出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年11月
Gas-Insulated Switchgear Market – Global Forecast to 2028
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、地域別 – 2028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 2028
| ページ数 | 283 |
| 図表数 | 234 |
| 価格 | |
| シングルユーザライセンス | USD 7,150 |
| マルチユーザライセンス（5名） | USD 8,500 |
| コーポレートライセンス | USD 9,650 |
| エンタープライズライセンス | USD 11,000 |
| 種別 | 英文調査報告書 |
ガス絶縁開閉装置の世界市場規模は2023年は238億ドルが見込まれ、2023年から2028年までには年平均成長率（CAGR）5.8％で成長し、2028年までに316億ドルに達すると予測されています。
MarketsandMarkets（マーケッツアンドマーケッツ）「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、地域別 – 2028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 2028」は世界のガス絶縁開閉装置市場を詳細に調査し、主要セグメント毎に分析・予測を行っています。
Report Overview
The global market for gas insulated switchgear is on a trajectory to reach USD 31.6 billion by 2028, a notable increase from the estimated USD 23.8 billion in 2023, with a steady CAGR of 5.8% spanning the period from 2023 to 2028.
This growth in the gas insulated switchgear market is closely aligned with the incremental rise in global energy demand, driven by the escalating consumption of energy in recent years, marking the primary catalyst for the surge in electricity demand. Among the key drivers, the industrial sector has emerged as the principal force behind the heightened demand, though the commercial, service, and residential sectors have also made substantial contributions. The robust demand for energy resources gives rise to fluctuations in energy supply and demand, resulting in price volatility within the energy market. This price variability is primarily attributed to a combination of factors, including favorable economic conditions, the availability of energy resources, and the growing consumption of electrical power. Furthermore, the emphasis on energy management has taken center stage, particularly with the advent of the Internet of Things (IoT) for applications such as home automation and building automation. Consequently, these factors underscore the imperative need for gas-insulated switchgear to facilitate the monitoring and optimization of energy consumption.
Sulfur hexafluoride (SF6) gas is introduced into gas-tight metallic enclosures, where it serves as both the insulating and arc-quenching medium for all components carrying electrical current within Gas-Insulated Switchgear (GIS) substations. It’s worth noting that SF6 is non-flammable and doesn’t deteriorate, as it is a dry, inert gas. However, SF6 falls into the category of fluorinated gases, which are recognized as “greenhouse gases” (GHGs) and have the highest potential for contributing to global warming among all GHGs. The decrease in SF6 emissions will impact the Environmental Protection Agency’s (EPA) examination of SF6 in the United States. This could lead to even more stringent restrictions on SF6 usage. Most regulations that may apply to SF6 use are related to the family of chemically similar fluorinated gases known as F-gases. As F-gas regulations become stricter, they will have a greater impact on SF6 usage, ultimately influencing the gas-insulated switchgear market.
“16 to 27 kV segment, by voltage rating, to be fastest growing market from 2023 to 2028.”
In the realm of electrical infrastructure, medium-voltage gas-insulated switchgear (GIS) designed for 16 to 27 kV applications has gained prominence in both distribution and industrial settings due to its compact design, reliable performance, and reduced maintenance requirements. However, growing concerns over the environmental impact of sulfur hexafluoride (SF6), the commonly used insulating gas, have led to extensive research into more sustainable and eco-friendly insulating alternatives, reflecting a broader industry shift towards environmentally conscious GIS technology. Furthermore, the year 2022 witnessed a remarkable 4.6% increase in global energy consumption, as reported by the International Energy Agency (IEA). This surge in energy demand has prompted substantial investments in transmission infrastructure, with emerging economic powerhouses like India, China, the UAE, and Argentina driving these initiatives. As a result, the gas-insulated switchgear market in this specific sector is poised for robust growth and consolidation.
“SF6 segment, by insulation type, to be the largest market from 2023 to 2028.”
Gas-insulated switchgear (GIS) relies on sulfur hexafluoride (SF6), a dielectric gas at moderate pressure, for insulation between phases and to the ground. High-voltage components, including conductors, circuit breakers, switches, voltage transformers, and current transformers, are enclosed within a metal casing filled with SF6. SF6-filled GIS systems offer a substantial advantage in space-constrained environments compared to air-insulated alternatives, achieving the same insulating properties in a much smaller space. SF6 is a non-toxic, inert, colorless, tasteless, odorless, and non-flammable gas with superior insulating and arc-interrupting 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.”
Asia Pacific is poised to take the lead in the global gas insulated switchgear market and is expected to exhibit the highest Compound Annual Growth Rate (CAGR) between 2023 and 2028. This dominance in the region is attributed to the robust economic progress and rapid development of major Asian economies. Gas insulated switchgear finds primary use among end-users such as industrial, commercial & institutional, electrical utilities, data centers and aftermarkets in the Asia Pacific region. The area’s manufacturing sector is anticipated to experience sustained market expansion, driven by lower capital and labor costs. With the increasing populations in countries like China and India, there is a growing demand for electricity generation. 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. Consequently, the demand for gas insulated switchgear for electrical regulation and fault protection is expected to witness significant growth, elevating the gas insulated switchgear market in Asia Pacific.
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–10%, Middle East & Africa–60%, 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 2021: Tier 1: >USD 1 billion, Tier 2: USD 500 million–1 billion, and Tier 3: <USD 500 million.
The gas insulated switchgear market is predominantly governed by well-established global leaders. Notable players in the industrial control transformer market include 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 several others.
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 also offers a thorough qualitative and quantitative analysis of the gas insulated switchgear market, encompassing a comprehensive examination of the key market drivers, limitations, opportunities, and challenges. Additionally, it covers critical facets of the market, such as an assessment of the competitive landscape, an analysis of market dynamics, value-based market estimates, and future trends in the gas insulated switchgear market.
Key Benefits of Buying the Report
The report is thoughtfully designed to benefit both established industry leaders and newcomers in the gas insulated switchgear market. It provides reliable revenue forecasts for the entire market as well as its individual sub-segments. This data is a valuable resource for stakeholders, enabling them to gain a comprehensive understanding of the competitive landscape and formulate effective market strategies for their businesses. Furthermore, the report serves as a channel for stakeholders to grasp the current state of the market, providing essential insights into market drivers, limitations, challenges, and growth opportunities. By incorporating these insights, stakeholders can make well-informed decisions and stay informed about the constantly evolving dynamics of the gas insulated switchgear industry.
