USD 23.33 Billion
Gas Insulated Switchgear Market Size, Share, Growth Analysis, By Voltage Level (Medium Voltage, High Voltage), By Installation (Indoor, Outdoor), By Application (Transmission & Distribution, Manufacturing & Processing), By Region -Industry Forecast 2025-2032
Report ID:
SQMIG20D2272 |
Region:
Global |
Published Date: January, 2025
Pages:
196
|Tables:
120
|Figures:
68
Gas Insulated Switchgear Market Insights
Global Gas Insulated Switchgear Market size was valued at USD 23.33 Billion in 2023 and is poised to grow from USD 25.19 Billion in 2024 to USD 46.63 Billion by 2032, growing at a CAGR of 8% in the forecast period (2025-2032).
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 - (2025-2032)
Global Market Size
Largest Segment
Indoor
Fastest Growth
Outdoor
Growth Rate
8% CAGR
Global Gas Insulated Switchgear Market ($ Bn)
Country Share for North America Region (%)
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Gas Insulated Switchgear Market Segments Analysis
The gas insulated switchgear market is segmented by capacity, installation, voltage level, application, regions. Based on capacity, the market is segmented into < 38 kV, > 38 kV to ≤ 72 kV, > 72 kV to ≤ 150 kV, > 150 kV. Based on installation, the market is segmented as, indoor, outdoor. Based on voltage level, the market is segmented into primary distribution, secondary distribution, high voltage, medium voltage. Based on application, the market is segmented into transmission & distribution, manufacturing & processing, infrastructure & transportation, power generation, others. Based on region, the market is segmented into North America, Asia-Pacific, Europe, Latin America, Middle East and Africa.
Analysis by Voltage Level
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.
Analysis by Installation
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.
Global Gas Insulated Switchgear Market By Installation (%)
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Gas Insulated Switchgear Market Regional Insights
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.
Global Gas Insulated Switchgear Market By Geography
- Largest
- Fastest
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Gas Insulated Switchgear Market Dynamics
Drivers
- High Voltage Segment to Augment Growth of Gas Insulated Substations Industry
The excessive voltage section is witnessing significant growth and is anticipated to account for a major percentage inside the enterprise within the forecast period. This may be attributed to the benefits supplied via gas insulated substations running on high voltage, including safety for the grid infrastructure and stepped forward reliability.
- Increasing Demand for Energy Efficient Systems
Growing infrastructure and the demand for energy efficient electrical systems. This can be attributed to the increasing demand for energy and the increasing use of automobiles, electric appliances and appliances worldwide. Another factor driving the growth of the industry is that small-scale anaerobic sites are environmentally friendly and increasing environmental concerns.
Restraints
- High Start-up Costs
Procurement costs increase in terms of capital expenditure (CAPEX), manufacturing process and the use of expensive components, including transformers and switching elements that must be operated inside an enclosure filled with a dielectric gas. The Intergovernmental Panel on Climate Change (IPCC) has listed SF6 gas as the most harmful GHG. Currently, there is no nearby alternative that can perform as well as SF6 gas. Thus, high procurement costs coupled with a stringent policy against SF6 gas will restrain the growth of this market during the forecast period.
- Complex Installation and Maintenance
GIS installation requires specialized knowledge in planning, configuration and maintenance. Complex GIS systems can increase installation and maintenance costs. Additionally, finding skilled personnel to operate and maintain GIS can be a challenge in some areas. GIS systems often use sulfur hexafluoride (SF6) gas as an insulator, and SF6 is a potent greenhouse gas with the potential to cause significant global warming. Environmental concerns and increasing regulation regarding SF6 emissions may affect the adoption of GIS, leading to a shift towards other technologies.
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Gas Insulated Switchgear Market Competitive Landscape
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.
Top Player’s Company Profiles
- ABB
- Eaton
- Schneider Electric
- LS ELECTRIC Co., Ltd.
- Toshiba Energy Systems & Solutions Corporation
- Ormazabal
- GE
- Mitsubishi Electric Corporation
- Hitachi Energy Ltd.
- Fuji Electric Co., Ltd
- NISSIN ELECTRIC Co., Ltd.
Recent Developments
- In March 2022, GE Renewable Energy's Grid Solutions unveiled the world's first 420 kV, 63 kA sf6-free gas-insulated substation (GIS) circuit-breaker prototype to a group of major transmission companies throughout Europe.
- In September 2021, National Grid awarded Lynxon a six-year, GBP 1 billion contract to lay cables to South London via a 32km deep underground tunnel. Lynxon will design, deliver, install and install networks route on two existing National Grid substation sites, among others.
- In September 2021, GE Renewable Energy’s grid solution business was awarded the contract to manufacture Sweden’s first SF6 free gas-insulated switchgear. The GIS will be based at the Vattenfall Eldistribution AB Lindhov substation in Tumba, about 25 km from Stockholm.
Gas Insulated Switchgear Key Market Trends
- Shift Toward SF6-Free Insulation for Environmental Sustainability: A major factor in the gas insulated switchgear market trend is the shift towards SF6-free insulation technology due to the environmental impact of sulfur hexafluoride (SF6) commonly used in switchgear. Companies' leaders such as Siemens, ABB and Schneider Electric invest heavily in research to develop more sustainable alternatives to SF6, where air that is not environmentally friendly such as cleaner air or Using AirPlus. This trend is due to strong regulatory pressures to reduce carbon emissions, especially in Europe and North America.
- Increasing Demand for Compact and Modular GIS Solutions in Urban Areas: With increasing urbanization and the need for efficient spatial management, compact and modularized GIS systems are becoming increasingly popular. Compact GIS systems offer more robust capabilities in smaller footprints, ideal for dense urban areas and loading zones where space is limited. Mitsubishi Electric and Hitachi Energy are leading this trend, developing modular GIS systems allowing flexible installation in restricted areas.
Gas Insulated Switchgear Market SkyQuest Analysis
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 2023 | USD 23.33 Billion |
| Market size value in 2032 | USD 46.63 Billion |
| Growth Rate | 8% |
| Base year | 2024 |
| Forecast period | (2025-2032) |
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Gas Insulated Switchgear Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Gas Insulated Switchgear Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
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.
Analyst Support
Customization Options
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.
Regional Analysis: Further analysis of the Gas Insulated Switchgear Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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