Global Gas Insulated Switchgear Market Size, Share & Industry Trends Analysis Report By Installation, By Voltage, By Configuration (Hybrid, Isolated Phase, Integrated Three Phase, and Compact GIS), By Insulation Type, By End-User, By Regional Outlook and

Global Gas Insulated Switchgear Market Size, Share & Industry Trends Analysis Report By Installation, By Voltage, By Configuration (Hybrid, Isolated Phase, Integrated Three Phase, and Compact GIS), By Insulation Type, By End-User, By Regional Outlook and Forecast, 2022 – 2028

The Global Gas Insulated Switchgear Market size is expected to reach $33.9 billion by 2028, rising at a market growth of 6.3% CAGR during the forecast period.

The term gas insulated switchgear (GIS) designates a small metal cabinet that houses high-voltage parts. SF6 gas is employed as insulation between the live elements of the equipment and the earthed metal enclosure, and all of the electrical switchgear's components are encased in gas-tight metal enclosures. This helps with circuit breaking and vacuuming in the electrical system, which is used to insulate it.

Fuse, switch, and circuit breaker combined to form switchgear in an electrical power system. The foremost duties of switchgear include isolating, controlling, and preserving and protecting electrical equipment. This can be connected directly to the reliability of the power source. By disassociating the system in the event of unfavorable conditions, it protects the distribution mechanism while facilitating energy transfer and the incorporation of power-producing units into the grid.

GIS is more reliable, versatile, and environmentally friendly than the conventional air-insulated switchgear and requires less maintenance. They are typically erected on the expansions of industrial plants, offshore platforms, and roofs. The range of GIS is 12 KV circuits to 800 KV systems. This kind of SF6 electrically isolated switchgear is essential for building electrical substations in small spaces.

COVID-19 Impact Analysis

The COVID-19 outbreak resulted in a number of lockdowns, which in turn caused the worldwide economic recession. Due to the lockdown, many production facilities and ongoing projects were stalled and bore fiscal losses as well as the adverse impact of COVID-19. Throughout the pandemic, producers are unable to produce SF6, which further delayed the creation of gas-insulated switchgear. All ongoing projects involving GIS implementation were severely affected as a result of the shortage of SF6. Because of lower discretionary expenditure, the industrial and commercial sectors also slowed down, which hamper the market for gas-insulated switchgear (GIS).

Market Growth Factor

Increasing Development and Demand of Renewable Energy

The growth of renewable energy is being fueled by numerous government subsidies in more than 130 nations, aggressive net-zero goals set by nations, and increased solar PV and wind competitiveness. New immediate objectives, such as achieving 1,200 GW of combined renewable energy capacity by 2030, have been inspired by China's commitment to becoming carbon neutral by 2060. According to projections, the increase of renewable power in the European Union will exceed what the current National Energy and Climate Plans (NECPs) provide for in 2030.

Numerous Advantages Would Propagate Its General Use

GIS has numerous benefits over a regular substation. First, compared to conventional open substation equipment, GIS has a failure rate that is an order of magnitude lower, and its maintenance cycle can be prolonged. The typical GIS Substation maintenance cycle is about 10 years, with the longest possible interval being 20 to 25 years. The placement of GIS hardware is simple. Typically, it is constructed at the factory and then delivered directly to the location; no further assembly is required. As a result, GIS equipment has become a staple of substation electrical systems and this has made the gas insulated switchgear market a major industry.

Market Restraining Factor

GIS Are More Expensive Than Traditional or Air-Insulated Switchgear

The cost of purchasing is increased by capital expenditure (CAPEX), the production process, and the use of expensive components such as switching elements, circuit breakers, and transformers that must be worked inside a chamber filled with a dielectric gas. As a result of storing everything in one chamber, the equipment's price increased. Cost is more expensive than for conventional substations. It is important to take precautions to prevent dust from getting into the main compartments and causing flashovers.

