Gas Insulated Power Equipment Market Forecasts to 2030 – Global Analysis By Type (Gas Insulated Switchgear (GIS), Gas Insulated Transmission Lines (GIL), Gas Insulated Circuit Breaker (GICB), Gas Insulated Transformer (GIT), Gas Insulated Busbars and Othe

Gas Insulated Power Equipment Market Forecasts to 2030 – Global Analysis By Type (Gas Insulated Switchgear (GIS), Gas Insulated Transmission Lines (GIL), Gas Insulated Circuit Breaker (GICB), Gas Insulated Transformer (GIT), Gas Insulated Busbars and Other Types), Installation, Voltage Rating, Application, End User and By Geography


According to Stratistics MRC, the Global Gas Insulated Power Equipment Market is accounted for $37.43 billion in 2024 and is expected to reach $78.77 billion by 2030 growing at a CAGR of 13.2% during the forecast period. Gas insulated power equipment refers to a type of electrical substation or switchgear system where the conductors and other active components are insulated by sulfur hexafluoride (SF6) gas. This gas acts as both an insulating medium and an arc-quenching agent, allowing for compact and efficient design. Gas insulated equipment offers advantages such as higher reliability, reduced maintenance requirements, and improved safety compared to conventional air-insulated alternatives.

According to the Powergrid Corporation of India, equipment such as gas insulated substations for the Thrissur-Pugalur HVDC line was supplied by factories in India as a part of the Make In India Program.

Market Dynamics:

Driver:

Rapid urbanization and industrialization

Rapid urbanization and industrialization drive the demand for reliable and efficient electricity distribution systems. Gas insulated power equipment, such as switchgear and transformers, offer compactness, safety, and high performance, making them ideal for densely populated urban areas and industrial settings. Their ability to withstand harsh environmental conditions and their lower maintenance requirements further contribute to their appeal. As urban populations grow and industrial activities expand, the need for such equipment increases, propelling the growth of the gas insulated power equipment market.

Restraint:

Limited adoption in rural areas

Rural areas often lack the necessary infrastructure and resources to support the installation and maintenance of such advanced equipment. Additionally, the lower population density in rural regions reduces the demand for electricity transmission and distribution systems, diminishing the market potential for gas insulated power equipment. Consequently, the market growth is hampered as rural areas remain underpenetrated, restricting the overall market reach and revenue generation opportunities.

Opportunity:

Rising investments in renewable energy

The increasing investments in renewable energy sources like wind and solar are driving the expansion of the gas insulated power equipment. This growth is fuelled by the need for efficient transmission and distribution infrastructure to support the integration of renewable energy into the grid. Gas insulated power equipment offers advantages such as compactness, high reliability, and reduced maintenance requirements, making it well-suited for accommodating the growing renewable energy capacity. As the demand for reliable and efficient energy transmission grows, so does the market for gas insulated power equipment.

Threat:

Concerns over SF6 gas

The main concerns over SF6 gas stem from its potent greenhouse gas properties, contributing significantly to global warming. Its long atmospheric lifespan and high global warming potential raise environmental and regulatory concerns, prompting efforts to find more sustainable alternatives. In the gas insulated power equipment market, reliance on SF6 hampers growth due to environmental regulations and increasing pressure to adopt eco-friendly solutions.

Covid-19 Impact

The gas insulated power equipment market experienced fluctuations due to covid-19. Initially, disruptions in supply chains and construction activities led to a slowdown. However, increased demand for reliable electricity infrastructure and the need for remote monitoring solutions boosted market growth. Additionally, the emphasis on renewable energy integration and grid modernization projects further drove market expansion, mitigating the pandemic's adverse effects to some extent.

The gas insulated busbars segment is expected to be the largest during the forecast period

The gas insulated busbars segment is estimated to have a lucrative growth. GIBs are a crucial component of high-voltage power transmission and distribution systems, offering compactness, safety, and reliability. By encapsulating conductors within a gas-insulated metal enclosure, GIBs minimize space requirements and reduce the risk of electrical faults. Their ability to handle high currents and voltages efficiently makes them indispensable in substations and industrial applications, contributing to improved power infrastructure performance and reliability.

