Global Medium Voltage Switchgears Industry Growth and Trends Forecast to 2032

Medium-voltage switchgear refers to factory-assembled, metal-enclosed electrical power distribution equipment—typically covering nominal system voltages from about 1 kV up to 36 kV (often referenced as 3.3 kV, 6.6 kV, 10–15 kV, 24 kV, 33–35 kV classes)—used to switch, isolate, protect, control, and meter MV circuits in a safe, maintainable, and standardized architecture. An MV switchgear lineup is normally built from functional compartments (busbar, circuit-breaker or switch compartment, cable terminations, and low-voltage control compartment) and integrates primary devices (vacuum circuit breaker or load-break switch, disconnect/earthing switch, current and voltage transformers, busbars, cable terminations) with secondary systems (protection relays, control logic, interlocking, indications, metering, and communications). The design objective is controlled energy interruption and fault containment, including arc-fault mitigation through compartmentalization, pressure relief, and interlocks, with performance verified against international standards (commonly IEC 62271 series or ANSI IEEE C37 family) for dielectric withstand, temperature rise, short-time withstand, mechanical endurance, and internal arc classification where required. From a manufacturing standpoint, MV switchgear is a precision electro-mechanical product: sheet-metal fabrication and coating, copper or aluminum busbar forming and plating, dielectric parts molding and curing (epoxy or composite insulators), assembly with controlled clearances and torque, routine tests (HV withstand, partial discharge where applicable, contact resistance, functional interlocks), and final QA documentation; its value chain spans interrupter and insulation technologies, copper and insulation materials, protection and automation electronics, enclosure fabrication, and system integration for substation and building power distribution.

The global Medium Voltage Switchgears market was valued at US$ million in 2026 and is projected to reach US$ million by 2032, implying a CAGR of xx% over 2026-2032.

The North America market for Medium Voltage Switchgears is projected to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026-2032.

The Europe market for Medium Voltage Switchgears is projected to increase from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026-2032.

The Asia Pacific market for Medium Voltage Switchgears is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.

Leading global manufacturers of Medium Voltage Switchgears include ABB, Siemens, Eaton, Schneider Electric, Myers Power Products, Toshiba, Horng Yu Electric, Chint Group and Mitsubishi Electric, among others. In 2025, the top three vendors together accounted for approximately % of global revenue.

This report provides a structured, data-driven view of the global Medium Voltage Switchgears market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.

The Medium Voltage Switchgears market size, estimates, and forecasts are presented in terms of sales volume (k units) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Medium Voltage Switchgears market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Medium Voltage Switchgears.

This section analyzes the strategies and performance of leading manufacturers in the global Medium Voltage Switchgears market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.

Medium Voltage Switchgears Market by Company

ABB

Siemens

Eaton

Schneider Electric

Myers Power Products

Toshiba

Horng Yu Electric

Chint Group

Mitsubishi Electric

Lucy Electric

Fuji Electric

Bharat Heavy Electricals

Crompton Greaves Ltd.

Boer (wuxi) Power

HD Hyundai Electric

Efacec Engineering

Nissin Electric

DUAL-Électrotech

Powell Industries

Henan Senyuan Electric

Hyosung Power & Industrial Systems

Huatech

Changshu Switch

Pinggao Electric

XJ Electric

XD-XK Electric

ZPUE SA

SGC-SwitchGear Company nv

ACTOM MV Switchgear

Aktif Elektroteknik

Groupe Cahors

Chuanli

Rockwill

NATUS GmbH

JST Power Equipment

IMESA Spa

KONČAR dd

Europower Enerji AS

Doho Electric

Ensto

Orecco Electric

Air-Insulated Switchgear (AIS)

Gas-Insulated Switchgear (GIS)

Solid-Insulated Switchgear (SIS)

Hybrid-Insulated Switchgear

Medium Voltage Switchgears Segment by End Customers

Utilities and DSO

Industrial

Commercial

Data centers

Renewables

North America

United States

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Spain

Netherlands

Switzerland

Sweden

Poland

Asia-Pacific

China

Japan

South Korea

India

Australia

Taiwan

Southeast Asia

South America

Brazil

Argentina

Chile

Colombia

Middle East & Africa

Egypt

South Africa

Israel

Türkiye

GCC Countries

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Medium Voltage Switchgears market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of Medium Voltage Switchgears and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market.

5. This report helps stakeholders to gain insights into which regions to target globally.

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Medium Voltage Switchgears.

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.

Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 3: Detailed analysis of Medium Voltage Switchgears manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter 4: Sales, revenue of Medium Voltage Switchgears in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.

Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.

Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.

Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.

Chapter 13: Concluding Insights of the report.