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Gas Insulated Switchgear Market by Installation (Indoor, Outdoor), Insulation Type (SF6, SF6 free), Voltage Rating, Configuration (Hybrid, Isolated Phase, Integrated three phase, Compact GIS), End-User and Region - Global Forecast to 2028

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    Report

  • 283 Pages
  • November 2023
  • Region: Global
  • Markets and Markets
  • ID: 5116879

Global Transition Toward Renewable Energy is to Drive the Market

The global market for gas insulated switchgear is on a trajectory to reach USD 31.6 billion by 2028, a notable increase from the estimated USD 23.8 billion in 2023, with a steady CAGR of 5.8% spanning the period from 2023 to 2028. This growth in the gas insulated switchgear market is closely aligned with the incremental rise in global energy demand, driven by the escalating consumption of energy in recent years, marking the primary catalyst for the surge in electricity demand. Among the key drivers, the industrial sector has emerged as the principal force behind the heightened demand, though the commercial, service, and residential sectors have also made substantial contributions. The robust demand for energy resources gives rise to fluctuations in energy supply and demand, resulting in price volatility within the energy market. This price variability is primarily attributed to a combination of factors, including favorable economic conditions, the availability of energy resources, and the growing consumption of electrical power. Furthermore, the emphasis on energy management has taken center stage, particularly with the advent of the Internet of Things (IoT) for applications such as home automation and building automation. Consequently, these factors underscore the imperative need for gas-insulated switchgear to facilitate the monitoring and optimization of energy consumption. 

Sulfur hexafluoride (SF6) gas is introduced into gas-tight metallic enclosures, where it serves as both the insulating and arc-quenching medium for all components carrying electrical current within Gas-Insulated Switchgear (GIS) substations. It's worth noting that SF6 is non-flammable and doesn't deteriorate, as it is a dry, inert gas. However, SF6 falls into the category of fluorinated gases, which are recognized as ""greenhouse gases"" (GHGs) and have the highest potential for contributing to global warming among all GHGs. The decrease in SF6 emissions will impact the Environmental Protection Agency's (EPA) examination of SF6 in the United States. This could lead to even more stringent restrictions on SF6 usage. Most regulations that may apply to SF6 use are related to the family of chemically similar fluorinated gases known as F-gases. As F-gas regulations become stricter, they will have a greater impact on SF6 usage, ultimately influencing the gas-insulated switchgear market.     

16 to 27 kV segment, by voltage rating, to be fastest growing market from 2023 to 2028.

In the realm of electrical infrastructure, medium-voltage gas-insulated switchgear (GIS) designed for 16 to 27 kV applications has gained prominence in both distribution and industrial settings due to its compact design, reliable performance, and reduced maintenance requirements. However, growing concerns over the environmental impact of sulfur hexafluoride (SF6), the commonly used insulating gas, have led to extensive research into more sustainable and eco-friendly insulating alternatives, reflecting a broader industry shift towards environmentally conscious GIS technology. Furthermore, the year 2022 witnessed a remarkable 4.6% increase in global energy consumption, as reported by the International Energy Agency (IEA). This surge in energy demand has prompted substantial investments in transmission infrastructure, with emerging economic powerhouses like India, China, the UAE, and Argentina driving these initiatives. As a result, the gas-insulated switchgear market in this specific sector is poised for robust growth and consolidation. 

SF6 segment, by insulation type, to be the largest market from 2023 to 2028.

Gas-insulated switchgear (GIS) relies on sulfur hexafluoride (SF6), a dielectric gas at moderate pressure, for insulation between phases and to the ground. High-voltage components, including conductors, circuit breakers, switches, voltage transformers, and current transformers, are enclosed within a metal casing filled with SF6. SF6-filled GIS systems offer a substantial advantage in space-constrained environments compared to air-insulated alternatives, achieving the same insulating properties in a much smaller space. SF6 is a non-toxic, inert, colorless, tasteless, odorless, and non-flammable gas with superior insulating and arc-interrupting properties, making it the preferred choice for modern high-voltage circuit interruption, replacing older mediums like oil and air.

Asia Pacific to be largest and fastest growing region in gas insulated switchgear market.

Asia Pacific is poised to take the lead in the global gas insulated switchgear market and is expected to exhibit the highest Compound Annual Growth Rate (CAGR) between 2023 and 2028. This dominance in the region is attributed to the robust economic progress and rapid development of major Asian economies. Gas insulated switchgear finds primary use among end-users such as industrial, commercial & institutional, electrical utilities, data centers and aftermarkets in the Asia Pacific region. The area's manufacturing sector is anticipated to experience sustained market expansion, driven by lower capital and labor costs. With the increasing populations in countries like China and India, there is a growing demand for electricity generation. Clean energy sources are widely adopted to efficiently meet the region's expanding energy requirements. These nations are actively modernizing their aging infrastructure to facilitate the integration of renewable energy sources into the national grid. Consequently, the demand for gas insulated switchgear for electrical regulation and fault protection is expected to witness significant growth, elevating the gas insulated switchgear market in the Asia Pacific.

Breakdown of Primaries: 

In-depth interviews with key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, were conducted to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. 

The primary interviews were distributed as follows:

  • By Company Type: Tier 1-30%, Tier 2-55%, and Tier 3-15%
  • By Designation: C-Level-30%, D-Level-20%, and Others-50%
  • By Region: North America-18%, Europe-8%, Asia Pacific-10%, Middle East & Africa-60%, and South America-4%

Note: “Others” include sales managers, engineers, and regional managers

The tiers of the companies are defined based on their total revenue as of 2021: Tier 1: >USD 1 billion, Tier 2: USD 500 million-1 billion, and Tier 3: <USD 500 million. 

