Gas-insulated Switchgear Market

Gas-insulated Switchgear Market by Voltage Rating, Insulation Type, Installation (Indoor, Outdoor), End User (Transmission Utility, Distribution Utility, Generation Utility, Railways & Metros, Industry & OEM), and Region - Global Forecast to 2025

Report Code: EP 2784 Jun, 2020, by marketsandmarkets.com

Gas Insulated Switchgear Market

Global Gas insulated switchgear Market is expected to grow at a CAGR of 9.5%

Gas Insulated Switchgear Market and Top Companies

Key market players profiled in the Gas insulated switchgear market report includes:

  • ABB (Switzerland)
  • Siemens (Germany)
  • Schneider Electric (France)
  • General Electric (US)
  • Eaton Corporation (Ireland)
  • Hitachi (Japan)
  • Larsen & Toubro (India)
  • Mitsubishi Electric (Japan)
  • Fuji Electric (Japan)
  • Nissin Electric (Japan)
  • ABB (Switzerland) – ABB is a technology leader in electrification products, power grids, industrial automation, and robotics for industries such as Utilities, Transport, and Infrastructure. The company operates its business through 4 segments, namely Electrification Products, Robotics and Discrete Automation, Industrial Automation, and Motion. ABB has a strong global presence with its corporate research centers in 7 countries, namely China, Germany, India, Poland, Sweden, Switzerland, and the US. It operates in more than 100 countries and has more than 300 manufacturing plants located in these countries.
  • Siemens (Germany)– Siemens is a major technology company with core business activities in the field of electrification, automation, and digitalization. The company operates its business through 8 business divisions, which include Gas and Power, Digital Industries, Smart Infrastructure, Siemens Healthineers, Siemens Gamesa Renewable Energy, Mobility, Portfolio Companies, and Financial Services. Siemens operates in Europe, North America, the Middle East, and Asia Pacific. It operates in more than 100 countries across the world and has a strong network of regional offices, warehouses, R&D facilities, and sales offices. It has factory locations in the US (Sacramento, Louisville, Indiana, New Castle, Pittsburgh, Portland, and Georgia), Germany, and China among many other locations.
  • Schneider Electric (France) – Schneider Electric is an energy management and automation solution provider and a leading digital transformation company. The company holds expertise in power equipment offerings and conducts business through 2 primary divisions, namely Energy Management and Industrial Automation. Schneider Electric has more than 200 manufacturing plants. It has a presence in more than 100 countries across Europe, North America, and Asia Pacific. It has over 100 subsidiaries worldwide, including Schneider (US), Schneider Belgium N.V. (Belgium),
  • General Electric (US) – General Electric manufactures products for generation, transmission, distribution, control, and utilization of electricity. The company operates through 5 business segments, namely Aviation, Power, Healthcare, Renewable Energy, and Capital. General Electric operates in 180 countries in the US, Europe, Asia Pacific, the Middle East & Africa, and the Americas. It has 162 manufacturing plants located in 34 states in the US and Puerto Rico and 297 manufacturing plants in 41 other countries.
  • Eaton Corporation (Ireland)– Eaton Corporation is one of the leading power management equipment manufacturers in the world that provides energy-efficient solutions to manage electrical, mechanical, and hydraulic power. The company offers gas insulated switchgear under its electrical products segment which also includes other products such as UPS systems, circuit breakers, meters, sensors, load centers, motor controls, panel boards, inverters, and relays. Eaton Corporation has its presence in more than 175 countries worldwide and operates through more than 40 subsidiaries.
  • Hitachi (Japan) – Hitachi is a multinational conglomerate that provides electronic equipment, transportation, heavy electrical and industrial machinery, and consumer electronics. The company operates in 8 business segments, namely Social Infrastructure & Industrial Systems, Information and Telecommunication Systems, Electronic Systems and Equipment, Automotive Systems, Construction Machinery, Smart Life & Eco-friendly Systems, High Functional Materials & Components, and Others (Logistics and Other Services). Hitachi has a global presence covering about 100 countries in the Americas, Asia, Europe, the Middle East, and Africa.
  • Larsen & Toubro (India) – Larsen & Toubro is one of the leading Indian multinational conglomerates providing engineering, manufacturing, and construction services. The company operates through 10 business segments, namely Hydrocarbon, Infrastructure, Power, Electrical & Automation, Heavy Engineering, IT & Technology Services, Developmental Projects, Financial Services, Defense Engineering, and Others. Larsen & Toubro has a global presence with offices in North America, South America, the Middle East, Asia Pacific, and Europe. The company has manufacturing facilities in India (Navi Mumbai, Ahmednagar, Vadodara, and Coimbatore), Saudi Arabia, Kuwait, the UAE, Malaysia, Indonesia, and the UK. The company has 6 R&D facilities and test laboratories in India.
  • Mitsubishi Electric (Japan) – Mitsubishi Electric manufactures electric and electronic equipment for domestic as well as commercial purposes. The company operates through 6 business segments, namely Industrial Automation Systems, Energy and Electric Systems, Home Appliances, Information and Communication Systems, Electronic Devices, and Others. It offers switchgear products through its Energy and Electric Systems segment and Industrial Automation Systems segment.
  • Fuji Electric (Japan) ­­­– Fuji Electric is one of the leading manufacturers of electrical equipment, pressure transmitters, flow meters, and other equipment. Fuji Electric has a sales network across 121 locations, with its products being sold in more than 102 countries, such as the US, Canada, Japan, China, Singapore, Thailand, Vietnam, and Indonesia. It is focusing on increasing its R&D expenditure, which is likely to strengthen its Power Electronics Systems business segment, with its overseas R&D centers in North America, Europe, and China. Some of its major subsidiaries include Fuji Electric (Europe) and Fuji Electric (America).
  • Nissin Electric (Japan) ­­­– Nissin Electric carries out the manufacturing, sale, and customer service related to electrical equipment and instruments. The company operates its business through 4 business segments, namely Power System Equipment, Charged Beam Equipment and Processing, Renewable Energy and Environment, and Life Cycle Engineering. The company has a major presence in countries such as Taiwan, South Korea, India, Malaysia, Pakistan, Ghana, Nigeria, South Africa, and France. Some of its major subsidiaries include Nissin Electric (Wuxi) Co., Beijing Hongda Nissin Electric Co., and Nissin Electric Wuxi Co.

