The global gas insulated switchgears market size is expected to grow at a significant CAGR of over 9% during the forecast period from 2022 to 2028. The stringent government regulations regarding carbon emission and the increasing investment in renewable energy are some major factors driving the market growth. Furthermore, the growing expansion of the electric grid coupled with the increasing rate of industrialization and growing urbanization is further expected to fuel the market growth over the forecast period. In addition, the innovation in environment-friendly alternatives of SF6 gas and the growing adoption of HVDC technology is expected to provide some new opportunities in the market.
Market Drivers:
Increasing demand for reliable and efficient electrical distribution: Gas-insulated switchgears offer high reliability, compactness, and improved performance compared to traditional air-insulated switchgears. They are widely used for electrical distribution in industries, utilities, and infrastructure projects. The increasing demand for reliable and efficient electrical distribution, especially in urban areas with limited space, drives the adoption of gas-insulated switchgears.
Growing focus on energy efficiency and grid reliability: With the increasing demand for electricity and the growing penetration of renewable energy sources, there is a greater emphasis on energy efficiency and grid reliability. Gas-insulated switchgears help optimize the electrical network by minimizing transmission and distribution losses, improving power quality, and enhancing grid stability. The ability of GIS to handle high voltages and currents efficiently contributes to its adoption in energy-efficient and reliable power systems.
Stringent regulations and standards for safety and environmental protection: Gas-insulated switchgears comply with stringent safety regulations and environmental standards. They use sulfur hexafluoride (SF6) gas, which has excellent electrical insulation properties and a low environmental impact when properly handled. The regulations and standards related to safety, environmental protection, and greenhouse gas emissions drive the adoption of gas-insulated switchgears as a preferred solution for electrical distribution.
Increasing investments in renewable energy infrastructure: The transition towards cleaner energy sources, such as wind and solar power, requires significant investments in renewable energy infrastructure. Gas-insulated switchgears play a vital role in integrating and transmitting renewable energy into the electrical grid. They enable efficient power transmission over long distances and help manage the intermittent nature of renewable energy generation. The increasing investments in renewable energy infrastructure drive the demand for gas-insulated switchgears.
Urbanization and infrastructure development: Rapid urbanization and infrastructure development in emerging economies result in increased electricity consumption and the need for reliable power distribution systems. Gas-insulated switchgears are well-suited for urban areas where space is limited and where high reliability and safety are essential. The expansion of urban infrastructure, including commercial buildings, residential complexes, and transportation networks, drives the demand for gas-insulated switchgears.
Upgradation of aging electrical infrastructure: Many countries are facing the challenge of aging electrical infrastructure and the need for its modernization. Gas-insulated switchgears offer a viable solution for upgrading and replacing outdated air-insulated switchgears with more compact and efficient systems. The ability of gas-insulated switchgears to enhance system performance, reduce maintenance requirements, and extend equipment life cycle supports their adoption in infrastructure upgradation projects.
Technological advancements in gas-insulated switchgear design: Continuous technological advancements have led to the development of innovative gas-insulated switchgear designs. Manufacturers are introducing compact and modular GIS solutions with improved insulation materials, optimized busbar designs, and advanced monitoring and control systems. These advancements enhance the reliability, safety, and functionality of gas-insulated switchgears, making them more attractive to end-users.
Increasing focus on smart grids and digitalization: The growing adoption of smart grid technologies and digitalization in the power sector creates opportunities for the deployment of advanced switchgear solutions. Gas-insulated switchgears can be integrated into smart grid systems, enabling remote monitoring, diagnostics, and control of the electrical network. The integration of gas-insulated switchgears into smart grid infrastructure supports grid optimization, load management, and the integration of distributed energy resources.
Market Snapshot:
| Benchmark Year | 2022 | ||
| Market Size | lock | ||
| Market Growth (CAGR) | > 9% (2023-2030) | ||
| Largest Market Share | Asia Pacific | ||
| Analysis Period | 2020-2030 | ||
| Market Players | ABB, Schneider Electric, Siemens, Eaton Corporation, and General Electric |
Market Insights:
The global gas insulated switchgears market is bifurcated into insulation type, installation, voltage, end-user, and geography. On the basis of insulation type, the market is further segmented into SF6 and SF6-free. The SF6 segment dominated the global market in 2021 and estimated to hold the largest revenue share of over half of the market by the end of the analysis period. On the flip side, the SF6-free segment is expected to register the fastest growth rate over the forecast period. The rising adoption of eco-friendly alternatives of SF6 is a primary factor to drive the segment growth over the forecast period.
