Gas Insulated Medium Voltage Switchgear Market Size - By Voltage, By Component, By End Use, By Application, Analysis, Share, Forecast, 2025 - 2034

Gas Insulated Medium Voltage Switchgear Market Size

The global gas insulated medium voltage switchgear market size was valued at USD 7.5 billion in 2024 and is estimated to grow at a CAGR 8.6% from 2025 to 2034 due to increasing demand for reliable and compact electrical equipment in industries like power generation, utilities, and commercial sectors. GIS offers advantages such as high performance, safety, and a reduced footprint compared to traditional air-insulated switchgear, making it ideal for urban environments and space-constrained areas.
 

The growing focus on renewable energy integration, such as wind and solar power, further boosts GIS adoption due to its ability to handle the intermittent nature of these energy sources effectively. Additionally, technological advancements in GIS, including enhanced monitoring and diagnostic systems, are improving operational efficiency and reliability.
 

Moreover, the expansion of electrical grid infrastructure in emerging economies, coupled with modernization efforts in developed regions, is fostering market growth. Governments' push for infrastructure upgrades and energy efficiency measures is also contributing to the increasing demand for GIS.
 

Gas Insulated Medium Voltage Switchgear Market Trends

The gas insulated medium voltage switchgear industry is experiencing a dynamic phase of growth, with trends heavily influenced by advancements in technology, sustainability efforts, and an increasing focus on energy efficiency. One of the most prominent trends is the integration of smart technologies. Digital and intelligent switchgear, equipped with sensors and communication modules, are being widely adopted to improve operational reliability and enable real-time monitoring. These advancements support predictive maintenance, reduce downtime, and enhance grid efficiency, aligning with the global push towards smart grids and interconnected power systems. The surge in renewable energy integration is another critical trend driving the market.
 

As more countries invest in solar and wind energy projects, the demand for gas insulated medium voltage switchgear to manage these decentralized energy sources is escalating. This is especially significant in regions like Asia Pacific, where governments are aggressively expanding renewable energy capacity. Additionally, the need for stable and reliable power distribution has increased demand for switchgear that can handle fluctuating energy outputs from renewable sources. Sustainability and eco-friendliness are shaping product development as well. Manufacturers are focusing on creating environment-friendly switchgear solutions by reducing or eliminating the use of sulfur hexafluoride (SF6), a potent greenhouse gas.
 

Gas Insulated Medium Voltage Switchgear Market Analysis

Based on voltage, ≥ 21 kV to < 27 kV segment is anticipated to surpass USD 14.5 billion by 2034 due to the increasing demand for reliable and efficient power distribution systems. The ≥ 21 kV to < 27 kV segment is expected to witness substantial growth due to its suitability for medium-voltage applications in industrial, commercial, and utility sectors. This voltage range is particularly critical for connecting substations to distribution networks, ensuring efficient power delivery across urban and industrial areas.
 

The rising need for grid reliability, integration of renewable energy sources, and the ongoing trend of infrastructure modernization are driving the adoption of gas-insulated switchgear (GIS) in this segment.
 

Based on component, the circuit breakers segment in the gas insulated medium voltage switchgear market is projected to achieve a CAGR of over 7.7% through 2034, owing to the growing need for enhanced protection and reliability in power distribution systems. Circuit breakers are crucial components in gas-insulated medium voltage switchgear (GIS) as they protect electrical circuits from damage caused by overloads, short circuits, and other electrical faults.
 

The increasing adoption of GIS in industrial, commercial, and utility sectors is driving demand for advanced circuit breakers, which offer superior performance, minimal maintenance, and high reliability. Additionally, the expansion of smart grid infrastructure and the integration of renewable energy sources, which require more robust and efficient fault protection, are further boosting the market for circuit breakers.
 

The U.S. gas insulated medium voltage switchgear market is projected to surpass USD  17 billion by 2034 on account of the increasing demand for reliable and compact power distribution solutions, driven by infrastructure modernization and grid expansion efforts. As the U.S. focuses on enhancing its electrical grid to accommodate renewable energy sources, such as wind and solar, the need for efficient, space-saving, and high-performance gas-insulated medium voltage switchgear (GIS) systems is growing. GIS offers improved reliability, safety, and reduced maintenance, which are essential in both urban and industrial environments.
 

The Asia Pacific (APAC) region plays a crucial role in the growth of the gas-insulated medium voltage switchgear (GIS) market due to its rapid industrialization, urbanization, and expanding energy infrastructure. As one of the largest and fastest-growing markets for electricity consumption, APAC is witnessing significant investments in power generation, distribution, and transmission networks.
 

Gas Insulated Medium Voltage Switchgear Market Share

Companies such as Hitachi, General Electric, and Siemens command a significant share of the gas insulated medium voltage switchgear industry, due to their cutting-edge technological capabilities, comprehensive product offerings, and strong global presence. These industry leaders make substantial investments in research and development, fostering innovations in smart and digital switchgear systems that boost grid efficiency and reliability.
 

Gas Insulated Medium Voltage Switchgear Market Companies

Major players operating in the gas insulated medium voltage switchgear industry are:

• 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
• Toshiba
   

Gas Insulated Medium Voltage Switchgear Industry News

• In November 2024, Mitsubishi announced plans to establish an advanced switchgear manufacturing facility in Western Pennsylvania. The company, renowned for its secure and sustainable energy solutions, will invest USD 86 million in the project, resulting in the creation of 200 new jobs. This investment is driven by the growing demand for transmission and distribution grid products. The 160,000-square-foot plant will focus on producing vacuum and gas circuit breakers.
   

The gas insulated medium voltage switchgear market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million and ‘‘000 Units’ from 2021 to 2034, for the following segments:

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Market, By Voltage

• ≥ 3 kV to < 9 kV
• ≥ 9 kV to < 15 kV
• ≥ 15 kV to < 21 kV
• ≥ 21 kV to < 27 kV
• ≥ 27 kV to < 33 kV
• ≥ 33 kV

Market, By Component

• Circuit Breakers
• Contactors
• Switches & Disconnector
• Fuses
• Others

Market, By End Use

• Power Stations
• Transformer Substations
• Local Electricity Supply
• Others

Market, By Application

• Residential
• Commercial
• Industrial
• Utility

The above information has been provided for the following countries across the region:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Russia
  • Spain
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Turkey
  • South Africa
  • Egypt
• Latin America
  • Brazil
  • Argentina