Gas Insulated Switchgear Market 2018-2028 By Size, Share, Trends, Growth, Forecast

Summary

Report Description

Global Gas Insulated Switchgear market is expected to grow at a robust pace in the forecast period 2024-2028. With the increase in trend towards renewable energy sources and lower costs than other renewable energy sources, the development of wind farms is increasing rapidly. Wind power stations use medium voltage switchgear that is gas-insulated. Wind generators located in remote places are safeguarded by medium voltage switchgear with a maximum 35 kVA capacity. Modernizing grid networks would encourage the construction of cutting-edge electrical machinery and controls, such as substations with gas-insulated switchgear.

Gas-insulated switchgear (GIS) is a compact, metal-enclosed switchgear consisting of high-voltage components such as circuit breakers and disconnectors that can be safely operated in confined spaces. GIS is used in areas with limited space such as extensions, urban buildings, rooftops, offshore platforms, industrial plants, and hydroelectric power plants. A Gas Insulated Substation (GIS) differs from an air insulated substation. GIS does not include busbars, circuit breakers, current transformers, voltage transformers, and other substation equipment. All substation equipment are housed in SF6 modules filled with SF6 gas. SF6 gas with high dielectric properties acts as an insulating medium in high or ultra-high voltage switchgear. Gas-insulated substations (GIS) are generally indoor substations because they occupy 1/10th of the space required by traditional substations. Therefore, these Gas Insulated Substations (GIS) are best suited when the substation area is small. The main advantage of this gas-insulated switchgear is its compact size due to the high dielectric strength of SF6 gas. Moreover, the availability and reliability of GIS substations is higher than that of air-insulated substations (probability of failure is higher in air-insulated substations or conventional substations. Therefore, GIS substations are placed where high power reliability is required, such as nuclear power plants and other critical facilities where uninterruptible power supplies are more needed.

Rising Energy Consumption and Government Initiatives Propelling the Demand For Gas Insulated Switchgear Across The Globe

There is an increase in investments which are driven by rising energy consumption and increasing capacity, especially in growing economies that need to generate electricity. China, Japan, and India are investing in grid expansion projects to improve the reliability of their distribution systems. In addition, India, China, and Indonesia are actively investing in hydropower projects. This, in turn, would increase spending in the transmission and distribution sector by connecting renewable energy sources to the grid which in turn would increase the demand for insulated switchgear.

Continuous support from governments in both developing and developed economies, strong net-zero goals set by nations responsible for 90% of the world's GDP, and increased wind and solar PV competitiveness are all factors promoting the growth of renewable energy. As a result of China's commitment to becoming carbon neutral by 2060, new short-term objectives have been set, such as achieving 1,200 GW of combined wind and solar PV capacity by 2030. The trend of renewable capacity growth from 2021 to 2026 indicates that renewable power growth in the European Union will exceed what the current National Energy and Climate Plans (NECPs) forecast for 2030. Larger auction volumes are being implemented by member nations, more renewable electricity is being purchased by businesses, and significant solar panel installations are still being made by households. Demand for renewable energy is expected to increase, thus driving the market demand for Global Gas Insulated Switchgear Market.

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Increasing Installation of GIS

The increasing installation of GIS instead of traditional Air-Insulated Substations (AIS) is that they are indoor substations, and the equipment uses sulfur hexafluoride gas (an insulating medium) which is stored in the module. They require significantly less space (approximately 35% less than AIS substations), have lower maintenance costs, and have lower failure rates. GIS breaker and disconnect switch failure rates are one-fourth those of AIS. In addition, since the GIS is housed in a metal case, it creates less noise and can be used safely. The initial cost of GIS is about 50% higher than AIS, but the total investment cost is comparable when considering the cost of land. Thus, these properties and advantages over AIS are expected to drive the market growth for Global Gas Insulated Switchgear.