On the basis of end-user, the global market is bifurcated into power transmission, power generation, power distribution, railways & metros, industries & OEM, and commercial. The power distribution utility segment is expected to register the highest growth rate of the global gas insulated switchgears market by 2028. The rapid growth in urbanization and the growing industrialization in developing economies are some major factors driving the segment growth. Furthermore, the stringent government regulations and the expansion of electricity distribution networks in rural areas are further anticipated to fuel the segment growth over the forecast period.
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The gas insulated switchgears comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.
The gas insulated switchgears market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.
Historical & Forecast Period
- 2019-20 – Historical Year
- 2021 – Base Year
- 2022-2028 – Forecast Period
Global Gas Insulated Switchgears Market Segmentation:
Gas Insulated Switchgears Market Segmentation by Insulation Type:
- SF6
- SF6-free
Gas Insulated Switchgears Market Segmentation by Installation:
- Indoor
- Outdoor
Gas Insulated Switchgears Market Segmentation by Voltage:
- Up to 36 kV
- Between 36 kV and 72.5 kV
- Between 72.5 kV and 220 kV
- Above 220 kV
Gas Insulated Switchgears Market Segmentation by End-User:
- Power Transmission Utility
- Power Generation Utility
- Power Distribution Utility
- Railways & Metros
- Industries & OEM
- Commercial
Gas Insulated Switchgears Market Segmentation by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Gas Insulated Switchgears Market: Geographic Coverage
Geographically, the Asia Pacific dominated the global gas insulated switchgear market in 2021 and is expected to hold the largest revenue share of around half of the market by the end of the analysis period. The region is also accounted to register the fastest growth rate over the forecast period. The continuous expansion of transmission and distribution networks in developing economies is a primary factor to drive the market growth in the region. Furthermore, the rapid growth in urbanization and the growing industrialization in developing economies are further expected to fuel the market growth in the Asia Pacific.
Gas Insulated Switchgears Market: Competitive Assessment
Some of the major market players operating in the global gas insulated switchgears market are ABB, Schneider Electric, Siemens, Eaton Corporation, and General Electric. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.
List of Key Companies:
- ABB
- Schneider Electric
- Siemens
- Eaton Corporation
- General Electric
- Toshiba Corp.
- Hitachi
- Mitsubishi Electric
- Fuji Electric
- Nissin Electric
Key Questions Answered by Gas Insulated Switchgear Market Report
- Global gas insulated switchgears market forecasts from 2022-2028
- Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
- Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
- Gas insulated switchgears submarket forecasts from 2022-2028 covering the market by insulation type, by installation, by voltage, by end-user, and geography
- Various industry models such as SWOT analysis, Value Chain Analysis about the market
- Analysis of the key factors driving and restraining the growth of the global, regional, and country-level gas insulated switchgears markets from 2022-2028
- Competitive Landscape and market positioning of top 10 players operating in the market
