PUBLISHER: KBV Research | PRODUCT CODE: 1826702
PUBLISHER: KBV Research | PRODUCT CODE: 1826702
North America AI-based Electrical Switchgear Market Size, Share & Industry Analysis Report By Component, By Installation, By Type, By End User, By Country and Growth Forecast, 2025 - 2032
The North America AI-based Electrical Switchgear Market would witness market growth of 8.5% CAGR during the forecast period (2025-2032).
The US market dominated the North America AI-based Electrical Switchgear Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $15,668.8 million by 2032. The Canada market is experiencing a CAGR of 12.1% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 10.8% during (2025 - 2032). The US and Canada led the North America AI-based Electrical Switchgear Market by Country with a market share of 84.2% and 7.5% in 2024.
The modernization of electrical infrastructure, the incorporation of renewable energy, and developments in AI and IoT technologies are all contributing to the rapid growth of the North American market for AI-based electrical switchgear. The emergence of smart grid solutions, predictive maintenance, and real-time monitoring capabilities has sped up the adoption of AI-based switchgear, which was initially hampered by high costs and limited viability. In addition to supporting the integration of distributed energy resources, these systems improve grid reliability, decrease downtime, and address issues like aging infrastructure and rising energy demand.
Important market trends include the development of autonomous switchgear that can self-adjust to grid conditions, the rise of predictive maintenance to reduce failures, and the integration of AI with smart grid infrastructures for dynamic load management. Through acquisitions, R&D expenditures, and strategic partnerships, industry leaders like ABB, Siemens, Schneider Electric, Mitsubishi Electric, and TE Connectivity are fortifying their positions. North America's leadership in developing resilient and intelligent grid solutions is being strengthened by market consolidation and innovation brought about by an increasing emphasis on sustainability, efficiency, and eco-friendly innovations.
Component Outlook
Based on Component, the market is segmented into Hardware, Software, and Services. The Hardware market segment dominated the US AI-based Electrical Switchgear Market by Component is expected to grow at a CAGR of 7.4 % during the forecast period thereby continuing its dominance until 2032. Also, The Services market is anticipated to grow as a CAGR of 8.7 % during the forecast period during (2025 - 2032).
Installation Outlook
Based on Installation, the market is segmented into Indoor, and Outdoor. With a compound annual growth rate (CAGR) of 11.6% over the projection period, the Indoor Market, dominate the Canada AI-based Electrical Switchgear Market by Installation in 2024 and would be a prominent market until 2032. The Outdoor market is expected to witness a CAGR of 12.8% during (2025 - 2032).
Country Outlook
The United States is the largest and most dynamic market in North America, in addition to its sophisticated industrial base, aging grid infrastructure, and robust policy support for the integration of renewable energy sources for AI-based electrical switchgear. AI-enabled switchgear is essential for predictive maintenance, load management, and real-time fault detection as the demand for electricity rises due to smart homes, data centers, and electric vehicles. As utilities update grids to improve dependability, efficiency, and resilience against extreme weather, federal and state programs, as well as private investments, are speeding up adoption. Adoption is being driven by key industries like utilities, data centers, and residential applications, but competition is still fierce between established firms like Eaton, Siemens, Schneider Electric, ABB, and GE, and up-and-coming startups. The United States is firmly positioned at the forefront of AI-driven power distribution as a result of the convergence of technological innovation, sustainability objectives, and market demand.
List of Key Companies Profiled
- ABB Ltd.
- Schneider Electric SE
- Siemens AG
- Mitsubishi Electric Corporation
- Hitachi Energy Ltd. (Hitachi, Ltd.)
- Eaton Corporation plc
- CG Power and Industrial Solutions Limited.
- Rockwell Automation, Inc.
- Powell Industries, Inc.
- Havells India Ltd.