Installation Outlook

Based on installations, the gas insulated switchgear market is bifurcated into indoor and outdoor. The outdoor segment dominated the gas insulated switchgear market with the highest revenue share in 2021. Construction of outdoor switchgear is not as difficult as that of inside substations, but it does take up a lot of space. In this aspect, installing electric switchgear is less expensive. There are two types of outdoor substations: foundation-mounted substations and pole-mounted substations.

Voltage Rating Outlook

Based on voltage ratings, the gas insulated switchgear market is categorized into up to 36 kV, 37 to 73 kV, 74 to 220 kV, and above 220 kV. The up to 36 kV segment procured a promising revenue share in the gas insulated switchgear market in 2021. Most home, industrial, and commercial applications can make use of low voltage. Low voltage can be used in domestic applications to supply plugs, lighting, heating, and home appliances. The wiring in a normal home is in the conventional range of 100 to 240 VAC.

Configuration Outlook

On the basis of configurations, the gas insulated switchgear market is segmented into hybrid, isolated phase, integrated three phase, and compact GIS. The hybrid segment garnered the highest revenue share in the gas insulated switchgear market in 2021. The configuration's features are the cause of the increasing demand. The three-position disconnection and earthing switch on hybrid gas-insulated switchgear make it safe and small. Hybrid gas-insulated switchgear is not only small but it can be quickly installed on-site.

Insulation Type Outlook

On the basis of insulation types, the gas insulated switchgear market is divided into SF6 and SF6 free. The SF6 free segment acquired a substantial revenue share in the gas insulated switchgear market in 2021. The gases that can be used in ecologically friendly electric power equipment must meet certain criteria. They should not have any or very little toxicity, ozone depletion, or global warming effects, and they must still be gaseous at very low temperatures

End-User Outlook

Based on end users, the gas insulated switchgear market is classified into power transmission utilities, power distribution utilities, power generation utilities, railways & metros, industries & OEM, and commercial. The railways & metros segment acquired a promising revenue share in the gas insulated switchgear market in 2021. Many companies provide solutions for rail traction power supplies, metal-enclosed DC switchgear, and gas-insulated railway switchgear.

Regional Outlook

On the basis of region, the gas insulated switchgear market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region dominated the gas insulated switchgear market with the highest revenue share in 2021. After the lockdown restrictions were lifted and the manufacturing and industrial sectors in the area fully resumed operations, the energy consumption significantly decreased but has since recovered. Additionally, the region's population growth puts more strain mostly on housing infrastructure and will force economies to concentrate on developing public housing infrastructure.

The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Hitachi, Ltd., General Electric (GE) Co. and Siemens AG are the forerunners in the Gas Insulated Switchgear Market. Companies such as ABB Group, Schneider Electric SE and Mitsubishi Electric Corporation are some of the key innovators in Gas Insulated Switchgear Market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Schneider Electric SE, General Electric (GE) Co., Siemens AG, Eaton Corporation, Mitsubishi Electric Corporation, Hitachi, Ltd., Fuji Electric Co., Ltd., Powell Industries, Inc. and Hyundai Electric and Energy Systems Co., Ltd.

Recent Strategies deployed in Gas Insulated Switchgear Market

Partnerships, Collaborations and Agreements:

Aug-2022: Hitachi Energy collaborated with Schneider Electric, the leader in the digital transformation of energy management and automation. Through this collaboration, the companies aimed to provide enhanced customer value and expedite the energy transition. The companies also expected this collaboration to increase benefits for customers through their operational life cycle by adding a more wholesome offering, a fortified supply chain, and enhanced efficiencies.

Jun-2021: Mitsubishi Electric signed a Memorandum of Understanding (MoU) with Siemens Energy, one of the world's leading energy technology companies. Under this MoU, the companies agreed to conduct feasibility research on the joint development of high-voltage switching products with zero global warming potential (GWP) that would displace greenhouse gases with potable air for insulation.

