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Gas Insulated Switchgear Market

Gas Insulated Switchgear Market Forecasts to 2028 – Global Analysis By Type (High Voltage GIS, Medium Voltage GIS), Product Insulation Type (SF6, SF6-free), Installation (Indoor, Outdoor, Solid Bus Duct Connection & Cable Connection) and By Geography

4.8 (16 reviews)
Published: January 2022 ID: SMRC21287
4.8 (16 reviews)
Published: January 2022 ID: SMRC21287

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Gas Insulated Switchgear Market is accounted for $18.84 billion in 2021 and is expected to reach $40.37 billion by 2028 growing at a CAGR of 11.5% during the forecast period. Gas Insulated Switchgear (GIS) is a critical piece of equipment in an electrical substation. It is generally utilized in locations when space is at a premium. It is a kind of metal-encased switchgear that contains components such as lynchpin and circuit breakers. GIS, for example, is installed on roof expansions, offshore platforms, industrial plants, and hydropower plants, among other places.

Market Dynamics:

Driver:

Growing Portion of Renewable Power Generation


The increasing awareness about renewable power led to a significant adoption of renewable energy. This coupled with supportive government initiatives for the development of renewable power are the prominent factors responsible for the growth of renewable power generation. According to the International Energy Outlook 2019 report, 28% of the global power came from renewable sources in 2018, which is majorly contributed by wind, solar, and hydropower. The Energy Information Administration (EIA) forecasts that renewables will account for almost half of the global electricity output. Hence, growth in renewable power generation is predictable to help drive the demand for this market.

Restraint:

High Equipment Cost Associated Beside with Stringent Environmental and Safety Regulations 


SF6 gas is listed as an extremely harmful GHG by the Intergovernmental Panel on Climate Change (IPCC). Presently, no nearest alternative can work as efficiently as SF6 gas. Hence, increased procurement costs, coupled with stringent policies against SF6gas, will restrict the growth of this market. The procurement cost increases in terms of capital expenditure (CAPEX), manufacturing process, and the use of expensive components, which includes transformers, switching elements, and a circuit breaker, that has to be operated inside an enclosure filled with a dielectric gas. Hence, enclosing all the equipment in one chamber led to an increase in equipment cost.

Opportunity:

Rising Investments on Construction of New Substations to Bode Well for Players


The competitors operating in the global market are adopting various strategies to gain a competitive edge in the market. These strategies include mergers and acquisitions, contracts, agreements, partnerships, joint ventures, and others. Players are also investing heavy amounts in the construction of new substations for attracting market revenue in the forthcoming years.

Threat:

Stringent Government Laws


Government regulation has expanded enormously over the past century, prompting business complaints that interventions impede growth and efficiency. Due to the growing stringent government laws enforcing environmental and safety requirements will affect the market negatively and is one of the major threats.

Outdoor segment is expected to be the largest during the forecast period

The outdoor segment is dominating the market, Significant investments in the expansion of transmission & distribution projects over the long length and t the wide scope of application in an outdoor application, which includes long-range power transmission, very large power plants, and transmission of ultra-high voltage boost the segment growth.

The Utility segment is expected to have the highest CAGR during the forecast period

The utility segment is expected to hold the highest market CAGR, owing to the extensive application of GIS by utilities for transmission and distribution of an extensive range of sub-transmission voltage, extra-high voltage, high-voltage, and ultra-high voltage. Hence, the segment is predictable to continue grow its market.

Region with largest share:

The North America is projected to hold the highest market share, due to major investments made for the enhancement of transmission, distribution, and the overall performance of the generation of electric power for avoiding losses. Most companies located in this province are acquiring their substation for efficient and reliable power transmission which will ultimately add significant value to the regional market.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR. It is the most populated province in the world and consequently witnesses a high demand for electricity. Countries such as China, Japan, and India are investing in grid expansion projects to increase distribution grid reliability. China accounted for the largest share of the market in the Asia Pacific and has the highest installed generation and distribution capacity. The country, which is an export-oriented economy, has witnessed exponential growth in the demand for electricity in the past couple of decades, fuelled by industrialization and infrastructural developments. Almost all the countries in the province are augmenting their generation capacities. India, China, and Indonesia are investing heavily in their hydroelectric power projects. Japan, China, and India are also emphasizing nuclear and solar power generation to meet their increasing energy demand. These have led to a rise in investments in the transmission & distribution sector by connecting renewable energy generation to the grid and are anticipated to drive the growth of the market in the Asia Pacific.

