North America Switchgear Market Size, Share & Industry Trends Analysis Report By Installation, By Insulation, By Voltage Type (Low Voltage, Medium Voltage, and High Voltage), By End-use, By Country and Growth Forecast, 2023

Description

List of Tables

The North America Switchgear Market would witness market growth of 5.2% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 8,565 thousand units, showcasing a growth of 5.4% (2019-2022).

The market is expanding swiftly due to infrastructure and manufacturing facilities improvements. One of the most significant drivers of the business is smart switchgear, which is crucial in the distribution of electricity to industry and residential areas. Implementing smart power distribution devices like smart switchgear ensures increased performance, power continuity, and resource optimization while reducing transmission, operational, and maintenance costs. Future-proof, versatile, and energy-efficient new smart switchgear. They provide solutions for updates and upgrades with no downtime. These technologies are anticipated to grow substantially and provide expansion opportunities.

The increasing urbanization and industrial development rate in many regions, particularly emerging economies, drove the electricity demand. This, in turn, boosted the demand to ensure efficient and reliable electrical distribution. The growing popularity of renewable energy sources, like wind and solar power, required the development of innovative switchgear to manage the variability and integration challenges associated with these energy sources. Many countries have invested in smart grid infrastructure, which relies heavily on advanced switchgear technologies. Smart grids require intelligent switchgear to monitor, control, and optimize electricity distribution. The electrification of transportation, including electric vehicles (EVs) is increasing. This trend drives the need for charging infrastructure, which relies on switchgear components.

North America boasts many renewable energy resources, including solar, wind, hydroelectric, geothermal, and biomass. These resources vary by region, with some areas having better conditions for specific types of renewable energy generation. Wind and solar power have seen substantial growth across the continent. The United States and Canada have experienced a surge in wind and solar installations, with Mexico also making notable strides. States like California, Texas, and Iowa are leaders in wind and solar energy production. The growing adoption of renewable energy sources in North America is driving significant changes in the market.

The US market dominated the North America Switchgear Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $30,804.6 million by 2030. The Canada market is experiencing a CAGR of 7.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.6% during (2023 - 2030).

Based on Installation, the market is segmented into Outdoor, and Indoor. Based on Insulation, the market is segmented into Vacuum, Air, and Oil & Gas. Based on Voltage Type, the market is segmented into Low Voltage, Medium Voltage, and High Voltage. Based on End-use, the market is segmented into Transmission & Distribution (T & D) Utilities, Commercial & Residential, and Industrial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include ABB Ltd., Alstom SA, Bharat Heavy Electricals Ltd., Eaton Corporation PLC, General Electric Company, Legrand Group, Hitachi, Ltd., Crompton Greaves Consumer Electricals Limited., Larsen & Toubro Limited, Mitsubishi Electric Corporation

Scope of the Study

Market Segments covered in the Report:

By Installation (Volume, Thousand Units, USD Million, 2019-2030)

Outdoor
Indoor

By Insulation (Volume, Thousand Units, USD Million, 2019-2030)

Vacuum
Air
Oil & Gas

By Voltage Type (Volume, Thousand Units, USD Million, 2019-2030)

Low Voltage
Medium Voltage
High Voltage

By End-use (Volume, Thousand Units, USD Million, 2019-2030)

Transmission & Distribution (T & D) Utilities
Commercial & Residential
Industrial

By Country (Volume, Thousand Units, USD Million, 2019-2030)

US
Canada
Mexico
Rest of North America

Companies Profiled

ABB Ltd.
Alstom SA
Bharat Heavy Electricals Ltd.
Eaton Corporation PLC
General Electric Company
Legrand Group
Hitachi, Ltd.
Crompton Greaves Consumer Electricals Limited.
Larsen & Toubro Limited
Mitsubishi Electric Corporation

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Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 North America Switchgear Market, by Installation
- 1.4.2 North America Switchgear Market, by Insulation
- 1.4.3 North America Switchgear Market, by Voltage Type
- 1.4.4 North America Switchgear Market, by End-use
- 1.4.5 North America Switchgear Market, by Country
1.5 Methodology for the research

Chapter 2. Market At a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints

Chapter 4. Competition Analysis - Global

4.1 Market Share Analysis, 2022
4.2 Strategies Deployed in Switchgear Market
4.3 Porter Five Forces Analysis

Chapter 5. North America Switchgear Market by Installation

5.1 North America Outdoor Market by Country
5.2 North America Indoor Market by Country

Chapter 6. North America Switchgear Market by Insulation

6.1 North America Vacuum Market by Country
6.2 North America Air Market by Country
6.3 North America Oil & Gas Market by Country