Gas insulated switchgear Market and Top End User

Top end users in gas insulated switchgear Market are:

  • Power Transmission Utility
  • Power Distribution Utility
  • Power Generation Utility
  • Power Transmission Utility – Power transmission utilities are responsible for the transmission grid expansion, refurbishment, and procurement of high-voltage equipment. In the past few years, investments in the transmission system have grown significantly and are expected to grow at a rapid pace in the future. Thus, Investments in the transmission system will result in the addition of transmission lines, which lead to the addition of high-voltage substations where gas-insulated switchgears play a vital role in grid protection and efficient flow of power. With increasing investments in the power infrastructure, the market for gas-insulated switchgears is expected to grow
  • Power Distribution Utility – Power distribution utilities have jurisdiction over the medium-voltage transmission and some parts of the sub-transmission voltage in the grid infrastructure. These utilities take care of the operation, maintenance, and installation of the grid infrastructure along with the realization of the consumed electricity and energy-efficient projects. At distribution voltages, space constraints are a major challenge in the expansion of the distribution grid infrastructure. This can be resolved by GIS substations, which reduce the space required for substations by approximately 70%. This would create new revenue pockets for gas-insulated switchgear manufacturers.
  • Power Generation Utility – Every power station has a substation that requires transformers, along with gas-insulated switchgears, to step up the voltage; therefore, the growing number of substations will have a positive effect on the demand for gas-insulated switchgears. Thus, growth in power generation due to growing power requirements will require more power stations, which will increase the number of substations, leading to an increase in the demand for gas-insulated switchgears.

Gas insulated switchgear Market and Top installation type

Top installation type in gas insulated switchgear market are:

  • Outdoor
  • Outdoor – Outdoor gas-insulated switchgears are designed to be installed in an open environment, unlike indoor gas-insulated switchgears. Outdoor gas-insulated switchgears are employed in substations and switchyards where there are no space constraints for the installation of such substations outdoors. This enables the user to employ the solution at various offshore sites, thereby resulting in the high growth rate of outdoor gas-insulated switchgears. presents promising opportunities for the outdoor-type gas-insulated switchgear market.

Gas insulated switchgear Market and Top Use Cases

Top use cases in gas insulated switchgear Market are:

  • January 2020 – Siemens acquired C&S Electric, one of India’s largest switchgear and power equipment companies, with its major operations in switchgear, busbar, and metering devices to become one of the leading players in terms of switchgear.
  • July 2019 – Eaton Corporation acquired Innovative Switchgear Solutions; a company specialized in the manufacturing of medium-voltage electrical equipment. The acquisition will enhance Eaton’s portfolio, thereby increasing its customer base. in India.
  • June 2018 – ABB acquired GE’s global electrification solutions, which will expand the product portfolio of ABB, leading to an increase in the switchgear product offering.

[197 Pages Report] The global gas-insulated switchgear market is projected to grow from USD 16.9 billion in 2020 to USD 26.5 billion by 2025, at a CAGR of 9.5%. The factors driving market growth are the growing investments in renewable energy and government initiatives to reduce carbon emissions along with the expansion of electrical grids due to the growing industrialization and urbanization.

Adaptive Learning Market

The transmission segment is expected to be the largest market during the forecast period

The market, by end user, has been segmented into power transmission utility, power generation utility, power distribution utility, railways & metros, industrial & OEMs, and commercial. The transmission segment is expected to be the most significant gas-insulated switchgear market, by end user, during the forecast period. This dominance can be attributed to growing power requirements due to rising urbanization along with a growing population, resulting in an increase in the transmission network across the world. A growing transmission network will result in the expansion of the transmission network, which will lead to an increase in the number of substations, which is then expected to boost the demand for gas-insulated switchgears. However, COVID-19 will have negative impacts as the manufacturing centers and ongoing projects have been shut down due to the lockdown; this is expected to adversely impact the demand for gas-insulated switchgears.

