The global Gas Insulated Switchgear (GIS) market was valued at USD 21.02 billion in 2024 and is expected to grow significantly, reaching USD 22.67 billion in 2025. By 2033, the market is projected to hit USD 41.54 billion, expanding at a robust Compound Annual Growth Rate (CAGR) of 7.86% during the forecast period from 2025 to 2033.
This growth is largely attributed to the increasing demand for electricity, urbanization, and the ongoing focus on upgrading and expanding power grids worldwide. Gas Insulated Switchgear provides essential safety and efficiency features, making it an integral part of the modern electrical infrastructure.
Industry Key Trends
Rising Adoption of Smart Grids: The integration of GIS in smart grid systems for enhanced automation, monitoring, and control is driving the market’s growth.
Expansion of Renewable Energy: The shift towards renewable energy sources such as wind and solar has increased the need for efficient transmission and distribution networks, bolstering the demand for GIS.
Technological Advancements: Ongoing advancements in gas-insulated switchgear technologies, such as the development of eco-friendly SF6 alternatives, are contributing to the market’s growth.
Growing Industrialization in Emerging Economies: Emerging markets, especially in Asia-Pacific (APAC) and Latin America, are seeing rapid industrialization, boosting the demand for GIS.
Integration of GIS in Substations: The growing trend of deploying GIS in substations for enhanced safety, reliability, and space-saving capabilities is pushing the market further.
Gas Insulated Switchgear Market Size and Share
The Gas Insulated Switchgear market is expected to maintain a positive growth trajectory, driven by the following factors:
Growing Power Demand: Increased electricity consumption and the expansion of power grids globally are creating a need for more reliable and durable electrical equipment like GIS.
Government Investments: Government initiatives and investments in upgrading infrastructure are contributing significantly to the growth of the GIS market.
Technological Innovation: Continuous advancements in GIS technology, including eco-friendly solutions and reduced operational costs, are likely to fuel the market further.
The market is expected to be led by key players who have established strong brands and product offerings, including General Electric Company, Hitachi Ltd, and Siemens Energy AG, among others.
Regional Trends
The GIS market exhibits varying growth dynamics across different regions. Below is a breakdown of regional trends:
North America
The North American GIS market is expected to grow significantly, driven by investments in grid modernization, the need for reliable electricity infrastructure, and the adoption of renewable energy sources.
The U.S. is a key contributor to this growth due to the expansion of electric transmission networks and increasing government emphasis on energy-efficient systems.
Asia-Pacific (APAC)
The Asia-Pacific region, particularly countries like China, India, and Japan, is anticipated to dominate the global GIS market. The rapid industrialization, urbanization, and growing demand for electricity in these countries are key drivers.
China, with its ongoing infrastructure development and push for clean energy, is one of the largest markets for GIS globally.
Europe
Europe is another significant region in the GIS market, especially with countries such as Germany, the UK, and France leading in power grid enhancements.
The European Union’s commitment to sustainable energy and grid automation is driving GIS adoption.
High investments in renewable energy projects and the ongoing modernization of power systems are crucial growth factors.
Latin America, Middle East, and Africa (LAMEA)
The LAMEA region is witnessing significant growth in GIS demand, especially in Latin America and the Middle East.
Brazil, Saudi Arabia, and the UAE are investing heavily in their electrical grids, which is creating new opportunities for GIS manufacturers.
Gas Insulated Switchgear Market Segmentation
The Gas Insulated Switchgear market is segmented based on voltage level and end-user applications.
By Voltage Level (2021-2033)
Low Voltage
Medium Voltage
High Voltage
By End-User (2021-2033)
Power Utilities
Industrial Sector
Commercial and Residential
Top Players in Gas Insulated Switchgear Market
General Electric Company
Hitachi Ltd
Eaton Corporation PLC
Bharat Heavy Electricals Limited
Powell Industries Inc.
Schneider Electric SE
Toshiba Corp.
Hyosung Heavy Industries Corp.
Siemens Energy AG.
Conclusion
The Gas Insulated Switchgear (GIS) market is poised for substantial growth, driven by advancements in energy infrastructure, increased adoption of renewable energy, and the growing need for reliable electrical distribution systems. With the projected market size reaching USD 41.54 billion by 2033, the GIS market offers promising opportunities for businesses and stakeholders in the electrical and energy sectors.
As countries worldwide continue to modernize their power grids, the GIS market’s demand will only increase, making it an essential area of focus for power utilities, industrial players, and commercial developers. The key players in the market are expected to continue innovating, driving the adoption of GIS across regions, particularly in North America, APAC, Europe, and LAMEA. To stay ahead in this fast-evolving market, companies must invest in research, development, and strategic partnerships to meet the growing demand for smart, eco-friendly, and high-performance GIS solutions.