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions
2. Executive Summary
2.1. Global Gas Insulated Switchgears Market Portraiture
2.2. Global Gas Insulated Switchgears Market, by Insulation Type, 2021 (USD Mn)
2.3. Global Gas Insulated Switchgears Market, by Installation, 2021 (USD Mn)
2.4. Global Gas Insulated Switchgears Market, by Voltage, 2021 (USD Mn)
2.5. Global Gas Insulated Switchgears Market, by End-User, 2021 (USD Mn)
2.6. Global Gas Insulated Switchgears Market, by Geography, 2021 (USD Mn)
3. Global Gas Insulated Switchgears Market Analysis
3.1. Gas Insulated Switchgears Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis
4. Global Gas Insulated Switchgears Market By Insulation Type, 2019 – 2028 (USD Mn)
4.1. Overview
4.2. SF6
4.3. SF6-free
5. Global Gas Insulated Switchgears Market By Installation, 2019 – 2028 (USD Mn)
5.1. Overview
5.2. Indoor
5.3. Outdoor
6. Global Gas Insulated Switchgears Market By Voltage, 2019 – 2028 (USD Mn)
6.1. Overview
6.2. Up to 36 kV
6.3. Between 36 kV and 72.5 kV
6.4. Between 72.5 kV and 220 kV
6.5. Above 220 kV
7. Global Gas Insulated Switchgears Market By End-User, 2019 – 2028 (USD Mn)
7.1. Overview
7.2. Power Transmission Utility
7.3. Power Generation Utility
7.4. Power Distribution Utility
7.5. Railways & Metros
7.6. Industries & OEM
7.7. Commercial
8. North America Gas Insulated Switchgears Market Analysis and Forecast, 2019 – 2028 (USD Mn)
8.1. Overview
8.2. North America Gas Insulated Switchgears Market by Insulation Type, (2019-2028 USD Mn)
8.3. North America Gas Insulated Switchgears Market by Installation, (2019-2028 USD Mn)
8.4. North America Gas Insulated Switchgears Market by Voltage, (2019-2028 USD Mn)
8.5. North America Gas Insulated Switchgears Market by End-User, (2019-2028 USD Mn)
8.6. North America Gas Insulated Switchgears Market by Country, (2019-2028 USD Mn)
8.6.1. U.S.
8.6.1.1. U.S. Gas Insulated Switchgears Market by Insulation Type, (2019-2028 USD Mn)
8.6.1.2. U.S. Gas Insulated Switchgears Market by Installation, (2019-2028 USD Mn)
8.6.1.3. U.S. Gas Insulated Switchgears Market by Voltage, (2019-2028 USD Mn)
8.6.1.4. U.S. Gas Insulated Switchgears Market by End-User, (2019-2028 USD Mn)
8.6.2. Canada
8.6.2.1. Canada Gas Insulated Switchgears Market by Insulation Type, (2019-2028 USD Mn)
8.6.2.2. Canada Gas Insulated Switchgears Market by Installation, (2019-2028 USD Mn)
8.6.2.3. Canada Gas Insulated Switchgears Market by Voltage, (2019-2028 USD Mn)
8.6.2.4. Canada Gas Insulated Switchgears Market by End-User, (2019-2028 USD Mn)
9. Europe Gas Insulated Switchgears Market Analysis and Forecast, 2019 – 2028 (USD Mn)
9.1. Overview
9.2. Europe Gas Insulated Switchgears Market by Insulation Type, (2019-2028 USD Mn)
9.3. Europe Gas Insulated Switchgears Market by Installation, (2019-2028 USD Mn)
9.4. Europe Gas Insulated Switchgears Market by Voltage, (2019-2028 USD Mn)
9.5. Europe Gas Insulated Switchgears Market by End-User, (2019-2028 USD Mn)
9.6. Europe Gas Insulated Switchgears Market by Country, (2019-2028 USD Mn)
9.6.1. Germany
9.6.1.1. Germany Gas Insulated Switchgears Market by Insulation Type, (2019-2028 USD Mn)
9.6.1.2. Germany Gas Insulated Switchgears Market by Installation, (2019-2028 USD Mn)
9.6.1.3. Germany Gas Insulated Switchgears Market by Voltage, (2019-2028 USD Mn)
9.6.1.4. Germany Gas Insulated Switchgears Market by End-User, (2019-2028 USD Mn)
9.6.2. U.K.
9.6.2.1. U.K. Gas Insulated Switchgears Market by Insulation Type, (2019-2028 USD Mn)
9.6.2.2. U.K. Gas Insulated Switchgears Market by Installation, (2019-2028 USD Mn)
9.6.2.3. U.K. Gas Insulated Switchgears Market by Voltage, (2019-2028 USD Mn)