The SF6 segment, by insulation type, is expected to hold the largest share during the forecast period

The gas-insulated switchgear market, by insulation type, has been segmented into SF6, and SF6-free. The SF6 segment is estimated to hold the largest share during the forecast period.

The SF6 segment is anticipated to constitute the majority of the gas-insulated switchgear market share. A gas-insulated switchgear uses the dielectric gas sulfur hexafluoride, also known as SF6, at moderate pressure for phase-to-phase and phase-to-ground insulation. Due to its strong dielectric property, it is used extensively in the transmission and distribution system with high voltages and power and also in generation substations. Switchgears filled with SF6 occupy very little space and are therefore ideal for those places where space is a constraint. With investments in the electricity sector growing on a global scale, mainly in renewable sources, the SF6 gas-insulated switchgear market is expected to witness remarkable growth during the forecast period. However, due to COVID-19, manufacturers are unable to produce SF6, which will further delay the manufacturing of gas-insulated switchgears.

The indoor segment, by installation, is expected to be the fastest-growing gas-insulated switchgear market during the forecast period

The gas-insulated switchgear market, by installation, has been segmented into indoor and outdoor. The outdoor segment is estimated to be the fastest-growing segment during the forecast period.

An indoor gas-insulated switchgear is generally of metal-clad type. In this type of construction, all live parts are completely enclosed in an earthed metal casing. The indoor type of gas-insulated switchgears is commonly used in medium-voltage applications where the enclosure type is suitable for indoor environments. Most of the indoor gas-insulated switchgears are used in industries and commercial applications for power stability, where the substations are installed at a medium voltage. Thus, an uninterrupted power supply is a key factor driving the demand for indoor gas-insulated switchgears. However, COVID-19 has resulted in a global lockdown to prevent its further spread. This has put a halt on all the ongoing projects, and delay in the completion of the projects will adversely affect the gas-insulated switchgear market.

The up-to-36-kV segment, by voltage rating, is expected to be the fastest-growing gas-insulated switchgear market during the forecast period

The gas-insulated switchgear market, by voltage rating, has been segmented into up to 36 kV; between 36 kV and 72.5 kV; between 72.5 kV and 220 kV; and above 220 kV. The up-to-36-kV segment is estimated to be the fastest-growing during the forecast period.

The up-to-36-kV gas-insulated-switchgears are generally used across all end-user segments, particularly in the manufacturing and process industries and T&D utilities. They are also used by the railway system; in India, most of the main line trains operate on 25 kV. Up-to-36-kV switchgears are used for the protection of industrial equipment, such as generators, motors, and compressors, HVAC and air-conditioning, heating and lighting equipment, overload current protection, and electric arc protection in T&D substations. Growth in the manufacturing sector has led to an overall growth in the industrial sector, which is expected to have a positive effect on the demand for up-to-36-kV gas-insulated switchgears. But due to the COVID-19 lockdowns, utilities are at a standstill, which has resulted in losses for the companies. This is expected to have a negative impact on the growth of the gas-insulated switchgear market.

Adaptive Learning Market by Region

APAC is expected to be the fastest-growing gas-insulated switchgear market during the forecast period

In this report, the gas-insulated switchgear market has been analyzed with respect to 5 regions, namely Asia Pacific, North America, Europe, Middle East & Africa, and South America.

Asia Pacific is expected to dominate the global gas-insulated switchgear market during the forecast period. The growth of this market can be attributed to the growing demand for power in developing countries, such as China and India, and established economies, such as Japan and China. Growing power requirements, along with the upgradation of the aging electrical infrastructure, are expected to result in an increase in the number of substations. This will propel the demand for gas-insulated switchgears during the forecast period. But due to COVID-19, there has been a drastic downfall in the economy of some of the major countries, such as India and China; this will have a negative impact on the gas-insulated switchgear market during the forecast period.

Key market players

The major players in the global gas-insulated switchgear market include ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton Corporation (Ireland), and General Electric (US).

ABB is a technology leader in electrification products, power grids, industrial automation, and robotics for industries such as utilities, transport, and infrastructure. It provides gas-insulated switchgears under its Electrification Products business segment. ABB operates in more than 100 countries and has more than 300 manufacturing plants located in these countries. ABB has a strong global presence, with corporate research centers in 7 countries, namely China, Germany, India, Poland, Sweden, Switzerland, and the US.

Siemens is a major technology company with core business activities in the field of electrification, automation, and digitalization. The company offers switchgears under its Gas and Power segment. Siemens operates in Europe, North America, the Middle East, and Asia Pacific. It operates in more than 100 countries across the world and has a strong network of regional offices, warehouses, R&D facilities, and sales offices. It also has factory locations in the US (Sacramento, Louisville, Indiana, New Castle, Pittsburgh, Portland, and Georgia), Germany, and China, among many other locations.

