Gas Insulated Switchgear Market

Gas Insulated Switchgear Market Size:

The global gas insulated switchgear market size reached USD 26.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 47.3 Billion by 2032, exhibiting a growth rate (CAGR) of 6.3% during 2024-2032. The market is expanding rapidly mainly driven by the rising demand for reliable and compact power distribution systems. The widespread adoption of high voltage and hybrid GIS solutions, integration with smart grid technologies and growth in renewable energy projects are also contributing positively to the market growth.

Gas Insulated Switchgear Market Analysis:

• Major Market Drivers: Key market drivers include the rising demand for space efficient and reliable Power Distribution systems, technological advancements in high voltage and hybrid GIS solutions and the growing need for grid modernization. Rising investments in the renewable energy projects and urban infrastructure development are also driving the market growth. Furthermore, the push for sustainable energy solutions and strict regulatory standards for environmental impact further accelerate the adoption of GIS technology in power systems.
• Key Market Trends: Key market trends include the growing shift toward high voltage and hybrid GIS systems which combines both traditional and gas insulated technologies for enhanced efficiency. The increasing emphasis on digitalization and IoT integration enables advanced monitoring and predictive maintenance, significantly driving the gas insulated switchgear market growth. These technologies enhance system performance, reliability, and efficiency by providing real-time data and insights, which support proactive maintenance and optimized operations. As a result, the adoption of GIS solutions is accelerating, fueled by their ability to meet the demands of modern, smart grids and infrastructure. The rise in renewable energy projects and infrastructure modernization further drives the GIS demand, while adoption of environmentally friendly SF6 gas alternatives reflects the commitment to sustainability and regulatory compliance.
• Geographical Trends: Geographical trends in the market shows significant growth in Asia Pacific mainly driven by its rapid industrialization and urbanization in countries like India and China. North America and Europe are also experiencing significant growth, mainly focusing on grid modernization and renewable energy integration. Emerging markets in Middle East and Africa are heavily investing in power infrastructure while regions with aging electrical grids are upgrading to GIS technology for improved reliability and efficiency.
• Competitive Landscape: Some of the major market players in the gas insulated switchgear industry include ABB, Alstom, Benchmarking, Bharat Heavy Electricals Limited, Eaton Corporation, General Electric Company, Hitachi, Larsen & Toubro, Meidensha, Mitsubishi Electric, Powell Industries, Schneider Electric, Siemens, Toshiba International Corporation, among many others.
• Challenges and Opportunities: The market faces various challenges such as high initial costs and complexity in installation and maintenance. However, there are substantial opportunities driven by the increasing need for space-efficient and reliable power distribution systems. The growing focus on renewable energy integration, advancements in digital technology, and the push for environmental sustainability with SF6 gas alternatives present significant growth prospects. These factors contribute to the extensive adoption of GIS technology across various sectors and regions.

Gas Insulated Switchgear Market Trends:

Integration in Renewable Energy

The integration of renewable energy sources, such as solar and wind power, is a significant driver for the adoption of Gas Insulated Switchgear (GIS) technology. GIS systems facilitate this integration by providing reliable and efficient solutions for managing fluctuating power loads and maintaining grid stability. For instance, in April 2023, Larsen & Toubro secured orders to provide gas-insulated switchgear (GIS) substations for new renewable energy parks in Gujarat and Andhra Pradesh in India. The company will supply 765 kV and 400 kV GIS substations at the Khavda renewable energy zone in Gujarat, along with air-insulated switchgear (AIS) bays at the pooling and remote-end substations. These new developments are a part of India's evolving power generation landscape, supporting the integration of multiple solar and wind projects. Their compact design and high reliability make them ideal for connecting distributed renewable energy sources to the grid, while minimizing space requirements and maintenance needs. By enhancing the efficiency and stability of power distribution networks, GIS technology supports the seamless incorporation of renewable energy, contributing to a more sustainable and resilient energy infrastructure. According to the gas insulated switchgear market forecast, the continued expansion of renewable energy projects and investments in grid modernization are expected to drive significant growth in the GIS sector, further enhancing its role in supporting a sustainable and reliable power infrastructure.

Technological Advancements

Technological advancements in Gas Insulated Switchgear (GIS) are significantly enhancing operational efficiency and system reliability. Digital GIS solutions, which include advanced monitoring, control, and diagnostic capabilities, allow for real-time data analysis and predictive maintenance, reducing downtime and improving system performance. The increasing integration with smart grid technologies further enhances these benefits by enabling automated grid management, better load forecasting, and improved response to power fluctuations. These innovations facilitate more precise control and optimization of electrical networks, leading to greater efficiency and reliability in power distribution. As a result, GIS technology is becoming increasingly integral to modern, intelligent energy infrastructure. For instance, in September 2023, ABB launched the 500mm panel version of its UniGear ZS1 air-insulated medium-voltage switchgear at ADIPEC 2023. The new switchgear is created to offer a sustainable and space-saving solution for industries facing space constraints. Technological advancements in GIS technology is likely to impact gas insulated switchgear market value positively in coming future.

