Press release
Major Growth Driver Identified in 2025 Utility Scale Switchgear Market: Surge In Renewable Energy Fueling The Growth Of The Market Due To Increasing Need For Efficient Power Management And Grid Reliability
Utility Scale Switchgear
Utility Scale Switchgear Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the market size for utility scale switchgear has experienced significant growth. The market is expected to expand from $16.82 billion in 2024 to $18.05 billion in 2025, registering a compound annual growth rate (CAGR) of 7.3%. The growth experienced in the historical time frame can be tied to several factors. These include the escalating demand for reliable power distribution, an increase in investments towards grid infrastructure, the integration of renewable energy sources, advanced industrialization in developing economies, and the heightened need for sophisticated protection systems.
Utility Scale Switchgear Market Size Forecast: What's the Projected Valuation by 2029?
The market for utility scale switchgear is projected to experience substantial expansion in the coming years, with a forecasted growth to $23.64 billion by 2029, achieving a compound annual growth rate (CAGR) of 7.0%. This projected advancement in the forecast period can be linked to the rising integration of smart grid technologies, the increased transportation and industrial electrification, the growing attention on modernizing the grid, broadening capacity for renewable energy, and an increasing necessity for energy efficiency and automation. Key trends for the forecast period include improvements in digital switchgear technologies, heightened integration of IoT and AI, innovations in environment-friendly and sustainable materials, developments in remote monitoring and control mechanisms, and pioneering compact and modular switchgear designs.
View the full report here:
https://www.thebusinessresearchcompany.com/report/utility-scale-switchgear-global-market-report
What Are the Drivers Transforming the Utility Scale Switchgear Market?
The burgeoning interest in renewable energy is anticipated to fuel the expansion of the utility scale switchgear market. Renewable energy, derived from perpetually renewing natural resources like sunlight, wind, and water, is gaining popularity owing to both environmental and energy security reasons. It helps in minimizing carbon emissions and also reduces dependency on fossil fuels. Utility scale switchgear is key to incorporating renewable energy, as it effectively controls power flow, protects electrical infrastructure, and guarantees reliable transmission from variable energy sources like wind and solar to the grid. For example, in 2023, as per the International Energy Agency (IEA), there was a record addition of 507 GW in global renewable capacity; a 50% surge from 2022, largely propelled by solar PV and wind installations. Hence, the surging preference for renewable energy is steering the growth of the utility scale switchgear market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=25138&type=smp
What Long-Term Trends Will Define the Future of the Utility Scale Switchgear Market?
Leading firms in the utility-scale switchgear market are prioritizing innovative strategies such as domestic integration for more rapid delivery, in an effort to simplify project management, decrease supply chain complications, and cater to the rising demand for local, grid-compliant solutions. Domestic integration for quicker delivery entails the assembly and configuration of products within the destination country to hasten shipping and speed up deployment. As an illustrative example, in May 2025, SMA America, a solar energy firm based in Germany, announced the domestic integration of its Medium Voltage Power Station (MVPS) solutions. The MVPS is a pre-assembled, UL 1741 certified system packaged in a turnkey container, designed especially for utility-scale solar ventures, and comprises inverters, transformers, and switchgear. This integration boosts local supply, simplifies installation, and reinforces grid compliance.
Which Segments in the Utility Scale Switchgear Market Offer the Most Profit Potential?
The utility scale switchgear market covered in this report is segmented -
1) By Type: Gas-Insulated Switchgear (GIS), Air-Insulated Switchgear (AIS)
2) By Distribution Channel: Direct, Distributor
3) By End User: Power Generation, Power Transmission & Distribution, Industrial Manufacturing, Oil & Gas, Utilities
Subsegment:
1) By Gas-Insulated Switchgear (GIS): High Voltage Gas-Insulated Switchgear, Medium Voltage Gas-Insulated Switchgear, Low Voltage Gas-Insulated Switchgear
2) By Air-Insulated Switchgear (AIS): High Voltage Air-Insulated Switchgear, Medium Voltage Air-Insulated Switchgear, Low Voltage Air-Insulated Switchgear
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=25138&type=smp
Which Firms Dominate the Utility Scale Switchgear Market by Market Share and Revenue in 2025?