Scope of the Report

Report Metric

Details

Market size available for years

2018–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD)

Segments covered

Insulation Type, Installation, Voltage Rating, End User, and Region

Geographies covered

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies covered

ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton Corporation (Ireland), General Electric (US), Hitachi (Japan), Mitsubishi Electric (Japan), Fuji Electric (Japan), and Nissin Electric (Japan)

This research report categorizes the gas-insulated switchgear market by insulation type, installation, end user, voltage rating, and region.

By Insulation Type:

  • SF6
  • SF6-free

By Installation:

  • Indoor
  • Outdoor

By Voltage Rating:

  • Up to 36 kV
  • Between 36 kV and 72.5 kV
  • Between 72.5 kV and 220 kV
  • Above 220 kV

By End User:

  • Power Transmission Utility
  • Power Generation Utility
  • Power Distribution Utility
  • Railways & Metros
  • Industries & OEM
  • Commercial

By Region:

  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • South America

Recent Developments

  • In March 2020, ABB was awarded a contract by El Sewedy Electric T&D to deliver high-voltage gas-insulated switchgears along with shunt reactors to ensure reliable power supply.
  • In October 2019, ABB was awarded a contract by Svenska kraftnδt to supply 400-kV gas-insulated switchgear for the upgradation of the latter’s substation and extend the electricity transmission grid in the city of Stockholm.
  • In January 2020, Siemens acquired C&S Electric, one of India’s largest switchgear and power equipment companies, with its major operations in switchgear, busbar, and metering devices. The acquisition will help the company become one of the leading players in terms of switchgear production in India.
  • In November 2019, Siemens was awarded a contract by TransnetBW for the retrofit of a large substation as part of grid upgrades. Under the contract, Siemens is required to supply gas-insulated switchgear for the 380 kV Daxlanden substation in Karlsruhe.

