United States Switchgear Market (2024-2030) | Outlook, Value, Analysis, Revenue, Companies, Trends, Growth, Forecast, Share, Size & Industry
Market Forecast By Voltage (Low Voltage Switchgear, Medium Voltage Switchgear, High Voltage Switchgear), By Insulation (Medium Voltage Switchgear (Air Insulated, Gas Insulated), High Voltage Switchgear (Air Insulated, Gas Insulated), Low Voltage Switchgear (MCB, MCCB, C&R, ACB, COS, Others)), By Applications (Residential, Commercial, Industrial, Power Utilities) And Competitive Landscape
| Product Code: ETC001492 | Publication Date: Dec 2023 | Updated Date: May 2024 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 2 | |
USA Switchgear Market Competition 2023
USA Switchgear market currently, in 2023, has witnessed an HHI of 1725, Which has increased slightly as compared to the HHI of 1638 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
USA Export Potential Assessment For Switchgear Market (Values in USD Thousand)
Topics Covered in the United States Switchgear Market Report
The United States Switchgear Market report thoroughly covers the market by voltage, by insulation, by applications and competitive Landscape. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
United States Switchgear Market Synopsis
Switchgear is an essential component of any electrical system, and it plays a critical role in the safe and reliable operation of power systems. A switchgear is used to control, protect, and isolate electrical equipment such as transformers, motors, and generators. The United States switchgear market has undergone significant changes in recent years, with innovations and advancements that have helped to increase the efficiency and reliability of power systems. However, the market is not without its challenges. Additionally, one of the most prominent trends in the United States switchgear market is the increasing use of smart grid technology, which includes advanced sensors, communication systems, and control technologies. The smart grid technology is expected to improve the efficiency, reliability, and security of the power supply by providing real-time monitoring and control capabilities. This technology will also enable utilities to optimize the use of renewable energy sources, such as wind and solar power, by integrating them with existing power systems. Further, another significant trend in the switchgear market is the increasing focus on sustainability standards and environmental regulations. The use of energy-efficient and environmentally friendly switchgear is becoming more critical due to policies that require companies to lower their carbon footprint and comply with emissions standards. The switchgear manufacturers are actively investing in research and development of eco-friendly switchgear which produces minimal environmental impact. However, although the switchgear market is growing, it is not without its challenges. One of the significant issues is the high initial investment required for installation of switchgear. The cost of switchgear is significant as it is a complex electrical equipment which is also expected to be reliable for its lifetime.
According to 6Wresearch, United States switchgear market size is projected to grow at a CAGR of 10.8% during 2024-2030. The switchgear market is expected to grow significantly in the coming years due to various factors such as the increasing demand for electricity, growing renewable energy sector, smart grid technology, and increasing investments in transmission and distribution networks. The switchgear industry's growth is primarily driven by the need for reliable and efficient power supplies, which have become increasingly important as more complex electrical power systems have been developed. Additionally, the growing demand for electricity in the United States has led to the expansion of power generation capacity. The government is increasingly investing in renewable energy sources, such as solar and wind, to minimize carbon emissions and reduce dependence on fossil fuels. This has boosted the demand for switchgears required to transmit and distribute renewable energy. Additionally, the need for reliable and efficient power transmission and distribution systems is driving the demand for technologically advanced switchgears. Further, the rapid industrialization and urbanization in the United States have led to an increase in construction activities, thereby driving the demand for switchgear. The expanding construction sector requires electrical systems to power their equipment and buildings. Moreover, the power infrastructure of existing commercial and residential complexes needs upgrades to meet the increasing power demand. These initiatives will spur the growth of the market in future.
Government Initiatives Introduced in the United States Switchgear Market
The United States government's focus on renewable energy sources and advancing the electrical power system's safety and efficiency is driving growth in the switchgear market. The government is investing in upgrading existing transmission and distribution grids to make them smarter and more reliable. Additionally, the government is implementing measures to make power systems more efficient and environmentally friendly, driving the demand for sustainable switchgears. Furthermore, these activities have boosted the United States Switchgear Market Share. Further, the government has also taken measures to improve the aging electrical infrastructure in the country. The Smart Grid Investment Grant Program, funded by the American Recovery and Reinvestment Act, aimed to modernize the electrical infrastructure in the country. This program provided $3.4 billion in grants to over 100 organizations across the country. As a result, many power utilities have installed advanced switchgear equipment to improve their power distribution systems' efficiency and reliability.
