ガス絶縁開閉装置市場 – 2029年までの世界予測

Gas Insulated Switchgear Market - Global Forecast To 2029

ガス絶縁開閉装置市場 - 設置(屋内、屋外)、絶縁タイプ(SF6、SF6フリー)、定格電圧、構成(ハイブリッド、絶縁相、統合三相、コンパクトGIS)、エンドユーザー、および地域別 - 2029年までの世界予測
Gas Insulated Switchgear Market by Installation (Indoor, Outdoor), Insulation Type (SF6, SF6 free), Voltage Rating, Configuration ( Hybrid, Isolated Phase, Integrated three phase, Compact GIS), End-User, and Region - Global Forecast to 2029

商品番号 : SMB-46821

出版社MarketsandMarkets
出版年月2024年12月
ページ数324
図表数346
価格タイプシングルユーザライセンス
価格USD 7,150
種別英文調査報告書

Report Overview

The global gas insulated switchgear market is on a growth curve, projected to reach USD 33.53 billion by the end of 2029 in comparison to the estimated USD 24.93 billion in 2024, at a steady CAGR of 6.1% within the forecast period of 2024 to 2029.

世界のガス絶縁開閉装置市場は成長曲線上にあり、2024年から2029年の予測期間内に6.1%の安定したCAGRで、2024年の推定249億3,000万米ドルと比較して、2029年末までに335億3,000万米ドルに達すると予測されています。

This continuous growth in the gas insulated switchgear market is closely associated with the incremental increase in global energy demand due to the increased consumption of energy within the recent years and forms the primary catalyst for the rise in the surge of electricity demand. Among the major drivers, the industrial sector is poised to be the biggest driver of the increased demand, although the commercial, service, and residential sectors also play major significant contributions. The vigorous demand for energy sources creates fluctuations of energy supply and demand, bringing about changes in prices in the energy market. This price variability is mainly due to a combination of factors, such as the presence of good economic conditions, enough energy resources, and increased electrical power consumption. Also, there is the concern for energy management focusing on ways in order to properly manage the scenarios found, especially in the development of the Internet of Things (IoT) home and building automation applications. Hence, these factors highlight the urgent demand for gas-insulated switchgear that would facilitate monitoring and optimization of energy usage.

ガス絶縁開閉装置市場 - 2029年までの世界予測
gas-insulated-switchgear-market

Sulfur hexafluoride (SF6) gas is placed in gas-tight metallic enclosures, where it acts as both an insulating and arc-quenching medium for all components carrying electrical current inside GIS substations. SF6 is non-flammable and does not deteriorate because it is a dry, inert gas. However, SF6 is fluorinated gases and classified as “greenhouse gases” (GHGs) with the highest potential for fueling global warming among all GHGs. Decreased SF6 emissions will hence affect how the Environmental Protection Agency of the United States examines SF6 in that country. This will lead to even stricter restrictions on SF6 use. Most of the regulations that may be applied to SF6 use are concerning the family of chemically similar fluorinated gases known as F-gases. More pronounced stringent regulations of F-gas will have a greater effect on SF6 usage, thereby affecting the market for gas-insulated switchgear.

“16 to 27 kV segment, by voltage rating, to be fastest growing market from 2024 to 2029.”

In the electrical infrastructure, GIS with a voltage rating of 16 to 27 kV has been popularized both in the distribution and industrial environment for their compact design, reliable performance, and minimum maintenance requirement. In addition, the increasing environmental concerns about sulfur hexafluoride (SF6), which is the insulator typically used, have garnered significant study over sustainable and more environmentally friendly alternatives for insulation, thus representing a growing industry tendency toward green GIS technology. In addition, according to the International Energy Agency, global energy consumption rose by an impressive 4.6% in 2022. These developments have induced extensive investment in the transmission infrastructure: India, China, the UAE, and Argentina are a few emerging economic giants driving such initiatives. This throws open wide prospects for the growth and consolidation of the market for gas-insulated switchgear in this particular sector.

“SF6 segment, by insulation type, to be the largest market from 2024 to 2029.”

Gas-insulated switchgear (GIS) uses sulfur hexafluoride (SF6) gas, which is a dielectric at moderate pressure, for insulation among phases as well as to the ground. All the high-voltage units such as conductors, circuit breaker, switches, voltage transformers, and current transformers are fitted within a metal casing that is full of SF6 gas. SF6-filled GIS systems have an enormous advantage in space-constrained environments where air-insulated systems would have delivered similar insulating attributes in much greater volume. SF6 is a non-toxic, inert, colorless, tasteless, odorless, and non-flammable gas with superior insulating and arcinterruption properties, making it the preferred choice for modern high-voltage circuit interruption, replacing older mediums like oil and air.

“Asia Pacific to be largest and fastest growing region in gas insulated switchgear market.”

The Asia Pacific is expected to lead the global market for gas insulated switchgear and is expected to achieve the highest Compound Annual Growth Rate (CAGR) in this region during 2023-2028. This can be attributed to the strong economic development and rapid growth of big Asian economies. Gas insulated switchgear is primarily used among the following end-users: industrial, commercial & institutional, electrical utilities, data centers and aftermarkets. The manufacturing sector in this region is expected to continue its market growth due to lower capital and labor costs. With the increased population both in China and India, the electricity generation requirement is escalating. Clean energy sources are widely adopted to efficiently meet the region’s expanding energy requirements. These nations are actively modernizing their aging infrastructure to facilitate the integration of renewable energy sources into the national grid. Subsequently, the demand for gas insulated switchgear for electrical regulation and fault protection is expected to experience rapid growth is pushing the gas insulated switchgear market in Asia Pacific.

ガス絶縁開閉装置市場 - 2029年までの世界予測 region
gas-insulated-switchgear-market-region

Breakdown of Primaries:

In-depth interviews with key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, were conducted to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The primary interviews were distributed as follows:

  • By Company Type: Tier 1-30%, Tier 2-55%, and Tier 3-15%
  • By Designation: C-Level-30%, D-Level-20%, and Others-50%
  • By Region: North America–18%, Europe–8%, Asia Pacific–60%, Middle East & Africa–10%, and South America–4%

Note: “Others” include sales managers, engineers, and regional managers

The tiers of the companies are defined based on their total revenue as of 2023: Tier 1: >USD 1 billion, Tier 2: USD 500 million–1 billion, and Tier 3: <USD 500 million.

The gas insulated switchgear market is largely dominated by well established global players. Major industrial control transformer market participants are ABB (Switzerland), Siemens (Germany), General Electric (US), Schneider Electric (France), Eaton (Ireland), Mitsubishi Electric (Japan), Nissin Electric (Japan), CG Power and Industrial Solutions (India), Fuji Electric (Japan), Powell Industries (US), Hyundai Electric & Energy Systems (South Korea), Hitachi (Japan), and many others.

ガス絶縁開閉装置市場 - 2029年までの世界予測 ecosystem
gas-insulated-switchgear-market-ecosystem

Research Coverage:

The report provides a comprehensive definition, description, and forecast of the gas insulated switchgear market based on various parameters, including Insulation Type (SF6, SF6 Free), Installation (Indoor, Outdoor), Voltage Rating (Up to 5 kV, 6 to 15 kV, 16 to 27 kV, 28 to 40.5 kV, 40.6 to 73 kV, 74 to 220 kV, Above 220 kV), Configuration (Hybrid, Compact GIS, Integrated Three Phase, Isolated Phase), End-User (Industrial, Commercial & Institutional, Electrical Utilities, Data Centers, Aftermarket), and region (Asia Pacific, North America, Europe, Middle East and Africa, South America). The report provides an in-depth qualitative and quantitative analysis of the gas insulated switchgear market, including detailed thoroughness about the important market drivers, limitations, opportunities, and challenges. It also includes critical elements of the market like a competitive landscape study, market dynamics analysis, value-based market estimates, and future trends of the gas insulated switchgear market.

Key Benefits of Buying the Report

The report has been well-thought out to assist established industry leaders as well as newcomers who are emerging in the gas insulated switchgear market. It offers reliable revenue forecasts for the overall market and its individual sub-segments. This data is helpful for stakeholders as it allows them to gain a comprehensive understanding of the competitive landscape and go on to formulate effective market strategies for the businesses they are involved with. The report also acts as a medium of expression for the stakeholders to understand the prevailing market state. This is achieved by relating the market through the manifest insights that underline market drivers, limitations, challenges, and opportunities for growth. By embedding these insights, stakeholders make well-informed choices and remain updated about the evolving gas insulated switchgear industry dynamics.