The gas insulated switchgear market is predominantly governed by well-established global leaders. Notable players in the industrial control transformer market include ABB (Switzerland), Siemens (Germany), General Electric (US), Schneider Electric (France), Eaton (Ireland), Mitsubishi Electric (Japan), Nissin Electric (Japan), CG Power and Industrial Solutions (India), Fuji Electric (Japan), Powell Industries (US), Hyundai Electric & Energy Systems (South Korea), Hitachi (Japan), and several others.

Research Coverage:

The report provides a comprehensive definition, description, and forecast of the gas insulated switchgear market based on various parameters, including Insulation Type (SF6, SF6 Free), Installation (Indoor, Outdoor), Voltage Rating (Up to 5 kV, 6 to 15 kV, 16 to 27 kV, 28 to 40.5 kV, 40.6 to 73 kV, 74 to 220 kV, Above 220 kV), Configuration (Hybrid, Compact GIS, Integrated Three Phase, Isolated Phase), End-User (Industrial, Commercial & Institutional, Electrical Utilities, Data Centers, Aftermarket), and region (Asia Pacific, North America, Europe, Middle East and Africa, South America). The report also offers a thorough qualitative and quantitative analysis of the gas insulated switchgear market, encompassing a comprehensive examination of the key market drivers, limitations, opportunities, and challenges. Additionally, it covers critical facets of the market, such as an assessment of the competitive landscape, an analysis of market dynamics, value-based market estimates, and future trends in the gas insulated switchgear market. 

Key Benefits of Buying the Report

The report is thoughtfully designed to benefit both established industry leaders and newcomers in the gas insulated switchgear market. It provides reliable revenue forecasts for the entire market as well as its individual sub-segments. This data is a valuable resource for stakeholders, enabling them to gain a comprehensive understanding of the competitive landscape and formulate effective market strategies for their businesses. Furthermore, the report serves as a channel for stakeholders to grasp the current state of the market, providing essential insights into market drivers, limitations, challenges, and growth opportunities. By incorporating these insights, stakeholders can make well-informed decisions and stay informed about the constantly evolving dynamics of the gas insulated switchgear industry.

  • Analysis of key drivers (Growing Demand for Reliable and Efficient Power Supply, Leveraging GIS to Support the Global Transition to Renewable Energy, Embracing GIS Technology for Enhanced Electrical Safety and Efficiency, ), restraints (Development and Deployment of SF6-Free GIS), opportunities (Investment in Modernizing the Power Grid to Reduce Blackouts and Improve Reliability, Smart and Emerging Switchgear Technologies to Improve Efficiency, Reliability, and Sustainability of GIS, Investment in GIS to Support the Growth of Industrial Production and Renewable Energy), and challenges (Addressing Environmental, Cost, Infrastructure, Urban, and Sustainability Challenges in the GIS Market) influencing the growth of the gas insulated switchgear market.
  • Product Development/ Innovation: The gas insulated switchgear market is in a constant state of evolution, with a primary focus on product development and innovation. Leading industry players like ABB, Siemens, Schneider Electric, and General Electric are at the forefront of advancing their product offerings to address shifting demands and environmental considerations. In response to growing environmental concerns related to sulfur hexafluoride (SF6), there is a significant drive towards the development and adoption of SF6-free alternatives. These alternatives aim to retain the performance characteristics of SF6 while mitigating its environmental footprint. Furthermore, there is a notable shift towards enhancing the intelligence of gas insulated switchgear through the integration of digital technologies and the Internet of Things (IoT). This integration enables remote monitoring, diagnostics, and predictive maintenance, ultimately elevating the reliability and efficiency of the equipment. In addition to these developments, the market is witnessing the emergence of hybrid gas insulated switchgear, which combines the advantages of both gas and solid insulation. This innovative approach seeks to improve reliability while simultaneously reducing the environmental impact.
  • Market Development: The gas insulated switchgear market is experiencing significant growth and development driven by various factors. The increasing demand for electricity due to global energy consumption trends, coupled with the expanding renewable energy capacity, has spurred the need for efficient and reliable power distribution solutions, with gas insulated switchgear being a preferred choice. Its compact design and reduced maintenance requirements make it a favored option, particularly in space-constrained environments. Additionally, advancements in eco-friendly insulating gases are addressing environmental concerns associated with sulfur hexafluoride (SF6). The market is further influenced by the growth of transmission infrastructure, primarily in rapidly developing economies, where power generation, distribution, and integration of clean energy sources are critical to meeting the escalating electricity needs. This market is set to witness substantial expansion, particularly in the Asia Pacific region, and remains attuned to emerging energy trends and environmental considerations.
  • Market Diversification: The gas insulated switchgear market is experiencing significant diversification, driven by a multitude of factors. Market players are increasingly focusing on the development and adoption of eco-friendly and SF6-free insulation alternatives to address environmental concerns. The market is diversifying across various insulation types, including both traditional SF6 and emerging SF6-free solutions. Additionally, diversification is observed in installation options, with both indoor and outdoor GIS systems gaining traction to meet diverse application requirements. Voltage ratings are broadening, catering to a wide range of electrical infrastructure needs. Configuration choices such as hybrid, compact GIS, and isolated phase designs offer versatility to end-users. Furthermore, the market is diversifying across end-user sectors, encompassing industrial, commercial, institutional, electrical utilities, data centers, and the aftermarket, reflecting the broad utility of gas insulated switchgear across different industries. This market diversification mirrors the industry's efforts to address evolving demands, sustainability objectives, and technological advancements.
  • Competitive Assessment: A comprehensive evaluation has been conducted to scrutinize the market presence, growth strategies, and service offerings of key players in the gas insulated switchgear market. These prominent companies include Eaton (Ireland), ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Mitsubishi Electric (Japan), and others. This analysis provides in-depth insights into the competitive positions of these major players, their approaches to driving market growth, and the range of services they offer within the gas insulated switchgear segment.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.2.1.1 Gas-Insulated Switchgear Market: Inclusions and Exclusions, by Installation
1.2.1.2 Gas-Insulated Switchgear Market: Inclusions and Exclusions, by Insulation Type
1.2.1.3 Gas-Insulated Switchgear Market: Inclusions and Exclusions, by Voltage Rating
1.2.1.4 Gas-Insulated Switchgear Market: Inclusions and Exclusions, by Configuration
1.2.1.5 Gas-Insulated Switchgear Market: Inclusions and Exclusions, by End-user
1.2.1.6 Gas-Insulated Switchgear Market: Inclusions and Exclusions, by Region
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 Gas-Insulated Switchgear Market: Segmentation
1.3.2 Regional Scope
1.3.3 Years Considered
1.4 Currency Considered
1.5 Limitations
1.6 Stakeholders
1.7 Summary of Changes
1.8 Impact of Recession

