Gas Insulated Switchgear Market
Report ID: SQMIG20D2286
Report ID: SQMIG20D2286
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Report ID:
SQMIG20D2286 |
Region:
Global |
Published Date: January, 2025
Pages:
196
|Tables:
120
|Figures:
68
Global Gas Insulated Switchgear Market size was valued at USD 26.35 Billion in 2024 and is poised to grow from USD 28.7 Billion in 2025 to USD 56.77 Billion by 2033, growing at a CAGR of 8.9% during the forecast period (2026–2033).
Globally the market is predicted to increase significantly due to the factors such as the transformation of the power industry in terms of upgrading transmission and distribution networks, rising adoption of renewable energy-based power plants, etc. However, high equipment cost when compared to air-insulated switchgear, along with stringent environmental and safety regulations related to GIS, is likely to restrain the market growth during the forecast period.
The growing population and growing rate of urbanization are likely to increase the demand for energy across the globe. According to the United Nations report in 2018, about 55% of the world’s population lives in urban areas, which is projected to increase to 68% by 2050. The extensive population shifting to cities is increasing the demand for electricity. Moreover, enormous construction activities to build commercial spaces, business parks, and housing societies are set to spike power demand.
The gas insulated switchgear industry is expected to grow considerably over the forecast period, due to increased investment in transmission and distribution infrastructure and an increase in renewable power production.
Market snapshot - 2026-2033
Global Market Size
USD 24.2 billion
Largest Segment
Indoor
Fastest Growth
Outdoor
Growth Rate
8.9% CAGR
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Global Gas Insulated Switchgear Market is segmented by Installation Type, Insulation Type, Capacity, Voltage Level, Application and region. Based on Installation Type, the market is segmented into Outdoor and Indoor. Based on Insulation Type, the market is segmented into SF6 and SF6 Free. Based on Capacity, the market is segmented into ≤ 38 kV, > 38 kV to ≤ 72 kV, > 72 kV to ≤ 150 kV and > 150 kV. Based on Voltage Level, the market is segmented into Medium voltage and High voltage. Based on Application, the market is segmented into Transmission & distribution, Manufacturing & processing, Infrastructure & transportation, Power generation and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Medium voltage is the dominating segment in the gas insulated switchgear industry. One of the main advantages of GIS at medium intensity is its compact design. GIS technology allows for significant space savings compared to traditional radiation protection systems, making them suitable for installation in space-constrained environments. GIS technologies provide high levels of reliability and security features, making them ideally suited for critical applications in medium and high-energy environments. As mentioned earlier, the environmental impact of the shielding gas, both sulfur hexafluoride (SF6), should be considered in GIS with medium and upwards in Efforts are being made to address environmental concerns and explore new wind technologies to reduce greenhouse gas emissions.
As per gas insulated switchgear market outlook, the high voltage segment is the fastest growing. In summary, gas-insulated substations at high voltage are important components of the power system, playing an important role in efficient power transmission and distribution across different applications and power levels. MVGIS is commonly used for electricity distribution in urban and industrial areas. These substations are necessary to reduce the peak voltage from the transmission lines to a level suitable for local distribution. MV GIS helps reduce space requirements in densely populated areas, providing compact solutions for energy efficiency distribution.
As per gas insulated switchgear market forecast, the indoor segment is the dominating segment. It is compact in design, making it suitable in limited areas, such as urban areas or geographical areas. By installing a building or associated building, an indoor GIS is protected from the external environment, including temperature changes, humidity and pollution around. In urban settings or areas where visual aesthetics are important, internal GIS can be of great aesthetic interest because they are hidden from the public eye. Central Gas Insulated Switchgear (GIS) is particularly well-suited for urban and densely populated areas due to its compact design and efficient land usage.
On the other hand, outdoor is the fastest growing segment in the gas insulated switchgear industry which is intended to be installed in open areas and has a larger footprint compared to indoor GIS. This makes it easier to expand and access. Outdoor GIS is designed to withstand various environmental conditions, including extreme temperatures, humidity, and pollution. Typically used in utility applications where space is not a limiting factor, and large sub-facilities need to transmit and distribute power over long distances. Outdoor GIS is often used in rural or remote areas where terrain is not a barrier.
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As per the gas insulated switchgear market outlook, North America is the dominating region in the market. The gas insulated switchgear market is predicted to gain traction due to growing information and communication facilities, telecom and processing industries in North America. Many companies purchase their substation for reliable and efficient power, adding a significant advantage to the market. The Gulf states are completely dominated by oil and gas companies that need reliable electricity. Companies in the oil and gas industry focus on increasing the transmission and distribution of electricity.
Asia Pacific is the largest and is expected to be the fastest growing market during the forecast period. Asia Pacific is one of the fastest growing regions in the world due to growing energy demand and electrification, rapid urbanization and industrialization, rising investments in renewable energy projects. Consequently, the demand for guaranteed electricity is high. To meet these demands, many countries are investing in renewable energy and transportation and distribution. According to the International Energy Agency (IEA), China, the most populous country in the world, apparently accounts for 36% of all global hydropower production and 40% of all global wind power in a year.
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High Voltage Segment to Augment Growth of Gas Insulated Substations Industry
Increasing Demand for Energy Efficient Systems
High Start-up Costs
Complex Installation and Maintenance
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The competitive scenario in the gas insulated switchgear market is characterized by a mix of established MNCs and regional players, focusing on innovation to drive energy efficiency, safety and reliability. Key players include Siemens AG, ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric SE, Hitachi Energy Ltd, which dominate the market on their own due to the products they have developed size, technical expertise and established relationships with supply chain suppliers. These leading companies constantly invest in R&D to improve GIS technology, meet the market demand for compact, environmentally friendly, high voltage switchgear solutions. For example, ABB and Siemens are working on new insulation technology reducing SF6 gas emissions, driven by expensive environmental regulations.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the gas insulated switchgear industry is based on urbanization, infrastructure development, spatial constraints, reliability and safety concerns, environmental regulations and increased energy requirements and growth. Increasing urbanization and infrastructure in developing countries is driving demand for more efficient substation solutions such as GIS. GIS systems are preferred in urban areas due to their compact design, which takes up less land compared to traditional air-conditioning systems (AIS). North America is investing in the enhancement of the overall performance of generation, transmission & distribution of electric power to avoid losses. The procurement cost increases in terms of capital expenditure (CAPEX), manufacturing process, and the use of expensive components, which includes transformers, switching elements, and a circuit breaker, that must be operated inside an enclosure filled with a dielectric gas.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 26.35 Billion |
| Market size value in 2033 | USD 56.77 Billion |
| Growth Rate | 8.9% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Gas Insulated Switchgear Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Gas Insulated Switchgear Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Gas Insulated Switchgear Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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