Europe Switch Gear Market Outlook, 2028

The European switchgear market stands at the forefront of technological innovation and sustainable energy solutions, playing a pivotal role in the region's ever-evolving energy landscape. Switchgear, the critical component of electrical systems, serves as the backbone of power distribution, ensuring the reliable and safe transmission of electricity across the continent. As Europe continues to make significant strides towards cleaner and more efficient energy sources, the switchgear industry is undergoing a transformation to meet the demands of a greener and more digitalized future. With a focus on renewable energy integration, grid modernization, and increasing emphasis on energy efficiency, the European switchgear market is not only adapting to change but also driving it. This dynamic market is characterised by a diverse range of players, each contributing to the development of cutting-edge technologies and solutions, ultimately shaping the energy landscape of tomorrow. One of the most notable trends in the European switchgear market is the increasing emphasis on renewable energy integration. European countries are committed to reducing their carbon footprint and transitioning to more sustainable energy sources. This transition has resulted in a significant uptick in renewable energy installations, such as wind and solar farms. To accommodate these fluctuating energy sources, smart switchgear solutions with advanced monitoring and control capabilities have become essential. These systems can efficiently manage the intermittent nature of renewable energy, ensuring a stable supply to the grid. Grid modernization is another driving force in the European switchgear market. As the electricity grid infrastructure ages and experiences growing demand, there is a pressing need for advanced switchgear systems that can improve grid reliability and performance. Smart grids, which rely heavily on modern switchgear technology, are being deployed to optimise energy distribution, reduce losses, and enhance overall grid resilience. This move towards intelligent grid systems fosters an environment where switchgear is not just a passive component but an active contributor to grid management. Additionally, digitalization and the Internet of Things (IoT) are making their mark on the industry. Switchgear systems are becoming more connected and data-driven, allowing for remote monitoring and predictive maintenance. This not only enhances reliability but also lowers operational costs, making it an attractive proposition for industries across Europe.

According to the research report, “Europe Switch Gear Market Outlook, 2028,” published by Bonafide Research, the Europe Switch Gear Market is anticipated to cross above USD 40 Billion in market size by 2028. Europe is actively transitioning towards cleaner and more sustainable energy sources, such as wind, solar, and hydropower. The integration of these renewable energy sources into the grid requires advanced switchgear solutions that can efficiently manage the intermittent and variable nature of these power sources. The ageing infrastructure of Europe's electrical grids necessitates modernization efforts to enhance reliability, efficiency, and resilience. Smart grid initiatives, which rely heavily on advanced switchgear technology, are being deployed to optimise energy distribution and reduce losses. Europe is increasingly adopting decentralised energy generation through technologies like distributed energy resources (DERs) and microgrids. Switchgear is required to integrate these localised energy sources into the grid while maintaining stability. The growth of electric vehicles in Europe necessitates the expansion of EV charging infrastructure. Switchgear plays a crucial role in EV charging stations, ensuring the safe and efficient distribution of electricity for electric vehicle charging. The integration of digital technologies and the Internet of Things (IoT) into the energy sector has led to the development of smart switchgear solutions. These systems offer advanced monitoring, predictive maintenance, and real-time data analytics, which enhance the reliability and performance of electrical networks.

In terms of the report, major countries covered in this report include Germany, the UK, France, Italy, Spain, and Russia. Among them in Europe, Germany has the highest market share. Germany is known for its robust industrial base, including automotive, manufacturing, and machinery industries. These industries have a high demand for electrical power and rely on advanced switchgear solutions for their operations. Germany has been a pioneer in renewable energy adoption, particularly in wind and solar power. As the country transitioned to cleaner energy sources, the demand for switchgear to integrate these renewables into the grid grew significantly. German companies have a strong reputation for engineering and technological expertise in the fields of electrical equipment and switchgear manufacturing. They produce high-quality and innovative products, which are in demand not only within the country but also across Europe. Germany has stringent quality standards and regulations for electrical equipment, ensuring that switchgear produced in the country meets the highest safety and performance standards. This reputation for quality contributes to the market share of German manufacturers. German switchgear manufacturers are typically export-oriented, which means they have a significant presence in international markets, including other European countries. Their products are widely recognised for their reliability and efficiency. Germany's government has implemented policies to support the growth of the electrical and renewable energy industries. Incentives, subsidies, and regulations that promote the use of efficient switchgear and renewable energy solutions have bolstered the market.