Apr-2021: Hitachi ABB Power Grids formed an agreement with Grid Solutions, a French wind turbine maker division of GE Renewable Energy. From this agreement, the companies agreed to share intellectual property meant for their respective SF6-free solutions. This agreement helped with increasing the utilization of fluoronitrile-based eco-efficient insulation and switching gas in high-voltage devices as an alternative to SF6.

Acquisitions, Mergers and Joint Ventures:

Dec-2021: Hitachi Energy formed a joint venture with Arteche, a developer of equipment and solutions for the electric power industry, including generation, transmission, and distribution. This joint venture started under the name Arteche Hitachi Energy Instrument Transformers S.L and its governance and operations would be guided by a new independent management board in which both companies had equal representation.

Jan-2020: Siemens acquired C&S Electric, a New Delhi-based leading provider of electrical and electronic equipment for infrastructure, power generation, transmission, and distribution. Through this acquisition, Siemens strengthened its position as a prominent supplier of low-voltage power distribution and electrical implementation technology in the world’s rapidly growing economy.

Product Launches and Product Expansions:

Jun-2022: Schneider Electric unveiled GM AirSeT, SF6-free medium-voltage switchgear at Hannover Messe. The GM AirSeT is green and digital elementary GIS innovation for electrical networks and other applications in industrial buildings and critical infrastructure.

Mar-2022: Grid Solutions launched a 420 kV, 63 kA g3 gas-insulated substation (GIS) circuit-breaker prototype. The product was a first for the world and established a historical milestone for the power sector as it enabled utility companies to expedite the decarbonization of electrical grids.

Aug-2021: Hitachi introduced EconiQ, an eco-efficient high-voltage gas-insulated switchgear. EconiQ is developed as a 420-kilovolt GIS and it happens to be the world’s first commercial option for a traditional SF6 transmission network. The product's high-voltage switchgear and breakers engage no sulfur hexafluoride (SF6), a greenhouse gas, and have shown to significantly decrease carbon footprint during the complete lifecycle.

Jul-2021: Hitachi unveiled a totally prefabricated containerized gas-insulated substation for Linde, an industrial gas company. The prefabricated containerized substations move assembly, installation, and testing to integration yards instead of the customer’s site, from where the work would be done ahead of delivery. This brought huge advantages for customers in terms of carbon footprint while enabling them to reduce time, costs, and risks.

Apr-2021: Mitsubishi Electric Power Products launched a 245kV variant for its gas insulated switchgear (GIS). The 245kV GIS proved to be an important addition to Mitsubishi's portfolio and added quantifiable value for its customers. Mitsubishi's GIS provides essential reliability that aided customers in streamlining project schedules, increasing device life cycles, decreasing operation, and maintenance expenses, and ensuring ongoing RoI.

Oct-2020: ABB introduced PrimeGear ZX0, a GIS that has a low carbon footprint and enhanced reliability. With this product, ABB aided in the sustainable electrification initiative. The product has been developed with the thought of increasing urbanization and facilitating space-saving innovations in mind.

Scope of the Study

Market Segments covered in the Report:

By Installation

• Outdoor
• Indoor

By Voltage Rating

• Above 220 kV
• Up to 36 kV
• 37 to 73 kV
• 74 to 220 kV

By Configuration

• Hybrid
• Isolated Phase
• Integrated Three Phase
• Compact GIS

By Insulation Type

• SF6
• SF6 Free

By End-User

• Power Transmission Utilities
• Power Distribution Utilities
• Power Generation Utilities
• Railways & Metros
• Industries & OEM
• Commercial

By Geography

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled

• ABB Group
• Schneider Electric SE
• General Electric (GE) Co.
• Siemens AG
• Eaton Corporation
• Mitsubishi Electric Corporation
• Hitachi, Ltd.
• Fuji Electric Co., Ltd.
• Powell Industries, Inc.
• Hyundai Electric and Energy Systems Co., Ltd.

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