Companies Dominating the Gas Insulated Substation Market
- General Electric Company
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Toshiba Corporation
- Hitachi, Ltd.
- Siemens AG
- ABB Ltd.
- Johnson Controls International plc
- Honeywell International Inc.
- Energate, Inc
- Yokogawa Electric Corporation
- Schneider Electric
Key players have identified the need for offering government and sustainable-compliant products. They have ramped up investments and strategic partnerships to switch from SF6 to SF6-free systems. The phase out is facilitated by increasing the production capacity of innovative alternatives, product launches, mergers and acquisitions, and geographical expansions. Some of the prominent players operating in the gas insulated substation (GIS) market include:
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of gas insulated substations is estimated at USD 36.48 billion.
The gas insulated substation market size was valued at USD 33.85 billion in 2024 and is likely to cross USD 112.78 billion by 2037, registering more than 9.7% CAGR during the forecast period i.e., between 2025-2037. The growing electricity consumption and demand across the globe will fuel the market growth.
Asia Pacific industry is estimated to dominate majority revenue share of 42% by 2037, attributed to evolving energy infrastructure, and increasing energy consumption, driven by growing industrialization in developing countries.
The major players in the market are General Electric Company, Toshiba Corporation, Hitachi, Ltd., Siemens AG, ABB Ltd., Johnson Controls International plc, Honeywell International Inc., Energate, Inc, Yokogawa Electric Corporation, Schneider Electric