North America AI-based Electrical Switchgear Market Report Segmentation
By Component
- Hardware
- Software
- Services
By Installation
- Indoor
- Outdoor
By Type
- Low Voltage
- Medium Voltage
- High Voltage
By End User
- Industrial
- Energy & Utilities
- Commercial
- Residential
- Transportation
- Other End User
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America AI-based Electrical Switchgear Market, by Component
- 1.4.2 North America AI-based Electrical Switchgear Market, by Installation
- 1.4.3 North America AI-based Electrical Switchgear Market, by Type
- 1.4.4 North America AI-based Electrical Switchgear Market, by End User
- 1.4.5 North America AI-based Electrical Switchgear Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Market Trends - AI-based Electrical Switchgear Market
Chapter 5. State of Competition - AI-based Electrical Switchgear Market
Chapter 6. Product Life Cycle (PLC) - AI-based Electrical Switchgear Market
Chapter 7. Market Consolidation - AI-based Electrical Switchgear Market
Chapter 8. Competition Analysis - Global
- 8.1 Market Share Analysis, 2024
- 8.2 Strategies Deployed in AI-based Electrical Switchgear Market
- 8.3 Porter Five Forces Analysis
Chapter 9. Value Chain Analysis of AI-based Electrical Switchgear Market
- 9.1 Raw Material Procurement
- 9.2 Component Manufacturing
- 9.3 System Design & Engineering
- 9.4 Assembly & Integration
- 9.5 Distribution & Logistics
- 9.6 Deployment & Installation
- 9.7 Operation & Monitoring
- 9.8 After-Sales Services & Maintenance
- 9.9 End-of-Life Management & Recycling
Chapter 10. Key Customer Criteria - AI-based Electrical Switchgear Market
Chapter 11. North America AI-based Electrical Switchgear Market by Component
- 11.1 North America Hardware Market by Country
- 11.2 North America Software Market by Country
- 11.3 North America Services Market by Country
Chapter 12. North America AI-based Electrical Switchgear Market by Installation
- 12.1 North America Indoor Market by Country
- 12.2 North America Outdoor Market by Country
Chapter 13. North America AI-based Electrical Switchgear Market by Type
- 13.1 North America Low Voltage Market by Country
- 13.2 North America Medium Voltage Market by Country
- 13.3 North America High Voltage Market by Country
Chapter 14. North America AI-based Electrical Switchgear Market by End User
- 14.1 North America Industrial Market by Country
- 14.2 North America Energy & Utilities Market by Country
- 14.3 North America Commercial Market by Country
- 14.4 North America Residential Market by Country
- 14.5 North America Transportation Market by Country
- 14.6 North America Other End User Market by Country
Chapter 15. North America AI-based Electrical Switchgear Market by Country
- 15.1 US AI-based Electrical Switchgear Market
- 15.1.1 US AI-based Electrical Switchgear Market by Component
- 15.1.2 US AI-based Electrical Switchgear Market by Installation
- 15.1.3 US AI-based Electrical Switchgear Market by Type
- 15.1.4 US AI-based Electrical Switchgear Market by End User
- 15.2 Canada AI-based Electrical Switchgear Market
- 15.2.1 Canada AI-based Electrical Switchgear Market by Component
- 15.2.2 Canada AI-based Electrical Switchgear Market by Installation
- 15.2.3 Canada AI-based Electrical Switchgear Market by Type
- 15.2.4 Canada AI-based Electrical Switchgear Market by End User
- 15.3 Mexico AI-based Electrical Switchgear Market
- 15.3.1 Mexico AI-based Electrical Switchgear Market by Component
- 15.3.2 Mexico AI-based Electrical Switchgear Market by Installation
- 15.3.3 Mexico AI-based Electrical Switchgear Market by Type
- 15.3.4 Mexico AI-based Electrical Switchgear Market by End User
- 15.4 Rest of North America AI-based Electrical Switchgear Market
- 15.4.1 Rest of North America AI-based Electrical Switchgear Market by Component
- 15.4.2 Rest of North America AI-based Electrical Switchgear Market by Installation
- 15.4.3 Rest of North America AI-based Electrical Switchgear Market by Type
- 15.4.4 Rest of North America AI-based Electrical Switchgear Market by End User
Chapter 16. Company Profiles
- 16.1 ABB Ltd.
- 16.1.1 Company Overview
- 16.1.2 Financial Analysis
- 16.1.3 Segmental and Regional Analysis
- 16.1.4 Research & Development Expenses
- 16.1.5 Recent strategies and developments:
- 16.1.5.1 Partnerships, Collaborations, and Agreements:
- 16.1.6 SWOT Analysis
- 16.2 Schneider Electric SE
- 16.2.1 Company Overview
- 16.2.2 Financial Analysis
- 16.2.3 Segmental and Regional Analysis
- 16.2.4 Research & Development Expense
- 16.2.5 Recent strategies and developments:
- 16.2.5.1 Product Launches and Product Expansions:
- 16.2.6 SWOT Analysis
- 16.3 Siemens AG
- 16.3.1 Company Overview
- 16.3.2 Financial Analysis
- 16.3.3 Segmental and Regional Analysis
- 16.3.4 Research & Development Expense
- 16.3.5 Recent strategies and developments:
- 16.3.5.1 Partnerships, Collaborations, and Agreements:
- 16.3.6 SWOT Analysis
- 16.4 Mitsubishi Electric Corporation
- 16.4.1 Company Overview
- 16.4.2 Financial Analysis
- 16.4.3 Segmental and Regional Analysis
- 16.4.4 Research & Development Expense
- 16.4.5 SWOT Analysis
- 16.5 Hitachi Energy Ltd. (Hitachi Ltd.)
