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The Gas-Insulated Switchgear (GIS) Market size was valued at USD 26.87 billion in 2023 and is expected to reach USD 46.49 billion by 2032. It will grow at a CAGR of 6.32% over the forecast period 2024-2032.
Gas-insulated switchgear (GIS) is gaining popularity due to its numerous advantages over traditional switchgear systems, particularly in terms of space efficiency, reliability, and safety. This growth is driven by the increasing demand for electrification in urban and industrial settings, where space is limited. GIS is compact and ideal for installation in densely populated cities or underground infrastructure projects. Another key factor is the growing emphasis on grid modernization and the development of smart grids. As power distribution systems become more efficient, reliable, and automated, GIS plays a crucial role, requiring minimal maintenance and integrating well into modern designs. Additionally, with the rise in renewable energy sources such as solar and wind, advanced transmission and distribution systems are essential.
GIS is highly suited for high-voltage requirements in renewable energy projects. In 2023, renewables accounted for 12.7% of global energy demand, with solar and wind contributing over 80% of new capacity. Investments in clean energy technologies exceeded USD 1.5 trillion, with nearly half going to developing economies. Despite this, fossil fuels still dominate with 78% of energy consumption. Renewable energy jobs reached 13 million globally, with the solar sector contributing significantly. Furthermore, stringent safety and environmental regulations drive industries to adopt GIS, minimizing accidents and ensuring operational security. This market is propelled by urbanization, the need for reliable energy transmission, and the integration of renewable energy sources.
KEY DRIVERS:
Driving Renewable Energy Growth with GIS Technology for Reliable Power Transmission and Distribution Solutions
The primary growth driver for GIS is renewable energy integration. With the rising trend toward cleaner energy sources, the demand for robust transmission and distribution systems has increased appreciably. GIS technology comes in handy for managing diverse fluctuating energy inputs from renewable sources of energy, including solar and wind. These systems have the capability of handling high voltage and load variations in renewable energy farms for connection to national grids. The reliability of GIS under harsh environmental conditions makes it a crucial aspect in support of the shift to renewable energy globally.
Enhancing Power Grids Efficiency and Resilience with GIS Solutions for Urbanization and Industrial Growth
Growth in the GIS market is also driven by the need to upgrade the strength and efficiency of power grids. Increasing industrial growth and urbanization increase pressure on such grids, and consequently, modernizing the existing infrastructure to meet increasing power requirements becomes a precondition. GIS provides a compact, low-maintenance solution that is especially suited for aging grids that require upgrades but have limited physical space. Other pluses of GIS involve high safety levels, making sure that reliable and uninterrupted transmission and distribution of power occur in difficult environmental conditions, such as high moisture levels or extreme temperatures. This fact is making GIS increasingly acceptable in many fields.
RESTRAIN:
Addressing Investment Challenges and Environmental Concerns in GIS Adoption for Sustainable Infrastructure Development
A key challenge for GIS is the high initial investment in installation, which acts as a major deterrent factor when considering them for installations such as those of smaller utilities or industries that have very thin margins for investment. Environmental issues related to complicated manufacturing processes and dependency on SF6 gas, which is a potent greenhouse gas, hold a big risk. Higher regulatory pressure on reducing SF6 emissions will compel higher compliance costs or may demand the research of alternative insulating material. Moreover, the long replacement cycle of GIS systems means that while demand is growing, the market growth might be temperate given the slow rate at which the infrastructure upgrades are being done.
BY INSTALLATION
The Outdoor segment dominated the total market share of 53.22% in 2023. This is because the product is highly suitable for high voltage and high rigidity against rugged environmental elements. Installations are much preferred outdoors in areas where space constraints do not prevail, as larger equipment and systems with high capacities, like substations and transmission lines, can be easily integrated. Such high resilience to weather conditions makes the use of outdoor GIS more popular for utility and large industrial applications.
The indoor segment grows at the highest CAGR of 6.73% over the forecast period. Indoor space-efficient solutions in confined urban spaces become increasingly necessary. For example, commercial building spaces and underground structures require higher degrees of safety and less footprint. Improved aesthetics means their high aesthetic appeal for indoor usage. Cities are growing briskly, and a greater number of people are shifting to cities at a faster rate. As cities grow, compact and reliable indoor switchgear solutions make space in the shortest span.
