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Europe South America Medium And Low Voltage Switchgear Market

ID: MRFR/EnP/66465-CR
100 Pages
Chitranshi Jaiswal
January 2026

Europe and South America Medium & Low Voltage Switchgear Market Research Report By Protection (Circuit Breaker, Fuse, Others), By Product(Fixed Mounting, Plug In, Withdrawal Unit), By Rated Current (<1000 Ampere,1000 To 5000 Ampere , >5000 Ampere), By Voltage (Up to 250 V, >250 V to 750 V, >750 V to 1 kV, >1 kV to 9 kV, >9 kV to 15 kV, >15 kV to 27 kV, >27 kV to 33 kV, >33 kV), By Installation (Indoor, Outdoor), By Current (AC, DC), By End-User (Utility , Commercial, Industrial, Residential) - Forecast to 2035

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Europe South America Medium And Low Voltage Switchgear Market Summary

As per Market Research Future analysis, the Europe and South America Medium & Low Voltage Switchgear Market Size was estimated at 25,218.1 USD Million in 2024. The Europe and South America Medium & Low Voltage Switchgear Market is projected to grow from 26,268.4 USD Million in 2025 to 39,910.7 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 4.272 % during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Europe and South America Medium & Low Voltage Switchgear Market is witnessing robust growth, driven by rising electricity demand, grid modernization, renewable energy integration, and increasing emphasis on safety, reliability, and digitalization across utility, industrial, commercial, and residential sectors.

  • Expansion of renewable energy and distributed generation such as solar PV, wind farms, and energy storage systems is increasing demand for medium and low voltage switchgear to manage intermittent power flows, ensure grid stability, and support seamless connection of decentralized energy sources. Switchgear plays a critical role in protection, control, and isolation within modern power networks.
  • Accelerated adoption of smart and digital switchgear incorporating IoT sensors, intelligent relays, and remote monitoring capabilities is transforming power distribution infrastructure. Utilities and industries are deploying digitally enabled switchgear to improve fault detection, enable predictive maintenance, reduce downtime, and enhance overall operational efficiency.
  • Infrastructure modernization and grid expansion projects across Europe and South America are driving replacement of aging electrical equipment with advanced medium and low voltage switchgear. Investments in smart grids, urban electrification, railways, data centers, and industrial automation are key contributors to sustained market growth.
  • Growth in industrial and commercial construction activities, including manufacturing plants, oil & gas facilities, mining operations, commercial buildings, and healthcare infrastructure, is further fueling demand for reliable low and medium voltage switchgear systems to ensure uninterrupted power distribution and system protection.

Market Size & Forecast

2024 Market Size 25,218.1 (USD Million)
2035 Market Size 39,910.7 (USD Million)
CAGR (2025 - 2035) 4.272 %

Major Players

Siemens, ABB, Schneider Electric, Eaton Corporation, Mitsubishi Electric Corporation, GE Vernova, Hyosung Corporation, Powell Industries, HD Hyundai Electric, SGC-SwitchGear Company

Europe South America Medium And Low Voltage Switchgear Market Trends

The expanding smart grid initiatives and increasing digitalization of electrical networks present a significant opportunity for the low and medium voltage (LV and MV) switchgear markets in both Europe and South America. As utilities and governments prioritize modernizing their power infrastructure to improve efficiency, reliability, and integration of renewable energy sources, the demand for advanced switchgear solutions equipped with digital capabilities is rapidly growing. In Europe, the transition towards a more sustainable and interconnected energy system under policies like the European Green Deal and Fit-for-55 package is accelerating the deployment of smart grids. These grids require switchgear that can support real-time monitoring, remote control, fault detection, and automated switching operations. Digitalized LV and MV switchgear help utilities manage complex power flows, accommodate distributed generation from renewables, and maintain grid stability by quickly isolating faults and rerouting power. This shift to intelligent infrastructure opens up avenues for manufacturers to develop innovative products featuring IoT integration, advanced sensors, and communication protocols compatible with modern grid management systems. Moreover, the push for energy efficiency and regulatory compliance in Europe encourages the adoption of switchgear with enhanced diagnostic and predictive maintenance functions, reducing downtime and operational costs.

