Gas Insulated Switchgear Market to Witness Astonishing Growth by 2029

The global gas insulated switchgear (GIS) market is anticipated to grow at a CAGR of around 6.1% during the forecast period. Gas-insulated switchgear (GIS) is a compact metal encapsulated switchgear consisting of high-voltage components such as circuit breakers and disconnectors, which can be safely operated in confined spaces. GIS is used where space is limited, for example, extensions, in city buildings, on roofs, offshore platforms, industrial plants, and hydropower plants. The increasing clean energy demand is the major factor in the market expansion. Gas-insulated switchgear combines vacuum switching technology with clean air insulation. It operates with zero harmful greenhouse gases of any kind, zero toxic decomposition products, and zero safety requirements during handling and maintenance. This is the major reason, industries such as transmission & distribution, manufacturing, infrastructure & transportation, and others are incorporating GIS. With increasing energy investment by governments across the globe, the GIS market is set to display impressive growth. For instance, as per IEA.org, the global energy investment is set to increase by 8% in 2022 to reach $2.4 trillion, with the anticipated rise coming mainly in clean energy. Such investments will augment the expansion of micro-grid networks along with the integration of GIS to ensure grid supply security.

The global gas insulated switchgear market is segmented based on insulation types, configuration, and end-user. On the basis of insulation types, the market is sub-segmented into Sf6 And Sf6 Free. Based on configurations, the market is sub-categorized into Hybrid, Isolated Phase, Integrated Three Phase, And Compact GIS. Further on the basis of end-user, the market is sub-divided into transmission & distribution, manufacturing, infrastructure & transportation, industries & OEM, commercial, and others. Among these, the transmission & distribution segment is expected to hold a lucrative market share during the forecast period. The increasing adoption of renewal energy sources for power generation is the crucial factors driving the demand and adoption of gas-insulated switchgear for power transmission, thereby propelling the segment growth. 

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Market Coverage

•             The market number available for – 2022-2030

•             Base year- 2022

•             Forecast period- 2023-2030

Segment Covered- 

•                 By Insulation Types

•                 By Configurations

•                 By End-User

Regions Covered-

·                  North America

·                  Europe

·                  Asia-Pacific

·                  Rest of the World

Competitive Landscape- ABB Group, General Electric Co., Siemens AG, Schneider Electric SE, Eaton Corp, Mitsubishi Electric Corp, Hitachi, Ltd., Hyundai Electric & Energy Systems Co., Ltd, Fuji Electric Co., Ltd., among others. 

GIS Market Report by Segment

By Insulation Types

·                  SF6

·                  SF6 free

By Configurations

·                  Hybrid

·                  Isolated Phase

·                  Integrated Three Phase

·                  Compact GIS

By End-User

·                  Transmission & Distribution

·                  Manufacturing

·                  Infrastructure & Transportation

·                  Industries & OEM

·                  Commercial

·                  Others

A full Report of Gas Insulated Switchgear Market is Available @  https://www.omrglobal.com/industry-reports/gas-insulated-switchgear-market

GIS Market Report by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

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3.  Over 100+ paid data sources mined for investigation.

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About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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