Chapter 7. North America Switchgear Market by Voltage Type

7.1 North America Low Voltage Market by Country
7.2 North America Medium Voltage Market by Country
7.3 North America High Voltage Market by Country

Chapter 8. North America Switchgear Market by End-use

8.1 North America Transmission & Distribution (T & D) Utilities Market by Country
8.2 North America Commercial & Residential Market by Country
8.3 North America Industrial Market by Country

Chapter 9. North America Switchgear Market by Country

9.1 US Switchgear Market
- 9.1.1 US Switchgear Market by Installation
- 9.1.2 US Switchgear Market by Insulation
- 9.1.3 US Switchgear Market by Voltage Type
- 9.1.4 US Switchgear Market by End-use
9.2 Canada Switchgear Market
- 9.2.1 Canada Switchgear Market by Installation
- 9.2.2 Canada Switchgear Market by Insulation
- 9.2.3 Canada Switchgear Market by Voltage Type
- 9.2.4 Canada Switchgear Market by End-use
9.3 Mexico Switchgear Market
- 9.3.1 Mexico Switchgear Market by Installation
- 9.3.2 Mexico Switchgear Market by Insulation
- 9.3.3 Mexico Switchgear Market by Voltage Type
- 9.3.4 Mexico Switchgear Market by End-use
9.4 Rest of North America Switchgear Market
- 9.4.1 Rest of North America Switchgear Market by Installation
- 9.4.2 Rest of North America Switchgear Market by Insulation
- 9.4.3 Rest of North America Switchgear Market by Voltage Type
- 9.4.4 Rest of North America Switchgear Market by End-use

Chapter 10. Company Profiles

10.1 ABB Ltd.
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Segmental and Regional Analysis
- 10.1.4 Research & Development Expense
- 10.1.5 Recent strategies and developments:
  - 10.1.5.1 Geographical Expansions:
- 10.1.6 SWOT Analysis
10.2 Alstom SA
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Segmental and Regional Analysis
- 10.2.4 Research & Development Expenses
- 10.2.5 SWOT Analysis
10.3 Bharat Heavy Electricals Ltd.
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Segmental and Regional Analysis
- 10.3.4 Research & Development Expenses
- 10.3.5 Recent strategies and developments:
  - 10.3.5.1 Partnerships, Collaborations, and Agreements:
- 10.3.6 SWOT Analysis
10.4 Eaton Corporation PLC
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Segmental and Regional Analysis
- 10.4.4 Research & Development Expense
- 10.4.5 Recent strategies and developments:
  - 10.4.5.1 Partnerships, Collaborations, and Agreements:
  - 10.4.5.2 Acquisition and Mergers:
- 10.4.6 SWOT Analysis
10.5 General Electric Company
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Segmental and Regional Analysis
- 10.5.4 Research & Development Expense
- 10.5.5 Recent strategies and developments:
  - 10.5.5.1 Partnerships, Collaborations, and Agreements:
- 10.5.6 SWOT Analysis
10.6 Legrand Group
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Regional Analysis
- 10.6.4 Research & Development Expense
- 10.6.5 SWOT Analysis
10.7 Hitachi, Ltd.
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Segmental and Regional Analysis
- 10.7.4 Research & Development Expenses
- 10.7.5 Recent strategies and developments:
  - 10.7.5.1 Partnerships, Collaborations, and Agreements:
  - 10.7.5.2 Acquisition and Mergers:
- 10.7.6 SWOT Analysis
10.8 Crompton Greaves Consumer Electricals Limited.
- 10.8.1 Company Overview
- 10.8.2 Financial Analysis
- 10.8.3 Segmental and Regional Analysis
- 10.8.4 Research & Development Expenses
- 10.8.5 SWOT Analysis
10.9 Larsen & Toubro Limited.
- 10.9.1 Company Overview
- 10.9.2 Financial Analysis
- 10.9.3 Segmental and Regional Analysis
- 10.9.4 Research & Development Expenses
- 10.9.5 SWOT Analysis
10.10. Mitsubishi Electric Corporation
- 10.10.1 Company Overview
- 10.10.2 Financial Analysis
- 10.10.3 Segmental and Regional Analysis
- 10.10.4 Research & Development Expense
- 10.10.5 SWOT Analysis