Similarly, in South America, the expansion of smart grid projects is driven by the need to improve energy access, reduce losses, and integrate increasing shares of wind, solar, and hydroelectric power. Countries like Brazil, Chile, and Argentina are investing in grid digitalization to enhance the reliability of supply and manage the variability of renewable generation. LV and MV switchgear embedded with digital technologies facilitate this transition by enabling real-time data exchange, improving load management, and supporting automated fault detection and response. This not only enhances system resilience but also allows utilities to optimize asset utilization and reduce maintenance expenses. Given the region’s diverse geography and varying infrastructure maturity, flexible and modular digital switchgear solutions tailored to local conditions represent a major growth opportunity.

Europe South America Medium And Low Voltage Switchgear Market Drivers

Rapid Industrialization and Infrastructure Development in Emerging Economies

Rapid industrialization and infrastructure development in emerging economies are key drivers of growth in the low and medium voltage (LV and MV) switchgear market in both Europe and South America. As these regions expand their manufacturing bases, upgrade transportation systems, and invest in new energy, water, and communication networks, the demand for reliable and scalable power distribution systems has increased significantly. Switchgear plays a foundational role in these developments, as it ensures safe, efficient, and uninterrupted electricity supply critical for industrial operations, construction projects, and urban development. In Europe, emerging economies in Eastern and Central Europe such as Poland, Romania, and the Baltic states—are experiencing substantial growth due to increased foreign investment, EU infrastructure funding, and reshoring of manufacturing.
These developments require modern electrical infrastructure capable of supporting growing power demands in sectors like automotive, electronics, and construction. Medium voltage switchgear is particularly essential in industrial zones and large-scale infrastructure projects, where it ensures stability in high-load environments, protects equipment, and minimizes energy losses. Similarly, low voltage switchgear is vital for localized distribution in buildings, utilities, and commercial facilities. The European Union’s commitment to modernizing outdated grids and promoting smart infrastructure also drives adoption of advanced switchgear technologies with features such as real-time monitoring, automation, and predictive maintenance.

Growing Renewable Energy Projects and Their Need for Efficient Distribution Systems

The Renewable energy sources (RES) offer numerous societal advantages over fossil fuels, including helping to combat climate change, cutting down air pollution, and enhancing energy security. In recognition of these benefits, the European Union has raised its renewable energy targets under the revised Renewable Energy Directive. The new goal increases the minimum required share of renewables in the EU’s total energy consumption from 32% to at least 42.5%, with aspirations to reach 45%. Rather than assigning country-specific quotas, this collective target relies on all EU Member States contributing proportionally. As of 2023, the share of renewables in the EU’s energy mix reached 24.5%, marking a one percentage point increase from 2022 and setting a new record. This progress reflects the impact of strengthened EU climate policies, such as the "Fit-for-55" legislative package and the RepowerEU strategy, both of which gained urgency and political momentum in response to the energy crisis triggered by Russia’s invasion of Ukraine.
 
These frameworks are designed to accelerate the clean energy transition across Europe and reduce reliance on imported fossil fuels. The growing adoption of renewable energy projects in both Europe and South America is significantly driving the demand for medium and low voltage switchgear systems. As countries in these regions invest in wind, solar, and hydroelectric power, they are not only increasing their energy generation capacity but also facing the challenge of efficiently integrating and distributing this energy across diverse grids. Renewable energy sources, by nature, are often decentralized and can fluctuate in production due to weather conditions, making reliable and adaptable electrical distribution systems essential. Medium and low voltage switchgear plays a crucial role in this process by ensuring the safe and efficient distribution of electricity from renewable sources to consumers. These systems help manage the integration of variable energy outputs into the grid, ensuring stability and reducing the risk of overloads or failures.

Increasing Demand for Energy-Efficient Solutions in Residential and Commercial Sectors

Low voltage switchgear is a crucial component of any home's electrical infrastructure, serving as the first line of defense in managing electrical loads and protecting circuits from power surges and short circuits. Its primary function is to safeguard appliances and wiring from damage caused by excessive current, thereby preventing potential hazards such as electrical fires. In residential settings, where single-phase electricity is typically sufficient, low voltage switchgear ensures safe and controlled power distribution, effectively acting as the gatekeeper of the home’s electrical system. As power demands increase in larger environments such as commercial buildings and community complexes, the role of medium voltage switchgear becomes essential. These systems are designed to handle higher current levels while maintaining safety and performance under diverse environmental and operational conditions, including alternating current (AC) systems. Unlike residential setups, commercial and industrial spaces often require three-phase electricity to power heavy-duty equipment like elevators, HVAC systems, and large lighting arrays.
 
