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Asia Pacific to emerge as the largest Gas Insulated Switchgear Industry.

During the forecast period, Asia Pacific is anticipated to hold the largest market share in the global Gas Insulated Switchgear Market. This prominence is expected to be driven by the rapid industrial growth observed in the region. Major economies, including China, Japan, and India, have established ambitious targets to diversify their energy sources in the coming years. Additionally, the increasing urbanization in the region is leading to a decrease in available space, which could serve as a driving factor for the growth of gas insulated switchgear in Asia Pacific.

Key Market Players:

Key players in the global Gas Insulated Switchgear Companies include ABB (Switzerland), General Electric (US), Siemens (Germany), Schneider Electric (France), and Eaton (Ireland).

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Recent Developments

·  In April 2022, ABB and Samsung Electronics joined forces to collaboratively develop technologies focused on energy conservation, energy management, and the intelligent integration of the Internet of Things (IoT) in residential and commercial buildings.

·  In August 2020, Schneider Electric finalized a transaction that merged its Low Voltage and Industrial Automation business in India with Larsen & Toubro's Electrical and automation business.

·  In December 2021, ABB entered into a four-year framework agreement with Italy's Transmission System Operator (TSO), Terna, responsible for managing and distributing energy throughout the country. The contract entails the supply of ABB's Gas-Insulated Switchgear (GIS), a technology that significantly reduces the physical footprint of equipment in comparison to traditional air-insulated switchgear substations, often by a factor of one-tenth.

Browse Adjacent Markets: Energy and Power Market Research Reports & Consulting

Related Reports:

Switchgear Market by Insulation (Gas-insulated Switchgears, Air-insulated Switchgears), Installation (Indoor, Outdoor), Current (AC, DC), Voltage (Low (up to 1 kV), Medium (2–36 kV), High (Above 36 kV), End User and Region - Global Forecast to 2027

DC Switchgear Market by Voltage (Up to 750 V, 750 V to 1,800 V, 1,800 V to 3,000 V, 3,000 V to 10 kV and Above 10 kV), Deployment Type (Fixed Mounting, Plug-In, and Withdrawable Units), Application, and Region - Global Forecast to 2026

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