The latest report by IMARC Group, titled “Gas Insulated Switchgear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global gas insulated switchgear market size reached US$ 25.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 38.0 Billion by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.
Gas Insulated Switchgear (GIS) is a specialized electrical apparatus used to regulate, control, and protect high-voltage power systems. It employs a compact design by encapsulating the active components within metal enclosures filled with insulating gas, usually sulfur hexafluoride (SF6). It enhances safety by preventing internal arcing and offers space-saving advantages compared to conventional air-insulated switchgear. Its sealed design mitigates environmental factors, ensuring reliable performance and reduced maintenance requirements. As a result, GIS finds extensive applications in various industries, including power generation, transmission, and distribution, and in substations and industrial plants across the globe.
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Gas Insulated Switchgear Market Trends and Drivers:
The global gas-insulated switchgear market is primarily driven by the increasing demand for reliable and efficient power distribution solutions, especially in urban areas with space constraints. Moreover, the escalating need to modernize aging power infrastructure, enhance grid stability, and minimize energy losses has catalyzed market growth. Additionally, the shifting consumer preferences from traditional air-insulated switchgear to GIS due to the implementation of stringent environmental regulations advocating for reduced greenhouse gas emissions, as it significantly reduces the risk of SF6 leakage, is propelling the market growth. Furthermore, the integration of renewable energy sources into the grid that necessitates advanced switchgear technology to accommodate the intermittent nature of these sources and maintain grid reliability is contributing to market growth.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- ABB
- Alstom
- Benchmarking
- Bharat Heavy Electricals Limited
- Eaton Corporation
- General Electric Company
- Hitachi, Larsen & Toubro
- Meidensha
- Mitsubishi Electric
- Powell Industries
- Schneider Electric
- Siemens
- Toshiba International Corporation
Explore full report with table of contents: https://www.imarcgroup.com/gas-insulated-switchgear-market
The report has segmented the market on the basis of Product Type, End-User and Region.
Breakup by Type:
- High Voltage GIS
- Medium Voltage GIS
- Low Voltage GIS
Breakup by Installation:
- Indoor
- Outdoor
Breakup by Technology:
- Hybrid Switchgear
- Integrated Three Phase
- Compact Gas Insulated Switchgear
Breakup by Voltage:
- <38 kV
- 38 kV to 72 kV
- 73 kV to 150 kV
- > 150 kV
Breakup by End-Use Sector:
- Power Transmission
- Power Distribution
- Power Generation
- Infrastructure and Transportation
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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