In such applications, medium voltage switchgear not only facilitates efficient power distribution but also ensures uninterrupted power supply, which is critical in facilities like hospitals where reliability is paramount. Moreover, medium voltage switchgear often incorporates more advanced insulation technologies. While vacuum-insulated switchgear is widely used, sulfur hexafluoride (SF6) insulated switchgear is preferred in commercial and high-voltage environments due to its superior voltage handling capabilities. However, SF6 is not typically used in residential systems, as the voltage requirements are significantly lower. Regardless of the setting, selecting the appropriate type of switchgear—whether for a household running basic appliances or a commercial complex with complex energy demands—is vital to ensure safety, reliability, and long-term performance of the electrical system.

Market Segment Insights

By Product: Fixed Mounting (Largest) vs. Plug In (Fastest-Growing)

Fixed Mounting drove the Europe and South America Medium & Low Voltage Switchgear Market by holding a substantial market share during the assessment period. Fixed-mount switchgear refers to a conventional type of low-voltage (LV) switchgear in which internal components such as circuit breakers, contactors, and other devices are permanently secured typically bolted or fastened directly onto the switchgear panel. This rigid configuration means that any maintenance, inspection, or component replacement generally requires a complete shutdown of the unit, as technicians must disconnect cables and physically unbolt or remove parts to gain access. Although fixed-mount switchgear is often more space-efficient and less expensive upfront than other types, such as withdrawable units, it has notable drawbacks. The lack of modularity makes servicing more time-consuming, increases downtime during maintenance, and can complicate future system upgrades or expansions. Therefore, while suitable for applications with minimal service demands, fixed-mount switchgear may not be ideal in environments where operational continuity and fast maintenance turnaround are critical. In other hand the plug-in is emerging segment.
 

Plug-in switchgear is a type of low- or medium-voltage switchgear that uses plug-in connectors to allow components such as circuit breakers or contactors to be easily inserted or removed from the panel, often without the need for tools. This design offers a semi-permanent solution that enables quicker equipment changes compared to fixed-mount systems, while still maintaining a relatively simple and efficient maintenance process. Although plug-in switchgear doesn’t provide the same level of flexibility as fully withdrawable systems, it offers a good balance between functionality and ease of use. It allows for faster installation and component replacement, causes minimal disruption to the overall system during maintenance, and typically falls into a moderate range in terms of cost and engineering complexity. This makes it a practical choice for applications that require a balance of convenience, reliability, and budget-conscious planning.

By Rated Current: < 1000 Ampere (Largest) vs. 1000 to 5000 Ampere (Fastest-Growing)

The <1,000 Ampere segment drove the Europe and South America Medium & Low Voltage Switchgear Market by holding a substantial market share during the assessment period. It is projected to register a highest growth rate during the projected timeframe. Switchgear with a current rating of 1,000 amperes or less is primarily suited for low-load environments where the electrical demand is relatively modest and stable. This type of switchgear is commonly found in residential buildings, small commercial facilities, educational institutions, light manufacturing units, and rural electrification projects, where power requirements do not fluctuate significantly. These systems are specifically designed to handle low to moderate current levels efficiently and safely. While they offer limited scalability for larger or more complex power distribution networks, they are valued for being compact, affordable, and straightforward to install. Their simplicity and cost-effectiveness make them an ideal choice for projects with constrained budgets or where space and load demands are minimal. In other hand the 1000 to 5000 ampere is emerging segment. 

Switchgear rated between 1,000 and 5,000 amperes is designed to support medium-load applications, making it well-suited for environments such as large commercial buildings, industrial manufacturing plants, data centers, and urban electrical substations. This category of switchgear provides an effective balance between robust performance and cost efficiency, catering to systems that require higher power capacity without excessive expense. These units typically include more advanced protection mechanisms, along with enhanced monitoring and control capabilities, allowing for better system management and safety. Additionally, switchgear in this range is often compatible with smart grid technologies and automation systems, enabling seamless integration with modern digital infrastructure and supporting improved energy management and operational reliability.

