Global Gas Insulated Substations (GIS) Market - Growth, Trends, and Forecast (Outlook to 2028)

Global Gas Insulated Substations (GIS) Market - Growth, Trends, and Forecast (Outlook to 2028)

Market Research Reports | Q1 2024 | Report ID: BR0286

About the Report

The Gas Insulated Substations (GIS) Market growth is driven by a rise in demand for electricity, growing investments in transmission and distribution infrastructure, and increasing renewable energy generation. In addition, government measures to promote Gas Insulated Substations and government regulations on energy efficiency & safety are also responsible for the growth of the GIS Market.

 

Some of the Drivers:

  • Increasing energy demand and limitation of space availability in densely populated urban areas.
  • Surging government initiatives to improve electricity access in rural areas
  • Growing upgradation of existing power infrastructure 
  • Increasing demand from energy-intensive industrial applications such as data centers and others.
  • Growing investments in railways 
  • Growing adoption of smart grids and smart metering technologies
  • Increasing adoption of electricity-based equipment in industries, commercial and residential.

 

Definition:

 

Gas Insulated Switchgear (GIS) or high voltage switchgear consists of high voltage components such as circuit-breakers and disconnectors, and other components are enclosed in a sealed environment using SF6, or Sulphur hexafluoride gas or other gases act as the insulating medium. 

 

A GIS takes much less space than a traditional Air insulated Switchgear (AIS) requires. GIS technology is an excellent alternative for arctic or desert environments since it can be housed in an environmentally safe facility.

 

Advantages of Gas Insulated Switchgear:

  • Easy-to-install and cost-efficient.
  • Optimum security against various ecological factors.
  • Minimum maintenance charges from the user's end.
  • Occupies less space, leaving ample room for other appliances

 

Some Of the Gas Insulated Switchgear Market Opportunities:

  • With the rapid growth in population, urbanization, and industrialization, there is a high demand for guaranteed power supply, necessitating the construction of sustainable and efficient substations, creating an opportunity for GIS.
  • The rise in investments in renewable energy sources also acts as an opportunity since GIS provides factors like lower maintenance and higher safety.
  • Research in alternate gases, in place of SF6, to prevent negative environmental impact also promotes GSI market growth.
  • The growing adoption of HVDC systems for long-distance transmission creates an opportunity for GIS DC switchgear.

 

Some Of the Gas Insulated Switchgear Market Challenges:

  • Competition from unorganized or fragmented switchgear markets
  • Delays in grid expansion or upgradation projects

 

Some Of the Gas Insulated Switchgear Market Restraints:

 

  • High equipment costs associated with stringent environmental and safety regulations reduce the sf6 gas insulated switchgear market.
  • Growing demand for Energy Storage Systems is restraining the GIS switchgear market.

 

Recent Market developments and trends: 

  • In March 2022, GE Renewable Energy's Grid Solutions unveiled the world's first 420 kV, 63 kA sf6-free gas-insulated substation (GIS) circuit-breaker prototype to a group of leading transmission utilities from across Europe.
  • In June 2022, UK's Northern Powergrid adopted ABB's SafePlus switchgear in the county of Durham.
  • In September 2021, GE Renewable Energy installed SF6-free gas insulated switchgear at the Vattenfall Eldistribution AB Lindhov substation in Tumba.

 

Regional Market Analysis:

 

The global Gas Insulated Switchgear(GIS) market report is segmented based on geography into North America, including the United States, Canada, Mexico, and the Rest of North America; Europe, including Germany, France, United Kingdom (UK), Italy, Russia, and the Rest of Europe; Asia Pacific (APAC) including China, India, Japan, South Korea, Australia, Indonesia, and Rest of APAC; South America including Brazil and Rest of South America; and the Middle East and Africa including Saudi Arabia, Brazil, Nigeria, South Africa, and other countries.

 

Asia-Pacific is expected to be the leading region in the Gas Insulated Switchgear market during the forecast period, followed by North America, Europe, and South America.

 

Asia Pacific:

 

The Asia Pacific region has countries that have both developing and established switchgear markets. For instance, due to rapid urbanization and industrialization, switchgear markets are growing in countries such as China, India, South Korea, and others.

 

Blackridge Research's Gas Insulated Switchgear Market report provides insights into the current market demand environment and prognosis.

 

The study thoroughly examines the many factors that impact the development of the Gas Insulated Switchgear Market. The study also comprehensively analyses the Gas Insulated Switchgear Market by segmenting it based on region (Asia Pacific, Middle East, Europe, North America, South America, Africa) by insulation (SF6, SF6-free).

 

The report also discusses current and future market trends, possibilities, advancements, the Covid 19 impact and the Ukraine and Russian War on the gas insulated switchgear market, essential developments, regions, and segments poised for the fastest growing competitive landscape. Further, the report will also provide the gas insulated switchgear market size, demand forecast, and growth rates. 

  Table of Contents

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

  • 3.1 Introduction
  • 3.2 Market Dynamics
    • 3.2.1. Drivers
    • 3.2.2 Restraints
  • 3.3 Market Trends & Developments
  • 3.4 Analysis of Covid-19 Impact
  • 3.5 Market Opportunities
  • 3.6 Market Size and Forecast

4. Industry Analysis

  • 4.1 Supply Chain Analysis
  • 4.2 Porter’s Five Forces Analysis

5. Market Segmentation & Forecast

  • 5.1 By Type of Gas
    • 5.1.1 SF6
    • 5.1.2 SF6 Free

6. Regional Market Analysis

  • 6.1 North America
  • 6.2 Europe
  • 6.3 Asia-Pacific
  • 6.4 Rest of the World

7. Key Company Profiles

  • 7.1 ABB Ltd
  • 7.2 Bharat Heavy Electricals Limited
  • 7.3 General Electric Company
  • 7.4 Hitachi ABB Power Grids
  • 7.5 Hyosung Heavy Industries
  • 7.6 Mitsubishi Electric Corporation
  • 7.7 Toshiba Corporation
  • 7.8 Siemens AG
  • 7.9 Eaton Corporation Plc.
  • 7.10 Larsen & Turbo Limited
  • 7.11 Other Notable Players

8. Competitive Landscape

  • 8.1 List of Notable Players in the Market
  • 8.2 M&A, JV, and Agreements
  • 8.3 Market Share Analysis
  • 8.4 Strategies of Key Players

9. Conclusions and Recommendations

List of Tables & Figures

Abbreviations

Additional Notes

Disclaimer

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