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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.
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 SF6 gas, are also propelling the market forward, aligning with Europe’s sustainability goals and fostering long-term growth.
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.