Key questions addressed by the report

  • Which revolutionary technology trends are expected over the next 5 years?
  • Which elements of the gas-insulated switchgear market are expected to lead by 2025?
  • Which insulation type of gas-insulated switchgears is likely to get the maximum opportunity to grow during the forecast period?
  • Which region is expected to lead with the highest market share by 2025?
  • How are companies implementing organic and inorganic strategies to increase their market share?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENT
1INTRODUCTION (PAGE. 26)
1.1 Study Objectives
1.2 Definition
Table 1 Gas-insulated switchgear market, by insulation type: Inclusions & exclusions
1.2.1 Gas-insulated switchgear market, by voltage rating: Inclusions & exclusions
Table 2 Gas-insulated switchgear market, by voltage rating: Inclusions & exclusions
1.2.2Gas-insulated switchgear market, by installation: Inclusions & exclusions
Table 3Gas-insulated switchgear market, by voltage: Inclusions & exclusions
1.2.3Gas-insulated switchgear market, by end user: Inclusions & exclusions
Table 4Gas-insulated switchgear market, by end user: Inclusions & exclusions
1.3Market Scope
1.3.1Markets covered
1.3.2Regional scope
1.3.3Years considered
1.4Currency
1.5Limitations
1.6Stakeholders
1.7Summary of Changes
1.7.1Demand has not increased as expected
Figure 1MNM downgrades its forcast of gas-insulated switchgear market (2018–2025)
2 RESEARCH METHODOLOGY (PAGE. 32)
2.1Research Data
Figure 2Gas-insulated switchgear market: Research design
2.1.1Secondary data
2.1.1.1Key data from secondary sources
2.1.2Primary data
2.1.2.1Key data from primary sources
2.1.2.2Breakdown of primaries
2.2Scope
Figure 3Main metrics considered in assessing demand for gas-insulated switchgears
2.3Market Size Estimation
2.3.1Demand-side analysis
2.3.1.1Assumptions
2.3.2Supply-side analysis
2.3.2.1Assumptions
2.3.2.2Calculation
Figure 4Supply-side analysis
Figure 5Main metrics considered in assessing supply for gas-insulated switchgears
Figure 6Ranking of key players & industry concentration, 2019
2.3.3Forecast
2.4Market Breakdown and Data Triangulation
Figure 7Data Triangulation methodology
2.5Primary Insights
Figure 8Key service providers’ points of view
3EXECUTIVE SUMMARY (PAGE. 42)
3.1Scenario Analysis
Figure 9Scenario analysis: Gas-insulated switchgear market, 2018–2025
Figure 10Scenario analysis: Gas-insulated switchgear market,
Table 5Gas-insulated switchgear market snapshot
Figure 12Outdoor gas-insulated switchgear, by installation, to dominate market during forecast period
Figure 13Above 220 kv, by voltage rating segment, to dominate market during forecast period
Figure 14Power transmission utility to hold largest market share, by end user, during forecast period
4PREMIUM INSIGHTS (PAGE. 48)
4.1Attractive Opportunities in the Gas-Insulated Switchgear Market
Figure 16Growing power requirements and upgradation of aging electrical infrastructure to drive market, 2020–2025
4.2Gas-Insulated Switchgear Market (Value), By Region
4.3Gas-Insulated Switchgear Market, By Insulation Type
4.4Gas-Insulated Switchgear Market, By Installation
4.5Gas-Insulated Switchgear Market, By Voltage Rating
4.6Gas-Insulated Switchgear Market, By End User
5MARKET OVERVIEW (PAGE. 51)
5.1Introduction
5.2COVID-19 Health Assessment
Figure 22COVID-19 the global propagation
5.3Market Dynamics
Figure 23Gas-insulated switchgear market: Drivers, restraints, opportunities, and challenges
5.3.1Drivers
5.3.1.1Growing investments in renewable energy and government initiatives in reducing carbon emissions
Table 6Renewable electricity generation targets by major countries
5.3.1.2Increasing developments in T&D and smart infrastructure
Figure 24Global T&D investments (2012–2018)
Figure 25Renewable energy investments, by scenario (2025–2030)
5.3.1.3Rising energy demand and limitation of space availability in densely populated urban areas
Table 7Global urban population overview, by region—1990, 2018, and 2030
5.3.1.4Surging government initiatives to improve electricity access in rural areas
5.3.2Restraints
5.3.2.1Competition from unorganized or fragmented switchgear markets
5.3.2.2Stringent environmental & safety regulations along with high-cost equipment
5.3.3Opportunities
5.3.3.1Development of an environmental-friendly alternative to SF6 gas
5.3.3.2Adoption of HVDC technology
5.3.4Challenges
5.3.4.1Delays in grid expansion projects
5.3.4.2COVID-19
6 SCENARIO ANALYSIS (PAGE. 59)
Figure 26Criteria impacting economy
6.1Optimistic Scenario
Table 8Optimistic scenario: Gas-insulated switchgear market size, by region, 2018–2025 (USD Million)
6.2Realistic Scenario
Table 9Realistic scenario: Gas-insulated switchgear market size, by region, 2018–2025 (USD Million)
6.3Pessimistic Scenario
Table 10Pessimistic scenario: Gas-insulated switchgear market size, by region, 2018–2025 (USD Million)
7GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION (PAGE. 62)
7.1Introduction
Figure 27Gas-insulated switchgear market, by installation, 2019
Table 11Gas-insulated switchgear market, by installation, 2018–2025 (USD Million)
7.2Indoor
7.2.1Growing industrial and commercial sector in developing countries to increase demand
Table 12Indoor: Gas-insulated switchgear market, by region, 2018–2025 (USD Million)
7.3Outdoor
7.3.1Growing electricity demands leading to increasing investments in transmission and distribution network to drive demand
Table 13Outdoor: Gas-insulated switchgear market, by region, 2018–2025 (USD Million)
8GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE (PAGE. 66)
8.1Introduction
Figure 28Gas-insulated switchgear market, by insulation type, 2019
Table 14Gas-insulated switchgear market, by insulation type, 2018–2025 (USD Million)
8.2SF6
8.2.1High dielectric property and less space requirement for installation to increase demand
Table 15SF6: Gas-insulated switchgear market, by region, 2018–2025 (USD Million)
8.3SF6-Free
8.3.1Environment-friendly properties to drive demand
Table 16SF6 free: Gas-insulated switchgear market, by region, 2018–2025 (USD Million)
9GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING (PAGE. 70)
9.1Introduction
Figure 29Gas-insulated switchgear market, by voltage rating, 2019
Table 17Gas-insulated switchgear market, by voltage rating, 2018–2025 (USD Million)
9.2Up to 36 Kv
9.2.1Growing industrial & commercial sector in developing countries to boost demand
Table 18Up to 36 kv: Gas-insulated switchgear market, by region, 2018–2025 (USD Million)
9.3Between 36 kv and 72.5 kv
9.3.1Growing urbanization and investments in transmission network to drive demand
Table 19Global urban population overview, by region—1990, 2018, and 2030
Table 20Between 36 kv and 72.5 kv: Gas-insulated switchgear market, by region, 2018–2025 (USD Million)
9.4Between 72.5 kv and 220 kv
9.4.1Investments in electrical transmission network to drive demand
Table 21Between 72.5 kv and 220 kv: Gas-insulated switchgear market, by region, 2018–2025 (USD Million)
9.5Above 220 kv
9.5.1Rapid increase in electricity demand and upgradation of high-voltage substations to drive demand
Table 22Above 220 kv: Gas-insulated switchgear market, by region, 2018–2025 (USD Million)
10GAS-INSULATED SWITCHGEAR MARKET, BY END USER (PAGE. 76)
10.1Introduction
Figure 30Gas-insulated switchgear market, by end user, 2019
Table 23Gas-insulated switchgear market, by end user, 2018–2025 (USD Million)
10.2Power Transmission Utility
10.2.1Expanding power transmission network in developing countries to increase demand