2 Research Methodology
2.1 Research Data
Figure 2 Gas-Insulated Switchgear Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
Figure 3 Key Data from Primary Sources
2.1.2.1 Breakdown of Primaries
Figure 4 Breakdown of Primaries: by Company Type, Designation, and Region
2.1.3 Secondary and Primary Research
Figure 5 Main Metrics Considered to Analyze and Assess Demand for Gas-Insulated Switchgear
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
2.2.2 Top-Down Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
2.2.3 Demand-Side Analysis
2.2.3.1 Regional Analysis
2.2.3.2 Country-Level Analysis
2.2.3.3 Assumptions for Demand-Side Analysis
2.2.3.4 Calculations for Demand-Side Analysis
2.2.4 Supply-Side Analysis
Figure 8 Key Steps Considered to Assess Supply of Gas-Insulated Switchgear
Figure 9 Gas-Insulated Switchgear Market: Supply-Side Analysis
2.2.4.1 Assumptions for Supply-Side Analysis
2.2.4.2 Calculations for Supply-Side Analysis
2.2.5 Market Forecast
2.3 Impact of Recession on Gas-Insulated Switchgear Market
2.4 Market Breakdown and Data Triangulation
Figure 10 Data Triangulation

3 Executive Summary
Table 1 Gas-Insulated Switchgear Market: Snapshot
Figure 11 Asia-Pacific Dominated Gas-Insulated Switchgear Market in 2022
Figure 12 Outdoor Segment to Account for Larger Share of Gas-Insulated Switchgear Market, by Installation, in 2028
Figure 13 Sf6 Segment to Register Highest CAGR in Gas-Insulated Switchgear Market, by Insulation Type, During Forecast Period
Figure 14 Above 220 Kv Segment to Lead Gas-Insulated Switchgear Market, by Voltage Rating, in 2028
Figure 15 Hybrid Segment to Dominate Gas-Insulated Switchgear Market, by Configuration, in 2028
Figure 16 Electrical Utilities Segment to Hold Largest Share of Gas-Insulated Switchgear Market, by End-user, in 2028

4 Premium Insights
4.1 Attractive Opportunities for Players in Gas-Insulated Switchgear Market
Figure 17 Asia-Pacific to Lead Gas-Insulated Switchgear Market Between 2023 and 2028
4.2 Gas-Insulated Switchgear Market, by Region
Figure 18 Gas-Insulated Switchgear Market in Asia-Pacific to Exhibit Highest CAGR During Forecast Period
4.3 Gas-Insulated Switchgear Market in Asia-Pacific, by Installation and Country, 2022
Figure 19 Outdoor Segment and China Accounted for Largest Shares of Gas-Insulated Switchgear Market in Asia-Pacific in 2022
4.4 Gas-Insulated Switchgear Market, by Installation
Figure 20 Outdoor Segment to Hold Larger Share of Gas-Insulated Switchgear Market in 2028
4.5 Gas-Insulated Switchgear Market, by Insulation Type
Figure 21 Sf6 Segment to Account for Larger Share of Gas-Insulated Switchgear Market in 2028
4.6 Gas-Insulated Switchgear Market, by Voltage Rating
Figure 22 Above 220 Kv Segment to Account for Largest Share of Gas-Insulated Switchgear Market in 2028
4.7 Gas-Insulated Switchgear Market, by Configuration
Figure 23 Hybrid Segment to Dominate Gas-Insulated Switchgear Market in 2028
4.8 Gas-Insulated Switchgear Market, by End-user
Figure 24 Electric Utilities Segment to Lead Gas-Insulated Switchgear Market in 2028

