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Switchgear for Power Transmission Market Outlook Report

Published On: Feb, 2025
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Pages: 136

The Switchgear for Power Transmission Market is estimated at USD 19,364 million in 2023. Further, the market is expected to grow from USD 2,0454 million in 2024 to USD 3,1290 million in 2031 at a CAGR of 6.2%.

Switchgear for Power Transmission Market Overview

Switchgear is the main device used for common needs such as controlling, protecting, and isolating power systems. They are also used for de-energizing equipment for safe testing, maintenance, and fault clearing. The types of switchgear include air-insulated switchgear, gas-insulated switchgear, and hybrid switchgear. There are three primary types of switchgear based on voltage: Low voltage (less than 1 kV), Medium voltage (up to 36 kV), and High voltage (above 36 kV). 
Examples of switchgear include switching devices (Switches, Fuses, Circuit breakers), measuring devices (Current and Voltage Transformers), and protection & control devices (Relays, Lightning arresters). Since the global electricity market adopted an alternating current system rather than a direct current system for power transmission and distribution, switchgear has been the backbone of electricity grids. Switchgear is critical in ensuring electrical power systems' safe, reliable, and efficient operation. In situations of a power supply shortage or overloading, switchgear can be used to shed non-essential loads or transfer loads to alternate sources, helping to maintain the system's stability and prevent blackouts. In substations, switchgear controls the flow of electricity from higher voltage transmission lines to lower voltage distribution lines. They help manage the distribution of power to various consumers.

Asia-Pacific is the leading region in the switchgear for power transmission market, propelled by rapid urbanization, large-scale investments in smart grid infrastructure, and expanding electricity demand across emerging economies like China and India. High-voltage switchgear is the dominating segment in the market, fueled by the increasing deployment of high-capacity transmission lines, renewable energy integration, and growing need for grid reliability and efficiency.

Global switchgear for power transmission Market Analysis 2025-2032: Industry Size, Share, Growth Trends, Competition and Forecast Report

 Switchgear for Power Transmission Market Latest - Trends, Drivers, Challenges

Development of Intelligent, Eco-Efficient, Digital, Vacuum, Hybrid, and SF6 Free Switchgears:
Many businesses attempt to revolutionize the industry by providing next-generation switchgear technologies and solutions. Vacuum switchgear, hybrid switchgear, and intelligent switchgear are examples of recent switchgear innovations. Vacuum switching, commonly utilized in medium-voltage applications, is now a viable option in high-voltage applications. Hybrid switchgear combines air-insulated and high-voltage gas-insulated switchgear.
Smart switchgear has grown increasingly common as the smart grid has evolved. It can also handle more fluctuating renewable energy integration into the grid. Due to a growing focus on saving correctly and providing uninterrupted power, power companies concentrate on substation and switchgear technologies that use less space and lower outages. With the rapid pace of activities to establish a smart grid, alternative types of switchgear that are more compact, dependable, environmentally friendly, and need little installation and commissioning time are needed. As the requisition of renewable energy integration accelerates, utilities will be needed to ramp up the deployment of intelligent switchgear. There is a growing shift toward SF6-free switchgear, specifically in European countries. 

 

Rapid Urbanization & Industrialization Across the Globe: 
By 2050 more than two-thirds of the world’s population is estimated to live in urban areas. Africa’s urban population is estimated to rise from 40% to 56% by 2050, and Asia’s from 48% to 64%. Global demand for switchgear is rising due to the urban population in emerging economies. As cities expand and industries grow, the demand for reliable and efficient electrical distribution systems escalates. This rise in electricity consumption has increased the need for sophisticated power distribution equipment to ensure the smooth operation of various industrial processes and residential utilities. Moreover, as industrial activities have become more complex and diverse, the requirement for safety measures against electrical faults, short circuits, and overloads has increased, which, in turn, further necessitates the usage of switchgear.