Key Players in the United States Switchgear Market
The United States switchgear market is witnessing significant growth due to the increasing demand for reliable and efficient power supply systems. The key players in this market are focusing on innovation and digitalization to stay ahead of the competition and provide advanced products and solutions to their customers. Siemens AG, General Electric, ABB and Schneider Electric are some of the major players in this market, offering a comprehensive range of switchgear products for various applications. Furthermore, few weighty corporations occupy immense United States Switchgear Market Revenues. Additionally, as the demand for electricity continues to grow, we can expect to see more innovative and efficient switchgear products in the future.
Market by Voltage
According to Ravi Bhandari, Research Head, 6Wresearch, the voltage types of switchgear, namely low, medium, and high voltage, have their own significance and applications. The Medium Voltage Switchgear operates between 1kV to 36 kV. They are used in industries such as power generation, transmission, and distribution systems. The key features of medium voltage switchgear include better control over the power system, enhanced safety, and an easy monitoring process. They are classified into indoor and outdoor switchgear units. The indoor switchgear is further segmented into metal-enclosed, metal-clad, and gas-insulated switchgear. On the other hand, outdoor switchgear units are designed to withstand weather and harsh environmental conditions. Additionally, the High Voltage Switchgear control power systems that operate at voltage levels above 36 kV. They are used majorly in power generation and transmission systems, and heavy industries. These switchgears are designed to sustain high voltages, and their key features include high safety, compatibility, and precision in transmitting power. They are classified based on their applications, including circuit breakers, disconnectors, and surge arrestors.
Market by Application
In the commercial applications, switchgear systems are essential in providing reliable and consistent power to businesses. For instance, switchgear units installed in shopping malls or hospitals help protect critical equipment and ensure that power remains available during outages or grid failures. They can also help businesses manage their energy consumption and minimize utility costs through intelligent metering and monitoring of power usage. Additionally, in industrial settings, switchgear systems play a crucial role in protecting machinery and equipment, which often operate under high voltage levels. Industrial applications such as manufacturing, oil and gas, and mining require uninterrupted power supply and a quick response to power failure. Switchgear systems that enable immediate disconnection and reconnection of equipment minimize downtime and prevent costly machinery damage.
Key Attractiveness of the Report
- 10 Years Market Numbers.
- Historical Data Starting from 2020 to 2023.
- Base Year: 2023
- Forecast Data until 2030.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
s
- United States Switchgear Market Overview
- United States Switchgear Market Outlook
- United States Switchgear Market Forecast
- Historical Data of United States Switchgear Market Revenues & Volume for the Period 2020-2030
- United States Switchgear Market Size and United States Switchgear Market Forecast of Revenues & Volume, Until 2030
- Historical Data of United States Switchgear Market Revenues & Volume, By Voltage, for the Period 2020-2030
- Market Size & Forecast of United States Switchgear Market Revenues & Volume, By Voltage, Until 2030
- Historical Data of United States Switchgear Market Revenues & Volume, By Insulation, for the Period 2020-2030
- Market Size & Forecast of United States Switchgear Market Revenues & Volume, By Insulation, Until 2030
- Historical Data of United States Switchgear Market Revenues & Volume, By Applications, for the Period 2020-2030
- Market Size & Forecast of United States Switchgear Market Revenues & Volume, By Applications, Until 2030
- Market Drivers and Restraints
- United States Switchgear Market Price Trends
- United States Switchgear Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- United States Switchgear Market Share, By Players
- United States Switchgear Market Share, By Regions
- United States Switchgear Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market 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
High Voltage Switchgear
- Air Insulated
- Gas Insulated
Low Voltage Switchgear
- MCB
- MCCB
- C&R
- ACB
- COS
- Others
By Applications
- Residential
- Commercial
- Industrial
- Power Utilities
United States Switchgear Market (2024-2030): FAQs
The increasing demand for electricity, growing renewable energy sector, smart grid technology, and increasing investments in transmission and distribution networks are driving the growth of the switchgear market in the United States.
The High Voltage Switchgear accounts for the maximum growth. These switchgears control power systems that operate at voltage levels above 36 kV. They are used majorly in power generation and transmission systems, and heavy industries.
