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North America High Voltage Switchgear Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034

Publisher Global Market Insights
Published Mar 06, 2025
Length 132 Pages
SKU # GMI19994990

Description

North America High Voltage Switchgear Market was valued at USD 2.7 billion in 2024 and is projected to grow at a CAGR of 5.4% between 2025 and 2034. The market is experiencing steady expansion, driven by increasing investments in power infrastructure, grid modernization initiatives, and the widespread integration of renewable energy sources. The region’s growing electricity demand, particularly in industries such as manufacturing, oil and gas, and data centers, is propelling the adoption of advanced high voltage switchgear systems. These industries rely on reliable and uninterrupted power supply to maintain operations, prompting the need for automation and remote monitoring-enabled switchgear that ensures higher efficiency and enhanced safety.

The ongoing transition toward renewable energy is playing a pivotal role in reshaping the high voltage switchgear landscape. Governments and utility providers are investing heavily in transmission and distribution networks to support the growing share of solar, wind, and other clean energy sources. The push for energy efficiency and sustainability is driving the replacement of outdated grid systems with advanced switchgear solutions capable of handling high power loads while reducing losses. Additionally, aging electrical infrastructure across the region is necessitating upgrades to ensure power stability and security. Smart grid deployment is further accelerating demand for high voltage switchgear as utilities seek intelligent and automated solutions to optimize energy flow and minimize outages. The regulatory landscape is also favoring market growth, with federal and state policies emphasizing modernized, resilient power networks.

The market is witnessing significant expansion in specific voltage segments, with the 36 KV segment expected to generate USD 1.7 billion by 2034. Government-backed investments are playing a crucial role in addressing future electricity needs, fostering the widespread adoption of high voltage switchgear across North America. As energy demand continues to rise, significant capital is being allocated to modernizing transmission infrastructure, which is expected to bolster market growth.

Outdoor installations of high voltage switchgear are also gaining traction, with this segment projected to grow at a CAGR of 4.5% by 2034. Outdoor switchgear plays a vital role in substations and transmission networks, serving as a core component of ongoing grid modernization projects. Federal and state funding initiatives aimed at upgrading power infrastructure are driving demand for outdoor switchgear solutions. Additionally, large-scale renewable energy projects, such as wind farms and solar plants, rely on outdoor switchgear to ensure efficient power management and seamless energy transmission across the grid.

U.S. High Voltage Switchgear Market generated USD 2 billion in 2024, with robust growth expected in the coming years. Substantial infrastructure investments and the rapid expansion of key energy-driven sectors continue to drive demand across the country. Industries such as oil and gas, mining, and manufacturing are increasingly integrating high voltage switchgear into their electrical systems to enhance reliability and operational efficiency. With the rising need for resilient, intelligent, and high-performing switchgear solutions, the market is poised for strong and sustained growth in North America.

Table of Contents

132 Pages
Chapter 1 Methodology and Scope
1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid
1.4.2.2 Public
Chapter 2 Industry Insights
2.1 Industry ecosystem analysis
2.2 Regulatory landscape
2.3 Industry impact forces
2.3.1 Growth drivers
2.3.2 Industry pitfalls & challenges
2.4 Growth potential analysis
2.5 Porter's analysis
2.5.1 Bargaining power of suppliers
2.5.2 Bargaining power of buyers
2.5.3 Threat of new entrants
2.5.4 Threat of substitutes
2.6 PESTEL analysis
Chapter 3 Competitive landscape, 2024
3.1 Strategic dashboard
3.2 Innovation & sustainability landscape
Chapter 4 Market Size and Forecast, By Voltage, 2021 – 2034 (USD Million, ‘000 Units)
4.1 Key trends
4.2 36 kV
4.3 72.5 kV
4.4 123 kV
4.5 145 kV
Chapter 5 Market Size and Forecast, By Installation 2021 – 2034 (USD Million, ‘000 Units)
5.1 Key trends
5.2 Indoor
5.3 Outdoor
Chapter 6 Market Size and Forecast, By Breaking Capacity 2021 – 2034 (USD Million, ‘000 Units)
6.1 Key trends
6.2 25 kA
6.3 31.5 kA
6.4 40 kA
6.5 50 kA
6.6 63 kA
Chapter 7 Market Size and Forecast, By Installation 2021 – 2034 (USD Million, ‘000 Units)
7.1 Key trends
7.2 Indoor
7.3 Outdoor
Chapter 8 Market Size and Forecast, By Current 2021 – 2034 (USD Million, ‘000 Units)
8.1 Key trends
8.2 600 A
8.3 1200 A
8.4 2000 A
8.5 3150 A
8.6 4000 A
Chapter 9 Market Size and Forecast, By Product 2021 – 2034 (USD Million, ‘000 Units)
9.1 Key trends
9.2 Dead tank
9.3 Live tank
9.4 GIS
Chapter 10 Market Size and Forecast, By Countries, 2021 – 2034 (USD Million, ‘000 Units)
10.1 Key trends
10.2 U.S.
10.3 Canada
10.4 Mexico
Chapter 11 Company Profiles
11.1 ABB
11.2 Bharat Heavy Electricals
11.3 CG Power and Industrial Solutions
11.4 CHINT Group
11.5 Eaton
11.6 Fuji Electric
11.7 General Electric
11.8 HD Hyundai Electric
11.9 Hitachi
11.10 Hyosung Heavy Industries
11.11 Lucy Group
11.12 Mitsubishi Electric
11.13 Ormazabal
11.14 Schneider Electric
11.15 Siemens
11.16 Skema
11.17 Toshiba

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