Gas-Insulated Switchgear Market | Exactitude Consultancy Reports

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Exactitude Consultancy Latest Published Gas-Insulated Switchgear Market Research Report 2022 by Installation (Indoor and Outdoor), End user (Transmission Utility, Distribution Utility, Generation Utility, Railways & Metros, Industry & OEM), Region (North America, Europe, Asia Pacific, South America, Middle East and Africa), Global Trends and Forecast from 2023 to 2028

The global #gasinsulatedswitchgear market is projected to grow from USD 16.9 billion in 2023 to USD 34.90 billion by 2028, at a CAGR of 9.5%.

The gas-insulated switchgear (GIS) is metal-enclosed, which is more environment-friendly, more reliable, and more flexible when compared to air-insulated switchgear (AIS). Due to its space optimization, low maintenance, and protection against external elements, the demand for gas-insulated switchgear is expected to rise in the coming years. The transformation of the power industry is expected to drive the demand for the gas-insulated switchgear market during the forecast period. Factors such as high equipment cost when compared to AIS, along with stringent environmental and safety regulations related to GIS, are hindering the market growth.

The gas-insulated switchgear market, by installation, has been segmented into indoor and outdoor. The outdoor segment is estimated to be the fastest-growing segment during the forecast period.

An indoor gas-insulated switchgear is generally of metal-clad type. In this type of construction, all live parts are completely enclosed in an earthed metal casing. The indoor type of gas-insulated switchgears is commonly used in medium-voltage applications where the enclosure type is suitable for indoor environments. Most of the indoor gas-insulated switchgears are used in industries and commercial applications for power stability, where the substations are installed at a medium voltage.

The market, by end user, has been segmented into power transmission utility, power generation utility, power distribution utility, railways & metros, industrial & OEMs, and commercial. The transmission segment is expected to be the most significant gas-insulated switchgear market, by end user, during the forecast period. This dominance can be attributed to growing power requirements due to rising urbanization along with a growing population, resulting in an increase in the transmission network across the world.

Few of the important market players include ABB, Siemens, Schneider Electric, General Electric, Eaton Corporation, Mitsubishi Electric, Hitachi, Hyundai Electric & Energy Systems, Fuji Electric and Crompton Greaves Power and Industrial Solutions.

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