PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616316
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616316
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 | |
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Start Year | 2023 |
Forecast Year | 2024-2032 |
Start Value | $2.7 Billion |
Forecast Value | $4.7 Billion |
CAGR | 6.4% |