Europe Gas Insulated Switchgear Market Size (2024 - 2029)

The Europe Gas Insulated Switchgear Market is projected to experience growth over the forecast period, driven by increasing investments in transmission and distribution infrastructure. Despite potential challenges posed by the environmental impact of SF6 gas, opportunities are anticipated from the integration of renewable energy into national grids. This dynamic is expected to influence the market's expansion and development in the coming years.

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Market Size of Europe Gas Insulated Switchgear Industry

Europe Gas Insulated Switchgear Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 4.19 Billion
Market Size (2029) USD 6.05 Billion
CAGR (2024 - 2029) 7.62 %

Major Players

Europe Gas Insulated Switchgear Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Gas Insulated Switchgear Market Analysis

The Europe Gas Insulated Switchgear Market size is estimated at USD 4.19 billion in 2024, and is expected to reach USD 6.05 billion by 2029, growing at a CAGR of 7.62% during the forecast period (2024-2029).

  • Over the medium term, increasing investments in transmission and distribution infrastructure are expected to drive the demand for gas-insulated switchgear during the forecast period.
  • On the other hand, SF6 gas used in insulating switchgear is a potent greenhouse gas with a global warming potential that may restrain the market.
  • Nevertheless. plans to integrate renewable energy with the national grids are expected to create a significant amount of opportunity for the gas-insulated switchgear market players in the near future.

Europe Gas Insulated Switchgear Industry Segmentation

Gas-insulated switchgear (GIS) is a type of high-voltage electrical equipment used in power transmission and distribution networks. It is used to control and protect electrical power equipment, such as transformers, circuit breakers, and disconnect switches. GIS uses sulfur hexafluoride (SF6) gas to insulate its electrical components, which allows for smaller, more compact designs compared to traditional air-insulated switchgear. The SF6 gas is also used to extinguish electrical arcs that occur during the operation of the switchgear. GIS is preferred over traditional switchgear in many applications due to its higher reliability, reduced maintenance requirements, and greater safety.

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

Voltage Level
Low Voltage
Medium Voltage
High Voltage
End-User
Commercial & Residential
Power utilities
Industrial sector
Countries
Germany
France
United Kingdom
Spain
Italy
NORDIC
Turkery
Russia
Rest of Europe
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Europe Gas Insulated Switchgear Market Size Summary

The European gas-insulated switchgear market is poised for significant growth over the forecast period, driven by increasing investments in transmission and distribution infrastructure. This growth is further supported by the integration of renewable energy sources into national grids, which presents substantial opportunities for market players. However, the use of SF6 gas in insulating switchgear, known for its potent greenhouse gas properties, poses a challenge to market expansion. Despite this, advancements in technology and strategic partnerships are expected to mitigate these concerns, offering more sustainable alternatives and enhancing the market's appeal.

The market is characterized by its semi-fragmented nature, with key players such as Schneider Electric SE, Siemens AG, Hitachi ABB Power Grids Ltd, General Electric Company, and Eaton Corporation leading the charge. These companies are actively developing innovative solutions to address the challenges of energy transition, focusing on environmentally friendly and efficient products. Notable developments include the introduction of SF6-free technologies and investments in manufacturing capabilities to meet the rising demand. The ongoing expansion of high-voltage transmission lines and supportive governmental policies in countries like Germany further underscore the market's potential for growth during the forecast period.

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Europe 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 2029

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

        1. 1.5.1.1 Increasing Investments in Transmission and Distribution Infrastructure

      2. 1.5.2 Restraints

        1. 1.5.2.1 The restriction on SF6 gas usage

    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 Commercial & Residential

      2. 2.2.2 Power utilities

      3. 2.2.3 Industrial sector

    3. 2.3 Countries

      1. 2.3.1 Germany

      2. 2.3.2 France

      3. 2.3.3 United Kingdom

      4. 2.3.4 Spain

      5. 2.3.5 Italy

      6. 2.3.6 NORDIC

      7. 2.3.7 Turkery

      8. 2.3.8 Russia

      9. 2.3.9 Rest of Europe

Europe Gas Insulated Switchgear Market Size FAQs

The Europe Gas Insulated Switchgear Market size is expected to reach USD 4.19 billion in 2024 and grow at a CAGR of 7.62% to reach USD 6.05 billion by 2029.

In 2024, the Europe Gas Insulated Switchgear Market size is expected to reach USD 4.19 billion.

Europe Gas Insulated Switchgear Market Report Snapshots

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