Gas Insulated Switchgear Market

 Market overview

During 2015-2020 the global gas insulated switchgear market had moderate growth. During 2021-2026 the market will grow at a CAGR of around 6%. Due to the pandemic covid 19, the market is continuously under tracking and evaluation of direct as well as the indirect influence of the lockdowns and shutdowns on the different end-use industries. The gas-insulated switchgear refers to a compact metal closed cabinet, which consists of high voltage components that include circuit breakers, disconnectors and relay switches. These are insulated using sulfur hexafluoride that helps in vacuuming and circuit breaking in an electric system. In case of adverse conditions, it helps in energy transmission and integration of power generation to the grid by protecting the distribution mechanism by disengaging the system. In comparison to any other air-insulated switchgear, GIS is more reliable, environmentally friendly, adaptable and requires less maintenance. These are installed in the extension of roofs, industrial plants and offshore platforms. There are a few main key players who operates the market in the competitive landscape. ABB, Alstom, Benchmarking, Bharat heavy electricals, Eaton corporation, general electric company, Hitachi, Larsen and Turbo, Mitsubishi electrical, Powell Industries, Siemens, Toshiba International etc. 

Market segmentation

The gas-insulated switchgear market is segmented under the following components as 

By Type:

  • High Voltage GIS
  • Medium Voltage GIS
  • Low Voltage GIS

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By Installation:

  • Indoor
  • Outdoor

By Technology:

  • Hybrid Switchgear
  • Integrated Three Phase
  • Compact Gas Insulated Switchgear

By Voltage:

  • <38 kV
  • 38 kV to 72 kV
  • 73 kV to 150 kV
  • >150kV

By End-Use Sector:

  • Power Transmission
  • Power Distribution
  • Power Generation
  • Infrastructure and Transportation
  • Others

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By Region

  • The Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • the United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
    • North America
  • the United States
  • Canada
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
  • Peru
  • Others
    • The Middle East and Africa
  • Turkey
  • Saudi Arabia
  • Iran
  • The United Arab Emirates
  • Others

 Regional analysis

  • Europe is the region that will hold the dominant gas-insulated switchgear market share geographically on the basis of increasing power consumption, upgradation of hydropower plants and the government initiatives that were taken for improving grid infrastructure. 
  • The increase in investments in the expansion of distribution and transmission networks will help Asia pacific hold a notable share. 
  • North America will have significant growth on the basis of investments made for the enhancement of transmission, distribution, and overall performance of the generation of electric power for avoiding losses.
  • The middle east and African market will rise tremendously on the basis of the dominance of oil and gas plants that emphasizes the development of distribution and transmission of electric power.

Industry news

  • According to market research, HV Switchgear market will be approaching $28.8bn by 2026
  • The outdoor gas-insulated switchgear market is expected to grow well at CAGR ABB, Siemens.

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