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Gas Insulated Commercial Switchgear Market Trends

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

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Gas Insulated Commercial Switchgear Market Trends

The gas-insulated commercial switchgear industry is experiencing several notable trends driven by technological advancements, regulatory pressures, and shifting energy demands. As industries prioritize efficiency, sustainability, and safety, GIS is becoming increasingly popular, especially in commercial applications. GIS offers a compact solution compared to traditional air-insulated switchgear (AIS), making it highly suitable for dense urban environments. This trend is particularly visible in sectors such as commercial real estate, healthcare, and retail, where efficient space utilization is essential. The GIS market is witnessing innovations that enhance its performance, such as improvements in gas insulation materials like sulfur hexafluoride (SF6) alternatives.

Manufacturers are focusing on creating more sustainable and environmentally friendly GIS solutions to reduce the impact of SF6, a greenhouse gas with a high global warming potential. New materials and technologies that offer better insulation properties and lower carbon footprints are in demand. The rise of smart grids is a major trend influencing the gas insulated switchgear market. As commercial sectors adopt more advanced power distribution networks, GIS plays a crucial role in the integration of these grids.

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.