AI-Based Electrical Switchgear Market Share

Geographically, the AI-based electrical switchgear market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa region. The market in the Asia Pacific is poised to hold largest revenue share by 2036, 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.