Global Air Insulated Switchgear Market Size & Outlook

The air insulated switchgear industry worldwide is expected to reach a projected revenue of US$ 89,235.1 million by 2030. A compound annual growth rate of 4.5% is expected of the worldwide air insulated switchgear industry from 2024 to 2030.
Revenue, 2023 (US$M)
$65,447.6
Forecast, 2030 (US$M)
$89,235.1
CAGR, 2024 - 2030
4.5%
Report Coverage
Worldwide

Global air insulated switchgear market, 2018-2030 (US$M)

Global air insulated switchgear market highlights

  • The global air insulated switchgear market generated a revenue of USD 65,447.6 million in 2023 and is expected to reach USD 89,235.1 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 4.5% by 2030.
  • In terms of segment, indoor accounted for a revenue of USD 65,447.6 million in 2023.
  • Indoor is the most lucrative installation segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.

Global data book summary

Market revenue in 2023USD 65,447.6 million
Market revenue in 2030USD 89,235.1 million
Growth rate4.5% (CAGR from 2023 to 2030)
Largest segmentIndoor
Fastest growing segmentIndoor
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationIndoor

Other key industry trends

  • In terms of revenue, the North America accounted for 39.0% of the global air insulated switchgear market in 2023.

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Air Insulated Switchgear Market Scope

Air insulated switchgear market segmentation & scope
Voltage
Low
Medium
High
Application
Transmission & Utilities
Commercial
Industrial
Residential
Countries
U.S.
Canada
Mexico
UK
Sweden
Spain
Norway
Italy
Germany
France
Denmark
Brazil
Argentina
Australia
China
India
Japan
South Korea
Thailand
UAE
South Africa
Saudi Arabia
Kuwait

Air Insulated Switchgear Market Companies

Name Profile # Employees HQ Website

Global air insulated switchgear market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to air insulated switchgear market will help companies and investors design strategic landscapes.


Indoor was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global air insulated switchgear market based on indoor covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Air Insulated Switchgear Installation Outlook (Revenue, USD Million, 2018-2030)
    • Indoor
    • Outdoor
  • Global Air Insulated Switchgear Voltage Outlook (Revenue, USD Million, 2018-2030)
    • Low
    • Medium
    • High
  • Global Air Insulated Switchgear Application Outlook (Revenue, USD Million, 2018-2030)
    • Transmission & Utilities
    • Commercial
    • Industrial
    • Residential

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Horizon Databook provides a detailed overview of global-level data and insights on the Global air insulated switchgear market , including forecasts for subscribers. This global databook contains high-level insights into Global air insulated switchgear market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global air insulated switchgear market size, by regions, 2018-2030 (US$M)

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