LIST OF TABLES

TABLE 1 North America Switchgear Market, 2019 - 2022, USD Million
TABLE 2 North America Switchgear Market, 2023 - 2030, USD Million
TABLE 3 North America Switchgear Market, 2019 - 2022, Thousand Units
TABLE 4 North America Switchgear Market, 2023 - 2030, Thousand Units
TABLE 5 North America Switchgear Market by Installation, 2019 - 2022, USD Million
TABLE 6 North America Switchgear Market by Installation, 2023 - 2030, USD Million
TABLE 7 North America Switchgear Market by Installation, 2019 - 2022, Thousand Units
TABLE 8 North America Switchgear Market by Installation, 2023 - 2030, Thousand Units
TABLE 9 North America Outdoor Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Outdoor Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Outdoor Market by Country, 2019 - 2022, Thousand Units
TABLE 12 North America Outdoor Market by Country, 2023 - 2030, Thousand Units
TABLE 13 North America Indoor Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Indoor Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Indoor Market by Country, 2019 - 2022, Thousand Units
TABLE 16 North America Indoor Market by Country, 2023 - 2030, Thousand Units
TABLE 17 North America Switchgear Market by Insulation, 2019 - 2022, USD Million
TABLE 18 North America Switchgear Market by Insulation, 2023 - 2030, USD Million
TABLE 19 North America Switchgear Market by Insulation, 2019 - 2022, Thousand Units
TABLE 20 North America Switchgear Market by Insulation, 2023 - 2030, Thousand Units
TABLE 21 North America Vacuum Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Vacuum Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Vacuum Market by Country, 2019 - 2022, Thousand Units
TABLE 24 North America Vacuum Market by Country, 2023 - 2030, Thousand Units
TABLE 25 North America Air Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Air Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Air Market by Country, 2019 - 2022, Thousand Units
TABLE 28 North America Air Market by Country, 2023 - 2030, Thousand Units
TABLE 29 North America Oil & Gas Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Oil & Gas Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Oil & Gas Market by Country, 2019 - 2022, Thousand Units
TABLE 32 North America Oil & Gas Market by Country, 2023 - 2030, Thousand Units
TABLE 33 North America Switchgear Market by Voltage Type, 2019 - 2022, USD Million
TABLE 34 North America Switchgear Market by Voltage Type, 2023 - 2030, USD Million
TABLE 35 North America Switchgear Market by Voltage Type, 2019 - 2022, Thousand Units
TABLE 36 North America Switchgear Market by Voltage Type, 2023 - 2030, Thousand Units
TABLE 37 North America Low Voltage Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Low Voltage Market by Country, 2023 - 2030, USD Million
TABLE 39 North America Low Voltage Market by Country, 2019 - 2022, Thousand Units
TABLE 40 North America Low Voltage Market by Country, 2023 - 2030, Thousand Units
TABLE 41 North America Medium Voltage Market by Country, 2019 - 2022, USD Million
TABLE 42 North America Medium Voltage Market by Country, 2023 - 2030, USD Million
TABLE 43 North America Medium Voltage Market by Country, 2019 - 2022, Thousand Units
TABLE 44 North America Medium Voltage Market by Country, 2023 - 2030, Thousand Units
TABLE 45 North America High Voltage Market by Country, 2019 - 2022, USD Million
TABLE 46 North America High Voltage Market by Country, 2023 - 2030, USD Million
TABLE 47 North America High Voltage Market by Country, 2019 - 2022, Thousand Units
TABLE 48 North America High Voltage Market by Country, 2023 - 2030, Thousand Units
TABLE 49 North America Switchgear Market by End-use, 2019 - 2022, USD Million
TABLE 50 North America Switchgear Market by End-use, 2023 - 2030, USD Million
TABLE 51 North America Switchgear Market by End-use, 2019 - 2022, Thousand Units
TABLE 52 North America Switchgear Market by End-use, 2023 - 2030, Thousand Units
TABLE 53 North America Transmission & Distribution (T & D) Utilities Market by Country, 2019 - 2022, USD Million