  • Analysis of key drivers (Adoption of SF6-free solutions, Transition toward Renewable Energy, Enhanced electrical safety and efficiency offered by gas insulated switchgear), restraints (High Procurement Costs affecting the growth of the gas-insulated switchgear, Regulatory restrictions on SF6 gas emissions), opportunities (Increasing urbanization and industrialization, Expansion of Smart Grid Networks), and challenges (Operational Challenges Associated with Gas Insulated Switchgear, Competition from the Unorganized Sector) influencing the growth of the gas insulated switchgear market.
  • Product Development/ Innovation: The gas insulated switchgear market is in a constant state of evolution, with a major focus on product development and innovation. Some major industry players such as ABB, Siemens, Schneider Electric, and General Electric are moving ahead with a focus on broadening their product offerings to satisfy changing demands and environmental considerations. With growing environmental concerns related to sulfur hexafluoride (SF6), big strides in research and development are being implemented to usher in the creation and deployment of SF6-free alternatives. The aim is to retain all the performance aspects of SF6 while mitigating its adverse environmental footprint. There is also a marked trend toward increasing the ‘intelligence’ of gas insulated switchgear by using digital technology and IoT. It will integrate into complete remote monitoring, diagnostics, and even predictive maintenance. All these developments will take the reliability and efficiency to new levels in the equipment. Some other important developments in the market are hybrid gas insulated switchgears. Such switchgears combine the advantages of both gas and solid insulation. This offers an innovative solution toward higher reliability while simultaneously reducing environmental impact.
  • Market Development: The gas insulated switchgear market is witnessing tremendous growth and evolution under the impetus of different factors. The thirst for electricity, primarily to satisfy global energy consumption trends, has led to the increasing renewable energy capacity; this has necessitated efficient and reliable distribution power solutions, where gas insulated switchgear is a clear favorite. It is compact in size and has fewer maintenance requirements, making it a more desirable choice for applications in constrained spaces. Besides, the eco-friendly types of insulating gases are increasing rapidly while trying to overcome the environmental issues created by sulfur hexafluoride (SF6). Moreover, the growth in the transmission infrastructure, especially in fast-developing economies, where enormous generation, distribution, and integration of clean energy sources are required to power escalated electricity needs. This market is poised for significant growth, especially in the Asia Pacific region, and is also responsive to new trends in energy as well as environmental issues.
  • Market Diversification: As there are many diversifying factors, the gas insulated switchgear market is highly diversified. The market players are now focusing on developing and adopting environment-friendly, SF6-free insulation alternatives for environmental concerns. Thus, the market is diversifying across various kinds of insulations, ranging from traditional SF6 types to newer, emerging SF6-free options. Also, there is installation diversity as both indoor and outdoor GIS systems are establishing an increasing presence to cater to diverse application requirements. Voltage ratings are expanding to meet the range of diverse electrical infrastructure requirements. Configuration choices, such as hybrid, compact GIS, and isolated phase designs, offer end users diversity. This further diversification across the various end-user sectors-from industrial to commercial, institutional, electrical utilities, data centers, and aftermarket-strongly reflects the widespread utility of gas-insulated switchgear across divergent industries. Market diversification reflects industry efforts in response to evolving demands, sustainability objectives, and technological advancements.
  • Competitive Assessment: A detailed analysis was carried out to examine the market penetration, growth patterns, and service offering of major players in the gas-insulated switchgear market. Key companies involved are: Eaton (Ireland), ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Hitachi Ltd. (Japan), and many more. This analysis provides in-depth insights into the competitive position of the major players, approaches they apply to drive market growth, and services offered within the gas insulated switchgear segment.

Table of Contents

1               INTRODUCTION              28

1.1           STUDY OBJECTIVES       28

1.2           MARKET DEFINITION   28

1.3           STUDY SCOPE   29

1.3.1        MARKETS COVERED       29

1.3.2        YEARS CONSIDERED      30

1.3.3        INCLUSIONS AND EXCLUSIONS 30

1.3.3.1    Gas-insulated switchgear market: Inclusions and exclusions,

by installation        30

1.3.3.2    Gas-insulated switchgear market: Inclusions and exclusions,

by insulation type 30

1.3.3.3    Gas-insulated switchgear market: Inclusions and exclusions,

by voltage rating   31

1.3.3.4    Gas-insulated switchgear market: Inclusions and exclusions,

by configuration    31

1.3.3.5    Gas-insulated switchgear market: Inclusions and exclusions,

by end user            31

1.3.3.6    Gas-insulated switchgear market: Inclusions and exclusions,

by region                 32

1.4           CURRENCY CONSIDERED            32

1.5           UNITS CONSIDERED      32

1.6           LIMITATIONS    32

1.7           STAKEHOLDERS               32

1.8           SUMMARY OF CHANGES               33

2               RESEARCH METHODOLOGY       34

2.1           RESEARCH DATA              34

2.1.1        SECONDARY DATA          35

2.1.1.1    Key data from secondary sources       35

2.1.2        PRIMARY DATA 36

2.1.2.1    List of primary interview participants               36

2.1.2.2    Key industry insights           36

2.1.2.3    Key data from primary sources           37

2.1.2.4    Breakdown of primaries      37

2.2           MARKET SIZE ESTIMATION METHODOLOGY     39

2.2.1        BOTTOM-UP APPROACH              39

2.2.1.1    Regional analysis  40

2.2.1.2    Country-level analysis          40

2.2.1.3    Demand-side assumptions 40

2.2.1.4    Demand-side calculations   40

2.2.2        TOP-DOWN APPROACH                41

2.2.2.1    Supply-side assumptions     43

2.2.2.2    Supply-side calculations      43

2.3           MARKET BREAKDOWN AND DATA TRIANGULATION                 44

2.4           FORECAST          44

2.5           RESEARCH ASSUMPTIONS           45

2.6           RISK ANALYSIS  45

2.7           RESEARCH LIMITATIONS             45

3               EXECUTIVE SUMMARY  46

4               PREMIUM INSIGHTS       51

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN GAS-INSULATED SWITCHGEAR MARKET        51

