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Gas Insulated Power Equipment Market is anticipated to witness an annual growth rate of over 8% by 2025

06-03-2019 03:39 PM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Gas Insulated Power Equipment Market is anticipated to witness

Gas Insulated Power Equipment Market size will exceed USD 30 billion by 2025, as reported in the latest study by Global Market Insights, Inc.

The gas insulated power equipment market in the current regime has significantly been influenced by the increasing demand for compact substation specifications to curb the overall maintenance requirements, cost, and project space. However, availability of a substantial amount of existing switchgear technologies including vacuum and air insulated products have persistently been hindering the deployment of GIS units.

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The Gas Insulated Transmission Line (GIL) market has attained significant impetus owing to improved welding feasibility, elastic bending capability and enhanced insulation properties. Technology upgradation, high voltage transmission capability coupled with long term reliability have led significant ground for the development of ongoing GIL project.

Middle East and Africa gas insulated power equipment market is projected to witness an upsurge on account of increasing demand for a sustainable electric infrastructure. Poor electricity grid infrastructure adhered by rising demand for electricity will stimulate the product demand. Rising private & public investments from institutions including the World Bank, Asian Development Bank (ADB) and the IFC, toward technological enhancement will further complement the business outlook.

Company profiles
• ABB Limited
• General Electric
• Mitsubishi Electric Corporation
• Toshiba Corporation
• Schneider Electric
• Siemens
• Bharat Heavy Electricals Limited
• Hitachi Ltd
• CG Power and Industrial Solutions Ltd

Ongoing development of sustainable network technologies across the wind energy industry will drive the demand for competitive and advance power grid infrastructure. Moreover, increasing plant size to suffice the rise in demand for electricity with existing power infrastructure, require more clearances and space which may raise the overall power plant cost. Therefore, the GIS technology integration offers substantial scope for cost and space reduction in line with improved product performance which will further simulate gas insulated power equipment market size.

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Report Content
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Gas Insulated Power Equipment Industry Insights
Chapter 4 Gas Insulated Power Equipment Market, By Product
Chapter 5 Gas Insulated Power Equipment Market, By Region
Chapter 6 Company profiles

The gas insulated power equipment market has significantly been influenced by regulatory inclination toward enhanced transmission capacity, reliability of electrical grid network and reduction in transmission losses. Low maintenance cost, effective power transmission capability, and minimal electrical ageing are key factors for the product deployment. In addition, the industry players are allocating fund flow toward research and development (R&D) activities related to GIl & GIS for reduction in the environmental hazards and project cost.

Browse Full Report @ https://www.gminsights.com/industry-analysis/gas-insulated-power-equipment-market

Asia Pacific region will observe an upsurge owing to the rising power demand from developing economies. Emerging nations including China and India are regarded as favourable countries for investment as they continuously complement the existing electrical capacities and infrastructure to suffice the electricity demand. Evolving power consumption patterns in households and corporations in line with rapid technological revolution will augment the gas insulated power equipment market.

Prominent industry players across the gas insulated power equipment market consist of Mitsubishi Electric, ABB, Toshiba, Larsen and Toubro, Siemens AG, Hyundai Electric & Energy System, General Electric, Schneider Electric, BHEL, Crompton Greaves, Ormazabal, Hitachi, Fuji Electric, Hyosung, Iljin Electric, AZZ, Chint Group, Meidensha Corporation, and Xi'an XD Switchgear Electric.

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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