진공 절연 중압 스위치기어 시장 기회, 성장 촉진요인, 산업 동향 분석, 예측(2025-2034년)

The Global Vacuum Insulated Medium Voltage Switchgear Market, valued at USD 28.7 billion in 2024, is projected to experience a CAGR of 6% from 2025 to 2034. This growth is driven by the increasing need for efficient and reliable power distribution systems, supported by the rise in urbanization and industrial development. As more utilities and commercial sectors embrace advanced switchgear technology, vacuum insulation is becoming a popular choice due to its environmental benefits. Unlike traditional alternatives that rely on greenhouse gases such as SF6, vacuum insulation eliminates these harmful substances, supporting global efforts to cut carbon emissions.

Moreover, the integration of vacuum insulated switchgear into modern smart grid systems is enhancing market growth. With the ongoing digitalization of power networks, this technology improves both monitoring and operational efficiency. Additionally, investments in renewable energy projects are opening up new possibilities for adaptable switchgear systems capable of meeting the evolving energy needs of various sectors.

The market's expansion is especially evident in regions focused on increasing electrification, where grid modernization is a priority. As governments and industries push for sustainable and dependable energy infrastructure, the demand for high-performing switchgear solutions is escalating.

Focusing on voltage specifications, the segment of >= 21 kV to < 27 kV is expected to surpass USD 12.5 billion by 2034. The growth of this segment is largely attributed to the increasing demand for stable power distribution systems across various commercial and industrial sectors. These medium voltage systems are essential for the smooth transmission of power, which is driving their widespread adoption in numerous infrastructure applications.

In terms of components, the contractor segment is projected to witness a CAGR of over 6.6% through 2034. This growth is fueled by utilities investing in smart grid development and requiring advanced switchgear systems that support efficient and reliable power distribution. With its compact design, enhanced safety features, and low maintenance requirements, vacuum insulated AC switchgear is ideally suited for these modern grid applications, further boosting its demand.

The U.S. market for vacuum insulated medium voltage switchgear is expected to reach USD 5.9 billion by 2034, driven by substantial investments in grid modernization. These upgrades aim to improve grid efficiency, reliability, and resilience, especially in response to increasing extreme weather events. Vacuum insulated switchgear plays a key role in enhancing grid stability and minimizing downtime, making it an essential component for a more efficient and sustainable energy future.

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 >= 3 kV to < 9 kV
• 5.3 >= 9 kV to < 15 kV
• 5.4 >= 15 kV to < 21 kV
• 5.5 >= 21 kV to < 27 kV
• 5.6 >= 27 kV to < 33 kV
• 5.7 >= 33 kV

Chapter 6 Market Size and Forecast, By Component, 2021 - 2034 (USD Million, '000 Units)

• 6.1 Key trends
• 6.2 Circuit breakers
• 6.3 Contactors
• 6.4 Switches & disconnector
• 6.5 Fuses
• 6.6 Others

Chapter 7 Market Size and Forecast, By End Use, 2021 - 2034 (USD Million, '000 Units)

• 7.1 Key trends
• 7.2 Power stations
• 7.3 Transformer substations
• 7.4 Local electricity supply
• 7.5 Others

Chapter 8 Market Size and Forecast, By Application, 2021 - 2034 (USD Million, '000 Units)

• 8.1 Key trends
• 8.2 Residential
• 8.3 Commercial
• 8.4 Industrial
• 8.5 Utility

Chapter 9 Market Size and Forecast, By Region, 2021 - 2034 (USD Million, '000 Units)

• 9.1 Key trends
• 9.2 North America
  • 9.2.1 U.S.
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 UK
  • 9.3.2 France
  • 9.3.3 Germany
  • 9.3.4 Italy
  • 9.3.5 Russia
  • 9.3.6 Spain
• 9.4 Asia Pacific
  • 9.4.1 China
  • 9.4.2 Australia
  • 9.4.3 India
  • 9.4.4 Japan
  • 9.4.5 South Korea
• 9.5 Middle East & Africa
  • 9.5.1 Saudi Arabia
  • 9.5.2 UAE
  • 9.5.3 Turkey
  • 9.5.4 South Africa
  • 9.5.5 Egypt
• 9.6 Latin America
  • 9.6.1 Brazil
  • 9.6.2 Argentina

Chapter 10 Company Profiles

• 10.1 ABB
• 10.2 Bharat Heavy Electricals
• 10.3 CG Power and Industrial Solutions
• 10.4 E + I Engineering
• 10.5 Eaton
• 10.6 Fuji Electric
• 10.7 General Electric
• 10.8 HD Hyundai Electric
• 10.9 Hitachi
• 10.10 Hyosung Heavy Industries
• 10.11 Lucy Group
• 10.12 Mitsubishi Electric
• 10.13 Ormazabal
• 10.14 Schneider Electric
• 10.15 Siemens
• 10.16 Skema
• 10.17 Toshiba