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HV Gas Insulated Switchgear Market Trends

  • Report ID: GMI6890
  • Published Date: Nov 2024
  • Report Format: PDF

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.
 

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of HV gas insulated switchgear reached USD 17 billion in 2024 and is set to grow at a 7.7% CAGR from 2025 to 2034, driven by advancements in technology, rising energy demands, and increasing focus on sustainable and efficient power distribution.

The 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 U.S. market is expected to reach USD 4.3 billion by 2034 owing to ongoing investments in grid modernization, the expansion of renewable energy projects, and the need for reliable and efficient power transmission infrastructure.

The key 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.

HV Gas Insulated Switchgear Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 17
  • Tables & Figures: 20
  • Countries covered: 21
  • Pages: 100
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