The commercial segment is expected to have the highest CAGR during the forecast period

The commercial segment is anticipated to witness the highest CAGR growth during the forecast period. Gas insulated power equipment, such as switchgear and transformers, finds extensive use in commercial applications due to its compact design and reliable performance. By encapsulating components within a gas-insulated metal enclosure, these systems offer enhanced safety and space-saving advantages, making them ideal for densely populated areas and urban environments. Additionally, their ability to withstand harsh environmental conditions makes them suitable for various commercial applications, ensuring stable and uninterrupted power supply.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period due to increasing energy demand, urbanization, and industrialization. Key players are investing in research and development to enhance product efficiency and reliability. China, Japan, and India are among the leading markets in the region due to extensive infrastructural development initiatives. The market is expected to witness continued expansion fuelled by ongoing technological advancements and government initiatives promoting clean energy.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to escalating demand for reliable power supply, grid modernization initiatives, and stringent environmental regulations. The region's strong focus on renewable energy integration and the replacement of aging infrastructure are also contributing to market growth. Key players are investing in research and development to offer innovative solutions, enhancing the competitiveness of the market in North America.

Key players in the market

Some of the key players profiled in the Gas Insulated Power Equipment Market include ABB Limited, Siemens AG, General Electric Company, Mitsubishi Electric Corporation, Schneider Electric SE, Toshiba Corporation, Hitachi Limited, Hyundai Heavy Industries Corporation, Larsen & Toubro Limited (L&T), Fuji Electric Corporation, Nissin Electric Corporation, Arteche, Crompton Greaves Limited, Meidensha Corporation and Xi'an XD High Voltage Apparatus Corporation.

Key Developments:

In February 2024, ABB India inaugurated its new state-of-the-art factory in Nashik, doubling its Gas Insulated Switchgear (GIS) production capacity. This factory will manufacture primary and secondary GIS. It will serve customers across various industries including power distribution, smart cities, data centers, transport (metro, railways), tunnels, ports, highways and other infrastructural developments.

In March 2022, GE Renewable Energy’s Grid Solutions (NYSE-GE) unveiled the world’s first 420 kV, 63 kA g³ gas-insulated substation (GIS) circuit-breaker1 prototype. The development of GE’s 420 kV g3 circuit-breaker is a historical milestone for the power industry as it will allow utilities to accelerate the decarbonization of their electrical grids

Types Covered:
• Gas Insulated Switchgear (GIS)
• Gas Insulated Transmission Lines (GIL)
• Gas Insulated Circuit Breaker (GICB)
• Gas Insulated Transformer (GIT)
• Gas Insulated Busbars
• Other Types

Installations Covered:
• Indoor
• Outdoor

Voltage Ratings Covered:
• Medium Voltage (Up To 36 kV)
• High Voltage (36 kV - 150 kV)
• Extra High Voltage (Above 150 kV)

Applications Covered:
• High-Voltage Alternating Current (HVAC)
• High-Voltage Direct Current (HVDC)

