Gas Insulated Switchgear Market Research Report, Size, Share, Trends and Forecast to 2025

23/nov/2020 13:44:47 IMARC Group Contatta l'autore

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According to the latest report by IMARC Group titled, “Global Gas Insulated Switchgear Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2020-2025 ”, the market to exhibit a CAGR of around 8% during 2020-2025.

A gas insulated switchgear (GIS) is a metal-enclosed structure that comprises high-voltage components, such as circuit-breakers and disconnectors and sulfur hexafluoride gas. It is compact and requires less operation and maintenance costs as compared to an air insulation switchgear. As a result, it is widely installed in confined spaces, such as buildings, offshore platforms and industrial and hydropower plants.

Market Trends

An increase in the implementation of smart grids and smart metering technology has significantly improved the power distribution sector. This, in turn, is catalyzing the demand for gas insulated switchgear across the globe. Apart from this, owing to the increasing consumption of electricity worldwide, governments of several countries are investing in the upgradation of transmission and distribution (T&D) infrastructure, which is propelling the market growth. Furthermore, rising power consumption, especially in emerging economies, owing to numerous electrification projects, is anticipated to favor the market in the coming years.

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Insights on Market Segmentation:

Breakup by Type

1. High Voltage Gas Insulated Switchgear

2. Medium Voltage Gas Insulated Switchgear

3. Low Voltage Gas Insulated Switchgear

Breakup by Installation

1. Indoor

2. Outdoor

Breakup by Technology

1. Hybrid Switchgear

2. Integrated Three Phase

3. Compact Gas Insulated Switchgear

Breakup by Voltage

1. <38 kV

2. 38 kV to 72 kV

3. 73 kV to 150 kV

4.> 150 kV

Breakup by End-Use Sector

1. Power Transmission

2. Power Distribution

3. Power Generation

4. Infrastructure and Transportation

5. Others

Breakup by Region

1. Asia Pacific

2. Europe

3. North America

4. Latin America

5. Middle East and Africa

Competitive Landscape 

The competitive landscape of the industry has also been examined with some of the key players being ABB, Alstom, Benchmarking, Bharat Heavy Electricals Limited, Eaton Corporation, General Electric Company, Hitachi, Larsen & Toubro, Meidensha, Mitsubishi Electric, Powell Industries, Schneider Electric, Siemens, Toshiba International Corporation, etc.

Browse full report with detailed TOC and list of figures and tables:

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