Table 24Power transmission utility: Gas-insulated switchgear market, by region, 2018–2025 (USD Million)
10.3Power Distribution Utility
10.3.1Growing urbanization and space constraints in urban areas to drive demand
Table 25Power distribution utility: Gas-insulated switchgear market, by region, 2018–2025 (USD Million)
10.4Power Generation Utility
10.4.1Growing power requirements to spur demand
Table 26Power generation utility: Gas-insulated switchgear market, by region, 2018–2025 (USD Million)
10.5Railways & Metros
10.5.1Growing investments in railways to promote demand
Table 27Railways & metros: Gas-insulated switchgear market, by region, 2018–2025 (USD Million)
10.6Industries & OEM
10.6.1Growing industrial sector to boost demand
Table 28Industries & OEMS: Gas-insulated switchgear market, by region, 2018–2025 (USD Million)
10.7Commercial
10.7.1Growing infrastructure and economies to propel demand
Table 29Commercial: Gas-insulated switchgear market, by region, 2018–2025 (USD Million)
11GAS-INSULATED SWITCHGEAR MARKET, BY REGION (PAGE. 83)
11.1Introduction
Figure 31Regional snapshot: Asia Pacific and North America to grow at highest CAGR during forecast period (Value)
Figure 32Gas-insulated switchgear market share (value), by region, 2019
11.1.1Impact of COVID-19 on global economy
Table 30Global: gas-insulated switchgear market size, 2018–2025 (USD Million)
Figure 33Global: COVID-19 Impact
11.1.2By region
Table 31Global: Gas-insulated switchgear market size, by region, 2018–2025 (USD Million)
11.2Asia Pacific
Figure 34Asia pacific: Regional snapshot (2019)
11.2.1By voltage rating
Table 32Asia Pacific: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
11.2.2By end user
Table 33Asia Pacific: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.2.3By insulation type
Table 34Asia Pacific: Gas-insulated switchgear market size, by insulation type, 2018–2025 (USD Million)
11.2.4By installAtion
Table 35Asia Pacific: Gas-insulated switchgear market size, by installation, 2018–2025 (USD Million)
11.2.5Impact of COVID-19 on Asia Pacific
Table 36Asia Pacific: Gas-insulated switchgear market size, 2018–2025 (USD Million)
Figure 35Asia Pacific: COVID-19 impact
11.2.6By country
Table 37Asia Pacific: Gas-insulated switchgear market size, by country, 2018–2025 (USD Million)
11.2.6.1China
11.2.6.1.1Increasing investments in T&D sector to drive market but COVID-19 to have negative impacts
Table 38China: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 39China: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.2.6.2India
11.2.6.2.1Rising power generation to drive market but COVID-19 lockdown to have negative impacts
Table 40India: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 41India: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.2.6.3Japan
11.2.6.3.1Growing infrastructure alongside growth in power substations to drive market
Table 42Japan: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 43Japan: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.2.6.4South Korea
11.2.6.4.1Government initiatives toward renewable power generation to increase demand
Table 44south korea: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 45south korea: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.2.6.5Australia
11.2.6.5.1Rapid industrialization with growing power requirements to boost demand
Table 46Australia: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 47Australia: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.2.6.6Indonesia
11.2.6.6.1Growing government initiatives toward renewable sources to boost demand
Table 48Indonesia: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 49Indonesia: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.2.6.7Singapore
11.2.6.7.1Growing consumption of electricity to enhance demand
Table 50Singapore: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 51Singapore: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.2.6.8Malaysia
11.2.6.8.1Rapid industrialization with growing economy to boost demand
Table 52Malaysia: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 53Malaysia: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.2.6.9Taiwan
11.2.6.9.1Government initiatives toward renewable power generation to increase demand
Table 54Taiwan: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 55Taiwan: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.2.6.10Thailand
11.2.6.10.1Growth in power generation to boost demand
Table 56Thailand: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 57Thailand: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.2.6.11Philippines
11.2.6.11.1Growing urbanization to spur demand
Table 58Philippines: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 59Philippines: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.2.6.12New Zealand
11.2.6.12.1Investments in renewable generation to stimulate demand
Table 60New Zealand: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 61New Zealand: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.3Europe
11.3.1By voltage rating
Table 62Europe: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
11.3.2By insulation
Table 63Europe: Gas-insulated switchgear market size, by insulation type, 2018–2025 (USD Million)
11.3.3By installation
Table 64Europe: Gas-insulated switchgear market size, by installation, 2018–2025 (USD Million)
11.3.4By end user
Table 65Europe: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.3.5Impact of COVID-19 on Europe
Table 66Europe: Gas-insulated switchgear market size, 2018–2025 (USD Million)
Figure 36Europe: COVID-19 Impact
11.3.6By country
Table 67Europe: Gas-insulated switchgear market size, by country, 2018–2025 (USD Million)
11.3.6.1Germany
11.3.6.1.1Growing economy along with sustainable growth in renewable sector to boost market
Table 68Germany: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 69Germany: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.3.6.1.2CIS Countries
Table 70CIS countries: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 71CIS countries: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.3.6.2UK
11.3.6.2.1Increasing investments in renewables with high industrialization to drive market
Table 72UK: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 73UK: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.3.6.3France
11.3.6.3.1Growing renewable energy consumption to increase demand
Table 74France: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 75France: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.3.6.4Spain
11.3.6.4.1Upgradation of transmission system to boost demand
Table 76Spain: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 77Spain: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.3.6.5Italy
11.3.6.5.1Growing government initiatives toward renewable energy to stimulate demand
Table 78Italy: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 79Italy: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.3.6.6Norway
11.3.6.6.1Growing renewable energy consumption to increase demand
Table 80Norway: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 81Norway: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.3.6.7Sweden
11.3.6.7.1Increasing investments in renewable energy consumption to increase demand
Table 82Sweden: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 83Sweden: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.3.6.8Denmark
11.3.6.8.1Growing economy and use of renewable energy for power generation to raise demand