Latest Projects and Investment Fueling the Global Gas Insulated Switchgear Market Growth During the Forecast Period

In February 2023, ABB India opened a new state-of-the-art plant in Nashik, doubling its production capacity for Gas Insulated Switchgear (GIS). This factory produces primary and secondary GIS. The new facility covers 78,000 square feet and features smart, lean manufacturing capabilities. Advanced robotics can be used in manufacturing to connect people, processes, and equipment and relay real-time data to improve productivity. Designed to Indian Green Building Council (IGBC) standards, this green factory building would optimize water and energy use.
In 2019, ABB signed a four-year framework agreement worth more than USD100 million with Terna, the Italian transmission system operator (TSO) responsible for securing and distributing electricity throughout Italy. Terna used ABB's advanced technology to strengthen Italy's power grid. The contract includes the supply of ABB's Gas Insulated Switchgear (GIS). This is expected to be a solution that can significantly reduce the equipment footprint to just one-tenth that of air-insulated switchgear.
In 2022, GE Renewable Energy's Grid Solutions (NYSE-GE) unveiled the world's first prototype 420 kV, 63 kA g³ circuit breaker for gas-insulated substations (GIS). GE's 420kV fully gas insulated G3 substation (GIS) incorporating G3 circuit breakers is expected to be commercial in 2023. This new circuit breaker is based on GE's gas isolation and switching technology. G3 technology allows GE to build electrical appliances with the same high performance and compact size as traditional SF6 products with a 99% reduction in carbon footprint. GEs development of the 420 kV circuit breaker G3 is a historic milestone for the energy industry as it will enable utilities to accelerate the decarbonization of the power grid.
In 2021, National Grid signed a six-year project worth around USD1 billion to rewire South London through 20 miles of deep underground tunnels. To connect underground cables to the power and distribution grids, Linxon designed, supplied, installed, and commissioned connection panels at two sites at National Grid's existing substations, and retrofitted at two other sites. Insulated switchgear seven-bay upright (GIS) substation on Bengeworth Road to facilitate power supply to Southeast London. As a major contributor to the London Power Tunnel 2 (LPT2) project, Linxon would join National Grid's Project 13 Enterprise. This business model aims to increase safety and productivity at deployment, improve outcomes throughout the life of the asset, and support a more sustainable, innovative, and highly skilled industry.
In March 2023, Siemens announced investment of around USD30 million in the expansion of its switchgear plant in Frankfurt-Fechenheim. A smart, fully automated high-speed warehouse and 1,200-square-meter extension of the existing hall is being built on a 160,000-square-meter site. Additionally, the production area is expected to support 1/3 of the switchgear assembly line which shall strengthen the site and create new jobs in the area. The factory shall expand production of environmentally friendly medium voltage switchgear and two new buildings shall have a roof with a solar power system. Construction of a smart, fully automated high-speed warehouse is planned to be completed by Spring 2024. This warehouse supplies pre-picked materials to production lines just-in-time, making production even more efficient. In addition, a new hall will be built to increase the production capacity of environmentally friendly high voltage switchgear. The Frankfurt-Fechenheim plant has been manufacturing such gas-insulated switchgear since 2018.

Market Segmentation

The Global Gas Insulated Switchgear Market is segmented based on type, installation, insulation type, end-user, and region. Based on type, the market is bifurcated into high voltage and medium voltage. Based on installation, the market is further bifurcated into indoor and outdoor. Based on insulation type, the market is bifurcated into SF6, and SF6-Free. Based on end-user, the market is further bifurcated into transmission & distribution, manufacturing, transportation, commercial sites, and others. Based on region, the market is further bifurcated into North America, Asia-Pacific, Europe, South America, and Middle East & Africa.

Market players

The main market players in the Global Gas Insulated Switchgear Market are ABB Group, Siemens AG, Hyosung Corporation, CG Power and Industrial Solutions Limited (Avantha Group), Fuji Electric Co. Ltd., Hitachi Ltd., Tenaga Switchgear Sdn. Bhd., Mitsubishi Electric Corporation, Schneider Electric Se, Toshiba Corporation.