4.2           GAS-INSULATED SWITCHGEAR MARKET, BY REGION                 51

4.3           GAS-INSULATED SWITCHGEAR MARKET IN ASIA PACIFIC,  BY INSTALLATION AND COUNTRY, 2023          52

4.4           GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION 52

4.5           GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE          53

4.6           GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING                53

4.7           GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION            54

4.8           GAS-INSULATED SWITCHGEAR MARKET, BY END USER                 54

5               MARKET OVERVIEW       55

5.1           INTRODUCTION              55

5.2           MARKET DYNAMICS       55

5.2.1        DRIVERS               56

5.2.1.1    Adoption of SF6-free solutions          56

5.2.1.2    Transition toward renewable energy 56

5.2.1.3    Enhanced electrical safety and efficiency          58

5.2.2        RESTRAINTS      58

5.2.2.1    High procurement costs      58

5.2.2.2    Regulatory restrictions on SF6 gas emissions  59

5.2.3        OPPORTUNITIES              60

5.2.3.1    Increasing urbanization and industrialization 60

5.2.3.2    Expansion of smart grid networks      61

5.2.4        CHALLENGES    62

5.2.4.1    Operational challenges associated with gas-insulated switchgear                 62

5.2.4.2    Competition from unorganized sector               63

5.3           PORTER’S FIVE FORCES ANALYSIS           64

5.3.1        THREAT OF SUBSTITUTES          65

5.3.2        BARGAINING POWER OF SUPPLIERS       65

5.3.3        BARGAINING POWER OF BUYERS             65

5.3.4        THREAT OF NEW ENTRANTS      66

5.3.5        INTENSITY OF COMPETITIVE RIVALRY 66

5.4           VALUE CHAIN ANALYSIS               66

5.4.1        RAW MATERIAL PROVIDERS/SUPPLIERS               67

5.4.2        COMPONENT MANUFACTURERS              67

5.4.3        GAS-INSULATED SWITCHGEAR MANUFACTURERS/ASSEMBLERS              68

5.4.4        DISTRIBUTORS 68

5.4.5        POST-SALE SERVICES    68

5.5           INVESTMENT AND FUNDING SCENARIO               68

5.6           TECHNOLOGY ANALYSIS             69

5.6.1        KEY TECHNOLOGIES     69

5.6.1.1    SF6-free technology             69

5.6.1.2    Digital monitoring and control systems            69

5.6.2        COMPLEMENTARY TECHNOLOGIES       70

5.6.2.1    Modular switchgear              70

5.7           KEY CONFERENCES AND EVENTS, 2024–2025        70

5.8           ECOSYSTEM MAPPING  71

5.9           PATENT ANALYSIS          74

5.10         CASE STUDY ANALYSIS 79

5.10.1      NORTHERN POWERGRID COMPANY USES ABB’S SF6-FREE SWITCHGEAR FOR ELECTRICAL NETWORK              79

5.10.2      RETROFITTING IMPROVES PERFORMANCE AND MONITORING CAPABILITIES     79

5.10.3      SCHNEIDER ELECTRIC DEVELOPS SF6-FREE GREEN GIS SOLUTIONS        81

5.10.4      220 KV GIS DESIGN FOR GENERATION PLANT IN ULAANBAATAR, MONGOLIA       81

5.11         TRADE ANALYSIS             82

5.11.1      TRADE ANALYSIS OF ELECTRICAL APPARATUS FOR SWITCHING OR PROTECTING ELECTRICAL CIRCUITS WITH VOLTAGE EXCEEDING 1,000 VOLTS         82

5.11.1.1  Import scenario     82

5.11.1.2  Export scenario     83

5.11.2      TRADE ANALYSIS RELATED TO ELECTRICAL APPARATUS FOR SWITCHING OR PROTECTING ELECTRICAL CIRCUITS WITH VOLTAGE LOWER THAN 1,000 VOLTS   85

5.11.2.1  Import scenario     85

5.11.2.2  Export scenario     86

5.12         PRICING ANALYSIS          88

5.12.1      AVERAGE SELLING PRICE TREND, BY REGION   88

5.12.2      INDICATIVE PRICING ANALYSIS, BY VOLTAGE RATING                 88

5.13         TARIFFS AND REGULATORY LANDSCAPE             89

5.13.1      TARIFFS RELATED TO GAS-INSULATED SWITCHGEAR                 89

5.13.2      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             91

5.13.3      CODES AND REGULATIONS RELATED TO GAS-INSULATED SWITCHGEAR           94

5.14         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            96

5.15         KEY STAKEHOLDERS AND BUYING CRITERIA     98

5.15.1      KEY STAKEHOLDERS IN BUYING PROCESS           98

5.15.2      BUYING CRITERIA           99

5.16         IMPACT OF GENERATIVE AI/AI IN GAS-INSULATED SWITCHGEAR MARKET 100

5.16.1      ADOPTION OF GENERATIVE AI/AI APPLICATIONS IN GAS-INSULATED SWITCHGEAR MARKET               100

5.16.2      IMPACT OF GENERATIVE AI/AI BY END USER     101

5.16.3      IMPACT OF AI IN GAS-INSULATED SWITCHGEAR MARKET, BY REGION     101

5.17         MACROECONOMIC OUTLOOK FOR GAS-INSULATED SWITCHGEAR MARKET 101

6               GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION            103

6.1           INTRODUCTION              104

6.2           HYBRID                105

6.2.1        SUSTAINABLE POWER TRANSMISSION TO BOOST SEGMENT            105

6.3           ISOLATED-PHASE            106

6.3.1        REDUCTION IN ELECTRICAL LOSSES – KEY DRIVER                 106

6.4           INTEGRATED THREE-PHASE      107

6.4.1        RENEWABLE ENERGY INTEGRATION TO DRIVE SEGMENT            107

6.5           COMPACT GIS   109

6.5.1        DEMAND FOR SPACE-EFFICIENT, RELIABLE, AND HIGH-PERFORMANCE SOLUTIONS TO BOOST SEGMENT          109

7               GAS-INSULATED SWITCHGEAR MARKET, BY END USER                 111

7.1           INTRODUCTION              112

7.2           INDUSTRIAL      113

7.2.1        PROCESS              115

7.2.1.1    Energy efficiency in high-demand process industries to boost segment 115

7.2.2        DISCRETE            115

7.2.2.1    Precision in automotive assembly to drive segment        115

7.2.3        OIL & GAS            116

7.2.3.1    Facilitation of hybrid energy systems in oilfields to boost growth                 116

7.2.4        OTHER INDUSTRIAL END USERS              116

7.3           COMMERCIAL & INSTITUTIONAL             117

7.3.1        COMMERCIAL   119

7.3.1.1    Reliable power supply for high-demand commercial facilities to fuel segment          119

7.3.2        INSTITUTIONAL               119

7.3.2.1    Centralized power management for large educational campuses – key driver               119

7.3.3        INFRASTRUCTURE          119

7.3.3.1    Enhancement of Smart City utilities with compact GIS to drive segment 119

7.3.4        GOVERNMENT 120

7.3.4.1    Use of smart utilities in public sector projects to boost demand                 120

7.4           ELECTRICAL UTILITIES 120

7.4.1        GENERATION    122

7.4.1.1    Renewable energy integration in power plants to boost

segment growth    122

7.4.2        TRANSMISSION & DISTRIBUTION            122

7.4.2.1    Minimal energy loss in long-distance transmission to fuel growth                 122

7.5           DATA CENTERS                 123

7.5.1        NON-HYPERSCALE          124

7.5.1.1    Help overcome regulatory challenges                124

7.5.2        HYPERSCALE     125

7.5.2.1    Offer advanced monitoring capabilities            125

7.6           AFTERMARKET 125

7.6.1        ENSURES LONG-TERM PERFORMANCE OF SYSTEMS                 125

8               GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION 127

8.1           INTRODUCTION              128

8.2           INDOOR               129

8.2.1        SUSTAINABLE ENERGY INTEGRATION TO BOOST DEMAND             129

8.3           OUTDOOR          130

8.3.1        INCREASING APPLICATION IN SUBSTATIONS AND SWITCHYARDS TO PROPEL GROWTH    130

9               GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE          132

9.1           INTRODUCTION              133

9.2           SF6          134

9.2.1        OPERATIONAL BENEFITS IN POWER TRANSMISSION AND DISTRIBUTION TO BOOST SEGMENT          134

9.3           SF6-FREE              135

9.3.1        GROWING AWARENESS FOR ADOPTION IN UTILITIES TO DRIVE SEGMENT      135

10            GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING                137

10.1         INTRODUCTION              138

10.2         UP TO 5 KV         139

10.2.1      WIDE-SCALE ADOPTION IN URBAN INFRASTRUCTURE PROJECTS TO FUEL GROWTH    139

10.3         6 TO 15 KV           141

10.3.1      PLAY CRUCIAL ROLE IN UTILITY SUBSTATION MODERNIZATION           141

10.4         16 TO 27 KV         142

10.4.1      INTEGRATION WITH RENEWABLE ENERGY FOR EFFICIENT GRID CONNECTION – KEY DRIVER   142

10.5         28 TO 40.5 KV     143

10.5.1      ADAPTABILITY TO HARSH ENVIRONMENTAL CONDITIONS TO BOOST SEGMENT        143

10.6         40.6 TO 73 KV     145

10.6.1      SEGMENT DRIVEN BY ENHANCED OPERATIONAL SAFETY IN HIGH-VOLTAGE SYSTEMS     145

10.7         74 TO 220 KV      146

10.7.1      INTEGRATION OF RENEWABLE ENERGY WITH HIGH-VOLTAGE GIS TO BOOST MARKET          146

10.8         ABOVE 220 KV   147

10.8.1      MINIMAL ENERGY LOSS IN LONG-DISTANCE POWER TRANSMISSION 147

11            GAS-INSULATED SWITCHGEAR MARKET, BY REGION                 149

11.1         INTRODUCTION              150

11.2         ASIA PACIFIC     152

11.2.1      BY INSTALLATION          153

11.2.2      BY INSULATION TYPE   154

11.2.3      BY VOLTAGE RATING    155

11.2.4      BY CONFIGURATION     155

11.2.5      BY END USER     156

11.2.6      BY COUNTRY     157

11.2.6.1  China      157

11.2.6.1.1                Expansion of charging infrastructure to boost market                 157

11.2.6.2  India       159

11.2.6.2.1                Scaling of renewable energy with GIS-integrated smart grids to drive market            159

11.2.6.3  Japan      160

11.2.6.3.1                Critical enabler of smart community projects and energy storage solutions   160

11.2.6.4  South Korea           161

11.2.6.4.1                Transition to low-carbon economy to drive market                 161

11.2.6.5  Australia 163

11.2.6.5.1                Modernization of aging energy infrastructure to boost market    163

11.2.6.6  Rest of Asia Pacific               164

11.3         EUROPE               166

11.3.1      BY INSTALLATION          167

11.3.2      BY INSULATION TYPE   168

11.3.3      BY VOLTAGE RATING    169

11.3.4      BY CONFIGURATION     169

11.3.5      BY END USER     170

11.3.6      BY COUNTRY     171

11.3.6.1  Germany                 171

11.3.6.1.1                Energy transition efforts to drive market          171

11.3.6.2  UK          173

11.3.6.2.1                Urban development projects and government infrastructure initiatives to boost market          173