By Voltage: Up to 250 V (Largest) vs. >250 V to 750 V (Fastest-Growing)

The Upto 250 V segment drove the Europe and South America Medium & Low Voltage Switchgear Market by holding a substantial market share during the assessment period. It is projected to register a highest growth rate during the projected timeframe. This voltage range primarily covers residential and small-scale commercial applications. Switchgear in this category is used in household electrical panels, lighting control systems, and small office environments. Due to the widespread nature of residential electrification projects and urban housing development, this segment represents a high-volume, cost-sensitive market. Switchgear used here is typically compact, simple in design, and focused on basic overload and short-circuit protection, often using miniature circuit breakers (MCBs) and fuses. In other hand the >250 V to 750 V is emerging segment. Switchgear in this voltage range is typically used in larger commercial buildings, small industrial facilities, and institutional infrastructures such as schools and hospitals. These systems manage more complex loads, including HVAC, lifts, and industrial-grade machinery. Safety and continuity of service become more critical in this segment, leading to the use of molded case circuit breakers (MCCBs), residual current devices (RCDs), and enhanced metering and monitoring systems.

By Installation: Indoor (Largest) vs. Outdoor (Fastest-Growing)

The Indoor segment drove the Europe and South America Medium & Low Voltage Switchgear Market by holding a substantial market share during the assessment period. Indoor switchgear is designed for installation within enclosed or indoor environments, such as buildings, control rooms, or electrical rooms. It typically has a compact and space-efficient structure, making it ideal for locations with limited installation area. The enclosures used for indoor switchgear are often made of metallic or non-metallic materials and are not required to withstand harsh weather conditions, as they are housed in controlled environments. This type of switchgear is generally easier to maintain due to its accessibility and protected setting. For cooling, external systems like fans or air conditioning units are used to regulate temperature and maintain safe operating conditions. Indoor switchgear is commonly used for low-voltage (LV) and medium-voltage (MV) applications and is suitable for residential, commercial, and small substation installations, handling voltages up to 66kV. 
The installation cost is relatively low, but post-installation modifications can be difficult or restricted.

Since components are enclosed, they are not easily visible, which may make inspection more challenging. However, indoor switchgear is considered much safer for human interaction due to its controlled and protected setup. In other hand the outdoor is emerging segment. Outdoor switchgear, is specifically designed for use in open-air or exposed environments, such as outdoor substations, power plants, or industrial facilities. These systems are generally larger and bulkier compared to indoor units to accommodate weather-resistant construction and robust materials that can withstand rain, dust, temperature fluctuations, and other environmental conditions. Installation requires significantly more space, and the system must include external weather protection to ensure safety and reliability. 

Outdoor switchgear typically relies on natural ventilation for cooling, eliminating the need for additional cooling systems. It is built to handle high-voltage (HV) and extra-high voltage (EHV) applications, operating above 66kV, and is commonly used in high-voltage transmission lines, large industrial plants, and utility substations. Though the installation cost is higher, modifications after installation are generally easier to carry out. Unlike indoor systems, the components of outdoor switchgear are more visible, making visual inspection and troubleshooting more convenient. However, because of its exposure and accessibility, it is considered less safe for human interaction compared to its indoor counterpart.

By Current: AC (Largest) vs. DC (Fastest-Growing)

AC segment drove the Europe and South America Medium & Low Voltage Switchgear Market by holding a substantial market share during the assessment period. Alternating current (AC) is a type of electricity in which the direction of current flow periodically reverses, typically in a sinusoidal pattern. This means that the voltage alternates between positive and negative values, usually at a standard frequency (e.g., 50 or 60 Hz depending on the region). AC is the form of electricity generated by power plants, distributed through transmission grids, and delivered to homes, commercial buildings, and industrial facilities. The major advantage of AC lies in its ability to be easily transformed to higher or lower voltages using transformers. AC systems also have benefits when it comes to safety and circuit interruption. Because AC voltage periodically passes through zero, it allows electrical arcs (which can occur during switching) to extinguish naturally, making AC easier to interrupt than DC. 

However, there are drawbacks. AC circuits are significantly influenced by reactive components like inductors and capacitors, which cause phase shifts between voltage and current, leading to reactive power—energy that flows back and forth in the circuit without doing useful work. The peak voltage in an AC waveform is also higher than its effective (RMS) value, meaning that insulation and components must be rated for higher voltages than those actually used for power calculations. Despite these issues, AC remains the global standard for electrical power distribution, particularly in the form of three-phase systems used in industrial and transmission networks. In homes and offices, single-phase AC is the norm, powering everything from lighting and appliances to HVAC systems. In other hand the DC is emerging segment. 

