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.
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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.
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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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