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Europe HV Gas Insulated Switchgear Market Size

Report ID: GMI7375
Published Date: Dec 2024
Report Format: PDF

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Europe HV Gas Insulated Switchgear Market Size

The global Europe HV gas insulated switchgear market was valued at USD 5.8 billion in 2024 and is estimated to grow at a CAGR 8.1% from 2025 to 2034, due to rising demand for reliable and space-efficient power infrastructure. Increasing investments in renewable energy projects, such as offshore wind farms, necessitate advanced HV GIS solutions due to their compact design and superior insulation capabilities. Urbanization and the expansion of smart grids further bolster the market, as GIS is ideal for densely populated areas where space is at a premium.

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Additionally, stringent regulations on reducing carbon emissions and enhancing grid efficiency are encouraging the adoption of gas-insulated technology over traditional air-insulated systems. Key markets, including Germany, the UK, and France, are investing heavily in upgrading aging electrical infrastructure. Technological advancements, such as eco-friendly alternatives to SF₆gas, are also propelling the market forward, aligning with Europe’s sustainability goals and fostering long-term growth.

Europe HV Gas Insulated Switchgear Market Report Attributes
Report Attribute	Details
Base Year:	2024
Europe HV Gas Insulated Switchgear Market Size in 2024:	USD 5.8 Billion
Forecast Period:	2025 – 2034
Forecast Period 2025 – 2034 CAGR:	8.1%
2025 – 2034 Value Projection:	USD 12.9 Billion
Historical Data for:	2021 – 2024
No. of Pages:	100
Tables, Charts & Figures:	20
Segments covered:	Voltage, Insulation, Current, Application
Growth Drivers:	Rising demand for electricity Growing renewable energy integration
Pitfalls & Challenges:	Low dependency on imports

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Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

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.

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.

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.

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.

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.