Gas Insulated Switchgears - Global Strategic Business Report

Report
610 Pages
March 2024
Region: Global
Global Industry Analysts, Inc
ID: 5302727

The global market for Gas Insulated Switchgears is estimated at US$21.9 Billion in 2023 and is projected to reach US$39.3 Billion by 2030, growing at a CAGR of 7.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

Market Growth: Understand the significant growth trajectory of the SF6 Gas Insulated Switchgears segment, which is expected to reach US$20.8 Billion by 2030 with a CAGR of 6%. The SF6-Free Gas Insulated Switchgears segment is also set to grow at 9.6% CAGR over the next 8 years.
Regional Analysis: Gain insights into the U.S. market, estimated at $4 Billion in 2023, and China, forecasted to grow at an impressive 9.1% CAGR to reach $10 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

Detailed Market Analysis: Access a thorough analysis of the Global Gas Insulated Switchgears Market, covering all major geographic regions and market segments.
Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Gas Insulated Switchgears Market.
Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

How is the Global Gas Insulated Switchgears Market expected to evolve by 2030?
What are the main drivers and restraints affecting the market?
Which market segments will grow the most over the forecast period?
How will market shares for different regions and segments change by 2030?
Who are the leading players in the market, and what are their prospects?

Report Features:

Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Company Profiles: Coverage of major players such as ABB Ltd., Eaton Corporation PLC, Allis Electric Co., Ltd., and more.
Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 81 Featured):

ABB Ltd.
Eaton Corporation PLC
Allis Electric Co., Ltd.
Chung-Hsin Electric and Machinery Manufacturing Corp. (CHEM)
AZZ, Inc.
BGR Energy Systems Ltd.
Bowers Electricals Ltd.
Emirates Transformer & Switchgear Ltd.
BRUSH Switchgear
C&S Electric Ltd.
Chint Group
Elektrofabriken I Malmo AB
CG Power and Industrial Solutions Ltd.
Daqo Group Co., Ltd.
Beijing Sojo Electric

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

World Shifts to an Endemic COVID-19 Strategy with Focus on Multilateral Approach to Managing Future Pandemics
Prolonged Pandemic, Ukraine-Russia Conflict and Ensuing Economic Disruptions Impact Growth Outlook
World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2021 through 2024
Energy Sector: COVID-19 Pandemic Brings Numerous Challenges to GIS Industry
Global Energy Market Growth Outlook (In %) for Years 2019 through 2025
Opportunities for the Power & Energy Sector in the Post-Pandemic Era
Competitive Scenario
Gas Insulated Switchgears - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
Select Technological Advancements in the Switchgear Market
Global Market Prospects & Outlook
Analysis by Type
World Gas Insulated Switchgears Market by Type (2024 & 2030): Percentage Breakdown of Sales for SF6, and SF6-Free
Analysis by Installation
World Gas Insulated Switchgears Market by Installation (2024 & 2030): Percentage Breakdown of Sales for Outdoor, and Indoor
Analysis by End-Use
World Gas Insulated Switchgears Market by End-Use (2024 & 2030): Percentage Breakdown of Sales for Power Transmission Utility, Power Generation Utility, Power Distribution Utility, Railways & Metros, Industries & OEM, and Commercial
Regional Analysis
World Gas Insulated Switchgears Market by Region (2024 & 2030): Percentage Breakdown of Sales for Developed and Developing Regions
World Gas Insulated Switchgears Market - Geographic Regions Ranked by CAGR (Sales) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Canada, Europe, and Japan
Brief Overview of the Asian GIS Market
China and India Lead the Global Rise in Demand for Electricity: Change in Gross Electricity Demand in TWh for 2017-2050
An Introduction to Gas Insulated Switchgears
The Significance, Advantages, and Disadvantages of Switchgear
Key Reasons in Consideration of Gas Insulated Switchgears
GIS Categorization by Voltage
Gas Insulated Switchgear: Governing Agencies
Recent Market Activity
Select Global Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Gas Insulated Switchgear: Making Perfect Sense with Intriguing Benefits
Power & Energy: The Largest Application Market for SF6
Popularity Soars as Gas Insulated Switchgears Provide Unmatched Benefits
New Emerging Technologies with Improved Environmental Profile to Enter Market
GIS Market to Benefit from Opportunities for HVDC Technology Adoption
Gas Insulated Switchgear: Future Progress
Gas Insulated Switchgears Usage in Power Utility Market Increases
Pandemic’s Impact on Utilities Affects Demand for SF6 GIS
Influx of Advanced Gas Insulated Switchgear for Industrial & Utility Applications
Gas Insulated Versus Air Insulated Switchgear for Medium-Voltage Applications
Power Grid Modernization Implies Upgrades in Policy Regimes & Infrastructure
The Ever Growing Need for Increase in Power T&D Efficiency Bodes Well for the Market
Global Investments into Power T&D Infrastructure by Region (in %) for 2020 and 2040
GIS Relevance in Renewable Energy Based Power Projects
Targets for Electricity Production from Renewable Energy Sources in Select Countries
Increasing Focus on Renewable Energy Production to Drive Market Growth
Wind Farms to Stimulate Demand for Medium Voltage GIS
Energy Infrastructure Investments to Elevate Demand for GIS
Rising Investments in Expansion of Transmission and Distribution Networks to Drive Growth
Electricity Demand Patterns to Drive Growth
Projected Global Demand for Electricity (MWh): 2015, 2025, & 2035
Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of World
Estimated Global Power Generation Infrastructure Requirement (in US$ Billion) for China, India, Latin America, and North America over the Period 2010-2030
Rising Adoption of Electric Vehicles to Boost Demand for Gas Insulated Switchgears
Rapid Urbanization: A Mega Growth Driver for Gas Insulated Switchgears
World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
World Urban Population in Million and as Percentage of Total Population for the Period 1950-2050
World Population Urbanization Rate (%) by Region/Country: 2016 & 2040
Rising Investments in Smart Grids Bodes Well
Global Smart Grid Revenues in US$ Million for the Years 2018, 2021 and 2024E
Growing Prevalence of Smart City Projects to Accelerate Gas Insulated Switchgear Demand
Distributed Generation Offers Opportunities
World Distributed Generation Market by Geographic Region (2024 & 2030) - Annual Revenues in US$ Million for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa
Market Restraints: Environmental Concerns and High Equipment Costs
Gas Insulated Switchgear Manufacturers Face Rigorous Safety and Environmental Regulations
GIS market to Suffer as Grid Expansion Projects Face Delays

