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Switchgear Market worth $152.98 billion by 2031 | MarketsandMarkets™

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DELRAY BEACH, Fla., Sept. 4, 2026 /PRNewswire/ — According to MarketsandMarkets™, the global Switchgear Market size is projected to grow from USD 110.17 billion in 2026 to USD 152.98 billion by 2031 at a compound annual growth rate (CAGR) of 6.8% during the forecast period.

Browse 265 market data Tables and 75 Figures spread through 350 Pages and in-depth TOC on ‘Switchgear Market – Global Forecast to 2031.’

This growth is being driven by large-scale grid modernization and transmission and distribution infrastructure upgrades undertaken by utilities worldwide, coupled with the accelerating pace of renewable energy capacity additions that require robust switchgear solutions for grid interconnection and power evacuation. The rapid expansion of global data center capacity, fueled by cloud computing and AI-driven workloads, is further amplifying demand for high-reliability power distribution infrastructure, while the ongoing electrification of transportation and continued industrial capacity expansion are reinforcing sustained investment across voltage classes and end-use segments globally.

The market is also being reshaped by several transformative trends, including the accelerating shift toward SF6-free and eco-efficient switchgear technologies in response to tightening environmental regulations, and the growing integration of digital capabilities such as IoT-enabled monitoring, predictive maintenance, and digital twin technology, which are turning conventional switchgear into intelligent, grid-aware assets. Rising demand for compact and space-optimized designs, along with increasing adoption of DC switchgear to support HVDC transmission, data centers, and EV charging infrastructure, is further redefining the competitive landscape. The report offers a comprehensive analysis of the switchgear market across insulation type, installation, voltage, current, end user, and region, providing stakeholders with critical insights into emerging opportunities, technology shifts, and regional growth dynamics shaping the industry through 2031.

Switchgear Market Size & Forecast:

Market Size Available for Years: 2023–20312025 Market Size: USD 104.45 billion2031 Projected Market Size: USD 152.98 billionCAGR (2026–2031): 6.8%

Switchgear Market Trends & Insights:

Asia Pacific is projected to be the fastest-growing region in the switchgear market, registering a CAGR of 7.2% during 2026-2031.The air-insulated switchgear segment held the largest market share in 2025.Outdoor installations are likely to record a higher CAGR during the forecast period.The DC segment is projected to record a higher CAGR during the forecast period.By voltage, the high (Above 220 kV) segment held the largest share of the overall switchgear market in 2025.Based on end user, power utilities accounted for the largest market share in 2025.

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The AC segment held a larger share of the switchgear market in 2025.

The AC segment, by current, held a larger share of the switchgear market in 2025, reflecting the continued dominance of alternating current across global power generation, transmission, and distribution infrastructure. AC-based switchgear remains the standard choice across utility networks, industrial facilities, and commercial buildings, supported by decades of established grid infrastructure, mature technology, and widespread manufacturer and maintenance ecosystem availability. While DC applications are gaining traction in niche areas such as HVDC transmission, data centers, and EV charging infrastructure, the sheer scale and legacy dominance of AC-based power systems worldwide continue to ensure its position as the largest current-type segment in the overall switchgear market.

Gas-insulated switchgear is projected to be the fastest-growing segment during the forecast period.

Gas-insulated switchgear is expected to be the fastest-growing insulation segment during the forecast period, driven by increasing demand for compact, reliable, and high-performance power distribution infrastructure. Its space-efficient design makes GIS particularly suitable for urban substations, densely populated areas, data centers, industrial facilities, and renewable energy projects, where land availability and reliability are critical considerations. The growing deployment of high-voltage transmission infrastructure and renewable generation is further supporting demand for GIS, as it enables efficient switching and protection within substations while requiring a smaller footprint than conventional air-insulated configurations. In addition, ongoing grid modernization and the replacement of aging infrastructure are creating opportunities for advanced GIS technologies, including SF6-free and environmentally optimized solutions, as utilities and end users increasingly balance reliability, space constraints, and environmental requirements.

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Asia Pacific to be the fastest-growing region in the switchgear market during the forecast period.

Asia Pacific is expected to be the fastest-growing region in the switchgear market during the forecast period, underpinned by rapid industrialization, urbanization, and large-scale grid infrastructure investments across key economies such as China, India, and Southeast Asia. The region’s aggressive renewable energy capacity additions, particularly in solar and wind, alongside strong government-backed electrification and rural grid expansion programs, are driving substantial demand for switchgear across transmission and distribution networks. Additionally, growing investments in data center capacity, EV charging infrastructure, and industrial manufacturing hubs across the region are further reinforcing switchgear demand, as countries continue to modernize ageing grid assets and build resilient power infrastructure to support their expanding economies. Collectively, these factors position Asia Pacific as the key growth engine for the global switchgear market through 2031.

