Gas Insulated Switchgear Market By Voltage, By Application, By Technology : Global Opportunity Analysis and Industry Forecast, 2023-2032

List of Tables

The global gas insulated switchgear market was valued at $23.0 billion in 2022, and is projected to reach $35.2 billion by 2032, growing at a CAGR of 4.3% from 2023 to 2032.

Electrical systems use gas-insulated switchgear (GIS) to isolate, control, and safeguard electrical equipment. Sulfur hexafluoride (SF6) gas is used as an insulating medium in GIS, as opposed to conventional air-insulated switchgear (AIS), in order to obtain a compact design and enhanced electrical performance. GIS enclosures are built as metal-clad, sealed structures that provide strong resistance to environmental factors. The main insulating medium is SF6 gas due to its excellent dielectric qualities and strong capacity to extinguish electrical sparks.

To regulate and isolate electrical circuits, GIS integrates a range of disconnectors, earthing switches, and circuit breakers. Busbars are made of conductive materials, such copper or aluminum, which guarantees effective power distribution throughout the switchgear. Substation layouts can be made more space-efficient with GIS than with standard AIS designs. The overall dependability of GIS is improved by its sealed architecture and lack of exposure to outside influences. The enclosed design limits contact with live parts, and the use of SF6 gas lowers the risk of fire and explosion.

High-voltage substations that handle the transmission and distribution of electrical power frequently employ GIS. GIS can be used in a variety of industrial settings when limited space calls for a dependable and small solution. Substations linked to renewable energy sources, such solar and wind power, can include GIS. SF6 is a strong greenhouse gas with a high potential for global warming, despite its superior insulating qualities (GWP). The goal of ongoing work is to find substitute gasses or less environmentally harmful technologies. The ongoing dependability of GIS depends on routine maintenance and monitoring practices. This includes evaluating the state of SF6 gas, carrying out examinations, and carrying out any required maintenance or replacements.

Even while air-insulated switchgear is frequently employed, it does have some drawbacks, including a greater physical footprint and poorer insulation performance in extremely corrosive or polluted conditions. On the other hand, when a more compact design or better insulation performance are needed, gas-insulated switchgear, or GIS, is selected. In response to environmental concerns regarding sulfur hexafluoride (SF6) and its high global warming potential (GWP), industry efforts are being made to develop and install SF6-free solutions for gas-insulated switchgear (GIS). SF6-free gas-insulated switchgear uses different insulating gases or technologies to alleviate these environmental problems.

Moreover, there is a lot of potential for GIS manufacturers to meet environmental standards and satisfy the growing market demand for sustainable solutions through the development and production of SF6-free alternatives. The incorporation of GIS into smart grids presents opportunities for enhanced power distribution network monitoring, control, and communication. Growing infrastructure development and urbanization in developing nations present chances for GIS producers to increase their market share in these areas.

A trend in which alternative insulating gases or technologies are used to create and market GIS products devoid of SF6 to address environmental concerns. Internet of Things (IoT) and digital technology integration in GIS for enhanced operational efficiency, predictive maintenance, and real-time monitoring. To accommodate space limits and make installation easier in urban settings, manufacturers are concentrating on creating GIS designs that are compact and modular. increased partnerships and collaborations to foster innovation and handle market difficulties amongst GIS manufacturers, utilities, and research institutes.

The gas insulated switchgear market is segmented based on voltage, application, technology, and region. By voltage, the market is divided into high voltage, medium voltage, and low voltage. On the basis of the application, it is categorized into residential & commercial, industrial, and utility. On the basis of the technology, the gas insulated switchgear market is classified into hybrid switchgear, integrated three phase, and compact gas insulated switchgear. Region-wise, the gas insulated switchgear market analysis is done across North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the global gas insulated switchgear industry are Mitsubishi Electric Co., State Grid Co. Of China, Abb Tech Ag, Hitachi Ltd., Siemens Ag, Hyundai Heavy Industries Co. Ltd., Toshiba Co., Bharat Heavy Electricals Limited, Schneider Electric, and Crompton Greaves Limited. Other players include Fuji Electric, Eaton Corporation plc, General Electric, Nissan Electric Co. Ltd., Meidensha Corporation, and others.

Strategic developments undertaken by key players.

The Hitachi and Schneider Electric firms collaborated in August 2022 to offer portfolios in medium- and high-voltage technologies that would increase customer value and hasten the deployment of sustainable and intelligent energy management solutions. Both businesses were able to expand their product lines with this partnership.
ABB and Samsung Electronics collaborated in April 2022 to develop energy-saving and energy-management technologies. The companies were able to better serve customers by transferring electricity loads, improving device management, and providing access to home automation technology through this arrangement.
Eaton Corporation plc acquired Royal Power Solutions, a US-based manufacturer of electrical connector components, in February 2021. The acquisition improved the company's line of products.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the gas insulated switchgear market analysis from 2022 to 2032 to identify the prevailing gas insulated switchgear market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the gas insulated switchgear market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global gas insulated switchgear market trends, key players, market segments, application areas, and market growth strategies.

