Gas Insulated Switchgears

Gas Insulated Switchgears

Global Gas Insulated Switchgears Market to Reach US$39.3 Billion by 2030

The global market for Gas Insulated Switchgears estimated at US$21.9 Billion in the year 2023, is expected to reach US$39.3 Billion by 2030, growing at a CAGR of 8.7% over the analysis period 2023-2030. SF6 Gas Insulated Switchgears, one of the segments analyzed in the report, is expected to record a 6.9% CAGR and reach US$20.8 Billion by the end of the analysis period. Growth in the SF6-Free Gas Insulated Switchgears segment is estimated at 11.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$4.0 Billion While China is Forecast to Grow at 10.4% CAGR

The Gas Insulated Switchgears market in the U.S. is estimated at US$4.0 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.0 Billion by the year 2030 trailing a CAGR of 10.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.1% and 7.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.0% CAGR.

Global Gas Insulated Switchgears Market - Key Trends & Drivers Summarized

Gas Insulated Switchgears (GIS) are compact, high-voltage switchgear systems that use sulfur hexafluoride (SF6) gas as an insulating medium. GIS are integral to modern electrical substations and power distribution networks, offering several advantages over traditional air-insulated switchgear systems, such as reduced space requirements, enhanced reliability, and improved safety. These systems are particularly valuable in urban areas and industrial settings where space is at a premium and environmental conditions may be challenging. GIS technology supports various configurations and voltage levels, making it adaptable for different applications, from substations in densely populated cities to renewable energy integration.

The adoption of GIS technology is driven by the increasing demand for reliable and efficient power distribution systems. As urbanization accelerates and electricity consumption rises, the need for compact and robust electrical infrastructure becomes more critical. GIS systems offer superior performance under adverse environmental conditions, such as high humidity, pollution, and seismic activity, making them suitable for a wide range of geographical locations. Technological advancements, including the development of eco-efficient alternatives to SF6 gas and improvements in switchgear design, are further enhancing the appeal of GIS. Additionally, the integration of digital monitoring and control systems in GIS is enabling smarter grid operations and predictive maintenance.

The growth in the Gas Insulated Switchgears market is driven by several factors. Firstly, the rapid urbanization and increasing electricity demand are necessitating the development of compact and efficient power distribution systems. Secondly, the superior performance and reliability of GIS in challenging environmental conditions are driving their adoption in diverse applications. Thirdly, advancements in eco-efficient insulating gases and digital technologies are making GIS more sustainable and intelligent. Lastly, the ongoing expansion of renewable energy projects is creating new opportunities for GIS installations, as these systems are crucial for integrating renewable sources into the grid. These factors collectively contribute to the robust growth of the GIS market.

Select Competitors (Total 81 Featured) -

• ABB Ltd.
• Eaton Corporation PLC
• Allis Electric Co., Ltd.
• Chung-Hsin Electric and Machinery Manufacturing Corp. (CHEM)
• AZZ, Inc.
• BGR Energy Systems Ltd.
• Bowers Electricals Ltd.
• Emirates Transformer & Switchgear Ltd.
• BRUSH Switchgear
• C&S Electric Ltd.
• Chint Group
• Elektrofabriken I Malmo AB
• CG Power and Industrial Solutions Ltd.
• Daqo Group Co., Ltd.
• Beijing Sojo Electric

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.