Iraq Switchgear Market (2025-2031) | Forecast, Revenue, Analysis, Share, Industry, Growth, Size, Outlook, Value, Companies & Trends

Iraq Switchgear Market Growth Rate

According to 6Wresearch internal database and industry insights, the Iraq Switchgear Market is projected to grow at a compound annual growth rate (CAGR) of 6.35% during the forecast period (2025–2031).

Iraq Switchgear Market Highlights

Topics Covered in the Iraq Switchgear Market Report

The Iraq Switchgear Market report thoroughly covers the market by Voltage, by Insulation, and by Applications. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which helps stakeholders devise and align market strategies according to current and future market dynamics. 

Iraq Switchgear Market Synopsis

Iraq Switchgear Market is expected to expand steadily over the forecast period driven by major grid modernization projects, increasing investments in generation (especially gas and solar), expansion of substations, and upgrades across transmission and distribution networks. Renewables and large-scale generation projects are stimulating demand for medium- and high-voltage switchgear in new substations and grid interconnections, while urbanization and commercial growth are driving low-voltage switchgear demand for buildings and utilities. 

Evaluation of Growth Drivers in the Iraq Switchgear Market

Below are prominent drivers and their influence on market dynamics:

Evaluation of Restraints in the Iraq Switchgear Market

Below are major restraints and their influence on market dynamics:

Iraq Switchgear Market Challenges

Despite of robust Iraq Switchgear Market Growth, there are significant barriers to its development such as delays in financing large grid projects, intermittent fuel supply reliability which can shift project priorities, and competition from refurbished/used equipment in cost-sensitive segments. These challenges need to be addressed judiciously to ensure constant growth of this industry during the forecast period.

Iraq Switchgear Market Trends

Emerging trends shaping the Iraq Switchgear Market landscape are:

• Digital & Smart Switchgear Adoption - Increased deployment of digital relays, remote monitoring and diagnostics enabled by IoT technologies to minimize outage duration.
• Hybridization with Renewables - Switchgear solutions designed and built to incorporate renewables into the PV plant, storage edge sites and microgrids.
• Prefabricated & Modular Substation Solutions - Enable faster deployment of modular MV/HV substations to facilitate the pace of distribution upgrades.
• Lifecycle Services & Rental Models - Increasing number of O&M, testing, and rental/swap services for temporary load or construction projects.

Investment Opportunities in the Iraq Switchgear Industry

Key opportunities for investment in the Iraq Switchgear Industry include:

• Substation Modernization Contracts - Providing MV/HV switchgear to the planned 33/11 kV feeder rehabilitations and new 132 kV substations represent potential for high volume contract revenue.
• Smart Upgrade Packages - Retrofitting existing switchgear with digital relays, communications, and condition monitoring to provide smart grid capabilities.
• Local Assembly & Aftersales Hubs - Establishing local assembly, testing and spare parts operations would shorten lead times and capture assessable revenues from service and maintenance.
• Rental & Temporary Power Solutions - Providing MV/LV distribution gear on rentals for construction camps, events, and MV/LV generators to support construction load requirements.

Top 5 Leading Players in the Iraq Switchgear Market

Some leading players operating in the Iraq switchgear market include:

1. Siemens Energy / Siemens

Siemens supplies a wide range of MV & HV switchgear, digital protection systems, and turnkey substation packages; present in Iraq through partners and EPCs supplying grid modernization projects.

2. Schneider Electric

Schneider provides LV & MV switchgear, power distribution and building energy management solutions; products find use in commercial, industrial, and utility segments across Iraq. 

3. ABB

ABB supplies HV/MV switchgear, protection relays and turnkey solutions and has been an active vendor in regional transmission and distribution projects.

4. Mitsubishi Electric Corporation

Mitsubishi Electric supplies high-performance switchgear solutions widely adopted in Iraq’s power plants, substations, and industrial facilities for reliable grid operations.

5. Hyundai Electric & Energy Systems

Hyundai Electric offers advanced medium and high-voltage switchgear products and has been strengthening its presence in Iraq through utility projects and industrial partnerships. 

