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Market Snapshot

CAGR:6.87

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	6.87

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Report Overview

Gas-insulated Switchgear Market Analysis By Application (Power Transmission, Integration of Renewable Energy Sources, Industry & OEMs, Infrastructure & Transportation), By Voltage (Up to 36 kV, 36-72.5 kV, 72.5-145 kV, 145-252 kV, Above 252 kV), and By Region Forecast to 2032:

The Gas-insulated Switchgear Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the increasing demand for reliable electrical infrastructure, the integration of renewable energy sources into the grid, and the need for efficient power transmission and distribution.

Gas-insulated Switchgear Market Overview:

Drivers:

One of the primary drivers fueling the growth of the Gas-insulated Switchgear Market is the growing demand for power transmission and distribution infrastructure. As urbanization and industrialization continue to expand, there is an increasing need for reliable and efficient electrical networks. Gas-insulated switchgear (GIS) solutions offer compact and robust alternatives for substations and electrical grids, reducing land requirements and enhancing system reliability.

Furthermore, the integration of renewable energy sources into the grid is driving the adoption of GIS. Renewable energy installations, such as wind and solar farms, require advanced grid infrastructure to connect and distribute power. GIS technology enables efficient handling of variable renewable energy inputs and enhances grid stability.

Trends:

An emerging trend shaping the Gas-insulated Switchgear Market is the adoption of GIS in the transportation and infrastructure sectors. GIS systems are being used in urban transportation networks, railway systems, and smart cities to ensure reliable power supply, reduce environmental impact, and improve operational efficiency.

Additionally, the development of eco-friendly SF6 alternatives for GIS is positively impacting market growth. SF6 is commonly used as an insulating gas in GIS, but it has a high global warming potential. The industry is exploring alternatives with lower environmental impacts, such as dry air and synthetic gases.

Restraints:

One of the key challenges hindering the growth of the Gas-insulated Switchgear Market is the high initial capital investment required for GIS installations. The cost of GIS equipment, including the switchgear, control systems, and associated infrastructure, can be substantial. This cost can limit adoption, especially in regions with budget constraints.

Furthermore, the availability of skilled technicians and engineers for GIS maintenance and operations is a potential restraint. GIS systems require specialized knowledge for installation, maintenance, and troubleshooting, which may be a limiting factor in some areas.

Gas-insulated Switchgear Market Segmentation By Application:

Power Transmission: GIS systems play a crucial role in transmitting electrical power efficiently and reliably over long distances.
Integration of Renewable Energy Sources: GIS technology facilitates the integration of renewable energy sources into the electrical grid.
Industry & OEMs: Industrial facilities and original equipment manufacturers (OEMs) utilize GIS for reliable power distribution.
Infrastructure & Transportation: GIS is used in infrastructure projects and transportation networks to ensure continuous power supply.

Gas-insulated Switchgear Market Segmentation By Voltage:

Up to 36 kV: GIS solutions designed for low voltage applications.
36-72.5 kV: GIS systems suitable for medium voltage power distribution.
72.5-145 kV: GIS technology for medium to high voltage applications.
145-252 kV: GIS solutions designed for high voltage power transmission.
Above 252 kV: High voltage GIS systems for large-scale applications.

Regional Overview:

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North America is poised to be a key contributor to the global Gas-insulated Switchgear Market, accounting for approximately 38% of the market's growth during the forecast period. The region's focus on grid modernization and the integration of renewable energy sources drives the demand for GIS solutions. Additionally, stringent environmental regulations are encouraging the adoption of eco-friendly GIS alternatives.

Asia-Pacific is another significant region in the market, with rapid urbanization and industrialization driving the need for reliable electrical infrastructure. The region's commitment to expanding its power generation and distribution capabilities supports GIS adoption.

Gas-insulated Switchgear Market Customer Landscape:

The Gas-insulated Switchgear Market report encompasses the customer adoption lifecycle, ranging from early adopters to mainstream users. It delves into adoption rates across different regions based on penetration and includes key purchase criteria and price sensitivity drivers to assist companies in formulating effective growth strategies.

