Gas Insulated Switchgear Market 2019 Key Leaders Analysis: Schneider Electric SE, Mitsubishi Electric, Alstom SA, Larsen & Turbo, Hyundai heavy industries, Hitachi, Fuji Electric, Nissin Electric, Xian XD, Hyosung, Bharat Heavy Electric, Eaton and Meidens

Global gas insulates switchgear market is expected to experience massive growth during the forecast period owing to increased demand for electricity from the nations. 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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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.

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.

Regional Analysis

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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Brief TOC of Gas-Insulated Switchgears Market

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
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
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