Attribute	Details
Base Year	2022
Historic Data	2018– 2022
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million and CAGR for 2017-2021 and 2022-2027
Report coverage	Revenue forecast, company share, growth factors, and trends
Segments Covered	Type Installation Insulation Type End-User Region
Regional scope	North America, Asia-Pacific, Europe, South America, Middle East & Africa
Country scope	United States, Canada, Mexico, China, Indian, Japan, South Korea, Australia, Germany, United Kingdom, France, Italy, Spain, Brazil, Argentina, Colombia, Saudi Arabia, South Africa, UAE
Key companies profiled	ABB Group, Siemens AG, Hyosung Corporation, CG Power and Industrial Solutions Limited (Avantha Group), Fuji Electric Co. Ltd., Hitachi Ltd., Tenaga Switchgear Sdn. Bhd., Mitsubishi Electric Corporation, Schneider Electric Se, Toshiba Corporation
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Global Gas Insulated Switchgear Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

· Gas Insulated Switchgear Market, By Type:

o High Voltage

o Medium Voltage

· Gas Insulated Switchgear Market, By Installation:

o Indoor

o Outdoor

· Gas Insulated Switchgear Market, By Insulation Type:

o SF6

o SF6-Free

· Gas Insulated Switchgear Market, By End-User:

o Transmission & Distribution

o Manufacturing

o Transportation

o Commercial Sites

o Others

· Gas Insulated Switchgear Market, By Installation:

o Indoor

o Outdoor

· Gas Insulated Switchgear Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Asia-Pacific

§ India

§ Japan

§ South Korea

§ Australia

§ China

o Europe

§ Germany

§ United Kingdom

§ France

§ Italy

§ Spain

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East

§ Saudi Arabia

§ South Africa

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Gas Insulated Switchgear Market.

Available Customizations:

Global Gas Insulated Switchgear Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to ten).

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Table of content

1. Product Overview

2. Research Methodology

2.1. Baseline Methodology

2.2. Key Industry Partners

2.3. Major Association and Secondary Sources

2.4. Forecasting Methodology

2.5. Data Triangulation & Validation

2.6. Assumptions and Limitations

3. Executive Summary

4. Impact of COVID-19 Global Gas Insulated Switchgear Market

5. Voice of Customers

6. Global Gas Insulated Switchgear Market

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type (High Voltage and Medium Voltage)