Direct current (DC) is a type of electric current where the flow of electricity is constant and unidirectional, meaning it always travels in a single direction—much like the steady flow of a river. DC is most commonly generated by batteries, solar panels, and fuel cells, and is the standard power type used in portable electronic devices, such as smartphones, laptops, and cameras. In a DC circuit, voltage remains stable over time, allowing for predictable and steady power delivery. One of the key advantages of DC is its suitability for energy storage; devices like rechargeable batteries and capacitors store and release DC efficiently. Additionally, DC circuits experience no reactive power in steady-state conditions, making them highly efficient for direct power delivery, especially in purely resistive loads. Moreover, no phase shift occurs between voltage and current once transient effects settle, as DC does not alternate in polarity or frequency. However, DC also has several disadvantages. Interrupting a DC circuit can be difficult, particularly at higher voltages, because the continuous voltage can maintain an electrical arc when a switch or breaker attempts to open the circuit—posing safety risks and potentially damaging the equipment. Furthermore, changing voltage levels in DC systems is complex and often requires converting the current to AC, adjusting the voltage via transformers, and then converting it back to DC—a process that adds complexity and cost. Additionally, DC systems are more prone to corrosion, especially in underground transmission, due to electrolytic effects caused by the constant flow of current in one direction. Despite these challenges, DC remains crucial in specific applications such as data centers and electric vehicles, and there is a growing trend toward direct DC power distribution to minimize energy loss caused by repeated AC-DC conversions in modern electronics.

By End-User: Utility (Largest) vs. Commercial (Fastest-Growing)

The Utility segment drove the Europe and South America Medium & Low Voltage Switchgear Market by holding a substantial market share during the assessment period. It is projected to register a highest growth rate during the projected timeframe. The utility sector encompasses a wide range of entities including public and private electricity distribution companies, grid operators, and power generation firms. These organizations are responsible for the generation, transmission, and distribution of electricity across both urban and rural areas, and they rely heavily on medium-voltage (MV) and low-voltage (LV) switchgear to maintain system reliability, operational safety, and uninterrupted power delivery. Switchgear in this sector plays a vital role in protecting electrical infrastructure, isolating faults, and managing load flow throughout the power network. Key areas of application include electrical substations, where voltage is stepped up or down for efficient transmission; grid interconnections, which link various parts of the power system for stability and redundancy; and renewable energy facilities such as solar farms, wind turbines, and hydroelectric plants, where switchgear enables safe integration into the main grid. 

Additionally, switchgear supports the operation of widespread distribution networks, delivering electricity to homes, businesses, and industries with the necessary protection and control features in place. In other hand the commercial is emerging segment. The commercial segment comprises a diverse range of facilities such as office buildings, shopping malls, hospitals, data centers, hotels, airports, and educational institutions. These establishments depend on low to medium voltage switchgear to manage their internal power distribution systems effectively. Switchgear in these environments is essential for controlling and protecting electrical loads across HVAC systems, lighting networks, and critical operations, ensuring both efficiency and safety. 

Key applications include low-voltage (LV) panels that support building infrastructure by distributing power across various zones and departments, as well as backup and emergency power systems that provide uninterrupted service during outages, which is especially vital in facilities like hospitals and data centers. Additionally, modern commercial buildings use switchgear to support energy metering and smart monitoring, enabling operators to track energy consumption and improve efficiency. Integration with building management systems (BMS) further enhances control and automation, allowing for centralized monitoring and coordination of power, lighting, climate control, and emergency systems across the facility.

By Protection: Circuit Breaker (Largest) vs. Fuse (Fastest-Growing)

Circuit Breaker segment drove the Europe and South America Medium & Low Voltage Switchgear Market by holding a substantial market share. The circuit breakers are advanced, reusable protective devices designed to guard electrical systems against a wide range of fault conditions, including overcurrent’s, short circuits, ground faults, and even damage caused by lightning surges. Their ability to offer customizable trip settings allows for precise coordination with system requirements, enhancing overall protection. Circuit breakers are particularly suited for applications where frequent switching or resetting is needed, such as motor control systems and power distribution panels. They feature status indicators and often support remote control and monitoring, which simplifies troubleshooting and maintenance.

Many modern circuit breakers come with self-diagnostic functions, reducing routine inspection needs and helping ensure system reliability. While circuit breakers tend to have a higher initial cost and may require more complex installation, their reusability, advanced protection features, and lower long-term maintenance make them a cost-effective solution over time, especially in critical or high-demand environments. In other hand the fuse is emerging segment. Fuses are simple, single-use devices that provide reliable overcurrent protection by melting a metal element when excessive current flows through a circuit. This melting action interrupts the power flow instantly, making fuses highly effective in responding quickly to short circuits and other overcurrent events. 

