Summary

In North America, switchgears are used extensively and are essential in many different industries. This adaptable piece of electrical infrastructure is essential to maintaining power distribution networks' dependability and security. The North American switchgear market is substantial, driven by the region's extensive electrical infrastructure, industrial facilities, and commercial buildings. In North America, the Electrical Generating Systems Association (EGSA) is the largest organization exclusively dedicated to On-Site Power Generation. The Association is comprised of 500 companies comprising of manufacturers, distributor/dealers, contractors/integrators, manufacturer’s representatives, consulting & specifying engineers, service firms, end-users and others especially throughout the U.S. and around the world that make, sell, distribute and use on-site power generation technology and equipment, including generators, engines, switchgear, controls, voltage regulators, governors and much more. Switchgear standards from the American National Standards Institute (ANSI) are closely related to building and safety rules. These groups are still at the forefront of American switchgear development, spearheading the creation of safer, more effective, and ecologically friendly alternatives. In North America, there are numerous trade events and exhibitions dedicated to electrical equipment, including switchgear. Professionals from the industry, producers, and suppliers display their newest innovations in switchgear technology and goods at these events. One of the biggest conferences in North America devoted to the utilities and energy industries is called DistribuTECH. Power distribution, smart grids, and electrical switchgear are just a few of the many technologies it encompasses. This is an annual event that usually features a major exhibition. Thus are contributing to promoting the switchgears in North America Market.

According to the research report "North America Switchgear Market Outlook 2028," published by Bonafide Research, the market was valued at more than USD 21 Billion in 2022. Due to a number of variables coming together, the switchgear market in North America is expanding significantly, highlighting the vital function these electrical components play in the region's power infrastructure. The growing use of smart switchgear systems is one of the most notable trends. Smart switchgears are at the forefront of technical innovation in response to the growing demand for more dependable and effective power distribution networks. These cutting-edge gadgets use digital technology and Internet of Things (IoT) capabilities to allow remote control, predictive maintenance, and real-time electrical circuit monitoring. By lowering energy waste, this transition to smarter switchgear not only improves the dependability and efficiency of electrical networks but also addresses more general environmental problems. Additionally, government initiatives and assistance have been crucial in propelling the growth of the switchgear market in North America. The electrical infrastructure in the area is being upgraded and modernized by governments at the federal, state, and local levels. This involves encouraging the development of smart grids, which depend heavily on switchgear, and facilitating the integration of renewable energy sources into the system. Additionally, the need for strong and dependable electrical distribution systems is being driven by the expansion of the commercial and industrial sectors. Modern switchgear solutions that can protect these vital processes must be implemented as manufacturing facilities, data centers, and commercial buildings expand. In this sense, switchgears facilitate productivity and economic growth in addition to being electrical components. Another important factor is the condition of the energy infrastructure in North America. The necessity of adapting to shifting energy sources, such as solar, wind, and other renewables, along with the aging power distribution networks emphasize how vital dependable switchgear is to enabling smooth energy integration.

Geographically, the switchgear market in North America is segmented into three major countries; the United States, Canada, and Mexico. The United States, in particular, has emerged as a global leader in several key industries, owing its success to the development of large-scale mass production techniques. This leadership extends to industries like electrical machinery, automobiles, steel production, and many others, making it a technological and industrial powerhouse. As a result, the market for switchgear in the United States is not only substantial but also dominating. Its prominence is poised for further expansion in the coming years, primarily due to a confluence of factors that are reshaping the energy landscape and the electrical infrastructure within the country. One of the driving forces behind the robust switchgear market in the United States is the nation's commitment to modernizing its electrical infrastructure. Aging power systems and the need to accommodate renewable energy sources and advanced technologies have created a demand for cutting-edge switchgear solutions. The integration of smart grid technologies, coupled with government initiatives and support, is accelerating the adoption of smart switchgear systems, which enable more efficient and reliable power distribution. Canada and Mexico, the other two key players in the North American switchgear market, also hold significant market shares and contribute substantially to its overall growth. Canada, with its vast landmass and diverse industrial landscape, relies on switchgear to manage and distribute electrical power efficiently across its regions. Similarly, Mexico's growing industrial and manufacturing sectors have led to an increasing need for reliable electrical infrastructure, which, in turn, drives demand for switchgear products.

The market is segmented based on the Insulation into gas insulation, air insulation, and other types of insulations. Gas-insulated switchgear (GIS) is a leading and expanding technology in the switchgear market in North America. Because of its small size, high level of dependability and versatility in use, GIS technology is highly appealing to a variety of utilities and sectors. Their sealed design minimizes environmental impact and reduces maintenance requirements, aligning well with North America's emphasis on sustainability and eco-friendly solutions. The versatility of GIS technology, especially in urban and industrial settings, has made it a driving force in the market. However, the market of Air-insulated switchgears follows closely to GIS, AIS is commonly used in medium voltage applications, typically up to 36 kV. These include distribution networks, industrial facilities, and commercial buildings where medium voltage is sufficient for power distribution. AIS are installed both indoors and outdoors, providing flexibility in various applications. While GIS is typically indoors, AIS can be used for outdoor substations and switchyards. Apart from AIS and GIS, other types of switchgear insulation technologies including oil and vacuum insulated switchgears also contribute to the market, reflecting its diversity and adaptability. Both oil-insulated switchgear and vacuum-insulated switchgear have their strengths and are chosen based on specific application requirements and priorities. Oil-insulated switchgear is a well-established technology known for its high dielectric strength and effective heat dissipation, while vacuum-insulated switchgear offers environmental benefits, minimal maintenance, and a compact design.