High Voltage and Hybrid Systems

The market for Gas Insulated Switchgear (GIS) is witnessing a significant rise in high voltage and hybrid systems. High voltage GIS, designed to manage large power loads efficiently, is crucial for modernizing power grids and enhancing distribution capacity. For instance, in November 2023, Kerala's first 400-kV substation with gas-insulated switchgear, crucial for power distribution, opened in Kottayam. The substation, part of the TransGrid 2.0 project, cost ₹152 crore and reduced transmission loss by 119.65 million units per year. With the use of Gas-Insulated Switchgear (GIS) technology, the substation offered low maintenance costs and required less space than conventional substations. Hybrid switchgear systems combine the strengths of traditional air-insulated switchgear and advanced gas-insulated technologies, offering a versatile solution that balances cost, performance, and space efficiency. These systems provide improved reliability and reduced footprint, making them suitable for both urban and industrial applications. The adoption of high voltage and hybrid GIS solutions supports the evolving needs of energy infrastructure and contributes to more resilient and efficient power networks.

Gas Insulated Switchgear Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type, installation, technology, voltage and end-use sector.

Breakup by Type:

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

High Voltage GIS accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the type. This includes high voltage GIS, medium voltage GIS, and low voltage GIS. According to the report, high voltage GIS represented the largest segment.

High Voltage Gas Insulated Switchgear (GIS) dominates the Gas Insulated Switchgear market due to its critical role in managing and distributing electricity at high voltages efficiently and safely. This segment benefits from the increasing demand for reliable and space-saving solutions in power generation and transmission infrastructure. High Voltage GIS systems offer enhanced reliability, reduced maintenance needs, and superior performance compared to traditional air-insulated switchgear. Their ability to operate in compact spaces and harsh environments further drives their adoption. As urbanization and infrastructure development continue, the high voltage GIS segment is poised to maintain its leading market share, fueled by ongoing technological advancements and infrastructure investments. For instance, in June 2024, TECO Electric & Machinery Co. Ltd. (1504) and Siemens Taiwan announced collaboration to develop 24KV Sulfur hexafluoride-free (blue GIS) clean-air gas insulated switchgear in Taiwan. The collaboration aims to address the urgent need for SF6 gas alternatives due to environmental concerns. This initiative, aligned with Taiwan's push towards net-zero carbon emissions, is set to significantly contribute to sustainable development and enhance the country's power supply quality. These partnerships are expected to drive significant growth in the adoption of environmentally friendly GIS solutions, thereby creating a positive gas insulated switchgear market outlook.

Breakup by Installation:

• Indoor
• Outdoor
   

Outdoor holds the largest share of the industry

A detailed breakup and analysis of the market based on the installation have also been provided in the report. This includes indoor and outdoor. According to the report, outdoor represented the largest segment.

Outdoor Gas Insulated Switchgear (GIS) holds the largest share of the market due to its suitability for high-voltage applications in open environments. This segment's dominance is attributed to its ability to withstand harsh weather conditions and its space-saving advantages compared to traditional air-insulated switchgear. Outdoor GIS systems are designed for high reliability and minimal maintenance, making them ideal for substations and transmission networks. Their adoption is further driven by the growing need for efficient and reliable power distribution in urban and rural areas. The emphasis on reducing footprint and enhancing operational efficiency continues to drive the outdoor gas insulated switchgear demand. For instance, in March 2023, Toshiba Transmission & Distribution Systems (India) Private Limited (TTDI) secured orders for 23 units of 400kV and 9 units of 220kV Gas Insulated Switchgear (GIS) to strengthen power transmission and distribution networks in Goa and Andhra Pradesh. The GIS units will be manufactured in Hyderabad and installed in open-air environments. TTDI's advanced technology and manufacturing capabilities will support the development of transmission and distribution networks and the integration of green energy in India.

Breakup by Technology:

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

Hybrid Switchgear represents the leading market segment 

The report has provided a detailed breakup and analysis of the market based on the technology. This includes hybrid switchgear, integrated three phase, and compact gas insulated switchgear. According to the report, hybrid switchgear represented the largest segment.

According to gas insulated switchgear market research report, hybrid switchgear represents the leading segment mainly due to its integration of traditional air-insulated and modern gas-insulated technologies. This hybrid approach combines the compact, space-saving benefits of GIS with the cost-effectiveness and reliability of air-insulated switchgear. Hybrid switchgear systems offer enhanced operational flexibility, allowing for easier upgrades and maintenance while maintaining high performance in managing electrical power. The growing demand for modular and adaptable solutions in urban and industrial environments drives the popularity of hybrid switchgear. Its ability to deliver both high reliability and reduced footprint makes it a preferred choice in the industry.

Breakup by Voltage:

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

< 38 kV exhibits a clear dominance in the market 

A detailed breakup and analysis of the market based on the voltage have also been provided in the report. This includes < 38 kV, 38 kV to 72 kV, 73 kV to 150 kV, and > 150 kV. According to the report, < 38 kV represented the largest segment.

