Asia Pacific Gas Insulated Switchgear Market Size (2024 - 2029)

The Asia Pacific gas-insulated switchgear market is poised for growth, driven by increasing investments in transmission and distribution infrastructure. Despite challenges such as high equipment costs and stringent regulations, the market has rebounded to pre-pandemic levels. Opportunities for expansion are anticipated through the replacement of outdated switchgear in developed regions. China leads the market, benefiting from substantial investments and favorable government policies, which contribute to its significant growth trajectory.

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Market Size of Asia Pacific Gas Insulated Switchgear Industry

Asia Pacific Gas Insulated Switchgear Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 6.00 %
Market Concentration Medium

Major Players

Asia Pacific Gas Insulated Switchgear Market Major Players

*Disclaimer: Major Players sorted in no particular order

APAC Gas Insulated Switchgear Market Analysis

The Asia Pacific gas-insulated switchgear market is expected to register a CAGR of over 6% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels.

  • Over the medium term, the increasing investments in transmission & distribution infrastructure are expected to drive the market's growth.
  • On the other hand, high equipment costs compared to air-insulated switchgear and stringent environmental and safety regulations related to GIS are expected to hamper the growth of Asia Pacific gas-insulated switchgear during the forecast period.
  • Nevertheless, expanding or replacing old switchgear at substations in developed regions will likely create lucrative growth opportunities for the Asia Pacific gas-insulated switchgear market.
  • China dominates the market and will likely witness the highest CAGR during the forecast period. This growth is attributed to increasing investments and supportive government policies.

APAC Gas Insulated Switchgear Industry Segmentation

Gas-Insulated Switchgear (GIS) is a solid metal encapsulated unit that houses the components such as circuit-breakers and disconnectors, which can be safely operated in confined spaces. GIS is generally used in power transmission applications, integrating renewable power generation units toward the grid, substations, railways, industrial complexes, etc., where the gas-insulated switchgear plays a vital role in protecting and controlling electrical devices.

The Asia Pacific gas-insulated switchgear market is segmented by voltage level, end user, and geography. By voltage level, the market is segmented into low voltage, medium voltage, and high voltage. By end user, the market is segmented into power utilities, industrial sector, commercial and residential. The report also covers the market size and forecasts for Asia Pacific gas-insulated switchgear across major countries. For each segment, the market sizing and forecasts have been done based on revenue (USD Billion).

Voltage Level
Low Voltage
Medium Voltage
High Voltage
End User
Power Utilities
Industrial Sector
Commercial and Residential
Geography
China
India
Japan
South Korea
Rest of Asia-Pacific
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Asia Pacific Gas Insulated Switchgear Market Size Summary

The Asia Pacific gas-insulated switchgear market is poised for significant growth, driven by increasing investments in transmission and distribution infrastructure across the region. The market has rebounded to pre-pandemic levels after the initial setbacks caused by COVID-19. Despite challenges such as high equipment costs compared to air-insulated switchgear and stringent environmental regulations, the market is expected to benefit from opportunities in expanding or replacing old switchgear at substations, particularly in developed regions. China stands out as a dominant player in the market, with substantial investments and supportive government policies fueling its growth. The demand for gas-insulated switchgear is further bolstered by the need for modernizing large transmission and distribution networks, which are essential for accommodating the region's rapidly growing power demand.

The Asia Pacific region, characterized by its high population density and rapid industrialization, has seen a substantial surge in power demand, prompting significant investments in transmission and distribution infrastructure. Gas-insulated switchgear is increasingly favored for long-distance projects due to its eco-friendly attributes, such as reduced land footprint and minimized environmental impact. In China, the expansion of the power transmission network is critical to meet the anticipated energy demand, particularly in coastal provinces where electricity consumption is highest. The region's market is moderately fragmented, with key players like Schneider Electric, General Electric, Eaton, Siemens Energy, and Toshiba Corp. actively participating. Innovations, such as the development of alternatives to sulfur hexafluoride, are also shaping the market landscape, highlighting the ongoing efforts to address environmental concerns associated with traditional switchgear technologies.

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Asia Pacific Gas Insulated Switchgear Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2028

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitute Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Voltage Level

      1. 2.1.1 Low Voltage

      2. 2.1.2 Medium Voltage

      3. 2.1.3 High Voltage

    2. 2.2 End User

      1. 2.2.1 Power Utilities

      2. 2.2.2 Industrial Sector

      3. 2.2.3 Commercial and Residential

    3. 2.3 Geography

      1. 2.3.1 China

      2. 2.3.2 India

      3. 2.3.3 Japan

      4. 2.3.4 South Korea

      5. 2.3.5 Rest of Asia-Pacific

Asia Pacific Gas Insulated Switchgear Market Size FAQs

The Asia Pacific Gas Insulated Switchgear Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

Schneider Electric SE, Eaton Corporation PLC, General Electric Company, Siemens Energy AG and Toshiba Corp. are the major companies operating in the Asia Pacific Gas Insulated Switchgear Market.

Asia Pacific Gas Insulated Switchgear Report Snapshots

Asia Pacific Gas Insulated Switchgear Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)