• Analysis of key drivers (Growing Demand for Reliable and Efficient Power Supply, Leveraging GIS to Support the Global Transition to Renewable Energy, Embracing GIS Technology for Enhanced Electrical Safety and Efficiency, ), restraints (Development and Deployment of SF6-Free GIS), opportunities (Investment in Modernizing the Power Grid to Reduce Blackouts and Improve Reliability, Smart and Emerging Switchgear Technologies to Improve Efficiency, Reliability, and Sustainability of GIS, Investment in GIS to Support the Growth of Industrial Production and Renewable Energy), and challenges (Addressing Environmental, Cost, Infrastructure, Urban, and Sustainability Challenges in the GIS Market) 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 primary focus on product development and innovation. Leading industry players like ABB, Siemens, Schneider Electric, and General Electric are at the forefront of advancing their product offerings to address shifting demands and environmental considerations. In response to growing environmental concerns related to sulfur hexafluoride (SF6), there is a significant drive towards the development and adoption of SF6-free alternatives. These alternatives aim to retain the performance characteristics of SF6 while mitigating its environmental footprint. Furthermore, there is a notable shift towards enhancing the intelligence of gas insulated switchgear through the integration of digital technologies and the Internet of Things (IoT). This integration enables remote monitoring, diagnostics, and predictive maintenance, ultimately elevating the reliability and efficiency of the equipment. In addition to these developments, the market is witnessing the emergence of hybrid gas insulated switchgear, which combines the advantages of both gas and solid insulation. This innovative approach seeks to improve reliability while simultaneously reducing the environmental impact.
• Market Development: The gas insulated switchgear market is experiencing significant growth and development driven by various factors. The increasing demand for electricity due to global energy consumption trends, coupled with the expanding renewable energy capacity, has spurred the need for efficient and reliable power distribution solutions, with gas insulated switchgear being a preferred choice. Its compact design and reduced maintenance requirements make it a favored option, particularly in space-constrained environments. Additionally, advancements in eco-friendly insulating gases are addressing environmental concerns associated with sulfur hexafluoride (SF6). The market is further influenced by the growth of transmission infrastructure, primarily in rapidly developing economies, where power generation, distribution, and integration of clean energy sources are critical to meeting the escalating electricity needs. This market is set to witness substantial expansion, particularly in the Asia Pacific region, and remains attuned to emerging energy trends and environmental considerations.
• Market Diversification: The gas insulated switchgear market is experiencing significant diversification, driven by a multitude of factors. Market players are increasingly focusing on the development and adoption of eco-friendly and SF6-free insulation alternatives to address environmental concerns. The market is diversifying across various insulation types, including both traditional SF6 and emerging SF6-free solutions. Additionally, diversification is observed in installation options, with both indoor and outdoor GIS systems gaining traction to meet diverse application requirements. Voltage ratings are broadening, catering to a wide range of electrical infrastructure needs. Configuration choices such as hybrid, compact GIS, and isolated phase designs offer versatility to end-users. Furthermore, the market is diversifying across end-user sectors, encompassing industrial, commercial, institutional, electrical utilities, data centers, and the aftermarket, reflecting the broad utility of gas insulated switchgear across different industries. This market diversification mirrors the industry’s efforts to address evolving demands, sustainability objectives, and technological advancements.
• Competitive Assessment: A comprehensive evaluation has been conducted to scrutinize the market presence, growth strategies, and service offerings of key players in the gas insulated switchgear market. These prominent companies include Eaton (Ireland), ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Mitsubishi Electric (Japan), and others. This analysis provides in-depth insights into the competitive positions of these major players, their approaches to driving market growth, and the range of services they offer within the gas insulated switchgear segment.
Table of Contents
1 INTRODUCTION 31
1.1 STUDY OBJECTIVES 31
1.2 MARKET DEFINITION 31
1.2.1 INCLUSIONS AND EXCLUSIONS 32
1.2.1.1 Gas-insulated switchgear market: Inclusions and exclusions,
by installation 32
1.2.1.2 Gas-insulated switchgear market: Inclusions and exclusions,
by insulation type 32
1.2.1.3 Gas-insulated switchgear market: Inclusions and exclusions,
by voltage rating 32
1.2.1.4 Gas-insulated switchgear market: Inclusions and exclusions,
by configuration 33
