Gas Insulated Switchgear Market Share, Size, Trends, Industry Analysis Report, By Installations (Indoor, Outdoor); By Configurations; By End-Use; By Insulation; By Voltage Ratings; By Region, And Segment Forecasts, 2023-2032

Gas Insulated Switchgear Market Share, Size, Trends, Industry Analysis Report, By Installations (Indoor, Outdoor); By Configurations; By End-Use; By Insulation; By Voltage Ratings; By Region, And Segment Forecasts, 2023-2032

The global gas insulated switchgear market size is expected to reach USD 44,896.0 million by 2032, according to a new study by Polaris Market Research. The report “Gas Insulated Switchgear Market Share, Size, Trends, Industry Analysis Report, By Installations (Indoor, Outdoor); By Configurations; By End-Use; By Insulation; By Voltage Ratings; By Region, And Segment Forecasts, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Gas Insulated Switchgear (GIS) is a high-voltage substation equipment used in electrical power systems. It is designed to control, protect, and isolate electrical equipment in a sealed environment using insulating gas, typically sulfur hexafluoride (SF6). GIS consists of several interconnected components such as circuit breakers, disconnectors, current transformers, voltage transformers, and busbars, all housed in metal-enclosed modules filled with SF6 gas.

The primary purpose of GIS is to efficiently transmit and distribute electrical power at high voltage levels while ensuring the safety and reliability of the power grid. It offers numerous advantages over traditional air-insulated switchgear (AIS). GIS systems are highly compact, requiring significantly less space than AIS, making them suitable for installation in urban areas and locations with limited space availability. The sealed enclosure of GIS prevents contact between electrical components and the external environment, minimizing the risk of electrical faults, accidents, and fire hazards.

The increasing energy demand across industrial, commercial, and residential sectors, coupled with the expansion of energy infrastructure, is anticipated to drive the growing demand for gas-insulated switchgear (GIS). The need to meet the rising energy requirements of various sectors necessitates the efficient transmission and distribution of electricity, which can be achieved by deploying GIS. As a result, GIS is expected to play a crucial role in facilitating the reliable and effective delivery of power and supporting the growth and development of energy systems worldwide.

The market growth is propelled by rapid urbanization and the increasing adoption of Internet of Things (IoT) devices for home and smart building automation, which consume significant amounts of energy. The need to monitor and optimize energy usage for automation drives the demand for energy management solutions and contributes to market expansion. Additionally, the market is bolstered by the growing emphasis on optimizing energy consumption by adopting renewable energy resources. Installing solar panels and other renewable energy systems further supports the market's growth by enabling more sustainable and efficient energy utilization.

The COVID-19 pandemic adversely affected market growth due to raw material shortages, delayed production of gas-insulated components, and disrupted supply chains. Furthermore, global lockdown measures halted numerous industrial and commercial projects, further impeding market growth.

Its cost-effectiveness and high reliability drive the adoption of GIS by various end-use industries. However, the market growth is hindered by the high equipment costs associated with GIS and the environmental impact of Sulphur hexafluoride emissions. Government regulations imposing stringent environmental and safety standards act as a restraint on the market's expansion.

Gas Insulated Switchgear Market Report Highlights

In 2022, the outdoor segment held the highest market share due to the increased demand and adoption of outdoor GIS solutions and are preferred in situations with ample space available for installation, such as substations and switchyards.

In 2022, the hybrid configuration expected to witness the fastest growth in the gas-insulated switchgear (GIS) market. The compact size of hybrid switchgear makes it suitable for installations in areas with limited space availability. It allows for efficient space utilization, making hybrid switchgear an attractive option for various applications.

Asia Pacific is expected to dominate gas-insulated switchgear (GIS) market growth over the forecast period. The countries of APAC are experiencing rapid urbanization, industrialization, and infrastructural development, due to an increased demand for reliable and efficient power transmission and distribution systems.

North America is witnessing significant growth in renewable energy generation, including wind, solar, and hydroelectric power. GIS technology enables efficient integration and management of renewable energy sources into the grid, facilitating the transition to a clean energy future. As the renewable energy sector expands, the demand for GIS systems in North America is expected to grow.

Polaris Market Research has segmented gas insulated switchgear market report based on installations, configurations, end-use, insulation, voltage ratings, and region:

Gas Insulated Switchgear, Installations Outlook (Revenue - USD Million, 2019-2032)

Indoor

Outdoor

Gas Insulated Switchgear, Configurations Outlook (Revenue - USD Million, 2019-2032)

Hybrid

Isolated Phase

Integrated Three Phases

Compact GIS

Gas Insulated Switchgear, End-Use Outlook (Revenue - USD Million, 2019-2032)

Power Transmission Utilities

Power Distribution Utilities

Power Generation Utilities

Railways & Metros

Industries & OEM

Commercial

Gas Insulated Switchgear, Insulation Outlook (Revenue - USD Million, 2019-2032)

SF6

SF6 Free

Gas Insulated Switchgear, Voltage Ratings Outlook (Revenue - USD Million, 2019-2032)

SF6 By Voltage

Up to 72.5kV

72.5kV - 145kV

145kV - 170kV

170kV - 245kV

245kV - 300kV

300kV - 420kV

420kV - 550kV

550kV - 800kV

800kV - 1100kV

Above 1100kV

SF6 Free By Voltage

Up to 17.5 kV

17.5kV - 24kV

Gas Insulated Switchgear, Regional Outlook (Revenue - USD Million, 2019-2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Norway

Finland

Sweden

Iceland

Ukraine

Greece

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Austria

Singapore

Thailand

Vietnam

New Zealand

Latin America

Brazil

Mexico

Argentina

Chile

Columbia

Peru

Paraguay

Middle East & Africa

Saudi Arabia

UAE

Israel

South Africa

Kuwait

Qatar

Turkey

Egypt