Insulated Switchgear market is projected to grow from US$ 5426.7 million in 2023 to US$ 6709.6 million by 2029, at a Compound Annual Growth Rate (CAGR) of 3.6% - Valuates Reports

The global Gas Insulated Switchgear market is projected to grow from US$ 5426.7 million in 2023 to US$ 6709.6 million by 2029, at a Compound Annual Growth Rate (CAGR) of 3.6% during the forecast period.

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Gas Insulated Switchgear Market
GIS is a kind of metal enclosed switchgear. That means, all the equipment of the electrical switchgear are enclosed by gas tight metal enclosure and SF6 gas is used as insulation between live parts of the equipment and earthed metal enclosure. For establishing electrical substation in very limited place this type of SF6 insulated electrical switchgear plays the major role.
The Gas Insulated Switchgear (GIS) market is dominated by ABB, Siemens, GE, Hyosung Heavy Industries, Shandong Taikai, XD Electric, Sieyuan, etc. The top seven players account for about 45% of the market share.
China is the largest Gas Insulated Switchgear (GIS) market with about 40 percent market share, followed by Europe with about 30 percent.
In terms of production side, this report researches the Gas Insulated Switchgear production, growth rate, market share by manufacturers and by region (region level and country level), from 2018 to 2023, and forecast to 2029.
In terms of consumption side, this report focuses on the sales of Gas Insulated Switchgear by region (region level and country level), by company, by Type and by Application. from 2018 to 2023 and forecast to 2029.
Report Includes:
This report presents an overview of global market for Gas Insulated Switchgear, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue/sales data for 2018 - 2022, estimates for 2023, and projections of CAGR through 2029.
This report researches the key producers of Gas Insulated Switchgear, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for Gas Insulated Switchgear, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

Segment by Type
-High Voltage Gas Insulated Switchgear
-Medium Voltage Gas Insulated Switchgear

Segment by Application
-Power Transmission Utility
-Power Distribution Utility
-Power Generation Utility
-Infrastructure and Transportation
-Industries & OEMs

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