6.2.2. By Installation (Indoor, Outdoor)

6.2.3. By Insulation Type (SF6, and SF6-Free)

6.2.4. By End-User (Transmission & Distribution, Manufacturing, Transportation, Commercial Sites, Others)

6.2.5. By Region

6.3. By Company (By 2022)

6.4. Market Map

7. North America Gas Insulated Switchgear Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Installation

7.2.3. By Insulation Type

7.2.4. By End-User

7.2.5. By Country

7.3. North America: Country Analysis

7.3.1. United States Gas Insulated Switchgear Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type

7.3.1.2.2. By Installation

7.3.1.2.3. By Insulation Type

7.3.1.2.4. By End-User

7.3.2. Canada Gas Insulated Switchgear Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type

7.3.2.2.2. By Installation

7.3.2.2.3. By Insulation Type

7.3.2.2.4. By End-User

7.3.3. Mexico Gas Insulated Switchgear Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Type

7.3.3.2.2. By Installation

7.3.3.2.3. By Insulation Type

7.3.3.2.4. By End-User

8. Asia-Pacific Gas Insulated Switchgear Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Installation

8.2.3. By Insulation Type

8.2.4. By End-User

8.2.5. By Country

8.3. Asia-Pacific: Country Analysis

8.3.1. China Gas Insulated Switchgear Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By Installation

8.3.1.2.3. By Insulation Type

8.3.1.2.4. By End-User

8.3.2. India Gas Insulated Switchgear Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type

8.3.2.2.2. By Installation

8.3.2.2.3. By Insulation Type

8.3.2.2.4. By End-User

8.3.3. Japan Gas Insulated Switchgear Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type

8.3.3.2.2. By Installation

8.3.3.2.3. By Insulation Type

8.3.3.2.4. By End-User

8.3.4. South Korea Gas Insulated Switchgear Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Type

8.3.4.2.2. By Installation

8.3.4.2.3. By Insulation Type

8.3.4.2.4. By End-User

8.3.5. Australia Gas Insulated Switchgear Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Type

8.3.5.2.2. By Installation

8.3.5.2.3. By Insulation Type

8.3.5.2.4. By End-User

9. Europe Gas Insulated Switchgear Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Value

9.3. Market Share & Forecast

9.3.1. By Type

9.3.2. By Installation

9.3.3. By Insulation Type

9.3.4. By End-User

9.3.5. By Country

9.4. Europe: Country Analysis

9.4.1. Germany Gas Insulated Switchgear Market Outlook

9.4.1.1. Market Size & Forecast

9.4.1.1.1. By Value

9.4.1.2. Market Share & Forecast

9.4.1.2.1. By Type

9.4.1.2.2. By Installation

9.4.1.2.3. By Insulation Type

9.4.1.2.4. By End-User

9.4.2. United Kingdom Gas Insulated Switchgear Market Outlook

9.4.2.1. Market Size & Forecast

9.4.2.1.1. By Value

9.4.2.2. Market Share & Forecast

9.4.2.2.1. By Type

9.4.2.2.2. By Installation

9.4.2.2.3. By Insulation Type

9.4.2.2.4. By End-User

9.4.3. France Gas Insulated Switchgear Market Outlook

9.4.3.1. Market Size & Forecast

9.4.3.1.1. By Value

9.4.3.2. Market Share & Forecast

9.4.3.2.1. By Type

9.4.3.2.2. By Installation

9.4.3.2.3. By Insulation Type

9.4.3.2.4. By End-User

9.4.4. Spain Gas Insulated Switchgear Market Outlook

9.4.4.1. Market Size & Forecast

9.4.4.1.1. By Value

9.4.4.2. Market Share & Forecast

9.4.4.2.1. By Type

9.4.4.2.2. By Installation

9.4.4.2.3. By Insulation Type

9.4.4.2.4. By End-User

9.4.5. Italy Gas Insulated Switchgear Market Outlook

9.4.5.1. Market Share & Forecast

9.4.5.1.1. By Value

9.4.5.2. Market Share & Forecast

9.4.5.2.1. By Type

9.4.5.2.2. By Installation

9.4.5.2.3. By Insulation Type

9.4.5.2.4. By End-User

10. South America Gas Insulated Switchgear Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Installation

10.2.3. By Insulation Type

10.2.4. By End-User

10.2.5. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Gas Insulated Switchgear Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type

10.3.1.2.2. By Installation

10.3.1.2.3. By Insulation Type

10.3.1.2.4. By End-User

10.3.2. Argentina Gas Insulated Switchgear Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type

10.3.2.2.2. By Installation

10.3.2.2.3. By Insulation Type

10.3.2.2.4. By End-User

10.3.3. Colombia Gas Insulated Switchgear Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type

10.3.3.2.2. By Installation

10.3.3.2.3. By Insulation Type

10.3.3.2.4. By End-User

11. Middle East & Africa Gas Insulated Switchgear Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Type

11.2.2. By Installation

11.2.3. By Insulation Type

11.2.4. By End-User

11.2.5. By Country

11.3. Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia Gas Insulated Switchgear Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Type

