Gas Insulated Switchgear Market Growth Projections: What to Expect by 2028
The global gas insulated switchgear market is set for significant expansion by 2028, driven by rapid urbanization, the growing demand for renewable energy, advancements in smart grid technology, and stricter environmental regulations. gas insulated switchgear technology, known for its compact design, reliability, and ability to handle high voltage in confined spaces, is becoming increasingly essential in modern electrical infrastructure. As the world transitions toward cleaner energy and smarter grids, gas insulated switchgear will play a key role in shaping the future of power distribution.
1. Market Growth Forecast
According to Stratview Research, the gas insulated switchgear market was estimated at USD 23 billion in 2022 and is likely to grow at a CAGR of 6.27% during 2023–2028 to reach USD 33.23 billion in 2028.
This growth is primarily attributed to increasing global energy demand, particularly in developing countries where urbanization and industrialization are accelerating. Regions such as Asia-Pacific, Latin America, and the Middle East are expected to see significant investments in energy infrastructure, including gas insulated switchgear installations, as governments focus on expanding and modernizing their electrical grids.
Urban centers in these regions are often space-constrained, making gas insulated switchgear an ideal solution due to its smaller footprint compared to traditional air-insulated switchgear (AIS). Additionally, the rising need for reliable power distribution to support economic development will further drive gas insulated switchgear adoption.
2. Integration of Renewable Energy Sources
The global push for renewable energy sources is another major factor expected to influence gas insulated switchgear market growth. As countries strive to meet climate goals by integrating more wind, solar, and hydroelectric power into their grids, gas insulated switchgear will be crucial in managing these variable energy sources. gas insulated switchgear technology allows for efficient, reliable power transmission from renewable energy plants, reducing losses and ensuring grid stability.
Offshore wind farms, in particular, are creating strong demand for gas insulated switchgear due to its compact size and ability to operate in harsh conditions. With the growing emphasis on decarbonization, gas insulated switchgear is set to become an integral component in sustainable energy infrastructures worldwide.
3. Technological Advancements and Smart Grids
As smart grids become more prevalent, the need for sophisticated switchgear systems that enable real-time monitoring, automation, and enhanced power management is rising. GIS manufacturers are developing advanced systems equipped with sensors, monitoring software, and IoT capabilities to meet the demands of modern power grids. By 2028, smart grids will heavily rely on gas insulated switchgear to optimize energy flow, reduce outages, and enhance overall grid efficiency.
4. Sustainability and Environmental Regulations
By 2030, environmental regulations will further impact the gas insulated switchgear market. The shift away from sulfur hexafluoride (SF6), a potent greenhouse gas used in traditional gas insulated switchgear, toward eco-friendly alternatives will shape the future of the industry. Manufacturers are exploring alternative insulating materials with lower environmental impacts, positioning gas insulated switchgear as a greener solution for sustainable power distribution.
Conclusion
By 2028, the gas insulated switchgear market is poised for substantial growth, driven by the increasing demand for reliable energy, renewable integration, and smart grid technologies. As environmental sustainability becomes a top priority, gas insulated switchgear will evolve to meet the challenges of a decarbonized, technologically advanced, and increasingly urbanized world.