11.3.6.3  Italy         174

11.3.6.3.1                Market driven by growing industrial sector      174

11.3.6.4  Spain      176

11.3.6.4.1                Utilization of GIS for energy transition to generate demand  176

11.3.6.5  France    177

11.3.6.5.1                Energy transition and industrial modernization – key drivers    177

11.3.6.6  Rest of Europe      179

11.4         MIDDLE EAST & AFRICA                181

11.4.1      BY INSTALLATION          182

11.4.2      BY INSULATION TYPE   182

11.4.3      BY VOLTAGE RATING    183

11.4.4      BY CONFIGURATION     183

11.4.5      BY END USER     184

11.4.6      BY COUNTRY     185

11.4.6.1  GCC       185

11.4.6.1.1                Saudi Arabia          186

11.4.6.1.1.1            Increased adoption in public and private sectors to boost market    186

11.4.6.1.2                UAE        188

11.4.6.1.2.1            Rapid growth in commercial and institutional projects boost demand        188

11.4.6.1.3                Kuwait    189

11.4.6.1.3.1            Need for reliable, space-efficient power distribution systems to drive demand     189

11.4.6.1.4                Rest of GCC          191

11.4.6.2  South Africa           192

11.4.6.2.1                Rise in number of power generation projects to boost market    192

11.4.6.3  Rest of Middle East & Africa               194

11.5         NORTH AMERICA             196

11.5.1      BY INSTALLATION          196

11.5.2      BY INSULATION TYPE   197

11.5.3      BY VOLTAGE RATING    198

11.5.4      BY CONFIGURATION     198

11.5.5      BY END USER     199

11.5.6      BY COUNTRY     200

11.5.6.1  US           200

11.5.6.1.1                Modernization of power grid to boost market 200

11.5.6.2  Canada   202

11.5.6.2.1                Infrastructure upgrades across major cities to drive market    202

11.5.6.3  Mexico   203

11.5.6.3.1                Government initiatives to develop urban centers with GIS to boost growth             203

11.6         SOUTH AMERICA             204

11.6.1      BY INSTALLATION          205

11.6.2      BY INSULATION TYPE   206

11.6.3      BY VOLTAGE RATING    206

11.6.4      BY CONFIGURATION     207

11.6.5      BY END USER     208

11.6.6      BY COUNTRY     208

11.6.6.1  Brazil      209

11.6.6.1.1                Sustainability and carbon reduction goals to boost market    209

11.6.6.2  Argentina               210

11.6.6.2.1                Focus on expansion of electricity grid to drive market                 210

11.6.6.3  Rest of South America         212

12            COMPETITIVE LANDSCAPE         215

12.1         INTRODUCTION              215

12.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024                 215

12.3         MARKET SHARE ANALYSIS, 2023                 217

12.4         REVENUE ANALYSIS, 2019–2023  220

12.5         COMPANY VALUATION AND FINANCIAL METRICS                 221

12.6         PRODUCT TYPE-/GEOGRAPHIC PRESENCE-WISE COMPARISON   222

12.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023                 223

12.7.1      STARS   223

12.7.2      EMERGING LEADERS     223

12.7.3      PERVASIVE PLAYERS      223

12.7.4      PARTICIPANTS 223

12.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2023         225

12.7.5.1  Company footprint               225

12.7.5.2  Region footprint   226

12.7.5.3  Installation footprint            227

12.7.5.4  Insulation type footprint      228

12.7.5.5  Configuration type footprint               229

12.7.5.6  Voltage rating footprint       230

12.7.5.7  End user footprint                 231

12.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023        232

12.8.1      PROGRESSIVE COMPANIES         232

12.8.2      RESPONSIVE COMPANIES            232

12.8.3      DYNAMIC COMPANIES  232

12.8.4      STARTING BLOCKS         232

12.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023                 234

12.8.5.1  Detailed list of key startups/SMEs    234

12.8.5.2  Competitive benchmarking of key startups/SMEs          234

12.9         COMPETITIVE SCENARIO             235

12.9.1      PRODUCT LAUNCHES   235

12.9.2      DEALS  236

12.9.3      EXPANSIONS     239

12.9.4      OTHER DEVELOPMENTS              241

13            COMPANY PROFILES      243

13.1         KEY PLAYERS     243

13.1.1      ABB        243

13.1.1.1  Business overview 243

13.1.1.2  Products/Solutions/Services offered 244

13.1.1.3  Recent developments           246

13.1.1.3.1                Product launches  246

13.1.1.3.2                Deals      246

13.1.1.3.3                Expansions             248

13.1.1.3.4                Other developments             248

13.1.1.4  MnM view              249

13.1.1.4.1                Key strengths        249

13.1.1.4.2                Strategic choices   249

13.1.1.4.3                Weaknesses & competitive threats     249

13.1.2      SCHNEIDER ELECTRIC  250

13.1.2.1  Business overview 250

13.1.2.2  Products/Solutions/Services offered 251

13.1.2.3  Recent developments           253

13.1.2.3.1                Product launches  253

13.1.2.3.2                Expansions             253

13.1.2.4  MnM view              255

13.1.2.4.1                Key strengths        255

13.1.2.4.2                Strategic choices   255

13.1.2.4.3                Weaknesses & competitive threats     255

13.1.3      HITACHI, LTD.  256

13.1.3.1  Business overview 256

13.1.3.2  Products/Solutions/Services offered 257

13.1.3.3  Recent developments           258

13.1.3.3.1                Deals      258

13.1.3.4  MnM view              259

13.1.3.4.1                Key strengths        259

13.1.3.4.2                Strategic choices   260

13.1.3.4.3                Weaknesses & competitive threats     260

13.1.4      SIEMENS              261

13.1.4.1  Business overview 261

13.1.4.2  Products/Solutions/Services offered 262

13.1.4.3  Recent developments           264

13.1.4.3.1                Deals      264

13.1.4.3.2                Other developments             265

13.1.4.4  MnM view              265

13.1.4.4.1                Key strengths        265

13.1.4.4.2                Strategic choices   266

13.1.4.4.3                Weaknesses & competitive threats     266

13.1.5      EATON 267

13.1.5.1  Business overview 267

13.1.5.2  Products/Solutions/Services offered 268

13.1.5.3  Recent developments           269

13.1.5.3.1                Product launches  269

13.1.5.3.2                Deals      269

13.1.5.3.3                Expansions             270

13.1.5.4  MnM view              270

13.1.5.4.1                Key strengths        270

13.1.5.4.2                Strategic choices   270

13.1.5.4.3                Weaknesses & competitive threats     270

13.1.6      GENERAL ELECTRIC COMPANY 271

13.1.6.1  Business overview 271

13.1.6.2  Products/Solutions/Services offered 272

13.1.6.3  Recent developments           273

13.1.6.3.1                Product launches  273

13.1.6.3.2                Deals      273

13.1.6.3.3                Other developments             274

13.1.6.3.4                Expansions             275

13.1.7      MITSUBISHI ELECTRIC CORPORATION 276

13.1.7.1  Business overview 276

13.1.7.2  Products/Solutions/Services offered 277

13.1.7.3  Recent developments           279

13.1.7.3.1                Expansions             279

13.1.8      HD HYUNDAI ELECTRIC CO., LTD.           280

13.1.8.1  Business overview 280

13.1.8.2  Products/Solutions/Services offered 281

13.1.8.3  Recent developments           281

13.1.8.3.1                Deals      281

13.1.9      FUJI ELECTRIC CO., LTD.              282

13.1.9.1  Business overview 282

13.1.9.2  Products/Solutions/Services offered 284

13.1.9.3  Recent developments           285

13.1.9.3.1                Expansions             285