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Gas Insulated Switchgears Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
Table 2: World Recent Past, Current & Future Analysis for Gas Insulated Switchgears by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 3: World Historic Review for Gas Insulated Switchgears by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 4: World 16-Year Perspective for Gas Insulated Switchgears by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
Table 5: World Recent Past, Current & Future Analysis for SF6 by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 6: World Historic Review for SF6 by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 7: World 16-Year Perspective for SF6 by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 8: World Recent Past, Current & Future Analysis for SF6-Free by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 9: World Historic Review for SF6-Free by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 10: World 16-Year Perspective for SF6-Free by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 11: World Recent Past, Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 12: World Historic Review for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 13: World 16-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 14: World Recent Past, Current & Future Analysis for Power Transmission Utility by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 15: World Historic Review for Power Transmission Utility by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 16: World 16-Year Perspective for Power Transmission Utility by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 17: World Recent Past, Current & Future Analysis for Power Generation Utility by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 18: World Historic Review for Power Generation Utility by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 19: World 16-Year Perspective for Power Generation Utility by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 20: World Recent Past, Current & Future Analysis for Power Distribution Utility by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 21: World Historic Review for Power Distribution Utility by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 22: World 16-Year Perspective for Power Distribution Utility by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 23: World Recent Past, Current & Future Analysis for Railways & Metros by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 24: World Historic Review for Railways & Metros by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 25: World 16-Year Perspective for Railways & Metros by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 26: World Recent Past, Current & Future Analysis for Industries & OEM by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 27: World Historic Review for Industries & OEM by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 28: World 16-Year Perspective for Industries & OEM by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 29: World Recent Past, Current & Future Analysis for Outdoor by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 30: World Historic Review for Outdoor by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 31: World 16-Year Perspective for Outdoor by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 32: World Recent Past, Current & Future Analysis for Indoor by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 33: World Historic Review for Indoor by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
Table 34: World 16-Year Perspective for Indoor by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030

III. MARKET ANALYSIS

UNITED STATES

Gas Insulated Switchgears Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)

CANADA

JAPAN

Gas Insulated Switchgears Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)

CHINA

Gas Insulated Switchgears Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)

EUROPE

Gas Insulated Switchgears Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)

FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE

ASIA-PACIFIC

Gas Insulated Switchgears Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)

AUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICA

MIDDLE EAST

Gas Insulated Switchgears Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)

IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST

AFRICA

Gas Insulated Switchgears Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)

IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

ABB Ltd.
Eaton Corporation PLC
Allis Electric Co., Ltd.
Chung-Hsin Electric and Machinery Manufacturing Corp. (CHEM)
AZZ, Inc.
BGR Energy Systems Ltd.
Bowers Electricals Ltd.
Emirates Transformer & Switchgear Ltd.
BRUSH Switchgear
C&S Electric Ltd.
Chint Group
Elektrofabriken I Malmo AB
CG Power and Industrial Solutions Ltd.
Daqo Group Co., Ltd.
Beijing Sojo Electric

Table Information

Report Attribute	Details
No. of Pages	610
Published	March 2024
Forecast Period	2023 - 2030
Estimated Market Value ( USD ) in 2023	$ 21.9 Billion
Forecasted Market Value ( USD ) by 2030	$ 39.3 Billion
Compound Annual Growth Rate	7.6%
Regions Covered	Global

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Key Insights:

Why You Should Buy This Report:

Key Questions Answered:

Report Features:

Select Competitors (Total 81 Featured):

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Table of Contents

Companies Mentioned (Partial List)

Table Information

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