Government Regulations & Initiatives Introduced in the Iraq Switchgear Market

According to Iraqi Government Data, several initiatives influence the Iraq switchgear market. For instance, the Ministry of Electricity announced installation of new substations and rehabilitation of hundreds of feeders to reduce outages — directly creating demand for MV/HV switchgear. Besides, the government targets to scale solar capacity (plans for thousands of MW of solar projects and a 12,000 MW renewable goal by 2030) increase demand for MV switchgear and plant substations. Furthermore, the agreements for power plant and substation projects support large-scale procurement of switchgear and protection systems. 

Future Insights of the Iraq Switchgear Market

Iraq Switchgear Industry is expected to expand across segments owing to grid investments, renewable projects, and utility-led modernization. Demand for MV switchgear (for substations and renewables) and LV switchgear (for commercial/residential growth) will grow in tandem. Investments in digital protection and lifecycle services will increase average revenue per installed unit as utilities and large consumers adopt smart maintenance and monitoring.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories.

By Voltage: Medium Voltage Switchgear to Dominate the Market

According to Sumit, Senior Research Analyst, 6Wresearch, Medium Voltage Switchgear is projected to dominate the Iraq switchgear market share over the forecast period. This is due to grid modernization (new substations, renewable plant collector systems, and T&D feeder upgrades) as it requires robust MV switchgear solutions. 

By Insulation: Air-Insulated Medium Voltage Switchgear (AIS-MV) to Dominate the Market

Air-Insulated Medium Voltage Switchgear (AIS-MV) is expected to dominate in terms of unit shipments due to cost-effectiveness for many distribution substations and easier maintenance in Iraq’s deployment scenarios. However, Gas-Insulated Substations (GIS) are seeing growing interest for constrained urban sites and for certain 132 kV projects where footprint and lifecycle reliability are prioritized. 

By Applications: Power Utilities to Dominate the Market

Power Utilities will dominate the market in revenue terms, as utility-scale substation programs and large power plant interconnections require higher-value MV and HV switchgear and complete protection packages. 

Key attractiveness of the report

• 10 Years of Market Numbers.
• Historical Data Starting from 2021 to 2024.Base Year: 2024.
• Forecast Data until 2031.
• Key Performance Indicators Impacting the market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Iraq Switchgear Market Overview
• Iraq Switchgear Market Outlook
• Iraq Switchgear Market Forecast
• Historical Data of Iraq Switchgear Market Revenues & Volume for the Period 2021-2031F
• Iraq Switchgear Market Size and Iraq Switchgear Market Forecast of Revenues & Volume, Until 2031F
• Historical Data of Iraq Switchgear Market Revenues & Volume, By Types, for the Period 2021-2031F
• Market Size & Forecast of Iraq Switchgear Market Revenues & Volume, By Types, Until 2031F
• Historical Data of Iraq Switchgear Market Revenues & Volume, By Voltage, for the Period 2021-2031F
• Market Size & Forecast of Iraq Switchgear Market Revenues & Volume, By Voltage, Until 2031
• Historical Data of Iraq Switchgear Market Revenues & Volume, By Insulation, for the Period 2021-2031F
• Market Size & Forecast of Iraq Switchgear Market Revenues & Volume, By Insulation, Until 2031
• Historical Data of Iraq Switchgear Market Revenues & Volume, By Applications, for the Period 2021-2031F
• Market Size & Forecast of Iraq Switchgear Market Revenues & Volume, By Applications, Until 2031F
• Market Drivers and Restraints
• Iraq Switchgear Market Price Trends
• Iraq Switchgear Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Iraq Switchgear Market Share, By Players
• Iraq Switchgear Market Share, By Regions
• Iraq Switchgear Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The report offers a comprehensive study of the subsequent market segments:

By Voltage

• Low Voltage Switchgear
• Medium Voltage Switchgear
• High Voltage Switchgear

By Insulation

• Medium Voltage Switchgear
  • Air Insulated
  • Gas Insulated
  • Others
• High Voltage Switchgear
  • Air Insulated
  • Gas Insulated
  • Others

By Types

• Low Voltage Switchgear
  • MCB
  • MCCB
  • C&R
  • ACB
  • COS
  • Others
• Medium Voltage Switchgear
  • Indoor Switchgear (ISG)
  • Outdoor Switchgear (OSG)
  • Others

By Applications

• Residential
• Commercial
• Industrial
• Power Utilities
• Other