Gas Insulated Switchgear Market by Installations (Indoor, Outdoor), Voltage Ratings (37 to 73 kV, 74 to 220 kV, Above 220 kV), Configuration, End User - Global Forecast 2024-2030

Gas Insulated Switchgear Market by Installations (Indoor, Outdoor), Voltage Ratings (37 to 73 kV, 74 to 220 kV, Above 220 kV), Configuration, End User - Global Forecast 2024-2030

The Gas Insulated Switchgear Market size was estimated at USD 25.15 billion in 2023 and expected to reach USD 26.64 billion in 2024, at a CAGR 6.19% to reach USD 38.31 billion by 2030.

A gas insulated switchgear (GIS) is a specific type of electrical switchyard equipment designed to moderate or regulate voltage levels in an electrical power system. An effective gas insulation mechanism is typically used to eliminate the probability of electrical outages caused by atmospheric conditions or short circuit scenarios. Gas-insulated switchgear, known for its high reliability and compact nature, is most widely used in sectors that demand robust and efficient power supply systems, such as the manufacturing, energy, utilities, and infrastructural domains. Its end-use varies from essential industrial plants and utility networks to big infrastructure projects. This switchgear with higher power capacity ratings is also in rising demand for use in high-voltage transmission networks, further driving its market value. The GIS class of switchgear is highly compact, requiring considerably less space than traditional air-insulated switchgear (AIS), making them especially beneficial in urban areas where space is often limited. The expansion of this market is due to the rising need for efficient power transmission systems globally, expanding infrastructure development coupled with rapid urbanization, and growing investments in renewable energy projects. However, the GIS market faces potential challenges. A significant obstruction is the high cost attached to installation and associated infrastructure that may deter potential users, particularly in economically restrained regions. Moreover, the availability of alternative technologies, such as air-insulated switchgear and hybrid switchgear, pose formidable constraints. On the other hand, the GIS market presents many opportunities. The burgeoning trend of smart grids and the rising wave of digitization opens up new opportunities for AI-driven, digital GIS systems, unleashing a wide array of potential business avenues.

Regional Insights



The United States represents a promising opportunity for GIS with the frequent upgrade of grid infrastructure and a growing focus on renewable power generation. In Canada, the abundant availability of renewable resources coupled with stringent emission norms is driving the demand for GIS. The innovations in GIS are crucial in attracting investment and fostering a favorable business environment. Furthermore, countries such as Canada and the U.S. have set goals to reduce their greenhouse gas emissions, which is expected to spur the market. The EMEA region indicates an increasing need for GIS due to massive investments in energy and industrial sectors. European countries are shifting towards sustainable energy, increasing the need for innovative, robust, versatile switchgear technologies such as GIS. The African continent portrays potential growth owing to increasing urbanization, whereas the Middle East shows a steady demand because of substantial expansion in the industrial and utility sectors. In APAC, China's urbanization process and constant upgrade of electric infrastructure in high-density cities contribute to the high demand for gas-insulated switchgear. Standards and regulations implemented by the Chinese government to reduce greenhouse emissions heighten the appeal for eco-friendly and space-saving solutions like GIS. Moreover, countries in the APAC region are heavily investing in smart grid projects and are focusing on renewable sources for power generation, thus driving the demand for GIS. In addition, the region is witnessing substantial growth owing to technological advancement and numerous research initiatives by leading market players.

Market Insights



Market Dynamics



The market dynamics represent an ever-changing landscape of the Gas Insulated Switchgear Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers


Expanding infrastructure development coupled with rapid urbanization
Rising need for efficient power transmission systems globally
Growing investments in renewable energy projects

Market Restraints


High initial cost associated with gas insulated switchgear

Market Opportunities


Ongoing technological advancements in gas insulated switchgear technology
Growing focus on smart grid infrastructure development worldwide

Market Challenges


Availability of alternate technologies

Market Segmentation Analysis


Installations: Growing installation of gas insulated switchgear in indoor settings
Voltage Ratings: Increasing usage of 220 kV voltage range gas insulated switchgear in power utilities
Configuration: Rising preference for hybrid gas insulated switchgear structure
End-User: Expanding application of gas insulated switchgear in Industrial settings

Market Disruption Analysis


Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix



The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Gas Insulated Switchgear Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis



The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Gas Insulated Switchgear Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments




Berlin's Nuventura raises €25M for SF6-free switchgear technologies

Berlin-based company Nuventura has successfully raised €25 million in Series A funding to expand its SF6-free switchgear technologies. This significant funding round was led by Mirova's impact private equity fund and included both new and existing investors. Nuventura plans to utilize this investment to further develop its product portfolio and explore international manufacturing opportunities. Mirova is excited to support Nuventura's team in their mission to decarbonize the energy industry.


GE and L&T to provide GIS substations for Saudi’s largest green hydrogen plant

GE Grid Solutions has been awarded a contract by Larsen & Toubro to supply three 380 kV T155 gas-insulated switchgear (GIS) substations for Saudi Arabia's largest green hydrogen plant. This project is part of NEOM Green Hydrogen Company's initiative to produce carbon-free hydrogen using wind and solar power, with a target capacity of up to 600 tonnes per day by 2026. GE Grid Solutions will be responsible for the design, manufacturing, supply, installation, and commissioning of 92 bays of GIS required for the plant.


Toshiba Company Introduced 72.5 KV SF6 Free Gas Insulated Switchgear With The Brand AEROXIA

Toshiba has introduced AEROXIATM, a SF6-free switchgear that operates using natural gas and a vacuum circuit breaker. This product is being expanded to comply with environmental regulations governing the use of SF6 gas in electric power equipment in Europe, North America, and other regions. The AEROXIATM SF6-free natural gas solution contributes to achieving Net Zero Emissions by 2050.

Strategy Analysis & Recommendation



The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Gas Insulated Switchgear Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles



The report delves into recent significant developments in the Gas Insulated Switchgear Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., ALSTOM Holdings, Bharat Heavy Electricals Limited, CG Power & Industrial Solutions Ltd. by Murugappa Group, CHINT Group Co., Ltd., Chung-Hsin Electric and Machinery Manufacturing Corp., Eaton Corporation PLC, Fuji Electric Co., Ltd., General Electric Company, Hitachi, Ltd., Hyosung Heavy Industries, Hyundai Electric & Energy Systems Co., Ltd., ILJIN Electric, Meidensha Corporation, Mitsubishi Electric Corporation, Nissin Electric Co., Ltd., Powell Industries, Inc., Schneider Electric SE, SEL S.p.A., Siemens AG, and Sumitomo Electric Industries, Ltd..

Market Segmentation & Coverage



This research report categorizes the Gas Insulated Switchgear Market to forecast the revenues and analyze trends in each of the following sub-markets:

Installations
Indoor
Outdoor
Voltage Ratings
37 to 73 kV
74 to 220 kV
Above 220 kV
Up to 36 kV
Configuration
Hybrid
Integrated Three-phase
Isolated Phase
End User
Commercial & Residential
Industrial
Power Utilities
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year