Global Gas Insulated Switchgear Market

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 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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FAQs

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).

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', '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.'

High Voltage Segment to Augment Growth of Gas Insulated Substations Industry

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.

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Global Gas Insulated Switchgear Market

Report ID: SQMIG20D2272

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