Global Gas Insulated Switchgear (GIS) Market Growth 2023-2029

Global Gas Insulated Switchgear (GIS) Market Growth 2023-2029

GIS is a kind of metal enclosed switchgear. That means, all the equipment of the electrical switchgear are enclosed by gas tight metal enclosure and SF6 gas is used as insulation between live parts of the equipment and earthed metal enclosure. For establishing electrical substation in very limited place this type of SF6 insulated electrical switchgear plays the major role.

LPI (LP Information)' newest research report, the “Gas Insulated Switchgear (GIS) Industry Forecast” looks at past sales and reviews total world Gas Insulated Switchgear (GIS) sales in 2022, providing a comprehensive analysis by region and market sector of projected Gas Insulated Switchgear (GIS) sales for 2023 through 2029. With Gas Insulated Switchgear (GIS) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Gas Insulated Switchgear (GIS) industry.

This Insight Report provides a comprehensive analysis of the global Gas Insulated Switchgear (GIS) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Gas Insulated Switchgear (GIS) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Gas Insulated Switchgear (GIS) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Gas Insulated Switchgear (GIS) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Gas Insulated Switchgear (GIS).

The global Gas Insulated Switchgear (GIS) market size is projected to grow from US$ 5097.7 million in 2022 to US$ 6589.2 million in 2029; it is expected to grow at a CAGR of 6589.2 from 2023 to 2029.

The Gas Insulated Switchgear (GIS) market is dominated by ABB, Siemens, GE, Hyosung Heavy Industries, Shandong Taikai, XD Electric, Sieyuan, etc. The top seven players account for about 45% of the market share.

China is the largest Gas Insulated Switchgear (GIS) market with about 40 percent market share, followed by Europe with about 30 percent.

This report presents a comprehensive overview, market shares, and growth opportunities of Gas Insulated Switchgear (GIS) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Up to 38 KV
38 KV to 72KV
72 KV to 150KV
Above 150 KV

Segmentation by application
Power Transmission
Integration to the Grid
Industry Applications

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
GE Grid Solutions
Siemens
Mitsubishi Electric
Toshiba
Fuji Electric
Hyundai
Eaton
Hyosung
Schneider Electric
Nissin Electric
Crompton Greaves
Xi’an XD High Voltage
NHVS
Shandong Taikai
Pinggao Electric Co., Ltd
Sieyuan Electric
CHINT Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Gas Insulated Switchgear (GIS) market?

What factors are driving Gas Insulated Switchgear (GIS) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Gas Insulated Switchgear (GIS) market opportunities vary by end market size?

How does Gas Insulated Switchgear (GIS) break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.