Gas Insulated Switchgear Market Size and 2023 Top Performing Key Players: Schneider Electric SE , ABB Ltd. , Mitsubishi Electric Corporation , Alstom SA Siemens AG, and Hyundai heavy industries

Market Overview:-

Gas-insulated switchgear industry is expected to have a huge number of advancements over the forecast period owing to continuous developments in end-use industries coupled with growing disposable income. The market is also expected to have high expansion activities by multinationals and well-established companies.

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.

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Global Gas insulated switchgear market is expected to expand at 7% CAGR during the forecast period.

Typical switchgears are typically mounted outside the buildings, require large spaces, and are insulated either by air or oil, which are more prone to damages and hazards of oil spillage. The gas-insulated switchgear provides a range of advantages over conventional switchgears including, small space requirement, high reliability, safety, environmental compatibility, and long maintenance intervals. The design of the gas-insulated switchgears can significantly vary from isolated phase, to compact and hybrid switchgears. The gas-insulated switchgears are expected to have long life than other switchgears, the main reason being non oxidizing nature of SF6 gas and steel enclosure. The switchgear also manages the risk of operation and atmospheric pollution.

Industry Top Key Players:-

The key players of global gas-insulated switchgear market are Schneider Electric SE (France), ABB Ltd. (Switzerland), Mitsubishi Electric Corporation (Japan), Alstom SA (France), Siemens AG (Germany), and Toshiba (Japan). Larsen & Turbo (India), Hyundai heavy industries (South Korea), Hitachi (Japan), Fuji Electric (Japan), Nissin Electric (Japan), Xian XD (China), Hyosung (China), Bharat Heavy Electric Ltd. (India), Eaton (Ireland), and Meidensha (Japan) are among others.

Major Points of Table Of Content:-

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model


3 Market Landscape

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4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

Continued.........

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. Among these, compact gas switchgear are gaining attention from major manufacturers as this design of switchgear includes all elementary switchgear components, such as three-phase circuit breaker, switches, current transformer, and feeder elements in a single metal capsule.

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Global Gas-Insulated Switchgear Market 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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