June 29, 2022
  • June 29, 2022

Gas Insulated Switchgear Market to Witness Remarkable Growth

By on January 28, 2022 0

Pune, India, Jan. 28, 2022 (GLOBE NEWSWIRE) — The world Gas Insulated Switchgear Market is expected to reach USD 36.60 billion by 2026 due to the growing demand for energy in the world. Gas-insulated switchgear is a high-voltage substation in which the main electrical equipment is placed in a sealed environment with an insulating medium, i.e. sulfur hexafluoride or SF6 gas. All electrical switching equipment such as busbars, earth switches, insulators, circuit breakers and others are completely enclosed inside SF6 gas filled modules. A recently released report by Fortune Business Insights™ titled, “Gas Insulated Switchgear Market Size, Share, and Industry Analysis, by Voltage (up to 66 kV, 66 kV – 170 kV, 170 kV – 550 kV and above 550 kV), by installation (indoor and outdoor), by end user (utilities, industrial, commercial and other) and regional forecast, 2019-2026. » offers a comprehensive overview of the market and its key growth trajectories. According to this report, the market value stood at USD 21.13 billion in 2018 and will grow at a CAGR of 7.2% during the forecast period, 2019 to 2026.

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Companies featured in the Gas Insulated Switchgear Market are:

  • Siemens
  • Electric Fuji
  • Mitsubishi Electric Corporation
  • Hitachi, Ltd.
  • Nissin Electric Co Ltd
  • Meidensha Company
  • CHEM Group
  • ABB
  • Schneider-Electric
  • Hyundai Electric & Energy Systems Co., Ltd.
  • eaton
  • GE
  • Toshiba International Corporation
  • Larsen & Toubro
  • Bharat Heavy Electricals Limited
  • Other players

What is the scope of the report?

The Gas Insulated Switchgear Market report offers a 360-degree overview of the market and factors enabling and demoting growth, along with challenges and opportunities ahead. It discusses the competitive landscape of the market, a list of players operating in the market and the key strategies adopted by them to achieve the top position during the forecast period. In addition, the report throws light on important industry developments, current Gas Insulated Switchgear market trends, and other interesting market insights. Additionally, the report is available for sale on the company’s website.

Click here to obtain short and long term impact of COVID-19 on this Gas Insulated Switchgear Market.

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The emergence of COVID-19 has paralyzed the world. We understand that this health crisis has had an unprecedented impact on businesses in all sectors. However, this too will pass. Growing support from governments and several businesses can help fight this highly contagious disease. Some industries are struggling and others are thriving. Overall, almost every industry is expected to be impacted by the pandemic.

We are making ongoing efforts to help your business sustain and grow during the COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of the coronavirus epidemic in all sectors to help you prepare for the future.

Regional segmentation:

Upgrading hydropower plants will help Europe dominate the market

Geographically, Europe will hold the dominant share of the gas insulated switchgear market due to modernization of hydropower plants, increase in electricity consumption and government initiatives to improve infrastructure of the network. Moreover, increasing investments in expanding distribution and transmission networks will help Asia-Pacific to hold a notable share. In addition, the North American market will experience significant growth due to major investments made for improving transmission, distribution and overall performance of electric power generation to avoid losses. Most businesses located in this region acquire their substation for efficient and reliable power transmission, which will ultimately add significant value to the regional market.

The Middle East and Africa market, on the other hand, will witness a remarkable growth due to the dominance of oil and gas power plants which further accentuates the improvement of electric power distribution and transmission. Countries in Africa are emphasizing on increasing their network infrastructure to aid in the expansion of the market during the forecast period.

Market factors

Improved network infrastructure will help expand the market

Factors driving the growth of the gas insulated switchgear market include increasing demand for energy and electricity, increasing construction and modernization of power grid and increasing investment in power infrastructure. transmission and distribution. On the contrary, factors such as high cost of equipment and strict government laws imposed on environmental and safety regulations will negatively affect the market. Nevertheless, the growing focus on renewable energy generation is likely to create lucrative growth opportunities for the market over the forecast period.

Competitive Landscape:
Heavy investment in building new substations bodes well for players

Players operating in the global gas insulated switchgear market are adopting various strategies to gain a competitive edge in the market. These strategies include mergers and acquisitions, contracts, agreements and partnerships, joint ventures and others. The players are also investing large sums in the construction of new substations to attract high revenue in the gas insulated switchgear market in the coming years.

Major industrial developments in the Gas Insulated Switchgear Market include:

November 2018 – Bergenshalvoens Kommunale Kraftselskap (BKK Nett) has awarded a contract to Siemens Energy Management to supply the world’s first SF6-free GIS with vacuum and clean air interruption systems for a voltage level of up to 145 kV.

December 2019 – The Italian transmission system operator (TSO) has awarded a $100 million contract to ABB for the supply of GIS and the construction of high-voltage substations in Obermooweiler, Baden-Württemberg.

Quick Buy – Gas Insulated Switchgear Market: https://www.fortunebusinessinsights.com/checkout-page/103092

Contents:

  • introduction
    • Search scope
    • Market segmentation
    • Research Methodology
    • Definitions and assumptions
  • Summary
  • Market dynamics
    • Market factors
    • Market constraints
    • Market opportunities
  • key ideas
    • Main emerging trends – for main countries
    • Latest technological advancement
    • Regulatory landscape
    • Industry SWOT Analysis
    • Analysis of the five forces of carriers
  • Global Gas Insulated Switchgear Market Analysis (USD Billion), Outlook and Forecast, 2015-2026
    • Main results/summary
    • Market Analysis, Insights & Forecasts – By Voltage
      • Up to 66kV
      • 66kV – 170kV
      • 170kV – 550kV
      • Above 550 kV
    • Market Analysis, Outlook and Forecast – By Installation
    • Market Analysis, Outlook and Forecast – By End User
      • Utility
      • Industrial
      • Commercial
      • Others
    • Market Analysis, Outlook and Forecast – By Region
      • North America
      • Latin America
      • Europe
      • Asia Pacific
      • Middle East and Africa
  • North America Gas Insulated Switchgear Market Analysis (USD Billion), Outlook and Forecast, 2015-2026
    • Main results/summary
    • Market Analysis, Insights & Forecasts – By Voltage
      • Up to 66kV
      • 66kV – 170kV
      • 170kV – 550kV
      • Above 550 kV
    • Gas Insulated Switchgear Market Analysis, Outlook and Forecast – By Installation
    • Market Analysis, Outlook and Forecast – By End User
      • Utility
      • Industrial
      • Commercial
      • Others
    • Market Analysis, Outlook and Forecast – by Country

TOC Continued…!

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