TABLE 54 North America Transmission & Distribution (T & D) Utilities Market by Country, 2023 - 2030, USD Million
TABLE 55 North America Transmission & Distribution (T & D) Utilities Market by Country, 2019 - 2022, Thousand Units
TABLE 56 North America Transmission & Distribution (T & D) Utilities Market by Country, 2023 - 2030, Thousand Units
TABLE 57 North America Commercial & Residential Market by Country, 2019 - 2022, USD Million
TABLE 58 North America Commercial & Residential Market by Country, 2023 - 2030, USD Million
TABLE 59 North America Commercial & Residential Market by Country, 2019 - 2022, Thousand Units
TABLE 60 North America Commercial & Residential Market by Country, 2023 - 2030, Thousand Units
TABLE 61 North America Industrial Market by Country, 2019 - 2022, USD Million
TABLE 62 North America Industrial Market by Country, 2023 - 2030, USD Million
TABLE 63 North America Industrial Market by Country, 2019 - 2022, Thousand Units
TABLE 64 North America Industrial Market by Country, 2023 - 2030, Thousand Units
TABLE 65 North America Switchgear Market by Country, 2019 - 2022, USD Million
TABLE 66 North America Switchgear Market by Country, 2023 - 2030, USD Million
TABLE 67 North America Switchgear Market by Country, 2019 - 2022, Thousand Units
TABLE 68 North America Switchgear Market by Country, 2023 - 2030, Thousand Units
TABLE 69 US Switchgear Market, 2019 - 2022, USD Million
TABLE 70 US Switchgear Market, 2023 - 2030, USD Million
TABLE 71 US Switchgear Market, 2019 - 2022, Thousand Units
TABLE 72 US Switchgear Market, 2023 - 2030, Thousand Units
TABLE 73 US Switchgear Market by Installation, 2019 - 2022, USD Million
TABLE 74 US Switchgear Market by Installation, 2023 - 2030, USD Million
TABLE 75 US Switchgear Market by Installation, 2019 - 2022, Thousand Units
TABLE 76 US Switchgear Market by Installation, 2023 - 2030, Thousand Units
TABLE 77 US Switchgear Market by Insulation, 2019 - 2022, USD Million
TABLE 78 US Switchgear Market by Insulation, 2023 - 2030, USD Million
TABLE 79 US Switchgear Market by Insulation, 2019 - 2022, Thousand Units
TABLE 80 US Switchgear Market by Insulation, 2023 - 2030, Thousand Units
TABLE 81 US Switchgear Market by Voltage Type, 2019 - 2022, USD Million
TABLE 82 US Switchgear Market by Voltage Type, 2023 - 2030, USD Million
TABLE 83 US Switchgear Market by Voltage Type, 2019 - 2022, Thousand Units
TABLE 84 US Switchgear Market by Voltage Type, 2023 - 2030, Thousand Units
TABLE 85 US Switchgear Market by End-use, 2019 - 2022, USD Million
TABLE 86 US Switchgear Market by End-use, 2023 - 2030, USD Million
TABLE 87 US Switchgear Market by End-use, 2019 - 2022, Thousand Units
TABLE 88 US Switchgear Market by End-use, 2023 - 2030, Thousand Units
TABLE 89 Canada Switchgear Market, 2019 - 2022, USD Million
TABLE 90 Canada Switchgear Market, 2023 - 2030, USD Million
TABLE 91 Canada Switchgear Market, 2019 - 2022, Thousand Units
TABLE 92 Canada Switchgear Market, 2023 - 2030, Thousand Units
TABLE 93 Canada Switchgear Market by Installation, 2019 - 2022, USD Million
TABLE 94 Canada Switchgear Market by Installation, 2023 - 2030, USD Million
TABLE 95 Canada Switchgear Market by Installation, 2019 - 2022, Thousand Units
TABLE 96 Canada Switchgear Market by Installation, 2023 - 2030, Thousand Units
TABLE 97 Canada Switchgear Market by Insulation, 2019 - 2022, USD Million
TABLE 98 Canada Switchgear Market by Insulation, 2023 - 2030, USD Million
TABLE 99 Canada Switchgear Market by Insulation, 2019 - 2022, Thousand Units
TABLE 100 Canada Switchgear Market by Insulation, 2023 - 2030, Thousand Units
TABLE 101 Canada Switchgear Market by Voltage Type, 2019 - 2022, USD Million
TABLE 102 Canada Switchgear Market by Voltage Type, 2023 - 2030, USD Million
TABLE 103 Canada Switchgear Market by Voltage Type, 2019 - 2022, Thousand Units
TABLE 104 Canada Switchgear Market by Voltage Type, 2023 - 2030, Thousand Units
TABLE 105 Canada Switchgear Market by End-use, 2019 - 2022, USD Million
TABLE 106 Canada Switchgear Market by End-use, 2023 - 2030, USD Million
TABLE 107 Canada Switchgear Market by End-use, 2019 - 2022, Thousand Units
