Gas Insulated Switchgear Market
Gas Insulated Switchgear Market Size, Share, and Trends Analysis Report, By Insulation Types (SF6 and SF6 Free), By Configurations (Hybrid, Isolated Phase, Integrated Three Phase, and Compact GIS), By End-User (Transmission & Distribution, Manufacturing, Infrastructure & Transportation, Industries & OEM, Commercial, and Others), Forecast (2022 to 2028)
Gas-insulated switchgear market is anticipated to grow at a CAGR of 6.1% during the forecast period. Gas-insulated switchgear (GIS) is a compact metal encapsulated switchgear consisting of high-voltage components such as circuit breakers and disconnectors, which can be safely operated in confined spaces. GIS is used where space is limited, for example, extensions, in city buildings, on roofs, offshore platforms, industrial plants, and hydropower plants. The increasing clean energy demand is the major factor in the market expansion. Gas-insulated switchgear combines vacuum switching technology with clean air insulation. It operates with zero harmful greenhouse gases of any kind, zero toxic decomposition products, and zero safety requirements during handling and maintenance. This is the major reason, industries such as transmission & distribution, manufacturing, infrastructure & transportation, and others are incorporating GIS. With increasing energy investment by governments across the globe, the GIS market is set to display impressive growth. For instance, as per IEA.org, the global energy investment is set to increase by 8% in 2022 to reach $2.4 trillion, with the anticipated rise coming mainly in clean energy. Such investments will augment the expansion of micro-grid networks along with the integration of GIS to ensure grid supply security.
Segmental Outlook
The global gas insulated switchgear market is segmented based on insulation types, configuration, and end-user. On the basis of insulation types, the market is sub-segmented into Sf6 And Sf6 Free. Based on configurations, the market is sub-categorized into Hybrid, Isolated Phase, Integrated Three Phase, And Compact GIS. Further on the basis of end-user, the market is sub-divided into transmission & distribution, manufacturing, infrastructure & transportation, industries & OEM, commercial, and others. Among these, the transmission & distribution segment is expected to hold a lucrative market share during the forecast period. The increasing adoption of renewal energy sources for power generation is the crucial factors driving the demand and adoption of gas-insulated switchgear for power transmission, thereby propelling the segment growth.
Regional Outlook
Geographically, the global market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). Among these, the North American region is likely to be in the dominant position due to expanding industrialization and urbanization in countries, such as Mexico, the US, and Canada. Moreover, the stringent government guidelines for decreasing carbon footprint have boosted the installation of gas-insulated switchgear across the major economies of the region, thereby driving market growth.
Global Gas Insulated Switchgear Market Growth, By Region 2022-2028
Asia-Pacific Emerge as Fastest Growing Region in Gas Insulated Switchgear Market
Geographically, Asia-Pacific witnessed the fastest growth in the global gas-insulated switchgear market. The region is further projected to grow at the fastest CAGR during the forecast period. The increasing power demand in the region owing to the rising industrialization is one of the major factors that has augmented the high demand for gas-insulated switchgear in power grids. Apart from these, surged electrification projects due to increased demand and consumption of power is also the factor the market for gas insulated switchgear is growing. Significant investments in the transmission and distribution (T&D) infrastructure and the implementation of government policies for increasing the availability of clean energy across the major economies will create huge scope for market growth.
Market Players Outlook
The major market players in the global gas insulated switchgear market include ABB Group, General Electric Co., Siemens AG, Schneider Electric SE, Eaton Corp, Mitsubishi Electric Corp, Hitachi, Ltd., Hyundai Electric & Energy Systems Co., Ltd, Fuji Electric Co., Ltd., among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in September 2021, Toshiba Energy Systems & Solutions Corporation and Meidensha Corporation collaborated on the development of gas-insulated switchgear (GIS) for 72kV/84kV using a natural origin gas that contains without SF6 at all.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global gas insulated switchgear market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Gas Insulated Switchgear Market by Insulation Types
