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Gas Insulated Switchgear Market Forecast to 2026 – COV9D-19 Impact Analysis by Type; Voltage; Technology, End-User and Region

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Gas Insulated Switchgear Market Forecast to 2026 – COV9D-19 Impact Analysis by Type; Voltage; Technology, End-User and Region

October 05
06:46 2020
Gas Insulated Switchgear Market Forecast to 2026 - COV9D-19 Impact Analysis by Type; Voltage; Technology, End-User and Region
The “Gas Insulated Switchgear Market Forecast to 2026 – COV9D-19 Impact Analysis by Type; Voltage; Technology, End-User and Region” report has been added to ReportOcean.com offering.

Global Gas Insulated Switchgear market is estimated to grow at a CAGR of 8.70% during the forecast period 2019-2026.

Gas insulated switchgear is a compact metal encapsulated switchgear consist of high-voltage components such as circuit-breakers and disconnectors.

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Gas insulated switchgear market is driven by various growth factors such as rising application of advanced electronic equipment in power transmission, increasing share of renewable power generation, rising government initiative towards improving electronic access and increasing investments in transmission & distribution infrastructure. However, stringent environment & safety regulations and high cost of equipment as compared to air insulated switchgear may impede the market growth over the forecast period. Whereas, surge in investment activities in smart grid and energy systems and rising adoption of high voltage direct current technology will offer lucrative opportunities for the market growth. Gas insulated switchgear substations are comparatively expensive to air-insulated substations, but GIS substations promise high ROI, with less operational costs and high resistance to the damage of snow, air, salt and sand.

The Asia Pacific gas insulted switchgear market dominate the global gas-insulated switchgear industry with significant market portion of market share. The dominating regional market growth is attributed to high demand of electricity in the region and growth of industrialization and infrastructural development in the region. The APAC region witness high demand of electricity in developing regions such as India, Japan and China. Increasing demand of electricity along with increasing pressure to curb CO2 emission which support the upgradation of aging electrical infrastructure and number of substations in the region.

Gas insulated switchgear can be installed in both indoor and outdoor construction. In indoor areas, gas-insulated switchgear is generally made up of metal-clad type, in which all working parts are enclosed in an earthed metal casing. These types of switchgears are used in medium-voltage applications, which suits the demand of indoor environments such as commercial and industrial applications for power stability. Hence, demand for uninterrupted power supply is a major factor supporting the demand for indoor gas-insulated switchgears.

Although, COVID-19 have negative impact on the gas-insulated switchgear market irrespective of the region, due to drastic downfall in the economy of some of the major countries of different regions.

ABB, Benchmarking, Fuji Electric, GE, Hitachi, Hyundai Heavy Industries, Mitsubishi Electric, Nissin Electric, Schneider Electric and Siemens among others are some major key players profiled in the research study of the global gas insulated switchgear market. Companies are adopting various key strategies to dominate the marketplace with competitive developments. For instance, in January 2020, Siemens acquired C&S Electric with its major operations in metering devices, busbar and switchgear; the strategical development will help the company to expand in Indian market. In March 2020, ABB gained a contract by El Sewedy Electric T&D for high-voltage gas-insulated switchgears with shunt reactors.

Segmentation Overview of the Global Gas Insulated Switchgear Market

The global gas insulated switchgear market is categorized on the basis of type, voltage, technology, end-user and installation. These segments are further categorized on the basis of various sub-segments to study the market in detail.

The type segment of the global gas insulated switchgear market is sub-segmented into:

  • High Voltage gas insulated switchgear
  • Medium Voltage gas insulated switchgear

The voltage segment of the global gas insulated switchgear market is sub-segmented into:

  • High voltage
  • Extra-high voltage
  • Ultra-high voltage
  • Distribution voltage
  • Sub transmission voltage

The technology segment of the global gas insulated switchgear market is sub-segmented into:

  • Compact gas insulated switchgear
  • Hybrid switchgear
  • Integrated three phases

The end-user segment of the global gas insulated switchgear market is sub-segmented into:

  • Power Generation Utility
  • Power Distribution Utility
  • Power Transmission Utility
  • Infrastructure and transportation
  • Industries & OEMs

The installation segment of the global gas insulated switchgear market is sub-segmented into:

  • Indoor
  • Outdoor

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