High Voltage Switchgear Market Gains Momentum with Advancements in Automation and Remote Monitoring

"The High Voltage Switchgear Market reached US$ 17.5 billion in 2024 and is expected to reach US$ 26.14 billion by 2031, growing at a CAGR of 5.9% during the forecast period 2024-2031." As per DataM intelligence research report

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United States: Recent Industry Developments

✅ In August 2025, Hubbell announced a major $825 million acquisition of DMC Power, a connector specialist for high-voltage infrastructure. This move strengthens Hubbell's utility and substation portfolio amid rising demand driven by AI, data centers, and aging grid systems.

✅ In April 2025, Hitachi Energy unveiled a $70 million expansion at its Mount Pleasant factory in Pennsylvania to double production of high-voltage switchgear, including a new workforce training center. Simultaneously, Mitsubishi Electric Power Products is building an $86 million switchgear factory and testing lab in the same region with both projects targeting completion by summer 2026.

✅ In February 2025, TE Connectivity announced its $2.3 billion acquisition of Richards Manufacturing, aiming to bolster its presence in electrical utilities and grid resilience key for supporting high-voltage switchgear and connector demands in the data center era.

Japan: Recent Industry Developments

✅ In May 2025, Hitachi Energy announced it will deliver the world's first SF6-free 550 kV gas-insulated switchgear to China's State Grid ushering in eco-efficient, high-voltage switchgear technology that drastically reduces greenhouse emissions while maintaining compact, reliable design.

✅ In December 2024, Hitachi secured an order from Chubu Electric Power Grid for Japan's first SF6-free 300 kV circuit breakers. This milestone marks the country's transition toward sustainable high-voltage grid hardware, reducing CO2-equivalent insulating gas emissions by over 99%.

High Voltage Switchgear Market: Drivers

The high voltage switchgear market is driven by growing investments in power generation, transmission, and distribution infrastructure worldwide. Increasing demand for reliable and uninterrupted electricity supply is encouraging the adoption of advanced switchgear solutions. Rising integration of renewable energy sources, such as wind and solar, requires flexible and efficient switchgear systems to manage grid stability. Technological advancements in gas-insulated, vacuum, and smart switchgear are enhancing safety, efficiency, and monitoring capabilities. Expanding urbanization and industrialization are further fueling the need for robust electrical infrastructure.

Market growth is also supported by stringent safety regulations and standards for electrical equipment in high-voltage applications. Modernization of aging power grids and replacement of conventional switchgear with advanced, compact designs are driving adoption. Collaborations between switchgear manufacturers, utilities, and technology providers are fostering innovation and smart grid integration. The increasing focus on predictive maintenance and remote monitoring solutions is improving operational efficiency. Continuous R&D in high-performance insulation, automation, and digital control technologies is expected to sustain long-term growth in the high voltage switchgear market.

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Segment Covered in the High Voltage Switchgear Market:

➥ By Insulation Type: Gas Insulated, Air Insulated, Others (Oil & Vacuum)
➥ By Technology: Circuit Breakers, Relays, Arrestors (Surge & Lightning), Others

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