Press release
Gas Insulated Switchgear Market: Growing Demand and Key Players - Valuates Reports
The Gas Insulated Switchgear (GIS) market is experiencing steady growth, projected to increase from US$ 5426.7 million in 2023 to US$ 6709.6 million by 2029, with a Compound Annual Growth Rate (CAGR) of 3.6% during the forecast period.Get sample report - https://reports.valuates.com/request/sample/QYRE-Auto-38A8262/Global_Gas_Insulation_Switchgear_Market_Insights_and_Forecast_to_2028
Gas Insulated Switchgear (GIS) is a type of metal-enclosed switchgear wherein all electrical equipment is enclosed within a gas-tight metal enclosure. SF6 gas is used as insulation between live parts of the equipment and the earthed metal enclosure. This technology is particularly beneficial for establishing electrical substations in confined spaces.
Market Dominance and Key Players:
The GIS market is dominated by major players such as ABB, Siemens, GE, Hyosung Heavy Industries, Shandong Taikai, XD Electric, Sieyuan, among others. The top seven players collectively hold about 45% of the market share.
Regional Insights:
China is the largest GIS market, accounting for approximately 40% of the market share, followed by Europe with around 30% market share.
Market Research Objectives:
This report aims to comprehensively research and analyze the GIS market, focusing on both the production and consumption sides. It delves into production, growth rate, and market share by manufacturers and regions from 2018 to 2023, with a forecast till 2029. Similarly, it focuses on the sales of GIS by region, company, type, and application from 2018 to 2023, projecting market trends through 2029.
Market Overview and Projections:
The report offers an overview of the global GIS market, including capacity, output, revenue, and price trends. It analyzes historic market revenue/sales data for 2018 to 2022, estimates for 2023, and projects the CAGR through 2029. Moreover, it provides insights into upcoming market potential and key regions/countries for segmentation and sub-segmentation. Country-specific data and market value analysis are presented for various regions, including the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and other countries.
Competitive Landscape:
The report focuses on the sales, revenue, market share, and industry ranking of key GIS manufacturers from 2018 to 2023. It identifies major stakeholders in the global GIS market, analyzing their competitive landscape and market positioning based on recent developments and segmental revenues. Stakeholders can use this information to gain insights into the competitive landscape and develop effective market strategies.
Segment Analysis and Market Size Forecast:
The report evaluates and forecasts the market size for GIS sales, projected growth trends, production technology, applications, and end-user industries from 2018 to 2029. Detailed company profiles of major global players, including ABB, Siemens, Schneider Electric, Nissin Electric, Mitsubishi Electric, HYUNDAI ELECTRIC, Hitachi, GE, and Fuji Electric, are included.
Get Detailed report - https://reports.valuates.com/market-reports/QYRE-Auto-38A8262/global-gas-insulation-switchgear
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