9.6.2.4. U.K. Gas Insulated Switchgears Market by End-User, (2019-2028 USD Mn)
9.6.3. France
9.6.3.1. France Gas Insulated Switchgears Market by Insulation Type, (2019-2028 USD Mn)
9.6.3.2. France Gas Insulated Switchgears Market by Installation, (2019-2028 USD Mn)
9.6.3.3. France Gas Insulated Switchgears Market by Voltage, (2019-2028 USD Mn)
9.6.3.4. France Gas Insulated Switchgears Market by End-User, (2019-2028 USD Mn)
9.6.4. Italy
9.6.4.1. Italy Gas Insulated Switchgears Market by Insulation Type, (2019-2028 USD Mn)
9.6.4.2. Italy Gas Insulated Switchgears Market by Installation, (2019-2028 USD Mn)
9.6.4.3. Italy Gas Insulated Switchgears Market by Voltage, (2019-2028 USD Mn)
9.6.4.4. Italy Gas Insulated Switchgears Market by End-User, (2019-2028 USD Mn)
9.6.5. Rest of Europe
9.6.5.1. Rest of Europe Gas Insulated Switchgears Market by Insulation Type, (2019-2028 USD Mn)
9.6.5.2. Rest of Europe Gas Insulated Switchgears Market by Installation, (2019-2028 USD Mn)
9.6.5.3. Rest of Europe Gas Insulated Switchgears Market by Voltage, (2019-2028 USD Mn)
9.6.5.4. Rest of Europe Gas Insulated Switchgears Market by End-User, (2019-2028 USD Mn)
10. Asia Pacific Gas Insulated Switchgears Market Analysis and Forecast, 2019 – 2028 (USD Mn)
10.1. Overview
10.2. Asia Pacific Gas Insulated Switchgears Market by Insulation Type, (2019-2028 USD Mn)
10.3. Asia Pacific Gas Insulated Switchgears Market by Installation, (2019-2028 USD Mn)
10.4. Asia Pacific Gas Insulated Switchgears Market by Voltage, (2019-2028 USD Mn)
10.5. Asia Pacific Gas Insulated Switchgears Market by End-User, (2019-2028 USD Mn)
10.6. Asia Pacific Gas Insulated Switchgears Market by Country, (2019-2028 USD Mn)
10.6.1. China
10.6.1.1. China Gas Insulated Switchgears Market by Insulation Type, (2019-2028 USD Mn)
10.6.1.2. China Gas Insulated Switchgears Market by Installation, (2019-2028 USD Mn)
10.6.1.3. China Gas Insulated Switchgears Market by Voltage, (2019-2028 USD Mn)
10.6.1.4. China Gas Insulated Switchgears Market by End-User, (2019-2028 USD Mn)
10.6.2. Japan
10.6.2.1. Japan Gas Insulated Switchgears Market by Insulation Type, (2019-2028 USD Mn)
10.6.2.2. Japan Gas Insulated Switchgears Market by Installation, (2019-2028 USD Mn)
10.6.2.3. Japan Gas Insulated Switchgears Market by Voltage, (2019-2028 USD Mn)
10.6.2.4. Japan Gas Insulated Switchgears Market by End-User, (2019-2028 USD Mn)
10.6.3. India
10.6.3.1. India Gas Insulated Switchgears Market by Insulation Type, (2019-2028 USD Mn)
10.6.3.2. India Gas Insulated Switchgears Market by Installation, (2019-2028 USD Mn)
10.6.3.3. India Gas Insulated Switchgears Market by Voltage, (2019-2028 USD Mn)
10.6.3.4. India Gas Insulated Switchgears Market by End-User, (2019-2028 USD Mn)
10.6.4. Rest of Asia Pacific
10.6.4.1. Rest of Asia Pacific Gas Insulated Switchgears Market by Insulation Type, (2019-2028 USD Mn)
10.6.4.2. Rest of Asia Pacific Gas Insulated Switchgears Market by Installation, (2019-2028 USD Mn)
10.6.4.3. Rest of Asia Pacific Gas Insulated Switchgears Market by Voltage, (2019-2028 USD Mn)
10.6.4.4. Rest of Asia Pacific Gas Insulated Switchgears Market by End-User, (2019-2028 USD Mn)
11. Latin America (LATAM) Gas Insulated Switchgears Market Analysis and Forecast, 2019 – 2028 (USD Mn)
11.1. Overview
11.2. Latin America Gas Insulated Switchgears Market by Insulation Type, (2019-2028 USD Mn)
11.3. Latin America Gas Insulated Switchgears Market by Installation, (2019-2028 USD Mn)
11.4. Latin America Gas Insulated Switchgears Market by Voltage, (2019-2028 USD Mn)
11.5. Latin America Gas Insulated Switchgears Market by End-User, (2019-2028 USD Mn)