Top Companies in Switchgear Industry:

The Switchgear Industry include ABB (Switzerland), GE Vernova (US), Siemens (Germany), Schneider Electric (France), Eaton (Ireland), Mitsubishi Electric Corporation (Japan), LS ELECTRIC Co., Ltd. (South Korea), Fuji Electric Co., Ltd. (Japan), HD Hyundai Electric Co., Ltd. (South Korea), TOSHIBA CORPORATION (Japan), and several others.

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Related Reports:

Gas-Insulated Switchgear Market

Pad-Mounted Switchgear Market

Switchgear Monitoring System Market

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OMNICOM TO PRESENT AT THE GOLDMAN SACHS COMMUNACOPIA + TECHNOLOGY CONFERENCE

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NEW YORK, Sept. 4, 2026 /PRNewswire/ — Omnicom (NYSE: OMC) today announced that it will present at the Goldman Sachs Communacopia + Technology Conference 2026 in San Francisco, California on Thursday, September 10, 2026 at 8:10 a.m. Pacific Time.  Live and archived webcasts will be available at the investor relations section of omc.com.

About Omnicom
Omnicom (NYSE: OMC) is the world’s leading marketing and sales company, built for intelligent growth in the next era. Powered by Omni and its proprietary data and identity, Omnicom’s Connected Capabilities unite the company’s world‑class agency brands, exceptional talent, and deep domain expertise across media, commerce, consulting, precision marketing, advertising, production, health, public relations, branding, and experiential to address clients’ most critical growth priorities. For more information, visit omc.com

 

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Minister Hodgson highlights Western Canada’s role in Canada’s energy and economic future

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PRINCE GEORGE, BC, Sept. 4, 2026 /CNW/ — Today, the Honourable Tim Hodgson, Minister of Energy and Natural Resources, concluded a five-day tour across Alberta, Saskatchewan and British Columbia, highlighting how provinces, workers, Indigenous partners, researchers and industry are positioning Canada as a global energy superpower with the strongest economy in the G7. Across Western Canada, Canadians are turning global volatility into opportunities for strength: building a more prosperous economy; enhancing our national security; creating good-paying jobs; and unlocking Canadian resources and connecting them to global markets.

In Alberta, Minister Hodgson spent time with Todd Loewen, Alberta’s Minister of Forestry and Parks, visiting forest sector workers in the Grande Prairie region and meeting firefighters who have kept Albertans safe through wildfire seasons. They discussed supporting the forest products sector in the face of unjustified U.S. tariffs, pivoting Canadian industry to domestic and non-U.S. markets, and how Canada and Alberta can work together to keep communities in Alberta safe from wildfire.

The Minister also visited Suncor’s oil sands operations in Fort McMurray, meeting the people whose hard work powers Canada and reinforces our role as a reliable energy supplier amidst volatile global energy markets. Our government is working hard with our Albertan, industry and Indigenous partners to support our energy sector and build Canada into a prosperous, sovereign and sustainable energy superpower, including through the Canada–Alberta Memorandum of Understanding.

In Saskatchewan, discussions focused on the infrastructure, innovation and resources that will help power Canada’s future. Meetings with provincial counterparts, including Minister Chris Beaudry; municipal leaders; industry; and researchers at the University of Saskatchewan highlighted opportunities to strengthen electricity grids, unlock Saskatchewan’s critical minerals advantage and advance major projects. Visits to the Jansen Mine and the Saskatchewan Research Council’s Rare Earth Processing Facility demonstrated Saskatchewan’s and Canada’s growing strength across the critical minerals and nuclear energy sectors, from resource extraction and processing to advanced technologies and exports.

Minister Hodgson also joined the Honourable Buckley Belanger, Secretary of State for Rural Development, to announce nearly $12 million for businesses in Saskatoon, which are standing up against American tariffs by investing, growing and innovating in Canada, creating jobs, diversifying our supply chains and helping our nation become more economically independent.