Due to their low cost and ease of installation, fuses are commonly used in residential and light commercial settings where budget constraints and simple protection needs are prioritized. They have no moving parts, reducing the risk of mechanical failure and ensuring a low-maintenance operation. However, fuses lack the flexibility of adjustable trip settings and cannot detect more complex faults like ground faults. Additionally, because fuses operate only once and must be replaced after each fault, they may lead to increased downtime and higher long-term operational costs. Despite these limitations, fuses remain a practical solution for applications where basic protection is sufficient and cost-effectiveness is a key factor.

Get more detailed insights about Europe South America Medium And Low Voltage Switchgear Market

Regional Insights

Europe: Largest Market with Stable Demand

Europe dominates the Medium & Low Voltage Switchgear Market, holding a significant market share during the assessment period. The region represents a mature and well-established market, supported by advanced power infrastructure, strong industrialization, and strict safety and energy efficiency regulations. Countries such as Germany, France, the UK, Italy, Russia, Italy, Spain and Rest of Europe are actively investing in grid modernization, renewable energy integration, and replacement of aging electrical infrastructure. The strong presence of global switchgear manufacturers, along with widespread adoption across utilities, manufacturing, transportation, commercial buildings, and data centers, supports steady demand. Additionally, Europe’s focus on smart grids, digital substations, decarbonization targets, and electrification of industries continues to drive adoption of intelligent, compact, and eco-efficient medium and low voltage switchgear solutions.

Europe and South America Medium & Low Voltage Switchgear Market Regional Insights

South America: Emerging Market with Gradual Adoption

South America represents an emerging market for Medium & Low Voltage Switchgear, with countries such as Brazil, Mexico, Argentina, Peru, Chile and Rest of South America showing growing adoption. Market growth is driven by expanding industrial activities, urbanization, and increasing investments in power generation and transmission & distribution infrastructure. While challenges such as economic volatility, budget constraints, and uneven regulatory frameworks can slow adoption, demand is steadily increasing for reliable and safe power distribution equipment. The expansion of renewable energy projects, mining operations, oil & gas facilities, and commercial construction is creating new opportunities for medium and low voltage switchgear deployment. Over time, rising electrification, infrastructure modernization initiatives, and the need to reduce power outages are expected to accelerate market growth across the region.

Key Players and Competitive Insights

The Europe presents a highly fragmented yet technologically advanced medium- and low-voltage switchgear market dominated by global majors like ABB, Schneider Electric, Siemens, Eaton, Mitsubishi Electric, and regionally significant players such as Legrand, CG Power, and HD Hyundai Electric. In medium voltage, investment trends are driven by infrastructure modernization, renewable integration (especially 15–21 kV segments), and increasing digitalization through smart grid technologies and condition-monitoring systems gminsights.com. Low-voltage systems follow a similar pattern, with Europe's industrial heartlands particularly Germany, France, the UK driving demand due to policies like Germany’s Energiewende and UK infrastructure programs, spurring adoption of digital, eco-friendly, and EV-ready switchgear.

Competitive dynamics revolve around R&D, strategic financing, tailored rural/urban solutions, and a shift from legacy air-insulated systems towards advanced digital and gas-insulated alternatives. In South America, the medium- and low-voltage switchgear sector is moderately to highly fragmented, with major international names ABB, Schneider, Siemens, Eaton, Mitsubishi leading across both voltage tiers, supplemented by Havells in the LV space. The medium-voltage market is propelled by intensifying industrialization in Brazil, Argentina, and Chile, plus government-driven infrastructure and renewable-energy projects. Brazil’s utility-scale expansion through floating PV and HVDC upgrades, illustrates how technology advancement and sustainability goals are shaping market competition.

In the low-voltage segment, consolidation is greater; ABB, Schneider, Eaton and others command significant share, intensified by large-scale transmission and substation programs, as seen in Brazil’s plan to add 6,000 km of transmission lines. Across both regions, firms are captivating the market through cross-border partnerships, product localization, automation innovations, and a sustainability-first agenda that leverages both traditional AIS technologies and emerging digital and gas-insulated systems.

