Gas-Insulated Switchgears Market 10 Company Profiles and 2023 Future Market Analysis: ABB Ltd. , Mitsubishi Electric Corporation , Alstom SA , Siemens AG , Toshiba

Gas Insulated Switchgear Market Highlights:-

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.

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.

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Industry News:-

In November, 2016 – Fuji Electric Co., Ltd., headquartered in Tokyo, Japan, announced the release of its “145 kV Gas-Insulated Switchgear” (GIS) conforming to the IEC Standard.
In October, 2016 – GE (NYSE: GE) achieved another milestone in its ‘Make in India’ journey with the commencement of dedicated 765kV Gas Insulated Substation (GIS) manufacturing line at its high voltage transmission equipment manufacturing facility at Padappai in Chennai, India.

In Feb, 2016 – ABB won an order from SP PowerGrid to supply four 66 kilovolt (kV) gas-insulated switchgear (GIS) substations for the city-state of Singapore. The project is part of SP PowerGrid’s continuous efforts to strengthen the efficiency and reliability of its transmission and distribution networks and to meet the growing demand for power in Singapore’s industrial, commercial and residential sectors.

Top Key Players:-
• Larsen & Turbo
• Hyundai heavy industries
• Hitachi
• Fuji Electric
• Schneider Electric SE
• ABB Ltd.
• Mitsubishi Electric Corporation
• Alstom SA
• Siemens AG
• Toshiba

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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Major Points From Table Of Content:-

1 Executive Summary
2 Scope Of The Report
3 Market Landscape
4 Market Dynamics
5 Global Oil And Gas Waste Heat Recovery Market, By Sector

6 Global Gas-Insulated Switchgears Market, By Voltage Rating
6.1 Introduction
6.2 Medium Voltage
6.2.1 Market Estimates & Forecast, 2017-2023
6.2.2 Market Estimates & Forecast By Region, 2017-2023
6.3 High Voltage
6.3.1 Market Estimates & Forecast, 2017-2023
6.3.2 Market Estimates & Forecast By Region, 2017-2023

Continued............

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