13.1.9.3.2                Other developments             285

13.1.10   CG POWER AND INDUSTRIAL SOLUTIONS LTD.                 286

13.1.10.1                 Business overview 286

13.1.10.2                 Products/Solutions/Services offered 287

13.1.10.3                 Recent developments           288

13.1.10.3.1             Deals      288

13.1.11   NISSIN ELECTRIC CO., LTD.         289

13.1.11.1                 Business overview 289

13.1.11.2                 Products/Solutions/Services offered 290

13.1.11.3                 Recent developments           292

13.1.11.3.1             Expansions             292

13.1.12   MEIDENSHA CORPORATION      293

13.1.12.1                 Business overview 293

13.1.12.2                 Products/Solutions/Services offered 294

13.1.13   POWELL INDUSTRIES    296

13.1.13.1                 Business overview 296

13.1.13.2                 Products/Solutions/Services offered 297

13.1.14   HYOSUNG HEAVY INDUSTRIES 298

13.1.14.1                 Business overview 298

13.1.14.2                 Products/Solutions/Services offered 299

13.1.14.3                 Recent developments           299

13.1.14.3.1             Product launches  299

13.1.15   TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION 300

13.1.15.1                 Business overview 300

13.1.15.2                 Products/Solutions/Services offered 301

13.1.15.3                 Recent developments           302

13.1.15.3.1             Other developments             302

13.1.15.3.2             Expansions             302

13.1.16   G&W ELECTRIC 303

13.1.16.1                 Products/Solutions/Services offered 303

13.1.16.2                 Recent developments           304

13.1.16.2.1             Deals      304

13.1.17   HENAN PINGGAO ELECTRIC CO., LTD.  305

13.1.17.1                 Products/Solutions/Services offered 305

13.1.18   XIAN XD SWITCHGEAR ELECTRIC CO., LTD         307

13.1.18.1                 Products/Solutions/Services offered 307

13.1.19   SWITCHGEAR COMPANY              308

13.1.19.1                 Products/Solutions/Services offered 308

13.1.20   SIEYUAN ELECTRIC CO., LTD.    310

13.1.20.1                 Products/Solutions/Services offered 310

13.2         OTHER PLAYERS              312

13.2.1      ELECKTROBUDOWA SP. Z O.O. 312

13.2.2      CHINT GROUP  312

13.2.3      SEL S.P.A.             313

13.2.4      ILJIN ELECTRIC 313

13.2.5      ZHEJIANG VOLCANO ELECTRICAL TECHNOLOGY CO., LTD        314

14            APPENDIX           315

14.1         INSIGHTS FROM INDUSTRY EXPERTS     315

14.2         DISCUSSION GUIDE        315

14.3         KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL                320

14.4         CUSTOMIZATION OPTIONS        322

14.5         RELATED REPORTS         322

14.6         AUTHOR DETAILS           323

LIST OF TABLES

TABLE 1                LIST OF KEY SECONDARY SOURCES        35

TABLE 2                GAS-INSULATED SWITCHGEAR MARKET SIZE ESTIMATION METHODOLOGY  (DEMAND SIDE)             39

TABLE 3                GAS-INSULATED SWITCHGEAR MARKET: RISK ANALYSIS            45

TABLE 4                GAS-INSULATED SWITCHGEAR MARKET: SNAPSHOT          46

TABLE 5                GLOBAL WARMING POTENTIAL OF GREENHOUSE GASES (100-YEAR HORIZON)         60

TABLE 6                GAS-INSULATED SWITCHGEAR MARKET: PORTER’S FIVE FORCES ANALYSIS           64

TABLE 7                GAS-INSULATED SWITCHGEAR MARKET: KEY CONFERENCES AND EVENTS     70

TABLE 8                ROLE OF PARTICIPANTS IN ECOSYSTEM                 72

TABLE 9                GAS-INSULATED SWITCHGEAR MARKET: KEY PATENTS, MAY 2019–JULY 2023  74

TABLE 10              IMPORT SCENARIO FOR PRODUCTS UNDER HS CODE 853590,

BY COUNTRY,  2021–2023 (USD)               82

TABLE 11              EXPORT SCENARIO FOR PRODUCTS UNDER HS CODE 853590,

BY COUNTRY,  2021–2023 (USD)               83

TABLE 12              IMPORT SCENARIO FOR PRODUCTS UNDER HS CODE 853690,

BY COUNTRY,  2021–2023 (USD)               85

TABLE 13              EXPORT SCENARIO FOR PRODUCTS UNDER HS CODE 853690,

BY COUNTRY,  2021–2023 (USD)               86

TABLE 14              AVERAGE SELLING PRICE OF GAS-INSULATED SWITCHGEAR OFFERED,

BY REGION,  2023–2029 88

TABLE 15              INDICATIVE PRICING ANALYSIS OF GAS-INSULATED SWITCHGEAR,

BY VOLTAGE  RATING, 2023       88

TABLE 16              IMPORT VALUES FOR LOW-VOLTAGE PROTECTION EQUIPMENT UNDER

HS CODE 853690, 2022     89

TABLE 17              IMPORT VALUES FOR HIGH-VOLTAGE PROTECTION EQUIPMENT UNDER

HS CODE 853590, 2022     90

TABLE 18              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  91

TABLE 19              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  92

TABLE 20              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  93

TABLE 21              ROW: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  94

TABLE 22              GAS-INSULATED SWITCHGEAR MARKET: CODES AND REGULATIONS        94

TABLE 23              INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS

FOR TOP THREE END USERS      98

TABLE 24              KEY BUYING CRITERIA FOR TOP THREE END USERS   99

TABLE 25              GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION,

2021–2023 (USD MILLION)            104

TABLE 26              GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION,

2024–2029 (USD MILLION)            104

TABLE 27              HYBRID GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2021–2023 (USD MILLION)            105

TABLE 28              HYBRID GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2024–2029 (USD MILLION)            106

TABLE 29              ISOLATED-PHASE GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2021–2023 (USD MILLION)            107

TABLE 30              ISOLATED-PHASE GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2024–2029 (USD MILLION)            107

TABLE 31              INTEGRATED THREE-PHASE GAS-INSULATED SWITCHGEAR MARKET,

BY REGION,  2021–2023 (USD MILLION)                 108

TABLE 32              INTEGRATED THREE-PHASE GAS-INSULATED SWITCHGEAR MARKET,

BY REGION,   2024–2029 (USD MILLION)              108

TABLE 33              COMPACT GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2021–2023 (USD MILLION)            109

TABLE 34              COMPACT GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2024–2029 (USD MILLION)            110

TABLE 35              GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023 (USD MILLION)            112

TABLE 36              GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            113

TABLE 37              INDUSTRIAL: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2021–2023 (USD MILLION)            113

TABLE 38              INDUSTRIAL: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2024–2029 (USD MILLION)            114

TABLE 39              INDUSTRIAL: GAS-INSULATED SWITCHGEAR MARKET, BY TYPE,

2021–2023 (USD MILLION)            114

TABLE 40              INDUSTRIAL: GAS-INSULATED SWITCHGEAR MARKET, BY TYPE,

2024–2029 (USD MILLION)            114

TABLE 41              COMMERCIAL & INSTITUTIONAL: GAS-INSULATED SWITCHGEAR MARKET,

BY REGION, 2021–2023 (USD MILLION)   117

TABLE 42              COMMERCIAL & INSTITUTIONAL: GAS-INSULATED SWITCHGEAR MARKET,

BY REGION, 2024–2029 (USD MILLION)   118

TABLE 43              COMMERCIAL & INSTITUTIONAL: GAS-INSULATED SWITCHGEAR MARKET,

BY TYPE,  2021–2023 (USD MILLION)      118

TABLE 44              COMMERCIAL & INSTITUTIONAL: GAS-INSULATED SWITCHGEAR MARKET,

BY TYPE,  2024–2029 (USD MILLION)      118

TABLE 45              ELECTRICAL UTILITIES: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,  2021–2023 (USD MILLION)                 121

