Gas Insulated Switchgear Market by Installations, Voltage Ratings (37 to 73 kV, 74 to 220 kV, Above 220 kV), Configuration, End User

Description

List of Tables

[191 Pages Report] The Gas Insulated Switchgear Market size was estimated at USD 25.15 billion in 2023 and expected to reach USD 26.64 billion in 2024, at a CAGR 6.19% to reach USD 38.31 billion by 2030.

Global Gas Insulated Switchgear Market

KEY MARKET STATISTICS
Base Year [2023]	USD 25.15 billion
Estimated Year [2024]	USD 26.64 billion
Forecast Year [2030]	USD 38.31 billion
CAGR (%)	6.19%

A gas insulated switchgear (GIS) is a specific type of electrical switchyard equipment designed to moderate or regulate voltage levels in an electrical power system. An effective gas insulation mechanism is typically used to eliminate the probability of electrical outages caused by atmospheric conditions or short circuit scenarios. Gas-insulated switchgear, known for its high reliability and compact nature, is most widely used in sectors that demand robust and efficient power supply systems, such as the manufacturing, energy, utilities, and infrastructural domains. Its end-use varies from essential industrial plants and utility networks to big infrastructure projects. This switchgear with higher power capacity ratings is also in rising demand for use in high-voltage transmission networks, further driving its market value. The GIS class of switchgear is highly compact, requiring considerably less space than traditional air-insulated switchgear (AIS), making them especially beneficial in urban areas where space is often limited. The expansion of this market is due to the rising need for efficient power transmission systems globally, expanding infrastructure development coupled with rapid urbanization, and growing investments in renewable energy projects. However, the GIS market faces potential challenges. A significant obstruction is the high cost attached to installation and associated infrastructure that may deter potential users, particularly in economically restrained regions. Moreover, the availability of alternative technologies, such as air-insulated switchgear and hybrid switchgear, pose formidable constraints. On the other hand, the GIS market presents many opportunities. The burgeoning trend of smart grids and the rising wave of digitization opens up new opportunities for AI-driven, digital GIS systems, unleashing a wide array of potential business avenues.

Regional Insights

The United States represents a promising opportunity for GIS with the frequent upgrade of grid infrastructure and a growing focus on renewable power generation. In Canada, the abundant availability of renewable resources coupled with stringent emission norms is driving the demand for GIS. The innovations in GIS are crucial in attracting investment and fostering a favorable business environment. Furthermore, countries such as Canada and the U.S. have set goals to reduce their greenhouse gas emissions, which is expected to spur the market. The EMEA region indicates an increasing need for GIS due to massive investments in energy and industrial sectors. European countries are shifting towards sustainable energy, increasing the need for innovative, robust, versatile switchgear technologies such as GIS. The African continent portrays potential growth owing to increasing urbanization, whereas the Middle East shows a steady demand because of substantial expansion in the industrial and utility sectors. In APAC, China's urbanization process and constant upgrade of electric infrastructure in high-density cities contribute to the high demand for gas-insulated switchgear. Standards and regulations implemented by the Chinese government to reduce greenhouse emissions heighten the appeal for eco-friendly and space-saving solutions like GIS. Moreover, countries in the APAC region are heavily investing in smart grid projects and are focusing on renewable sources for power generation, thus driving the demand for GIS. In addition, the region is witnessing substantial growth owing to technological advancement and numerous research initiatives by leading market players.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Gas Insulated Switchgear Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Gas Insulated Switchgear Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Gas Insulated Switchgear Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., ALSTOM Holdings, Bharat Heavy Electricals Limited, CG Power & Industrial Solutions Ltd. by Murugappa Group, CHINT Group Co., Ltd., Chung-Hsin Electric and Machinery Manufacturing Corp., Eaton Corporation PLC, Fuji Electric Co., Ltd., General Electric Company, Hitachi, Ltd., Hyosung Heavy Industries, Hyundai Electric & Energy Systems Co., Ltd., ILJIN Electric, Meidensha Corporation, Mitsubishi Electric Corporation, Nissin Electric Co., Ltd., Powell Industries, Inc., Schneider Electric SE, SEL S.p.A., Siemens AG, and Sumitomo Electric Industries, Ltd..

