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Europe HV Gas Insulated Switchgear Market Share
Leading companies such as ABB and Siemens maintain their dominance in the Europe HV gas insulated switchgear industry by leveraging their technological expertise, diverse product portfolios, and extensive global reach. They provide innovative solutions like digital substations that enable real-time monitoring, enhance automation, and support predictive maintenance—key factors in ensuring grid stability and maximizing performance. Through continuous investment in research and development, these industry leaders introduce cutting-edge technologies that promote the integration of renewable energy and accelerate the adoption of smart grid solutions.
Europe HV Gas Insulated Switchgear Market Companies
Major players operating in the Europe HV gas insulated switchgear industry are:
- ABB
- Bharat Heavy Electricals
- CG Power and Industrial Solutions
- E + I Engineering
- Eaton
- Fuji Electric
- General Electric
- HD Hyundai Electric
- Hitachi
- Lucy Group
- Mitsubishi Electric
- Ormazabal
- Schneider Electric
- Siemens
- Skema
- Toshiba
What is driving the demand for 72.5 kV voltage GIS?
The 72.5 kV voltage segment is expected to surpass USD 4.6 billion by 2034, due to its compact and efficient power transmission capabilities, particularly in urban and industrial areas with space constraints.
How big is the Europe HV gas insulated switchgear market?
The Europe HV gas insulated switchgear market was reached USD 5.8 billion in 2024 and is projected to grow at a CAGR of 8.1% from 2025 to 2034, driven by the rising demand for reliable and space-efficient power infrastructure.
How is the Russia HV gas insulated switchgear market performing?
The Russia HV gas insulated switchgear market is projected to exceed USD 1.1 billion by 2034, supported by efforts to modernize aging power infrastructure and increasing investments in renewable energy projects.
What is the growth outlook for the offshore wind segment in the Europe HV GIS market?
The offshore wind segment is anticipated to grow at a CAGR of over 25% through 2034, as offshore wind farms require compact and reliable equipment for high-voltage power transmission in confined spaces.
Who are the major players in the Europe HV gas insulated switchgear market?
Key players in the market include ABB, Bharat Heavy Electricals, CG Power and Industrial Solutions, E + I Engineering, Eaton, Fuji Electric, General Electric, HD Hyundai Electric, Hitachi, Lucy Group, Mitsubishi Electric, Ormazabal, Schneider Electric, Siemens, Skema, and Toshiba.