TABLE 46              ELECTRICAL UTILITIES: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,  2024–2029 (USD MILLION)                 121

TABLE 47              ELECTRICAL UTILITIES: GAS-INSULATED SWITCHGEAR MARKET, BY TYPE,

2021–2023 (USD MILLION)            121

TABLE 48              ELECTRICAL UTILITIES: GAS-INSULATED SWITCHGEAR MARKET, BY TYPE,

2024–2029 (USD MILLION)            122

TABLE 49              DATA CENTERS: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2021–2023 (USD MILLION)            123

TABLE 50              DATA CENTERS: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2024–2029 (USD MILLION)            124

TABLE 51              DATA CENTERS: GAS-INSULATED SWITCHGEAR MARKET, BY TYPE,

2021–2023 (USD MILLION)          124

TABLE 52              DATA CENTERS: GAS-INSULATED SWITCHGEAR MARKET, BY TYPE,

2024–2029 (USD MILLION)            124

TABLE 53              AFTERMARKET: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2021–2023 (USD MILLION)            126

TABLE 54              AFTERMARKET: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2024–2029 (USD MILLION)            126

TABLE 55              GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION,

2021–2023 (USD MILLION)            128

TABLE 56              GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION,

2024–2029 (USD MILLION)            129

TABLE 57              INDOOR: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2021–2023 (USD MILLION)            130

TABLE 58              INDOOR: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2024–2029 (USD MILLION)            130

TABLE 59              OUTDOOR: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2021–2023 (USD MILLION)            131

TABLE 60              OUTDOOR: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2024–2029 (USD MILLION)            131

TABLE 61              GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE,

2021–2023 (USD MILLION)            133

TABLE 62              GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE,

2024–2029 (USD MILLION)            133

TABLE 63              SF6: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2021–2023 (USD MILLION)            134

TABLE 64              SF6: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2024–2029 (USD MILLION)            134

TABLE 65              SF6-FREE: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2021–2023 (USD MILLION)            135

TABLE 66              SF6-FREE: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2024–2029 (USD MILLION)            136

TABLE 67              GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING,

2021–2023 (USD MILLION)            138

TABLE 68              GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING,

2024–2029 (USD MILLION)            139

TABLE 69              UP TO 5 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2021–2023 (USD MILLION)            140

TABLE 70              UP TO 5 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2024–2029 (USD MILLION)            140

TABLE 71              6 TO 15 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2021–2023 (USD MILLION)            141

TABLE 72              6 TO 15 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2024–2029 (USD MILLION)            142

TABLE 73              16 TO 27 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2021–2023 (USD MILLION)            143

TABLE 74              16 TO 27 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2024–2029 (USD MILLION)            143

TABLE 75              28 TO 40.5 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2021–2023 (USD MILLION)          144

TABLE 76              28 TO 40.5 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2024–2029 (USD MILLION)            144

TABLE 77              40.6 TO 73 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2021–2023 (USD MILLION)            145

TABLE 78              40.6 TO 73 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2024–2029 (USD MILLION)            146

TABLE 79              74 TO 220 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2021–2023 (USD MILLION)            147

TABLE 80              74 TO 220 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2024–2029 (USD MILLION)            147

TABLE 81              ABOVE 220 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2021–2023 (USD MILLION)            148

TABLE 82              ABOVE 220 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION,

2024–2029 (USD MILLION)            148

TABLE 83              GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2021–2023 (USD MILLION)          151

TABLE 84              GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2024–2029 (USD MILLION)          151

TABLE 85              GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2021–2023 (UNITS)         151

TABLE 86              GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2024–2029 (UNITS)         152

TABLE 87              ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION,

2021–2023 (USD MILLION)            153

TABLE 88              ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION,

2024–2029 (USD MILLION)            154

TABLE 89              ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE,  2021–2023 (USD MILLION)                 154

TABLE 90              ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE,  2024–2029 (USD MILLION)                 154

TABLE 91              ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING,  2021–2023 (USD MILLION)                 155

TABLE 92              ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING,  2024–2029 (USD MILLION)                 155

TABLE 93              ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION,  2021–2023 (USD MILLION)                 155

TABLE 94              ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION,  2024–2029 (USD MILLION)                 156

TABLE 95              ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023 (USD MILLION)            156

TABLE 96              ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            156

TABLE 97              ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            157

TABLE 98              ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            157

TABLE 99              CHINA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023 (USD MILLION)            158

TABLE 100            CHINA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            158

TABLE 101            INDIA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023 (USD MILLION)            159

TABLE 102            INDIA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            160

TABLE 103          JAPAN: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023 (USD MILLION)            161

TABLE 104          JAPAN: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            161

TABLE 105            SOUTH KOREA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023 (USD MILLION)            162

TABLE 106            SOUTH KOREA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            163

TABLE 107            AUSTRALIA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023 (USD MILLION)          164

TABLE 108            AUSTRALIA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            164

TABLE 109            REST OF ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET,

BY END USER,  2021–2023 (USD MILLION)            165

TABLE 110            REST OF ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET,

BY END USER,  2024–2029 (USD MILLION)            165

TABLE 111            EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION,

2021–2023 (USD MILLION)            167

TABLE 112            EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION,

2024–2029 (USD MILLION)            168

TABLE 113            EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE,

2021–2023 (USD MILLION)            168

TABLE 114            EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE,

2024–2029 (USD MILLION)            168

TABLE 115            EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING,

2021–2023 (USD MILLION)            169

TABLE 116            EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING,

2024–2029 (USD MILLION)            169

TABLE 117            EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION,

2021–2023 (USD MILLION)            169

TABLE 118            EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION,

2024–2029 (USD MILLION)            170

TABLE 119            EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023 (USD MILLION)            170

TABLE 120            EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            170

TABLE 121            EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY COUNTRY,

2021–2023(USD MILLION)              171

TABLE 122            EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            171

TABLE 123            GERMANY: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023 (USD MILLION)            172

TABLE 124            GERMANY: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            173

TABLE 125            UK: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023 (USD MILLION)            174

TABLE 126            UK: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            174

TABLE 127            ITALY: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023(USD MILLION)              175

TABLE 128            ITALY: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            176

TABLE 129            SPAIN: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023 (USD MILLION)            177

TABLE 130            SPAIN: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            177

TABLE 131            FRANCE: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023 (USD MILLION)            178

TABLE 132            FRANCE: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            179

TABLE 133            REST OF EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023(USD MILLION)              180

TABLE 134            REST OF EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            180

TABLE 135            MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2021–2023 (USD MILLION)            182

TABLE 136            MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET,

BY INSTALLATION, 2024–2029 (USD MILLION)    182

TABLE 137            MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET,

BY INSULATION TYPE,  2021–2023 (USD MILLION)           182

TABLE 138            MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET,

BY INSULATION TYPE,  2024–2029 (USD MILLION)           182

TABLE 139            MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET,

BY VOLTAGE RATING,  2021–2023 (USD MILLION)           183

TABLE 140            MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET,

BY VOLTAGE RATING,  2024–2029 (USD MILLION)           183

TABLE 141            MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET,

BY CONFIGURATION,  2021–2023 (USD MILLION)             183

TABLE 142            MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET,

BY CONFIGURATION,  2024–2029 (USD MILLION)             184

TABLE 143            MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET,

BY END USER,  2021–2023(USD MILLION)             184

TABLE 144            MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET,

BY END USER,  2024–2029 (USD MILLION)            184

TABLE 145            MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET,

BY COUNTRY,  2021–2023 (USD MILLION)            185

TABLE 146            MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET,

BY COUNTRY,  2024–2029 (USD MILLION)            185

TABLE 147            GCC: GAS-INSULATED SWITCHGEAR MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            186

TABLE 148            GCC: GAS-INSULATED SWITCHGEAR MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            186

TABLE 149            SAUDI ARABIA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023 (USD MILLION)            187

TABLE 150            SAUDI ARABIA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            188

TABLE 151            UAE: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023 (USD MILLION)            189

TABLE 152            UAE: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            189

TABLE 153            KUWAIT: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023(USD MILLION)              190

TABLE 154            KUWAIT: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            191

TABLE 155            REST OF GCC: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023 (USD MILLION)            192

TABLE 156            REST OF GCC: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            192

TABLE 157            SOUTH AFRICA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023 (USD MILLION)            193