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 25 Gas-Insulated Switchgear Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Growing Demand for Reliable and Efficient Power Supply
Table 2 Electricity Prices in Selected Oecd Countries, 2022 (Usd/Unit)
5.2.1.2 Global Transition Toward Renewable Energy
Figure 26 Installed Renewable Energy Capacity, 2016-2022
5.2.1.3 Enhanced Electrical Safety and Efficiency Offered by Gas-Insulated Switchgear
5.2.2 Restraints
5.2.2.1 Development and Deployment of Sf6-Free Gas-Insulated Switchgear
Table 3 Global Warming Potential of Greenhouse Gases (100-Year Time Horizon)
5.2.3 Opportunities
5.2.3.1 Focus on Modernizing Power Grids to Reduce Blackouts and Improve Reliability
5.2.3.2 Adoption of Smart and Emerging Switchgear Technologies to Improve Efficiency, Reliability, and Sustainability of Power Grids
5.2.3.3 Investments in Gas-Insulated Switchgear to Boost Industrial Production and Adoption of Renewable Energy
Figure 27 Global Gdp Growth, 2010-2022
5.2.4 Challenges
5.2.4.1 High Procurement Costs, Strict Regulations Against Sf6 Gas, and Costly Maintenance Procedures of Gas-Insulated Switchgear
5.3 Porter's Five Forces Analysis
Figure 28 Gas-Insulated Switchgear Market: Porter's Five Forces Analysis
Table 4 Gas-Insulated Switchgear Market: Porter's Five Forces Analysis
5.3.1 Threat of Substitutes
5.3.2 Bargaining Power of Suppliers
5.3.3 Bargaining Power of Buyers
5.3.4 Threat of New Entrants
5.3.5 Intensity of Competitive Rivalry
5.4 Value Chain Analysis
Figure 29 Gas-Insulated Switchgear Market: Value Chain Analysis
5.4.1 Raw Material Providers/Suppliers
5.4.2 Component Manufacturers
5.4.3 Gas-Insulated Switchgear Manufacturers/Assemblers
5.4.4 Distributors
5.4.5 Applications
5.4.6 Post-Sales Services
5.5 Technology Analysis
5.5.1 Ai Detection in Gas-Insulated Switchgear
5.5.2 Iot-Connected Gas-Insulated Switchgear
5.5.3 Sf6-Free Gas-Insulated Switchgear
5.6 Key Conferences and Events, 2022-2024
Table 5 Switchgear Market: List of Key Conferences and Events
5.7 Ecosystem Mapping
Figure 30 Ecosystem Analysis
Table 6 Role of Participants in Ecosystem
5.8 Patent Analysis
Figure 31 List of Major Patents Related to Gas-Insulated Switchgear
Table 7 Innovations and Patent Registrations Related to Switchgear, May 2019-July 2023
5.9 Case Study Analysis
5.9.1 Northern Powergrid Company to Use Abb's Sf6-Free Switchgear for Electrical Network
5.9.2 National Grid to Shift Toward Sf6-Free Hv Substations in Southeast England
5.9.3 Schneider Electric Developed Sf6-Free Green Gis Solution
5.10 Trade Analysis
5.10.1 Trade Analysis Related to Electrical Apparatus for Switching or Protecting Electrical Circuits with Voltage Exceeding 1,000 Volts
5.10.1.1 Import Scenario
Table 8 Import Scenario for Products Under Hs Code 8535, by Country, 2020-2022 (USD)
5.10.1.2 Export Scenario
Table 9 Export Scenario for Products Under Hs Code 8535, by Country, 2020-2022 (USD)
5.10.2 Trade Analysis Related to Electrical Apparatus for Switching or Protecting Electrical Circuits with Voltage Lower Than 1,000 Volts
5.10.2.1 Import Scenario
Table 10 Import Scenario for Products Under Hs Code 853690, by Country, 2020-2022 (USD)
5.10.2.2 Export Scenario
Table 11 Export Scenario for Products Under Hs Code 853690, by Country, 2020-2022 (USD)
5.11 Pricing Analysis
5.11.1 Average Selling Price of Gas-Insulated Switchgear, by Voltage Rating
Table 12 Average Selling Price of Gas-Insulated Switchgear, by Voltage Rating, 2022
Table 13 Average Selling Price of Gas-Insulated Switchgear Offered by Three Key Players, by Voltage Rating, 2022
Figure 32 Average Selling Price of Gas-Insulated Switchgear Offered by Three Key Players, by Voltage Rating, 2022
5.12 Tariffs and Regulatory Landscape
5.12.1 Tariffs Related to Gas-Insulated Switchgear
Table 14 Import Values for Low-Voltage Protection Equipment Under Hs Code 853690, 2022
Table 15 Import Values for High-Voltage Protection Equipment Under Hs Code 8535, 2022
5.12.2 Regulatory Bodies, Government Agencies, and Other Organizations
Table 16 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 17 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 18 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 19 RoW: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.12.3 Codes and Regulations Related to Gas-Insulated Switchgear
Table 20 Gas-Insulated Switchgear Market: Codes and Regulations
5.13 Trends/Disruptions Impacting Customers’ Businesses
Figure 33 Trends/Disruptions Impacting Customers’ Businesses
5.14 Key Stakeholders and Buying Criteria
5.14.1 Key Stakeholders in Buying Process
Figure 34 Influence of Key Stakeholders on Buying Process for Top Three End-users
Table 21 Influence of Key Stakeholders on Buying Process for Top Three End-users
5.14.2 Buying Criteria
Figure 35 Influence of Key Stakeholders on Buying Process for Top Three End-users
Table 22 Key Buying Criteria for Top Three End-users

6 Gas-Insulated Switchgear Market, by Installation
6.1 Introduction
Figure 36 Gas-Insulated Switchgear Market, by Installation, 2022
Table 23 Gas-Insulated Switchgear Market, by Installation, 2021-2028 (USD Million)
6.2 Indoor
6.2.1 Need for Stable Power Supply from Various Industries to Drive Segmental Growth
Table 24 Indoor: Gas-Insulated Switchgear Market, by Region, 2021-2028 (USD Million)
6.3 Outdoor
6.3.1 Increasing Applications in Substations and Switchyards to Propel Segmental Growth
Table 25 Outdoor: Gas-Insulated Switchgear Market, by Region, 2021-2028 (USD Million)

7 Gas-Insulated Switchgear Market, by Insulation Type
7.1 Introduction
Figure 37 Gas-Insulated Switchgear Market, by Insulation Type, 2022
Table 26 Gas-Insulated Switchgear Market, by Insulation Type, 2021-2028 (USD Million)
7.2 Sf6
7.2.1 Significant Advantages in Space-Constrained Environments to Propel Segmental Growth
Table 27 Sf6: Gas-Insulated Switchgear Market, by Region, 2021-2028 (USD Million)
7.3 Sf6-Free
7.3.1 Increasing Concerns of Global Warming to Drive Adoption of Sf6-Free Segment
Table 28 Sf6-Free: Gas-Insulated Switchgear Market, by Region, 2021-2028 (USD Million)

