Gas Insulated Switchgear (GIS) is a
metal enclosed switchgear that consists of components such as circuit breakers
and disconnectors. Market Research Future (MRFR) has published a research
report about the global gas insulated switchgear market that foretells advancement for this
market at 8.77% CAGR (Compound Annual Growth Rate) during the forecast period between 2016 and 2023.
The key factors driving the global
gas insulated switchgear market growth include a significant increase in electric
power consumption and demand for electricity due to numerous electrification
projects in several developing countries. Another factor contributing to market
growth is the growing power consumption rate across developed countries.
Industry Segmentation
The global gas insulated switchgear
market has been segmented on the basis of the end users, installation, voltage,
and lastly, region. Based on end-users, this market has been segmented into infrastructure
& transportation, transmission & distribution, and manufacturing. The
installation-based segmentation segments the market into indoor installation
and outdoor installation. Regarding voltage, the market has been segmented into
up to 36 Kilo Volt (kV) and above 36 kV.
Regional Outlook
The regional segmentation of the
global gas insulated switchgear market can segment the market into the regional
markets namely North America, Europe, Asia Pacific, South America, and the
Middle East & Africa (MEA). Asia Pacific region is the biggest regional
market because countries like China, India, and Japan are investing in their
grid expansion projects in order to increase distribution grid reliability. In
these countries, the demand for electricity is growing due to industrialization
and infrastructural developments.
North America is another crucial
regional market due to technological advancement and the presence of many key
market players. The maximum-revenue generating country-specific markets in this
region are the USA, Canada, and Mexico.
Europe is another significant regional
market primarily due to the vibrant automotive industry, the presence of many
key market players, and the technological advancement that is second only to North
America. The vital country-specific markets in this region are France, Germany,
Italy, Russia, and the UK, followed by remaining countries of Europe.
Get
Complete Report @ https://www.marketresearchfuture.com/reports/gas-insulated-switchgear-market-1108
Key Players
The key players in the global gas
insulated switchgear market include ABB (Switzerland), CG Power (India), Fuji
Electric (Japan), General Electric (USA), Hyosung (China), Larsen &Toubro
(India), Mitsubishi Electric (Japan), Nisin Electric (Japan), Siemens
(Germany), and Toshiba (Japan).
Latest Industry News
·
Mitsubishi Electric
Corporation has developed two technologies for gas-insulated switchgear. One is
an arc-cooling technology that has reduced the interruption of electrical
current in sulfur-fluoride (SF6) gas-insulated switchgear used in high-voltage
power systems by 25%. The high-density dielectric coating technology improves
insulation performance by 30% in high-voltage conductors. 4 FEB 2019
·
Kanohar Electricals has
commenced Uttarakhand's first 220/ 33Kv Gas Insulated Substation in their
electrical transmission network in Dehradun. 14 FEB 2019
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