Global Air Insulated Switchgear Market Size & Outlook

The global air insulated switchgear market size was estimated at USD 68,261.9 million in 2024 and is projected to reach USD 89,235.1 million by 2030, growing at a CAGR of 4.6% from 2025 to 2030.
Revenue, 2024 (US$M)
$68,261.9
Forecast, 2030 (US$M)
$89,235.1
CAGR, 2025 - 2030
4.6%
Report Coverage
Worldwide

Global air insulated switchgear market highlights

  • The global air insulated switchgear market generated a revenue of USD 68,261.9 million in 2024 and is expected to reach USD 89,235.1 million by 2030.
  • The market is expected to grow at a CAGR (2025 - 2030) of 4.6% by 2030.
  • In terms of segment, medium voltage accounted for a revenue of USD 31,515.5 million in 2024.
  • Low Voltage is the most lucrative voltage segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2024.
  • Country-wise, France is expected to register the highest CAGR from 2025 to 2030.

Global data book summary

Market revenue in 2024USD 68,261.9 million
Market revenue in 2030USD 89,235.1 million
Growth rate4.6% (CAGR from 2025 to 2030)
Largest segmentMedium voltage
Fastest growing segmentLow Voltage
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationLow Voltage, Medium Voltage, High Voltage

Other key industry trends

  • In terms of revenue, the North America accounted for 39.0% of the global air insulated switchgear market in 2024.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, France is the fastest growing regional market and is projected to reach USD 3,828.3 million by 2030.

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Air Insulated Switchgear Market Companies

Name Profile # Employees HQ Website
Hitachi Energy View profile 10001+ Zürich, Zurich, Switzerland, Europe https://www.hitachienergy.com/
Larsen & Toubro Ltd DR View profile 330955 Norottarn Morarjee Marg , L&T House, Ballard Estate, P. O. Box: 278, Mumbai, MH, India, 400 001 https://www.larsentoubro.com
Hubbell Inc View profile 18400 40 Waterview Drive, Shelton, CT, United States, 06484 https://www.hubbell.com
Eaton Corp PLC View profile 94000 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 https://www.eaton.com
Toshiba Corporation View profile 10001+ Tokyo, Tokyo, Japan, Asia http://www.toshiba.com/tai/
Portland General Electric Co View profile 2842 121 South West Salmon Street, Portland, OR, United States, 97204 https://www.portlandgeneral.com
ABB Ltd View profile 108700 Affolternstrasse 44, Zurich, Switzerland, 8050 https://www.abb.com
Siemens Healthineers AG ADR View profile 71400 Siemensstr. 3, Forchheim, BY, Germany, 91301 https://www.siemens-healthineers.com
Schneider Electric SE View profile 162339 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 https://www.se.com
Mitsubishi Electric Corp View profile 149134 Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 https://www.mitsubishielectric.com

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.


Medium voltage was the largest segment with a revenue share of 46.17% in 2024. Horizon Databook has segmented the Global air insulated switchgear market based on low voltage, medium voltage, high voltage covering the revenue growth of each sub-segment from 2018 to 2030.


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

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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)

Top 10 countries: Air insulated switchgear market size, 2024 (US$M)

Global air insulated switchgear market share, by installation, 2024 & 2030 (%, US$M)

Air insulated switchgear market: Opportunity assessment by country

Global air insulated switchgear market, by region, 2024 (US$M)

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

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