Press release
Gas Insulated Switchgear Market 2018 Global Industry Growth, Size, Share | Global Leaders: Schneider Electric SE , ABB Ltd. , Mitsubishi Electric Corporation , Alstom SA , Siemens AG
The global gas-insulated switchgear market is expected to be driven by the factors such as a rise in demand for reliable power transmission and distribution infrastructure, need for eco-friendly switchgears, and increasing distribution connections by industries and utilities. In 2017, in China, transmission lines of above 220 kV were added to 41,459 km as compared to 34,999 km in 2016. However, the gas used in gas-insulated switchgears are highly toxic if released in the atmosphere. This restrains the market for gas-insulated switchgears.
Market Segmentation:-
Global gas-insulated switchgears market has been segmented on the basis of voltage rating, application, technology, and regions. Voltage rating segment is further segregated as medium voltage and high voltage. With advancement in technology in switchgears manufacturing, the high voltage gas-insulated switchgears are expected to hold the major market segment. On the basis of application the market is classified as industrial, utility, power generation, infrastructure and others. Utility segment is anticipated to dominate the market owing to increasing infrastructure in the power sector. Based on technology type, the gas-insulated switchgear market is further segmented as integrated three-phase, compact gas insulated switchgear, and hybrid switchgear.
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Industry Top Key players:-
• Schneider Electric SE
• ABB Ltd.
• Mitsubishi Electric Corporation
• Alstom SA
• Siemens AG
• Hyundai heavy industries
• Hitachi
• Fuji Electric
• Nissin Electric
Major Points From Table Of Content:-
1 Executive Summary
2 Scope Of The Report
3 Market Landscape
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
To be Continued.....
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Global Gas-Insulated Switchgear Market – Regional Analysis:-
Global gas insulates switchgear market is expected to experience massive growth during the forecast period owing to increased demand for electricity from the nations. Asia Pacific holds the largest share of gas insulate switchgear market. Rapid growth in economy coupled with higher demand for electricity is likely to drive the market for gas-insulated switchgears in Asia Pacific. In countries such as China, India and other southeast nations, there is huge potential for increasing power distribution systems, which will have a high impact on gas-insulated switchgears market. The Mid-east region is likely to follow in terms of market share. The growth in the region is attributed to increasing technological implementation in electricity systems. For instance, in 2015, UAE government has awarded ABB group, the supply of 33 kV gas insulated switchgears for medium voltage supply for the oilfields projects.
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