Industry Developments

  • In 2024, Hyosung signed a 22 billion won (approximately US$16.5 million) contract with Iceland’s state-owned power company, marking the largest single order for gas-insulated switchgear (GIS) in Europe. GIS technology is renowned for its ability to significantly reduce carbon emissions, aligning with global sustainability goals.

Future Outlook

Europe South America Medium And Low Voltage Switchgear Market Future Outlook

The Medium & Low Voltage Switchgear Market is projected to grow at a 4.272 % CAGR from 2024 to 2035, driven by growing renewable energy projects and their need for efficient distribution systems; increasing demand for energy-efficient solutions in residential and commercial sectors; rapid industrialization and infrastructure development in emerging economies.

New opportunities lie in:

  • Rising integration of renewable energy sources and distributed energy resources (DERs) such as solar PV, wind farms, battery energy storage systems (BESS), microgrids, and EV charging infrastructure is increasing demand for advanced switchgear capable of handling bidirectional power flows, fluctuating loads, and frequent switching operations while ensuring grid stability and protection coordination.
  • Growing adoption of smart and digital switchgear technologies, including intelligent circuit breakers, digital protection relays, condition-monitoring sensors, remote-control capabilities, and communication-enabled switchgear. These technologies support predictive maintenance, faster fault clearance, reduced downtime, enhanced asset management, and compliance with evolving safety and environmental regulations.
  • Strengthening regulatory focus on energy efficiency, safety, and sustainability across Europe and South America is driving demand for eco-friendly switchgear designs, such as SF₆-free insulation, vacuum switchgear, and compact low-loss systems that reduce environmental impact and support decarbonization goals.

By 2035, the Europe and South America Medium & Low Voltage Switchgear Market is expected to play a critical role in enabling resilient, intelligent, and sustainable power distribution networks. Medium and low voltage switchgear will be essential for grid modernization, renewable energy integration, industrial electrification, and infrastructure expansion supporting utilities, industries, and commercial facilities in managing increasingly complex, decentralized, and digitally controlled electrical systems while achieving long-term reliability, safety, and sustainability objectives.

Market Segmentation

Medium & Low Voltage Switchgear Region Outlook

  • Europe
  • South America

Medium & Low Voltage Switchgear Current Outlook

  • AC
  • DC

Medium & Low Voltage Switchgear Product Outlook

  • Fixed Mounting
  • Plug In
  • Withdrawal Unit

Medium & Low Voltage Switchgear Voltage Outlook

  • Up to 250 V
  • >250 V to 750 V
  • >750 V to 1 kV
  • >1 kV to 9 kV
  • >9 kV to 15 kV
  • >15 kV to 27 kV
  • >27 kV to 33 kV
  • >33 kV

Medium & Low Voltage Switchgear End-User Outlook

  • Utility
  • Commercial
  • Industrial
  • Residential

Medium & Low Voltage Switchgear Installation Outlook

  • Indoor
  • Outdoor

Medium & Low Voltage Switchgear Rated Current Outlook

  • (<1000 Ampere
  • 1000 To 5000 Ampere
  • >5000 Ampere

Europe and South America Medium & Low Voltage Switchgear Market Protection Outlook

  • Circuit Breaker
  • Fuse
  • Others)
  • By Product(Fixed Mounting
  • Plug In
  • Withdrawal Unit

Report Scope

Market Size 2024

25,218.1 (USD Million)

Market Size 2025

26,268.4 (USD Million)

Market Size 2035

39,910.7 (USD Million)

Compound Annual Growth Rate (CAGR)

4.272 % (2025 - 2035)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Base Year

2024

Market Forecast Period

2025 - 2035

Historical Data

2019 - 2023

Market Forecast Units

USD Million

Key Companies Profiled

Siemens, ABB, Schneider Electric, Eaton Corporation, Mitsubishi Electric Corporation, GE Vernova, Hyosung Corporation, Powell Industries, HD Hyundai Electric, SGC-SwitchGear Company

Segments Covered

By Protection, By Product, By Rated Current, By Voltage, By Installation, By Current, By End-User

 

Key Market Opportunities

Developing markets offering potential for new product introductions and innovations; Expanding smart grid initiatives and digitalization of electrical networks; Rising investments in modernization and upgrades of aging electrical infrastructure

Key Market Dynamics

Growing renewable energy projects and their need for efficient distribution systems; Increasing demand for energy-efficient solutions in residential and commercial sectors; Rapid industrialization and infrastructure development in emerging economies

Region Covered

Europe and South America

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