유틸리티 규모 스위치기어 시장 기회, 성장 촉진요인, 산업 동향 분석, 예측(2025-2034년)

The Global Utility Scale Switchgear Market, valued at USD 85.9 billion in 2024, is set to experience impressive growth at a CAGR of 7.2% between 2025 and 2034. This robust growth is largely driven by substantial investments in renewable energy infrastructure, ongoing grid modernization initiatives, and the rapid expansion of high-voltage transmission networks. As the global shift towards clean energy intensifies, the demand for advanced switchgear systems is surging. These systems are essential for efficient power management, grid stability, and integrating renewable energy sources such as wind and solar power. Additionally, the rising demand for electricity in emerging markets is further accelerating the need for reliable and robust electrical distribution systems to support growing energy needs.

A key factor fueling market growth is the increasing focus on renewable energy projects worldwide, with countries aiming to enhance their green energy output and infrastructure. The switchgear market plays a crucial role in the transition to clean energy, ensuring the stability of the electrical grid and maintaining the efficiency of power distribution. Technological advancements in switchgear design are contributing to the market's expansion as new and more sophisticated systems are developed to handle the complexities of modern energy needs. Furthermore, the aging infrastructure in many parts of the world, particularly in developed countries, is driving the demand for updated, more reliable switchgear solutions to keep pace with growing energy demands and maintain operational efficiency.

Looking at the market by voltage, the >36 kV segment is expected to generate USD 102.8 billion by 2034, reflecting a growing trend toward high-voltage infrastructure. This increase is driven by the need for large-scale renewable energy projects and long-distance power transmission. As wind and solar energy become the primary sources of power generation, high-voltage switchgear systems are critical in managing power flow and stabilizing the transmission grid over long distances. Additionally, the modernization of aging grid systems in developed nations plays a significant role in the expansion of this segment.

When considering the market by current, the AC segment is projected to grow at a CAGR of 6.8% through 2034. AC transmission and distribution systems are widely adopted due to their efficiency in long-distance power transmission and their compatibility with existing grid structures. The rise of renewable energy projects, particularly wind and solar farms, is further driving the demand for AC switchgear to support the integration of clean energy into the grid.

In the U.S., the utility-scale switchgear market is expected to generate USD 16.2 billion by 2034. This growth is fueled by extensive investments in modernizing the country's aging power grid infrastructure and addressing the challenges posed by outdated electrical systems. As electricity demand continues to rise, the need for reliable and efficient switchgear systems is becoming more urgent. The expansion of renewable energy projects in the U.S. is also a major factor, as these advanced systems are required to manage fluctuating power flows and ensure grid stability.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Market definitions
• 1.2 Base estimates & calculations
• 1.3 Forecast calculation
• 1.4 Data sources
  • 1.4.1 Primary
  • 1.4.2 Secondary
    • 1.4.2.1 Paid
    • 1.4.2.2 Public

Chapter 2 Executive Summary

• 2.1 Industry synopsis, 2021 - 2034

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
• 3.2 Regulatory landscape
• 3.3 Industry impact forces
  • 3.3.1 Growth drivers
  • 3.3.2 Industry pitfalls & challenges
• 3.4 Growth potential analysis
• 3.5 Porter's analysis
  • 3.5.1 Bargaining power of suppliers
  • 3.5.2 Bargaining power of buyers
  • 3.5.3 Threat of new entrants
  • 3.5.4 Threat of substitutes
• 3.6 PESTEL analysis

Chapter 4 Competitive landscape, 2024

• 4.1 Strategic dashboard
• 4.2 Innovation & sustainability landscape

Chapter 5 Market Size and Forecast, By Voltage, 2021 – 2034 (USD Million, ‘000 Units)

• 5.1 Key trends
• 5.2 < 36 kV
• 5.3 > 36 kV

Chapter 6 Market Size and Forecast, By Installation, 2021 – 2034 (USD Million, ‘000 Units)

• 6.1 Key trends
• 6.2 Indoor
• 6.3 Outdoor

Chapter 7 Market Size and Forecast, By Region, 2021 – 2034 (USD Million, ‘000 Units)

• 7.1 Key trends
• 7.2 North America
  • 7.2.1 U.S.
  • 7.2.2 Canada
  • 7.2.3 Mexico
• 7.3 Europe
  • 7.3.1 UK
  • 7.3.2 France
  • 7.3.3 Germany
  • 7.3.4 Italy
  • 7.3.5 Russia
  • 7.3.6 Spain
• 7.4 Asia Pacific
  • 7.4.1 China
  • 7.4.2 Australia
  • 7.4.3 India
  • 7.4.4 Japan
  • 7.4.5 South Korea
• 7.5 Middle East & Africa
  • 7.5.1 Saudi Arabia
  • 7.5.2 UAE
  • 7.5.3 Turkey
  • 7.5.4 South Africa
  • 7.5.5 Egypt
• 7.6 Latin America
  • 7.6.1 Brazil
  • 7.6.2 Argentina

Chapter 8 Company Profiles

• 8.1 ABB
• 8.2 Bharat Heavy Electricals
• 8.3 CG Power and Industrial Solutions
• 8.4 E + I Engineering
• 8.5 Eaton
• 8.6 Fuji Electric
• 8.7 General Electric
• 8.8 HD Hyundai Electric
• 8.9 Hitachi
• 8.10 Hyosung Heavy Industries
• 8.11 Lucy Group
• 8.12 Mitsubishi Electric
• 8.13 Ormazabal
• 8.14 Schneider Electric
• 8.15 Siemens
• 8.16 Skema
• 8.17 Toshiba