Canada Switch Gear Market Size (2024 - 2029)

The Canadian switchgear market is experiencing growth, driven by increasing electricity demand and the expansion of the distribution network to support infrastructure development and renewable energy integration. Despite the challenges posed by stringent environmental and safety regulations concerning SF6 gas emissions, the market has rebounded to pre-pandemic levels. Government investments in transmission and distribution networks are expected to offer significant opportunities, contributing to the overall market size expansion.

Home Market Analysis Energy & Power Research Power Research Canada Switch Gear Market Market Size

Market Size of Canada Switch Gear Industry

Canada Switch Gear Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 7.00 %
Market Concentration Medium

Major Players

Canada Switch Gear Market Major Players

*Disclaimer: Major Players sorted in no particular order

Canada Switch Gear Market Analysis

The Canadian switchgear market is expected to grow at a CAGR of more than 7.0% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels.

Over the long term, the rise in electricity demand and generation. The expansion of the distribution network is also increasing significantly across the country to accommodate the infrastructure development projects, and integration of renewables into the grid are the primary drivers for the market.

However, stringent environmental and safety regulations related to SF6 gas emissions are restraining factors for the switchgear market.

Nevertheless, the rising investment by government-owned companies in expanding transmission and distribution network is likley to create lucrative opportunities for the market.

Canada Switch Gear Industry Segmentation

Switchgear is a device that controls, regulates, and switches on or off the electrical circuit. The power supply system is linked directly to the switchgear system. It is located on the high and low-voltage sides of the power transformer. It is used to switch off the equipment's power so that it may be examined and maintained and clear the issue.

The Canada Switch Gear Market is segmented by type of Voltage (Low-Voltage, Medium-Voltage, High-Voltage), Insulation (Gas Insulated Switchgear (GIS), Air Insulated Switchgear (AIS) and other types), Installation (Indoor, Outdoor) and End-user Industry (Commercial, Residential, Industrial). The report offers the market size and forecasts in revenue (USD Billion) for all the above segments. For each segment, the market size and forecast have been done on the basis of revenue (USD Billion).

By Voltage Low-Voltage
Low-Voltage
Medium-Voltage
High-Voltage
By End-user
Commercial
Residential
Industrial
By Insulation
Gas Insulated Switchgear (GIS)
Air Insulated Switchgear (AIS)
Other Insulation Types
By Installation
Indoor
Outdoor
Need A Different Region Or Segment?
Customize Now

Canada Switch Gear Market Size Summary

The Canadian switchgear market is poised for significant growth, driven by increasing electricity demand and the expansion of the distribution network to support infrastructure development and renewable energy integration. The market has rebounded to pre-pandemic levels after the setbacks caused by COVID-19. Key drivers include the government's push towards renewable energy, with a target of deriving a substantial portion of electricity from renewables by 2030, and the rising investment in transmission and distribution networks by government-owned entities. However, the market faces challenges from stringent environmental regulations concerning SF6 gas emissions. Despite these challenges, the high-voltage switchgear segment is expected to experience robust growth, supported by its application in various sectors such as urban infrastructure and renewable energy integration.

The demand for switchgear is further bolstered by the country's commitment to reducing carbon emissions and increasing energy efficiency, as evidenced by significant investments in energy retrofits and solar infrastructure. The government's initiatives, including the Net-Zero Accelerator Fund, aim to enhance the share of renewable energy in the national grid, thereby driving the need for advanced switchgear solutions. The market is moderately fragmented, with major players like ABB Ltd., Siemens AG, and Schneider Electric SE actively participating in the region. Recent strategic moves, such as acquisitions and investments in manufacturing capabilities, indicate a competitive landscape focused on meeting the evolving demands of the Canadian switchgear market.

Explore More

Canada Switch Gear Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2028

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 PESTLE Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Voltage Low-Voltage

      1. 2.1.1 Low-Voltage

      2. 2.1.2 Medium-Voltage

      3. 2.1.3 High-Voltage

    2. 2.2 By End-user

      1. 2.2.1 Commercial

      2. 2.2.2 Residential

      3. 2.2.3 Industrial

    3. 2.3 By Insulation

      1. 2.3.1 Gas Insulated Switchgear (GIS)

      2. 2.3.2 Air Insulated Switchgear (AIS)

      3. 2.3.3 Other Insulation Types

    4. 2.4 By Installation

      1. 2.4.1 Indoor

      2. 2.4.2 Outdoor

Canada Switch Gear Market Size FAQs

The Canada Switch Gear Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)

ABB Ltd., Siemens AG, Mitsubishi Electric Corporation, General Electric Company and Schneider Electric SE are the major companies operating in the Canada Switch Gear Market.

Canada Switch Gear Market Report Snapshots

Canada Switch Gear Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)