Italy High Voltage Switchgear Market Size, Share, Growth, Trends, and Industry Analysis: By Product (Gas Insulated (GIS), Air Insulated (AIS) and Others), By End User (Power Generation, Power Transmission, Power Distribution and Industrial) and Country 

Italy high voltage switchgear market size was valued at US$ 296.0 million in 2019 and US$ 312.8 million in 2023 with a CAGR of 1.4% during the historic years. In 2024, the market valued at US$ 283.8 million and is expected to witness a CAGR of 4.2% over the forecast period (2024 - 2030) and is estimated to be valued at US$ 362.4 million in 2030. 

The increasing electricity demand primarily drives the market, the expanding implementation of smart grid technology, and the ongoing investment in upgrading transmission and distribution systems. Italy's outdated electrical infrastructure must be updated to efficiently integrate renewable energy sources and fulfill the country's rising electricity demands. There is a significant market for high-voltage switchgear solutions that increase performance and reliability due to the need to upgrade outdated systems.

The Italian high-voltage switchgear market is growing, as seen by recent advancements. To assist the development of new technologies and promote innovation in the switchgear industry,

Key Players  

The HV switchgears market players in Italy are Hitachi Energy Ltd., ABB Ltd, Toshiba, Siemens, Schneider Electric, General Electric and Others.

In the HV switchgears in Italy, top key players like Hitachi Energy formerly known as Hitachi ABB Power Grids. It focuses on Energy solutions and Power Grid. In October 2021 the rebranding of Hitachi Energy occurred, following a joint venture between Hitachi Ltd and ABB power grids in 2020. It’s headquartered in Switzerland, employing around 45,000 people in 90 countries and generating business volumes of approximately US$ 10 billion. Moreover, Siemens is a major player in the Italian high-voltage (HV) switchgears, supporting renewable energy initiatives and the nation's energy infrastructure. A Siemens division called Siemens Energy has been actively involved in several initiatives to improve Italy's electrical system and include renewable energy sources. Siemens Energy, a separate entity, focuses on the generation, transmission, and distribution of electrical power. They are involved in renewable energy projects, including wind and solar power, and provide solutions for both conventional and renewable energy sources.

Key Takeaways

• Based on product, the gas-insulated segment recorded US$ 221.8 million of the market in 2023.
• Based on end users, the power transmission segment recorded US$ 125.1 million of the market in 2023.

Facts & Figures

• In 2022, according to the Ministry of Ecological Transition, more than 40% of the energy produced in Italy came from renewable. These increases in renewable energy capacity have created the demand for high-voltage switchgear able to manage the complexities of balancing power supply from intermittent sources like wind and solar.
• Italy’s last NECP, published in December 2019, set a preliminary goal of a 33% reduction compared to 2005 GHG emissions by 2030. While it is on track to meet this target, Italy will need to reshape its energy systems to keep pace with the more ambitious reductions linked to the EU’s binding targets.
• According to estimates provided by Terna, the company entrusted with the Italian national electricity transmission grid and headed by Giuseppina Di Foggia, the demand for electrical energy in Italy reached 31.3 billion kWh in July 2024, up 4.5% compared with the corresponding month of July 2023 and the highest figure of July's monthly consumption since 2015.
• In 2023, according to data from the Italian transmission grid operator Terna, Italian electricity consumption was 306.1 billion kWh. There was an increase in production from renewable sources, which covered an overall 36.8% of demand last year, compared to 31% in 2022.
• As per the country's National Institute of Statistics, ISTAT, industrial production increased by about 7% in 2021 compared to 2020, thereby supporting continuous demand for high-voltage switchgear to supply power to the expanding industries.
• In 2021, industries sector consumed energy of 24.6% in Italy, whereas Transport and residential consumed 29.7% and 26% respectively leading to the importance of installation of switchgears.

Key Developments

• In 2023, Hitachi Hitachi Energy completed acquisition of COET, the acquisition of COET by Hitachi Energy, a preeminent international technology firm dedicated to developing a sustainable energy future, has been finalised.
• In 2022, Toshiba Company Introduced 72.5 KV SF6 Free Gas Insulated Switchgear with the brand AEROXIA. These products support the digitalization of substations and can be equipped with monitoring and diagnostic systems compliant with the IEC61850 standard.
• In 2021, Hitachi Energy, a global technology leader, has launched SF6-free products EconiQ, a new technology that will tackle emissions of sulfur hexafluoride (SF6), 80 percent of which come from the power sector.
• In 2020, Hitachi Completed Acquisition of ABB Power Grids. The new company, Hitachi ABB Power Grids Ltd (“Hitachi ABB Power Grids”) was launched and began operation in 2020.
• In 2019, ABB signed a four-year framework contract worth more than $100 million with Italy’s transmission system operator (TSO), Terna. The TSO is responsible for securing and dispatching electricity throughout the country. Terna would utilize advanced technology from ABB to strengthen Italy’s grid.

Italy High Voltage Switchgear Market Segmentation

By Product Type: The HV Switchgears industry divisions based on the Product are of Gas Insulated (GIS), Air Insulated (AIS) and Others. Gas Insulated segment accounted for US$ 209.8 million in the market in 2019 and has grown with a CAGR of 1.4% over the historic years (2019-2023). The segment recorded US$ 221.8 million of the market in 2023 and is projected to grow at a CAGR of 4.2% over the forecast period to reach US$ 257.1 million by 2030. The segment is projected to create an opportunity of US$ 55.8 million opportunities over the forecast period (2024 - 2030)

By End-user: Under End Users, the segment is further sub-divided into Power Generation, Power Transmission, Power Distribution and Industrial. Power Transmission segment accounted for US$ 121.1 million in the market in 2019 and has grown with a CAGR of 0.8% over the historic years (2019-2023). The segment recorded US$ 125.1 million of the market in 2023 and is projected to grow at a CAGR of 3.6% over the forecast period to reach US$ 139.3 million by 2030. The segment is projected to create an opportunity of US$ 26.5 million opportunities over the forecast period (2024 - 2030).