HV Gas Insulated Switchgear Market Size - By Capacity, By Application, Analysis, Share, & Forecast, 2025 - 2034

HV Gas Insulated Switchgear Market Size

The global HV gas insulated switchgear market size was valued at USD 17 billion in 2024 and is estimated to grow at a CAGR 7.7% from 2025 to 2034, driven by advancements in technology, rising energy demands, and increasing focus on sustainable and efficient power distribution. HV Gas insulated switchgear is known for its reliable performance, safety, and environmentally friendly features, making it a preferred solution for a variety of applications. Many countries have introduced stringent environmental regulations and are encouraging the adoption of eco-friendly technologies, boosting the demand for HV gas insulated solutions.
 

Urbanization and industrialization are also propelling the HV gas insulated switchgear industry. The rapid growth of urban infrastructure projects, particularly in emerging economies across Asia-Pacific and Africa, requires efficient power distribution systems to ensure uninterrupted energy supply. In developed regions, modernization of existing power grids and the integration of renewable energy sources, such as solar and wind, have created significant demand for HV gas insulated switchgear. These systems are effective in ensuring the seamless and stable operation of energy grids, especially in areas experiencing high demand fluctuations.
 

HV Gas Insulated Switchgear Market Trends

The HV gas insulated switchgear (VIS) industry is experiencing notable advancements and growth trends, largely driven by the global transition toward sustainable and efficient power distribution solutions. One of the primary trends is the increasing adoption of eco-friendly technologies. HV Gas insulated switchgear is gaining preference over traditional SF6 gas-insulated switchgear, as it eliminates the use of sulfur hexafluoride, a potent greenhouse gas. Governments and environmental agencies are imposing stricter regulations on emissions, encouraging the shift toward HV gas technology, which significantly reduces environmental impact.
 

Additionally, the trend of urbanization and space constraints is propelling the demand for compact and reliable switchgear systems. HV Gas insulated switchgear is designed to be smaller and more efficient, making it ideal for urban substations, industrial facilities, and high-density residential areas. This compact nature ensures minimal footprint without compromising performance, which is particularly appealing in regions experiencing rapid infrastructure development.
 

HV Gas Insulated Switchgear Market Analysis

Based on capacity, 145 kV segment is anticipated to surpass USD 13.3 billion by 2034 due to the increasing demand for reliable and efficient power transmission infrastructure. The 145 kV switchgear is widely used in applications requiring robust and compact solutions, especially in urban and industrial settings where space is limited, and high-performance electrical systems are essential. A key driver for this growth is the expansion of renewable energy projects and the subsequent need to integrate these clean energy sources into existing grids.
 

Based on application, offshore wind segment in the HV gas insulated switchgear market is projected to achieve a CAGR of over 18.1% through 2034, owing to the increasing investments in renewable energy infrastructure and the global push for cleaner, more sustainable energy sources. Offshore wind farms are a key component of the global transition to renewable energy, and governments worldwide are implementing policies and incentives to boost the deployment of these projects to meet climate targets.
 

The growth of the offshore wind segment is driven by the high energy output and efficiency of offshore wind farms compared to onshore ones. Offshore installations can take advantage of stronger and more consistent wind patterns, which translates to greater power generation capacity.
 

The U.S. HV gas insulated switchgear market is expected to reach USD 4.3 billion by 2034 on account of the on account of the ongoing investments in grid modernization, the expansion of renewable energy projects, and the need for reliable and efficient power transmission infrastructure. As the United States continues to prioritize energy security and sustainability, there is an increasing focus on upgrading and expanding the country's aging power grid. Gas insulated switchgear is essential for ensuring stable and reliable power distribution, particularly in urban areas where space constraints and environmental factors necessitate compact and efficient solutions.
 

Asia Pacific plays a critical role in the high-voltage (HV) gas insulated switchgear market due to its rapid urbanization, industrial growth, and increasing investments in energy infrastructure. The region's growing population and economic development have led to a surge in electricity demand, driving the need for efficient and reliable power transmission and distribution systems. HV gas insulated switchgear, known for its compact design and high performance, is becoming increasingly essential for meeting these demands.
 

HV Gas Insulated Switchgear Market Share

Companies like Hitachi, General Electric, and Siemens hold a significant share of the high-voltage gas insulated switchgear industry, thanks to their advanced technological expertise, extensive product portfolios, and strong global reach. These industry leaders invest heavily in research and development, driving innovations in smart and digital switchgear systems that enhance grid efficiency and reliability.
 

HV Gas Insulated Switchgear Market Companies

Major players operating in the HV gas insulated 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
   

HV Gas Insulated 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 HV gas and gas circuit breakers.
   

The HV Gas Insulated 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:

Click here to Buy Section of this Report

Market, By Capacity

• 72.5 kV
• 145 kV
• 245 kV
• 275 kV
• 300 kV
• 400 kV
• 500 kV
• 765 kV

Market, By Application

• Offshore wind
• Others

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