8 Gas-Insulated Switchgear Market, by Configuration
8.1 Introduction
Figure 38 Gas-Insulated Switchgear Market, by Configuration, 2022
Table 29 Gas-Insulated Switchgear Market, by Configuration, 2021-2028 (USD Million)
8.2 Hybrid
8.2.1 Efficient and Cost-Effective Optimization of Power Substations Using Hybrid Switchgear to Propel Segmental Growth
Table 30 Hybrid: Gas-Insulated Switchgear Market, by Region, 2021-2028 (USD Million)
8.3 Isolated Phase
8.3.1 Enhanced Safety and Reliability with Isolated Phase Gas-Insulated Switchgear Configuration to Drive Segmental Growth
Table 31 Isolated Phase: Gas-Insulated Switchgear Market, by Region, 2021-2028 (USD Million)
8.4 Integrated Three-Phase
8.4.1 Rapidly Increasing Urban and Industrial Power Needs to Boost Integrated Three-Phase Market Growth
Table 32 Integrated Three-Phase: Gas-Insulated Switchgear Market, by Region, 2021-2028 (USD Million)
8.5 Compact Gis
8.5.1 Minimized Spatial Requirements with Optimized Performance and Reliability Advantages of Compact Gis to Fuel Segmental Growth
Table 33 Compact Gis: Gas-Insulated Switchgear Market, by Region, 2021-2028 (USD Million)

9 Gas-Insulated Switchgear Market, by Voltage Rating
9.1 Introduction
Figure 39 Gas-Insulated Switchgear Market, by Voltage Rating, 2022
Table 34 Gas-Insulated Switchgear Market, by Voltage Rating, 2021-2028 (USD Million)
9.2 Up to 5 Kv
9.2.1 Need to Optimize Medium Voltage Solutions in Urban and Space-Restricted Environments to Drive Segmental Growth
Table 35 Up to 5 Kv: Gas-Insulated Switchgear Market, by Region, 2021-2028 (USD Million)
9.3 6 to 15 Kv
9.3.1 Deployment in Versatile Industrial and Commercial Settings to Propel Segmental Growth
Table 36 6 to 15 Kv: Gas-Insulated Switchgear Market, by Region, 2021-2028 (USD Million)
9.4 16 to 27 Kv
9.4.1 Increasing Investments in Transmission and Distribution Infrastructure in Emerging Economies to Support Segmental Growth
Table 37 16 to 27 Kv: Gas-Insulated Switchgear Market, by Region, 2021-2028 (USD Million)
9.5 28 to 40.5 Kv
9.5.1 Need to Improve Reliability and Uptime with Medium Voltage Gas-Insulated Switchgear to Boost Segmental Growth
Table 38 28 to 40.5 Kv: Gas-Insulated Switchgear Market, by Region, 2021-2028 (USD Million)
9.6 40.6 to 73 Kv
9.6.1 Growing Demand for Compact and Space-Saving Designs to Drive Segmental Growth
Table 39 40.6 to 73 Kv: Gas-Insulated Switchgear Market, by Region, 2021-2028 (USD Million)
9.7 74 to 220 Kv
9.7.1 Investments in Transmission Infrastructure to Boost Segmental Growth
Table 40 74 to 220 Kv: Gas-Insulated Switchgear Market, by Region, 2021-2028 (USD Million)
9.8 Above 220 Kv
9.8.1 Optimizing Efficiency of Ultra-High-Voltage Transmissions and Shift Toward Sustainable Power Generation to Boost Segmental Growth
Table 41 Above 220 Kv: Gas-Insulated Switchgear Market, by Region, 2021-2028 (USD Million)

10 Gas-Insulated Switchgear Market, by End-user
10.1 Introduction
Figure 40 Gas-Insulated Switchgear Market, by End-user, 2022
Table 42 Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
10.2 Industrial
Table 43 Industrial: Gas-Insulated Switchgear Market, by Region, 2021-2028 (USD Million)
Table 44 Industrial: Gas-Insulated Switchgear Market, by Type, 2021-2028 (USD Million)
10.2.1 Process
10.2.1.1 Need for Highly Reliable and Secure Power Supply with Robust Protection Mechanisms to Drive Deployment of Gas-Insulated Switchgear
10.2.2 Discrete
10.2.2.1 Increasing Need for Reliable Power Distribution and Adoption of Renewable Energy Sources to Fuel Demand
10.2.3 Oil & Gas
10.2.3.1 Capability to Mitigate Electrical Faults and Enhance Safety and Operational Efficiency to Propel Use of Gas-Insulated Switchgear
10.2.4 Others
10.3 Commercial & Institutional
Table 45 Commercial & Institutional: Gas-Insulated Switchgear Market, by Region, 2021-2028 (USD Million)
Table 46 Commercial & Institutional: Gas-Insulated Switchgear Market, by Type, 2021-2028 (USD Million)
10.3.1 Commercial
10.3.1.1 Need for Dependable and Efficient Electricity Distribution to Different Businesses and Facilities to Fuel Demand
10.3.2 Institutional
10.3.2.1 Implementation of Gas-Insulated Switchgear in Powering Educational Institutions to Contribute to Demand
10.3.3 Infrastructure
10.3.3.1 Requirement for Reliable Electricity Distribution for Essential Infrastructure to Support Market Growth
10.3.4 Government
10.3.4.1 Need to Empower Government Operations and Develop Infrastructure to Propel Demand
10.4 Electrical Utilities
Table 47 Electrical Utilities: Gas-Insulated Switchgear Market, by Region, 2021-2028 (USD Million)
Table 48 Electrical Utilities: Gas-Insulated Switchgear Market, by Type, 2021-2028 (USD Million)
10.4.1 Generation
10.4.1.1 Role in Controlling and Safeguarding Electrical Circuits and Equipment Within Power Generation Facilities to Drive Demand for Gas-Insulated Switchgear
10.4.2 T&D
10.4.2.1 Advancements in Switchgear Technology to Manage Power Fluctuation and Electrical Grid Stability in T&D to Fuel Demand for Gas-Insulated Switchgear
10.5 Data Centers
Table 49 Data Centers: Gas-Insulated Switchgear Market, by Region, 2021-2028 (USD Million)
Table 50 Data Centers: Gas-Insulated Switchgear Market, by Type, 2021-2028 (USD Million)
10.5.1 Non-Hyperscale
10.5.1.1 Fostering Data Center Resilience with Gas-Insulated Switchgear to Fuel Market Growth
10.5.2 Hyperscale
10.5.2.1 Need for Compact and Dependable Power Distribution System to Drive Market for Gas-Insulated Switchgear
10.6 Aftermarket
10.6.1 Need to Support Critical Infrastructure to Contribute to Gas-Insulated Switchgear Aftermarket Growth
Table 51 Aftermarket: Gas-Insulated Switchgear Market, by Region, 2021-2028 (USD Million)