Major Gas-insulated Switchgear Market Companies:

Companies in the gas-insulated switchgear market are employing diverse strategies such as research and development, partnerships, mergers, acquisitions, and product/service launches to strengthen their market presence.

Example companies include:

Siemens AG: Siemens offers a wide range of GIS solutions for various applications, including power transmission, industry, and infrastructure.
ABB Group: ABB provides advanced GIS technology for efficient power distribution and transmission.
Schneider Electric SE: Schneider Electric offers GIS systems designed to enhance grid reliability and sustainability.

The competitive landscape analysis in the report provides insights into 20 key market players, including:

Eaton Corporation
Hyosung Corporation
Toshiba Corporation
Mitsubishi Electric Corporation
Fuji Electric Co., Ltd.
Meidensha Corporation
Nissin Electric Co., Ltd.
L&T Electrical & Automation
Bharat Heavy Electricals Limited (BHEL)
Ormazabal

Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on focus, dominance, and strength.

Segment Overview:

The Gas-insulated Switchgear Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032):

Power Transmission
Integration of Renewable Energy Sources
Industry & OEMs
Infrastructure & Transportation

Voltage Outlook (USD Million, 2019 - 2032):

Up to 36 kV
36-72.5 kV
72.5-145 kV
145-252 kV
Above 252 kV

Geography Outlook (USD Million, 2019 - 2032):

North America

United States
Canada

Europe

United Kingdom
Germany
France
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

United Arab Emirates
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL GAS-INSULATED SWITCHGEAR MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. GAS-INSULATED SWITCHGEAR MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Gas-insulated Switchgear Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. GAS-INSULATED SWITCHGEAR MARKET BY Insulation Type INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. SF6

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. SF6-free

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. GAS-INSULATED SWITCHGEAR MARKET BY Installation INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. Indoor

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. Outdoor

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. GAS-INSULATED SWITCHGEAR MARKET REGIONAL OUTLOOK

7.1. Gas-insulated Switchgear Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Gas-insulated Switchgear Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Gas-insulated Switchgear Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Gas-insulated Switchgear Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Gas-insulated Switchgear Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Gas-insulated Switchgear Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Gas-insulated Switchgear Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Gas-insulated Switchgear Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Gas-insulated Switchgear Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Gas-insulated Switchgear Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Gas-insulated Switchgear Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Gas-insulated Switchgear Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Gas-insulated Switchgear Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Gas-insulated Switchgear Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Gas-insulated Switchgear Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Gas-insulated Switchgear Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Gas-insulated Switchgear Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Gas-insulated Switchgear Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Gas-insulated Switchgear Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Gas-insulated Switchgear Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Gas-insulated Switchgear Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Gas-insulated Switchgear Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Gas-insulated Switchgear Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Gas-insulated Switchgear Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Gas-insulated Switchgear Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Gas-insulated Switchgear Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Gas-insulated Switchgear Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Gas-insulated Switchgear Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Gas-insulated Switchgear Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Gas-insulated Switchgear Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Gas-insulated Switchgear Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Gas-insulated Switchgear Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Gas-insulated Switchgear Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Gas-insulated Switchgear Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Gas-insulated Switchgear Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Gas-insulated Switchgear Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Gas-insulated Switchgear Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Gas-insulated Switchgear Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Gas-insulated Switchgear Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Gas-insulated Switchgear Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Gas-insulated Switchgear Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Gas-insulated Switchgear Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Gas-insulated Switchgear Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Gas-insulated Switchgear Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Gas-insulated Switchgear Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Gas-insulated Switchgear Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Gas-insulated Switchgear Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Gas-insulated Switchgear Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Gas-insulated Switchgear Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Gas-insulated Switchgear Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Gas-insulated Switchgear Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Gas-insulated Switchgear Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Gas-insulated Switchgear Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Gas-insulated Switchgear Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Gas-insulated Switchgear Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Gas-insulated Switchgear Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Gas-insulated Switchgear Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Gas-insulated Switchgear Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. ABB (Switzerland)

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2. Schneider Electric (France)

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3. Siemens (Germany)

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4. Eaton Corporation (Ireland)

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5. General Electric (US)

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6. Hitachi (Japan)

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7. Mitsubishi Electric (Japan)

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8. Fuji Electric (Japan)

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9. Nissin Electric (Japan)

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Gas Insulated Switchgear Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032