Market Research Report

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

By Insulation Type (SF6, SF6-free), By End Users (Commercial, Utilities (Power Distribution, Power Generation Utilities), Industrial, Residential, Transportation (Railways Metro, e...tc.)), By Installation (Indoor, Outdoor), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific), By Competitors (ABB Ltd., Siemens, Schneider Electric SE, Eaton Corporation plc, Mitsubishi Electric Corporation, Hitachi, Fuji Electric Co., Ltd., Larsen & Toubro Ltd, Nissin Electric Co., Ltd, Alstom SA, Meidensha Corporation, Powell Industries Inc., Hyundai Electric & Energy, General Electric, CG Power and Industrial Solutions Limited, Others) Read more

  • Energy
  • Sep 2022
  • 185
  • PDF, Excel, PPT

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.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR (2022-2027) 6.9%
Regions Covered North America: USA, Canada, Mexico
South America: Brazil, Argentina, Rest of South America
Europe: The UK, Germany, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
Middle East & Africa: Saudi Arabia, UAE, South Africa, Rest of Middle East & Africa
Key Companies Profiled ABB Ltd., Siemens, Schneider Electric SE, Eaton Corporation plc, Mitsubishi Electric Corporation, Hitachi, Fuji Electric Co., Ltd., Larsen & Toubro Ltd, Nissin Electric Co., Ltd, Alstom SA, Meidensha Corporation, Powell Industries Inc., Hyundai Electric & Energy, General Electric, CG Power and Industrial Solutions Limited, Others
Unit Denominations USD Million/Billion

 

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

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

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?

Frequently Asked Questions

   A. The High-voltage (HV) Gas-insulated Switchgear (GIS) Market is projected to grow at a CAGR of around 6.9% during 2022-27.

   A. SF6 is anticipated to emerge as an area of remunerative opportunities for the leading players in the High-voltage (HV) Gas-insulated Switchgear (GIS) Market during the forecast period.

   A. “Asia-Pacific” would offer substantial growth prospects in the High-voltage (HV) Gas-insulated Switchgear (GIS) Market during 2022-27.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global High-voltage (HV) Gas-insulated Switchgear (GIS) Market Trends & Insights
  5. Global High-voltage (HV) Gas-insulated Switchgear (GIS) Market Dynamics
    1. Growth Drivers
    2. Challenges
  6. Global High-voltage (HV) Gas-insulated Switchgear (GIS) Market Hotspot & Opportunities
  7. Global High-voltage (HV) Gas-insulated Switchgear (GIS) Market Policies & Regulations
  8. Global High-voltage (HV) Gas-insulated Switchgear (GIS) Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Insulation Type
        1. SF6
        2. SF6-free
      2. By End Users
        1. Commercial
        2. Utilities (Power Distribution, Power Generation Utilities)
        3. Industrial
        4. Residential
        5. Transportation (Railways Metro, etc.)
      3. By Installation
        1. Indoor
        2. Outdoor
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      5. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
  9. North America High-voltage (HV) Gas-insulated Switchgear (GIS) Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Insulation Type
      2. By End Users
      3. By Installation
      4. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US High-voltage (HV) Gas-insulated Switchgear (GIS) Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By End User
    4. Canada High-voltage (HV) Gas-insulated Switchgear (GIS) Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By End User
    5. Mexico High-voltage (HV) Gas-insulated Switchgear (GIS) Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By End User
  10. South America High-voltage (HV) Gas-insulated Switchgear (GIS) Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Insulation Type
      2. By End Users
      3. By Installation
      4. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil High-voltage (HV) Gas-insulated Switchgear (GIS) Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By End User
    4. Argentina High-voltage (HV) Gas-insulated Switchgear (GIS) Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By End User
  11. Europe High-voltage (HV) Gas-insulated Switchgear (GIS) Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Insulation Type
      2. By End Users
      3. By Installation
      4. By Country
        1. The UK
        2. Germany
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. The UK High-voltage (HV) Gas-insulated Switchgear (GIS) Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
    4. Germany High-voltage (HV) Gas-insulated Switchgear (GIS) Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
    5. France High-voltage (HV) Gas-insulated Switchgear (GIS) Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
    6. Italy High-voltage (HV) Gas-insulated Switchgear (GIS) Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
    7. Spain High-voltage (HV) Gas-insulated Switchgear (GIS) Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
  12. The Middle East & Africa High-voltage (HV) Gas-insulated Switchgear (GIS) Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Insulation Type
      2. By End Users
      3. By Installation
      4. By Country
        1. The UAE
        2. Saudi Arabia
        3. South Africa
        4. Rest of Middle East & Africa
    3. The UAE High-voltage (HV) Gas-insulated Switchgear (GIS) Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
    4. Saudi Arabia High-voltage (HV) Gas-insulated Switchgear (GIS) Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
    5. South Africa High-voltage (HV) Gas-insulated Switchgear (GIS) Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By End Users
  13. Asia-Pacific High-voltage (HV) Gas-insulated Switchgear (GIS) Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Insulation Type
      2. By End Users
      3. By Installation
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
        6. Rest of Asia Pacific
    3. China High-voltage (HV) Gas-insulated Switchgear (GIS) Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By End User
    4. India High-voltage (HV) Gas-insulated Switchgear (GIS) Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By End User
    5. Japan High-voltage (HV) Gas-insulated Switchgear (GIS) Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By End User
    6. South Korea High-voltage (HV) Gas-insulated Switchgear (GIS) Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By End User
    7. Australia High-voltage (HV) Gas-insulated Switchgear (GIS) Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenues (USD Million)
      2. Market Share & Analysis
        1. By End User
  14. Global High-voltage (HV) Gas-insulated Switchgear (GIS) Market Key Strategic Imperatives for Success & Growth
  15. Competition Outlook
    1. Competition Matrix
      1. Target Markets
      2. Research & Development
      3. Collaborations & Strategic Alliances
      4. Key Business Expansion Initiatives
      5. Business Restructuring- Mergers, Acquisitions, JVs
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. ABB Ltd.
      2. Siemens
      3. Schneider Electric SE
      4. Eaton Corporation plc
      5. Mitsubishi Electric Corporation
      6. Hitachi
      7. Fuji Electric Co., Ltd.
      8. Larsen & Toubro Ltd,
      9. Nissin Electric Co., Ltd
      10. Alstom SA
      11. Meidensha Corporation
      12. Powell Industries Inc.
      13. Hyundai Electric & Energy
      14. General Electric
      15. CG Power and Industrial Solutions Limited
      16. Others
  16. Disclaimer


High-voltage (HV) Gas-insulated Switchgear (GIS) Market Segmentation