11 Gas-Insulated Switchgear Market, by Region
11.1 Introduction
Figure 41 Gas-Insulated Switchgear Market, by Region, 2022
Figure 42 Gas-Insulated Switchgear Market in Asia-Pacific to Register Highest CAGR from 2023 to 2028
Table 52 Gas-Insulated Switchgear Market, by Region, 2021-2028 (USD Million)
11.2 Asia-Pacific
11.2.1 Impact of Recession on Gas-Insulated Switchgear Market in Asia-Pacific
Figure 43 Asia-Pacific: Gas-Insulated Switchgear Market Snapshot
11.2.2 By Installation
Table 53 Asia-Pacific: Gas-Insulated Switchgear Market, by Installation, 2021-2028 (USD Million)
11.2.3 By Insulation Type
Table 54 Asia-Pacific: Gas-Insulated Switchgear Market, by Insulation Type, 2021-2028 (USD Million)
11.2.4 By Voltage Rating
Table 55 Asia-Pacific: Gas-Insulated Switchgear Market, by Voltage Rating, 2021-2028 (USD Million)
11.2.5 By Configuration
Table 56 Asia-Pacific: Gas-Insulated Switchgear Market, by Configuration, 2021-2028 (USD Million)
11.2.6 By End-user
Table 57 Asia-Pacific: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.2.7 By Country
Table 58 Asia-Pacific: Gas-Insulated Switchgear Market, by Country, 2021-2028 (USD Million)
11.2.7.1 China
11.2.7.1.1 Substantial Investments in Infrastructure Projects and Demand for Gas-Insulated Switchgear from Power Generation and Transmission Sectors to Drive Market
Table 59 China: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.2.7.2 India
11.2.7.2.1 Growing Electrification and Clean Energy Commitments to Propel Market
Table 60 India: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.2.7.3 Japan
11.2.7.3.1 Development of More Efficient, Reliable, and Environmentally Friendly Gis Technologies to Support Market Growth
Table 61 Japan: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.2.7.4 South Korea
11.2.7.4.1 Government Support for Increasing Adoption of Gas-Insulated Switchgear in Various Sectors to Fuel Market Growth
Table 62 South Korea: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.2.7.5 Australia
11.2.7.5.1 Electrification of Australia's Railway Network to Boost Demand
Table 63 Australia: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.2.7.6 Rest of Asia-Pacific
Table 64 Rest of Asia-Pacific: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.3 North America
11.3.1 Impact of Recession on Gas-Insulated Switchgear Market in North America
11.3.2 By Installation
Table 65 North America: Gas-Insulated Switchgear Market, by Installation, 2021-2028 (USD Million)
11.3.3 By Insulation Type
Table 66 North America: Gas-Insulated Switchgear Market, by Insulation Type, 2021-2028 (USD Million)
11.3.4 By Voltage Rating
Table 67 North America: Gas-Insulated Switchgear Market, by Voltage Rating, 2021-2028 (USD Million)
11.3.5 By Configuration
Table 68 North America: Gas-Insulated Switchgear Market, by Configuration, 2021-2028 (USD Million)
11.3.6 By End-user
Table 69 North America: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.3.7 By Country
Table 70 North America: Gas-Insulated Switchgear Market, by Country, 2021-2028 (USD Million)
11.3.7.1 US
11.3.7.1.1 Replacement of Aging Power Infrastructure to Drive Market
Table 71 US: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.3.7.2 Canada
11.3.7.2.1 Focus on Sustainability and Safe, Dependable Transmission of Energy with Reduced Energy Footprint to Boost Market Growth
Table 72 Canada: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.3.7.3 Mexico
11.3.7.3.1 Increasing Investments in Clean Energy Generation and Modernization of Power Grid to Fuel Demand
Table 73 Mexico: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.4 Europe
11.4.1 Impact of Recession on Gas-Insulated Switchgear Market in Europe
Figure 44 Europe: Gas-Insulated Switchgear Market Snapshot
11.4.2 By Installation
Table 74 Europe: Gas-Insulated Switchgear Market, by Installation, 2021-2028 (USD Million)
11.4.3 By Insulation Type
Table 75 Europe: Gas-Insulated Switchgear Market, by Insulation Type, 2021-2028 (USD Million)
11.4.4 By Voltage Rating
Table 76 Europe: Gas-Insulated Switchgear Market, by Voltage Rating, 2021-2028 (USD Million)
11.4.5 By Configuration
Table 77 Europe: Gas-Insulated Switchgear Market, by Configuration, 2021-2028 (USD Million)
11.4.6 By End-user
Table 78 Europe: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.4.7 By Country
Table 79 Europe: Gas-Insulated Switchgear Market, by Country, 2021-2028 (USD Million)
11.4.7.1 Germany
11.4.7.1.1 Renewable Energy Integration into Power Distribution Grid to Foster Market Growth
Table 80 Germany: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.4.7.2 UK
11.4.7.2.1 Transition Toward More Sustainable Energy Sources to Fuel Market Growth
Table 81 UK: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.4.7.3 Italy
11.4.7.3.1 Leveraging Gas-Insulated Switchgear for Enhance Grid Reliability and Resilience to Support Market Growth
Table 82 Italy: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.4.7.4 France
11.4.7.4.1 Replacement of Aging Infrastructure with Newer, Efficient Ones to Boost Market
Table 83 France: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.4.7.5 Spain
11.4.7.5.1 Utilization of Gas-Insulated Switchgear for Energy Transition to Generate Demand
Table 84 Spain: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.4.7.6 Rest of Europe
Table 85 Rest of Europe: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.5 South America
11.5.1 Impact of Recession on Gas-Insulated Switchgear Market in South America
11.5.2 By Installation
Table 86 South America: Gas-Insulated Switchgear Market, by Installation, 2021-2028 (USD Million)
11.5.3 By Insulation Type
Table 87 South America: Gas-Insulated Switchgear Market, by Insulation Type, 2021-2028 (USD Million)
11.5.4 By Voltage Rating
Table 88 South America: Gas-Insulated Switchgear Market, by Voltage Rating, 2021-2028 (USD Million)
11.5.5 By Configuration
Table 89 South America: Gas-Insulated Switchgear Market, by Configuration, 2021-2028 (USD Million)
11.5.6 By End-user
Table 90 South America: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.5.7 By Country
Table 91 South America: Gas-Insulated Switchgear Market, by Country, 2021-2028 (USD Million)
11.5.7.1 Brazil
11.5.7.1.1 Commitment to Renewable Energy and Modernization of Aging Infrastructure to Fuel Market Growth
Table 92 Brazil: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.5.7.2 Argentina
11.5.7.2.1 Need for Reliable and Secure Power Supply to Oil & Gas and Other Industries to Generate Demand
Table 93 Argentina: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.5.7.3 Rest of South America
Table 94 Rest of South America: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.6 Middle East & Africa
11.6.1 Impact of Recession on Gas-Insulated Switchgear Market in Middle East & Africa
11.6.2 By Installation
Table 95 Middle East & Africa: Gas-Insulated Switchgear Market, by Installation, 2021-2028 (USD Million)
11.6.3 By Insulation Type
Table 96 Middle East & Africa: Gas-Insulated Switchgear Market, by Insulation Type, 2021-2028 (USD Million)
11.6.4 By Voltage Rating
Table 97 Middle East & Africa: Gas-Insulated Switchgear Market, by Voltage Rating, 2021-2028 (USD Million)
11.6.5 By Configuration
Table 98 Middle East & Africa: Gas-Insulated Switchgear Market, by Configuration, 2021-2028 (USD Million)
11.6.6 By End-user
Table 99 Middle East & Africa Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.6.7 By Country
Table 100 Middle East & Africa: Gas-Insulated Switchgear Market, by Region, 2021-2028 (USD Million)
11.6.7.1 Saudi Arabia
11.6.7.1.1 Diversification of Energy Generation and Infrastructure Growth to Boost Demand for Gas-Insulated Switchgear
Table 101 Saudi Arabia: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.6.7.2 UAE
11.6.7.2.1 Substantial Renewable Energy Generation and Increasing Construction Activities to Contribute to Demand for Gas-Insulated Switchgear
Table 102 UAE: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.6.7.3 South Africa
11.6.7.3.1 Healthy Growth of Various Sectors Attributed to Economic Growth to Drive Demand
Table 103 South Africa: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)
11.6.7.4 Kuwait
11.6.7.4.1 Focus on Renewable Energy and Enhancement of Power Transmission and Distribution Infrastructure to Propel Market Growth
Table 104 Kuwait: Gas-Insulated Switchgear Market, by Voltage Rating, 2021-2028 (USD Million)
11.6.7.5 Rest of Middle East & Africa
Table 105 Rest of Middle East & Africa: Gas-Insulated Switchgear Market, by End-user, 2021-2028 (USD Million)

