Gas Insulated Switchgear technology uses sulfur hexafluoride (SF6) gas which has a superior dielectric properties used at moderate pressure for phase to phase and phase to ground insulation. In GIS, the high-voltage conductors, circuit breaker interrupters, switches, current transformers, voltage transformers, and lightning arresters are encapsulated in SF6 gas inside grounded metal enclosures. It is used in industrial areas to fulfill high-energy demands by space saving design with a minimum of cost.
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The Asia-Pacific is the biggest market of GIS having a significant share of the total market size in 2022, and it is also among fastest growing market that also includes ROW, and GCC. The market value patterns of GIS and its various end-user markets are continuously showing an upward trend which is mainly due to the implementation of extra high voltage and ultra-high voltage transmission system. China is the leading country in the region in terms of market value of GIS, while the Indian market, despite being small in size in compare to the China, is expected to be a market with high potential.
Currently, the Gas insulated substation is dominated by high voltage GIS that had almost three fourth of the total GIS market share in 2022 and this market value is increasing at a considerable pace due to budding demand for extra high voltage and ultra-high voltage transmission system, which requires GIS for safe power transmission and distribution. Transmission & distribution, manufacturing & processing are the major end-user segments that contribute a major share in the GIS market. The key factors driving the industry in different regions are the safety, reliability & substation security, longer life span, less space consumption and high capacity of power transmission offered by GIS. GIS manufacturers emphasizes on their R&D to minimize the cost of production, which may help them to get competitive edge in the market.
This study on GIS market estimates the market value for GIS and projects the same by 2031. As a part of quantitative analysis, the study segments the market by application at a country level with the current market estimation and forecast till 2031.
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The countries covered in the report are the China, Japan, India, South Korea, Saudi Arabia, U.A.E., Qatar, Bahrain, Russia, Germany, U.K. Italy, Spain, France, U.S., Mexico, Canada, and Brazil. The segmentation by types includes high and medium voltage GIS and is further segmented into primary and secondary distribution medium voltage GIS. Further, as a part of qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, challenges, and key issues in the market. It also includes the company profiling and competitive strategies adopted by various market players, including ABB Ltd. (Switzerland), Siemens A.G. (Germany), Alstom S.A. (France), Mitsubishi Electric Corporation (Japan), Schneider Electric SE (France), Hitachi Limited (Japan), and Hyundai Heavy Industries Co Limited(South Korea), Fuji Electric Co. Ltd. (Japan), Toshiba Corporation (Japan), and Nissin Electric Co. Ltd. (Japan).
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