- 16.5.1 Company Overview
- 16.5.2 Financial Analysis
- 16.5.3 Segmental and Regional Analysis
- 16.5.4 Research & Development Expenses
- 16.5.5 Recent strategies and developments:
- 16.5.5.1 Product Launches and Product Expansions:
- 16.6 Eaton Corporation PLC
- 16.6.1 Company Overview
- 16.6.2 Financial Analysis
- 16.6.3 Segmental and Regional Analysis
- 16.6.4 Research & Development Expense
- 16.6.5 Recent strategies and developments:
- 16.6.5.1 Partnerships, Collaborations, and Agreements:
- 16.6.6 SWOT Analysis
- 16.7 CG Power & Industrial Solutions Ltd. (Murugappa Group)
- 16.7.1 Company Overview
- 16.7.2 Financial Analysis
- 16.7.3 Segmental and Regional Analysis
- 16.8 Rockwell Automation, Inc.
- 16.8.1 Company Overview
- 16.8.2 Financial Analysis
- 16.8.3 Segmental and Regional Analysis
- 16.8.4 Research & Development Expenses
- 16.8.5 SWOT Analysis
- 16.9 Powell Industries, Inc.
- 16.9.1 Company Overview
- 16.9.2 Financial Analysis
- 16.9.3 Research & Development Expenses
- 16.9.4 SWOT Analysis
- 16.10. Havells India Ltd.
- 16.10.1 Company Overview
- 16.10.2 Financial Analysis
- 16.10.3 Segmental Analysis
- 16.10.4 Research & Development Expenses
- 16.10.5 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America AI-based Electrical Switchgear Market, 2021 - 2024, USD Million
- TABLE 2 North America AI-based Electrical Switchgear Market, 2025 - 2032, USD Million
- TABLE 3 Key Customer Criteria - AI-based Electrical Switchgear Market
- TABLE 4 North America AI-based Electrical Switchgear Market by Component, 2021 - 2024, USD Million
- TABLE 5 North America AI-based Electrical Switchgear Market by Component, 2025 - 2032, USD Million
- TABLE 6 North America Hardware Market by Country, 2021 - 2024, USD Million
- TABLE 7 North America Hardware Market by Country, 2025 - 2032, USD Million
- TABLE 8 North America Software Market by Country, 2021 - 2024, USD Million
- TABLE 9 North America Software Market by Country, 2025 - 2032, USD Million
- TABLE 10 North America Services Market by Country, 2021 - 2024, USD Million
- TABLE 11 North America Services Market by Country, 2025 - 2032, USD Million
- TABLE 12 North America AI-based Electrical Switchgear Market by Installation, 2021 - 2024, USD Million
- TABLE 13 North America AI-based Electrical Switchgear Market by Installation, 2025 - 2032, USD Million
- TABLE 14 North America Indoor Market by Country, 2021 - 2024, USD Million
- TABLE 15 North America Indoor Market by Country, 2025 - 2032, USD Million
- TABLE 16 North America Outdoor Market by Country, 2021 - 2024, USD Million
- TABLE 17 North America Outdoor Market by Country, 2025 - 2032, USD Million
- TABLE 18 North America AI-based Electrical Switchgear Market by Type, 2021 - 2024, USD Million
- TABLE 19 North America AI-based Electrical Switchgear Market by Type, 2025 - 2032, USD Million
- TABLE 20 North America Low Voltage Market by Country, 2021 - 2024, USD Million
- TABLE 21 North America Low Voltage Market by Country, 2025 - 2032, USD Million
- TABLE 22 North America Medium Voltage Market by Country, 2021 - 2024, USD Million
- TABLE 23 North America Medium Voltage Market by Country, 2025 - 2032, USD Million
- TABLE 24 North America High Voltage Market by Country, 2021 - 2024, USD Million
- TABLE 25 North America High Voltage Market by Country, 2025 - 2032, USD Million
- TABLE 26 North America AI-based Electrical Switchgear Market by End User, 2021 - 2024, USD Million
- TABLE 27 North America AI-based Electrical Switchgear Market by End User, 2025 - 2032, USD Million
- TABLE 28 North America Industrial Market by Country, 2021 - 2024, USD Million
- TABLE 29 North America Industrial Market by Country, 2025 - 2032, USD Million