In the industrial settings, switchgear systems play a crucial role in protecting machinery and equipment, which often operate under high voltage levels. The industrial application holds the highest market share.
Siemens AG, General Electric, ABB and Schneider Electric are some of the major players in this market, offering a comprehensive range of switchgear products for various applications.
Yes, we have covered a detailed impact of the Covid 19 pandemic in this study.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 1. Executive Summary |
| 2. Introduction |
| 2.1 Report Description |
| 2.2 Key Highlights of The Report |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3. United States Switchgear Market Overview |
| 3.1 United States Country Indicators |
| 3.2 United States Switchgear Market Revenues & Volume 2020-2030F |
| 3.3 United States Switchgear Market Revenue Share, By Voltage, 2020 & 2030F |
| 3.4 United States Switchgear Market Revenue Share, By Insulation, 2020 & 2030F |
| 3.5 United States Switchgear Market Revenue Share, By Application, 2020 & 2030F |
| 3.6 United States Switchgear Market - Industry Life Cycle |
| 3.7 United States Switchgear Market - Porter’s Five Forces |
| 4. United States Switchgear Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5. United States Switchgear Market Trends |
| 6. United States Switchgear Market Overview, By Voltage |
| 6.1 United States Switchgear Market Revenues & Volume, By Low Voltage Switchgear 2020-2030F |
| 6.2 United States Switchgear Market Revenues & Volume, By Medium Voltage Switchgear 2020-2030F |
| 6.3 United States Switchgear Market Revenues & Volume, By High Voltage Switchgear 2020-2030F |
| 7. United States Switchgear Market Overview, By Insulation |
| 7.1 United States Switchgear Market Revenues, By Medium Voltage Switchgear, 2020-2030F |
| 7.2 United States Switchgear Market Revenues, By High Voltage Switchgear, 2020-2030F |
| 7.3 United States Switchgear Market Revenues, By Low Voltage Switchgear, 2020-2030F |
| 8. United States Switchgear Market Overview, By Application |
| 8.1 United States Switchgear Market Revenues & Volume, By Residential, 2020-2030F |
| 8.2 United States Switchgear Market Revenues & Volume, By Commercial, 2020-2030F |
| 8.3 United States Switchgear Market Revenues & Volume, By Industrial, 2020-2030F |
| 8.4 United States Switchgear Market Revenues & Volume, By Power Utilities, 2020-2030F |
| 9. United States Switchgear Market - Key Performance Indicators |
| 10. United States Switchgear Market - Opportunity Assessment |
| 10.1 United States Switchgear Market Opportunity Assessment, By Voltage 2030F |
| 10.2 United States Switchgear Market Opportunity Assessment, By Insulation 2030F |
| 10.3 United States Switchgear Market Opportunity Assessment, By Application, 2030F |
| 11. United States Switchgear Market Competitive Landscape |
| 11.1 United States Switchgear Market Revenue Share, By Company, 2023 |
| 11.2 United States Switchgear Market Competitive Benchmarking, By Operating & Technical Parameters |
| 12. Company Profiles |
| 13. Key Recommendations |
| 14. Disclaimer |
Market Forecast By Voltage (Low Voltage (By Type (MCB, MCCB, ACB & Others), By Application (Residential, Commercial, Industrial, Power Utilities & Others)), Medium Voltage (By Application (Residential, Commercial, Industrial, Power Utilities & Others), By Insulation Type (Air Insulated Switchgear & Other Insulated Switchgear)), High voltage Switchgear (By Application (Residential, Commercial, Industrial, Power Utilities & Others)), By Insulation Type (Air Insulated Switchgear, Other Insulated Switchgear)), By Applications (Residential, Commercial, Industrial, Power Utilities & others) And Competitive Landscape.
| Product Code: ETC001492 | Publication Date: May 2022 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
US Switchgear Market | Country-Wise Share and Competition Analysis
US Switchgear Market - Export Market Opportunities
United States (US) Switchgear Market is projected to grow over the coming year. United States (US) Switchgear Market report is a part of our periodical regional publication North America Switchgear Market outlook report. 6W tracks Switchgear market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Switchgear Market outlook report annually.