 

Environmental Concerns & Regulations Restricting SF6 Gas Emissions:
In our energy-intensive world, electrical infrastructure is important for maintaining uninterrupted power networks. However, the widespread use of Sulphur hexafluoride (SF6) gas in switchgear poses an environmental challenge. Some traditional switchgear technologies use insulating gases that have a high global warming potential. Strict environmental regulations and the need to reduce greenhouse gas emissions push the industry to develop more environmentally friendly alternatives. 
In the T&D (Transmission and Distribution) of electricity, SF6 is widely used worldwide as an insulating gas in medium and high-voltage equipment. As the electricity demand grows, the chance of SF6 leaks from additional switches and circuit breakers also grows. Many communities are taking steps to upgrade their equipment and transition to SF6-free alternatives. While the European Community has taken significant strides in phasing out SF6 gas, the United Kingdom is yet to adopt similar legislation.

Companies Mentioned

  1. ABB Ltd.
  2. Mitsubishi Electric Corporation
  3. Siemens AG
  4. Eaton Corporation plc
  5. Toshiba Energy Systems & Solutions Corporation
  6. Hitachi, Ltd.
  7. Schneider Electric
  8. General Electric
  9. Chint Group
  10. Weidmüller
  11. Arteche
  12. Ingeteam
  13. Hyundai Heavy Industries
  14. LG CNS
  15. Fuji Electric

*The companies above are listed in no particular order.

Market Scope

Parameter

Detail

Base Year

2024

Estimated Year

2025

Forecast Period

2026-2032

Market Size-Units

USD million

Market Splits Covered

By Product, By Voltage

Countries Covered

North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, Rest of APAC)
The Middle East and Africa (Middle East, Africa)
South and Central America (Brazil, Argentina, Rest of SCA)

Analysis Covered

Latest Trends, Driving Factors, Challenges, Trade Analysis, Price Analysis, Supply-Chain Analysis, Competitive Landscape, Company Strategies

Customization

10% free customization (up to 10 analyst hours) to modify segments, geographies, and companies analyzed

Post-Sale Support

4 analyst hours, available up to 4 weeks

Delivery Format

The Latest Updated PDF and Excel Data file

Market Segmentation

Switchgear for Power Transmission Market, By Product Type

  • Air-insulated
  • Gas-insulated
  • Other Types

Switchgear for Power Transmission Market, By Voltage

  • Upto 110kV
  • 111-220kV
  • 221-420kV
  • > 420kV

Switchgear for Power Transmission Market, by Geography

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, Malaysia, Vietnam, Rest of APAC)
  • The Middle East and Africa (Saudi Arabia, South Africa, UAE, Iran, Egypt, Rest of MEA)
  • South and Central America (Brazil, Argentina, Chile, Rest of SCA)
     

TABLE OF CONTENTS

1. GLOBAL SWITCHGEAR FOR POWER TRANSMISSION INDUSTRY
1.1. Market Scope and Definition
1.2. Study Assumptions

2. GLOBAL SWITCHGEAR FOR POWER TRANSMISSION, MARKET SUMMARY, 2023
2.1. Switchgear for Power Transmission Market Latest Trends
2.1.1. Development of Intelligent, Eco-Efficient, Digital, Vacuum, Hybrid, and SF6 Free Switchgears:
2.1.2. Technological Advancements, Growing Digitalization and Smart Switchgears Demand:
2.1.3. Upgradation of Aging Power Infrastructure & Smart Grid Deployments:
2.1.4. Increase in Renewable Energy-Based Projects & Capacities, Government Initiatives:
2.1.5. Rise of Gas-Insulated Switchgear (GIS) Demand:

3. SWITCHGEAR FOR POWER TRANSMISSION, MARKET ANALYTICS
3.1. Switchgear for Power Transmission Market Insights, 2023-2031
3.1.1. Leading Switchgear for Power Transmission Types, 2023-2031
3.1.2. Dominant Switchgear for Power Transmission Voltage, 2023-2031
3.1.3. Fast-Growing Geographies for Switchgear for Power Transmission, 2023-2031
3.2. Switchgear for Power Transmission Demand Drivers to 2031
3.2.1. Rapid Urbanization & Industrialization Across the Globe:
3.2.2. Increasing Demand for Electricity:
3.2.3. Decentralizing Activities in the Administration of Buildings & Services:
3.2.4. Increased Investment in Industrial Production & Infrastructure:
3.2.5. Growing Usage of HVDC Systems:
3.3. Switchgear for Power Transmission Challenges to 2031
3.3.1. Environmental Concerns & Regulations Restricting SF6 Gas Emissions:
3.3.2. High Cost & Maintenance of Switchgears:
3.3.3. Technical Limitations of Switchgears & Functional Disadvantages:
3.4. Switchgear for Power Transmission Market-Five Forces Analysis