- TABLE 30 North America Energy & Utilities Market by Country, 2021 - 2024, USD Million
- TABLE 31 North America Energy & Utilities Market by Country, 2025 - 2032, USD Million
- TABLE 32 North America Commercial Market by Country, 2021 - 2024, USD Million
- TABLE 33 North America Commercial Market by Country, 2025 - 2032, USD Million
- TABLE 34 North America Residential Market by Country, 2021 - 2024, USD Million
- TABLE 35 North America Residential Market by Country, 2025 - 2032, USD Million
- TABLE 36 North America Transportation Market by Country, 2021 - 2024, USD Million
- TABLE 37 North America Transportation Market by Country, 2025 - 2032, USD Million
- TABLE 38 North America Other End User Market by Country, 2021 - 2024, USD Million
- TABLE 39 North America Other End User Market by Country, 2025 - 2032, USD Million
- TABLE 40 North America AI-based Electrical Switchgear Market by Country, 2021 - 2024, USD Million
- TABLE 41 North America AI-based Electrical Switchgear Market by Country, 2025 - 2032, USD Million
- TABLE 42 US AI-based Electrical Switchgear Market, 2021 - 2024, USD Million
- TABLE 43 US AI-based Electrical Switchgear Market, 2025 - 2032, USD Million
- TABLE 44 US AI-based Electrical Switchgear Market by Component, 2021 - 2024, USD Million
- TABLE 45 US AI-based Electrical Switchgear Market by Component, 2025 - 2032, USD Million
- TABLE 46 US AI-based Electrical Switchgear Market by Installation, 2021 - 2024, USD Million
- TABLE 47 US AI-based Electrical Switchgear Market by Installation, 2025 - 2032, USD Million
- TABLE 48 US AI-based Electrical Switchgear Market by Type, 2021 - 2024, USD Million
- TABLE 49 US AI-based Electrical Switchgear Market by Type, 2025 - 2032, USD Million
- TABLE 50 US AI-based Electrical Switchgear Market by End User, 2021 - 2024, USD Million
- TABLE 51 US AI-based Electrical Switchgear Market by End User, 2025 - 2032, USD Million
- TABLE 52 Canada AI-based Electrical Switchgear Market, 2021 - 2024, USD Million
- TABLE 53 Canada AI-based Electrical Switchgear Market, 2025 - 2032, USD Million
- TABLE 54 Canada AI-based Electrical Switchgear Market by Component, 2021 - 2024, USD Million
- TABLE 55 Canada AI-based Electrical Switchgear Market by Component, 2025 - 2032, USD Million
- TABLE 56 Canada AI-based Electrical Switchgear Market by Installation, 2021 - 2024, USD Million
- TABLE 57 Canada AI-based Electrical Switchgear Market by Installation, 2025 - 2032, USD Million
- TABLE 58 Canada AI-based Electrical Switchgear Market by Type, 2021 - 2024, USD Million
- TABLE 59 Canada AI-based Electrical Switchgear Market by Type, 2025 - 2032, USD Million
- TABLE 60 Canada AI-based Electrical Switchgear Market by End User, 2021 - 2024, USD Million
- TABLE 61 Canada AI-based Electrical Switchgear Market by End User, 2025 - 2032, USD Million
- TABLE 62 Mexico AI-based Electrical Switchgear Market, 2021 - 2024, USD Million
- TABLE 63 Mexico AI-based Electrical Switchgear Market, 2025 - 2032, USD Million
- TABLE 64 Mexico AI-based Electrical Switchgear Market by Component, 2021 - 2024, USD Million
- TABLE 65 Mexico AI-based Electrical Switchgear Market by Component, 2025 - 2032, USD Million
- TABLE 66 Mexico AI-based Electrical Switchgear Market by Installation, 2021 - 2024, USD Million
- TABLE 67 Mexico AI-based Electrical Switchgear Market by Installation, 2025 - 2032, USD Million
- TABLE 68 Mexico AI-based Electrical Switchgear Market by Type, 2021 - 2024, USD Million
- TABLE 69 Mexico AI-based Electrical Switchgear Market by Type, 2025 - 2032, USD Million
- TABLE 70 Mexico AI-based Electrical Switchgear Market by End User, 2021 - 2024, USD Million
- TABLE 71 Mexico AI-based Electrical Switchgear Market by End User, 2025 - 2032, USD Million
