Press release
Gas Insulation Switchgear Market 2022 to 2028 - Global Analysis By Type, By Applications
This latest report provides an in-depth analysis of the Global Gas Insulation Switchgear Market size, share, recent developments, and trends. According to the report, the industry is expected to develop at a substantial rate between 2022 and 2028. The study compiles data from industry experts and numerous prominent players in the market to give a concise summary and in-depth analysis of the market. Aside from that, the research includes a complete analysis of geographical areas as well as a description of the competitive landscape to help investors, key players, and new entrants gain a significant portion of the global Gas Insulation Switchgear Market.Gas Insulation Switchgear market is envisaged to record an expansion at the CAGR of 25.87% over the forecast period, 2022 - 2028
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Market Overview
The market for gas-insulated switchgear is expected to witness a CAGR of more than 5% during the forecast period. The outbreak of the COVID-19 led to the global economic slowdown, which, in turn, led to a slowdown in industrial and commercial activities, hampering the growth of the gas-insulated switchgear market. The gas-insulated switchgear (GIS) is metal-enclosed, which is more environment-friendly, more reliable, and more flexible when compared to air-insulated switchgear (AIS). Due to its space optimization, low maintenance, and protection against external elements, the demand for gas-insulated switchgear is expected to rise in the coming years. The transformation of the power industry is expected to drive the demand for the gas-insulated switchgear market during the forecast period. Factors such as high equipment cost when compared to AIS, along with stringent environmental and safety regulations related to GIS, are hindering the market growth.
The major players covered in the Gas Insulation Switchgear Market:
ABB, Siemens, Schneider Electric, Nissin Electric, Mitsubishi Electric, HYUNDAI ELECTRIC, Hitachi, GE, Fuji Electric, CG
Industry News
In July 2021, Hitachi ABB Power Grids announced that the company has composed a complete prefabricated containerized gas-insulated substation for the industrial gas company Linde. The substation comprised of 10 bays of 66 kV gas-insulated switchgear, protection and control panels, and all ancillary equipment in pre-assembled, pre-tested, container-sized modules, which were shipped as a single prefabricated unit, ready for speedy on-site installation.
Gas Insulation Switchgear Breakdown Data by Type
36 kV
Gas Insulation Switchgear Breakdown Data by Application
Industrial
Commercial
Others
Regional Gas Insulation Switchgear Market (Regional Output, Demand & Forecast by Countries)
-North America (United States, Canada, Mexico)
-South America (Brazil, Argentina, Ecuador, Chile)
-Asia Pacific (China, Japan, India, Korea)
-Europe (Germany, UK, France, Italy)
-Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)
Key questions addressed in Gas Insulation Switchgear Market Report
-What is the market size, share of the Gas Insulation Switchgear market?
-Who are the top market players operating in the Gas Insulation Switchgear market?
-What are sales, revenue, and price analysis by regions of industries?
-What are the modes and strategic moves considered suitable for entering the global market?
-What were the pre-and post-business impacts of Covid-19 on the Gas Insulation Switchgear Market?
Asia-Pacific to Dominate the Market
Asia-Pacific is expected to dominate the gas-insulated switchgear market, as the region witnesses a high demand for electricity. Countries, such as China, Japan, and India, are investing in their grid expansion projects to increase distribution grid reliability. Due to the unprecedented growth of the economy, coupled with factors, such as rapid industrialization and urbanization, China witnessed a high demand for electricity, over the past few years.
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Table of Contents:
Global Gas Insulation Switchgear Market Research Report 2022
Chapter 1: Market Overview, Drivers, Restraints and Opportunities
Chapter 2: Market Competition by Manufacturers
Chapter 3: Production by Regions
Chapter 4: Consumption by Regions
Chapter 5: Production, By Types, Revenue and Market share by Types
Chapter 6: Consumption, By Applications, Market share (%) and Growth Rate by Applications
Chapter 7: Complete profiling and analysis of Manufacturers
Chapter 8: Manufacturing cost analysis, Raw materials analysis, Region-wise manufacturing expenses
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Market Forecast
Chapter 13: Gas Insulation Switchgear Research Findings and Conclusion, Appendix, methodology and data source
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