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

Gas Insulated Commercial Switchgear Market Analysis

  • Report ID: GMI11011
  • Published Date: Nov 2024
  • Report Format: PDF

Gas Insulated Commercial Switchgear Market Analysis

Based on voltage, low voltage segments is anticipated to surpass USD 5 billion by 2034, due to a significant increase in demand for reliable and compact power distribution systems in commercial sectors. Low voltage gas-insulated switchgear (LV GIS) is particularly favored in urban and commercial environments where space is limited, and safety is a top priority. As cities grow and infrastructure becomes more complex, the need for space-efficient and robust electrical systems intensifies. LV GIS is ideal for applications in densely populated areas like office buildings, shopping centers, and industrial complexes, where real estate is expensive, and space is constrained.
 

Gas Insulated Commercial Switchgear Market Share, By Current, 2024

Based on current, the AC segment is projected to achieve a CAGR of over 7% through 2034, on account of the increasing demand for efficient and reliable power distribution systems in commercial applications, particularly in industries with high electrical load requirements. The expansion of commercial infrastructure, including office buildings, shopping malls, and industrial facilities, is increasing the demand for robust power distribution systems. AC power systems are widely used in these environments, as they provide a stable and reliable source of energy.
 

U.S. Gas Insulated Commercial Switchgear Market Size, 2022 - 2034,  (USD Billion)

The U.S. gas insulated commercial switchgear market is likely to exceed USD 800 million by 2034, on account of the increasing demand for reliable, compact, and efficient power distribution systems across various commercial sectors. As urban centres expand and infrastructure projects increase, the need for space-efficient and reliable power distribution systems is growing. GIS offers a compact solution that is ideal for densely populated cities, where space is limited for traditional air-insulated switchgear. This is especially important in commercial buildings, shopping centres, data centres, and industrial facilities.
 

APAC is experiencing some of the fastest urbanization rates globally, with countries like China, India, Japan, and Southeast Asian nations leading the way. As cities grow, there is an increasing need for modern electrical infrastructure that can accommodate expanding commercial sectors. GIS offers a compact and reliable solution for these high-demand environments, especially in densely populated urban areas where space for traditional air-insulated switchgear (AIS) is limited.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The global market for gas insulated commercial switchgear was reached USD 5.4 billion in 2024 and is estimated to grow at a 6.9% CAGR from 2025 to 2034, driven by increased demand for energy-efficient and reliable power distribution systems.

The low voltage segment is anticipated to surpass USD 5 billion by 2034, due to the significant increase in demand for reliable and compact power distribution systems in commercial sectors.

The AC segment is projected to achieve a CAGR of over 7% through 2034, led by the increasing demand for efficient and reliable power distribution systems in commercial applications.

The U.S. gas insulated commercial switchgear market is likely to exceed USD 800 million by 2034, propelled by the increasing demand for reliable, compact, and efficient power distribution systems across various commercial sectors.

Major players in the industry include ABB, Bharat Heavy Electricals, CG Power and Industrial Solutions, E + I Engineering, Eaton, Fuji Electric, General Electric, HD Hyundai Electric, Hitachi, Hyosung Heavy Industries, Lucy Group, Mitsubishi Electric, Ormazabal, Schneider Electric, Siemens, Skema, and Toshiba.

Gas Insulated Commercial Switchgear Market Scope

Buy Now


Premium Report Details

  • Base Year: 2024
  • Companies covered: 17
  • Tables & Figures: 20
  • Countries covered: 21
  • Pages: 100
 Download Free Sample