Press Release

Global Gas Insulated Substation Market is expected to grow at a robust CAGR

Global Gas Insulated Substation Market is expected to grow owing to growth in renewable power generation and increasing investments in the transmission & distribution infrastructure throughout the forecast period.

According to TechSci Research report, “Gas Insulated Substation Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”, the Global Gas Insulated Substation (GIS) Market is expected to register robust growth during the forecast period owing to the significant demand for power generation in urban areas with limited space for air insulated substations, both established and emerging companies in the industry are actively researching robust technologies. These advancements aim to improve the operation of gas insulated substations and meet the ever-increasing demand for power generation.

Hybrid GIS enables utilities to tailor substation designs to meet specific project requirements and site limitations. By integrating various technologies, utilities can achieve a balance between space efficiency and performance, facilitating the implementation of GIS technology in locations where using traditional GIS alone would be impractical. Moreover, hybrid GIS solutions can offer cost advantages by reducing overall infrastructure expenses compared to fully GIS-based substations. Components that do not necessitate the high insulation levels of GIS can be replaced with AIS equipment, resulting in cost savings while maintaining essential performance criteria. The combination of GIS and AIS technologies contributes to grid resilience. Critical substation components can be insulated with GIS to shield them from harsh environmental conditions, while other components can incorporate AIS to provide redundancy and ensure uninterrupted operation in the event of failure.

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The Global Gas Insulated Substation Market is segmented based on voltage, installation, application and region. Based on voltage, the market is bifurcated into medium, high and very high. Based on installation, the market is bifurcated into indoor and outdoor. Based on application, the market is bifurcated into power transmission, power distribution, power generation and others. Based on region, the market is further bifurcated into North America, Asia-Pacific, Europe, South America, Middle East & Africa. Based on installation, Outdoor segment is expected to dominate the market during the forecast period. Outdoor GIS installations can be thoughtfully designed with environmentally friendly features, such as green landscaping and minimized visual impact. This approach ensures alignment with sustainability goals and helps to minimize the footprint of the substation. Furthermore, outdoor GIS installations can be seamlessly integrated into existing utility infrastructure, including outdoor power distribution systems and transmission lines. This integration simplifies the connection process and reduces the requirement for additional infrastructure. Based on application, Power Transmission segment is projected to dominate the market throughout the forecast period. In power transmission networks, GIS installations serve as crucial interconnection points connecting various substations and transmission lines. They facilitate the seamless transfer of power between different parts of the grid, ensuring efficient and reliable electricity transmission. Power transmission substations play a vital role in transmitting electricity from remote power generation sources, such as hydropower plants, wind farms, and solar installations, to regions with high energy demand. They contribute significantly to grid stability by regulating voltage levels and ensuring smooth power flow. These substations are instrumental in preventing grid disturbances and blackouts, thanks to their efficient switching and fault management capabilities.

Key market players in the Global Gas Insulated Substation Market are:-

  • General Electric Company
  • Hitachi, Ltd.
  • Larsen & Toubro Limited
  • ABB Ltd
  • Siemens AG
  • CG Power and Industrial Solutions Ltd
  • Mitsubishi Electric Corporation
  • Hyosung Corp
  • Bharat Heavy Electricals Limited
  • Toshiba Corp

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“Asia Pacific is expected to dominate the market throughout the forecast period. plays a critical role in the Global Gas Insulated Substation (GIS) Market due to its dynamic energy landscape, rapid urbanization, and increasing demand for reliable electricity supply. The region's growing economies, coupled with a shift towards cleaner energy sources and advanced grid infrastructure, make it a significant driver of GIS adoption. The high population density in APAC regions necessitates the efficient utilization of space. GIS substations, renowned for their compact design, offer an ideal solution to optimize land usage while addressing the escalating energy requirements.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Gas Insulated Substation Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Voltage (Medium, High and Very High), By Installation (Indoor and Outdoor), By Application (Power Transmission, Power Distribution, Power Generation and Others), By Region, Competition,” has evaluated the future growth potential of Global Gas Insulated Substation Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Gas Insulated Substation Market. 


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