11.6. Latin America Gas Insulated Switchgears Market by Country, (2019-2028 USD Mn)
11.6.1. Brazil
11.6.1.1. Brazil Gas Insulated Switchgears Market by Insulation Type, (2019-2028 USD Mn)
11.6.1.2. Brazil Gas Insulated Switchgears Market by Installation, (2019-2028 USD Mn)
11.6.1.3. Brazil Gas Insulated Switchgears Market by Voltage, (2019-2028 USD Mn)
11.6.1.4. Brazil Gas Insulated Switchgears Market by End-User, (2019-2028 USD Mn)
11.6.2. Mexico
11.6.2.1. Mexico Gas Insulated Switchgears Market by Insulation Type, (2019-2028 USD Mn)
11.6.2.2. Mexico Gas Insulated Switchgears Market by Installation, (2019-2028 USD Mn)
11.6.2.3. Mexico Gas Insulated Switchgears Market by Voltage, (2019-2028 USD Mn)
11.6.2.4. Mexico Gas Insulated Switchgears Market by End-User, (2019-2028 USD Mn)
11.6.3. Rest of Latin America
11.6.3.1. Rest of Latin America Gas Insulated Switchgears Market by Insulation Type, (2019-2028 USD Mn)
11.6.3.2. Rest of Latin America Gas Insulated Switchgears Market by Installation, (2019-2028 USD Mn)
11.6.3.3. Rest of Latin America Gas Insulated Switchgears Market by Voltage, (2019-2028 USD Mn)
11.6.3.4. Rest of Latin America Gas Insulated Switchgears Market by End-User, (2019-2028 USD Mn)
12. Middle East and Africa Gas Insulated Switchgears Market Analysis and Forecast, 2019 – 2028 (USD Mn)
12.1. Overview
12.2. MEA Gas Insulated Switchgears Market by Insulation Type, (2019-2028 USD Mn)
12.3. MEA Gas Insulated Switchgears Market by Installation, (2019-2028 USD Mn)
12.4. MEA Gas Insulated Switchgears Market by Voltage, (2019-2028 USD Mn)
12.5. MEA Gas Insulated Switchgears Market by End-User, (2019-2028 USD Mn)
12.6. Middle East and Africa Gas Insulated Switchgears Market, by Country, (2019-2028 USD Mn)
12.6.1. GCC
12.6.1.1. GCC Gas Insulated Switchgears Market by Insulation Type, (2019-2028 USD Mn)
12.6.1.2. GCC Gas Insulated Switchgears Market by Installation, (2019-2028 USD Mn)
12.6.1.3. GCC Gas Insulated Switchgears Market by Voltage, (2019-2028 USD Mn)
12.6.1.4. GCC Gas Insulated Switchgears Market by End-User, (2019-2028 USD Mn)
12.6.2. South Africa
12.6.2.1. South Africa Gas Insulated Switchgears Market by Insulation Type, (2019-2028 USD Mn)
12.6.2.2. South Africa Gas Insulated Switchgears Market by Installation, (2019-2028 USD Mn)
12.6.2.3. South Africa Gas Insulated Switchgears Market by Voltage, (2019-2028 USD Mn)
12.6.2.4. South Africa Gas Insulated Switchgears Market by End-User, (2019-2028 USD Mn)
12.6.3. Rest of MEA
12.6.3.1. Rest of MEA Gas Insulated Switchgears Market by Insulation Type, (2019-2028 USD Mn)
12.6.3.2. Rest of MEA Gas Insulated Switchgears Market by Installation, (2019-2028 USD Mn)
12.6.3.3. Rest of MEA Gas Insulated Switchgears Market by Voltage, (2019-2028 USD Mn)
12.6.3.4. Rest of MEA Gas Insulated Switchgears Market by End-User, (2019-2028 USD Mn)
13. Company Profiles
13.1. ABB
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Schneider Electric
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. Siemens
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. Eaton Corporation
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. General Electric
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. Toshiba Corp.
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. Hitachi
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. Mitsubishi Electric
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. Fuji Electric
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. Nissin Electric
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis
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