There are provided a coating material for electrical equipment, a method for manufacturing a coating material for electrical equipment, and a closed insulating device, capable of suppressing floating and moving around of foreign substances in electrical equipment. A coating material for electrical equipment 20 in an embodiment includes: a matrix resin 50 composed of an epoxy resin; a first filler 10 dispersedly contained in the matrix resin 50 and composed of whiskers having a semiconductive specific volume resistivity; a second filler 30 dispersedly contained in the matrix resin 50 and composed of particles having a semiconductive specific volume resistivity; and a third filler 40 dispersedly contained in the matrix resin 50 and composed of a planar, fibrous, or lamellar substance having insulating properties.