Gas Insulated Switchgear Market Size Will Exhibit Notable CAGR of 7.2% and Reach USD 36.60 Billion by 2026 with Major Shares Covered by Companies such Siemens, ABB, and Mitsubishi Electric Corporation Owing to Collaborative Investments
The global gas insulated switchgear market size is projected to reach USD 36.60 billion by 2026 on account of the increasing demand for energy worldwide. Gas insulated switchgear market is a substation with high voltage wherein major electrical equipment is placed in a sealed environment with an insulating medium, i.e., sulfur hexafluoride gas or SF6. All electrical switching equipment such as busbars, earth switches, isolators, circuit breakers, and others are completely enclosed inside modules filled with the SF6 gas. A recently published report by Fortune Business Insights™ titled, “Gas Insulated Switchgear Market Size, Share and Industry Analysis, By Voltage (Up to 66 kV, 66 kV – 170 kV, 170 kV – 550 kV, and Above 550 kV), By Installation (Indoor and Outdoor), By End User (Utility, Industrial, Commercial, and Others), and Regional Forecast, 2019-2026.”
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The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other Gas insulated switchgear Market trends. The report is available for sale on the company website.
Key Players Gas Insulated Switchgear Market:
- Fuji Electric
- Mitsubishi Electric Corporation
- Hitachi, Ltd.
- Nissin Electric Co Ltd
- Meidensha Corporation
- CHEM Group
- Schneider Electric
- Hyundai Electric & Energy Systems Co., Ltd.
- Toshiba International Corporation
- Larsen & Toubro
- Bharat Heavy Electricals Limited
- Other Players
Upgradation of Hydropower Plants Will Help Europe Dominate Market
Geographically, Europe will hold the dominant gas insulated switchgear market share on account of upgradation of hydropower plants, increasing power consumption, and government initiatives that were taken for improving grid infrastructure. Additionally, the increasing investments in the expansion of distribution and transmission networks will help Asia Pacific hold a notable share. Besides this, the North America market will witness significant growth on account of major investments made for the enhancement of transmission, distribution, and the overall performance of the generation of electric power for avoiding losses. Most companies located in this region are acquiring their substation for efficient and reliable power transmission which will ultimately add significant value to the regional market. The Middle East and Africa market, on the other hand, will rise remarkably on account of the dominance of oil and gas plants that further emphasizes the enhancement of distribution and transmission of electric power. Countries in Africa are emphasizing on increasing their grid infrastructure for aiding in the expansion of the market in the forecast period.
Table Of Content Gas insulated switchgear market:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
4. Key Insights
- Key Emerging Trends – For Major Countries
- Latest Technological Advancement
- Regulatory Landscape
- Industry SWOT Analysis
- Porters Five Forces Analysis
5. Global Gas Insulated Switchgear Market Analysis (USD Billion), Insights and Forecast, 2015-2026
5.1 Key Findings / Summary
5.2 Market Analysis, Insights and Forecast – By Voltage
- Up to 66 kV
- 66 kV – 170 kV
- 170 kV – 550 kV
- Above 550 kV
5.3 Market Analysis, Insights and Forecast – By Installation
5.4 Market Analysis, Insights and Forecast – By End-User
5.6 Market Analysis, Insights and Forecast – By Region
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
6. North America Gas Insulated Switchgear Market Analysis (USD Billion), Insights and Forecast, 2015-2026
6.1 Key Findings / Summary
6.2 Market Analysis, Insights and Forecast – By Voltage
- Up to 66 kV
- 66 kV – 170 kV
- 170 kV – 550 kV
- Above 550 kV
6.3 Market Analysis, Insights and Forecast – By Installation
6.4 Market Analysis, Insights and Forecast – By End-User
6.5 Market Analysis, Insights and Forecast – By Country
Important Features that are under Offering and Key Highlights of the Market Report:
- Detailed overview of Market Share
- Changing market dynamics of the industry
- In-depth market segmentation by Type, Application, etc.
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising market growth
Regional Analysis for Gas insulated switchgear Market:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Other Exclusive Reports:
Gas insulated switchgear market size was USD 21.13 bil, elion in 2018 and is projected to reach USD 36.60 billion by 2026.
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