4. GLOBAL SWITCHGEAR FOR POWER TRANSMISSION, MARKET STATISTICS - INDUSTRY REVENUE, MARKET SHARE, GROWTH TRENDS AND FORECAST BY SEGMENTS, TO 2031
4.1. Global Switchgear for Power Transmission Market Overview, 2023
4.2. Global Switchgear for Power Transmission Market Size and Share Outlook, By Type, 2023-2031
4.2.1. Air-insulated
4.2.2. Gas-insulated
4.2.3. Other Types
4.3. Global Switchgear for Power Transmission Market Size and Share Outlook, By Voltage, 2023-2031
4.3.1. Upto 110kV
4.3.2. 111-220kV
4.3.3. 221-420kV
4.3.4. > 420kV
4.4. Global Switchgear for Power Transmission Market Size and Share Outlook by Region, 2023-2031

5. GLOBAL SWITCHGEAR FOR POWER TRANSMISSION MARKET VOLUME, MARKET SHARE, AND FORECAST TO 2031
5.1. Global Switchgear for Power Transmission Market Volume Overview, 2023
5.2. Global Switchgear for Power Transmission Market Size and Share Outlook, By Type, # Units, 2023-2031
5.2.1. Air-insulated
5.2.2. Gas-insulated
5.2.3. Other Types
5.3. Global Switchgear for Power Transmission Market Size and Share Outlook, By Voltage, 2023-2031
5.3.1. Upto 110kV
5.3.2. 111-220kV
5.3.3. 221-420kV
5.3.4. > 420kV
5.4. Global Switchgear for Power Transmission Market Size and Share Outlook by Region, 2023-2031

6. NORTH AMERICA SWITCHGEAR FOR POWER TRANSMISSION MARKET VALUE, MARKET SHARE, AND FORECAST TO 2031
6.1. North America Switchgear for Power Transmission Market Overview, 2023
6.2. North America Switchgear for Power Transmission Market Size and Share Outlook By Type, 2023-2031
6.3. North America Switchgear for Power Transmission Market Size and Share Outlook, By Voltage, 2023-2031
6.4. North America Switchgear for Power Transmission Market Size and Share Outlook by Country, 2023-2031
6.4.1. United States
6.4.2. Canada
6.4.3. Mexico

7. EUROPE SWITCHGEAR FOR POWER TRANSMISSION MARKET VALUE, MARKET SHARE, AND FORECAST TO 2031
7.1. Europe Switchgear for Power Transmission Market Overview, 2023
7.2. Europe Switchgear for Power Transmission Market Size and Share Outlook By Type, 2023-2031
7.3. Europe Switchgear for Power Transmission Market Size and Share Outlook, By Voltage, 2023-2031
7.4. Europe Switchgear for Power Transmission Market Size and Share Outlook by Country, 2023-2031
7.4.1. Germany
7.4.2. France
7.4.3. UK
7.4.4. Italy
7.4.5. Spain
7.4.6. Rest of Europe

8. ASIA PACIFIC SWITCHGEAR FOR POWER TRANSMISSION MARKET VALUE, MARKET SHARE AND FORECAST TO 2031
8.1. Asia Pacific Switchgear for Power Transmission Market Overview, 2023
8.2. Asia Pacific Switchgear for Power Transmission Market Size and Share Outlook By Type, 2023-2031
8.3. Asia Pacific Switchgear for Power Transmission Market Size and Share Outlook, By Voltage, 2023-2031
8.4. Asia Pacific Switchgear for Power Transmission Market Size and Share Outlook by Country, 2023-2031
8.4.1. China
8.4.2. Australia
8.4.3. South Korea
8.4.4. India
8.4.5. Rest of Asia Pacific