Based on the Voltage type, the market is segmented into three categories including Low Voltage, Medium Voltage, and High Voltage. Among these, low voltage switchgears have become a well-known and leading category, controlling a sizeable portion of the North American market. The adaptability and wide range of uses of low voltage switchgear, which are normally intended to work at voltages up to 1,000 volts, make them highly preferred. They are widely used in residential, commercial, and industrial situations where control, protection, and distribution of electricity are necessities. These switchgears are essential to many commonplace electrical applications, including as protecting industrial equipment and distributing power in residential structures. They are a crucial part of the contemporary electrical infrastructure because of its protective features, user-friendly, and space-efficient designs. A sizeable portion of the market is also occupied by medium voltage switchgear, which normally operates in the voltage range of 1,000 to 35,000 volts. These systems are essential to renewable energy installations, electricity distribution networks, and a host of industrial uses. Because of their strong construction and improved safety features, they are an invaluable tool for handling the difficulties involved in medium voltage power distribution and guaranteeing a consistent and effective supply of electricity. High voltage switchgear is another important market sector. Typically, this switchgear is intended to operate at voltages more than 35,000 volts. These networks, which connect power producing facilities to substations and ultimately to end users, are essential to the long-distance transmission and distribution of electricity. In order to ensure the safe and dependable flow of energy across the grid and to provide vital protection against electrical failures, high voltage switchgears are designed to resist the demands of high-voltage applications.

The market is segmented based on the Installation of switchgears into Outdoor and Indoor. Indoor installation of switchgears are anticipated to grow more in coming years with the great market CAGR, it is an essential component of electrical infrastructure, especially in settings where controlled conditions, employee safety, and space optimization are critical. These installations are frequently seen in a range of commercial, institutional, and industrial contexts. The ability to shield the equipment from inclement weather, dust, and pollutants is one of the main benefits of installing switchgear indoors. Switchgear in indoor installations is frequently housed in special rooms or enclosures to maintain a regulated environment and lower the possibility of weather-related damage. When it comes to space management, indoor installations are particularly beneficial since they make effective use of the available square footage. Because of their ease of access, upkeep, and monitoring, they are especially well-suited for environments where regular inspections and modifications are required to guarantee maximum performance and safety. Indoor switchgear installations are developing along with technology, becoming more and more like smart and sustainable building solutions, adding digital monitoring and control systems, and improving energy efficiency. Outdoor installation of switchgears represents a different facet of the switchgear landscape, often seen in applications where environmental conditions and spatial considerations differ significantly from indoor environments. These installations are designed to withstand the challenges posed by the elements, making them ideal for utility substations, power generation facilities, and large industrial complexes. The primary advantage of outdoor switchgear installations is their ability to operate efficiently in diverse weather conditions. These systems are built to resist moisture, extreme temperatures, and exposure to sunlight, ensuring that they maintain their functionality and reliability even in adverse conditions.

The market is segmented based on the End-Users, into Transmission & Distribution Utilities, Industries, Commercial & Residential, and Other End Users. Transmission & Distribution Utilities stand out among these groups as the main and most important switchgear system users. Switchgear systems play a crucial role in this industry by protecting against faults and disruptions in the power grid and guaranteeing an effective and consistent flow of electricity. In this situation, switchgear systems' durability and high performance are crucial because they allow utilities to preserve the integrity and stability of the electrical supply. Closely behind, one significant application base for switchgear systems is the industrial sector. Industries comprise a diverse array of areas, ranging from heavy machinery and automation to manufacturing and process industries. In industrial settings, switchgear systems are essential for guaranteeing the security of persons, processes, and electrical equipment. They enhance operating efficiency and minimize downtime by assisting in the protection of vital gear, controlling power distribution, and facilitating fault detection. End customers, both residential and commercial, also contribute significantly to the switchgear market. Switchgear systems in commercial buildings facilitate power distribution within intricate infrastructures, improve electrical safety, and control electrical loads efficiently. They are used in residential settings to distribute energy and protect circuits, guaranteeing a dependable and secure power supply for households. Finally, by including a range of industries and applications in data centers, healthcare facilities, transportation, and other areas, "Other End Users" add value to the market.

Companies covered in this report:
Siemens AG, ABB, Schneider Electric SE, Eaton Corporation plc, Mitsubishi Electric Corporation, Toshiba Corporation, General Electric Company, Hitachi, Ltd., Hyundai Electric, Hyosung Corporation, CG Power and Industrial Solutions Limited, Hubbell Incorporated.

Considered in this report:
• Geography: North America
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• North America Switchgear market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report:
• United States
• Canada
• Mexico

By Insulation:
• Gas Insulated Switchgears
• Air Insulated Switchgears
• Other Insulated Switchgears

By Voltage Level:
• Low-voltage Switchgears
• Medium-voltage Switchgears
• High-voltage Switchgears

By Installation:
• Indoor Installation
• Outdoor Installation

By End-User:
• Transmission & Distribution Utilities
• Industries
• Commercial & Residential
• Other End Users

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Switchgear industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.



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