TABLE 158            SOUTH AFRICA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            194

TABLE 159            REST OF MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET,

BY END USER, 2021–2023 (USD MILLION)               195

TABLE 160            REST OF MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET,

BY END USER, 2024–2029 (USD MILLION)               195

TABLE 161            NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION,  2021–2023 (USD MILLION)            196

TABLE 162            NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION,  2024–2029 (USD MILLION)            197

TABLE 163            NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE,  2021–2023 (USD MILLION)            197

TABLE 164            NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE,  2024–2029 (USD MILLION)            197

TABLE 165            NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING,  2021–2023 (USD MILLION)            198

TABLE 166            NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING,  2024–2029 (USD MILLION)            198

TABLE 167            NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION,  2021–2023 (USD MILLION)            198

TABLE 168            NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION,  2024–2029 (USD MILLION)            199

TABLE 169            NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023 (USD MILLION)            199

TABLE 170            NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            199

TABLE 171            NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            200

TABLE 172            NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            200

TABLE 173            US: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023 (USD MILLION)          201

TABLE 174            US: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            201

TABLE 175            CANADA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023 (USD MILLION)            202

TABLE 176            CANADA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            203

TABLE 177            MEXICO: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023 (USD MILLION)            204

TABLE 178            MEXICO: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            204

TABLE 179            SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION,  2021–2023 (USD MILLION)            205

TABLE 180            SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION,  2024–2029 (USD MILLION)            205

TABLE 181            SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE,  2021–2023 (USD MILLION)            206

TABLE 182            SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE,  2024–2029 (USD MILLION)            206

TABLE 183            SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING,  2021–2023 (USD MILLION)            206

TABLE 184            SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING,  2024–2029 (USD MILLION)            207

TABLE 185            SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION,  2021–2023 (USD MILLION)            207

TABLE 186            SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION,  2024–2029 (USD MILLION)            207

TABLE 187            SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023 (USD MILLION)            208

TABLE 188            SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            208

TABLE 189            SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            208

TABLE 190            SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            209

TABLE 191            BRAZIL: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023 (USD MILLION)            210

TABLE 192            BRAZIL: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            210

TABLE 193            ARGENTINA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2021–2023 (USD MILLION)            212

TABLE 194            ARGENTINA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER,

2024–2029 (USD MILLION)            212

TABLE 195            REST OF SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET,

BY END USER,  2021–2023 (USD MILLION)            213

TABLE 196            REST OF SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET,

BY END USER,  2024–2029 (USD MILLION)            214

TABLE 197            GAS-INSULATED SWITCHGEAR MARKET: OVERVIEW OF STRATEGIES

ADOPTED BY KEY PLAYERS, 2020–2024   215

TABLE 198            GAS-INSULATED SWITCHGEAR MARKET: DEGREE OF COMPETITION, 2023               217

TABLE 199            GAS-INSULATED SWITCHGEAR MARKET: REGION FOOTPRINT     226

TABLE 200            GAS INSULATED SWITCHGEAR MARKET: INSTALLATION FOOTPRINT       227

TABLE 201            GAS-INSULATED SWITCHGEAR MARKET: INSULATION TYPE FOOTPRINT                228

TABLE 202            GAS-INSULATED SWITCHGEAR MARKET: CONFIGURATION TYPE FOOTPRINT      229

TABLE 203            GAS-INSULATED SWITCHGEAR MARKET: VOLTAGE RATING FOOTPRINT 230

TABLE 204            GAS-INSULATED SWITCHGEAR MARKET: END USER FOOTPRINT            231

TABLE 205            GAS-INSULATED SWITCHGEAR MARKET: KEY STARTUPS/SMES              234

TABLE 206            GAS-INSULATED SWITCHGEAR MARKET: COMPETITIVE BENCHMARKING

OF KEY STARTUPS/SMES              234

TABLE 207            GAS-INSULATED SWITCHGEAR MARKET: PRODUCT LAUNCHES,

OCTOBER 2020–OCTOBER 2024  235

TABLE 208          GAS-INSULATED SWITCHGEAR MARKET: DEALS, OCTOBER 2020–OCTOBER 2024  236

TABLE 209            GAS-INSULATED SWITCHGEAR MARKET: EXPANSIONS,

OCTOBER 2020–OCTOBER 2024  239

TABLE 210            GAS-INSULATED SWITCHGEAR MARKET: OTHER DEVELOPMENTS, OCTOBER 2020–OCTOBER 2024                 241

TABLE 211            ABB: COMPANY OVERVIEW         243

TABLE 212            ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED             244

TABLE 213            ABB: PRODUCT LAUNCHES         246

TABLE 214            ABB: DEALS        246

TABLE 215            ABB: EXPANSIONS           248

TABLE 216            ABB: OTHER DEVELOPMENTS   248

TABLE 217            SCHNEIDER ELECTRIC: COMPANY OVERVIEW                 250

TABLE 218            SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    251

TABLE 219            SCHNEIDER ELECTRIC: PRODUCT LAUNCHES                 253

TABLE 220            SCHNEIDER ELECTRIC: EXPANSIONS     253

TABLE 221            HITACHI, LTD.: COMPANY OVERVIEW   256

TABLE 222            HITACHI, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    257

TABLE 223            HITACHI, LTD.: DEALS  258

TABLE 224            SIEMENS: COMPANY OVERVIEW               261

TABLE 225            SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             262

TABLE 226            SIEMENS: DEALS               264

TABLE 227            SIEMENS: OTHER DEVELOPMENTS         265

TABLE 228            EATON: COMPANY OVERVIEW  267

TABLE 229            EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED             268

TABLE 230            EATON: PRODUCT LAUNCHES  269

TABLE 231            EATON: DEALS 269

TABLE 232            EATON: EXPANSIONS    270

TABLE 233            GENERAL ELECTRIC COMPANY: COMPANY OVERVIEW          271

TABLE 234            GENERAL ELECTRIC COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED    272

TABLE 235            GENERAL ELECTRIC COMPANY: PRODUCT LAUNCHES          273

TABLE 236            GENERAL ELECTRIC COMPANY: DEALS 273

TABLE 237            GENERAL ELECTRIC COMPANY: OTHER DEVELOPMENTS              274

TABLE 238            GENERAL ELECTRIC COMPANY: EXPANSIONS                 275

TABLE 239            MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW   276

TABLE 240            MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        277

TABLE 241            MITSUBISHI ELECTRIC CORPORATION: EXPANSIONS     279

TABLE 242            HD HYUNDAI ELECTRIC CO., LTD.: COMPANY OVERVIEW          280

TABLE 243            HD HYUNDAI ELECTRIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    281

TABLE 244            HD HYUNDAI ELECTRIC CO., LTD: DEALS                 281

TABLE 245            FUJI ELECTRIC CO., LTD: COMPANY OVERVIEW                 282

TABLE 246            FUJI ELECTRIC CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED    284

TABLE 247            FUJI ELECTRIC CO., LTD: EXPANSIONS 285

TABLE 248            FUJI ELECTRIC CO., LTD: OTHER DEVELOPMENTS              285

TABLE 249            CG POWER AND INDUSTRIAL SOLUTIONS LTD.: COMPANY OVERVIEW   286

TABLE 250            CG POWER AND INDUSTRIAL SOLUTIONS LTD.:  PRODUCTS/SOLUTIONS/

SERVICES OFFERED        287

TABLE 251            CG POWER AND INDUSTRIAL SOLUTIONS LTD: DEALS  288

TABLE 252            NISSIN ELECTRIC CO., LTD.: COMPANY OVERVIEW          289

TABLE 253            NISSIN ELECTRIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    290

TABLE 254            NISSIN ELECTRIC CO., LTD: EXPANSIONS                 292

TABLE 255            MEIDENSHA CORPORATION: COMPANY OVERVIEW          293

TABLE 256            MEIDENSHA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    294

TABLE 257            POWELL INDUSTRIES: COMPANY OVERVIEW                 296

TABLE 258            POWELL INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED    297

TABLE 259            HYOSUNG HEAVY INDUSTRIES: COMPANY OVERVIEW          298

TABLE 260            HYOSUNG HEAVY INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED    299

TABLE 261            HYOSUNG HEAVY INDUSTRIES: PRODUCT LAUNCHES          299

TABLE 262            TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY OVERVIEW 300