- TABLE 72 Rest of North America AI-based Electrical Switchgear Market, 2021 - 2024, USD Million
- TABLE 73 Rest of North America AI-based Electrical Switchgear Market, 2025 - 2032, USD Million
- TABLE 74 Rest of North America AI-based Electrical Switchgear Market by Component, 2021 - 2024, USD Million
- TABLE 75 Rest of North America AI-based Electrical Switchgear Market by Component, 2025 - 2032, USD Million
- TABLE 76 Rest of North America AI-based Electrical Switchgear Market by Installation, 2021 - 2024, USD Million
- TABLE 77 Rest of North America AI-based Electrical Switchgear Market by Installation, 2025 - 2032, USD Million
- TABLE 78 Rest of North America AI-based Electrical Switchgear Market by Type, 2021 - 2024, USD Million
- TABLE 79 Rest of North America AI-based Electrical Switchgear Market by Type, 2025 - 2032, USD Million
- TABLE 80 Rest of North America AI-based Electrical Switchgear Market by End User, 2021 - 2024, USD Million
- TABLE 81 Rest of North America AI-based Electrical Switchgear Market by End User, 2025 - 2032, USD Million
- TABLE 82 Key Information - ABB Ltd.
- TABLE 83 Key Information - Schneider Electric SE
- TABLE 84 Key Information - Siemens AG
- TABLE 85 Key Information - Mitsubishi Electric Corporation
- TABLE 86 Key Information - Hitachi Energy Ltd.
- TABLE 87 Key Information - Eaton Corporation PLC
- TABLE 88 Key Information - CG Power & Industrial Solutions Ltd.
- TABLE 89 Key Information - Rockwell Automation, Inc.
- TABLE 90 Key Information - Powell Industries, Inc.
- TABLE 91 Key Information - Havells India Ltd.
LIST OF FIGURES
- FIG 1 Methodology for the research
- FIG 2 North America AI-based Electrical Switchgear Market, 2021 - 2032, USD Million
- FIG 3 Key Factors Impacting - AI-based Electrical Switchgear Market
- FIG 4 Market Share Analysis, 2024
- FIG 5 Porter's Five Forces Analysis - AI-based Electrical Switchgear Market
- FIG 6 Value Chain Analysis of AI-based Electrical Switchgear Market
- FIG 7 Key Customer Criteria - AI-based Electrical Switchgear Market
- FIG 8 North America AI-based Electrical Switchgear Market Share by Component, 2024
- FIG 9 North America AI-based Electrical Switchgear Market Share by Component, 2032
- FIG 10 North America AI-based Electrical Switchgear Market by Component, 2021 - 2032, USD Million
- FIG 11 North America AI-based Electrical Switchgear Market Share by Installation, 2024
- FIG 12 North America AI-based Electrical Switchgear Market Share by Installation, 2032
- FIG 13 North America AI-based Electrical Switchgear Market by Installation, 2021 - 2032, USD Million
- FIG 14 North America AI-based Electrical Switchgear Market Share by Type, 2024
- FIG 15 North America AI-based Electrical Switchgear Market Share by Type, 2032
- FIG 16 North America AI-based Electrical Switchgear Market by Type, 2021 - 2032, USD Million
- FIG 17 North America AI-based Electrical Switchgear Market Share by End User, 2024
- FIG 18 North America AI-based Electrical Switchgear Market Share by End User, 2032
- FIG 19 North America AI-based Electrical Switchgear Market by End User, 2021 - 2032, USD Million
- FIG 20 North America AI-based Electrical Switchgear Market Share by Country, 2024
- FIG 21 North America AI-based Electrical Switchgear Market Share by Country, 2032
- FIG 22 North America AI-based Electrical Switchgear Market by Country, 2021 - 2032, USD Million
- FIG 23 SWOT Analysis: ABB ltd.
- FIG 24 SWOT Analysis: Schneider Electric SE
- FIG 25 SWOT Analysis: Siemens AG
- FIG 26 SWOT Analysis: Mitsubishi Electric Corporation
- FIG 27 SWOT Analysis: Eaton Corporation PLC
- FIG 28 SWOT Analysis: Rockwell Automation, Inc.
- FIG 29 SWOT Analysis: Powell Industries, Inc.
- FIG 30 SWOT Analysis: Havells India Ltd.