Market Segmentation & Coverage

This research report categorizes the Gas Insulated Switchgear Market to forecast the revenues and analyze trends in each of the following sub-markets:

Installations
- Indoor
- Outdoor
Voltage Ratings
- 37 to 73 kV
- 74 to 220 kV
- Above 220 kV
- Up to 36 kV
Configuration
- Hybrid
- Integrated Three-phase
- Isolated Phase
End User
- Commercial & Residential
- Industrial
- Power Utilities
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Gas Insulated Switchgear Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Gas Insulated Switchgear Market?

3. What are the technology trends and regulatory frameworks in the Gas Insulated Switchgear Market?

4. What is the market share of the leading vendors in the Gas Insulated Switchgear Market?

5. Which modes and strategic moves are suitable for entering the Gas Insulated Switchgear Market?

Product Code: MRR-957C47F91C88

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Gas Insulated Switchgear Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Expanding infrastructure development coupled with rapid urbanization
  - 5.1.1.2. Rising need for efficient power transmission systems globally
  - 5.1.1.3. Growing investments in renewable energy projects
- 5.1.2. Restraints
  - 5.1.2.1. High initial cost associated with gas insulated switchgear
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing technological advancements in gas insulated switchgear technology
  - 5.1.3.2. Growing focus on smart grid infrastructure development worldwide
- 5.1.4. Challenges
  - 5.1.4.1. Availability of alternate technologies
5.2. Market Segmentation Analysis
- 5.2.1. Installations: Growing installation of gas insulated switchgear in indoor settings
- 5.2.2. Voltage Ratings: Increasing usage of 220 kV voltage range gas insulated switchgear in power utilities
- 5.2.3. Configuration: Rising preference for hybrid gas insulated switchgear structure
- 5.2.4. End-User: Expanding application of gas insulated switchgear in Industrial settings
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Gas Insulated Switchgear Market, by Installations

6.1. Introduction
6.2. Indoor
6.3. Outdoor

7. Gas Insulated Switchgear Market, by Voltage Ratings

7.1. Introduction
7.2. 37 to 73 kV
7.3. 74 to 220 kV
7.4. Above 220 kV
7.5. Up to 36 kV

8. Gas Insulated Switchgear Market, by Configuration

8.1. Introduction
8.2. Hybrid
8.3. Integrated Three-phase
8.4. Isolated Phase

9. Gas Insulated Switchgear Market, by End User

9.1. Introduction
9.2. Commercial & Residential
9.3. Industrial
9.4. Power Utilities

10. Americas Gas Insulated Switchgear Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Gas Insulated Switchgear Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Gas Insulated Switchgear Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Agreement, Collaboration, & Partnership
  - 13.3.1.1. GE and L&T to provide GIS substations for Saudi's largest green hydrogen plant
- 13.3.2. New Product Launch & Enhancement
  - 13.3.2.1. Toshiba Company Introduced 72.5 KV SF6 Free Gas Insulated Switchgear With The Brand AEROXIA
  - 13.3.2.2. ABB India inaugurates new factory to double its gas insulated switchgear
  - 13.3.2.3. Hitachi Energy to provide world's first SF6-free 420 kV gas-insulated switchgear technology at TenneT's grid connection in Germany
- 13.3.3. Investment & Funding
  - 13.3.3.1. Berlin's Nuventura raises €25M for SF6-free switchgear technologies

14. Competitive Portfolio

14.1. Key Company Profiles
- 14.1.1. ABB Ltd.
- 14.1.2. ALSTOM Holdings
- 14.1.3. Bharat Heavy Electricals Limited
- 14.1.4. CG Power & Industrial Solutions Ltd. by Murugappa Group
- 14.1.5. CHINT Group Co., Ltd.
- 14.1.6. Chung-Hsin Electric and Machinery Manufacturing Corp.
- 14.1.7. Eaton Corporation PLC
- 14.1.8. Fuji Electric Co., Ltd.
- 14.1.9. General Electric Company
- 14.1.10. Hitachi, Ltd.
- 14.1.11. Hyosung Heavy Industries
- 14.1.12. Hyundai Electric & Energy Systems Co., Ltd.
- 14.1.13. ILJIN Electric
- 14.1.14. Meidensha Corporation
- 14.1.15. Mitsubishi Electric Corporation
- 14.1.16. Nissin Electric Co., Ltd.
- 14.1.17. Powell Industries, Inc.
- 14.1.18. Schneider Electric SE
- 14.1.19. SEL S.p.A.
- 14.1.20. Siemens AG
- 14.1.21. Sumitomo Electric Industries, Ltd.
14.2. Key Product Portfolio

15. Appendix

15.1. Discussion Guide
15.2. License & Pricing