Market Overview:
MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the High-voltage (HV) Gas-insulated Switchgear (GIS) Market, The Global High-voltage (HV) Gas-insulated Switchgear (GIS) Market is projected to grow at a CAGR of around 6.9% during the forecast period, i.e., 2024-30. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the High-voltage (HV) Gas-insulated Switchgear (GIS) Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.
Industry Outlook & Forecasts:
- Forecast Period: 2024-2030
- CAGR (2024-2030): 6.9%
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Global High-voltage (HV) Gas-insulated Switchgear (GIS) Market Segmentation Breakdown:
The High-voltage (HV) Gas-insulated Switchgear (GIS) Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Insulation Type
- SF6 – Market Size & Forecast, By Revenues (USD Million)
- SF6-free – Market Size & Forecast, By Revenues (USD Million)
Here, SF6 gas-based High-voltage Gas Insulated Switchgear acquired a considerable share during the historical period.
- By End Users
- Commercial
- Infrastructure – Market Size & Forecast, By Revenues (USD Million)
- Government – Market Size & Forecast, By Revenues (USD Million)
- Others – Market Size & Forecast, By Revenues (USD Million)
- Utilities
- Power Generation – Market Size & Forecast, By Revenues (USD Million)
- Power Transmission & Distribution – Market Size & Forecast, By Revenues (USD Million)
- Industrial
- Process – Market Size & Forecast, By Revenues (USD Million)
- Discrete – Market Size & Forecast, By Revenues (USD Million)
- Oil & Gas – Market Size & Forecast, By Revenues (USD Million)
- Others – Market Size & Forecast, By Revenues (USD Million)
- Transportation (Railways Metro, etc.) – Market Size & Forecast, By Revenues (USD Million)
- Others– Market Size & Forecast, By Revenues (USD Million)
- By Installation
- Indoor– Market Size & Forecast, By Revenues (USD Million)
- Outdoor– Market Size & Forecast, By Revenues (USD Million)
Here, Indoor-based High-voltage switchgear installations captured a moderate share in the historic years and are anticipated to prevail in the same trend during the forecast period.
- By Configuration
- Hybrid– Market Size & Forecast, By Revenues (USD Million)
- Isolated Phase– Market Size & Forecast, By Revenues (USD Million)
- Integrated Three Phase– Market Size & Forecast, By Revenues (USD Million)
- Compact GIS– Market Size & Forecast, By Revenues (USD Million)
- By Voltage Rating
- Upto 5KV– Market Size & Forecast, By Revenues (USD Million)
- 6 KV to 15KV– Market Size & Forecast, By Revenues (USD Million)
- 16 KV to 27 KV– Market Size & Forecast, By Revenues (USD Million)
- 28 KV to 40.5 KV– Market Size & Forecast, By Revenues (USD Million)
- 6 KV to 73 KV– Market Size & Forecast, By Revenues (USD Million)
- 74 to 220 KV– Market Size & Forecast, By Revenues (USD Million)
- Above 220 KV– Market Size & Forecast, By Revenues (USD Million)
Geographical Growth Insights:
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Here, Asia-Pacific is anticipated to acquire a significant market share during the forecast period.
A Comprehensive Analysis of Leading Companies in Global High-voltage (HV) Gas-insulated Switchgear (GIS) Market
- ABB Ltd.
- Siemens
- Schneider Electric SE
- General Electric
- Eaton Corporation plc
- Mitsubishi Electric Corporation
- Hitachi
- Fuji Electric Co., Ltd.
- Nissin Electric Co., Ltd
- Meidensha Corporation
- Powell Industries Inc.
- HD Hyundai Electric
- Hyosung Heavy Industries
- Toshiba Energy Systems & Solutions
- CG Power and Industrial Solutions Limited
- Others
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High-voltage (HV) Gas-insulated Switchgear (GIS) Industry Recent Developments
- ABBis one of the leading technology companies that energizes the transformation of society and industry to achieve a productive, sustainable future. The company concentrated on sectors like infrastructure, financing, mobility, energy, etc. They provided end-to-end solutions to various industries. The energy business focuses on providing products & services like the installation to its consumers.
- In 2021, ABB announcedthe launch of its 420 kV high voltage hybrid switchgear, covering the offering range and reinforcing its technology leadership. The new product belongs to ABB’s PASS (Plug and Switch System) family of hybrid high voltage switchgear.
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