North America Switchgear Market, By Insulation (Air Insulated, Gas Insulated, and Others), By Installation (Indoor and Outdoor), By Voltage, (low (up to 1 kV), medium (between 1.1 kV and 40 kV), and high (above 40 kV)), By Current (Alternating current (AC) and Direct Current (DC)), By End User (Commercial, Residential, and Industrial), By Region, By Competition Forecast & Opportunities, 2018-2028F

Electrical switchgear or switchgear refers to a centralized collection of circuit breakers, fuses, and switches (circuit protection devices) that act to safeguard, regulate, and isolate electrical equipment. Electrical switchgear or switchgear refers to a centralized collection of circuit breakers, fuses, and switches (circuit protection devices) that act to safeguard, regulate, and isolate electrical equipment. These circuit protection devices are mounted in metal constructions and distribute power to various sections of a facility and the electrical loads within those sections. A collection of one or more of these structures is called a switchgear line-up or assembly. Switches are connected directly to the supply system by placing in the low & high voltage planes of the power transformer.. These devices are critical in the power system to protect the equipment from the heavy current.. The main goal of switchgear is protection, which entails stopping short-circuit and overload fault currents while maintaining service to unaffected circuits and improving system availability by offering several sources of power to a load. Switches are put in a variety of structures, including residential, commercial, and industrial ones, and they may work in both normal and exceptional circumstances to ensure proper electrical energy utilization.

Investment in Renewable Energy

The North America Switchgear market is anticipated to improve due to increasing investments in developing renewable energy sources and favorable government laws and subsidies to support new technology across the region. In North America, countries including the United States, Canada and Mexico are rising their investment in the renewable energy industry and focusing on clean energy & declining carbon emission by the end of 2050, as per the Paris Agreement. For instance,

• On 14^th September 2021, the United States government, passed a bill worth USD 550 billion big investment in clean energy, aimed to enhance the clean energy landscape in the country. From the total investment, USD 73 billion was allotted for clean energy generation and USD 7.5 billion for electric vehicles, among others.
• On 25^th April 2022, in Canada, the Ministry  of Northern Affairs and Ministry of Indigenous Services decided to invest USD 300 million in clean energy projects in indigenous, rural, and remote communities across the country. Investments made under this project, which was revealed as a component of the Strengthened Climate Plan, help communities in establishing clean heat and power projects including wind, solar, geothermal, hydro, and biomass, as well as in boosting the adoption of energy efficiency measures.
• On 15^th November 2022, according to the country's foreign ministry, "Mexico" has committed to install an additional 30 gigawatts of renewable energy capacity by 2030 and has plans to invest around USD48 billion in the industry. The additional solar, geothermal, wind and hydroelectric power would increase solar and wind capacities to 40 GW, more than doubling Mexico's current renewable capacity of roughly 30 GW at the end of 2021. The new objectives also see Mexico as a significant center for automobile production, selling 50% zero-emission vehicles by 2030.

Therefore, the use of switching equipment would increase as efforts to minimize global carbon emissions and consumer knowledge of the advantages of renewable energy production grow. The construction of new T&D lines by bulk power generation facilities using onshore and offshore solar, wind, and hydro sources, is anticipated to drive both the adoption of switchgear components and the demand for switchgear.

Rising Demand For Electricity In The Industries Enhances The Market Of Switchgear Across The North America Region

The North America Switchgear market is expected to experience growth during the forecast period, due to increasing energy demand and urbanization. An increase in industrialization, especially in North American countries, has resulted in greater demand for switchgear in the industrial sector. The development of power distribution infrastructure, greater need for energy efficiency, and growth in the industrial sector, tend to boost the market growth. The rising adoption of renewable energy sources has also resulted in greater demand for the product.

Countries across the region are moving towards the adoption of power-efficient energy systems. Implementation of strict regulations associated with energy use and the adoption of enhanced and resilient energy systems further supports the growth of the market. For instance,

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Therefore, superior efficiency and safety offered by switchgear and an increase in the adoption of automation solutions for improved performance have increased the demand for the product. Additionally, supportive government regulations, the adoption of distributed power systems, and a greater need to reduce the carbon footprint have accelerated market growth in the upcoming years.

Recent Developments

• October 2022Mitsubishi Electric Power Product Company, Inc. (MEPPI) announced the first shipments of its 72 kV vacuum circuit breaker (VCB) with dry-air insulation. These were designed, assembled, and tested in the USA. The 72 kV vacuum circuit breaker manufactured by the company complies with all relevant IEEE, IEC, and ANSI certification requirements. The 72 kV vacuum circuit breaker employs the company's 65-year history of vacuum interrupter technology. It offers clients a competitively priced, ecologically friendly, and climate-neutral substitute for SF6 gas and other gas-insulating media.
• May 2022The federal government launched USD 2.5 billion in funds to modernize and expand the country’s power grid capacity under the Transmission Facilitation Program (TFP) created by the Bipartisan Infrastructure Law. As part of this, the U.S. Department of Energy (DOE) issued a request for information (RFI) to seek public input on the structure of the new revolving fund program.

• In May 2022, Schneider Electric, which is one of the leaders in energy management and automation digital transformation across the globe, revealed its new solution named SureSeT Medium Voltage switchgear solution for the North American market.  The client's increased need for operational efficiency and space optimization is satisfied by SureSeT.

Market Segmentation

The North America Switchgear market is divided into

Market Players

Major market players in the North America Switchgear Market are