1.2.1.5 Gas-insulated switchgear market: Inclusions and exclusions,
by end user 33
1.2.1.6 Gas-insulated switchgear market: Inclusions and exclusions,
by region 33
1.3 STUDY SCOPE 34
1.3.1 MARKETS COVERED 34
FIGURE 1 GAS-INSULATED SWITCHGEAR MARKET: SEGMENTATION 34
1.3.2 REGIONAL SCOPE 34
1.3.3 YEARS CONSIDERED 35
1.4 CURRENCY CONSIDERED 35
1.5 LIMITATIONS 35
1.6 STAKEHOLDERS 36
1.7 SUMMARY OF CHANGES 36
1.8 IMPACT OF RECESSION 37
2 RESEARCH METHODOLOGY 38
2.1 RESEARCH DATA 38
FIGURE 2 GAS-INSULATED SWITCHGEAR MARKET: RESEARCH DESIGN 38
2.1.1 SECONDARY DATA 39
2.1.1.1 Key data from secondary sources 39
2.1.2 PRIMARY DATA 39
FIGURE 3 KEY DATA FROM PRIMARY SOURCES 40
2.1.2.1 Breakdown of primaries 40
FIGURE 4 BREAKDOWN OF PRIMARIES: BY COMPANY TYPE, DESIGNATION, AND REGION 41
2.1.3 SECONDARY AND PRIMARY RESEARCH 41
FIGURE 5 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS
DEMAND FOR GAS-INSULATED SWITCHGEAR 41
2.2 MARKET SIZE ESTIMATION 42
2.2.1 BOTTOM-UP APPROACH 42
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 42
2.2.2 TOP-DOWN APPROACH 43
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 43
2.2.3 DEMAND-SIDE ANALYSIS 44
2.2.3.1 Regional analysis 44
2.2.3.2 Country-level analysis 45
2.2.3.3 Assumptions for demand-side analysis 45
2.2.3.4 Calculations for demand-side analysis 45
2.2.4 SUPPLY-SIDE ANALYSIS 46
FIGURE 8 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF GAS-INSULATED SWITCHGEAR 46
FIGURE 9 GAS-INSULATED SWITCHGEAR MARKET: SUPPLY-SIDE ANALYSIS 46
2.2.4.1 Assumptions for supply-side analysis 47
2.2.4.2 Calculations for supply-side analysis 47
2.2.5 MARKET FORECAST 47
2.3 IMPACT OF RECESSION ON GAS-INSULATED SWITCHGEAR MARKET 47
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 48
FIGURE 10 DATA TRIANGULATION 48
3 EXECUTIVE SUMMARY 49
TABLE 1 GAS-INSULATED SWITCHGEAR MARKET: SNAPSHOT 49
FIGURE 11 ASIA PACIFIC DOMINATED GAS-INSULATED SWITCHGEAR MARKET IN 2022 50
FIGURE 12 OUTDOOR SEGMENT TO ACCOUNT FOR LARGER SHARE OF GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, IN 2028 51
FIGURE 13 SF6 SEGMENT TO REGISTER HIGHEST CAGR IN GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE, DURING FORECAST PERIOD 51
FIGURE 14 ABOVE 220 KV SEGMENT TO LEAD GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, IN 2028 52
FIGURE 15 HYBRID SEGMENT TO DOMINATE GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION, IN 2028 53
FIGURE 16 ELECTRICAL UTILITIES SEGMENT TO HOLD LARGEST SHARE OF GAS-INSULATED SWITCHGEAR MARKET, BY END USER, IN 2028 53
4 PREMIUM INSIGHTS 54
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN GAS-INSULATED SWITCHGEAR MARKET 54
FIGURE 17 ASIA PACIFIC TO LEAD GAS-INSULATED SWITCHGEAR MARKET BETWEEN 2023 AND 2028 54
4.2 GAS-INSULATED SWITCHGEAR MARKET, BY REGION 54
FIGURE 18 GAS-INSULATED SWITCHGEAR MARKET IN ASIA PACIFIC TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 54
4.3 GAS-INSULATED SWITCHGEAR MARKET IN ASIA PACIFIC, BY INSTALLATION AND COUNTRY, 2022 55
FIGURE 19 OUTDOOR SEGMENT AND CHINA ACCOUNTED FOR LARGEST SHARES OF GAS-INSULATED SWITCHGEAR MARKET IN ASIA PACIFIC IN 2022 55
4.4 GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION 55
FIGURE 20 OUTDOOR SEGMENT TO HOLD LARGER SHARE OF GAS-INSULATED SWITCHGEAR MARKET IN 2028 55
4.5 GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE 56
FIGURE 21 SF6 SEGMENT TO ACCOUNT FOR LARGER SHARE OF GAS-INSULATED SWITCHGEAR MARKET IN 2028 56
4.6 GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING 56
FIGURE 22 ABOVE 220 KV SEGMENT TO ACCOUNT FOR LARGEST SHARE OF GAS-INSULATED SWITCHGEAR MARKET IN 2028 56
4.7 GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION 57
FIGURE 23 HYBRID SEGMENT TO DOMINATE GAS-INSULATED SWITCHGEAR MARKET IN 2028 57
4.8 GAS-INSULATED SWITCHGEAR MARKET, BY END USER 57
FIGURE 24 ELECTRIC UTILITIES SEGMENT TO LEAD GAS-INSULATED SWITCHGEAR MARKET IN 2028 57
5 MARKET OVERVIEW 58
5.1 INTRODUCTION 58
5.2 MARKET DYNAMICS 59
FIGURE 25 GAS-INSULATED SWITCHGEAR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 59
5.2.1 DRIVERS 59
5.2.1.1 Growing demand for reliable and efficient power supply 59
TABLE 2 ELECTRICITY PRICES IN SELECTED OECD COUNTRIES, 2022 (USD/UNIT) 61
5.2.1.2 Global transition toward renewable energy 61
FIGURE 26 INSTALLED RENEWABLE ENERGY CAPACITY, 2016–2022 62
5.2.1.3 Enhanced electrical safety and efficiency offered by gas-insulated switchgear 62
5.2.2 RESTRAINTS 63
5.2.2.1 Development and deployment of SF6-free gas-insulated switchgear 63
TABLE 3 GLOBAL WARMING POTENTIAL OF GREENHOUSE GASES (100-YEAR TIME HORIZON) 64
5.2.3 OPPORTUNITIES 64
5.2.3.1 Focus on modernizing power grids to reduce blackouts and improve reliability 64
5.2.3.2 Adoption of smart and emerging switchgear technologies to improve efficiency, reliability, and sustainability of power grids 65
5.2.3.3 Investments in gas-insulated switchgear to boost industrial production and adoption of renewable energy 66
FIGURE 27 GLOBAL GDP GROWTH, 2010–2022 66
5.2.4 CHALLENGES 67
5.2.4.1 High procurement costs, strict regulations against SF6 gas, and costly maintenance procedures of gas-insulated switchgear 67
5.3 PORTER’S FIVE FORCES ANALYSIS 68
FIGURE 28 GAS-INSULATED SWITCHGEAR MARKET: PORTER’S FIVE FORCES ANALYSIS 68
TABLE 4 GAS-INSULATED SWITCHGEAR MARKET: PORTER’S FIVE FORCES ANALYSIS 68
