Home > Energy & Power > Electrical Equipment > Switchgears > Asia Pacific Gas Insulated Commercial Switchgear Market

Asia Pacific Gas Insulated Commercial Switchgear Market Trends

Report ID: GMI11615
Published Date: Sep 2024
Report Format: PDF

Download Free Sample

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.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market was valued at USD 2.7 billion In 2023 and is projected to grow at a CAGR of 6.4% from 2024 to 2032, driven by rising energy demands, urbanization, industrialization, and infrastructural advancements.

The low voltage segment is expected to exceed USD 2.2 billion by 2032. This growth is due to the increasing demand for reliable and efficient power distribution in commercial buildings, urban infrastructure, and smaller industrial facilities.

China's market is anticipated to surpass USD 1.9 billion by 2032. The adoption of digital and data-driven technologies in the power sector, such as real-time monitoring and predictive maintenance, is amplifying the need for advanced GIS solutions.

Companies like ABB, Siemens, Hitachi Energy Ltd., Eaton, and Mitsubishi Electric Corporation dominate the regional landscape. Their ongoing investments and expansions highlight the region's pivotal role in driving industry advancements.