Gas Insulated Switchgear Market Size to Reach $33.53 billion by 2029 | MarketsandMarketsTM

DELRAY BEACH, Fla. , Dec. 3, 2024 /PRNewswire/ -- The global Gas Insulated Switchgear Market is anticipated to grow from estimated USD 24.

93 billion in 2024 to USD 33.53 billion by 2029, at a CAGR of 6.1% during the forecast period.



This is attributed to the increase in strength across the power distribution infrastructure to meet the high demand for electricity, in addition to increasing investments into renewables and industrial production. In addition, the rapid growth in the deployment of high-voltage direct current (HVDC) systems will further boost market expansion during this period..