According to gas insulated switchgear market report, switchgear systems rated at <38 kV exhibit clear dominance in the Gas Insulated Switchgear (GIS) market due to their widespread applicability in various sectors. These lower voltage systems are essential for managing electrical power efficiently in urban infrastructure, industrial plants, and utility networks. Their compact design allows for installation in space-constrained environments, while their high reliability and minimal maintenance requirements make them ideal for frequent use. The growing emphasis on upgrading and modernizing electrical grids to enhance efficiency and reliability drives the demand for <38 kV GIS systems. Their versatility and cost-effectiveness further solidify their leading position in the market.

Breakup by End-Use Sector:

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

Power Generation dominates the market

The report has provided a detailed breakup and analysis of the market based on the end-use sector. This includes power transmission, power distribution, power generation, infrastructure and transportation, and others. According to the report, power generation represented the largest segment.

The power generation sector holds a dominant position in the market due to its critical need for reliable and efficient electrical infrastructure. Gas insulated switchgear (GIS) is highly valued in power plants for its compact size, high safety standards, and exceptional reliability, which are essential in handling high voltage levels and managing electrical loads effectively. This technology is particularly suitable for space-constrained environments like urban power stations. Additionally, GIS enhances operational safety and reduces maintenance requirements, making it a preferred choice for modernizing existing power generation facilities and developing new projects, especially in regions with growing energy demands.

Breakup by Region:

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

Asia Pacific leads the market, accounting for the largest gas insulated switchgear market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, and others); and the Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates, and others). According to the report, Asia Pacific represents the largest regional market for gas insulated switchgear.

Asia Pacific leads the market, accounting for the largest gas insulated switchgear (GIS) market share due to rapid industrialization and urbanization across the region. According to the gas insulated switchgear market overview, the region’s increasing emphasis on modernizing energy infrastructure to accommodate the expansion of urban areas and industrial sectors is significantly driving GIS market growth. Major economies, such as China and India, are investing heavily in infrastructure development and modernization of power grids, which drives demand for advanced GIS solutions. For instance, in January 2023, China's State Grid Corporation announced their plans to invest $77 Billion in power grid transmission. Additionally, the company will contribute $329 Billion throughout the 2021-2025 Five-Year Plan period, alongside other utilities, bringing the total national investment to $442 Billion. Favorable government policies and initiatives aimed at improving electrical reliability and efficiency contribute to Asia Pacific's dominant market position.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the gas insulated switchgear industry include:

• ABB
• Alstom
• Benchmarking
• Bharat Heavy Electricals Limited
• Eaton Corporation
• General Electric Company
• Hitachi
• Larsen & Toubro
• Meidensha
• Mitsubishi Electric
• Powell Industries
• Schneider Electric
• Siemens
• Toshiba International Corporation
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

The Gas Insulated Switchgear (GIS) market is shaped by various key players employing advanced technologies and comprehensive distribution networks to maintain competitive edges. Leading gas insulated switchgear companies generally focus on innovation in design and efficiency, enhancing product reliability and minimizing environmental impact. Strategic partnerships with utility companies and infrastructure developers are crucial for market expansion. For instance, in July 2024, Mitsubishi Electric secured an order for its 84kV dry air insulated switchgear from Kansai Transmission and Distribution, Inc. in Japan. The switchgear, a green, greenhouse gas-free product, is designed for use in substations. As the first company in Japan to develop GIS that doesn't use greenhouse gases (GHGs), Mitsubishi Electric's innovation reflects the growing demand for environmentally friendly solutions. Competitive pricing is influenced by economies of scale and technological advancements. Firms emphasize high-quality materials and safety features to differentiate their offerings. Continuous research and development (R&D), along with adherence to regulatory standards, further strengthen their market position and address evolving consumer needs, which in turn is expected to increase gas insulated switchgear market revenue in the coming future.

Gas Insulated Switchgear Market News:

• In February 2023, ABB India opened a new state-of-the-art factory in Nashik, doubling its Gas Insulated Switchgear (GIS) production capacity to meet the increasing demand for power equipment. The facility is equipped with smart and lean manufacturing capabilities and has also launched eco-efficient switchgear PrimeGear™ ZX0, which offers SF6-free alternatives, reducing global warming potential by 100%. This move strengthens ABB India's commitment to supporting 'Atmanirbhar Bharat' and 'Make in India' while contributing to the nation's journey towards achieving net zero emissions.
• In June 2023, GE Grid Solutions secured a contract with Larsen & Toubro to provide three 380 kV gas-insulated switchgear (GIS) substations for Saudi Arabia's largest green hydrogen plant. The plant, located in the NEOM area, aims to produce carbon-free hydrogen using wind and solar power. GE will handle the design, manufacturing, and installation of 92 bays of GIS, ensuring a reliable power supply. Larsen & Toubro will oversee the project's engineering, procurement, and construction.

Gas Insulated Switchgear Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the gas insulated switchgear market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global gas insulated switchgear market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the gas insulated switchgear industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.