TABLE 263            TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED                 301

TABLE 264            TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: OTHER DEVELOPMENTS            302

TABLE 265            TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: EXPANSIONS   302

TABLE 266            G&W ELECTRIC: COMPANY OVERVIEW 303

TABLE 267            G&W ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    303

TABLE 268            G&W ELECTRIC: DEALS 304

TABLE 269            HENAN PINGGAO ELECTRIC CO., LTD: COMPANY OVERVIEW   305

TABLE 270            HENAN PINGGAO ELECTRIC CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED    305

TABLE 271            XIAN XD SWITCHGEAR ELECTRIC CO., LTD: COMPANY OVERVIEW   307

TABLE 272            XIAN XD SWITCHGEAR ELECTRIC CO., LTD: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        307

TABLE 273            SWITCHGEAR COMPANY: COMPANY OVERVIEW                 308

TABLE 274            SWITCHGEAR COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED    308

TABLE 275            SIEYUAN ELECTRIC CO., LTD: COMPANY OVERVIEW          310

TABLE 276            SIEYUAN ELECTRIC CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED    310

LIST OF FIGURES

FIGURE 1              GAS-INSULATED SWITCHGEAR MARKET: SEGMENTATION              29

FIGURE 2              GAS-INSULATED SWITCHGEAR MARKET: RESEARCH DESIGN         34

FIGURE 3              KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR GAS-INSULATED SWITCHGEAR   38

FIGURE 4              GAS-INSULATED SWITCHGEAR MARKET: BOTTOM-UP APPROACH              39

FIGURE 5              GAS-INSULATED SWITCHGEAR MARKET: TOP-DOWN APPROACH          41

FIGURE 6              KEY STEPS CONSIDERED TO ASSESS SUPPLY OF GAS-INSULATED SWITCHGEAR 42

FIGURE 7              GAS-INSULATED SWITCHGEAR MARKET SIZE ESTIMATION

METHODOLOGY (SUPPLY SIDE)               42

FIGURE 8              GAS-INSULATED SWITCHGEAR MARKET: DATA TRIANGULATION             44

FIGURE 9              ASIA PACIFIC DOMINATED GAS-INSULATED SWITCHGEAR MARKET IN 2023  47

FIGURE 10            OUTDOOR SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE  BY 2029            48

FIGURE 11            SF6-FREE SEGMENT TO BE DOMINANT INSULATION TYPE BY 2029          48

FIGURE 12            ABOVE 220 KV SEGMENT TO LEAD MARKET BY VOLTAGE RATING           49

FIGURE 13            HYBRID GAS-INSULATED SWITCHGEAR TO BE KEY CONFIGURATION

SEGMENT BY 2029            49

FIGURE 14            ELECTRICAL UTILITIES SEGMENT TO LEAD GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2029                 50

FIGURE 15            ENHANCED ELECTRICAL SAFETY AND EFFICIENCY TO DRIVE GAS-INSULATED SWITCHGEAR MARKET                 51

FIGURE 16            GAS-INSULATED SWITCHGEAR MARKET IN ASIA PACIFIC TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD                51

FIGURE 17            OUTDOOR SEGMENT AND CHINA DOMINATED GAS-INSULATED SWITCHGEAR MARKET IN ASIA PACIFIC IN 2023        52

FIGURE 18            OUTDOOR SEGMENT TO HOLD LARGER SHARE OF GAS-INSULATED SWITCHGEAR MARKET BY 2029        52

FIGURE 19            SF6 SEGMENT TO COMMAND MAJOR SHARE BY 2029        53

FIGURE 20            ABOVE 220 KV SEGMENT TO DOMINATE MARKET BY 2029               53

FIGURE 21            HYBRID SEGMENT TO LEAD MARKET BY 2029                 54

FIGURE 22            ELECTRIC UTILITIES TO HOLD MAJOR SHARE BY 2029 54

FIGURE 23            GAS-INSULATED SWITCHGEAR MARKET: DRIVERS, RESTRAINTS,

OPPORTUNITIES, AND CHALLENGES     55

FIGURE 24            RENEWABLE ELECTRICITY CAPACITY GROWTH BY COUNTRY/REGION,  2005–2028           57

FIGURE 25            INVESTMENT SPENDING ON ELECTRICITY GRIDS, 2015–2022               62

FIGURE 26            GAS-INSULATED SWITCHGEAR MARKET: PORTER’S FIVE FORCES ANALYSIS           64

FIGURE 27            GAS-INSULATED SWITCHGEAR MARKET: VALUE CHAIN ANALYSIS               67

FIGURE 28            ECOSYSTEM ANALYSIS  71

FIGURE 29            MAJOR PATENTS RELATED TO GAS-INSULATED SWITCHGEAR    74

FIGURE 30            IMPORT SCENARIO FOR PRODUCTS UNDER HS CODE 853590,

BY COUNTRY,  2021–2023 (USD)               83

FIGURE 31            EXPORT SCENARIO FOR PRODUCTS UNDER HS CODE 853590,

BY COUNTRY, 2021–2023 (USD)  84

FIGURE 32            IMPORT SCENARIO FOR PRODUCTS UNDER HS CODE 853690,

BY COUNTRY,  2021–2023 (USD)               86

FIGURE 33            EXPORT SCENARIO FOR PRODUCTS UNDER HS CODE 853690,

BY COUNTRY,  2021–2023 (USD)               87

FIGURE 34            AVERAGE SELLING PRICE TREND, BY REGION, 2023–2029              88

FIGURE 35            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   97

FIGURE 36            INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS

FOR TOP  THREE END USERS   98

FIGURE 37            BUYING CRITERIA FOR TOP THREE END USERS                 99

FIGURE 38            IMPACT OF GENERATIVE AI/AI IN END USER                 101

FIGURE 39            GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION, 2023 104

FIGURE 40            GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2023 112

FIGURE 41            GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2023      128

FIGURE 42            GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE, 2023                133

FIGURE 43            GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2023                138

FIGURE 44            GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2023     150

FIGURE 45            GAS-INSULATED SWITCHGEAR MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR FROM 2024 TO 2029                 150

FIGURE 46            ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET SNAPSHOT       153

FIGURE 47            EUROPE: GAS-INSULATED SWITCHGEAR MARKET SNAPSHOT       167

FIGURE 48            GAS-INSULATED SWITCHGEAR MARKET SHARE ANALYSIS OF PLAYERS, 2023        218

FIGURE 49            GAS-INSULATED SWITCHGEAR MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2019–2023    220

FIGURE 50            COMPANY VALUATION 221

FIGURE 51            FINANCIAL METRICS      221

FIGURE 52            PRODUCT TYPE-/GEOGRAPHIC PRESENCE-WISE COMPARISON        222

FIGURE 53            GAS-INSULATED SWITCHGEAR MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2023       224

FIGURE 54            GAS-INSULATED SWITCHGEAR MARKET: COMPANY FOOTPRINT 225

FIGURE 55            GAS-INSULATED SWITCHGEAR MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023                 233

FIGURE 56            ABB: COMPANY SNAPSHOT        244

FIGURE 57            SCHNEIDER ELECTRIC: COMPANY SNAPSHOT                 251

FIGURE 58            HITACHI, LTD.: COMPANY SNAPSHOT  257

FIGURE 59            SIEMENS: COMPANY SNAPSHOT               262

FIGURE 60            EATON: COMPANY SNAPSHOT  268

FIGURE 61            GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT          272

FIGURE 62            MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT   277

FIGURE 63            HD HYUNDAI ELECTRIC CO., LTD.: COMPANY SNAPSHOT          280

FIGURE 64            FUJI ELECTRIC CO., LTD: COMPANY SNAPSHOT                 283

FIGURE 65            CG POWER AND INDUSTRIAL SOLUTIONS LTD.: COMPANY SNAPSHOT   287

FIGURE 66            NISSIN ELECTRIC CO., LTD.: COMPANY SNAPSHOT          290

FIGURE 67            MEIDENSHA CORPORATION: COMPANY SNAPSHOT          294

FIGURE 68            POWELL INDUSTRIES: COMPANY SNAPSHOT                 296

FIGURE 69            HYOSUNG HEAVY INDUSTRIES: COMPANY SNAPSHOT          298

FIGURE 70            TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY SNAPSHOT 301