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High Voltage Gas Insulated Switchgear (GIS) Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
High Voltage Gas Insulated Switchgear (GIS) Market SizeThe global High Voltage Gas Insulated Switchgear (GIS) market was valued at US$ 5221.4 million in 2022 and is anticipated to reach US$ 6707.9 million by 2029, witnessing a CAGR of 3.6% during the forecast period 2023-2029.
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High Voltage Gas Insulated Switchgear (GIS) Market
High Voltage Gas Insulated Switchgear (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.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
In 2019, 72 KV to 550KV accounted for a major share of about 86% the global High Voltage Gas Insulated Switchgear (GIS) market.
Based on application, In High Voltage Gas Insulated Switchgear (GIS) market.
Asia-Pacific held a key market sales share of the High Voltage Gas Insulated Switchgear (GIS) market in 2019 which account for 55.00%.
In 2019, ABB, Siemens and GE ranked top 3 of the revenue share in global market.
Report Scope
This report aims to provide a comprehensive presentation of the global market for High Voltage Gas Insulated Switchgear (GIS), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding High Voltage Gas Insulated Switchgear (GIS).
The High Voltage Gas Insulated Switchgear (GIS) market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global High Voltage Gas Insulated Switchgear (GIS) market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the High Voltage Gas Insulated Switchgear (GIS) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
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Segment by Type
• 72 KV to 550KV
• 36 KV to 72.5KV
• Above 550 KV
Segment by Application
• Power Plant
• Factory
• Others
By Company
ABB, Siemens, GE, Hyosung Heavy Industries, Hitachi, Mitsubishi, Fuji Electric, Hyundai Electric, CG, Shandong Taikai, XD Electric, Pinggao Electric, Sieyuan, NHVS, Tbea, CHINT Group
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