The tour also featured two landmark moments that underscored Canada’s ambition to build major projects and strengthen long-term economic prosperity, national security and sustainability. In Saskatchewan, Minister Hodgson announced progress achieved at the McIlvenna Bay copper and zine mine since its referral to the Major Projects Office one year ago. In British Columbia, he joined federal, provincial and Indigenous partners for the groundbreaking ceremony of the North Coast Transmission Line, a transformative infrastructure project that will more than double the availability of clean, low-cost electricity on the West Coast; unlock natural resources projects like the Ksi Lisims LNG facility and critical minerals developments in the Golden Triangle; and create $10 billion in new economic activity and nearly 10,000 jobs.

Western Canada is helping drive a new era of Canadian prosperity, sovereignty and sustainability through responsible resource development, made-in-Canada innovation and a world-class workforce. By advancing projects of national interest, the region is unlocking Canada’s full potential and helping us build Canada Strong.

Quote

“In many ways, Alberta, Saskatchewan and British Columbia are the beating heart of our energy and natural resource sectors. This week, I saw first-hand the people, projects and partnerships that are building Canada Strong amidst the unjustified trade war we are experiencing. From responsible resource development and world-class research to critical infrastructure and energy innovation, Canadians are creating the conditions for long-term prosperity, security, sustainability and sovereignty.”

The Honourable Tim Hodgson
Minister of Energy and Natural Resources

Quick Facts

Minister Hodgson toured Alberta, Saskatchewan and British Columbia from August 30 to September 3, 2026.Canada’s natural resources sector is a cornerstone of the national economy, contributing $459 billion (16 percent) to Canada’s GDP in 2024 and supporting 1.8 million direct and indirect jobs across the country.Western Canada is the powerhouse of Canada’s natural resources economy. In 2022, Alberta, British Columbia and Saskatchewan together accounted for approximately 62 percent of Canada’s natural resources GDP.

Related Products

Canada celebrates progress on the McIlvenna Bay mine: production underway, jobs created, supply chains strengthenedCanada breaks ground on North Coast Transmission Line to deliver clean power and reduce emissions

Associated Links

Canada’s Critical Minerals StrategyNuclear Energy Strategy for Canada

Follow Natural Resources Canada on LinkedIn

SOURCE Natural Resources Canada

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Surfshark launches beta tester program, inviting users to shape the future of cybersecurity

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Users can now gain exclusive early access to unreleased features and communicate directly with Surfshark’s development team via a dedicated Discord hub.

VILNIUS, Lithuania, Sept. 4, 2026 /PRNewswire/ — Surfshark, a cybersecurity company, has officially announced the launch of its updated beta tester program, offering users early access to new features, design changes, and updates before they are released to the general public. Currently available for Windows and Android app users, the program invites community members to play a direct role in testing, refining, and shaping the future of Surfshark’s services.

The importance of user feedback

“Our mission is to build the most beloved security product for everyone – but for that, we need input from our community. Surfshark’s development team and I are genuinely excited to always receive feedback from our users. Oftentimes, we are buried so deep into our product that we don’t see the small details or inconveniences – and that’s why we need users’ input to be a part of how Surfshark services are being shaped,” says Gabriele Sinkeviciute, Head of Product at Surfshark.

The beta tester program creates a collaborative environment where users worldwide can test unreleased tools, report bugs or quirks, and provide real-time feedback. Participant feedback will directly influence feature improvements and the development of new products based on user needs.

Initiative works through a closed Discord group designed for direct, two-way communication between beta testers and Surfshark’s product developers.

“Our updated beta tester program allows us to build features aligned with what our community actually needs,” Sinkeviciute continues. “While early versions may occasionally contain bugs, the insight provided by our beta community is invaluable in helping us fine-tune tools before public releases.”

How to join Surfshark’s beta tester program

Any active Surfshark subscriber on Windows or Android can join the program today:

On Windows: Open the Surfshark app, navigate to Settings > App settings, scroll to Beta Testing, and click Join Beta.On Android: Visit the Surfshark app page in the Google Play Store, scroll to the Join the beta section, and tap Join.

Enrolled participants will be invited to join the private Discord hub to connect with developers and fellow beta testers.

To learn more or sign up today, visit: https://surfshark.com/beta-tester-program

ABOUT SURFSHARK

Surfshark is a cybersecurity company offering products including an audited VPN, certified antivirus, data leak warning system, and a tool for generating an online identity. Recognized as a leading VPN by CNET and TechRadar, Surfshark has also been featured on the FT1000: Europe’s Fastest Growing Companies ranking. Headquartered in the Netherlands, Surfshark has offices in Lithuania and Poland. For information on Surfshark’s operations and highlights, read our Annual Wrap-up. For more research projects, visit our research hub.

Contact: media@surfshark.com 

 

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SOURCE Surfshark B.V.

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