South Korea Gas-insulated Switchgear Market was valued at USD 2 Billion in 2022 and is projected to reach USD 3.2 Billion by 2030, growing at a CAGR of 6.3% from 2024 to 2030.
The South Korea Gas-insulated Switchgear (GIS) market has seen significant growth in recent years, driven by increasing demand for efficient and reliable power transmission systems. GIS technology is essential in ensuring a stable and safe electrical infrastructure, particularly in urban and industrial settings. The compact design of GIS, which uses sulfur hexafluoride gas as an insulating medium, makes it ideal for installations in locations with limited space. With its ability to operate under extreme environmental conditions, GIS has become a preferred choice for power utilities, industrial plants, and renewable energy installations across South Korea.
Industries that rely heavily on GIS systems, such as energy, manufacturing, and infrastructure, have specific application requirements. In the energy sector, GIS is employed to enhance the performance of substations, where high voltage switching and protection are critical. These systems help prevent power outages and improve the efficiency of power distribution. In manufacturing plants, GIS is used to ensure the continuous operation of machinery and equipment by safeguarding against electrical faults. Additionally, industries such as oil and gas, transportation, and telecommunications leverage GIS technology to maintain their electrical infrastructure, which is crucial for seamless operations.
South Korea’s rapid industrialization and growing urbanization have resulted in a higher demand for advanced electrical systems. With the rise in population and the expansion of smart cities, the need for reliable power distribution systems that minimize space usage has never been greater. GIS offers the advantage of maintaining high performance in a compact form, making it ideal for urban environments where real estate is limited. Moreover, the technology is highly resistant to environmental challenges such as high humidity, dust, and pollution, which are prevalent in industrial zones.
The adoption of GIS systems is also propelled by the increasing focus on renewable energy sources. South Korea is making strides toward reducing its carbon footprint and integrating renewable energy into the national grid. GIS technology supports this transition by enabling more efficient power distribution from renewable energy sources such as solar and wind, which often require complex grid systems to manage fluctuating outputs.
As South Korea continues to invest in modernizing its electrical infrastructure, the demand for GIS technology is expected to grow. Businesses and industries are increasingly looking for solutions that enhance reliability, minimize maintenance, and maximize the lifespan of electrical equipment. The Gas-insulated Switchgear market in South Korea is set to play a pivotal role in meeting these requirements, ensuring a stable and sustainable energy future for the country.
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ABB
Siemens
CG
GE
Mitsubishi
Fuji Electric
Schneider
Hyundai
NHVS
CHINT Group
Hitachi
Toshiba
Pinggao Electric
Xi'an XD
Sieyuan Electric
Shandong Taikai
Shanghai Zonfa Electric
Daqo Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Gas-insulated Switchgear Market
Gas-insulated Circuit Breaker (GCB)
Gas-insulated Busbar (GIB)
Gas-insulated Disconnect Switch (GIS)
Gas-insulated Load Break Switch (GLBS)
Low Voltage (up to 1kV)
Medium Voltage (1kV – 72.5kV)
High Voltage (72.5kV – 800kV)
Ultra High Voltage (>800kV)
SF6 Gas-insulated Switchgear
Hybrid Gas-insulated Switchgear
Other Insulation Types
Indoor Gas-insulated Switchgear
Outdoor Gas-insulated Switchgear
Transmission Networks
Distribution Networks
Renewable Energy Systems
Industrial Applications
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Gas-insulated Switchgear Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Gas-insulated Switchgear Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Gas-insulated Switchgear Market, By Type
6. South Korea Gas-insulated Switchgear Market, By Application
7. South Korea Gas-insulated Switchgear Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Gas-insulated Switchgear Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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