April 2025
The global HV/EHV GIS market is driving compact, high-voltage solutions for modern substations with growing demand for reliable grid infrastructure. The market growth is attributed to surging investments in smart grid modernization, rising renewable integration, and high demand for compact and resilient substation technology. Stringent regulations regarding safety and environmental compliance are also supporting market growth.
The market is experiencing rapid growth due to the increasing demand for reliable power transmission infrastructure, where GIS plays a vital role. The increasing global population, urbanization, and industrialization is boosting the electricity demand, which is likely to influence the market growth. The rapid transition toward renewables and the need for efficient, low-footprint transmission options are also boosting the market growth. As utilities and governments focus on reducing footprint, lower maintenance costs, and enhancing reliability in extreme conditions, the adoption of HV/EHV GIS increases to meet changing load demands and stabilize operations.
Asia Pacific maintained dominance in the HV/EHV GIS market by holding the largest share in 2024. This is mainly due to increasing investments in infrastructure development, rapid urbanization, and renewable energy expansion, particularly in China, India, and Southeast Asia. Focus on grid modernization and government-led energy projects further solidifies its leading position in the market. The growing focus on upgrading aging grids and integrated renewable energy sources further propels the demand for GIS systems, as they play a crucial role in ensuring efficient, stable, and compact solutions for high-voltage transmission.
The Middle East & Africa is expected to grow at the fastest rate during the forecast period, driven by rising upgradation and modernization of aging grids, new urban electrification projects, and the development of new greenfield energy hubs. Utilities and oil-and-gas stakeholders across the region are making strategic investments in GIS systems. Moreover, increasing investments in energy infrastructure and industrial expansion contribute to regional market growth.
Report Attribute | Key Statistics |
Quantitative Units | Revenue in USD million/billion, Volume in units |
Largest Market | Asia Pacific |
Base Year | 2024 |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
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