Key players in the market:

Some of the key players profiled in the Gas Insulated Switchgear Market include Siemens, Fuji Electric, Mitsubishi Electric Corporation, Hitachi, Ltd., Nissin Electric Co Ltd, Meidensha Corporation, CHEM Group, ABB, Schneider Electric, Hyundai Electric & Energy Systems Co., Ltd., Eaton, GE, Toshiba International Corporation, Larsen & Toubro, Bharat Heavy Electricals Limited.

Key developments:

In July 2021: Hitachi acquired majority stake in ABB Power Grids. Hitachi ABB Power Grids is the new company formed by the close of Hitachi’s acquisition of an 80.1 per cent stake in the venerable power grids unit of the Swiss-Swedish engineering giant.

In July 2021: Hitachi ABB Power Grids announced that the company has composed a complete prefabricated containerized gas-insulated substation for the industrial gas company Linde. The substation comprised of 10 bays of 66 kV gas-insulated switchgear, protection and control panels, and all ancillary equipment in pre-assembled, pre-tested, container-sized modules, which were shipped as a single prefabricated unit, ready for speedy on-site installation

In January 2020: ABB announced that it has received contract from German transmission grid operator Transnet BW for the installation of 380-kV gas-insulated switchgear with the help of an environment-friendly SF6 gas mixture.

In April 2021: Siemens announced that it has taken a contract to deliver ten bays of sulphur hexafluoride(SF6) free gas-insulated switchgear to Finland’s transmission system operator, Fingrid.

In June 2021: Toshiba Energy Systems and Solutions has collaborated with Meidensha Corporation for the joint development of gas-insulated switchgear using natural gas containing no sulfur hexafluoride(SF6). Additionally, the company has decided to accelerate the development and commercialization of gas-insulated switchgear due to the increasing demand for environment-friendly products in the market.

In January 2020: Siemens acquired C&S Electric, one of India’s largest switchgear and power equipment companies, with its major operations in switchgear, busbar, and metering devices. The acquisition will help the company become one of the leading players in terms of switchgear production in India.

Types Covered: 
• High Voltage GIS
• Medium Voltage GIS
• Low Voltage GIS 

Insulation Types Covered:
• SF6
• SF6-free 

Installations Covered:
• Indoor
• Outdoor
• Solid Bus Duct Connection & Cable Connection  

Voltage Ratings Covered:
• Up to 66 kV
• 66 kV - 170 kV
• 170 kV - 550 kV
• Above 550 kV

Voltage Covered:
• Distribution Voltage
• Extra High Voltage Transmission
• High Voltage Transmission
• Sub-Transmission Voltage
• Ultra-High Voltage Transmission

Technology’s Covered:
• Hybrid Switchgear
• Integrated Three Phase
• Compact Gas Insulated Switchgear

End Users Covered:
• Commercial and Residential Sector
• Heavy Industries
• Infrastructure & Transportation
• Manufacturing & Process Industries
• Marine
• Oil, Gas & Mining
• Railways & Metros
• Utility

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China        
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary 
  
2 Preface 

 2.1 Abstract
 2.2 Stake Holders
 2.3 Research Scope
 2.4 Research Methodology
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
 2.5 Research Sources
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions
  
3 Market Trend Analysis 
 3.1 Introduction
 3.2 Drivers
 3.3 Restraints
 3.4 Opportunities
 3.5 Threats
 3.6 Technology Analysis
  3.7 End User Analysis
 3.8 Emerging Markets
 3.9 Impact of Covid-19
  
4 Porters Five Force Analysis 
 4.1 Bargaining power of suppliers
 4.2 Bargaining power of buyers
 4.3 Threat of substitutes
 4.4 Threat of new entrants
 4.5 Competitive rivalry
  
5 Global Gas Insulated Switchgear Market, By Type 
 5.1 Introduction
 5.2 High Voltage GIS
 5.3 Medium Voltage GIS
  5.3.1 Primary Distribution Medium Voltage GIS
  5.3.2 Secondary Distribution Medium Voltage GIS
 5.4 Low Voltage GIS
  
