Gas Insulated Switchgear Market 2017 Research Report by Size, Growth, Trends and Forecast to – 2024
Global Gas Insulated Switchgear Market Report added by Gminsights.com offers industry size, share, growth, trends and forecast analysis up to 2024. Gas Insulated Switchgear Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global or the period 2018 to 2023.
The Gas Insulated Switchgear Market report add detailed competitive landscape of the global market. It includes company, market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the industry based on product segment, technology, end user segment and region.
Browse key industry insights spread across 270 pages with 454 market data tables & 11 figures & charts from the report, “Gas Insulated Switchgear Market Size By Capacity (<38kV, 38kV ≤ 72kV, ≥ 72kV ≤ 150kV, >150kV), By Voltage Level (Medium Voltage (Primary Distribution, Secondary Distribution), High Voltage), By Application (Transmission & Distribution, Manufacturing & Processing, Infrastructure & Transportation, Power Generation, Other), By Installation (Indoor, Outdoor), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, Italy, Russia, France, Spain, China, India, Japan, South Korea, Indonesia, Malaysia, Singapore, Thailand, Taiwan, Philippines, New-Zealand, Australia, Saudi Arabia, UAE, South Africa, Bahrain, Qatar, Oman, Kuwait, Egypt, Turkey, Brazil, Argentina, Peru), Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/gas-insulated-switchgear-market
Gas Insulated Switchgear Market is set to surpass USD 29 billion by 2024. Shifting trend towards adoption of clean energy resources along with expansion of existing transmission and distribution network will propel gas insulated switchgear market growth. In 2017, Siemens received a contract from the general water & electricity corporation based in Qatar, KAHRAMAA, to expand country's power transmission network. The company is responsible for the designing, manufacturing, supply, installation, and commissioning of up to 400 kV GIS for the substation.
UK gas insulated switchgear market is predicted to grow over 6% owing to the integration of micro grid networks coupled with positive outlook towards renewable energy sector. In 2015, ABB announced to deliver GIS substations for the Rampion Offshore Wind Farm in UK to integrate the wind farm into transmission grid. The 400 MW project aims at supporting the country's target of attaining 15% of the overall energy production from renewables by 2020.
Excellent insulating property along with high reliability index are few parameters which will stimulate the infrastructure and transport applications. Growing investments toward the construction of zero emission buildings will further complement the gas insulated switchgear growth. In July 2015, the EU Commission proclaimed to invest USD 78.95 million in nearly Zero-Emission Buildings (nZEB) under the Affirmative Integrated Energy Design Action project.
Extensive applications across several industries including marine, Oil & Gas, and mining will augment the MV gas insulated switchgear market growth. Ongoing product innovation along with some key features including simple & safe installation and ease of availability will further complement the business outlook. In August 2015, ABB developed innovative medium voltage products including GIS with a new concept for protection, control, measurement and digital communication.
Light weight, compact size, arc-quenching property and high dielectric strength are some of the key features which will embellish the gas insulated switchgear market size. GIS requires 1/10th of the overall space when compared with conventional switchgear. In 2014, Hitachi entered into an agreement with Electricity Generating Authority of Thailand (EGAT) for construction and supply of Chaiya Phum substations. The contract includes designing, engineering, supply, installation and commissioning of 500kV GIS.
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