5.3.1 THREAT OF SUBSTITUTES 69
5.3.2 BARGAINING POWER OF SUPPLIERS 69
5.3.3 BARGAINING POWER OF BUYERS 69
5.3.4 THREAT OF NEW ENTRANTS 69
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 70
5.4 VALUE CHAIN ANALYSIS 70
FIGURE 29 GAS-INSULATED SWITCHGEAR MARKET: VALUE CHAIN ANALYSIS 71
5.4.1 RAW MATERIAL PROVIDERS/SUPPLIERS 71
5.4.2 COMPONENT MANUFACTURERS 71
5.4.3 GAS-INSULATED SWITCHGEAR MANUFACTURERS/ASSEMBLERS 72
5.4.4 DISTRIBUTORS 72
5.4.5 APPLICATIONS 72
5.4.6 POST-SALES SERVICES 72
5.5 TECHNOLOGY ANALYSIS 72
5.5.1 AI DETECTION IN GAS-INSULATED SWITCHGEAR 72
5.5.2 IOT-CONNECTED GAS-INSULATED SWITCHGEAR 73
5.5.3 SF6-FREE GAS-INSULATED SWITCHGEAR 74
5.6 KEY CONFERENCES AND EVENTS, 2022–2024 74
TABLE 5 SWITCHGEAR MARKET: LIST OF KEY CONFERENCES AND EVENTS 74
5.7 ECOSYSTEM MAPPING 76
FIGURE 30 ECOSYSTEM ANALYSIS 76
TABLE 6 ROLE OF PARTICIPANTS IN ECOSYSTEM 77
5.8 PATENT ANALYSIS 79
FIGURE 31 LIST OF MAJOR PATENTS RELATED TO GAS-INSULATED SWITCHGEAR 79
TABLE 7 INNOVATIONS AND PATENT REGISTRATIONS RELATED TO SWITCHGEAR, MAY 2019–JULY 2023 79
5.9 CASE STUDY ANALYSIS 84
5.9.1 NORTHERN POWERGRID COMPANY TO USE ABB’S SF6-FREE SWITCHGEAR FOR ELECTRICAL NETWORK 84
5.9.2 NATIONAL GRID TO SHIFT TOWARD SF6-FREE HV SUBSTATIONS IN SOUTHEAST ENGLAND 85
5.9.3 SCHNEIDER ELECTRIC DEVELOPED SF6-FREE GREEN GIS SOLUTION 85
5.10 TRADE ANALYSIS 86
5.10.1 TRADE ANALYSIS RELATED TO ELECTRICAL APPARATUS FOR SWITCHING OR PROTECTING ELECTRICAL CIRCUITS WITH VOLTAGE EXCEEDING 1,000 VOLTS 86
5.10.1.1 Import scenario 86
TABLE 8 IMPORT SCENARIO FOR PRODUCTS UNDER HS CODE 8535, BY COUNTRY, 2020–2022 (USD) 86
5.10.1.2 Export scenario 87
TABLE 9 EXPORT SCENARIO FOR PRODUCTS UNDER HS CODE 8535, BY COUNTRY, 2020–2022 (USD) 87
5.10.2 TRADE ANALYSIS RELATED TO ELECTRICAL APPARATUS FOR SWITCHING OR PROTECTING ELECTRICAL CIRCUITS WITH VOLTAGE LOWER THAN 1,000 VOLTS 89
5.10.2.1 Import scenario 89
TABLE 10 IMPORT SCENARIO FOR PRODUCTS UNDER HS CODE 853690, BY COUNTRY, 2020–2022 (USD) 89
5.10.2.2 Export scenario 90
TABLE 11 EXPORT SCENARIO FOR PRODUCTS UNDER HS CODE 853690, BY COUNTRY, 2020–2022 (USD) 90
5.11 PRICING ANALYSIS 91
5.11.1 AVERAGE SELLING PRICE OF GAS-INSULATED SWITCHGEAR, BY VOLTAGE RATING 91
TABLE 12 AVERAGE SELLING PRICE OF GAS-INSULATED SWITCHGEAR, BY VOLTAGE RATING, 2022 91
TABLE 13 AVERAGE SELLING PRICE OF GAS-INSULATED SWITCHGEAR OFFERED BY THREE KEY PLAYERS, BY VOLTAGE RATING, 2022 92
FIGURE 32 AVERAGE SELLING PRICE OF GAS-INSULATED SWITCHGEAR OFFERED BY THREE KEY PLAYERS, BY VOLTAGE RATING, 2022 92
5.12 TARIFFS AND REGULATORY LANDSCAPE 92
5.12.1 TARIFFS RELATED TO GAS-INSULATED SWITCHGEAR 93
TABLE 14 IMPORT VALUES FOR LOW-VOLTAGE PROTECTION EQUIPMENT UNDER HS CODE 853690, 2022 93
TABLE 15 IMPORT VALUES FOR HIGH-VOLTAGE PROTECTION EQUIPMENT UNDER HS CODE 8535, 2022 94
5.12.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 95
TABLE 16 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 95
TABLE 17 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 96
TABLE 18 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 97
TABLE 19 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 98
5.12.3 CODES AND REGULATIONS RELATED TO GAS-INSULATED SWITCHGEAR 98
TABLE 20 GAS-INSULATED SWITCHGEAR MARKET: CODES AND REGULATIONS 98
5.13 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 100
FIGURE 33 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 101
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 101
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 101
FIGURE 34 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS 101
TABLE 21 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS 102
5.14.2 BUYING CRITERIA 102
FIGURE 35 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS 102
TABLE 22 KEY BUYING CRITERIA FOR TOP THREE END USERS 102
6 GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION 103
6.1 INTRODUCTION 104
FIGURE 36 GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2022 104
TABLE 23 GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2021–2028 (USD MILLION) 104
6.2 INDOOR 105
6.2.1 NEED FOR STABLE POWER SUPPLY FROM VARIOUS INDUSTRIES TO DRIVE SEGMENTAL GROWTH 105
TABLE 24 INDOOR: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION) 105
6.3 OUTDOOR 106
6.3.1 INCREASING APPLICATIONS IN SUBSTATIONS AND SWITCHYARDS TO PROPEL SEGMENTAL GROWTH 106
TABLE 25 OUTDOOR: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION) 106
7 GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE 108
7.1 INTRODUCTION 109
FIGURE 37 GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE, 2022 109
TABLE 26 GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE, 2021–2028 (USD MILLION) 109
7.2 SF6 110
7.2.1 SIGNIFICANT ADVANTAGES IN SPACE-CONSTRAINED ENVIRONMENTS TO PROPEL SEGMENTAL GROWTH 110
TABLE 27 SF6: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION) 111
7.3 SF6-FREE 111
7.3.1 INCREASING CONCERNS OF GLOBAL WARMING TO DRIVE ADOPTION OF SF6-FREE SEGMENT 111
TABLE 28 SF6-FREE: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION) 112
8 GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION 113
8.1 INTRODUCTION 114
FIGURE 38 GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION, 2022 114
TABLE 29 GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION, 2021–2028 (USD MILLION) 114
