Gas Insulated Switchgear Market Size, Share & Trends Analysis Report By Installation (Indoor, Outdoor), By Voltage (Up to 66 kV, 66 kV-170 kV, 170 kV-550 kV, Above 550 kV), By Region, And Segment Forecasts, 2023 To 2030

Gas-insulated switchgear is a solid metal compact device that involves various high-voltage elements such as circuit breakers and disconnectors. The switchgear is highly flexible and reliable as compared to other products. The identified factors, such as low maintenance, lower operating costs, small space requirement, and protection against the ecological process, will likely boost product demand, causing market development.

As there is an increase in renewable energy sources such as solar and wind, the requirement for energy distribution will likely grow in the future & it will act as an essential driver for gas insulated switchgear market. In addition to that, the demand for safe transmission of electrical energy in the residential and commercial sectors will observe positive growth. Also, as the countries focus on net zero carbon emission goals, it will further boost the requirement for gas-insulated switchgear.

However, the Sulphur hexafluoride (SF6) gas used in the gas-insulated switchgear market is a greenhouse gas. It causes the greenhouse effect and acts as a detrimental to the environment. Hence excessive use of the gas should not be encouraged. This is the primary restraint of the market. In addition, the gas-insulated switchgear requires considerable maintenance, and the cost of the gas-insulated switchgear is comparatively higher than the conventional switchgear. Lastly, any internal fault makes it difficult to recover the damaged part of the substation. For instance, in an article published by the United States Environmental Protection Agency on February 2023, the California Air Resources Board (CABR) regulated in reduction of Sulphur Hexafluoride (SF6) emission from gas-insulated switchgear in 2011. This law is applied to all owners of SF6 insulated switch gears and imposes a reduction of SF6 emissions by 1 % from 2011 to 2020. The CARB has also proposed discontinuing the use of SF6 in gas-insulated equipment by 2025.

The COVID-19 pandemic had a negative impact on the gas-insulated switchgear market. Due to the pandemic and strict lockdown measures, the procurement of raw materials such as SF6 gas used in manufacturing gas-insulated switchgear has been negatively impacted. The transfer of manufactured products was impacted heavily due to the strict lockdown measures and travel restrictions imposed by various national governments. It resulted in an increase in inventory, impacting the cash flow cycles. Due to COVID-19, critical industries such as construction and automobile have witnessed negative growth, further percolating into the gas-insulated switchgear demand.

Gas Insulated Switchgear Market Segmentation

• By Installation

  • Indoor

  • Outdoor

• By Voltage

  • Up to 66 kV

  • 66 kV-170 kV

  • 170 kV-550 kV

  • Above 550 kV

• By Region

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • Thailand

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait

Key players

• ABB

• General Electric

• Siemens

• Schneider Electric

• Eaton

• Mitsubishi Electric Corporation

• Hitachi, Ltd

• Hyundai Motor Company

• Fuji Electric Co. Ltd.

• Toshiba Energy Systems & Solutions Corporation