AI-Based Electrical Switchgear Industry - Regional Synopsis
Asia Pacific industry is estimated to hold largest revenue share by 2037, owing to growth of many smart cities in the countries of the region which require AI-based electrical switchgear infrastructure on roads and buildings on a large scale. Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the increasing investments in commercial and industrial sector, accompanied by the early adoption of advanced technologies. Along with this, North America also leads in terms of favourable regulatory environment for approval of AI-based technological solutions, which is also expected to contribute to the AI-based electrical switchgear market growth in the region.
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of AI-based electrical switchgear is estimated at USD 28.07 billion.
AI-Based Electrical Switchgear Market size was over USD 26.64 billion in 2024 and is anticipated to cross USD 58.95 billion by 2037, growing at more than 6.3% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is estimated to hold largest revenue share by 2037, owing to growth of many smart cities in the countries of the region which require AI-based electrical switchgear infrastructure on roads and buildings on a large scale.
The major players in the market include ABB Ltd, Schneider Electric, Siemens AG, Lutron Electronics Company, and Mitsubishi Electric among others.
