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PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616316

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PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616316

Asia Pacific Gas Insulated Commercial Switchgear Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032

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PAGES: 110 Pages
DELIVERY TIME: 2-3 business days
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Asia Pacific Gas-Insulated Commercial Switchgear Market was valued at USD 2.7 billion in 2023 and is projected to grow at 6.4% CAGR between 2024 and 2032. This growth is fueled by rapid urbanization, growing energy demand, industrialization, and infrastructure development in the region. The need for reliable, compact, and efficient electrical systems to manage increasing electricity demand while minimizing energy losses is driving market expansion. Gas-insulated switchgear (GIS) is gaining preference over traditional air-insulated systems due to its smaller footprint, higher reliability, and lower maintenance requirements, making it ideal for commercial and industrial applications, particularly in space-constrained urban areas. In terms of voltage, the low-voltage segment is expected to exceed USD 2.2 billion by 2032. This growth is largely driven by the need for effective power distribution in small industrial facilities, urban infrastructure, and commercial buildings.

As renewable energy sources are increasingly integrated into power grids, the demand for compact, low-maintenance, and safe solutions like low-voltage switchgear is rising. Its smaller size compared to traditional systems makes it easier to install in confined spaces, offering high operational reliability. Based on current, the AC segment in the Asia Pacific gas-insulated commercial switchgear market is anticipated to grow at a rate of 6.3% through 2032. AC switchgear is crucial across various applications, from small commercial buildings to large industrial complexes, as it ensures reliable power supply and handles fluctuating loads. As smart grids become more prevalent, there is a greater need for advanced electrical infrastructure capable of managing variable power demands and facilitating the seamless integration of renewable energy sources.

AC gas-insulated switchgear, with its enhanced digital capabilities, supports monitoring and management of power distribution in smart grids, aligning with government and utility investments in future-proof electrical infrastructure. In China, the gas-insulated commercial switchgear market is expected to exceed USD 1.9 billion by 2032, driven by the growing use of data-driven techniques in the power sector. Real-time monitoring, condition-based monitoring, and predictive maintenance are increasingly important to ensure optimal performance and reduce power outage risks, especially in commercial settings. The demand for reliable, space-efficient electrical solutions has surged, with GIS being a preferred option due to its compact design and enhanced safety features.

Market Scope
Start Year2023
Forecast Year2024-2032
Start Value$2.7 Billion
Forecast Value$4.7 Billion
CAGR6.4%
Product Code: 11615

Table of Contents

Chapter 1 Methodology & Scope

  • 1.1 Market definitions
  • 1.2 Base estimates & calculations
  • 1.3 Forecast calculation
  • 1.4 Data sources
    • 1.4.1 Primary
    • 1.4.2 Secondary
      • 1.4.2.1 Paid
      • 1.4.2.2 Public

Chapter 2 Industry Insights

  • 2.1 Industry ecosystem analysis
  • 2.2 Regulatory landscape
  • 2.3 Industry impact forces
    • 2.3.1 Growth drivers
    • 2.3.2 Industry pitfalls & challenges
  • 2.4 Growth potential analysis
  • 2.5 Porter's analysis
    • 2.5.1 Bargaining power of suppliers
    • 2.5.2 Bargaining power of buyers
    • 2.5.3 Threat of new entrants
    • 2.5.4 Threat of substitutes
  • 2.6 PESTEL analysis

Chapter 3 Competitive landscape, 2024

  • 3.1 Strategic dashboard
  • 3.2 Innovation & sustainability landscape

Chapter 4 Market Size and Forecast, By Voltage, 2021 - 2032 (USD Million, '000 Units)

  • 4.1 Key trends
  • 4.2 Low
  • 4.3 Medium
  • 4.4 High

Chapter 5 Market Size and Forecast, By Current, 2021 - 2032 (USD Million,' '000 Units)

  • 5.1 Key trends
  • 5.2 AC
  • 5.3 DC

Chapter 6 Market Size and Forecast, By Country, 2021 - 2032 (USD Million, '000 Units)

  • 6.1 Key trends
  • 6.2 China
  • 6.3 Australia
  • 6.4 India
  • 6.5 Japan
  • 6.6 South Korea

Chapter 7 Company Profiles

  • 7.1 ABB
  • 7.2 Chint Group
  • 7.3 E + I Engineering
  • 7.4 Eaton Corporation
  • 7.5 Fuji Electric
  • 7.6 Hitachi
  • 7.7 Hyosung Corporation
  • 7.8 Hyundai Electric & Energy Systems
  • 7.9 Lucy Group
  • 7.10 Mitsubishi Electric Corporation
  • 7.11 Powell Industries
  • 7.12 Regal Rexnord Corporation
  • 7.13 Siemens
  • 7.14 Schneider Electric
  • 7.15 Skema
Have a question?
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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