11.3.1.2.2. By Installation

11.3.1.2.3. By Insulation Type

11.3.1.2.4. By End-User

11.3.2. South Africa Gas Insulated Switchgear Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Type

11.3.2.2.2. By Installation

11.3.2.2.3. By Insulation Type

11.3.2.2.4. By End-User

11.3.3. UAE Gas Insulated Switchgear Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Type

11.3.3.2.2. By Installation

11.3.3.2.3. By Insulation Type

11.3.3.2.4. By End-User

11.3.3.2.5. By Application

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Company Profiles

14.1. ABB Group

14.1.1. Business Overview

14.1.2. Key Revenue and Financials

14.1.3. Recent Developments

14.1.4. Key Personnel

14.1.5. Key Product/Service

14.2. Siemens AG

14.2.1. Business Overview

14.2.2. Key Revenue and Financials

14.2.3. Recent Developments

14.2.4. Key Personnel

14.2.5. Key Product/Service

14.3. Hyosung Corporation

14.3.1. Business Overview

14.3.2. Key Revenue and Financials

14.3.3. Recent Developments

14.3.4. Key Personnel

14.3.5. Key Product/Service

14.4. CG Power and Industrial Solutions Limited (Avantha Group)

14.4.1. Business Overview

14.4.2. Key Revenue and Financials

14.4.3. Recent Developments

14.4.4. Key Personnel

14.4.5. Key Product/Service

14.5. Fuji Electric Co. Ltd.

14.5.1. Business Overview

14.5.2. Key Revenue and Financials

14.5.3. Recent Developments

14.5.4. Key Personnel

14.5.5. Key Product/Service

14.6. Hitachi Ltd.

14.6.1. Business Overview

14.6.2. Key Revenue and Financials

14.6.3. Recent Developments

14.6.4. Key Personnel

14.6.5. Key Product/Service

14.7. Tenaga Switchgear Sdn. Bhd

14.7.1. Business Overview

14.7.2. Key Revenue and Financials

14.7.3. Recent Developments

14.7.4. Key Personnel

14.7.5. Key Product/Service

14.8. Mitsubishi Electric Corporation

14.8.1. Business Overview

14.8.2. Key Revenue and Financials

14.8.3. Recent Developments

14.8.4. Key Personnel

14.8.5. Key Product/Service

14.9. Schneider Electric SE

14.9.1. Business Overview

14.9.2. Key Revenue and Financials

14.9.3. Recent Developments

14.9.4. Key Personnel

14.9.5. Key Product/Service

14.10. Toshiba Corporation

14.10.1. Business Overview

14.10.2. Key Revenue and Financials

14.10.3. Recent Developments

14.10.4. Key Personnel

14.10.5. Key Product/Service

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What is the main function of switchgear?

One of the basic functions of switchgear is protection. It interrupts short-circuit and overload fault currents while keeping unaffected circuits in service. Switchgear also provides circuit isolation for power supplies.

What is SF6 gas-insulated switchgear?

Sulfur hexafluoride (SF6) is a gas used in gas-insulated switchgear (circuit breakers, disconnectors, etc. for high voltage circuits) that provides high voltage insulation. The high voltage winding disc is well insulated by plastic foil. SF6 gas ensures permanent impregnation of the foil insulation.

Who are the major market players in the Global Gas Insulated Switchgear market?

Major market players are ABB Group, Siemens AG, Hyosung Corporation, CG Power and Industrial Solutions Limited (Avantha Group), Fuji Electric Co. Ltd., Hitachi Ltd., Tenaga Switchgear Sdn. Bhd., Mitsubishi Electric Corporation, Schneider Electric Se, Toshiba Corporation.

What is the difference between GIS and AIS?

GIS uses sulfur hexafluoride gas for insulation, while AIS uses air insulation in metal cladding systems. Sulfur hexafluoride is five times heavier than air and has excellent fire extinguishing properties.

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Press Release

Gas Insulated Switchgear Market is Expected to Grow at an Impressive CAGR

Jun, 2023

Gas Insulated Switchgear market is expected to grow due to upgradation in the power industry in terms of transmission & distribution networks and adoption of renewable energy-based power plants throu

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