12 Competitive Landscape
12.1 Introduction
12.2 Strategies Adopted by Key Players
Table 106 Overview of Key Strategies Deployed by Top Players, April 2019-April 2022
12.3 Market Share Analysis of Top Five Players, 2022
Table 107 Gas-Insulated Switchgear Market: Degree of Competition
Figure 45 Gas-Insulated Switchgear Market: Market Share Analysis, 2022
12.4 Revenue Analysis of Top Five Market Players, 2018-2022
Figure 46 Top Players in Gas-Insulated Switchgear Market, 2018-2022
12.5 Company Evaluation Matrix, 2022
12.5.1 Stars
12.5.2 Pervasive Players
12.5.3 Emerging Leaders
12.5.4 Participants
Figure 47 Gas-Insulated Switchgear Market: Company Evaluation Matrix, 2022
12.5.5 Company Footprint
Table 108 Company Footprint: by Insulation Type
Table 109 Company Footprint: by Voltage Rating
Table 110 Company Footprint: by Installation
Table 111 Company Footprint: by Configuration
Table 112 Company Footprint: by End-user
Table 113 Company Footprint: by Region
Table 114 Overall Company Footprint
12.6 Start-Ups/Small and Medium Enterprises (Smes) Evaluation Matrix, 2022
12.6.1 Progressive Companies
12.6.2 Responsive Companies
12.6.3 Dynamic Companies
12.6.4 Starting Blocks
Figure 48 Gas-Insulated Switchgear Market: Start-Ups/Smes Evaluation Matrix, 2022
Table 115 Gas-Insulated Switchgear Market: List of Key Start-Ups/Smes
12.6.5 Competitive Benchmarking
Table 116 Gas-Insulated Switchgear Market: Competitive Benchmarking of Key Start-Ups/Smes
12.7 Competitive Scenarios and Trends
12.7.1 Product Launches
Table 117 Gas-Insulated Switchgear Market: Product Launches, April 2020-March 2023
12.7.2 Deals
Table 118 Gas-Insulated Switchgear Market: Deals, April 2019-August 2023
12.7.3 Others
Table 119 Gas-Insulated Switchgear Market: Others, April 2019-May 2023

