Gas Insulated Substation Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Gas Insulated Substation Market Forecast and it is Segmented by Voltage (Medium Voltage, High Voltage, and Extra High Voltage), End-User (Power Utilities, Industrial Sector, and Commercial and Residential Sector), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa)

Gas Insulated Substation Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Gas Insulated Substation Market Size

Gas Insulated Substation Market Size
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 3.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Gas Insulated Substation Market Key Players

*Disclaimer: Major Players sorted in no particular order

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Gas Insulated Substation Market Analysis

The Gas Insulated Substation Market is expected to register a CAGR of greater than 3% during the forecast period.

  • The power utilities sector is expected to be the fastest-growing market during the forecast period, owing to factors like growing demand for reliable power supply and an increase in investments on the power infrastructure.
  • Globally, the focus has increased on investments in clean energy projects and the development of renewable energy. As a result, the extensive development of new renewable projects, and rising electricity usage is likely to create an excellent opportunity for the gas-insulated substation market in the future.
  • Asia-Pacific has dominated the gas-insulated substation market in recent years and is expected to be the fastest-growing market in the forecast period, with the majority of the demand coming from China and India.

Gas Insulated Substation Industry Overview

The gas-insulated substation market is partially fragmented. Some of the key players in this market include ABB Ltd, Toshiba Corp, Mitsubishi Electric Corporation, General Electric Company, and Siemens AG.

Gas Insulated Substation Market Leaders

  1. ABB Ltd

  2. Toshiba Corp

  3. Mitsubishi Electric Corporation

  4. General Electric Company

  5. Siemens AG

  6. *Disclaimer: Major Players sorted in no particular order
"ABB Ltd,  Toshiba Corp,  Mitsubishi Electric Corporation,  General Electric Company,  Siemens AG"
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Gas Insulated Substation Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2025
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Voltage
    • 5.1.1 Medium Voltage
    • 5.1.2 High Voltage
    • 5.1.3 Extra High Voltage
  • 5.2 End-User
    • 5.2.1 Power Utilities
    • 5.2.2 Industrial Sector
    • 5.2.3 Commercial and Residential Sector
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.2 Europe
    • 5.3.3 Asia-Pacific
    • 5.3.4 South America
    • 5.3.5 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 General Electric Company
    • 6.3.2 Hitachi, Ltd.
    • 6.3.3 Larsen & Toubro Limited
    • 6.3.4 ABB Ltd
    • 6.3.5 Siemens AG
    • 6.3.6 CG Power and Industrial Solutions Ltd
    • 6.3.7 Mitsubishi Electric Corporation
    • 6.3.8 Hyosung Corp
    • 6.3.9 Bharat Heavy Electricals Limited
    • 6.3.10 Toshiba Corp
    • 6.3.11 Elsewedy Electric Co S.A.E.
    • 6.3.12 Schneider Electric SE
    • 6.3.13 Powell Industries, Inc.
    • 6.3.14 Tbea Co. Ltd.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Gas Insulated Substation Industry Segmentation

The gas insulated substation market report includes:

Voltage Medium Voltage
High Voltage
Extra High Voltage
End-User Power Utilities
Industrial Sector
Commercial and Residential Sector
Geography North America
Europe
Asia-Pacific
South America
Middle-East and Africa
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Gas Insulated Substation Market Research FAQs

What is the current Gas Insulated Substation Market size?

The Gas Insulated Substation Market is projected to register a CAGR of greater than 3% during the forecast period (2025-2030)

Who are the key players in Gas Insulated Substation Market?

ABB Ltd, Toshiba Corp, Mitsubishi Electric Corporation, General Electric Company and Siemens AG are the major companies operating in the Gas Insulated Substation Market.

Which is the fastest growing region in Gas Insulated Substation Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Gas Insulated Substation Market?

In 2025, the Asia Pacific accounts for the largest market share in Gas Insulated Substation Market.

What years does this Gas Insulated Substation Market cover?

The report covers the Gas Insulated Substation Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Gas Insulated Substation Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Gas Insulated Substation Industry Report

Statistics for the 2025 Gas Insulated Substation market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Gas Insulated Substation analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.