Table 84Denmark: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 85Denmark: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.3.6.9Rest of Europe
11.3.6.9.1Growth in infrastructure with increasing power generation to boost market
Table 86Rest of Europe: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 87Rest of Europe: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.4North America
Figure 37North America: Regional snapshot (2019)
11.4.1By voltage rating
Table 88North America: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
11.4.2By insulation
Table 89North America: Gas-insulated switchgear market size, by insulation type, 2018–2025 (USD Million)
11.4.3By installation
Table 90North America: Gas-insulated switchgear market size, by installation, 2018–2025 (USD Million)
11.4.4By end user
Table 91North America: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.4.5Impact of COVID-19 on North America
Table 92North America: gas-insulated switchgear market size, 2018–2025 (USD Million)
Figure 38North America: COVID-19 impact
11.4.6By country
Table 93North America: Gas-insulated switchgear market size, by country, 2018–2025 (USD Million)
11.4.6.1US
11.4.6.1.1Upgradation of existing power infrastructure to drive market but COVID-19 to have adverse effects
Table 94US: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 95US: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.4.6.2Canada
11.4.6.2.1Growing demand for replacement of aging electricity infrastructure to drive market
Table 96Canada: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 97Canada: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.4.6.3Mexico
11.4.6.3.1Investments in electric infrastructure to boost market
Table 98Mexico: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 99Mexico: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.5Middle East & Africa
11.5.1By voltage rating
Table 100Middle East & Africa: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
11.5.2By insulation type
Table 101Middle East & Africa: Gas-insulated switchgear market size, by insulation type, 2018–2025 (USD Million)
11.5.3By installation
Table 102Middle East & Africa: Gas-insulated switchgear market size, by installation, 2018–2025 (USD Million)
11.5.4By end user
Table 103Middle East & Africa: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.5.5Impact of COVID-19 on Middle East & Africa
Table 104Middle East & Africa: gas-insulated switchgear market size, 2018–2025 (USD Million)
Figure 39Middle East & Africa: COVID-19 impact
11.5.6By country
Table 105Middle East & Africa: Gas-insulated switchgear market size, by country, 2018–2025 (USD Million)
11.5.6.1Saudi Arabia
11.5.6.1.1Growing investments in power generation projects to increase demand
Table 106Saudi Arabia: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 107Saudi Arabia: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.5.6.2UAE
11.5.6.2.1Growing construction sector to increase demand
Table 108UAE: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 109UAE: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.5.6.3South Africa
11.5.6.3.1Growing industrial and commercial sectors to drive market
Table 110South Africa: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 111South Africa: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.5.6.4Kuwait
11.5.6.4.1Growing energy demand to drive market
Table 112Kuwait: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 113Kuwait: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.5.6.5Rest of Middle East & Africa
11.5.6.5.1Growing investments to develop power sector to drive market
Table 114Rest of Middle East & Africa: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 115Rest of Middle East & Africa: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.6South America
11.6.1Rising power generation capacity to drive market
11.6.2By voltage rating
Table 116South America: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
11.6.3By insulation type
Table 117South America: Gas-insulated switchgear market size, by insulation type, 2018–2025 (USD Million)
11.6.4By installation
Table 118South America: Gas-insulated switchgear market size, by installation, 2018–2025 (USD Million)
11.6.5By end user
Table 119South America: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.6.6Impact of COVID-19 on South America
Table 120South America: Gas-insulated switchgear market size, 2018–2025 (USD Million)
Figure 40South America: COVID-19 impact
11.6.7By country
Table 121South America: Gas-insulated switchgear market size, by country, 2018–2025 (USD Million)
11.6.7.1Brazil
11.6.7.1.1Modernization of power infrastructure to drive market
Table 122Brazil: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 123Brazil: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
11.6.7.2Rest of South America
11.6.7.2.1Growing investments in renewables to drive market
Table 124Rest of South America: Gas-insulated switchgear market size, by voltage rating, 2018–2025 (USD Million)
Table 125Rest of South America: Gas-insulated switchgear market size, by end user, 2018–2025 (USD Million)
12COMPETITIVE LANDSCAPE (PAGE. 140)
12.1Overview
Figure 41Key developments in gas-insulated switchgear market, 2017–2019
12.2Competitive Leadership Mapping (Overall Market)
12.2.1Visionary leaders
12.2.2Innovators
12.2.3Dynamic differentiators
12.2.4Emerging companies
Figure 42Gas-insulated switchgear market: (Global) competitive leadership mapping, 2019
12.3Market Share, 2019
Figure 43ABB dominated market in 2019
12.4Competitive Scenario
12.4.1New product launches
12.4.2Mergers & acquisitions
12.4.3Contracts & agreements
12.4.4Investments & expansions
12.4.5Others
13COMPANY PROFILES (PAGE. 148)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, COVID-19 Impact, SWOT Analysis, MNM View)*
13.1ABB
Figure 44ABB: Company snapshot
Figure 45ABB: SWOT analysis
13.2SIEMENS
Figure 46SIEMENS: Company snapshot
Figure 47SIEMENS: SWOT analysis
13.3SCHNEIDER ELECTRIC
Figure 48SCHNEIDER ELECTRIC: Company snapshot
Figure 49SCHNEIDER ELECTRIC: SWOT analysis
13.4GENERAL ELECTRIC
Figure 50GENERAL ELECTRIC: Company snapshot
Figure 51GENERAL ELECTRIC: SWOT analysis
13.5EATON CORPORATION
Figure 52EATON CORPORATION: Company snapshot
Figure 53EATON CORPORATION: SWOT analysis
13.6MITSUBISHI ELECTRIC
Figure 54MITSUBISHI ELECTRIC: Company snapshot
13.7HITACHI
Figure 55HITACHI: Company snapshot
13.8HYUNDAI ELECTRIC & ENERGY SYSTEMS
Figure 56HYUNDAI ELECTRIC & ENERGY SYSTEMS: Company snapshot
13.9FUJI ELECTRIC
Figure 57FUJI ELECTRIC: Company snapshot
13.10CROMPTON GREAVES POWER AND INDUSTRIAL SOLUTIONS
Figure 58CROMPTON GREAVES POWER AND INDUSTRIAL SOLUTIONS: Company snapshot
13.11LARSEN & TOUBRO
Figure 59LARSEN & TOUBRO: Company snapshot
13.12NISSIN ELECTRIC
Figure 60NISSIN ELECTRIC: Company snapshot
13.13MEIDENSHA CORPORATION
Figure 61MEIDENSHA CORPORATION: Company snapshot
13.14POWELL INDUSTRIES
Figure 62POWELL INDUSTRIES: Company snapshot
13.15ELECKTROBUDOWA SA
Figure 63ELECKTROBUDOWA: Company snapshot
*Details on Business overview, Products/Solutions/Services Offered, Recent Developments, COVID-19 Impact, SWOT Analysis, MNM view might not be captured in case of unlisted companies.
13.16ILJIN ELECTRIC
13.17HYOSUNG
13.18CHINT
13.19TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION
13.20SEL S.P.A
14APPENDIX (PAGE. 196)
14.1Insights of Industry Experts
14.2Discussion Guide
14.3Knowledge Store: MarketsandMarkets’ Subscription Portal
14.4Available Customizations
14.5Related Reports
14.6Author Details

