Top Gas Insulated Switchgear Companies

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). 

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. 'ABB (Switzerland) ', 'Siemens Energy (Germany) ', 'GE Grid Solutions (USA) ', 'Hitachi Energy (Japan/Switzerland) ', 'Schneider Electric (France) ', 'Hyundai Electric (South Korea) ', 'Tavrida Electric (Russia) ', 'Nissin Electric Co., Ltd. (Japan) ', 'CG Power and Industrial Solutions Limited (India) ', 'Toshiba Energy Systems & Solutions Corporation (Japan) ', 'Zhejiang Pinggao Electric Co., Ltd. (China) ', 'Sieyuan Electric Co., Ltd. (China) ', 'Chint Group (China) ', 'Larsen & Toubro (India) ', 'Hyosung Heavy Industries (South Korea) ', 'Efacec (Portugal) ', 'LS Electric (South Korea) ', 'Arteche (Spain) '

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.

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.

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.