Market overview for gas-insulated switchgear (GIS)
The gas insulated switchgear (GIS) market has witnessed strong growth in recent years, driven by the increasing demand for reliable and efficient power transmission and distribution systems. GIS is a compact, multi-component structure used in substations to switch, control and protect electrical circuits. Unlike traditional air-insulated switchgear, GIS uses sulfur hexafluoride (SF6) as the insulating medium, which enables the size of the switchgear to be reduced and makes it suitable for applications in confined environments.
GIS technology is used in many areas including power generation, transmission and distribution, industrial applications, and infrastructure projects. The expansion of the market is mainly driven by the increasing energy demand, urbanization, and ongoing modernization of aging electrical infrastructure in many regions. In addition, the emphasis on renewable energy integration and the shift to smart grid solutions are expected to further drive the GIS market in the coming years.
Gas Insulated Switchgear (GIS) market size was valued at USD 9.38 billion in 2023. The Gas Insulated Switchgear (GIS) market is expected to grow from USD 9.7 billion in 2024 to USD 12.7 billion by 2032. The CAGR (growth rate) of the Gas Insulated Switchgear (GIS) market is expected to be around 3.42% during the forecast period 2024-2032.
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Major companies in the gas insulated switchgear (GIS) market include Larsen Toubro, Bharat Heavy Electricals Limited, Hyundai Electric Energy Systems, CG Power and Industrial Solutions, Mitsubishi Electric, Crompton Greaves, Toshiba, Hitachi, ABB, Schneider Electric, Shandong Electric Power Construction Corporation and Eaton Corporation.
Market scope:
This report comprehensively segments the Gas Insulated Switchgear (GIS) market. The regional market sizes with respect to products by type, application, and players are also provided. For a deeper understanding of the market, the report offers profiles of the competitive landscape, key competitors, and their respective market positions. The report also discusses technological trends and new product developments.
Voltage Level: GIS systems are available in different voltage levels, from medium to high voltage. The high voltage GIS segment dominates the market due to its extensive use in transmission and distribution networks. Medium voltage GIS is mainly used in industrial applications and urban substations.
End-use industries: The major end-use industries for GIS include power generation, transmission and distribution, industrial, infrastructure and transportation. The power generation and transmission and distribution segments are the largest consumers of GIS systems as they require reliable and efficient power infrastructure. The industrial sector also contributes significantly to the market growth as GIS is used in manufacturing plants, refineries and chemical plants.
Gas Insulated Switchgear (GIS) Market Dynamics:
The dynamics of the Gas Insulated Switchgear (GIS) market are influenced by several factors including technological advancements, regulatory framework, environmental aspects and economic conditions. The market is characterized by a high level of competition with key players focusing on innovation, strategic partnerships and mergers and acquisitions to strengthen their market presence.
One of the key trends driving the GIS market is the increasing adoption of digital GIS systems. Digital GIS offer enhanced monitoring and diagnostic capabilities and enable real-time data analysis, which improves operational efficiency and reduces maintenance costs. The integration of digital technologies into GIS systems is expected to create new opportunities for market growth, especially in smart grid applications.
Market drivers
Several key factors are contributing to the growth of the gas insulated switchgear (GIS) market. One of the major drivers is the increasing demand for reliable and uninterrupted power supply. As urbanization continues to increase, especially in emerging economies, there is a growing need for efficient and compact electrical infrastructure to support growing cities and industries. GIS, with their space-saving design and high reliability, are becoming the preferred choice for urban substations and industrial plants.
The global push for renewable energy integration is another key driver for the GIS market. The transition to renewable energy sources such as wind and solar power requires a sophisticated electrical infrastructure to handle the intermittent and decentralized nature of these energy sources. GIS plays a critical role in this transition by providing efficient switching and protection solutions for renewable energy facilities.
Market restrictions
Despite the positive growth prospects, the gas insulated switchgear (GIS) market faces several challenges and constraints. One of the major constraints is the high initial cost of GIS systems compared to traditional air insulated switchgear. The sophisticated technology and use of SF6 gas contribute to the higher cost of GIS, which can be a barrier for some end users, especially in cost-sensitive markets.
Environmental concerns related to SF6 gas are another significant constraint for the GIS market. SF6 is a potent greenhouse gas with a GWP thousands of times higher than carbon dioxide. Increasing regulatory pressure to reduce SF6 emissions and the potential for future restrictions on its use pose a challenge for GIS manufacturers. The development and adoption of alternative insulating gases with lower environmental impact are still in their early stages and their commercial viability remains uncertain.
Insights into Gas Insulated Switchgear (GIS) Market Segmentation
Gas-insulated switchgear – market voltage outlook
Up to 100 kV
100 kV to 200 kV
200 kV to 400 kV
Over 400 kV
Gas Insulated Switchgear (GIS) Market Installation Type Outlook
Interior
Outdoors
Gas Insulated Switchgear GIS Market Gas Type Outlook
Sulfur hexafluoride (SF6)
Fluorinated nitrogen (C4F8N2)
Other
Application outlook for gas-insulated switchgear (GIS)
Power generation
Transmission distribution
industry
Market outlook for gas-insulated switchgear (GIS)
Circuit breaker
Disconnector
Earthing switch
Current transformer
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Competitive analysis:
Research allows marketers to learn about emerging consumer trends and market segments where they may be experiencing a sharp decline in their market share. Learn about your true competitors in the market, as well as market position, market share percentage, and segmented revenue of the keyword market.
Geographically, a detailed analysis of consumption, revenue, market share, growth rate, etc. for Gas Insulated Switchgear (GIS) is done in the following regions:
» North America (USA, Canada and Mexico)
» Europe (Germany, France, Great Britain, Russia, Italy)
» Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
» South America (Brazil, Argentina, Colombia)
» Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa)
Gas Insulated Switchgear (GIS) Market 2024-2032: Key Highlights:
✔ Detailed information on the factors that will contribute to the growth of the Gas Insulated Switchgear (GIS) market in the next few years.
✔ Forecast upcoming trends and changes in consumer behavior, growth in the Gas Insulated Switchgear (GIS) market.
✔ The compound annual growth rate (CAGR) of the market during the forecast period 2024-2031.
✔ Analyzes the competitive landscape of the market and provides detailed information about the suppliers.
✔ The insightful research report on Gas Insulated Switchgear (GIS) market includes Pestle analysis, Porter’s Five Forces Analysis, and SWOT analysis to understand the factors influencing consumer and supplier behavior.
Reasons to buy this report:
☛ These reports highlight the opportunities and challenges facing gas insulated switchgear (GIS) manufacturers worldwide.
☛ Through the study we identify areas and sectors that are ripe for expansion.
☛ The market is extremely competitive and is characterized by notable company rankings, new product launches, collaborations, corporate expansions and acquisitions.
☛ We go in-depth on each major market player, providing comprehensive company profiles, insights into corporate strategies, product reviews, and SWOT analysis.
☛ Our analysis paints a clear picture of the current state and future prospects of the industry, taking into account the recent advancements, growth potential, driving forces, obstacles, and geographical limitations in the developed regions.
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