8.2 HYBRID 115
8.2.1 EFFICIENT AND COST-EFFECTIVE OPTIMIZATION OF POWER SUBSTATIONS USING HYBRID SWITCHGEAR TO PROPEL SEGMENTAL GROWTH 115
TABLE 30 HYBRID: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION) 115
8.3 ISOLATED PHASE 116
8.3.1 ENHANCED SAFETY AND RELIABILITY WITH ISOLATED PHASE GAS-INSULATED SWITCHGEAR CONFIGURATION TO DRIVE SEGMENTAL GROWTH 116
TABLE 31 ISOLATED PHASE: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION) 116
8.4 INTEGRATED THREE-PHASE 116
8.4.1 RAPIDLY INCREASING URBAN AND INDUSTRIAL POWER NEEDS TO BOOST INTEGRATED THREE-PHASE MARKET GROWTH 116
TABLE 32 INTEGRATED THREE-PHASE: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION) 117
8.5 COMPACT GIS 117
8.5.1 MINIMIZED SPATIAL REQUIREMENTS WITH OPTIMIZED PERFORMANCE AND RELIABILITY ADVANTAGES OF COMPACT GIS TO FUEL SEGMENTAL GROWTH 117
TABLE 33 COMPACT GIS: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION) 118
9 GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING 119
9.1 INTRODUCTION 120
FIGURE 39 GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2022 120
TABLE 34 GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2021–2028 (USD MILLION) 121
9.2 UP TO 5 KV 121
9.2.1 NEED TO OPTIMIZE MEDIUM VOLTAGE SOLUTIONS IN URBAN AND SPACE-RESTRICTED ENVIRONMENTS TO DRIVE SEGMENTAL GROWTH 121
TABLE 35 UP TO 5 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION) 122
9.3 6 TO 15 KV 122
9.3.1 DEPLOYMENT IN VERSATILE INDUSTRIAL AND COMMERCIAL SETTINGS TO PROPEL SEGMENTAL GROWTH 122
TABLE 36 6 TO 15 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION) 123
9.4 16 TO 27 KV 123
9.4.1 INCREASING INVESTMENTS IN TRANSMISSION AND DISTRIBUTION INFRASTRUCTURE IN EMERGING ECONOMIES TO SUPPORT SEGMENTAL GROWTH 123
TABLE 37 16 TO 27 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION) 124
9.5 28 TO 40.5 KV 124
9.5.1 NEED TO IMPROVE RELIABILITY AND UPTIME WITH MEDIUM VOLTAGE GAS-INSULATED SWITCHGEAR TO BOOST SEGMENTAL GROWTH 124
TABLE 38 28 TO 40.5 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION) 125
9.6 40.6 TO 73 KV 125
9.6.1 GROWING DEMAND FOR COMPACT AND SPACE-SAVING DESIGNS TO DRIVE SEGMENTAL GROWTH 125
TABLE 39 40.6 TO 73 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION) 126
9.7 74 TO 220 KV 126
9.7.1 INVESTMENTS IN TRANSMISSION INFRASTRUCTURE TO BOOST SEGMENTAL GROWTH 126
TABLE 40 74 TO 220 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION) 127
9.8 ABOVE 220 KV 127
9.8.1 OPTIMIZING EFFICIENCY OF ULTRA-HIGH-VOLTAGE TRANSMISSIONS AND SHIFT TOWARD SUSTAINABLE POWER GENERATION TO BOOST SEGMENTAL GROWTH 127
TABLE 41 ABOVE 220 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION) 128
10 GAS-INSULATED SWITCHGEAR MARKET, BY END USER 129
10.1 INTRODUCTION 130
FIGURE 40 GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2022 130
TABLE 42 GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 131
10.2 INDUSTRIAL 131
TABLE 43 INDUSTRIAL: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION) 132
TABLE 44 INDUSTRIAL: GAS-INSULATED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION) 132
10.2.1 PROCESS 133
10.2.1.1 Need for highly reliable and secure power supply with robust protection mechanisms to drive deployment of gas-insulated switchgear 133
10.2.2 DISCRETE 133
10.2.2.1 Increasing need for reliable power distribution and adoption of renewable energy sources to fuel demand 133
10.2.3 OIL & GAS 133
10.2.3.1 Capability to mitigate electrical faults and enhance safety and operational efficiency to propel use of gas-insulated switchgear 133
10.2.4 OTHERS 134
10.3 COMMERCIAL & INSTITUTIONAL 134
TABLE 45 COMMERCIAL & INSTITUTIONAL: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION) 135
TABLE 46 COMMERCIAL & INSTITUTIONAL: GAS-INSULATED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION) 135
10.3.1 COMMERCIAL 135
10.3.1.1 Need for dependable and efficient electricity distribution to different businesses and facilities to fuel demand 135
10.3.2 INSTITUTIONAL 136
10.3.2.1 Implementation of gas-insulated switchgear in powering educational institutions to contribute to demand 136
10.3.3 INFRASTRUCTURE 136
10.3.3.1 Requirement for reliable electricity distribution for essential infrastructure to support market growth 136
10.3.4 GOVERNMENT 136
10.3.4.1 Need to empower government operations and develop infrastructure to propel demand 136
10.4 ELECTRICAL UTILITIES 137
TABLE 47 ELECTRICAL UTILITIES: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION) 137
TABLE 48 ELECTRICAL UTILITIES: GAS-INSULATED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION) 138
10.4.1 GENERATION 138
10.4.1.1 Role in controlling and safeguarding electrical circuits and equipment within power generation facilities to drive demand for gas-insulated switchgear 138
10.4.2 T&D 139
10.4.2.1 Advancements in switchgear technology to manage power fluctuation and electrical grid stability in T&D to fuel demand for gas-insulated switchgear 139
10.5 DATA CENTERS 139
TABLE 49 DATA CENTERS: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION) 140
TABLE 50 DATA CENTERS: GAS-INSULATED SWITCHGEAR MARKET, BY TYPE, 2021–2028 (USD MILLION) 140
10.5.1 NON-HYPERSCALE 140
10.5.1.1 Fostering data center resilience with gas-insulated switchgear to fuel market growth 140
10.5.2 HYPERSCALE 141
