Gas Insulated Switchgears Gls Market

The switchgear has become the backbone of electric transmission lines spread across the country and in cross border distribution. Over the last decade, a significant surge in electric power consumption has been observed and is estimated to grow further owing to numerous electrification projects in several developing countries. Also, growing power consumption rate or per capita power consumption across the developed countries is also a major driver for the growth of global gas insulated switchgears market. Moreover, increasing adoption of electricity based gadgets, equipment, appliances, vehicles and others is projected to increase the power demand and dense electricity distribution network. Furthermore, several countries are engaged in cross border power transmission to their neighbouring countries, which involve a thousand miles of transmission lines and hundreds of distribution stations and sub-stations. Technological advancements in both power generation as well as distribution systems are estimated to be the main drivers of the gas insulated switchgears market.

Owing to the increasing demand for gas insulated switchgears, various key manufacturers are engaged in developing more advanced and sophisticated gas insulated switchgears. The manufacturers are striving to increase the reliability and efficiency of the gas insulated switchgears by employing automation and high quality materials.

Gas Insulated Switchgears (GIS) Market: Segmentation

The gas insulated switchgears are widely used at various locations throughout the transmission system. Also, they are used in separated power grids and electricity house for various manufacturing and oil and gas industries, refineries, etc. The global gas insulated switchgears market can be segmented on the basis of operating voltage range and on the basis of end-use industry. On the basis of operating voltage, global gas insulated switchgears market is segmented as medium voltage (< 220 kV), high voltage (220 kV – 550 kV) and ultra-high voltage (> 550 kV). While on the basis of end-users, the market is segmented into, power generation grids, distribution substations, railway & urban transportation, industrial grids and others.

Gas Insulated Switchgears (GIS) Market: Region-Wise Outlook

Asia Pacific holds significant position in the global gas insulated switchgears market and is expected to remain dominant over the next decade. North America and Western Europe are the other major segments, which are estimated to create substantial demand through respective power upgradation projects. In APAC, China is estimated to be a noteworthy country that holds significant share in the market. Also, other developing countries of Asia and Africa are estimated to grow at high rates due to the rising electrification in the countries.

Gas Insulated Switchgears (GIS) Market: Market Participants

The Gas Insulated Switchgears (GIS) market is dominated by major electrical technology giants catering their advanced technology products in the global market. Examples of some of the players in the market are ABB Group, Siemens AG, Hyosung Corporation, CG Power and Industrial Solutions Limited (Avantha Group), Fuji Electric Co. Ltd., Hitachi Ltd., Tenaga Switchgear Sdn. Bhd., Mitsubishi Electric Corporation, Schneider Electric Se and Toshiba Corporation, among others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies

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