Based on the insulation types, there are gas-insulated switches, air-insulated switches, and others. Among them in Europe, gas-insulated switchgear leads the market with the highest market share. GIS equipment is known for its compact design, making it well-suited for installations in densely populated urban areas or locations with limited space. In Europe, where land space is often at a premium, GIS offers an advantage by requiring less physical space compared to air-insulated switchgear (AIS). Europe has stringent environmental regulations and aims to reduce greenhouse gas emissions. GIS technology uses sulphur hexafluoride (SF6) gas, which is a potent greenhouse gas. However, it is contained within the switchgear, preventing its release into the atmosphere. As a result, GIS helps minimise environmental impacts and aligns with European environmental goals. The sealed nature of GIS reduces exposure to external elements, resulting in reduced maintenance needs. This is particularly important in regions with challenging weather conditions, such as parts of Europe where extreme cold or wet conditions can impact electrical equipment. As Europe invests in grid modernization efforts to enhance grid reliability and accommodate renewable energy integration, GIS technology is often favoured for its advanced features, including the capability for remote monitoring and control.

According to the report, voltages are segmented on the basis of low voltage, medium voltage, and high voltage. Among them, in Europe, the medium voltage will grow with the highest CAGR rate. Europe is actively increasing its use of renewable energy sources such as wind and solar power. Medium-voltage switchgear is essential for integrating these intermittent energy sources into the electrical grid, managing the variable power output, and ensuring grid stability. As urban areas expand and industries grow, the demand for medium-voltage power distribution systems increases. Medium-voltage switchgear is used to efficiently distribute power in densely populated urban centres and industrial complexes. The deployment of distributed energy resources (DERs) and microgrids in Europe is increasing. Medium-voltage switchgear is essential for connecting these decentralised energy sources to the grid while maintaining grid stability. Europe places a strong emphasis on energy efficiency and sustainability. Medium-voltage switchgear is a key element in optimising energy distribution, reducing losses, and enhancing overall energy efficiency. The growth of electric vehicles (EVs) in Europe requires the expansion of medium-voltage infrastructure to support EV charging stations, ensuring a reliable and efficient supply of electricity. The integration of digital technologies and smart grid solutions in Europe requires advanced medium-voltage switchgear that can support these initiatives. Smart grids depend on precise monitoring and control, which medium-voltage switchgear enables.



In terms of the installation, it is segmented into the outdoor and indoor. In Europe, the indoor will grow with the highest growth rate. Many European urban areas and industrial facilities have limited space for electrical equipment installations. Indoor switchgear can be more compact and is well-suited for applications where outdoor space is at a premium. Europe has strict environmental regulations, and outdoor switchgear installations can raise concerns about visual impact, noise pollution, and potential environmental risks. Indoor switchgear reduces these concerns and aligns with environmental standards. Indoor switchgear is more secure and less susceptible to vandalism, theft, and unauthorized access. This makes it an attractive option for applications where safety and security are paramount. Indoor switchgear solutions are designed to minimise environmental impact by containing insulating gases and preventing their release into the atmosphere. This aligns with Europe's environmental goals and regulations. Europe hosts numerous data centres, which require highly reliable and secure electrical systems. Indoor switchgear is often preferred for data centre applications due to its safety, security, and space-saving advantages.

Based on the end user types, which include Transmission & Distribution Utilities, Industries, Commercial & Residential, and Other End Users, among them in Europe, the industries cover the second highest market share. Europe hosts a diverse and thriving industrial sector, including manufacturing, automotive, chemicals, and machinery industries. As these industries continue to expand and modernise, there is a growing demand for reliable electrical infrastructure, including switchgear. As urban areas expand, new industrial facilities are often established in proximity to cities. These facilities require robust and efficient electrical distribution systems to support their operations, driving the demand for switchgear. Europe is investing in grid modernization, and the industrial sector is a key beneficiary of these efforts. Advanced switchgear solutions are essential for improving grid reliability and providing industrial facilities with a stable and high-quality power supply. Many industrial facilities are embracing digitalization and automation to enhance productivity and control. Modern switchgear systems can integrate with these technologies, allowing for advanced monitoring, predictive maintenance, and remote control.

Companies Covered in this report:
Siemens AG, ABB, Schneider Electric SE, Eaton Corporation plc, Mitsubishi Electric Corporation, Toshiba Corporation, General Electric Company, Hitachi, Ltd., Hyundai Electric, Hyosung Corporation, CG Power and Industrial Solutions Limited, Hubbell Incorporated.

Considered in this report:
• Geography: Europe
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• Europe Switch Gear market Outlook with its value and forecast along with its segments
• Country-wise Dyes and Pigments market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Country covered in the report:
• Germany
• UK
• France
• Italy
• Spain
• Russia

By Insulation Type:
• Gas-insulated Switchgears
• Air-insulated Switchgears
• Others

By Voltage Level:
• Low Voltage
• Medium Voltage
• High Voltage

By Installation Type:
• Outdoor Type
• Indoor Type

By End User:
• Transmission & Distribution Utilities
• Industries
• Commercial & Residential
• Other End Users

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organisations related to the Switch Gear industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.