Major companies operating in the utility scale switchgear market are Hitachi Ltd., Siemens Aktiengesellschaft, General Electric Company, Schneider Electric SE, Mitsubishi Electric Corporation, Asea Brown Boveri Ltd., Eaton Corporation Plc, NARI Technology Co. Ltd., Fuji Electric Co. Ltd., Vertiv Holdings Co., Hubbell Incorporated, Bharat Heavy Electricals Limited, Hyundai Electric & Energy Systems Co. Ltd., Ormazabal S.A., CG Power and Industrial Solutions Limited, C&S Electric Limited, Hyosung Heavy Industries Corporation, Lucy Group Limited, Kirloskar Electric Company Limited, LS Industrial Systems Co. Ltd.
Which Regions Offer the Highest Growth Potential in the Utility Scale Switchgear Market?
North America was the largest region in the utility scale switchgear market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the utility scale switchgear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=25138
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 310-496-7795
Asia +44 2071930708
Europe +44 7882 955267
Email us at info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email: info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Major Growth Driver Identified in 2025 Utility Scale Switchgear Market: Surge In Renewable Energy Fueling The Growth Of The Market Due To Increasing Need For Efficient Power Management And Grid Reliability here
News-ID: 4094544 • Views: …
More Releases from The Business Research Company
2025-2034 Inkjet Coder Market Evolution: Disruptions, Innovations, and Untapped …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Inkjet Coder Market Through 2025?
Strong growth has been witnessed in recent years in the inkjet coder market. It is projected that this market will expand from $2.11 billion in 2024 to $2.27 billion in 2025, experiencing a compound annual growth rate…
Global Industrial Cooking Fire Protection Systems For Food Manufacturing Market …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Industrial Cooking Fire Protection Systems For Food Manufacturing Industry Market Size Be by 2025?
Over the past few years, the market size for industrial cooking fire protection systems used in food manufacturing has seen a consistent growth. It is projected that the market value will grow…
High Speed Engine Market Trends That Will Shape the Next Decade: Insights from I …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the High Speed Engine Market Size By 2025?
The market for high speed engines has seen considerable growth in the last few years. The market which is valued at $24.17 billion in 2024 is predicted to reach $25.58 billion in 2025, experiencing a Compound Annual Growth…
Industrial Sector Growth Fuels Expansion Of Evaporative Cooling Market: The Driv …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Evaporative Cooling Market Size Growth Forecast: What to Expect by 2025?
The market size for evaporative cooling has seen a robust growth in recent times. The outlook predicts an escalation from $6.41 billion in 2024 to $6.8 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%.…
More Releases for Switchgear
Switchgear and Switchboard Apparatus Global Market: Expanding Partnerships and D …
Projected Market Size and Growth of the Global Switchgear and Switchboard Apparatus Market by 2025?
• The switchgear and switchboard apparatus market size grew from $179.97 billion in 2024 to $190.44 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.8%.
• The market is expected to surge to a value of $228.43 billion in 2029, growing at a CAGR of 4.7% during this five-year period.
• The market's growth has…
Switchgear: Working, Characters, and Classification
Electrical switchgear is used in both high and low-voltage power transformers and is connected to electrical supply networks. Its goal is to de-energize the system so that maintenance and repairs may be made to fix the problems.
Every time a power system flaw, such as a short circuit, a large number of current flows via electric setup, destroying the structure and disrupting supply to the consumers. The best possible electrical protection…
Global Medium Switchgear Market | Global Medium Switchgear Industry | Medium Swi …
Medium voltage switchgear market comprises of sales of medium voltage switchgear & related services that manufacture the medium voltage switchgear which are electrical switchgear rated between 2KV and 36KV. Medium voltage switchgear is a combination of electrical switches, fuses/circuit breakers used to function, secure and separate electrical equipment. It is used for providing protection to different electric motor control systems that installed in different end user segments.
According to study,…
Switchgear Market in India 2011
Market Research Report Store offers a latest published report on Switchgear Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Switchgear players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Switchgear with respect to individual growth trends, future…
Medium Voltage Switchgear Market
Attributable to the nearness of worldwide and provincial merchants, this market is divided. They sellers in the market are contending based particle the cost, item offering and dispatch of new item in the market. The expansive firms in the market are having significant offer because of variables, for example, item plan, quality, turnaround time, administrations offered, highlights of the item, and upkeep of client connections. Major organizations in the worldwide…
Global Low Voltage Switchgear Market 2017 : BARTEC, LUCY Switchgear, FEAG, Kohl, …
Low Voltage Switchgear
A market study based on the " Low Voltage Switchgear Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Low Voltage Switchgear Market 2017’. The research report analyses the historical as well as present performance of the worldwide Low Voltage Switchgear industry, and makes predictions on the future status of Low Voltage Switchgear market on the basis of this analysis.
Get Free…
