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Europe HV Gas Insulated Switchgear (GIS) Market Share

Report ID: GMI7375
Published Date: Nov 2023
Report Format: PDF

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Europe HV Gas Insulated Switchgear Market Share

Siemens Energy maintains a significant presence in the Europe high voltage gas insulated switchgear businesst. With a well-established reputation for its extensive experience in designing and producing a diverse array of switchgear solutions, such as air insulated switchgear (AIS) and gas insulated switchgear, the company boasts a rich history in the realm of transmission and distribution. Throughout its historical journey, Siemens Energy has consistently acted as a trusted provider of switchgear solutions, catering to the needs of commercial, industrial, and utility sectors.

Some of the key market players operating across the Europe HV gas insulated switchgear (GIS) industry are:

Siemens Energy
LS ELECTRIC Co., Ltd.
Toshiba Energy Systems & Solutions Corporation
CG Power & Industrial Solutions Ltd.
GE
Mitsubishi Electric Corporation
Hitachi Energy Ltd.
Fuji Electric Co., Ltd.
NISSIN ELECTRIC Co., Ltd.
ILJIN ELECTRIC
CHINT Group
HD HYUNDAI ELECTRIC CO., LTD.
MEIDENSHA CORPORATION

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of Europe HV gas insulated switchgear was worth USD 4.1 billion in 2022 and is projected to grow at 8.9% through 2032, driven by the deployment of smart grid technologies across the region.

The offshore wind application segment is anticipated to grow at a 18.4% CAGR through 2032, owing to technological progress and the advantages of economies of scale.

Germany hv gas insulated switchgear market held around 11.9% revenue share in 2022, owing to nation’s commitment to reducing greenhouse gas emissions and transitioning to sustainable energy sources, as outlined in its Energiewende policy.

Siemens Energy, LS ELECTRIC Co., Ltd, Toshiba Energy Systems & Solutions Corporation, CG Power & Industrial Solutions Ltd., GE, Mitsubishi Electric Corporation, Hitachi Energy Ltd., Fuji Electric Co., Ltd are some of the leading market players.