10.5.2.1 Need for compact and dependable power distribution system to drive market for gas-insulated switchgear 141
10.6 AFTERMARKET 141
10.6.1 NEED TO SUPPORT CRITICAL INFRASTRUCTURE TO CONTRIBUTE TO GAS-INSULATED SWITCHGEAR AFTERMARKET GROWTH 141
TABLE 51 AFTERMARKET: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION) 142
11 GAS-INSULATED SWITCHGEAR MARKET, BY REGION 143
11.1 INTRODUCTION 144
FIGURE 41 GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2022 145
FIGURE 42 GAS-INSULATED SWITCHGEAR MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR FROM 2023 TO 2028 145
TABLE 52 GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION) 146
11.2 ASIA PACIFIC 146
11.2.1 IMPACT OF RECESSION ON GAS-INSULATED SWITCHGEAR MARKET IN ASIA PACIFIC 147
FIGURE 43 ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET SNAPSHOT 148
11.2.2 BY INSTALLATION 148
TABLE 53 ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2021–2028 (USD MILLION) 148
11.2.3 BY INSULATION TYPE 149
TABLE 54 ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE, 2021–2028 (USD MILLION) 149
11.2.4 BY VOLTAGE RATING 149
TABLE 55 ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2021–2028 (USD MILLION) 149
11.2.5 BY CONFIGURATION 149
TABLE 56 ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION, 2021–2028 (USD MILLION) 149
11.2.6 BY END USER 150
TABLE 57 ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 150
11.2.7 BY COUNTRY 150
TABLE 58 ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 150
11.2.7.1 China 150
11.2.7.1.1 Substantial investments in infrastructure projects and demand for gas-insulated switchgear from power generation and transmission sectors to drive market 150
TABLE 59 CHINA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 151
11.2.7.2 India 151
11.2.7.2.1 Growing electrification and clean energy commitments to propel market 151
TABLE 60 INDIA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 152
11.2.7.3 Japan 152
11.2.7.3.1 Development of more efficient, reliable, and environmentally friendly GIS technologies to support market growth 152
TABLE 61 JAPAN: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 153
11.2.7.4 South Korea 154
11.2.7.4.1 Government support for increasing adoption of gas-insulated switchgear in various sectors to fuel market growth 154
TABLE 62 SOUTH KOREA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 155
11.2.7.5 Australia 155
11.2.7.5.1 Electrification of Australia’s railway network to boost demand 155
TABLE 63 AUSTRALIA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 156
11.2.7.6 Rest of Asia Pacific 156
TABLE 64 REST OF ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 157
11.3 NORTH AMERICA 157
11.3.1 IMPACT OF RECESSION ON GAS-INSULATED SWITCHGEAR MARKET IN NORTH AMERICA 158
11.3.2 BY INSTALLATION 158
TABLE 65 NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2021–2028 (USD MILLION) 158
11.3.3 BY INSULATION TYPE 159
TABLE 66 NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE, 2021–2028 (USD MILLION) 159
11.3.4 BY VOLTAGE RATING 159
TABLE 67 NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2021–2028 (USD MILLION) 159
11.3.5 BY CONFIGURATION 159
TABLE 68 NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION, 2021–2028 (USD MILLION) 159
11.3.6 BY END USER 160
TABLE 69 NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 160
11.3.7 BY COUNTRY 160
TABLE 70 NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 160
11.3.7.1 US 160
11.3.7.1.1 Replacement of aging power infrastructure to drive market 160
TABLE 71 US: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 162
11.3.7.2 Canada 162
11.3.7.2.1 Focus on sustainability and safe, dependable transmission of energy with reduced energy footprint to boost market growth 162
TABLE 72 CANADA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 163
11.3.7.3 Mexico 163
11.3.7.3.1 Increasing investments in clean energy generation and modernization of power grid to fuel demand 163
TABLE 73 MEXICO: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 164
11.4 EUROPE 164
11.4.1 IMPACT OF RECESSION ON GAS-INSULATED SWITCHGEAR MARKET IN EUROPE 165
FIGURE 44 EUROPE: GAS-INSULATED SWITCHGEAR MARKET SNAPSHOT 166
11.4.2 BY INSTALLATION 166
TABLE 74 EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2021–2028 (USD MILLION) 166
11.4.3 BY INSULATION TYPE 167
TABLE 75 EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE, 2021–2028 (USD MILLION) 167
11.4.4 BY VOLTAGE RATING 167
TABLE 76 EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2021–2028 (USD MILLION) 167
11.4.5 BY CONFIGURATION 167
TABLE 77 EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION, 2021–2028 (USD MILLION) 167
11.4.6 BY END USER 168
TABLE 78 EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 168
11.4.7 BY COUNTRY 168
TABLE 79 EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 168
11.4.7.1 Germany 168
11.4.7.1.1 Renewable energy integration into power distribution grid to foster market growth 168
TABLE 80 GERMANY: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 169
11.4.7.2 UK 169
11.4.7.2.1 Transition toward more sustainable energy sources to fuel market growth 169
TABLE 81 UK: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 170
11.4.7.3 Italy 171
