The Gas-Insulated Substation Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Gas-Insulated Substation Market?
The market size for gas-insulated substations has significantly increased in the recent past. In 2024, it was valued at $24.45 billion and is predicted to reach $27.05 billion in 2025, marking a compound annual growth rate (CAGR) of 10.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Gas-Insulated Substation Industry?
The market for gas-insulated substations is anticipated to expand to $40.84 billion by the year 2029, growing at a compound annual growth rate (CAGR) of 10.9%.
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What are the Key Growth Drivers Fueling the Gas-Insulated Substation Market?
The key drivers in the gas-insulated substation market are:
• Regulatory support and environmental concerns stimulating the market
• Rising demand for compact and high-efficiency substations
• Emphasis on improving grid resilience and reliability
• Increased modernization initiatives and transition towards renewable energy sources
Global Market Segmentation: Identifying Major Gas-Insulated Substation Industry Segments
The gas-insulated substation market covered in this report is segmented –
1) By Voltage: Medium Voltage, High Voltage, Extra High Voltage
2) By Installation: Indoor, Outdoor
3) By Application: Power Transmission, Power Distribution, Power Generation
4) By End-User: Power Utilities, Industrial Sector, Commercial And Residential Sector
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What are the Emerging Trends Shaping the Future of the Gas-Insulated Substation Market?
The key trends in the gas-insulated substation market are:
• The market is expected to be shaped by product innovations within the sector.
• Technological advancements in gas-insulated substations are looming on the horizon.
• There is a rising focus on grid reliability which is anticipated to influence the market.
• Integration of renewable energy into gas-insulated substations is another emerging trend to watch.
Who Are the Top Competitors & Leading Players in the Gas-Insulated Substation Market?
Major companies in the gas-insulated substation market are:
• Hitachi Ltd.
• Larsen & Toubro Limited
• Eaton Corporation PLC
• CG Power and Industrial Solutions Limited
• Schneider Electric SE
• Bharat Heavy Electricals Limited
• Elsewedy Electric Co S.A.E.
• Powell Industries Inc.
• Hyosung Corporation
• Fuji Electric Co. Ltd.
• Hyundai Heavy Industries Co. Ltd.
• ABB Ltd.
• Siemens AG
• Toshiba Corporation
• General Electric
• Mitsubishi Electric Corporation
• Tbea Co. Ltd.
• Entec Electric & Electronic Co. Ltd.
• ILJIN Electric
• Nissin Electric
• Meidensha Corporation
• LUCY ELECTRIC INDIA PRIVATE LIMITED
• Chint Group
• SEL S.P.A.
• ERICO International Corporation
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the gas-insulated substation market share in 2024 and is expected to be the fastest-growing region in the forecast period
