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Gas Insulated Commercial Switchgear Market Size

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

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Gas Insulated Commercial Switchgear Market Size

The global gas insulated commercial switchgear market was valued at USD 5.4 billion in 2024 and is estimated to grow at a CAGR 6.9% from 2025 to 2034, due to increased demand for energy-efficient and reliable power distribution systems is driving the adoption of GIS, particularly in gas insulated commercial sectors such as healthcare, retail, and industrial applications. GIS offers compactness, safety, and minimal maintenance, making it ideal for urban areas with limited space for traditional air-insulated switchgear (AIS). Moreover, the growing focus on modernizing electrical infrastructure, along with rising investments in renewable energy sources, is fuelling the demand for GIS as a critical component of smart grids and energy transition efforts.

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Government regulations promoting cleaner, safer, and more efficient energy solutions further boost the market. In addition, advancements in GIS technology, such as enhanced gas insulation and automation, are increasing its appeal. As industries continue to prioritize sustainability and grid modernization, the gas insulated commercial switchgear industry is expected to continue expanding.

Gas Insulated Commercial Switchgear Market Report Attributes
Report Attribute	Details
Base Year:	2024
Gas Insulated Commercial Switchgear Market Size in 2024:	USD 5.4 Billion
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	6.9%
2034 Value Projection:	USD 9.7 Billion
Historical Data for:	2021 - 2023
No. of Pages:	100
Tables, Charts & Figures:	20
Segments covered:	Voltage, Current
Growth Drivers:	Rising Demand for Electricity Growing Renewable Energy Integration
Pitfalls & Challenges:	High dependency on imports

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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.