11.4.7.3.1 Leveraging gas-insulated switchgear for enhance grid reliability and resilience to support market growth 171
TABLE 82 ITALY: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 172
11.4.7.4 France 172
11.4.7.4.1 Replacement of aging infrastructure with newer, efficient ones to boost market 172
TABLE 83 FRANCE: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 173
11.4.7.5 Spain 173
11.4.7.5.1 Utilization of gas-insulated switchgear for energy transition to generate demand 173
TABLE 84 SPAIN: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 174
11.4.7.6 Rest of Europe 174
TABLE 85 REST OF EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 175
11.5 SOUTH AMERICA 175
11.5.1 IMPACT OF RECESSION ON GAS-INSULATED SWITCHGEAR MARKET IN SOUTH AMERICA 176
11.5.2 BY INSTALLATION 176
TABLE 86 SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2021–2028 (USD MILLION) 176
11.5.3 BY INSULATION TYPE 177
TABLE 87 SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE, 2021–2028 (USD MILLION) 177
11.5.4 BY VOLTAGE RATING 177
TABLE 88 SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2021–2028 (USD MILLION) 177
11.5.5 BY CONFIGURATION 177
TABLE 89 SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION, 2021–2028 (USD MILLION) 177
11.5.6 BY END USER 178
TABLE 90 SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 178
11.5.7 BY COUNTRY 178
TABLE 91 SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 178
11.5.7.1 Brazil 178
11.5.7.1.1 Commitment to renewable energy and modernization of aging infrastructure to fuel market growth 178
TABLE 92 BRAZIL: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 179
11.5.7.2 Argentina 180
11.5.7.2.1 Need for reliable and secure power supply to oil & gas and other industries to generate demand 180
TABLE 93 ARGENTINA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 180
11.5.7.3 Rest of South America 180
TABLE 94 REST OF SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 181
11.6 MIDDLE EAST & AFRICA 181
11.6.1 IMPACT OF RECESSION ON GAS-INSULATED SWITCHGEAR MARKET IN MIDDLE EAST & AFRICA 182
11.6.2 BY INSTALLATION 182
TABLE 95 MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2021–2028 (USD MILLION) 182
11.6.3 BY INSULATION TYPE 183
TABLE 96 MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE, 2021–2028 (USD MILLION) 183
11.6.4 BY VOLTAGE RATING 183
TABLE 97 MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2021–2028 (USD MILLION) 183
11.6.5 BY CONFIGURATION 183
TABLE 98 MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION, 2021–2028 (USD MILLION) 183
11.6.6 BY END USER 184
TABLE 99 MIDDLE EAST & AFRICA GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 184
11.6.7 BY COUNTRY 184
TABLE 100 MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2021–2028 (USD MILLION) 184
11.6.7.1 Saudi Arabia 184
11.6.7.1.1 Diversification of energy generation and infrastructure growth to boost demand for gas-insulated switchgear 184
TABLE 101 SAUDI ARABIA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 185
11.6.7.2 UAE 185
11.6.7.2.1 Substantial renewable energy generation and increasing construction activities to contribute to demand for gas-insulated switchgear 185
TABLE 102 UAE: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 186
11.6.7.3 South Africa 186
11.6.7.3.1 Healthy growth of various sectors attributed to economic growth to drive demand 186
TABLE 103 SOUTH AFRICA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 187
11.6.7.4 Kuwait 187
11.6.7.4.1 Focus on renewable energy and enhancement of power transmission and distribution infrastructure to propel market growth 187
TABLE 104 KUWAIT: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2021–2028 (USD MILLION) 188
11.6.7.5 Rest of Middle East & Africa 188
TABLE 105 REST OF MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET, BY END USER, 2021–2028 (USD MILLION) 188
12 COMPETITIVE LANDSCAPE 190
12.1 INTRODUCTION 190
12.2 STRATEGIES ADOPTED BY KEY PLAYERS 190
TABLE 106 OVERVIEW OF KEY STRATEGIES DEPLOYED BY TOP PLAYERS,
APRIL 2019–APRIL 2022 190
12.3 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2022 193
TABLE 107 GAS-INSULATED SWITCHGEAR MARKET: DEGREE OF COMPETITION 193
FIGURE 45 GAS-INSULATED SWITCHGEAR MARKET: MARKET SHARE ANALYSIS, 2022 194
12.4 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS, 2018–2022 195
FIGURE 46 TOP PLAYERS IN GAS-INSULATED SWITCHGEAR MARKET, 2018–2022 195
12.5 COMPANY EVALUATION MATRIX, 2022 196
12.5.1 STARS 196
12.5.2 PERVASIVE PLAYERS 196
12.5.3 EMERGING LEADERS 196
12.5.4 PARTICIPANTS 196
FIGURE 47 GAS-INSULATED SWITCHGEAR MARKET:
COMPANY EVALUATION MATRIX, 2022 197
12.5.5 COMPANY FOOTPRINT 197
TABLE 108 COMPANY FOOTPRINT: BY INSULATION TYPE 197
TABLE 109 COMPANY FOOTPRINT: BY VOLTAGE RATING 198
TABLE 110 COMPANY FOOTPRINT: BY INSTALLATION 199
TABLE 111 COMPANY FOOTPRINT: BY CONFIGURATION 200
TABLE 112 COMPANY FOOTPRINT: BY END USER 201
TABLE 113 COMPANY FOOTPRINT: BY REGION 202
TABLE 114 OVERALL COMPANY FOOTPRINT 203
12.6 START-UPS/SMALL AND MEDIUM ENTERPRISES (SMES) EVALUATION MATRIX, 2022 204
12.6.1 PROGRESSIVE COMPANIES 204
12.6.2 RESPONSIVE COMPANIES 204
12.6.3 DYNAMIC COMPANIES 204
12.6.4 STARTING BLOCKS 204
FIGURE 48 GAS-INSULATED SWITCHGEAR MARKET: START-UPS/SMES EVALUATION MATRIX, 2022 205
TABLE 115 GAS-INSULATED SWITCHGEAR MARKET: LIST OF KEY START-UPS/SMES 206
