Press release
Industrialization Fuels Growth In The AI-Based Electrical Switchgear Market: Strategic Insights Driving AI-Based Electrical Switchgear Market Momentum in 2025
AI-Based Electrical Switchgear Market
How Large Will the AI-Based Electrical Switchgear Market Size By 2025?
The market size for ai-based electrical switchgear has seen a robust growth lately. An increase from $25.99 billion in 2024 to $27.53 billion in 2025 is anticipated, with a compound annual growth rate (CAGR) of 5.9%. The surge over the past years is linked to the integration of smart grid, optimization of energy efficiency, remote supervision and control, integration with IoT sensors and the rising focus on digitalization in power systems.
How Big Is the AI-Based Electrical Switchgear Market Size Expected to Grow by 2029?
The value of the AI-driven electrical switchgear sector is projected to surge onwards over the next few years, swelling to $34.25 billion by 2029 with a compound annual growth rate (CAGR) of 5.6%. This upcoming growth can be traced back to several factors such as the rising demand for AI-assisted power dissemination and energy surveillance systems, the escalating need for AI-powered distribution, a surge in the need for energy management, the proliferation of power distribution infrastructure, and burgeoning industrialization. Key trends projected for this forecast period consist of product development and progress in AI-driven switchgear, the integration of cutting-edge computer technology into electrical systems, surging investments, and a growth in partnerships.
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Which Key Market Drivers Powering AI-Based Electrical Switchgear Market Expansion and Growth?
The growth of the AI-based electrical switchgear market is anticipated to surge due to the escalating levels of industrialization. Industrialization refers to the transition of an economy from a primarily agrarian and manual labor-based production to a mechanism-oriented manufacturing process with more reliance on technology. AI-based electrical switchgear plays an essential role in this transformation by providing real-time surveillance of electrical equipment health, projecting potential breakdowns and facilitating proactive maintenance. For example, in January 2024, a Federal Reserve Board report showed a 0.1% increase in industrial production, with a 0.2% rise in consumer goods production in December 2023. Likewise, manufacturing output saw a 0.1% growth, with mining output observing a significant 0.9% leap during the identical timeframe. Consequently, the acceleration in industrialization is catalyzing the expansion of the AI-based electrical switchgear market.
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What Are the Key Trends Driving AI-Based Electrical Switchgear Market Growth?
Leading corporations in the AI-based electrical switchgear industry are designing and innovating new products such as digitally enabled switchgear to provide their clientele with superior features. This kind of switchgear incorporates advanced digital technology to enhance monitoring, control, and automation abilities. As a case in point, in May 2022, Schneider Electric SE, an energy management and digital automation enterprise based in France, introduced SureSeT MV Switchgear and EvoPacT Circuit Breaker. Contrary to conventional equipment, these inventions offer a unique range of benefits. Equipped with cutting-edge digital features, these solutions facilitate remote accessibility, monitoring, and regulation of equipment wellness, encouraging predictive upkeep and revealing insights into operational efficiency. With compact size, 25% smaller than the usual alternatives, they are ideal for commercial and industrial space optimization. With a life expectancy of 30,000 operations, which is triple the industry norm, and in-built sensors for early problem detection, these solutions guarantee extended performance time. Operating based on condition instead of fixed intervals, these products increase safety in operation by delivering a complete 360° review of digital engagements from a safe operating distance.
What Are the Emerging Segments in the AI-Based Electrical Switchgear Market?
The ai-based electrical switchgear market covered in this report is segmented -
1) By Type: Low Voltage Switchgear, Medium Voltage Switchgear, High Voltage Switchgear
2) By Installation: Indoor, Outdoor
3) By End User: Transmission And Distribution Utilities, Commercial, Industrial, Residential, Other End Users
Subsegments:
1) By Low Voltage Switchgear: Distribution Boards, Circuit Breakers, Switch Disconnectors
2) By Medium Voltage Switchgear: Gas-Insulated Switchgear (GIS), Air-Insulated Switchgear (AIS), Ring Main Units (RMUs)
3) By High Voltage Switchgear: Circuit Breakers, Disconnectors, Switches And Busbars
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Who Are the Global Leaders in the AI-Based Electrical Switchgear Market?
Major companies operating in the AI-based electrical switchgear market report are Hitachi Ltd, Siemens AG, General Electric Company, Haier CAOS IOT Ecological Technology Co. Ltd, Schneider Electric, Mitsubishi Electric, ABB Ltd., Southern Company, Duke Energy Corp., Toshiba International Corporation, Eaton Corporation, Dominion Energy Inc., Emerson Electric Co., Shenzhen Hankang Electric Automation Co. Ltd, Signify, Rockwell Automation Inc., Havells India Limited, Meidensha Corporation, Crompton Greaves Limited, Lutron Electronics Company, Lucy Electric UK Ltd., G&W Electric, Main Systems Ltd, Jiangsu Daye Intelligent Electric Co. Ltd., SwitchGear Company NV, Electrical Engineering Portal
Which are the Top Profitable Regional Markets for the AI-Based Electrical Switchgear Industry?
North America was the largest region in the AI-based electrical switchgear market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the AI-based electrical switchgear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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