Gas Insulated Substation Market Research, 2033
The global gas insulated substation market size was valued at $25.9 billion in 2023, and is projected to reach $114.1 billion by 2033, growing at a CAGR of 16.7% from 2024 to 2033.
Market Definition and Overview
A gas insulated substation (GIS) is a compact, high-voltage substation in which the major electrical components are encapsulated in a gas-insulated metal enclosure, typically filled with sulfur hexafluoride (SF₆) gas. This gas serves as an insulating and arc-quenching medium, enabling the substation to operate at high voltages with minimal space requirements. GIS technology is used in areas where space is limited, such as urban environments or rugged terrains, and provides enhanced reliability and safety compared to conventional air-insulated substations. Its compact design reduces maintenance needs and exposure to environmental factors, making it ideal for high-voltage transmission and distribution networks where space, environmental impact, and system stability are critical considerations.
Key Takeaways
- The gas insulated substation market study covers 20 countries. The research includes a segment analysis of each country in terms of value ($billion) for the projected period from 2024 to 2033.
- More than 1, 500 product literatures, industry releases, annual reports, and other such documents of major gas insulated substation industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
- The study integrates high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and assist stakeholders in making informed decisions in order to achieve their most ambitious growth objectives.
Key Market Segments
- By Voltage
- Medium
- High
- Extra-High
- Ultra-High
- By Installation
- By End-User
- Power Distribution
- Transmission
- Generation
- Infrastructure
- By Region
- North America
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of LAMEA
Key Market Players
- Toshiba Corp
- CG Power and Industrial Solutions Ltd
- Hitachi Ltd.
- Mitsubishi Electric Corporation
- ABB Ltd
- General Electric Company
- Schneider Electric SE
- Eaton Corporation plc
- Siemens AG
- Larsen & Toubro Limited