BY VOLTAGE
The 170 kV-550 kV voltage segment dominates the GIS market, with a 42.34% market share in 2023, mainly because of its prevalent usage in high transmission and distribution systems. With an optimal balance between efficiency and capacity, this is preferred by utilities and industries for both urban and rural electrification projects. This range is always in high demand as countries upgrade their power infrastructures and increase their grid capacities.
The above 550 kV segment is the fastest-growing market at a CAGR of 7.09% over the forecast period, primarily due to the growing need for ultra-high-voltage transmission systems to support long-distance electricity transport and renewable energy integration. Over the last few years, connecting remote renewable energy resources, including offshore wind farms and solar parks, to centralized grids, has been in rising demand for GIS solutions at high voltage levels. Also, technological advancements and infrastructure projects to upgrade the network in terms of reliability and efficiency are further driving growth in this segment.
BY END-USE
In 2023, the Utilities segment held the largest market share of around 51.45% of the total market size. Utilities are very crucial for electric power generation, transmission, and distribution. The Governments as well as electricity companies are spending significant time as well as amount on improving old infrastructure, and so a definite demand for an efficient GIS solution is there. Utility requires GIS for high-voltage applications mainly in urban areas where space is a challenge, and traditional switchgear is no longer feasible. However, increased integration needs of renewable energy are driving this further growth as utilities adapt to new sources of energy and build a more resilient grid.
The industrial sector, with a CAGR of 6.65%, is expected to be the fastest-growing sector during the forecast period. This has been driven by the energy requirements of the manufacturing and processing industries, which will need a reliable supply of power to work at an efficient level. The more complex the technologies are in the industries and the more automated they become, the more critical it is to have power transmitted to each component of the operation efficiently. On top of this, an interest in sustainability and efforts toward achieving energy efficiency also at industrial levels are resulting in enhanced investment in modern GIS solutions. Rapid growth has also been featured in this segment.
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In 2023, the Asia-Pacific region dominated the total market share, accounting for 43.67% of the total market share. This was mainly driven by increased rates of urbanization, high demand for electricity, and high investments in infrastructure development sectors across countries like China, India, and Japan. Growth in the industrial sector in this region, coupled with an increasing renewable energy sector, is demanding more efficient and reliable power transmission systems. The other significant reason is that governments treat grid modernization as one of the ways to ensure a stable and secure energy supply, thereby fueling the GIS development process.
Asia-Pacific is expected to have the highest growth rate of CAGR of 6.58% in the forecast period. Growth will be due to continuous urbanization and industrialization activities in that region, which are going to increase the need for higher energy consumption along with more infrastructure build-up. The adoption of renewable sources of energy and smart grid initiatives further challenges the demand in ascending order for GIS solutions in the regions. Regional Countries are focusing on energy usage by controlling the emission factor and, therefore, looking towards advancement in GIS technology to ensure efficient power delivery for reliability across their geospatial landscape.
Some of the major players in the Gas Insulated Switchgear Market are:
Siemens AG (GIS 8DQ1, 8DAB 12)
Schneider Electric (GHA, GCB)
General Electric (GE) (GIS 38kV, 72.5kV GIS)
ABB Ltd. (ELK-04, ELK-03)
Hitachi Energy (Z-3 Series, Z-5 Series)
Mitsubishi Electric (GIS 170 kV, GIS 72.5 kV)
Toshiba Corporation (GIGATAP, GIGATAP-M)
Eaton Corporation (XGIS, R3 Series)
Nissin Electric Co., Ltd. (GIS-CC, GIS-CF)
LS Electric (E-GIS, GSC Series)
Hyundai Electric (GIS 550 kV, GIS 170 kV)
China XD Group (GCGIS, XGIGIS)
S&C Electric Company (Vista Underground, PureWave)
Pars Mavad (PM GIS, PM XGIS)
Crompton Greaves Consumer Electricals Ltd. (GIS 36 kV, GIS 72 kV)
Keco Co., Ltd. (K-GIS, K-EGIS)
General Electric (GE) (B105, B165)
Asea Brown Boveri (ABB) (Type A, Type B)
Bharat Heavy Electricals Limited (BHEL) (BHEL GIS 400kV, BHEL GIS 220kV)
Siemens Energy (SIVACON S8, SIVACON 8PS)
In May 2024, Siemens India announced its plan to invest Rs 519 crore to enhance its gas-insulated switchgear factory in Goa and expand its metro train manufacturing facility in Aurangabad. This investment aims to bolster the company's production capabilities and support future growth.
