Global High-voltage (HV) Gas-insulated Switchgear (GIS) Market Research Report: Forecast (2022-2027)

Market Definition

High-Voltage (HV) Gas-Insulated Switchgear (GIS) is an encapsulated compact metal switchgear that consists of components like circuit-breakers & disconnections. These elements can safely operate in confined spaces. Usually, these HV GIS is used where space is limited, extensions in buildings, offshore platforms, industrial plants, & hydropower plants, among others. 

Market Insights

The Global High-voltage (HV) Gas-insulated Switchgear (GIS) Market is projected to grow at a CAGR of around 6.9% during the forecast period, i.e., 2022-27. The market is driven by the increasing investment by the governments of different countries and their initiatives in activities for the development of transmission & distribution infrastructure for High-Voltage Gas-Insulated Switchgears, catering to the rising demand for electricity across locations.

Besides, as high voltage gas insulated switchgear provides several advantages like minimization of operations and maintained cost during power transmission, its potential is estimated substantial in the future. Moreover, increasing awareness about renewable power is another aspect leading to significant adoption of renewable energy and influencing market growth. Additionally, a growing number of government initiatives for the development of renewable power and spreading awareness about renewable power are also driving the significant adoption of renewable energy.ransmission grid in Europe.

On the other hand, rising industrial development globally is propelling the demand for more power supply to maintain protection units for power supply and integrate high voltage gas insulated switchgear in a power station. This increase in demand for electricity is set to positively impact the growth of the gas-insulated switchgear industry during the forecast period and shall demonstrate continuous development in power transmission demand for high voltage gas-insulated switchgear.

In addition, burgeoning investments in smart grids & energy systems and the extension or replacement of old switchgear at substations in developed regions such as North America, and Europe among others are expected to create an ample number of opportunities in the Global High-voltage (HV) Gas-insulated Switchgear (GIS) market in the forecast period. For instance:

• In 2019, ABB received a contract from Svenska kraftnat to supply 400-Kv high voltage gas-insulated switchgear for the upgradation of the latter’s substation and extend the electricity t

Market Segmentation

Based on Insulation Type:

• SF6
• SF6-free

Here, SF6 gas-based High-voltage Gas Insulated Switchgear acquired a considerable share during the historical period. The Gas Insulated Switchgears have enclosed structures with sulfur hexafluoride (SF6) gas or SF6 gas with the combination of other inert gases. This type of structure reduces the chances of electricity surge between the enclosed wiring and helps to make the overall switchgear compact. The increasing focus on the up-gradation of power distribution systems across the country, growing demand for electricity production, etc., are some of the key reasons for the high demand for SF6 gas-based medium and high voltage switchgear. 

Furthermore, Gas-insulated switchgear, which uses Sulphur hexafluoride (SF6) gas as the insulating medium, is picking up pace and gaining popularity and is emerging as the preferred technology, especially, in the transmission segment. This kind of switchgear is also suitable for use in locations with severe weather conditions (high temperature and high altitudes) and industrial environments. While establishing a substation, the required space allocation for the SF6 type switchgear while installing, due to which the usage of SF6 Gas Insulated Switchgear is expected to grow considerably in the forthcoming years.

Based on Installation:

• Indoor
• Outdoor

Here, Indoor-based High-voltage switchgear installations captured a moderate share in the historic years and are anticipated to prevail in the same trend during the forecast period. It owes to the benefits of indoor installations to provide a stable environment for the switchgear systems to function on days & nights as the temperature rises extremely high on days & dips to freezing temperatures during nights. 

Besides, the uninterrupted power supply is a key factor driving the demand for high-voltage indoor gas-insulated switchgear. The industrial sector also supports the growth of the indoor gas-insulated switchgear market, with manufacturing facilities or assembling plants adopting indoor gas-insulated switchgear as an integral part of their power network. 

Based on End-Users:

• Commercial
• Utilities (Power Distribution, Power Generation Utilities)
• Industrial
• Residential
• Transportation (Railways Metro, etc.)

Here, Utilities like Power Distribution witnessed a modest growth of the Global High-voltage (HV) Gas-insulated Switchgear (GIS) Market back in the historic years owing to the increased focus on electricity generation & transmission with the year-on-year increase in the electricity demand globally. The power distribution utilities include non-renewable and renewable sources of energy to fulfil the electricity demand. 

The mounting adoption of renewal energy sources for power generation makes it necessary to upgrade the current infrastructure to allow easy integration of the electricity generated from renewable sources. Therefore, developing economies such as India, China, and Japan aim to achieve 100% electrification and, as a result, are working extensively towards expanding the current infrastructure. These factors are expected to boost the growth of power distribution utilities. Also, the growing HVDC market across the globe is anticipated to aid the growth of the market with large projects in the forthcoming years.

Regional Projection

On the geographical front, the Global High-voltage (HV) Gas-insulated Switchgear (GIS) Market expands across:

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

Here, Asia-Pacific is anticipated to acquire a significant market share during the forecast period. It owes principally to the high demand for these products backed by the higher electric power demand, especially across countries like India, China, & Indonesia, among others. 

Followed by, regions like North America & Europe are also set to make substantial contributions to the Global High-Voltage Gas-Insulated Switchgear Market growth in the coming years. The governments of different countries in the region have implemented stringent laws to curb emissions & focus substantially on the development & utilization of renewable energy, exemplifying a rise in the number of energy projects & energy-efficient sectors. Such aspects are leading to new transmission & distribution lines and production units across the region, hinting at a positive influence on the market.

Furthermore, the rise in commercial & industrial development across these regions is also contributing to the expansion of power distribution networks, impacting the overall landscape of the switchgear Global High-Voltage Gas-Insulated Switchgear Market through 2027.

Recent Developments in the Global High-voltage (HV) Gas-insulated Switchgear (GIS) Market

ABB is one of the leading technology companies that energizes the transformation of society and industry to achieve a productive, sustainable future. The company concentrated on sectors like infrastructure, financing, mobility, energy, etc. They provided end-to-end solutions to various industries. The energy business focuses on providing products & services like the installation to its consumers.

• In 2021, ABB announced the launch of its 420 kV high voltage hybrid switchgear, covering the offering range and reinforcing its technology leadership. The new product belongs to ABB’s PASS (Plug and Switch System) family of hybrid high voltage switchgear.

Key Questions Answered in the Market Research Report:

1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Global High-voltage (HV) Gas-insulated Switchgear (GIS) Market?
2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global High-voltage (HV) Gas-insulated Switchgear (GIS) Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global High-voltage (HV) Gas-insulated Switchgear (GIS) Market based on the competitive benchmarking matrix?
5. What are the key results derived from surveys conducted during the Global High-voltage (HV) Gas-insulated Switchgear (GIS) Market study?