Gas Insulated Switchgear Market Size Worth $ 44,895.99 Million by 2032 | CAGR: 6.7%

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.

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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

Gas Insulated Switchgear Market Report Scope