Summary

Gas Insulated Switchgear Market Size
The global gas insulated switchgear market size was valued at $25.30 billion in 2024 and is projected to reach $36.50 billion by 2030, growing at a CAGR of 6.3% during the forecast period.

Gas Insulated Switchgear Market Overview
Gas insulated switchgear (GIS) is a sophisticated electrical substation system designed to control and protect high-voltage circuits. Unlike traditional air-insulated switchgear, GIS utilizes sulfur hexafluoride (SF6) gas as an insulating medium within metal-enclosed modules. These modules contain all the necessary components for switching, disconnecting, and protecting electrical circuits, effectively minimizing the physical footprint of the substation while ensuring reliable operation. GIS offers several advantages over conventional switchgear, including higher reliability, reduced maintenance requirements, and enhanced safety due to its enclosed design, making it a preferred choice for high-density urban areas or locations with space constraints.

Gas Insulated Switchgear Market Dynamics
• The gas insulated switchgear market is expected to witness significant growth in the future due to increasing demand for reliable electricity supply and growing focus on modernizing aging power infrastructure.
• Additionally, the rising investments in renewable energy projects and stringent regulations promoting eco-friendly switchgear solutions are the prominent factors driving the growth of the gas insulated switchgear market.
• However, the high initial investment costs and environmental concerns regarding SF6 gas emissions are restraining the market growth.
• On the contrary, the expansion of smart grid initiatives, integration of GIS with digital technologies for enhanced monitoring and control, and development of compact and eco-friendly SF6 alternatives are creating opportunities for market growth.

By Installation, the Indoor Segment is projected to be the Largest Segment in the Gas Insulated Switchgear Market
The indoor segment emerges as the largest segment in the gas insulated switchgear market during the forecast period. The need for reliable and efficient electricity distribution within indoor environments such as substations, industrial facilities, and commercial buildings has driven the adoption of GIS. Its compact design and enclosed structure make it ideal for installation in confined spaces, allowing for efficient utilization of real estate while ensuring robust electrical performance. Additionally, the increasing emphasis on safety and environmental concerns has propelled the shift towards GIS, as its sealed construction minimizes the risk of electrical faults and reduces the release of sulfur hexafluoride (SF6) gas, a potent greenhouse gas. Furthermore, advancements in GIS technology have led to improved operational efficiency, reduced maintenance requirements, and enhanced safety features, further fueling its demand in indoor installations. As industries and infrastructure continue to evolve, the demand for GIS in indoor settings is expected to persist, driven by the imperative for reliable and sustainable electrical solutions.

By Geography, Asia Pacific Region Holds the Dominant Position in the Market Revenue
Asia Pacific region maintains a commanding lead in market revenue due to the stringent government regulations aimed at improving energy efficiency, reducing carbon emissions, and enhancing grid reliability. Moreover, the region's increasing investments in renewable energy projects, such as solar and wind power, have further fueled the demand for GIS, as it facilitates the integration and efficient transmission of intermittent renewable energy sources into the grid. Furthermore, the ongoing focus on enhancing grid resilience and mitigating the impact of natural disasters, such as typhoons and earthquakes, has led utilities and infrastructure developers to prioritize the deployment of GIS, known for its robustness and reliability in harsh environmental conditions. As a result, the Asia Pacific region is witnessing a substantial uptick in GIS deployment across various industries and applications, driving significant growth in the market.