End Users Covered:
• Power Utilities
• Industrial
• Commercial
• Residential
• Transportation
• Telecommunication Sector
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Gas Insulated Power Equipment Market, By Type
5.1 Introduction
5.2 Gas Insulated Switchgear (GIS)
5.3 Gas Insulated Transmission Lines (GIL)
5.4 Gas Insulated Circuit Breaker (GICB)
5.5 Gas Insulated Transformer (GIT)
5.6 Gas Insulated Busbars
5.7 Other Types
6 Global Gas Insulated Power Equipment Market, By Installation
6.1 Introduction
6.2 Indoor
6.3 Outdoor
7 Global Gas Insulated Power Equipment Market, By Voltage Rating
7.1 Introduction
7.2 Medium Voltage (Up To 36 kV)
7.3 High Voltage (36 kV - 150 kV)
7.4 Extra High Voltage (Above 150 kV)
8 Global Gas Insulated Power Equipment Market, By Application
8.1 Introduction
8.2 High-Voltage Alternating Current (HVAC)
8.3 High-Voltage Direct Current (HVDC)
9 Global Gas Insulated Power Equipment Market, By End User
9.1 Introduction
9.2 Power Utilities
9.3 Industrial
9.4 Commercial
9.5 Residential
9.6 Transportation
9.7 Telecommunication Sector
9.8 Other End Users
10 Global Gas Insulated Power Equipment Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 ABB Limited
12.2 Siemens AG
12.3 General Electric Company
12.4 Mitsubishi Electric Corporation
12.5 Schneider Electric SE
12.6 Toshiba Corporation
12.7 Hitachi Limited
12.8 Hyundai Heavy Industries Corporation
12.9 Larsen & Toubro Limited (L&T)
12.10 Fuji Electric Corporation
12.11 Nissin Electric Corporation
12.12 Arteche
12.13 Crompton Greaves Limited
12.14 Meidensha Corporation
12.15 Xi'an XD High Voltage Apparatus Corporation
List of Tables
Table 1 Global Gas Insulated Power Equipment Market Outlook, By Region (2022-2030) ($MN)
Table 2 Global Gas Insulated Power Equipment Market Outlook, By Type (2022-2030) ($MN)
Table 3 Global Gas Insulated Power Equipment Market Outlook, By Gas Insulated Switchgear (GIS) (2022-2030) ($MN)
Table 4 Global Gas Insulated Power Equipment Market Outlook, By Gas Insulated Transmission Lines (GIL) (2022-2030) ($MN)
Table 5 Global Gas Insulated Power Equipment Market Outlook, By Gas Insulated Circuit Breaker (GICB) (2022-2030) ($MN)
Table 6 Global Gas Insulated Power Equipment Market Outlook, By Gas Insulated Transformer (GIT) (2022-2030) ($MN)
Table 7 Global Gas Insulated Power Equipment Market Outlook, By Gas Insulated Busbars (2022-2030) ($MN)
Table 8 Global Gas Insulated Power Equipment Market Outlook, By Other Types (2022-2030) ($MN)
Table 9 Global Gas Insulated Power Equipment Market Outlook, By Installation (2022-2030) ($MN)
Table 10 Global Gas Insulated Power Equipment Market Outlook, By Indoor (2022-2030) ($MN)
Table 11 Global Gas Insulated Power Equipment Market Outlook, By Outdoor (2022-2030) ($MN)
Table 12 Global Gas Insulated Power Equipment Market Outlook, By Voltage Rating (2022-2030) ($MN)
Table 13 Global Gas Insulated Power Equipment Market Outlook, By Medium Voltage (Up To 36 kV) (2022-2030) ($MN)
Table 14 Global Gas Insulated Power Equipment Market Outlook, By High Voltage (36 kV - 150 kV) (2022-2030) ($MN)
Table 15 Global Gas Insulated Power Equipment Market Outlook, By Extra High Voltage (Above 150 kV) (2022-2030) ($MN)
Table 16 Global Gas Insulated Power Equipment Market Outlook, By Application (2022-2030) ($MN)
Table 17 Global Gas Insulated Power Equipment Market Outlook, By High-Voltage Alternating Current (HVAC) (2022-2030) ($MN)
Table 18 Global Gas Insulated Power Equipment Market Outlook, By High-Voltage Direct Current (HVDC) (2022-2030) ($MN)
Table 19 Global Gas Insulated Power Equipment Market Outlook, By End User (2022-2030) ($MN)
Table 20 Global Gas Insulated Power Equipment Market Outlook, By Power Utilities (2022-2030) ($MN)
Table 21 Global Gas Insulated Power Equipment Market Outlook, By Industrial (2022-2030) ($MN)
Table 22 Global Gas Insulated Power Equipment Market Outlook, By Commercial (2022-2030) ($MN)
Table 23 Global Gas Insulated Power Equipment Market Outlook, By Residential (2022-2030) ($MN)
Table 24 Global Gas Insulated Power Equipment Market Outlook, By Transportation (2022-2030) ($MN)
Table 25 Global Gas Insulated Power Equipment Market Outlook, By Telecommunication Sector (2022-2030) ($MN)
Table 26 Global Gas Insulated Power Equipment Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings