Europe HV Gas Insulated Switchgear (GIS) Market Size - By Capacity (72.5 kV, 145 kV, 245 kV, 275 kV, 300 kV, 400 kV, 500 kV, 765 kV), By Application (Offshore Wind) & Forecast, 2023 - 2032

Europe HV Gas Insulated Switchgear (GIS) Market Size - By Capacity (72.5 kV, 145 kV, 245 kV, 275 kV, 300 kV, 400 kV, 500 kV, 765 kV), By Application (Offshore Wind) & Forecast, 2023 - 2032

Europe HV Gas Insulated Switchgear (GIS) Market is predicted to observe more than 8.9% CAGR from 2023 to 2032 owing to the surging demand for reliable and efficient power distribution systems. The growing emphasis on sustainable energy infrastructure serves as a driving force propelling the market forward.

In April 2023, CINEA launched new call for proposals for key cross-border EU energy infrastructure projects. These projects are expected to be co-financed through grants worth nearly USD 820 million from the EU budget. The deployment of HV GIS solutions stands as a key enabler for grid modernization initiatives, enhancing grid reliability and minimizing transmission losses, thereby contributing to the overarching goals of energy efficiency and sustainability.

Europe HV gas insulated switchgear (GIS) market is classified based on capacity, application, and region.

The 145 kV capacity segment is anticipated to record strong CAGR from 2023 to 2032 as energy demands escalate and grid complexities intensify. This particular capacity caters to the evolving needs of the energy landscape, providing a critical interface for seamless power transmission across diverse applications. The versatility and efficiency offered by 145 kV GIS solutions position them as instrumental components in the evolving energy infrastructure, ensuring a reliable and resilient grid system for the future.

France HV gas insulated switchgear market is expected to grow significantly through 2032 as the country propels towards a greener and more sustainable energy landscape. The emphasis on renewable energy integration and the modernization of existing grid infrastructure drives the adoption of HV GIS technology in France. A robust combination of technological innovation, regulatory support, and a strong commitment to environmental sustainability, make France a focal point for HV GIS development and deployment.

The United Kingdom HV GIS market will generate massive revenues over 2023-2032 owing to the growing need for grid reliability. Factors such as the integration of renewable energy sources, electrification of transportation, and the increasing complexity of energy networks are influencing the development of the UK region. HV GIS solutions help in enhancing the resilience of the UK grid, ensuring a secure and stable supply of electricity. As the UK charts its course towards a net-zero future, the adoption of advanced HV GIS technologies becomes imperative for the nation's energy transition journey.