The air insulated switchgear market size was recorded at $71 B in 2025 and is projected to increase to $103 B by 2033, growing at a CAGR of 4.79 % over the forecast peropd from 2026–2033, according to the SNS Insider.
The increasing integration of wind, solar and other renewable energy sources into existing power networks is a key driver behind the rising demand for air-insulated switchgear (AIS). As utilities and industrial consumers shift toward cleaner energy to meet sustainability targets, they require switchgear systems that are reliable, efficient and flexible enough to manage variable loads and maintain grid stability.
North America is expected to lead the AIS market in 2025 with a 40 % share, supported by a mature grid, strong regulatory incentives and high levels of industrial electrification. The United States drives much of this growth through the widespread use of medium- and high-voltage AIS, as well as smart meters and automated demand response systems.
Asia Pacific is projected to hold 23 % of the market in 2025 and remains the fastest-growing region. Rapid industrialisation, increasing energy consumption and extensive government programmes for grid modernisation are key factors. Major contributors include China, India, Japan and Australia, all advancing the use of AMI meters, IoT-based monitoring and renewable energy integration.
The key market players include ABB Ltd, Siemens AG, Schneider Electric SE, Eaton Corporation PLC, General Electric (GE), Mitsubishi Electric Corporation, Hitachi ABB Power Grids, Toshiba Corporation, Hyundai Electric & Energy Systems Co., Ltd., and Crompton Greaves Limited, among others.
Source: Globe Newswire
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