4.1.1. SF6
4.1.2. SF6 free
4.2. Global Gas Insulated Switchgear Market by Configurations
4.2.1. Hybrid
4.2.2. Isolated Phase
4.2.3. Integrated Three Phase
4.2.4. Compact GIS
4.3. Global Gas Insulated Switchgear Market by End-User
4.3.1. Transmission & Distribution
4.3.2. Manufacturing
4.3.3. Infrastructure & Transportation
4.3.4. Industries & OEM
4.3.5. Commercial
4.3.6. Others
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. ABB Group
6.2. CG Power and Industrial Solutions
6.3. Eaton Corp
6.4. Fuji Electric Co., Ltd.
6.5. General Electric Co
6.6. Hitachi, Ltd.
6.7. Hyosung Heavy Industries
6.8. Hyundai Electric & Energy Systems Co., Ltd
6.9. Lucy Group Ltd.
6.10. Meidensha Corp
6.11. Mitsubishi Electric Corp
6.12. Nissin Electric Co., Ltd
6.13. Powell Industries Inc
6.14. Schneider Electric SE
6.15. Siemens AG
6.16. Toshiba Energy Systems & Solutions Corp
6.17. Yueqing Liyond Electric Co. Ltd.
1. GLOBAL GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY INSULATION TYPES, 2021-2028 ($ MILLION)
2. GLOBAL SF6 GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL SF6 FREE GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY CONFIGURATIONS, 2021-2028 ($ MILLION)
5. GLOBAL HYBRID GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL ISOLATED PHASE GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL INTEGRATED THREE PHASE GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL COMPACT GIS PHASE GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
10. GLOBAL GAS INSULATED SWITCHGEAR IN TRANSMISSION & DISTRIBUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL GAS INSULATED SWITCHGEAR IN MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL GAS INSULATED SWITCHGEAR IN INFRASTRUCTURE & TRANSPORTATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL GAS INSULATED SWITCHGEAR IN INDUSTRIES & OEM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL GAS INSULATED SWITCHGEAR IN COMMERCIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL GAS INSULATED SWITCHGEAR IN OTHER END-USER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. NORTH AMERICAN GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. NORTH AMERICAN GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY INSULATION TYPES, 2021-2028 ($ MILLION)
18. NORTH AMERICAN GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY CONFIGURATIONS, 2021-2028 ($ MILLION)
19. NORTH AMERICAN GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
20. EUROPEAN GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. EUROPEAN GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY INSULATION TYPES, 2021-2028 ($ MILLION)
22. EUROPEAN GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY CONFIGURATIONS, 2021-2028 ($ MILLION)
23. EUROPEAN GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY INSULATION TYPES, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY CONFIGURATIONS, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
28. REST OF THE WORLD GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
29. REST OF THE WORLD GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY INSULATION TYPES, 2021-2028 ($ MILLION)
30. REST OF THE WORLD GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY CONFIGURATIONS, 2021-2028 ($ MILLION)
31. REST OF THE WORLD GAS INSULATED SWITCHGEAR MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. GLOBAL GAS INSULATED SWITCHGEAR MARKET SHARE BY INSULATION TYPES, 2021 VS 2028 (%)
2. GLOBAL GAS INSULATED SWITCHGEAR MARKET SHARE BY CONFIGURATIONS, 2021 VS 2028 (%)
3. GLOBAL GAS INSULATED SWITCHGEAR MARKET SHARE BY END-USER, 2021 VS 2028 (%)
4. GLOBAL GAS INSULATED SWITCHGEAR MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL SF6 GAS INSULATED SWITCHGEAR MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL SF6 FREE GAS INSULATED SWITCHGEAR MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL HYBRID GAS INSULATED SWITCHGEAR MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL ISOLATED PHASE GAS INSULATED SWITCHGEAR MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL INTEGRATED THREE PHASE GAS INSULATED SWITCHGEAR MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL COMPACT GIS PHASE GAS INSULATED SWITCHGEAR MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL GAS INSULATED SWITCHGEAR IN TRANSMISSION & DISTRIBUTION MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL GAS INSULATED SWITCHGEAR IN MANUFACTURING MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL GAS INSULATED SWITCHGEAR IN INFRASTRUCTURE & TRANSPORTATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL GAS INSULATED SWITCHGEAR IN INDUSTRIES & OEM MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL GAS INSULATED SWITCHGEAR IN COMMERCIAL MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. GLOBAL GAS INSULATED SWITCHGEAR IN OTHER END-USER MARKET SHARE BY REGION, 2021 VS 2028 (%)
17. US GAS INSULATED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
18. CANADA GAS INSULATED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
19. UK GAS INSULATED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
20. FRANCE GAS INSULATED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
21. GERMANY GAS INSULATED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
22. ITALY GAS INSULATED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
23. SPAIN GAS INSULATED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF EUROPE GAS INSULATED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
25. INDIA GAS INSULATED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
26. CHINA GAS INSULATED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
27. JAPAN GAS INSULATED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
28. SOUTH KOREA GAS INSULATED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF ASIA-PACIFIC GAS INSULATED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF THE WORLD GAS INSULATED SWITCHGEAR MARKET SIZE, 2021-2028 ($ MILLION)
