According to the latest report of IMARC Group "Gas Insulated Switchgear Market: Global Industry Trends, Share, Scale, Growth, Opportunities and Forecasts 2021-2026", the global gas insulated switchgear market has shown moderate growth during 2015-2020. Looking ahead, the global gas insulated switchgear market will grow at a compound annual growth rate of about 6% from 2021 to 2026.
Gas-insulated switchgear (GIS) refers to a high-voltage unit with a compact metal structure, composed of various components, such as isolating switches, circuit breakers, switches, and relays. It uses insulating media, such as sulfur hexafluoride (SF6), to isolate, control, vacuum and protect electrical equipment under adverse conditions. Compared with air-insulated switchgear, GIS is more flexible, more reliable, more environmentally friendly, more cost-effective, and requires less maintenance. Therefore, it is mainly installed in extensions of industrial plants, buildings and offshore platforms.
The rapid development of smart grids and the increase of investment in renewable energy systems by governments in order to reduce carbon emissions are mainly driving the global GIS market. The progress of urbanization and industrialization has led to an increase in global electricity consumption, which further promotes market growth. In addition, in many emerging economies, GIS is increasingly used to establish efficient distribution channels and transmission lines, which is another growth factor.
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