Asia Pacific Gas Insulated Commercial Switchgear Market - By Voltage, By Current & Regional Forecast, 2024 - 2032

Asia Pacific Gas Insulated Commercial Switchgear Market Size

Asia Pacific gas insulated commercial switchgear market size was valued at USD 2.7 billion in 2023 and is expected to grow with a CAGR of 6.4% from 2024 to 2032, driven by increasing energy demand, rapid urbanization, industrialization, and infrastructural development across the region.
 

The growth of the gas-insulated switchgear market in the Asia Pacific region is the need for reliable, compact and efficient electrical systems that can handle the growth of electricity demand while minimizing energy losses. It offers several advantages over traditional air-insulated switchgear, including a smaller footprint, higher operational reliability, and reduced maintenance requirements. These attributes makes it attractive for commercial and industrial facilities in densely populated and space-constrained urban areas. Rapid urbanization has increased the need for high-performance and space-saving electrical infrastructure.
 

Government policies and regulations across Asia Pacific are encouraging the deployment of more efficient and environmentally friendly electrical infrastructure. Many countries in the region are investing heavily in smart grid technologies which require modern, reliable, and high-performance switchgear solutions. The rising awareness of the environmental impact of traditional switchgear which often contains sulfur hexafluoride (SF6), a potent greenhouse gas, has led to innovations in the GIS market. The ongoing developments in electrical infrastructure and increasing consumer demand for advanced switchgear solutions is expected to expand significantly in the coming years that offers lucrative opportunities for regional players.
 

Asia Pacific Gas Insulated Commercial Switchgear Market Trends

Gas-insulated switchgear is known for its space-saving design, high reliability, and minimal maintenance requirements, driving the growth for the demand including the push for grid modernization, the increasing adoption of renewable energy which heightened environmental regulations and advancements in smart grid technologies. Governments across the region are making substantial investments of their decarbonization efforts and to meet the rising energy needs of their populations. GIS is essential in integrating renewable energy sources into the power grid, as it offers superior safety, flexibility and operational efficiency.
 

Countries such as Japan, South Korea, and Australia have been continuously adopting renewable energy technologies and their commitment to expanding clean energy capacity is driving the demand for advanced switchgear solutions. The growing focus on decarbonization and sustainable energy solutions is expected to further boost the adoption of GIS in the region. Additionally, manufacturers are focusing on enhancing the safety features of gas insulated switchgear which is incorporating advanced protection mechanisms to prevent electrical faults and reduce the risk of fire.
 

Asia Pacific Gas Insulated Commercial Switchgear Market Analysis

Based on voltage, the low voltage segment is expected to overtake USD 2.2 billion by 2032, driven by the increasing demand for reliable and efficient power distribution in commercial buildings, urban infrastructure and smaller industrial facilities. The integration of renewable energy sources into grids to which it requires compact, safe, and low-maintenance solutions that can be met by low-voltage switchgear. It occupies less space than traditional air-insulated switchgear and is easier to install in confined areas to provide a high degree of operational reliability.
 

Based on current, Asia Pacific gas insulated commercial switchgear market from AC segment is anticipated to grow with a rate of 6.3% by 2032. The AC segment in a variety of applications, ranges from small-scale commercial buildings to large industrial complexes. The need for reliable AC switchgear to ensure uninterrupted power supply and to manage fluctuating loads is driving the growth of this segment. Smart grids require advanced electrical infrastructure that can handle fluctuating power demands and ensure seamless integration with renewable energy sources. AC GIS with its enhanced digital capabilities, helps to monitor and manage electrical distribution in smart grids, where governments and utilities are investing heavily in upgrading their electrical infrastructure to accommodate future energy demands.
 

China gas insulated commercial switchgear market is anticipated to surpass 1.9 billion by 2032. The adoption of digital and data-driven technologies in the power sector, including real-time monitoring, predictive maintenance, and condition-based monitoring, amplifies the need for advanced GIS solutions. It helps to ensure optimal performance and reduce the risk of power outages, which is necessitate for commercial applications. The need for dependable and space-efficient electrical solutions has significantly grown with the use of gas-insulated switchgear for its compact design and improved safety features.
 

Asia Pacific Gas Insulated Commercial Switchgear Market Share

Companies such as ABB, Siemens, Hitachi Energy Ltd., Eaton and Mitsubishi Electric Corporation share and hold a strong regional presence which maintain the market strategies and the importance of the Asia Pacific market. Ongoing investments and expansions in the region propel the forefront of industry advancements. ABB's dedication to innovation is reflected in its development of advanced technologies that enhance efficiency and intelligence across various industries. The company's extensive footprint in Asia Pacific further reinforces its leadership position, significantly bolstering its global market share.
 

Asia Pacific Gas Insulated Commercial Switchgear Market Companies

• ABB
• Chint Group
• E + I Engineering
• Eaton Corporation
• Fuji Electric
• Hitachi
• Hyosung Corporation
• Hyundai Electric & Energy Systems
• Lucy Group
• Mitsubishi Electric Corporation
• Powell Industries
• Regal Rexnord Corporation
• Siemens
• Schneider Electric
• Skema
   

Asia Pacific Gas Insulated Commercial Switchgear Industry News

• In October 2022, Schneider Electric introduced its new AirSeT range of primary GIS switchgear for clean electricity distribution. This product is designed to support both industrial and grid decarbonization efforts, offering operational and maintenance benefits through advanced digital features. The medium voltage technology provides a comprehensive suite of data-driven capabilities that monitor the performance of electrical distribution applications and facilitate predictive and preventive maintenance. This launch enhanced Schneider Electric’s product portfolio within the medium voltage switchgear segment.
   

Asia Pacific gas insulated commercial switchgear market research report includes in-depth coverage of the industry with estimates & forecast in terms of “'USD Million” & ‘000 Units” from 2021 to 2032, for the following segments:

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Market, By Voltage, 2021 – 2032 (USD Million & ‘000 Units)

• Low
• Medium
• High

Market, By Current, 2021 – 2032 (USD Million, ‘000 Units)

• AC
• DC

The above information has been provided for the following countries across the Asia Pacific:

• China
• Australia
• India
• Japan
• South Korea