High-voltage (HV) Gas-insulated Switchgear (GIS) Market Poised for Robust Growth, Forecasted to Expand at 6.9% CAGR from 2024-30

MarkNtel Advisors has released its latest report highlighting strong growth in 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., 2024-30.

Report Coverage

This report offers a comprehensive analysis of the High-voltage (HV) Gas-insulated Switchgear (GIS) Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

• Base Year: 2023
• Forecast Years: 2024-30
• Historical Years: 2019-22

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

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.

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

The High-voltage (HV) Gas-insulated Switchgear (GIS) is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Insulation Type

• SF6 – Market Size & Forecast, By Revenues (USD Million)
• SF6-free – Market Size & Forecast, By Revenues (USD Million)

By End Users

• Commercial
  • Infrastructure – Market Size & Forecast, By Revenues (USD Million)
  • Government  – Market Size & Forecast, By Revenues (USD Million)
  • Others – Market Size & Forecast, By Revenues (USD Million)
• Utilities
  • Power Generation – Market Size & Forecast, By Revenues (USD Million)
  • Power Transmission & Distribution – Market Size & Forecast, By Revenues (USD Million)
• Industrial
  • Process – Market Size & Forecast, By Revenues (USD Million)
  • Discrete   – Market Size & Forecast, By Revenues (USD Million)
  • Oil & Gas – Market Size & Forecast, By Revenues (USD Million)
  • Others – Market Size & Forecast, By Revenues (USD Million)
• Transportation (Railways Metro, etc.) – Market Size & Forecast, By Revenues (USD Million)
• Others– Market Size & Forecast, By Revenues (USD Million)

By Installation

• Indoor– Market Size & Forecast, By Revenues (USD Million)
• Outdoor– Market Size & Forecast, By Revenues (USD Million)

By Configuration

• Hybrid– Market Size & Forecast, By Revenues (USD Million)
• Isolated Phase– Market Size & Forecast, By Revenues (USD Million)
• Integrated Three Phase– Market Size & Forecast, By Revenues (USD Million)
• Compact GIS– Market Size & Forecast, By Revenues (USD Million)

By Voltage Rating

• Upto 5KV– Market Size & Forecast, By Revenues (USD Million)
• 6 KV to 15KV– Market Size & Forecast, By Revenues (USD Million)
• 16 KV to 27 KV– Market Size & Forecast, By Revenues (USD Million)
• 28 KV to 40.5 KV– Market Size & Forecast, By Revenues (USD Million)
• 6 KV to 73 KV– Market Size & Forecast, By Revenues (USD Million)
• 74 to 220 KV– Market Size & Forecast, By Revenues (USD Million)
• Above 220 KV– Market Size & Forecast, By Revenues (USD Million)

By Region

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

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Top High-voltage (HV) Gas-insulated Switchgear (GIS) Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies ABB Ltd., Siemens, Schneider Electric SE, General Electric, Eaton Corporation plc,   Mitsubishi Electric Corporation, Hitachi, Fuji Electric Co., Ltd., Nissin Electric Co., Ltd,   Meidensha Corporation, Powell Industries Inc., HD Hyundai Electric, Hyosung Heavy   Industries, Toshiba, CG Power and Industrial Solutions, and thers as key players shaping the market landscape.

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

• 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 Report

• What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
• How the industry has been evolving, and which segments would dominate the market during the forecast period?
• What are the key opportunity areas that companies foresee in the coming years 2030?
• Who are the key players in the market, and what are their competitive strengths?
• What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

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