United States (US) Switchgear Market report comprehensively covers the market by Voltage, Types, application and Insulation. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
United States (US) Switchgear Market Synopsis
United States (US) Switchgear Market is anticipated to generate sound revenues during the upcoming period on the back of surging population. Increasing disposable income coupled with growing urbanization and modernization is driving the US Switchgear Market Growth. Additionally, rising demand for uninterruptible and regular supply of power coupled with government stringent regulations to develop the renewable power grid. Increasing penetration towards reduction of carbon emission is also proliferating the US Switchgear Market Share.
According to 6Wresearch, United States (US) Switchgear Market size is projected to register growth during 2022-2028. Rising development of infrastructure backed by strengthening of construction sector is also propelling the development of the market. Moreover, growing demand for effective monitoring and control systems coupled with replacement of convectional power is driving the US Switchgear Market Revenue. However, the health emergency caused by the outburst of COVID-19 pandemic hampered the development of the market owing to disruption in supply chain due to shutting down of manufacturing units.
Market Analysis by Voltage
On the basis of voltage, the low voltage segment is anticipated to gain appreciable growth during the forecast period owing to increasing efforts by the government to expand microgrid and rising investment towards the development of residential and commercial sector.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2018 to 2021.
- Base Year: 2021.
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
Key Highlights of Switchgear Report
- United States Switchgear Market Overview
- United States Switchgear Market Outlook
- United States Switchgear Market Forecast
- Historical Data and Forecast of United States Switchgear Market Revenues, By Voltage and By Applications for the Period 2018-2028F
- Historical Data and Forecast of United States Low Voltage Switchgear Market Revenues, By Types for the Period 2018-2028F
- Historical Data and Forecast of United States Low Voltage Switchgear Market Revenues, By Applications for the Period 2018-2028F
- Historical Data and Forecast of United States Medium Voltage Switchgear Market Revenues, By Insulation Types for the Period 2018-2028F
- Historical Data and Forecast of United States Medium Voltage Switchgear Market Revenues, By Applications for the Period 2018-2028F
- Historical Data and Forecast of United States High Voltage Switchgear Market Revenues, By Types for the Period 2018-2028F
- Historical Data and Forecast of United States High Voltage Switchgear Market Revenues, By Applications for the Period 2018-2028F
- Market Drivers and Restraints
- United States Switchgear Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Market Player’s Revenue Shares
- Market Competitive Benchmarking
- United States Switchgear Market Share, By Company
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
- By Voltage
- Low Voltage (0-1.1 kV)
- Medium Voltage (1.1-36 kV)
- High Voltage (>36 kV)
- By Low Voltage
- Types
- MCB
- MCCB
- ACB
- Others (Distribution Boards, Contactors, Relays, Starters, Fuses, COS, MPCB)
- Applications
- Residential
- Commercial
- Power Utilities
- Industrial
- Others (Transportation, Oil and Gas)
- By Medium Voltage
- Insulation Types
- AIS
- GIS
- Applications
- Residential
- Commercial
- Power Utilities
- Industrial
- Others (Transportation, Oil and Gas)
- By High Voltage
- Insulation Types
- AIS
- Others (GIS, Oil Insulated)
- Applications
- Residential
- Commercial
- Power Utilities
- Industrial
- Others (Transportation, Oil and Gas)
Market Forecast By Voltage (Low Voltage (By Type (MCB, MCCB, ACB & Others ), By Application (Residential, Commercial, Industrial, Power Utilities & Others)), Medium Voltage(By Application(Residential, Commercial, Industrial, Power Utilities &Others), By Insulation Type (Air Insulated Switchgear & Other Insulated Switchgear)), High voltage Switchgear (By Application(Residential, Commercial, Industrial, Power Utilities & Others)), By Insulation Type (Air Insulated Switchgear, Other Insulated Switchgear)), By Applications (Residential, Commercial, Industrial, Power Utilities & others ) And Competitive Landscape.
| Product Code: ETC001492 | Publication Date: Apr 2022 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 80 | No. of Figures: 45 | No. of Tables: 1 |
Latest 2022 Developments
United States Switchgear Market developments include introduction of advanced air-insulated switchgears. The more efficient gas-insulated switchgears are adopted in oil & gas, power and transportation sectors. Government initiatives for refurbishment and replacement of existing power infrastructure and increasing demand for cost-efficient technology will help to develop the market.
