Core Viewpoint - The Gas Insulated Switchgear (GIS) market is experiencing steady growth, driven by urbanization, industrial demand, renewable energy integration, and modernization of distribution networks, with a projected global market size of approximately $6.782 billion in 2024 and a compound annual growth rate (CAGR) of about 9.88% until 2031 [3][7]. Market Size - The global GIS market is expected to reach approximately $13.274 billion by 2031, with a CAGR of 9.88% from 2025 to 2031. The demand for compact and reliable power systems in urban areas is a significant driver of this growth [7]. Competitive Landscape - Major GIS manufacturers are concentrated in Europe and China, with leading companies including Hitachi Energy, Siemens, and others. The top five companies are projected to hold about 44.72% of the market share by revenue in 2024 [8]. Regional Market - China and Europe are the largest consumers of GIS, accounting for approximately 75% of the revenue market share in 2024 [11]. Product Types - GIS products are categorized by voltage ratings, with 110kV and 220kV products holding significant market shares, together accounting for about 56% of revenue in 2024 [12]. Downstream Market - GIS is widely used in urban power grids, renewable energy generation, hydropower, thermal power, and other applications, with urban power grids representing a market share of 18.05% by revenue in 2024 [13]. Favorable Industry Development Factors - Increased government investment in power infrastructure and support for smart grids and green energy initiatives provide long-term policy and capital backing for the GIS market [14]. Challenges in Industry Development - High initial investment costs compared to traditional air-insulated switchgear (AIS) may limit the widespread adoption of GIS, particularly in medium and low voltage applications. Additionally, the environmental regulations regarding SF₆ gas emissions pose challenges for manufacturers [16]. Barriers to Entry - The GIS industry has significant technical barriers due to the need for high precision in design and engineering capabilities. New entrants without substantial technical expertise may struggle to ensure product reliability and safety [17]. Industry Policies - Various policies, such as the "14th Five-Year Plan for Modern Energy System" and "Made in China 2025," emphasize the development of high-voltage transmission projects and the adoption of domestically produced GIS equipment [20][22].

Group 1 - The first phase of the Foshan Metro photovoltaic power generation project has successfully connected to the grid, marking a significant step in the application of green energy in Foshan's rail transit [1] - Guangzhou Baiyun Electric Equipment Co., Ltd. plays a key role in this project as a leading provider of comprehensive green smart energy solutions [1][3] - The company has undergone a transformation from a traditional power equipment manufacturer to a leading provider of green smart energy solutions over more than 40 years [3][4] Group 2 - Baiyun Electric focuses on innovation as a core aspect of its development, with a strong emphasis on independent research and development, as well as collaborative development [5] - The company has established a digital factory for smart distribution equipment, recognized as a national model for intelligent manufacturing and green factories [5] - Baiyun Electric has received numerous national honors for its innovative achievements, including awards for significant contributions to the State Grid's UHVDC projects [5] Group 3 - The company plans to optimize its market structure by responding to the demands for green, digital, and intelligent power grids, while also expanding its market presence in renewable energy generation [7] - Baiyun Electric aims to enhance its technological capabilities and product innovation in core areas such as new energy, smart technology, and energy efficiency [9] - The company is focused on developing advanced products like eco-friendly GIS and high-capacity transformers, while also improving integrated solutions in energy management and smart operations [9]