installation
- 9.7 Operation & Monitoring
- 9.8 After-Sales Services & Maintenance
- 9.9 End-of-Life Management & Recycling
- Chapter 10. Key Customer Criteria – AI-based Electrical Switchgear Market
- Chapter 11. North America AI-based Electrical Switchgear Market by Component
- 11.1 North America Hardware Market by Country
- 11.2 North America Software Market by Country
- 11.3 North America Services Market by Country
- Chapter 12. North America AI-based Electrical Switchgear Market by Installation
- 12.1 North America Indoor Market by Country
- 12.2 North America Outdoor Market by Country
- Chapter 13. North America AI-based Electrical Switchgear Market by Type
- 13.1 North America Low Voltage Market by Country
- 13.2 North America Medium Voltage Market by Country
- 13.3 North America High Voltage Market by Country
- Chapter 14. North America AI-based Electrical Switchgear Market by End User
- 14.1 North America Industrial Market by Country
- 14.2 North America Energy & Utilities Market by Country
- 14.3 North America Commercial Market by Country
- 14.4 North America Residential Market by Country
- 14.5 North America Transportation Market by Country
- 14.6 North America Other End User Market by Country
- Chapter 15. North America AI-based Electrical Switchgear Market by Country
- 15.1 US AI-based Electrical Switchgear Market
- 15.1.1 US AI-based Electrical Switchgear Market by Component
- 15.1.2 US AI-based Electrical Switchgear Market by Installation
- 15.1.3 US AI-based Electrical Switchgear Market by Type
- 15.1.4 US AI-based Electrical Switchgear Market by End User
- 15.2 Canada AI-based Electrical Switchgear Market
- 15.2.1 Canada AI-based Electrical Switchgear Market by Component
- 15.2.2 Canada AI-based Electrical Switchgear Market by Installation
- 15.2.3 Canada AI-based Electrical Switchgear Market by Type
- 15.2.4 Canada AI-based Electrical Switchgear Market by End User
- 15.3 Mexico AI-based Electrical Switchgear Market
- 15.3.1 Mexico AI-based Electrical Switchgear Market by Component
- 15.3.2 Mexico AI-based Electrical Switchgear Market by Installation
- 15.3.3 Mexico AI-based Electrical Switchgear Market by Type
- 15.3.4 Mexico AI-based Electrical Switchgear Market by End User
- 15.4 Rest of North America AI-based Electrical Switchgear Market
- 15.4.1 Rest of North America AI-based Electrical Switchgear Market by Component
- 15.4.2 Rest of North America AI-based Electrical Switchgear Market by Installation
- 15.4.3 Rest of North America AI-based Electrical Switchgear Market by Type
- 15.4.4 Rest of North America AI-based Electrical Switchgear Market by End User
- Chapter 16. Company Profiles
- 16.1 ABB Ltd.
- 16.1.1 Company Overview
- 16.1.2 Financial Analysis
- 16.1.3 Segmental and Regional Analysis
- 16.1.4 Research & Development Expenses
- 16.1.5 Recent strategies and developments:
- 16.1.5.1 Partnerships, Collaborations, and Agreements:
- 16.1.6 SWOT Analysis
- 16.2 Schneider Electric SE
- 16.2.1 Company Overview
- 16.2.2 Financial Analysis
- 16.2.3 Segmental and Regional Analysis
- 16.2.4 Research & Development Expense
- 16.2.5 Recent strategies and developments:
- 16.2.5.1 Product Launches and Product Expansions:
- 16.2.6 SWOT Analysis
- 16.3 Siemens AG
- 16.3.1 Company Overview
- 16.3.2 Financial Analysis
- 16.3.3 Segmental and Regional Analysis
- 16.3.4 Research & Development Expense
- 16.3.5 Recent strategies and developments:
- 16.3.5.1 Partnerships, Collaborations, and Agreements:
- 16.3.6 SWOT Analysis
- 16.4 Mitsubishi Electric Corporation
- 16.4.1 Company Overview
- 16.4.2 Financial Analysis
- 16.4.3 Segmental and Regional Analysis
- 16.4.4 Research & Development Expense
- 16.4.5 SWOT Analysis
- 16.5 Hitachi Energy Ltd. (Hitachi Ltd.)
- 16.5.1 Company Overview
- 16.5.2 Financial Analysis
- 16.5.3 Segmental and Regional Analysis
- 16.5.4 Research & Development Expenses
- 16.5.5 Recent strategies and developments:
- 16.5.5.1 Product Launches and Product Expansions:
- 16.6 Eaton Corporation PLC
- 16.6.1 Company Overview
- 16.6.2 Financial Analysis
- 16.6.3 Segmental and Regional Analysis
- 16.6.4 Research & Development Expense
- 16.6.5 Recent strategies and developments:
- 16.6.5.1 Partnerships, Collaborations, and Agreements:
- 16.6.6 SWOT Analysis
- 16.7 CG Power & Industrial Solutions Ltd. (Murugappa Group)
- 16.7.1 Company Overview
- 16.7.2 Financial Analysis
- 16.7.3 Segmental and Regional Analysis
- 16.8 Rockwell Automation, Inc.
- 16.8.1 Company Overview
- 16.8.2 Financial Analysis
- 16.8.3 Segmental and Regional Analysis
- 16.8.4 Research & Development Expenses
- 16.8.5 SWOT Analysis
- 16.9 Powell Industries, Inc.
- 16.9.1 Company Overview
- 16.9.2 Financial Analysis
- 16.9.3 Research & Development Expenses
- 16.9.4 SWOT Analysis
- 16.10. Havells India Ltd.
- 16.10.1 Company Overview
- 16.10.2 Financial Analysis
- 16.10.3 Segmental Analysis
- 16.10.4 Research & Development Expenses
- 16.10.5 SWOT Analysis
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.