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Gas Insulated Industrial Switchgear Market Trends

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

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Gas Insulated Industrial Switchgear Market Trends

A major trend in the gas insulated switchgear market is the integration of smart technologies. GIS is increasingly being coupled with digital sensors, control systems, and IoT capabilities to enhance monitoring and predictive maintenance. This enables real-time performance analysis, improving the efficiency, reliability, and safety of power systems. The shift towards smart grids and digitalization is driving the demand for GIS, as utilities and industrial applications seek to optimize power distribution and integrate renewable energy sources.

Traditionally, GIS relied on sulfur hexafluoride (SF6) as an insulating gas, which has a high global warming potential. However, growing environmental concerns have led to the development and adoption of eco-friendly alternatives, such as fluor nitrile-based gases or pure air-based solutions. These environmentally friendly gases reduce the ecological impact of GIS and align with global sustainability goals. Manufacturers are increasingly focusing on developing these alternatives to meet regulatory standards and promote green technology.

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.