Key Target Audience:
• Manufacturers of Gas Insulated Switchgear (GIS)
• Utilities and Power Generation Companies
• Transmission and Distribution System Operators
• Engineering, Procurement, and Construction (EPC) Contractors
• Government Regulatory Agencies and Energy Authorities
• Research and Development Institutions
• Consulting and Engineering Firms

List of the Key Players Profiled in the Report Includes:
• ABB
• General Electric
• Siemens
• Schneider Electric
• Mitsubishi Electric
• Eaton Corporation
• Hitachi
• Hyundai Electric
• Fuji Electric
• Toshiba Energy Systems & Solutions Corporation
• Hyosung Heavy Industries
• CG Power and Industrial Solutions
• Nissin Electric

Recent Developments:
• In May 2024, Siemens India announced its intention to invest Rs 519 crore in expanding its gas-insulated switchgear factory situated in Goa and its metro train manufacturing facility in Aurangabad. The plan entails increasing the capacity of the gas-insulated switchgear factory by approximately 23%, enabling the production of around 22,000 feeders from its Ring Main Unit and 1,500 panels from its medium-voltage gas-insulated switchgear manufacturing unit. The expansion will be carried out in phases over a three-year period, starting from 2024-25, and will be financed through the company's internal accruals, as stated in a press release by Siemens.
• In February 2024, ABB India unveiled its new cutting-edge facility in Nashik, effectively doubling its production capacity for Gas Insulated Switchgear (GIS). This state-of-the-art factory is dedicated to the manufacturing of both primary and secondary GIS units, catering to a diverse range of industries. Its clientele spans across sectors such as power distribution, smart cities, data centers, transportation (metro, railways), tunnels, ports, highways, and other infrastructural projects.

Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Insulation Type:
• SF6
• SF6- free

Market by, Configuration:
• Compact GIS
• Hybrid
• Integrated Three-phase
• Isolated Phase

Market by, Installation:
• Indoor
• Outdoor

Market by, End User:
• Aftermarket
• Commercial & Institutional
• Data Centers
• Electrical Utilities
• Industrial

Market by, Geography:
The gas insulated switchgear market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

Scope of the Report:
The report “Global Gas Insulated Switchgear Market: Industry Analysis, Opportunities and Forecast up to 2030” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

The report offers insights into the following aspects:
• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.

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Table of Contents

1 Market Introduction
1.1 Market Definition
1.2 Research Scope and Segmentation
1.3 Stakeholders
1.4 List of Abbreviations

2 Executive Summary

3 Research Methodology
3.1 Identification of Data
3.2 Data Analysis
3.3 Verification
3.4 Data Sources
3.5 Assumptions

4 Market Dynamics
4.1 Market Drivers
4.2 Market Restraints
4.3 Market Opportunities
4.4 Market Challenges


5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market

6 Global Gas Insulated Switchgear Market by, Insulation Type
6.1 Overview
6.2 SF6
6.3 SF6- free

7 Global Gas Insulated Switchgear Market by, Configuration
7.1 Overview
7.2 Compact GIS
7.3 Hybrid
7.4 Integrated Three-phase
7.5 Isolated Phase

8 Global Gas Insulated Switchgear Market by, Installation
8.1 Overview
8.2 Indoor
8.3 Outdoor

9 Global Gas Insulated Switchgear Market by, End User
9.1 Overview
9.2 Aftermarket
9.3 Commercial & Institutional
9.4 Data Centers
9.5 Electrical Utilities
9.6 Industrial

10 Global Gas Insulated Switchgear Market by, Geography
10.1 Overview
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 France
10.3.3 UK
10.3.4 Italy
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 South Korea
10.4.5 Australia
10.4.6 New Zealand
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 UAE
10.6.2 Saudi Arabia
10.6.3 Qatar
10.6.4 Iran
10.6.5 South Africa
10.6.6 Rest of Middle East & Africa

11 Key Developments

12 Company Profiling
12.1 ABB
12.1.1 Business Overview
12.1.2 Product/Service Offering
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Activities
12.2 General Electric
12.3 Siemens
12.4 Schneider Electric
12.5 Mitsubishi Electric
12.6 Eaton Corporation
12.7 Hitachi
12.8 Hyundai Electric
12.9 Fuji Electric
12.10 Toshiba Energy Systems & Solutions Corporation
12.11 Hyosung Heavy Industries
12.12 CG Power and Industrial Solutions
12.13 Nissin Electric