12.6.5 COMPETITIVE BENCHMARKING 207
TABLE 116 GAS-INSULATED SWITCHGEAR MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 207
12.7 COMPETITIVE SCENARIOS AND TRENDS 208
12.7.1 PRODUCT LAUNCHES 208
TABLE 117 GAS-INSULATED SWITCHGEAR MARKET: PRODUCT LAUNCHES,
APRIL 2020–MARCH 2023 208
12.7.2 DEALS 210
TABLE 118 GAS-INSULATED SWITCHGEAR MARKET: DEALS, APRIL 2019–AUGUST 2023 210
12.7.3 OTHERS 214
TABLE 119 GAS-INSULATED SWITCHGEAR MARKET: OTHERS, APRIL 2019–MAY 2023 214
13 COMPANY PROFILES 216
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1 KEY PLAYERS 216
13.1.1 ABB 216
TABLE 120 ABB: COMPANY OVERVIEW 216
FIGURE 49 ABB: COMPANY SNAPSHOT 217
TABLE 121 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED 217
TABLE 122 ABB: PRODUCT LAUNCHES 219
TABLE 123 ABB: DEALS 220
TABLE 124 ABB: OTHERS 221
13.1.2 SCHNEIDER ELECTRIC 223
TABLE 125 SCHNEIDER ELECTRIC: COMPANY OVERVIEW 223
FIGURE 50 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 224
TABLE 126 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 224
TABLE 127 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES 226
TABLE 128 SCHNEIDER ELECTRIC: OTHERS 227
13.1.3 GENERAL ELECTRIC 229
TABLE 129 GENERAL ELECTRIC: COMPANY OVERVIEW 229
FIGURE 51 GENERAL ELECTRIC: COMPANY SNAPSHOT 230
TABLE 130 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 230
TABLE 131 GENERAL ELECTRIC: PRODUCT LAUNCHES 231
TABLE 132 GENERAL ELECTRIC: DEALS 231
TABLE 133 GENERAL ELECTRIC: OTHERS 233
13.1.4 SIEMENS 235
TABLE 134 SIEMENS: COMPANY OVERVIEW 235
FIGURE 52 SIEMENS: COMPANY SNAPSHOT 236
TABLE 135 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 236
TABLE 136 SIEMENS: PRODUCT LAUNCHES 238
TABLE 137 SIEMENS: DEALS 239
TABLE 138 SIEMENS: OTHERS 240
13.1.5 EATON 242
TABLE 139 EATON: COMPANY OVERVIEW 242
FIGURE 53 EATON: COMPANY SNAPSHOT 243
TABLE 140 EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED 243
TABLE 141 EATON: PRODUCT LAUNCHES 244
TABLE 142 EATON: DEALS 245
13.1.6 MITSUBISHI ELECTRIC CORPORATION 246
TABLE 143 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW 246
FIGURE 54 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT 247
TABLE 144 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 247
TABLE 145 MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES 248
13.1.7 HITACHI, LTD. 249
TABLE 146 HITACHI, LTD.: COMPANY OVERVIEW 249
FIGURE 55 HITACHI, LTD.: COMPANY SNAPSHOT 250
TABLE 147 HITACHI, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 251
TABLE 148 HITACHI, LTD.: DEALS 252
13.1.8 HD HYUNDAI ELECTRIC CO., LTD. 253
TABLE 149 HD HYUNDAI ELECTRIC CO., LTD.: COMPANY OVERVIEW 253
FIGURE 56 HD HYUNDAI ELECTRIC CO., LTD.: COMPANY SNAPSHOT 253
TABLE 150 HD HYUNDAI ELECTRIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 254
13.1.9 FUJI ELECTRIC 255
TABLE 151 FUJI ELECTRIC: COMPANY OVERVIEW 255
FIGURE 57 FUJI ELECTRIC: COMPANY SNAPSHOT 256
TABLE 152 FUJI ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 257
TABLE 153 FUJI ELECTRIC: DEALS 258
TABLE 154 FUJI ELECTRIC: OTHERS 258
13.1.10 CG POWER AND INDUSTRIAL SOLUTIONS LTD. 259
TABLE 155 CG POWER AND INDUSTRIAL SOLUTIONS LTD.: COMPANY OVERVIEW 259
FIGURE 58 CG POWER AND INDUSTRIAL SOLUTIONS LTD.: COMPANY SNAPSHOT 260
TABLE 156 CG POWER AND INDUSTRIAL SOLUTIONS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 261
13.1.11 NISSIN ELECTRIC CO.,LTD. 262
TABLE 157 NISSIN ELECTRIC CO.,LTD.: COMPANY OVERVIEW 262
FIGURE 59 NISSIN ELECTRIC CO.,LTD.: COMPANY SNAPSHOT 263
TABLE 158 NISSIN ELECTRIC CO.,LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 263
TABLE 159 NISSIN ELECTRIC CO.,LTD.: OTHERS 265
13.1.12 MEIDENSHA CORPORATION 266
TABLE 160 MEIDENSHA CORPORATION: COMPANY OVERVIEW 266
FIGURE 60 MEIDENSHA CORPORATION: COMPANY SNAPSHOT 267
TABLE 161 MEIDENSHA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 267
13.1.13 POWELL INDUSTRIES. 269
TABLE 162 POWELL INDUSTRIES.: COMPANY OVERVIEW 269
FIGURE 61 POWELL INDUSTRIES.: COMPANY SNAPSHOT 269
TABLE 163 POWELL INDUSTRIES.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 270
TABLE 164 POWELL INDUSTRIES.: DEALS 270
13.1.14 HYOSUNG HEAVY INDUSTRIES. 271
TABLE 165 HYOSUNG HEAVY INDUSTRIES.: COMPANY OVERVIEW 271
FIGURE 62 HYOSUNG HEAVY INDUSTRIES.: COMPANY SNAPSHOT 272
TABLE 166 HYOSUNG HEAVY INDUSTRIES.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 272
TABLE 167 HYOSUNG HEAVY INDUSTRIES.: PRODUCT LAUNCHES 273
13.1.15 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION 274
TABLE 168 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY OVERVIEW 274
FIGURE 63 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY SNAPSHOT 275
TABLE 169 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 275
TABLE 170 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION.: DEALS 276
TABLE 171 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: OTHERS 277
13.2 OTHER PLAYERS 278
13.2.1 LUCY GROUP LTD. 278
13.2.2 ELECKTROBUDOWA SP.Z O.O. 279
13.2.3 CHINT GROUP 279
13.2.4 SEL S.P.A. 280
13.2.5 ILJIN ELECTRIC 280
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
14 APPENDIX 281
14.1 INSIGHTS FROM INDUSTRY EXPERTS 281
14.2 DISCUSSION GUIDE 281
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 286
14.4 CUSTOMIZATION OPTIONS 288
14.5 RELATED REPORTS 288
14.6 AUTHOR DETAILS 289