Global Medium Voltage Switchgears Market Growth 2025-2031

The global Medium Voltage Switchgears market size is predicted to grow from US$ 15400 million in 2025 to US$ 20980 million in 2031; it is expected to grow at a CAGR of 5.3% from 2025 to 2031.

Medium Voltage Switchgears are a complete set of switchgears and control equipments used for Medium Voltage (3.6～40.5kV). It acts as a power center and a main power distribution unit. Mainly used for power lines, the main electrical equipment control, monitoring, measurement and protection. Often set in the substation, power distribution room, etc.

ABB, Schneider Electric and Siemens captured the top three revenue share spots in the Medium Voltage Switchgears market.ABB dominated with 8 percent revenue share, followed by Schneider Electric with 7 percent revenue share and Siemens with 6 percent revenue share.

LP Information, Inc. (LPI) ' newest research report, the “Medium Voltage Switchgears Industry Forecast” looks at past sales and reviews total world Medium Voltage Switchgears sales in 2024, providing a comprehensive analysis by region and market sector of projected Medium Voltage Switchgears sales for 2025 through 2031. With Medium Voltage Switchgears sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Medium Voltage Switchgears industry.

This Insight Report provides a comprehensive analysis of the global Medium Voltage Switchgears landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Medium Voltage Switchgears portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Medium Voltage Switchgears market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Medium Voltage Switchgears and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Medium Voltage Switchgears.

This report presents a comprehensive overview, market shares, and growth opportunities of Medium Voltage Switchgears market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Air Insulated Switchgears
Gas Insulated Switchgears
Others

Segmentation by Application:
Residential
Industrial
Commercial
Utility Installations

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
ABB
Siemens
Eaton
Schneider Electric
GE Industrial
Toshiba
Hitachi
CHINT
Mitsubishi Electric
Lucy Electric
Fuji Electric
Bharat Heavy Electricals
Crompton Greaves Ltd.
BOER
Hyundai Heavy Industries
Efacec
Nissin Electric
Dual-ADE
Powell Industries
Henan Senyuan Electric
Hyosung Power & Industrial Systems
Huatech

Key Questions Addressed in this Report

What is the 10-year outlook for the global Medium Voltage Switchgears market?

What factors are driving Medium Voltage Switchgears market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Medium Voltage Switchgears market opportunities vary by end market size?

How does Medium Voltage Switchgears break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.