North America Medium Voltage Switchgear Market share is slated to grow exponentially through 2032, owing to the constantly surging demand for energy-efficient technologies for sustainable transmission and distribution networks. Besides, constant measures taken by central governments to encourage the adoption of enhanced technological systems to suffice the surging energy demand will further offer several growth prospects to the market.

In addition, the rapidly increasing urbanization rate combined with enhancing the quality, affordability, and reliability of electricity supply to consumers are some of the crucial factors driving the integration of sustainable infrastructure, thereby resulting in the market expansion.

Overall, the North America medium voltage switchgear market is segmented in terms of voltage, component, insulation, end-use, application, and country.

Considering the voltage, the ? 3 kV to < 9 kV high voltage switchgear segment is expected to register considerable growth over the forthcoming years. The growth can be attributed to its widespread applicability across decentralized power networks in the region.

Based on components, the switches and disconnectors segment will showcase lucrative growth owing to the product versatility and diverse applicability across distribution networks. Besides, switches and disconnectors are among the most commonly used electrical devices across different circuits, which is further expected to spur product adoption over the coming years.

Based on insulation, the air-insulated switchgear segment is projected to witness massive growth by 2032. The product benefits that prompt its adoption across North America include less construction work, less time for the erection of air-insulated substations, and reduced fault risks. Moreover, the switchgears are also largely incorporated and best suited for low voltage rating substations, which will eventually support the segmental expansion.

By end-use, the local electricity supply segment is anticipated to exhibit massive growth between 2023 and 2032, as local electricity supply offers several significant economic as well as environmental benefits to a community. Besides, ongoing initiatives by the US and Canada governments to promote energy efficiency, both in their operations and in their communities, will further offer significant prospects for segmental growth in the near future.

Considering the application, the commercial applications segment is set to grow positively owing to the mounting electricity demand from healthcare establishments, educational institutes, and banks, among many others. It is worth noting that the healthcare facilities across the United States consume approximately 10% of the total energy used in the commercial buildings across the country.

In the regional context, Canada medium voltage switchgear market is expected to grow rapidly owing to the ongoing investments in development of the renewable energy sector and microgrid networks. In addition, introduction of Foreign Direct Investment (FDI) schemes to update the overall economic growth and constant commercialization and industrialization will drive the regional growth further over the forecast period.