Residential Switchgear Market Analysis

Installation (Indoor, Outdoor)

Indoor segment is projected to hold more than 95.1% residential switchgear market share by 2037, due to technological upgradation that enhances safety, efficiency, and integration with smart home systems. The demand for updated and reliable indoor switchgear solutions is increasing owing to efficiency in stringent regulations and standards for residential electrical safety and energy. A shift towards reliable and more advanced electrical systems in homes could enhance the growth in the indoor segment. In April 2024, Schneider Electric announced the launch of EasySet MV air-insulated switchgear for indoor settings, which offers unparalleled ease of operation, maintenance, and monitoring to cater to electrical distribution needs.

Current (AC, DC)

By 2037, AC segment is expected to hold more than 9.2% residential switchgear market share, due to rapid urbanization, housing growth, and growing demand for energy-efficient and smart home electrification. Moreover, technological improvements in materials, design, and manufacturing processes and stringent government initiatives for electrical safety and energy conservation has resulted in segment growth.

Our in-depth analysis of the residential switchgear market includes the following segments