Overview of the Global High-voltage (HV) Gas-insulated Switchgear (GIS) Industry:
The Global High-voltage (HV) Gas-insulated Switchgear (GIS) market is projected to experience substantial growth between 2024 and 2030, driven by digital transformation, innovation in service delivery, and expanding global demand. With a forecasted CAGR of 6.9% during the forecast period, i.e., 2024-30
This report offers an in-depth analysis of the key drivers, challenges, competitive landscape, and future outlook — helping businesses, investors, and stakeholders make informed decisions.
Market Size & Forecast (2024–2030)
- Base Year: 2023
- Forecast Period: 2024–2030
- Estimated CAGR (2024–2030): 6.9%
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Global High-voltage (HV) Gas-insulated Switchgear (GIS) Industry Recent Development:
- ABB is one of the leading technology companies that energizes the transformation of society and industry to achieve a productive, sustainable future. The company concentrated on sectors like infrastructure, financing, mobility, energy, etc. They provided end-to-end solutions to various industries. The energy business focuses on providing products & services like the installation to its consumers.
- In 2021, ABB announced the launch of its 420 kV high voltage hybrid switchgear, covering the offering range and reinforcing its technology leadership. The new product belongs to ABB’s PASS (Plug and Switch System) family of hybrid high voltage switchgear.
Top Companies in the High-voltage (HV) Gas-insulated Switchgear (GIS) Market
Here’s a snapshot of key players leading innovation and market share:
- ABB Ltd.
- Siemens
- Schneider Electric SE
- General Electric
- Eaton Corporation plc
- Mitsubishi Electric Corporation
- Hitachi
- Fuji Electric Co., Ltd.
- Nissin Electric Co., Ltd
- Meidensha Corporation
- Powell Industries Inc.
- HD Hyundai Electric
- Hyosung Heavy Industries
- Toshiba Energy Systems & Solutions
- CG Power and Industrial Solutions Limited
- Others
Includes SWOT analysis, revenue trends, partnerships, and product launches.
Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/high-voltage-gas-insulated-switchgear-market.html
High-voltage (HV) Gas-insulated Switchgear (GIS) Market Segmentation Analysis
-By Insulation Type
- SF6
- SF6-free
Here, SF6 gas-based High-voltage Gas Insulated Switchgear acquired a considerable share during the historical period.
-By Installation
- Indoor
- Outdoor
Here, Indoor-based High-voltage switchgear installations captured a moderate share in the historic years and are anticipated to prevail in the same trend during the forecast period.
-By Configuration
- Hybrid– Market Size & Forecast, By Revenues (USD Million)
- Isolated Phase– Market Size & Forecast, By Revenues (USD Million)
- Integrated Three Phase– Market Size & Forecast, By Revenues (USD Million)
- Compact GIS– Market Size & Forecast, By Revenues (USD Million)
-By Voltage Rating
- Upto 5KV– Market Size & Forecast, By Revenues (USD Million)
- 6 KV to 15KV– Market Size & Forecast, By Revenues (USD Million)
- 16 KV to 27 KV– Market Size & Forecast, By Revenues (USD Million)
- 28 KV to 40.5 KV– Market Size & Forecast, By Revenues (USD Million)
- 6 KV to 73 KV– Market Size & Forecast, By Revenues (USD Million)
- 74 to 220 KV– Market Size & Forecast, By Revenues (USD Million)
- Above 220 KV– Market Size & Forecast, By Revenues (USD Million)
Geographical Analysis
-By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Here, Asia-Pacific is anticipated to acquire a significant market share during the forecast period. It owes principally to the high demand for these products backed by the higher electric power demand, especially across countries like India, China, & Indonesia, among others.
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Methodology Behind the Report
This research combines qualitative and quantitative methods, including:
- Expert interviews
- Proprietary forecasting models
- Financial and trade databases
- Government and institutional data
Forecasts are validated using top-down and bottom-up approaches to ensure accuracy and reliability.
Frequently Asked Questions About the High-voltage (HV) Gas-insulated Switchgear (GIS) Market
- What is the growth rate of the High-voltage (HV) Gas-insulated Switchgear (GIS) market from 2024–2030?
- Which segment are expected to dominate market?
- Who are the top companies and what strategies being they using?
- What are the key risks and challenges in this industry?
- How can businesses prepare for future trends?
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