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Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Historic market data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
List of customers/consumers/raw material suppliers- value chain analysis
SWOT Analysis

Key Market Segments

By Technology

Hybrid Switchgear
Integrated Three Phase
Compact Gas Insulated Switchgear

By Voltage

High
Medium
Low

By Application

Residential and Commercial
Industrial
Utility

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA

Key Market Players:

Mitsubishi Electric Corporation
State Grid Corporation of China Limited
ABB
Hitachi Ltd.
Siemens AG
Hyundai Heavy Industries Co Ltd
TOSHIBA CORPORATION
Bharat Heavy Electricals Limited
Schneider Electric

Product Code: A304202

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
3.5. Value Chain Analysis
3.6. Patent Landscape

CHAPTER 4: GAS INSULATED SWITCHGEAR MARKET, BY VOLTAGE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. High
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Medium
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Low
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country

CHAPTER 5: GAS INSULATED SWITCHGEAR MARKET, BY APPLICATION

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Residential and Commercial
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Industrial
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Utility
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country

CHAPTER 6: GAS INSULATED SWITCHGEAR MARKET, BY TECHNOLOGY

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Hybrid Switchgear
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Integrated Three Phase
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Compact Gas Insulated Switchgear
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country

CHAPTER 7: GAS INSULATED SWITCHGEAR MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Voltage
- 7.2.3. Market size and forecast, by Application
- 7.2.4. Market size and forecast, by Technology
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Market size and forecast, by Voltage
  - 7.2.5.1.2. Market size and forecast, by Application
  - 7.2.5.1.3. Market size and forecast, by Technology
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Market size and forecast, by Voltage
  - 7.2.5.2.2. Market size and forecast, by Application
  - 7.2.5.2.3. Market size and forecast, by Technology
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Market size and forecast, by Voltage
  - 7.2.5.3.2. Market size and forecast, by Application
  - 7.2.5.3.3. Market size and forecast, by Technology
7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Voltage
- 7.3.3. Market size and forecast, by Application
- 7.3.4. Market size and forecast, by Technology
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. Germany
  - 7.3.5.1.1. Market size and forecast, by Voltage
  - 7.3.5.1.2. Market size and forecast, by Application
  - 7.3.5.1.3. Market size and forecast, by Technology
  - 7.3.5.2. UK
  - 7.3.5.2.1. Market size and forecast, by Voltage
  - 7.3.5.2.2. Market size and forecast, by Application
  - 7.3.5.2.3. Market size and forecast, by Technology
  - 7.3.5.3. France
  - 7.3.5.3.1. Market size and forecast, by Voltage
  - 7.3.5.3.2. Market size and forecast, by Application
  - 7.3.5.3.3. Market size and forecast, by Technology
  - 7.3.5.4. Italy
  - 7.3.5.4.1. Market size and forecast, by Voltage
  - 7.3.5.4.2. Market size and forecast, by Application
  - 7.3.5.4.3. Market size and forecast, by Technology
  - 7.3.5.5. Spain
  - 7.3.5.5.1. Market size and forecast, by Voltage
  - 7.3.5.5.2. Market size and forecast, by Application
  - 7.3.5.5.3. Market size and forecast, by Technology
  - 7.3.5.6. Rest of Europe
  - 7.3.5.6.1. Market size and forecast, by Voltage
  - 7.3.5.6.2. Market size and forecast, by Application
  - 7.3.5.6.3. Market size and forecast, by Technology
7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Voltage
- 7.4.3. Market size and forecast, by Application
- 7.4.4. Market size and forecast, by Technology
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Market size and forecast, by Voltage
  - 7.4.5.1.2. Market size and forecast, by Application
  - 7.4.5.1.3. Market size and forecast, by Technology
  - 7.4.5.2. Japan
  - 7.4.5.2.1. Market size and forecast, by Voltage
  - 7.4.5.2.2. Market size and forecast, by Application
  - 7.4.5.2.3. Market size and forecast, by Technology
  - 7.4.5.3. India
  - 7.4.5.3.1. Market size and forecast, by Voltage
  - 7.4.5.3.2. Market size and forecast, by Application
  - 7.4.5.3.3. Market size and forecast, by Technology
  - 7.4.5.4. South Korea
  - 7.4.5.4.1. Market size and forecast, by Voltage
  - 7.4.5.4.2. Market size and forecast, by Application
  - 7.4.5.4.3. Market size and forecast, by Technology
  - 7.4.5.5. Australia
  - 7.4.5.5.1. Market size and forecast, by Voltage
  - 7.4.5.5.2. Market size and forecast, by Application
  - 7.4.5.5.3. Market size and forecast, by Technology
  - 7.4.5.6. Rest of Asia-Pacific
  - 7.4.5.6.1. Market size and forecast, by Voltage
  - 7.4.5.6.2. Market size and forecast, by Application
  - 7.4.5.6.3. Market size and forecast, by Technology
7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Voltage
- 7.5.3. Market size and forecast, by Application
- 7.5.4. Market size and forecast, by Technology
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Brazil
  - 7.5.5.1.1. Market size and forecast, by Voltage
  - 7.5.5.1.2. Market size and forecast, by Application
  - 7.5.5.1.3. Market size and forecast, by Technology
  - 7.5.5.2. Saudi Arabia
  - 7.5.5.2.1. Market size and forecast, by Voltage
  - 7.5.5.2.2. Market size and forecast, by Application
  - 7.5.5.2.3. Market size and forecast, by Technology
  - 7.5.5.3. South Africa
  - 7.5.5.3.1. Market size and forecast, by Voltage
  - 7.5.5.3.2. Market size and forecast, by Application
  - 7.5.5.3.3. Market size and forecast, by Technology
  - 7.5.5.4. Rest of LAMEA
  - 7.5.5.4.1. Market size and forecast, by Voltage
  - 7.5.5.4.2. Market size and forecast, by Application
  - 7.5.5.4.3. Market size and forecast, by Technology

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2022

CHAPTER 9: COMPANY PROFILES

9.1. Mitsubishi Electric Corporation
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
9.2. State Grid Corporation of China Limited
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
9.3. ABB
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
9.4. Hitachi Ltd.
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
9.5. Siemens AG
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
9.6. Hyundai Heavy Industries Co Ltd
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
9.7. TOSHIBA CORPORATION
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
9.8. Bharat Heavy Electricals Limited
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
9.9. Schneider Electric
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments