Gas Insulated Switchgear Market Report Segmented by Voltage, Installation, End-User and Prominent Players: Siemens, ABB, Toshiba, CG Power, Fuji Electric, Nisin Electric, Hyosung, Mitsubishi Electric
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Gas Insulated Switchgear (GIS) is an essential equipment in electrical substation. It is a metal enclosed switchgear, consisting of components such as circuit breakers and disconnectors. It is generally used in places where space is limited. For instance, GIS is installed on the extensions in areas such as roof, offshore platforms, industrial plants, and hydro power plants, among others. Growing power consumption globally across the developed countries is also a major driver for the growth of global gas insulated switchgears market.
The key players in the global gas insulated switchgear market include ABB (Switzerland), CG Power (India), Fuji Electric (Japan), General Electric (USA), Hyosung (China), Larsen &Toubro (India), Mitsubishi Electric (Japan), Nisin Electric (Japan), Siemens (Germany), and Toshiba (Japan).
Gas Insulated Switchgear Industry Segments Analysis:
The global gas insulated switchgear market has been segmented on the basis of the end users, installation, voltage, and lastly, region.
Based on end-users, this market has been segmented into infrastructure & transportation, transmission & distribution, and manufacturing.
The installation-based segmentation segments the market into indoor installation and outdoor installation.
Regarding voltage, the market has been segmented into up to 36 Kilo Volt (kV) and above 36 kV.
Global Gas Insulated Switchgear Market Regional Outlook:
The regional segmentation of the global gas insulated switchgear market can segment the market into the regional markets namely North America, Europe, Asia Pacific, South America, and the Middle East & Africa (MEA).
Asia Pacific region is the biggest regional market because countries like China, India, and Japan are investing in their grid expansion projects in order to increase distribution grid reliability. In these countries, the demand for electricity is growing due to industrialization and infrastructural developments. China, India, and Indonesia are also investing heavily in their hydroelectric power projects, leading to growing investments in transmission & distribution sector by connecting renewable energy generation to the grid.
Europe is another significant regional market primarily due to the vibrant automotive industry, the presence of many key market players, and the technological advancement that is second only to North America. The vital country-specific markets in this region are France, Germany, Italy, Russia, and the UK, followed by remaining countries of Europe.
North America is another crucial regional market due to technological advancement and the presence of many key market players. The maximum-revenue generating country-specific markets in this region are the USA, Canada, and Mexico.
South America is a smaller market because the availability of advanced technology is limited in this region. The key country, specific markets in this region are Argentina and Brazil, followed by the remaining countries of South America.
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Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
List Of Figures
Figure 1 Research Process Of MRFR
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
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