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HV Gas Insulated Switchgear (GIS) Market Share

Report ID: GMI6890
Published Date: Oct 2023
Report Format: PDF

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HV Gas Insulated Switchgear Market Share

Some of the key market players operating across the HV gas insulated switchgear 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.
Bharat Heavy Electricals Limited
MEIDENSHA CORPORATION

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of HV gas insulated switchgear was worth USD 15.7 billion in 2023 and is projected to witness 7.9% CAGR from 2024 to 2032, due to the introduction of advanced, adaptable, and secure power distribution technologies.

300 kV HV GIS market size exceeded USD 600 million in 2022, driven by the rising global demand for electricity, primarily propelled by urbanization, industrialization, and the widespread adoption of electricity in various sectors.

HV gas insulated switchgear market share from the offshore wind segment will witness more than 9.2% CAGR through 2032, with numerous countries pursuing ambitious plans to significantly expand their offshore wind capacity.

North America HV GIS market size is set to depict over 6.3% CAGR from 2023 to 2032, due to the significant investments in the transmission and distribution retrofitting sector. ?