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2019-2025 | Gas Insulated Power Equipment Market : ABB Limited, General Electric, Mitsubishi Electric Corporation, Toshiba Corporation, Schneider Electric, Siemens

01-27-2020 05:27 AM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

2019-2025 | Gas Insulated Power Equipment Market : ABB Limited,

The gas insulated power equipment market demand is expected to grow from USD 17 billion in 2018 to USD 30 billion by 2025, at a compound annual growth rate (CAGR) of 8% during the forecast period.

Get Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/3258

The gas insulated power equipment market has significantly been influenced by government inclination toward the decrease in transmission losses, reliability of electricity grid infrastructure and enhanced transmission capacity. Efficient short-circuit endurance capability, minimal electrical ageing, non-flammable operational characteristics and low maintenance cost have escalated the business growth. Moreover, the manufacturers are constantly investing for R&D activities related to gas insulated transmission lines (GIL) for decrease in the environmental hazards and overall project cost.

Pages: 562
Tables: 1261
Charts / Figures: 10
Companies covered: 19

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

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

Gas Insulated Equipment Market in 2018 valued over USD 17 billion and is predicted to grow at a rate of over 8% by 2025. The industry in the recent years, has been positively influenced by the substantial increase in demand for compact substation devices to curb the overall project cost, maintenance and space requirements. Although, availability of a significant amount of traditional switchgear technologies including vacuum and air insulated products have constantly been posing obstruction to their incorporation across the industry. However, insistent efforts to reduce costs, manufacture compact product specifications and enhance operational performance have augmented the adoption of these units.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/3258

Rapid growth of sustainable technologies including wind energy will fuel the demand for advance & competitive electrical netwrok over the years. Moreover, rising plant capacity to endure the soaring energy demand with conventional electrical network acquiring clearances and more space have increased the overall project price. Therefore, the adoption of GIS technology provides substantial scope for cost & space reduction in line with operational performance which in turn will stimulate the gas insulated power equipment market.

The gas insulated power equipment market has significantly been influenced by government inclination toward the decrease in transmission losses, reliability of electricity grid infrastructure and enhanced transmission capacity. Efficient short-circuit endurance capability, minimal electrical ageing, non-flammable operational characteristics and low maintenance cost have escalated the business growth. Moreover, the manufacturers are constantly investing for R&D activities related to gas insulated transmission lines (GIL) for decrease in the environmental hazards and overall project cost.

Asia Pacific will observe progress on account of the rising demand for electricity from developing countries. Emerging nations including India are considered as favorable regions as they continue to boost the traditional power network and capacities to meet the growing electricity demand. Shifting power consumption patterns in households and corporations positively influenced by government shift towards the adoption of effective grid network will strengthen the global gas insulated power equipment market share.

Eminent gas insulated power equipment market participants include Toshiba, ABB, Siemens AG, Schneider Electric, Mitsubishi Electric, Hitachi, BHEL, Crompton Greaves, L&T, Ormazabal, AZZ, Meidensha Corporation, Hyundai Electric, Iljin Electric, Fuji Electric, Chint Group, Xi'an XD Switchgear Electric, General Electric and Hyosung.

Related Report:

Power Transformer Market ,Competitive Market Share & Forecast, 2017 - 2024
https://www.marketwatch.com/press-release/power-transformer-market-by-industry-trend-growth-and-regional-forecast-2018-2024-2019-09-15

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

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 methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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