TABLE 108 Canada Switchgear Market by End-use, 2023 - 2030, Thousand Units
TABLE 109 Mexico Switchgear Market, 2019 - 2022, USD Million
TABLE 110 Mexico Switchgear Market, 2023 - 2030, USD Million
TABLE 111 Mexico Switchgear Market, 2019 - 2022, Thousand Units
TABLE 112 Mexico Switchgear Market, 2023 - 2030, Thousand Units
TABLE 113 Mexico Switchgear Market by Installation, 2019 - 2022, USD Million
TABLE 114 Mexico Switchgear Market by Installation, 2023 - 2030, USD Million
TABLE 115 Mexico Switchgear Market by Installation, 2019 - 2022, Thousand Units
TABLE 116 Mexico Switchgear Market by Installation, 2023 - 2030, Thousand Units
TABLE 117 Mexico Switchgear Market by Insulation, 2019 - 2022, USD Million
TABLE 118 Mexico Switchgear Market by Insulation, 2023 - 2030, USD Million
TABLE 119 Mexico Switchgear Market by Insulation, 2019 - 2022, Thousand Units
TABLE 120 Mexico Switchgear Market by Insulation, 2023 - 2030, Thousand Units
TABLE 121 Mexico Switchgear Market by Voltage Type, 2019 - 2022, USD Million
TABLE 122 Mexico Switchgear Market by Voltage Type, 2023 - 2030, USD Million
TABLE 123 Mexico Switchgear Market by Voltage Type, 2019 - 2022, Thousand Units
TABLE 124 Mexico Switchgear Market by Voltage Type, 2023 - 2030, Thousand Units
TABLE 125 Mexico Switchgear Market by End-use, 2019 - 2022, USD Million
TABLE 126 Mexico Switchgear Market by End-use, 2023 - 2030, USD Million
TABLE 127 Mexico Switchgear Market by End-use, 2019 - 2022, Thousand Units
TABLE 128 Mexico Switchgear Market by End-use, 2023 - 2030, Thousand Units
TABLE 129 Rest of North America Switchgear Market, 2019 - 2022, USD Million
TABLE 130 Rest of North America Switchgear Market, 2023 - 2030, USD Million
TABLE 131 Rest of North America Switchgear Market, 2019 - 2022, Thousand Units
TABLE 132 Rest of North America Switchgear Market, 2023 - 2030, Thousand Units
TABLE 133 Rest of North America Switchgear Market by Installation, 2019 - 2022, USD Million
TABLE 134 Rest of North America Switchgear Market by Installation, 2023 - 2030, USD Million
TABLE 135 Rest of North America Switchgear Market by Installation, 2019 - 2022, Thousand Units
TABLE 136 Rest of North America Switchgear Market by Installation, 2023 - 2030, Thousand Units
TABLE 137 Rest of North America Switchgear Market by Insulation, 2019 - 2022, USD Million
TABLE 138 Rest of North America Switchgear Market by Insulation, 2023 - 2030, USD Million
TABLE 139 Rest of North America Switchgear Market by Insulation, 2019 - 2022, Thousand Units
TABLE 140 Rest of North America Switchgear Market by Insulation, 2023 - 2030, Thousand Units
TABLE 141 Rest of North America Switchgear Market by Voltage Type, 2019 - 2022, USD Million
TABLE 142 Rest of North America Switchgear Market by Voltage Type, 2023 - 2030, USD Million
TABLE 143 Rest of North America Switchgear Market by Voltage Type, 2019 - 2022, Thousand Units
TABLE 144 Rest of North America Switchgear Market by Voltage Type, 2023 - 2030, Thousand Units
TABLE 145 Rest of North America Switchgear Market by End-use, 2019 - 2022, USD Million
TABLE 146 Rest of North America Switchgear Market by End-use, 2023 - 2030, USD Million
TABLE 147 Rest of North America Switchgear Market by End-use, 2019 - 2022, Thousand Units
TABLE 148 Rest of North America Switchgear Market by End-use, 2023 - 2030, Thousand Units
TABLE 149 Key Information - ABB Ltd.
TABLE 150 Key Information - aLSTOM SA
TABLE 151 Key information - Bharat Heavy Electricals Ltd.
TABLE 152 key information - Eaton Corporation PLC
TABLE 153 Key Information - General Electric Company
TABLE 154 key Information - Legrand Group
TABLE 155 Key Information - hitachi ltd.
TABLE 156 Key Information - Crompton Greaves Consumer Electricals Limited.
TABLE 157 Key Information - Larsen & Toubro Limited.
TABLE 158 key Information - Mitsubishi Electric Corporation

North America Switchgear Market Size, Share & Industry Trends Analysis Report By Installation, By Insulation, By Voltage Type (Low Voltage, Medium Voltage, and High Voltage), By End-use, By Country and Growth Forecast, 2023 - 2030