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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.
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.
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.