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Gas Insulated Industrial Switchgear Market Size

Report ID: GMI11597
Published Date: Nov 2024
Report Format: PDF

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Gas Insulated Industrial Switchgear Market Size

The global gas insulated industrial switchgear market was valued at USD 5.4 billion in 2024 and is estimated to grow at a CAGR 5.4% from 2025 to 2034, due to increasing demand for reliable and efficient power distribution systems. GIS offers several advantages over conventional air-insulated switchgear, including a more compact design, reduced environmental footprint, and higher reliability, making it suitable for applications in dense urban areas and industrial settings. One of the primary drivers for GIS adoption is the growing need for electrical grids capable of supporting renewable energy sources.

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Additionally, GIS's ability to withstand high voltage applications and offer enhanced protection against environmental factors makes it essential for industrial applications, especially in industries like manufacturing, oil and gas, and mining. The increasing demand for infrastructure modernization and urbanization also contributes to market growth. As cities expand, the need for space-efficient and robust switchgear systems becomes more critical, with GIS being a preferred solution due to its smaller size and ability to operate in confined spaces.

Gas Insulated Industrial Switchgear Market Report Attributes
Report Attribute	Details
Base Year:	2024
Gas Insulated Industrial Switchgear Market Size in 2024:	USD 5.4 Billion
Forecast Period:	2025 – 2034
Forecast Period 2025 – 2034 CAGR:	5.4%
2025 – 2034 Value Projection:	USD 9.3 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 industrial switchgear was reached USD 5.4 billion in 2024 and is estimated to grow at a 5.4% CAGR from 2025 to 2034, driven by increasing demand for reliable and efficient power distribution systems.

The high voltage segment is anticipated to surpass USD 5.1 billion by 2034, as it plays a crucial role in ensuring stable and efficient power transmission and distribution.

The AC segment is projected to achieve a CAGR of over 5.4% through 2034, led by its efficiency in long-distance transmission and easier voltage transformation.

The U.S. gas insulated industrial switchgear market is predicted to hit USD 900 million by 2034, due to ongoing efforts to modernize and replace aging power infrastructure.

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.