This study involved 4 major activities in estimating the current size of the gas-insulated switchgear market. Exhaustive secondary research was done to collect information on the market, the peer markets, and the parent markets. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through rigorous primary research. Both top-down and bottom-up approaches were used to estimate the total market size. The market breakdown and data triangulation techniques were employed to estimate the market size of the segments and the corresponding subsegments.

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases, such as UNCTAD data, industry publications, several newspaper articles, Statista Industry Journal, Factiva, and gas-insulated switchgear journals to identify and collect information useful for a technical, market-oriented, and commercial study of the gas-insulated switchgear market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research

The gas-insulated switchgear market comprises several stakeholders, such as technicians and repair personnel, companies in the switchgear industry, companies in the railway & metro industry, T&D utilities, government and research organizations, power generation plants, commercial sector, power & energy associations, and SF6 and other raw material producers.

The supply side is characterized by the increasing adoption of new product launches, contracts & agreements, and mergers & acquisitions among leading players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:

Adaptive Learning Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global gas-insulated switchgear market and its dependent submarkets. These methods were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and demand side have been identified through extensive secondary research, and their market shares in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed to estimate the size of the global gas-insulated switchgear market after COVID-19’s impact and arrive at the exact statistics for all segments and subsegments, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Report Objectives

  • To define, describe, and forecast the global gas-insulated switchgear market based on insulation type, installation, end user, voltage rating, and region
  • To provide detailed information regarding the major factors influencing the growth of the gas-insulated switchgear market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the gas-insulated switchgear market with respect to individual growth trends, prospects, and contributions of each segment to the market
  • To analyze the market opportunities for stakeholders and provide details of the competitive landscape for market leaders
  • To benchmark players within the market using the proprietary Vendor DIVE framework, which analyzes the market players on various parameters within the broad categories of business and product strategies
  • To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the gas-insulated switchgear market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the client’s specific needs. The following customization options are available for this report:

Product Analysis

  • Product Matrix, which provides a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players
COVID-19

Get in-depth analysis of the COVID-19 impact on the Gas-insulated Switchgear Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Gas-insulated Switchgear Market

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