Gas Insulated Switchgear Market Share, Size, Trends, Industry Analysis Report, By Installations (Indoor, And Outdoor); By Configuration; By End-Use; By Insulation; By Region; Segment Forecast, 2024- 2032

Gas Insulated Switchgear Market Share, Size, Trends, Industry Analysis Report, By Installations (Indoor, And Outdoor); By Configuration; By End-Use; By Insulation; By Region; Segment Forecast, 2024- 2032

The global gas insulated switchgear market size is expected to reach USD 44,895.99 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, And Outdoor); By Configuration; By End-Use; By Insulation; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The increasing demand for energy and the need for reliable and efficient transmission and distribution networks have driven significant investment in the power industry. The development of innovative smart grid infrastructure and the adoption of advanced technologies such as Gas insulated Switchgear (GIS) have become essential to meet these demands. However, the high cost of GIS procurement remains a significant challenge.

One of the primary drivers of investment in transmission and distribution networks is the growing demand for electricity. With the increasing population and urbanization, the demand for electricity is expected to rise rapidly, particularly in emerging economies. The deployment of new transmission and distribution infrastructure is necessary to meet this growing demand. Moreover, government initiatives aimed at improving the reliability and efficiency of power networks have also been driving investment in transmission and distribution infrastructure. For instance, governments around the world are promoting the deployment of smart grid technologies to reduce energy waste, improve reliability, and enhance the integration of renewable energy sources.

To meet these demands, the power industry has been investing in innovative smart grid infrastructure that integrates advanced technologies such as GIS. GIS is a high-voltage switchgear that uses gas as an insulating medium. It offers several advantages over traditional air-insulated switchgear, including a smaller footprint, higher reliability, and lower maintenance costs. The demand for GIS is expected to rise in the coming years due to its numerous advantages over traditional switchgear. The development of new and improved GIS technologies that are more cost-effective and easier to install and maintain could also drive wider adoption.

Furthermore, the COVID-19 pandemic has highlighted the importance of resilience and adaptability in the energy sector, including the use of GIS. GIS, with its compact design and high reliability, has been a preferred choice for power utilities to ensure reliable and efficient power distribution and transmission. The pandemic has reinforced the need for resilient power infrastructure that can withstand disruptions and ensure uninterrupted power supply in challenging situations.

Gas Insulated Switchgear Market Report Highlights

In 2023, the outdoor GIS segment accounted for the largest market share in the automotive ceramics market. power distribution utilities

The power distribution utilities segment is expected to grow at the fastest CAGR during the forecast period. As the use of renewable sources increases, the existing infrastructure needs to be upgraded to accommodate the integration of electricity from these sources.

In 2023, Asia Pacific dominated the largest market. Additionally, increasing awareness about the environmental benefits of GIS, such as its low carbon footprint and minimal maintenance requirements, is driving investments in this technology.

North America is expected to grow at the fastest CAGR in automotive gas insulated switchgear market. The efficacy of voltage control enhances as feeder length is cut down and as a result of short feeders. Thus, the increasing demand for electricity is rising the market growth.

The global key market players are Alstom, Bharat Heavy Electricals Limited, CG Power & Industrial Solutions Ltd., EATON, ABB, Mitsubishi Electric Corporation, L&T Electrical & Automation (E&A), MEIDENSHA CORPORATION, Nissin Electric Co., Ltd., Ormazabal, Fuji Electric Co., Ltd., General Electric, Hitachi Energy Ltd., HD Hyundai Electric, Schneider Electric, Siemens.

Polaris Market Research has segmented the gas insulated switchgear market repair report based on installations, configuration, end-use, insulation, and region.

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

Indoor

Outdoor

Gas Insulated Switchgear, Configuration 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

Industrial & OEM

Commercial

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

SF6

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

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

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Australia

Rest of Asia Pacific

Latin America

Argentina

Brazil

Mexico

Rest of Latin America

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa

Rest of Middle East & Africa