13 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1 Key Players
13.1.1 Abb
Table 120 Abb: Company Overview
Figure 49 Abb: Company Snapshot
Table 121 Abb: Products/Solutions/Services Offered
Table 122 Abb: Product Launches
Table 123 Abb: Deals
Table 124 Abb: Others
13.1.2 Schneider Electric
Table 125 Schneider Electric: Company Overview
Figure 50 Schneider Electric: Company Snapshot
Table 126 Schneider Electric: Products/Solutions/Services Offered
Table 127 Schneider Electric: Product Launches
Table 128 Schneider Electric: Others
13.1.3 General Electric
Table 129 General Electric: Company Overview
Figure 51 General Electric: Company Snapshot
Table 130 General Electric: Products/Solutions/Services Offered
Table 131 General Electric: Product Launches
Table 132 General Electric: Deals
Table 133 General Electric: Others
13.1.4 Siemens
Table 134 Siemens: Company Overview
Figure 52 Siemens: Company Snapshot
Table 135 Siemens: Products/Solutions/Services Offered
Table 136 Siemens: Product Launches
Table 137 Siemens: Deals
Table 138 Siemens: Others
13.1.5 Eaton
Table 139 Eaton: Company Overview
Figure 53 Eaton: Company Snapshot
Table 140 Eaton: Products/Solutions/Services Offered
Table 141 Eaton: Product Launches
Table 142 Eaton: Deals
13.1.6 Mitsubishi Electric Corporation
Table 143 Mitsubishi Electric Corporation: Company Overview
Figure 54 Mitsubishi Electric Corporation: Company Snapshot
Table 144 Mitsubishi Electric Corporation: Products/Solutions/Services Offered
Table 145 Mitsubishi Electric Corporation: Product Launches
13.1.7 Hitachi, Ltd.
Table 146 Hitachi, Ltd.: Company Overview
Figure 55 Hitachi, Ltd.: Company Snapshot
Table 147 Hitachi, Ltd.: Products/Solutions/Services Offered
Table 148 Hitachi, Ltd.: Deals
13.1.8 Hd Hyundai Electric Co., Ltd.
Table 149 Hd Hyundai Electric Co., Ltd.: Company Overview
Figure 56 Hd Hyundai Electric Co., Ltd.: Company Snapshot
Table 150 Hd Hyundai Electric Co., Ltd.: Products/Solutions/Services Offered
13.1.9 Fuji Electric
Table 151 Fuji Electric: Company Overview
Figure 57 Fuji Electric: Company Snapshot
Table 152 Fuji Electric: Products/Solutions/Services Offered
Table 153 Fuji Electric: Deals
Table 154 Fuji Electric: Others
13.1.10 Cg Power and Industrial Solutions Ltd.
Table 155 Cg Power and Industrial Solutions Ltd.: Company Overview
Figure 58 Cg Power and Industrial Solutions Ltd.: Company Snapshot
Table 156 Cg Power and Industrial Solutions Ltd.: Products/Solutions/Services Offered
13.1.11 Nissin Electric Co.,Ltd.
Table 157 Nissin Electric Co.,Ltd.: Company Overview
Figure 59 Nissin Electric Co.,Ltd.: Company Snapshot
Table 158 Nissin Electric Co.,Ltd.: Products/Solutions/Services Offered
Table 159 Nissin Electric Co.,Ltd.: Others
13.1.12 Meidensha Corporation
Table 160 Meidensha Corporation: Company Overview
Figure 60 Meidensha Corporation: Company Snapshot
Table 161 Meidensha Corporation: Products/Solutions/Services Offered
13.1.13 Powell Industries.
Table 162 Powell Industries.: Company Overview
Figure 61 Powell Industries.: Company Snapshot
Table 163 Powell Industries.: Products/Solutions/Services Offered
Table 164 Powell Industries.: Deals
13.1.14 Hyosung Heavy Industries.
Table 165 Hyosung Heavy Industries.: Company Overview
Figure 62 Hyosung Heavy Industries.: Company Snapshot
Table 166 Hyosung Heavy Industries.: Products/Solutions/Services Offered
Table 167 Hyosung Heavy Industries.: Product Launches
13.1.15 Toshiba Energy Systems & Solutions Corporation
Table 168 Toshiba Energy Systems & Solutions Corporation: Company Overview
Figure 63 Toshiba Energy Systems & Solutions Corporation: Company Snapshot
Table 169 Toshiba Energy Systems & Solutions Corporation: Products/Solutions/Services Offered
Table 170 Toshiba Energy Systems & Solutions Corporation.: Deals
Table 171 Toshiba Energy Systems & Solutions Corporation: Others
13.2 Other Players
13.2.1 Lucy Group Ltd.
13.2.2 Elecktrobudowa Sp.Z O.O.
13.2.3 Chint Group
13.2.4 Sel S.P.A.
13.2.5 Iljin Electric
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) Might Not be Captured in Case of Unlisted Companies.

14 Appendix
14.1 Insights from Industry Experts
14.2 Discussion Guide
14.3 Knowledgestore: The Subscription Portal
14.4 Customization Options

Executive Summary

Companies Mentioned

  • ABB
  • CG Power and Industrial Solutions Ltd.
  • Chint Group
  • Eaton
  • Elecktrobudowa Sp.Z O.O.
  • Fuji Electric
  • General Electric
  • HD Hyundai Electric Co., Ltd.
  • Hitachi, Ltd.
  • Hyosung Heavy Industries.
  • Iljin Electric
  • Lucy Group Ltd.
  • Meidensha Corporation
  • Mitsubishi Electric Corporation
  • Nissin Electric Co.,Ltd.
  • Other Players
  • Powell Industries.
  • Schneider Electric
  • Sel S.P.A.
  • Siemens
  • Toshiba Energy Systems & Solutions Corporation

Table Information