In April 2024, Godrej Electricals & Electronics, part of Godrej & Boyce, announced securing over Rs 1,000 crore in orders for its Power Infrastructure sector in fiscal year 2024. The orders mainly focus on Air Insulated Switchgear (AIS) and Gas Insulated Switchgear (GIS) substations across India, with project capacities reaching up to 765kV.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 26.87 Billion |
| Market Size by 2032 | USD 46.49 Billion |
| CAGR | CAGR of 6.31% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Installation (Indoor, Outdoor) • by Voltage (Up to 66 kV, 66 kV-170 kV, 170 kV-550 kV, above 550 kV) • by End-Use (Utilities, Industrial, Commercial, Residential, Other) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Siemens AG, Schneider Electric, General Electric (GE), ABB Ltd., Hitachi Energy, Mitsubishi Electric, Toshiba Corporation, Eaton Corporation, Nissin Electric Co., Ltd., LS Electric, Hyundai Electric, China XD Group, S&C Electric Company, Pars Mavad, Crompton Greaves Consumer Electricals Ltd., Keco Co., Ltd., Bharat Heavy Electricals Limited (BHEL), Siemens Energy |
| Key Drivers | • Driving Renewable Energy Growth with GIS Technology for Reliable Power Transmission and Distribution Solutions • Enhancing Power Grids Efficiency and Resilience with GIS Solutions for Urbanization and Industrial Growth |
| Restraints | • Addressing Investment Challenges and Environmental Concerns in GIS Adoption for Sustainable Infrastructure Development |
Ans: The Gas-insulated Switchgear Market is expected to grow at a CAGR of 6.32% during 2024-2032.
Ans: The Gas-insulated Switchgear Market size was USD 26.87 billion in 2023 and is expected to Reach USD 46.49 billion by 2032.
Ans: The major growth factor of the Gas Insulated Switchgear market is the increasing demand for reliable and space-efficient power distribution solutions in urban areas and renewable energy integration.
Ans: The OUTDOOR segment dominated the Gas Insulated Switchgear Market in 2023.
Ans: ASIA PACIFIC region dominated the Gas Insulated Switchgear Market in 2023.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Gas-Insulated Switchgear Production Volumes, by Region (2023)
5.2 Gas-Insulated Switchgear Design Trends (Historic and Future)
5.3 Gas Insulated Switchgear Capacity Utilization (2023)
5.4 Supply Chain Metrics
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Gas Insulated Switchgear Market Segmentation, by Installation
7.1 Chapter Overview
7.2 Indoor
7.2.1 Indoor Market Trends Analysis (2020-2032)
7.2.2 Indoor Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Outdoor
7.3.1 Outdoor Market Trends Analysis (2020-2032)
7.3.2 Outdoor Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Gas Insulated Switchgear Market Segmentation, By Voltage
8.1 Chapter Overview
8.2 Up to 66 kV
8.2.1 Up to 66 kV Market Trends Analysis (2020-2032)
8.2.2 Up to 66 kV Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 66 kV-170 kV
8.3.1 66 kV-170 kV Market Trends Analysis (2020-2032)
8.3.2 66 kV-170 kV Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 170 kV-550 kV
8.4.1 170 kV-550 kV Market Trends Analysis (2020-2032)
8.4.2 170 kV-550 kV Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Above 550 kV
8.5.1 Above 550 kV Market Trends Analysis (2020-2032)
8.5.2 Above 550 kV Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Gas Insulated Switchgear Market Segmentation, by End Use
9.1 Chapter Overview
9.2 Utilities
9.2.1 Utilities Market Trends Analysis (2020-2032)
9.2.2 Utilities Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Industrial
9.3.1 Industrial Market Trends Analysis (2020-2032)
9.3.2 Industrial Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Commercial
9.4.1 Commercial Market Trends Analysis (2020-2032)
9.4.2 Commercial Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Residential
9.5.1 Residential Market Trends Analysis (2020-2032)
9.5.2 Residential Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Others
9.6.1 Others Market Trends Analysis (2020-2032)
9.6.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Gas Insulated Switchgear Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.2.4 North America Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.2.5 North America Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.2.6.2 USA Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.2.6.3 USA Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.2.7.2 Canada Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.2.7.3 Canada Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.2.8.2 Mexico Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.2.8.3 Mexico Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Gas Insulated Switchgear Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.3.1.6.2 Poland Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.1.6.3 Poland Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.3.1.7.2 Romania Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.1.7.3 Romania Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Gas Insulated Switchgear Market Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Gas Insulated Switchgear Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.3.2.4 Western Europe Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.2.5 Western Europe Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.3.2.6.2 Germany Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.2.6.3 Germany Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.3.2.7.2 France Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.2.7.3 France Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.3.2.8.2 UK Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.2.8.3 UK Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.3.2.9.2 Italy Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.2.9.3 Italy Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.3.2.10.2 Spain Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.2.10.3 Spain Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.3.2.13.2 Austria Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.2.13.3 Austria Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Power Management Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Gas Insulated Switchgear Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.4.4 Asia Pacific Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.4.5 Asia Pacific Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.4.6.2 China Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.4.6.3 China Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.4.7.2 India Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.4.7.3 India Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.4.8.2 Japan Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.4.8.3 Japan Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.4.9.2 South Korea Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.4.9.3 South Korea Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.4.10.2 Vietnam Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.4.10.3 Vietnam Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.4.11.2 Singapore Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.4.11.3 Singapore Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.4.12.2 Australia Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.4.12.3 Australia Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Gas Insulated Switchgear Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.5.1.4 Middle East Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.5.1.5 Middle East Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.5.1.6.2 UAE Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.5.1.6.3 UAE Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Gas Insulated Switchgear Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.5.2.4 Africa Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.5.2.5 Africa Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Gas Insulated Switchgear Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.6.4 Latin America Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.6.5 Latin America Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.6.6.2 Brazil Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.6.6.3 Brazil Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.6.7.2 Argentina Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.6.7.3 Argentina Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.6.8.2 Colombia Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.6.8.3 Colombia Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Gas Insulated Switchgear Market Estimates and Forecasts, by Installation (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Gas Insulated Switchgear Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Gas Insulated Switchgear Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
11. Company Profiles
11.1 Siemens AG
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Schneider Electric
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 General Electric (GE)
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 ABB Ltd
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Hitachi Energy
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Mitsubishi Electric
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Toshiba Corporation
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Eaton Corporation
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Nissin Electric Co., Ltd
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 LS Electric
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Installation
Indoor
Outdoor
By Voltage
Up to 66 kV
66 kV-170 kV
170 kV-550 kV
Above 550 kV
By End Use
Utilities
Industrial
Commercial
Residential
Other
Request for Segment Customization as per your Business Requirement: Segment Customization Request
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The Low-Voltage Circuit Breakers Market Size was valued at USD 1.91 billion in 2023 and is expected to reach USD 2.74 billion by 2031 and grow at a CAGR of 4.6% over the forecast period 2024-2031.
Capacitive Stylus Market size was valued at USD 9.4 billion in 2023 and is expected to grow to USD 22.45 billion by 2031 and grow at a CAGR of 11.5% over the forecast period of 2024-2031.
The Operational Technology Market Size was valued at $168.95 billion in 2023 and is expected to reach $310.61 billion at 7.0% CAGR by forecasts 2024-2032
The Insulated Gate Bipolar Transistor Market size is expected to be valued at USD 6.53 Billion in 2023. It is estimated to reach USD 15.15 Billion by 2032 with a growing CAGR of 9.8% over the forecast period 2024-2032.
The Kitchen Appliances Market Size was valued at USD 258.2 Billion in 2023 and will reach USD 410.73 Billion by 2032 & grow at a CAGR of 5.32% by 2024-2032.
The RF Interconnect Market Size was valued at USD 1.50 Billion in 2023 and will reach USD 2.35 Billion by 2032, growing at a CAGR of 5.15% by 2024-2032.
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