Industrial Switchgear Market - Global Industry Size, Share, Trends, Opportunity, and Forecast. Segmented By Insulation (Gas-insulated Switchgears, Air-insulated Switchgears and Others), By Installation (Indoor and Outdoor), By Voltage (Low, Medium and High), By Region, By Competition Forecast & Opportunities, 2018-2028

Market Overview

Key Market Drivers

Increasing Demand for Electricity and Infrastructure Development

Stringent Regulations and Safety Standards

Expansion of Renewable Energy Integration

Key Market Challenges

Technological Advancements and Digitalization

Environmental and Sustainability Regulations

Economic Uncertainty and Market Volatility

Key Market Trends

Smart Grid Integration and Digitalization

Sustainable and Eco-Friendly Solutions

Segmental Insights

Insulation Insights

Regional Insights

Recent Developments

• In April 2023, Siemens expanded its sustainable blue GIS portfolio by introducing the 8DAB 40. This switchgear, designed for primary distribution networks up to 40.5 kV, employs clean air as an insulating medium with a GWP<1. As a result, it is not only environmentally friendly but also completely free of fluorinated gases.
• In February 2023, Toshiba Transmission & Distribution Systems Private Limited (TTDI) announced the receipt of orders for 23 units of 400 kV and nine units of 220 kV gas-insulated switchgear. These orders aim to enhance and develop power transmission and distribution networks, including the construction of a 2X500 MVA substation in Xeldem, Goa, and pooling substations for solar and wind renewable projects in Alamuru and Kodamuru, operating at 400 kV voltage levels.

Key Market Players

• ABB Ltd
• Havells India Ltd.
• Mitsubishi Electric Corporation
• Schneider Electric SE
• Siemens AG
• Eaton Corporation
• Toshiba International Corporation
• Meidensha Corporation
• Hitachi Ltd
• Crompton Greaves Power and Industrial Solutions Limited