6 Global Gas Insulated Switchgear Market, By Insulation Type 
 6.1 Introduction
 6.2 SF6
 6.3 SF6-free
  
7 Global Gas Insulated Switchgear Market, By Installation 
 7.1 Introduction
 7.2 Indoor
 7.3 Outdoor
 7.4 Solid Bus Duct Connection & Cable Connection
  
8 Global Gas Insulated Switchgear Market, By Voltage Rating 
 8.1 Introduction
 8.2 Up to 66 kV
 8.3 66 kV - 170 kV
 8.4 170 kV - 550 kV
 8.5 Above 550 kV
  
9 Global Gas Insulated Switchgear Market, By Voltage 
 9.1 Introduction
 9.2 Distribution Voltage
 9.3 Extra High Voltage Transmission
 9.4 High Voltage Transmission
 9.5 Sub-Transmission Voltage
 9.6 Ultra-High Voltage Transmission
  
10 Global Gas Insulated Switchgear Market, By Technology 
 10.1 Introduction
 10.2 Hybrid Switchgear
 10.3 Integrated Three Phase
 10.4 Compact Gas Insulated Switchgear
  
11 Global Gas Insulated Switchgear Market, By End User 
 11.1 Introduction
 11.2 Commercial and Residential Sector
 11.3 Heavy Industries
 11.4 Infrastructure & Transportation
 11.5 Manufacturing & Process Industries
 11.6 Marine
 11.7 Oil, Gas & Mining
 11.8 Railways & Metros
 11.9 Utility
  11.9.1 Power Distribution Utility
  11.9.2 Power Generation Utility
  11.9.3 Power Transmission Utility
  
12 Global Gas Insulated Switchgear Market, By Geography 
 12.1 Introduction
 12.2 North America
  12.2.1 US
  12.2.2 Canada
  12.2.3 Mexico
 12.3 Europe
  12.3.1 Germany
  12.3.2 UK
  12.3.3 Italy
  12.3.4 France
  12.3.5 Spain
  12.3.6 Rest of Europe
 12.4 Asia Pacific
  12.4.1 Japan
  12.4.2 China
  12.4.3 India
  12.4.4 Australia
  12.4.5 New Zealand
  12.4.6 South Korea
  12.4.7 Rest of Asia Pacific
 12.5 South America
  12.5.1 Argentina
  12.5.2 Brazil
  12.5.3 Chile
  12.5.4 Rest of South America
 12.6 Middle East & Africa
  12.6.1 Saudi Arabia
  12.6.2 UAE
  12.6.3 Qatar
  12.6.4 South Africa
  12.6.5 Rest of Middle East & Africa
  
13 Key Developments 
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures
 13.2 Acquisitions & Mergers
 13.3 New Product Launch
 13.4 Expansions
 13.5 Other Key Strategies
  
14 Company Profiling 
 14.1 Siemens
 14.2 Fuji Electric
 14.3 Mitsubishi Electric Corporation
 14.4 Hitachi, Ltd.
 14.5 Nissin Electric Co Ltd
 14.6 Meidensha Corporation
 14.7 CHEM Group
 14.8 ABB
 14.9 Schneider Electric
 14.10 Hyundai Electric & Energy Systems Co., Ltd.
 14.11 Eaton
 14.12 General Electric (GE)
 14.13 Toshiba International Corporation
 14.14 Larsen & Toubro
 14.15 Bharat Heavy Electricals Limited