Mergers and Acquisitions
- Schneider Electric acquired stakes in Operation Technology Inc. / ETAP Automation Inc. (November 2020)
- Legrand purchased Borri (2020)
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Factors such as increasing expenditure towards infrastructural development along with regulatory measures for the expansion of electricity networks across grid isolated areas would spur the growth of the switchgear market in the United States. Additionally, rising power demand and growing concern towards the enhancement of the conventional power grid would propel the switchgear market growth in the country over the coming years
According to 6Wresearch, United States Switchgear Market size is projected to grow at a CAGR of 6.6% during 2019-2025. The inclination towards energy efficiency along with rising concern towards the integration of diverse frequency transmission links would boost the growth of the switchgear market in the country. Along with this, government initiatives for refurbishment and replacement of existing power infrastructure and increasing demand for cost-efficient technology, adds on to the US switchgear market Share.
The low voltage switchgear is expected to acquire the highest market share over the coming years as they are used in a wide range of applications for protecting the electric circuit against power fluctuations. Additionally, rising demand from smart grids would drive the low voltage switchgear market growth in the United States.
United States switchgear market report thoroughly covers the market by voltage and applications. The United States switchgear market outlook report provides an unbiased and detailed analysis of the on-going United States switchgear market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Switchgear is no doubt, a utility and easily and highly consumed product across the United States. With an increase in the power demand across the commercial and residential sector, the power and utility sector are facing a competitive phase with regard to the production of such devices that tend to support high-end and efficient electricity usage. The evolution of switchgear has been proven evident on the face of an increase the hunger for efficiency in the power and utility in the residential and across varied commercial buildings. This increased demand for power is posing a huge growth in the demand patterns for switchgear and as a result, the market is expected to be benefited from a sound growth in the foreseeable future.
Surging demand for effectively controlling and monitoring systems is proliferating the growth of the US Switchgear industry. Refurbishment of the convectional electrical network which with the growing integration of smart grid is driving the development of the market.
Key Highlights of the Report:
- United States Switchgear Market Overview
- United States Switchgear Market Outlook
- United States Switchgear Market Forecast
- Historical Data of United States Switchgear Market Revenues for the Period 2015-2018
- United States Switchgear Market Size and Forecast of Revenues, Until 2025
- Historical Data of United States Switchgear Market Revenues, By Voltage, for the Period 2015-2018
- Market Size & Forecast of United States Switchgear Market Revenues, By Voltage, until 2025
- Historical Data of United States Switchgear Market Revenues, By Applications, for the Period 2015-2018
- Market Size & Forecast of United States Switchgear Market Revenues, By Applications, until 2025
- Market Drivers and Restraints
- United States Switchgear Market Trends
- Market Opportunity Assessment
- United States Switchgear Market Share, By Players
- United States Switchgear Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered
The United States switchgear market report provides a detailed analysis of the following market segments:
-
By Voltage
- Low Voltage (<1.1 kV)
-
By Types
- MCB
- MCCB
- C&R
- ACB
- COS
- Others (Distribution Boards, RCB, ELCB)
-
By Applications
- Residential
- Commercial
- Industrial
- Power Utilities
- Others (Transportation infrastructure etc.)
-
- Medium Voltage (1.1 kV – 36 kV)
-
By Types
- ISG (Indoor Switchgear)
- OSG (Outdoor Switchgear)
- Others (RMU, CSS)
-
By Insulation Type
- Air Insulated Switchgear
- Gas Insulated Switchgear
- Other Insulated Switchgear (Hybrid, Oil)
-
By Applications
- Commercial
- Industrial
- Power Utilities
- Others (Transportation infrastructure etc.)
-
- High voltage Switchgear (<36 kV)
-
By Insulation Type
- Air Insulated Switchgear
- Gas Insulated Switchgear
- Other Insulated Switchgear (Hybrid, Oil)
-
By Applications
- Industrial
- Power Utilities
- Others (Transportation infrastructure etc.)
-
- Low Voltage (<1.1 kV)
By Applications
- Residential
- Commercial
- Industrial
- Power Utilities
- Others (Transportation infrastructure etc.)
- Other Key Reports Available:
Canada Switchgear Market Report
- Germany Switchgear Market Report
- South Africa Switchgear Market Report
- Saudi Arabia Switchgear Market Report
- Japan Switchgear Market Report
- China Switchgear Market Report
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