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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

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    Report

  • 181 Pages
  • September 2025
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6174570
The North America AI-based Electrical Switchgear Market is expected to 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 is expected to continue to be a dominant market till 2032; thereby, achieving a market value of $15.66 billion by 2032. The Canada market is experiencing a CAGR of 12.1% during 2025-2032. Additionally, the Mexico market is expected to 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.

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
3.2 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 MarketChapter 5. State of Competition - AI-based Electrical Switchgear MarketChapter 6. Product Life Cycle (PLC) - AI-based Electrical Switchgear MarketChapter 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

Companies Mentioned

  • 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.