Gas Insulated Switchgear Market Growth, Trends and Forecast by 2031

MARKET INTRODUCTION

The gas-insulated switchgear or GIS is a kind of metal-enclosed switchgear, which accommodates all the necessary components of switchgear in a limited space. It is available from 12 kV to 800 kV system. Rising energy demand and space constraints in the urban areas are some factors driving the growth of the gas insulated switchgear market during the forecast period. Alongside the rapid implementation of smart grids across the globe is expected to create a positive outlook for the gas insulated switchgear market in the future.

MARKET DYNAMICS

The gas insulated switchgear market is anticipated to grow in the forecast period owing to the rising share of renewable power generation and robust investments in the transmission and distribution infrastructure. Furthermore, government initiatives towards improving electricity access in developing countries is yet another factor promoting market growth. Stringent environmental and safety regulations may hinder the growth of the gas insulated switchgear market during the forecast period. On the other hand, the adoption of HDVC technology would create lucrative growth opportunities for the key players operating in the gas insulated switchgear market.

MARKET SCOPE

The "Global Gas Insulated Switchgear Market Analysis to 2031" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of gas insulated switchgear market with detailed market segmentation by type, voltage, end user, and geography. The global gas insulated switchgear market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading gas insulated switchgear market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global gas insulated switchgear market is segmented on the basis of type, voltage, and end user. Based on type, the market is segmented as medium voltage gas insulated switchgear and high voltage gas insulated switchgear. On the basis of the voltage, the market is segmented as distribution voltage, sub-transmission voltage, high voltage transmission, extra high voltage transmission, and ultra-high voltage transmission. The market on the basis of the end user is classified as power generation utilities, power transmission utilities, power distribution utilities, infrastructure & transportation, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global gas insulated switchgear market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The gas insulated switchgear market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting gas insulated switchgear market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the gas insulated switchgear market in these regions.

MARKET PLAYERS

The reports cover key developments in the gas insulated switchgear market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from gas insulated switchgear market are anticipated to lucrative growth opportunities in the future with the rising demand for gas insulated switchgear in the global market. Below mentioned is the list of few companies engaged in the gas insulated switchgear market.

The report also includes the profiles of key gas insulated switchgear companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

•  ABB Ltd.
•  CG Power and Industrial Solutions Ltd
•  Eaton Corporation
•  Fuji Electric Co., Ltd.
•  Hitachi, Ltd.
•  Kanohar Electricals Ltd.
•  Mitsubishi Electric Corporation
•  Schneider Electric SE
•  Siemens AG
•  Toshiba Corporation

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Gas Insulated Switchgear Report Scope