9. SOUTH AND CENTRAL AMERICA SWITCHGEAR FOR POWER TRANSMISSION MARKET VALUE, MARKET SHARE AND FORECAST TO 2031
9.1. South and Central America Switchgear for Power Transmission Market Overview, 2023
9.2. South and Central America Switchgear for Power Transmission Market Size and Share Outlook By Type, 2023-2031
9.3. South and Central America Switchgear for Power Transmission Market Size and Share Outlook, By Voltage, 2023-2031
9.4. South and Central America Switchgear for Power Transmission Market Size and Share Outlook by Country, 2023-2031
9.4.1. Brazil
9.4.2. Argentina
9.4.3. Rest of South and Central America

10. MIDDLE EAST AFRICA SWITCHGEAR FOR POWER TRANSMISSION MARKET VALUE, MARKET SHARE AND FORECAST TO 2031
10.1. Middle East Africa Switchgear for Power Transmission Market Overview, 2023
10.2. Middle East Africa Switchgear for Power Transmission Market Size and Share Outlook By Type, 2023-2031
10.3. Middle East Africa Switchgear for Power Transmission Market Size and Share Outlook, By Voltage, 2023-2031
10.4. Middle East Africa Switchgear for Power Transmission Market Size and Share Outlook by Country, 2023-2031
10.4.1. Middle East
10.4.2. Africa

11. SWITCHGEAR FOR POWER TRANSMISSION MARKET STRUCTURE
11.1. General Electric Company
11.2. Mitsubishi Heavy Industries, Ltd.
11.3. ABB Ltd

12. APPENDIX
12.1. About Us
12.2. Sources
12.3. Research Methodology
12.4. Research Process
12.5. Research Execution
12.6. Contact Information
 

     

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FAQ's



  • High initial costs of advanced switchgear




  • Supply chain disruptions 




  • Integration complexity in older infrastructure





  • Rising demand for reliable grid infrastructure




  • Urbanization and industrial expansion




  • Integration of renewable energy




  • Aging transmission networks needing upgrades




  • North America (USA, Canada, Mexico)

  • Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)

  • Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, Malaysia, Vietnam, Rest of APAC)

  • The Middle East and Africa (Saudi Arabia, South Africa, UAE, Iran, Egypt, Rest of MEA)

  • South and Central America (Brazil, Argentina, Chile, Rest of SCA)


