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Base Year: 2024
Companies covered: 17
Tables & Figures: 20
Countries covered: 21
Pages: 100
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Gas Insulated Medium Voltage Switchgear Market
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Gas Insulated Medium Voltage Switchgear Market Size
The global gas insulated medium voltage switchgear market 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.
The urban settings along with areas with limited space have gained immense benefits provided by high-performance, safe, and reduced-footprint GIS that works at par with the traditional air-insulated switchgear. Due to its ability to optimally handle the intermittent nature of renewable energy sources such as wind and solar, GIS adoption has further accelerated. Also, improvements in monitoring and diagnostic systems in GIS along with a robust operational system has increased the reliability further while improving operational efficiency.
The proliferation of the electrical grid within developing economies, coupled with advanced development in previously developed regions is boosting market growth. The need to maintain energy efficiency along with the constant upgrade of infrastructure is further helping towards the increasing demand for GIS having safe, high, and reliable performance.
Gas Insulated Medium Voltage Switchgear Market Trends
The market for gas insulated medium voltage switchgear is at the cusp of transformation, primarily as a function of technological, sustainable, and energetic productivity advancements. One of the more distinct trends is the use of advanced technologies, Specifically designed for better operational reliability and to facilitate real-time monitoring, intelligent switchgear, Digital provided with sensors and communication modules, are being extensively used. Such improvements assist predictive maintenance, decrease downtimes, enhance grid efficiencies and are in line with the worldwide thrust to smart grids and interlinked power networks. The growth in renewable energy integration is the other very important trend that is supporting gas insulated medium voltage switchgear market growth.
The level of investment of various countries in Wind and Solar energy projects increases the demand for gas insulated medium voltage switchgear to cater for these distributed energy sources. This is particularly true for the Asia Pacific region where expansion of renewable energy capacity is being undertaken aggressively by government. Moreover, the need for safe and reliable power distribution has increased the requirement of switchgear to support variable renewable energy sources. Sustainability and being environmentally friendly are also driving product development. In particular, switchgear manufacturers are finding new ways to develop medium voltage eco-friendly switchgear solutions with reduced or no SF6 (sulfur hexafluoride) use.
Gas Insulated Medium Voltage Switchgear Market Analysis
With the increasing need for dependable and effective power distribution systems, the gas-insulated medium voltage switchgear market is expected to undergo expansion with the ≥ 21 kV to 27 kV segment projected to exceed USD 14.5 billion by 2034. This segment is projected to grow significantly as a result of its application potential and viability in the industrial, commercial, and utility markets. This range is especially important while linking substations to distribution networks within urban and industrial locations to ensure optimal power transfer. This feature coupled with the rising concerns towards the integration of renewable sources along with the reliability of the grid means that the infrastructure modernization trend will propel the adoption of GIS in this segment.
Based on component, the gas insulated medium voltage switchgear market from circuit breakers segment is expected to experience the highest growth rate of 7.7% till 2034. This is due to the greater emphasis placed on the improvements of the power distribution systems and their need for reliability and protection. Circuit breakers are very important for gas-insulated medium voltage switchgear (GIS) because they ensure that electrical circuits are protected from demolition caused by overloads or short circuits and other electrical defects.
Many advanced circuit breakers which are more reliable, offer lower maintenance and better performance have to be made due to the increasing demand for GIS from the industrial, commercial and utility markets. Further, there is also a growing need for stronger and more efficient fault protection due to the development of smart grid infrastructure and the integration of renewable energy sources which is raising the demand for circuit breakers even further.
The U.S. gas insulated medium voltage switchgear market is set to reach over USD 17 billion by 2034, owing to the reliable and compact power distribution solutions brought about by the strive for infrastructure modernization and grid expansion. The shift in the U.S. electrical grid towards renewable origins of energy such as wind and solar supports the need for modern, compact, and high-performance gas-insulated medium voltage switchgear systems. As the switchgears are compactly designed, their reliability, safety, and maintenance is improved which makes them more useful in urban and industrial zones.
The APAC region is a key player in the development of the gas-insulated medium voltage switchgear (GIS) market due to rapid urbanization and industrialization as well as expansion of energy infrastructure. APAC is anticipated to be one of the largest and fastest growing markets in terms of electricity consumption and is currently receiving a lot of investment in power generation, distribution and transmission systems.
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:
Gas Insulated Medium Voltage Switchgear Industry News
This 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
Market, By Component
Market, By End Use
Market, By Application
The above information has been provided for the following countries across the region: