The global market for Gas Insulated Switchgears is estimated at US$21.9 Billion in 2023 and is projected to reach US$39.3 Billion by 2030, growing at a CAGR of 8.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the Gas Insulated Switchgears market is driven by several factors. Firstly, the rapid urbanization and increasing electricity demand are necessitating the development of compact and efficient power distribution systems. Secondly, the superior performance and reliability of GIS in challenging environmental conditions are driving their adoption in diverse applications. Thirdly, advancements in eco-efficient insulating gases and digital technologies are making GIS more sustainable and intelligent. Lastly, the ongoing expansion of renewable energy projects is creating new opportunities for GIS installations, as these systems are crucial for integrating renewable sources into the grid. These factors collectively contribute to the robust growth of the GIS market.
The growth in the Gas Insulated Switchgears market is driven by several factors. Firstly, the rapid urbanization and increasing electricity demand are necessitating the development of compact and efficient power distribution systems. Secondly, the superior performance and reliability of GIS in challenging environmental conditions are driving their adoption in diverse applications. Thirdly, advancements in eco-efficient insulating gases and digital technologies are making GIS more sustainable and intelligent. Lastly, the ongoing expansion of renewable energy projects is creating new opportunities for GIS installations, as these systems are crucial for integrating renewable sources into the grid. These factors collectively contribute to the robust growth of the GIS market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the SF6 Gas Insulated Switchgears segment, which is expected to reach US$20.8 Billion by 2030 with a CAGR of a 6.9%. The SF6-Free Gas Insulated Switchgears segment is also set to grow at 11.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $4.0 Billion in 2023, and China, forecasted to grow at an impressive 10.4% CAGR to reach $10.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Gas Insulated Switchgears Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Gas Insulated Switchgears Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Gas Insulated Switchgears Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB Ltd., Eaton Corporation PLC, Allis Electric Co., Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 81 Featured):
- ABB Ltd.
- Eaton Corporation PLC
- Allis Electric Co., Ltd.
- Chung-Hsin Electric and Machinery Manufacturing Corp. (CHEM)
- AZZ, Inc.
- BGR Energy Systems Ltd.
- Bowers Electricals Ltd.
- Emirates Transformer & Switchgear Ltd.
- BRUSH Switchgear
- C&S Electric Ltd.
- Chint Group
- Elektrofabriken I Malmo AB
- CG Power and Industrial Solutions Ltd.
- Daqo Group Co., Ltd.
- Beijing Sojo Electric
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAFRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPEAUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
ASIA-PACIFIC
MIDDLE EAST
AFRICA
Companies Mentioned
- ABB Ltd.
- Eaton Corporation PLC
- Allis Electric Co., Ltd.
- Chung-Hsin Electric and Machinery Manufacturing Corp. (CHEM)
- AZZ, Inc.
- BGR Energy Systems Ltd.
- Bowers Electricals Ltd.
- Emirates Transformer & Switchgear Ltd.
- BRUSH Switchgear
- C&S Electric Ltd.
- Chint Group
- Elektrofabriken I Malmo AB
- CG Power and Industrial Solutions Ltd.
- Daqo Group Co., Ltd.
- Beijing Sojo Electric
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 610 |
| Published | December 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 21.9 Billion |
| Forecasted Market Value ( USD | $ 39.3 Billion |
| Compound Annual Growth Rate | 8.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
