Press release
Gas Insulated Switchgear (GIS) Market Research Report 2023
The global Gas Insulated Switchgear (GIS) market was valued at US$ 5211 million in 2022 and is anticipated to reach US$ 6694.5 million by 2029, witnessing a CAGR of 3.6% during the forecast period 2023-2029.
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Gas Insulated Switchgear (GIS) 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 influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
By Type
• Up to 38 KV
• 38 KV to 72KV
• 72 KV to 150KV
• Above 150 KV
By Application
• Power Transmission
• Integration to the Grid
• Industry Applications
Key Players
ABB, GE Grid Solutions, Siemens, Mitsubishi Electric, Toshiba, Fuji Electric, Hyundai, Eaton, Hyosung, Schneider Electric, Nissin Electric, Crompton Greaves, Xi'an XD High Voltage, NHVS, Shandong Taikai, Pinggao Electric Co., Ltd, Sieyuan Electric, CHINT Group
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