List of Tables  
1 Global Gas Insulated Switchgear Market Outlook, By Region (2019-2028) (US $MN)  
2 Global Gas Insulated Switchgear Market Outlook, By Type (2019-2028) (US $MN)  
3 Global Gas Insulated Switchgear Market Outlook, By High Voltage GIS (2019-2028) (US $MN)  
4 Global Gas Insulated Switchgear Market Outlook, By Medium Voltage GIS (2019-2028) (US $MN)  
5 Global Gas Insulated Switchgear Market Outlook, By Primary Distribution Medium Voltage GIS (2019-2028) (US $MN)  
6 Global Gas Insulated Switchgear Market Outlook, By Secondary Distribution Medium Voltage GIS (2019-2028) (US $MN)  
7 Global Gas Insulated Switchgear Market Outlook, By Low Voltage GIS (2019-2028) (US $MN)  
8 Global Gas Insulated Switchgear Market Outlook, By Insulation Type (2019-2028) (US $MN)  
9 Global Gas Insulated Switchgear Market Outlook, By SF6 (2019-2028) (US $MN)  
10 Global Gas Insulated Switchgear Market Outlook, By SF6-free (2019-2028) (US $MN)  
11 Global Gas Insulated Switchgear Market Outlook, By Installation (2019-2028) (US $MN)  
12 Global Gas Insulated Switchgear Market Outlook, By Indoor (2019-2028) (US $MN)  
13 Global Gas Insulated Switchgear Market Outlook, By Outdoor (2019-2028) (US $MN)  
14 Global Gas Insulated Switchgear Market Outlook, By Solid Bus Duct Connection & Cable Connection (2019-2028) (US $MN)  
15 Global Gas Insulated Switchgear Market Outlook, By Voltage Rating (2019-2028) (US $MN)  
16 Global Gas Insulated Switchgear Market Outlook, By Up to 66 kV (2019-2028) (US $MN)  
17 Global Gas Insulated Switchgear Market Outlook, By 66 kV - 170 kV (2019-2028) (US $MN)  
18 Global Gas Insulated Switchgear Market Outlook, By 170 kV - 550 kV (2019-2028) (US $MN)  
19 Global Gas Insulated Switchgear Market Outlook, By Above 550 kV (2019-2028) (US $MN)  
20 Global Gas Insulated Switchgear Market Outlook, By Voltage (2019-2028) (US $MN)  
21 Global Gas Insulated Switchgear Market Outlook, By Distribution Voltage (2019-2028) (US $MN)  
22 Global Gas Insulated Switchgear Market Outlook, By Extra High Voltage Transmission (2019-2028) (US $MN)  
23 Global Gas Insulated Switchgear Market Outlook, By High Voltage Transmission (2019-2028) (US $MN)  
24 Global Gas Insulated Switchgear Market Outlook, By Sub-Transmission Voltage (2019-2028) (US $MN)  
25 Global Gas Insulated Switchgear Market Outlook, By Ultra-High Voltage Transmission (2019-2028) (US $MN)  
26 Global Gas Insulated Switchgear Market Outlook, By Technology (2019-2028) (US $MN)  
27 Global Gas Insulated Switchgear Market Outlook, By Hybrid Switchgear (2019-2028) (US $MN)  
28 Global Gas Insulated Switchgear Market Outlook, By Integrated Three Phase (2019-2028) (US $MN)  
29 Global Gas Insulated Switchgear Market Outlook, By Compact Gas Insulated Switchgear (2019-2028) (US $MN)  
30 Global Gas Insulated Switchgear Market Outlook, By End User (2019-2028) (US $MN)  
31 Global Gas Insulated Switchgear Market Outlook, By Commercial and Residential Sector (2019-2028) (US $MN)  
32 Global Gas Insulated Switchgear Market Outlook, By Heavy Industries (2019-2028) (US $MN)  
33 Global Gas Insulated Switchgear Market Outlook, By Infrastructure & Transportation (2019-2028) (US $MN)  
34 Global Gas Insulated Switchgear Market Outlook, By Manufacturing & Process Industries (2019-2028) (US $MN)  
35 Global Gas Insulated Switchgear Market Outlook, By Marine (2019-2028) (US $MN)  
36 Global Gas Insulated Switchgear Market Outlook, By Oil, Gas & Mining (2019-2028) (US $MN)  
37 Global Gas Insulated Switchgear Market Outlook, By Railways & Metros (2019-2028) (US $MN)  
38 Global Gas Insulated Switchgear Market Outlook, By Utility (2019-2028) (US $MN)  
39 Global Gas Insulated Switchgear Market Outlook, By Power Distribution Utility (2019-2028) (US $MN)  
40 Global Gas Insulated Switchgear Market Outlook, By Power Generation Utility (2019-2028) (US $MN)  
41 Global Gas Insulated Switchgear Market Outlook, By Power Transmission Utility (2019-2028) (US $MN)  
  
Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above. 

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