  1. ABB Ltd.

  2. Mitsubishi Electric Corporation

  3. Siemens AG

  4. Eaton Corporation plc

  5. Toshiba Energy Systems & Solutions Corporation

  6. Hitachi, Ltd.

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Midstream infrastructure includes a robust oil pipeline network, notably the AB-4 pipeline connecting Bahrain to Saudi Arabia for crude supply to the Sitra refinery. In addition, Bahrain has invested in gas processing and compression facilities to support its domestic energy needs. On the downstream front, the Bapco Modernization Programme (BMP) is a cornerstone project that is expanding the capacity of the Sitra refinery from 267,000 barrels per day to around 380,000 barrels per day. This will allow Bahrain to produce cleaner fuels and boost its refining exports across Asia and Africa. The downstream sector also includes petrochemical activities and LNG import infrastructure, positioning Bahrain as a versatile player in the Gulf energy ecosystem while supporting its long-term energy security and economic diversification goals.Bahrain Oil and Gas Market Latest Developments In May 2025, Bapco Energies signed a strategic agreement with EOG Resources to commence deep gas exploration in the Pre-Unayzah formation, marking Bahrain’s first entry into unconventional gas drilling.In November 2024, Petrofac was awarded a multi-million-dollar, two-year contract by Bapco Upstream to connect new wells, install tie-ins, and develop gas flow infrastructure in the Bahrain Field to enhance natural gas production.Petrofac also secured a separate contract in late 2024 to design and construct a gas dehydration facility, aimed at improving the efficiency and quality of processed gas from mature reservoirs.At the MPGC 2025 conference, Bapco Energies announced the initiation of the largest-ever offshore 3D seismic survey in Bahrain, covering more than 4,000 square kilometers, with AI-driven subsurface imaging to guide future exploration.In May 2025, Bahrain and Russia entered advanced negotiations for a three-year LNG supply agreement, involving 1.5 million tonnes annually to meet domestic peak demand during summer months.Bahrain’s deal with EOG Resources signifies a strategic pivot toward unconventional resource development, reducing reliance on aging conventional reserves.Bapco’s upstream infrastructure enhancements signal a near-term goal to maximize recovery rates and increase domestic gas availability.The gas dehydration facility will enable more efficient use of produced gas and reduce bottlenecks in the midstream segment.The offshore 3D seismic initiative reflects a long-term vision to identify new reserves and de-risk exploration investment through advanced imaging.Expanding exploration capacity shows Bahrain's ambition to establish itself as a technically capable and resource-diverse player in the Gulf energy landscape.The LNG supply deal with Russia illustrates Bahrain’s intent to diversify its gas import portfolio and ensure summer supply reliability.Securing seasonal LNG imports also shows growing awareness of domestic consumption trends and infrastructure capacity planning.Collaborations with experienced global firms such as Petrofac and EOG reflect international confidence in Bahrain’s regulatory and operational environment.These investments align with Bahrain’s broader energy strategy to balance domestic energy needs with its refining and petrochemical export ambitions.Altogether, Bahrain is building a more resilient and forward-looking oil and gas sector by blending conventional output optimization with unconventional exploration, infrastructure modernization, and diversified import strategies.Bahrain Oil and Gas Market Report Scope The "Bahrain Oil and Gas Strategic Analysis and Outlook to 2032" is an all-encompassing report that delivers a full-spectrum evaluation of the nation’s oil and gas value chain—from exploration and production fields, refinery and LNG plant operations, to midstream pipelines and storage infrastructure in Bahrain. Leveraging robust methodologies and proprietary databases, the study provides detailed asset-level data, historic and forecasted supply-demand trends (2015–2032), and a clear understanding of how recent developments, government policies, and market dynamics shape the sector. The Bahrain Oil and Gas report equips industry stakeholders with actionable insights for investment, benchmarking, and strategic planning by profiling operational assets, new projects, and the competitive landscape across upstream, midstream, and downstream segments. Comprehensive market analytics are complemented by SWOT and investment opportunity analysis, highlighting growth drivers, operational risks, sector-specific challenges, and capital requirements. The study evaluates key companies’ strategies, performance, and market positions, providing an integrated view of where opportunities and bottlenecks exist. The scope extends to Bahrain field-wise production, refinery-wise capacity, LNG terminal operations (including liquefaction and regasification units), and product flows through pipelines and storage. The research not only answers core market questions but also uncovers the evolving dynamics that will influence the future trajectory of Bahrain country’s oil and gas industry. Bahrain Asset-by-asset data covers all existing and upcoming oil and gas fields, refineries, LNG terminals, pipelines, and storage facilities, providing a granular view of national infrastructure. Historic and projected supply-demand analysis for crude oil, natural gas, and key refined products (gasoline, diesel, LPG, fuel oil, etc.) from 2015 to 2032. Recent developments, regulatory changes, and major project announcements are analyzed for their impact on market fundamentals and investment climate. Segmented insights into upstream (exploration and production), midstream (pipelines, LNG, storage), and downstream (refining, distribution) operations. Comprehensive overview of LNG sector including liquefaction and regasification terminals, contracted versus available capacity, and future outlook. Bahrain Oil and Gas Industry SWOT analysis and sector-wise benchmarking to evaluate industry strengths, challenges, opportunities, and potential risks. Bahrain Investment analysis detailing sector growth potential, required capital for new projects, and feasibility of ongoing and planned developments. Competitive landscape profiling of leading companies, with business strategies, operational performance, and market shares. Infrastructure benchmarking by market concentration in pipelines, refining, LNG, and storage segments, including capacity and utilization rates. Answers to key market questions, including evolving Bahrain supply-demand dynamics, project status, leading market participants, and the future outlook for capacity, trade, and investment.

Published:Jul-2025
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