Gas Insulated Commercial Switchgear Market Size - By Voltage (Low, Medium, High), Current (AC, DC), Regional Outlook & Forecast, 2024 – 2032

Gas Insulated Commercial Switchgear Market Size

Gas Insulated Commercial Switchgear Market was valued at USD 5 billion in 2023 and lokely grow at a CAGR of 6.9% from 2024 to 2032, due to the rising demand for reliable and efficient power distribution, particularly in urban areas with space constraints, is driving the adoption of GIS. These systems are favoured for their compact design, high reliability, and low maintenance compared to air-insulated switchgear. The ongoing expansion of the power sector, driven by the integration of renewable energy sources, is also boosting demand.
 

Additionally, the growing need for modernizing aging infrastructure in developed regions and the rapid industrialization and urbanization in emerging economies are further propelling market growth. Technological advancements, such as digital switchgear with enhanced monitoring and control capabilities, are enhancing the appeal of GIS. Overall, the market is expected to continue its upward trajectory, driven by the increasing emphasis on energy efficiency, sustainability, and the need for space-saving solutions in densely populated areas.
 

Gas Insulated Commercial Switchgear Market Trends

One of the most notable trends in the GIS market is the increasing demand for compact and modular designs. As urbanization accelerates, space becomes a premium, especially in densely populated cities. GIS systems, known for their reduced footprint compared to air-insulated switchgear, are increasingly preferred in commercial and industrial applications. The modular design allows for easier installation and scalability, enabling utilities and industries to expand their systems without requiring significant additional space.
 

The integration of digital technologies into GIS is transforming the market. Digital switchgear, equipped with advanced sensors and communication tools, allows for real-time monitoring, diagnostics, and predictive maintenance. This not only enhances the reliability and efficiency of power distribution but also aligns with the broader trend towards smart grids.
 

The ability to monitor and control the grid remotely is becoming increasingly critical as the energy landscape becomes more complex, with the integration of renewable energy sources and distributed generation. Environmental concerns are driving innovations in GIS technology. Manufacturers are increasingly focusing on reducing the environmental impact of GIS by developing solutions with lower greenhouse gas emissions. One example is the shift from traditional sulfur hexafluoride (SF6) insulation, a potent greenhouse gas, to alternative environmentally friendly insulating gases. This trend is expected to gain momentum as regulatory bodies impose stricter emissions standards and as companies commit to sustainability goals.
 

Gas Insulated Commercial Switchgear Market Analysis

Based-on voltage, the low voltage segment is anticipated to rech USD 4.7 billion by 2032, owing to the increasing demand for reliable and efficient electrical infrastructure in commercial buildings and facilities. The growth in urbanization and industrialization is driving the construction of new commercial spaces, which require robust low voltage switchgear systems for safe and efficient power distribution. Additionally, the rising focus on energy efficiency and the adoption of renewable energy sources in commercial settings are further boosting the demand for advanced low voltage switchgear.
 

Based on AC, the AC segment is set to register about 7% CAGR through 2032, on account of the widespread adoption of AC power systems in commercial applications, which are preferred due to their efficiency in transmitting power over long distances and their compatibility with a wide range of electrical devices and systems. The AC infrastructure is well-established, making it the standard choice for most commercial buildings and facilities. Additionally, the ongoing modernization and expansion of electrical grids, along with the integration of renewable energy sources, are contributing to the demand for AC switchgear.
 

Asia Pacific gas insulated commercial switchgear market is predicted to hit USD 4.5 billion by 2032, due to the rapid industrialization and urbanization in the region, which is leading to an increased demand for reliable and efficient electrical infrastructure. Countries such as China, India, Japan, and South Korea are experiencing significant growth in their manufacturing and commercial sectors, necessitating advanced switchgear solutions to ensure safe and efficient power distribution. Additionally, the expansion of the power sector in the Asia Pacific, including the development of new power generation facilities and the upgrading of existing power grids, is contributing to the demand for gas insulated commercial switchgear.
 

The U.S. has a substantial commercial sector with diverse applications for switchgear, including manufacturing, utilities, data centers, and commercial buildings. The size of the market creates significant demand for both standard and advanced switchgear solutions, contributing to the overall growth of the global market.
 

Gas Insulated Commercial Switchgear Market Share

Leading companies such as Schneider Electric, ABB, and Siemens dominate the switchgear market thanks to their comprehensive product offerings, cutting-edge technological advancements, and global presence. These industry leaders provide dependable, high-quality solutions tailored to a wide range of commercial needs, spanning both low and high voltage applications. Their substantial investments in research and development drive ongoing innovation and the incorporation of smart grid technologies.
 

Gas Insulated Commercial Switchgear Market Companies

• ABB
• Chint Group
• E + I Engineering
• Eaton Corporation
• Fuji Electric Co., Ltd.
• Hitachi Ltd.
• Hyosung Corporation
• Hyundai Electric & Energy Systems Co., Ltd.
• Lucy Group Ltd.
• Mitsubishi Electric Corporation
• Powell Industries
• Regal Rexnord Corporation
• Siemens
• Schneider Electric
• Skema S.p.A.
   

Gas Insulated Commercial Switchgear Industry News

• In May 2024, Indian renewable energy firm SAEL Ltd announced plans to launch its inaugural dollar-denominated bonds, targeting a substantial raise of USD 500 million. The funds will be directed towards sustainable energy initiatives, particularly the construction of solar plants. SAEL aims to issue these bonds by the end of June, underscoring the significant market potential in the region for renewable energy projects.
   

This gas insulated commercial switchgear market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million, ‘000 Units” from 2021 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Voltage

• Low
• Medium
• High

Market, By Current

• AC
• DC

The above information has been provided for the following countries across the regions:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Spain
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • Oman
  • South Africa
  • Egypt
• Latin America
  • Brazil
  • Peru
  • Argentina