Global Gas Insulated Switchgear Market Development, Trends, Demand and Forecast Till 2025

January 8, 2021
Robertsmith02

According to the latest report by IMARC Group titled, “Gas Insulated Switchgear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the gas insulated switchgear (GIS) 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.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/gas-insulated-switchgear-market/requestsample

Global Gas Insulated Switchgear Market 2020-2025 Analysis and Segmentation:

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.

The report has segmented the market on the basis of Type, Installation, Technology, Voltage, End User and Region.

Market Breakup by Type

1. High Voltage Gas Insulated Switchgear

2. Medium Voltage Gas Insulated Switchgear

3. Low Voltage Gas Insulated Switchgear

Market Breakup by Installation

1. Indoor

2. Outdoor

Market Breakup by Technology

1. Hybrid Switchgear

2. Integrated Three Phase

3. Compact Gas Insulated Switchgear

Market Breakup by Voltage

1. < 38 kV

2. 38 kV to 72 kV

3. 73 kV to 150 kV

4. > 150 kV

Market Breakup by End-Use Sector

1. Power Transmission

2. Power Distribution

3. Power Generation

4. Infrastructure and Transportation

5. Others

Market Breakup by Region

1. Asia Pacific

2. Europe

3. North America

4. Latin America

5. Middle East and Africa

Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/gas-insulated-switchgear-market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Contact Us

30 N Gould St
Ste R
Sheridan, WY 82801
USA
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal

Article Categories:
BUSINESS

Leave a Comment