High Trend in Global Gas Insulated Switchgear Market 2022 Size, Cost, Gross, Market Share & CAGR Values Detailed Analysis

Description:

Global Gas Insulated Switchgear market is accounted for $15.4 billion in 2015 and is expected to reach $31.6 billion by 2022 growing at a CAGR of 10.8% from 2015 to 2022. Increasing demand for Gas Insulated Switchgear in Asia Pacific, space constraints, safety, reliability and substation security, low maintenance, longer life span and high capacity of power transmission offered by GIS are the factors favoring the market growth. Technical complicacy and harmful effects of SF6 are the factors hampering the market growth.

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Gas insulated switchgear is commanded by high voltage GIS with highest share in total GIS market. The market is growing at a significant rate due to increasing demand for extra high voltage and ultra-high voltage transmission system that needs GIS for secure power transmission and distribution. Transmission & distribution dominates the end user market, mainly due to increasing demand for EHV and UHV transmission system to reduce the transmission losses. Asia-Pacific is the largest market due to ongoing projects in implementation of EHV and UHV transmission lines in China, Japan, and India.

Some of the key players in global Gas Insulated Switchgear market are ABB Ltd., Alstom SA, Crompton Greaves Limited, Dongfang Electricals Ltd, Fuji Electric Co. Ltd., GE Digital Energy, Hitachi Ltd., Hyundai Heavy Industries Co. Ltd., Hyosung Power & Industrial Systems, Henan Pinggao Electric Co., Ltd., Kanohar Electricals Ltd., LumaSense Technologies, Mitsubishi Electric Corporation, Nissin Electric Co. Ltd., Siemens AG, Schneider Electric SE and Toshiba Corporation.

Types Covered:
Medium Voltage GIS
Primary Distribution Medium Voltage GIS
Secondary Distribution Medium Voltage GIS
High Voltage GIS
End Users Covered:
Infrastructure & Transportation
Transmission & Distribution
Power Generation
Manufacturing & Processing
Other End Users

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt

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