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Gas Insulated Switchgear Market Analysis, Scope, Stake, Progress, Trends ,Supply, Consumption and Demand Analysis by 2023
Gas-Insulated Switchgears Market
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.
In May, 2014 – Schiender Electric launched its FBX gas-insulated switchgear, a fully sulphur hexafluoride gas (SF6) insulated switchboard for secondary distribution networks, in the African continent.
In January, 2013 – Hyundai Heavy Industries, the world’s largest shipbuilder and a leading electro electric systems manufacturer, announced the completion of the Hyundai Electrosystems gas insulated switchgear plant (GIS) in Vladivostok, Russia.
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Global Leaders:-
ABB Ltd., Siemens AG, Schneider Electric, Mitsubishi Electric Corporation, General Electric, Hitachi Ltd., Hyundai Heavy Industries Co., Fuji Electric Co. Ltd., Toshiba International Corporation, Nissin Electric Co. Ltd., Crompton Greaves Limited, Hyosung Corporation, Chint Electric Co. Ltd. and Larsen & Toubro are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Gas Insulated Switchgear Market
Gas Insulated Switchgear Market - Competitive Analysis:-
The global market for gas insulated switchgear seems to be highly competitive. To maintain the market position and to drive the market growth, various dynamic and diversified international manufacturers, domestic product developers and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, product development through innovation approach, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
Geographical Outlook:-
Geographically, the global gas insulated switchgear market has been divided into North America, Europe, Asia Pacific and Rest of the World. Among these regions, Asia-Pacific is the leading regions for the gas insulated switchgear market mainly due to the attractive investment prospects in the transmission & distribution segment in this region. Favourable government policies for the gas insulated switch market is another factor contributing to the growth of the gas insulated switchgear market. Development of new technologies and development of new techniques has resulted in high growth achieved by the North American region in this market. in the region.
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