The report provides a picture on gas insulated switchgear across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments such as type, application, service, and region.
The gas insulated switchgear market is expected to reach a market size of USD 25.95 billion by 2021, gas insulated switchgear market at a CAGR of 9.4% from 2016 to 2021.
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In GCC (Gulf Cooperation Council) countries, the fastest growth of the gas insulated switchgear market is attributed to the existing huge manufacturing and processing sector, and growing power generation segments. The GCC countries have plans to restructure their power sectors, thereby encouraging the private sector to invest in this industry.
There is an increase in demand for power in the region due to rapid population, commercial, and industrial growth in their respective countries.
The GCC power grid has helped power sector in the region to transform into a major trading market. Get Complete report on “Gas Insulated Switchgear market” spread across 190 pages, profiling 15 companies and supported with 141 tables and 47 figures is now available at www.reportsnreports.com/reports/30…asts-to-2019.html
Gas insulated switchgear are used to control, protect, and isolate electrical equipment in power systems. Investments in transmission & distribution infrastructure, infrastructure & transportation, and power generation sectors in GCC (Gulf Cooperation Council) countries is driving the demand of gas insulated switchgear in the region.
Compact design of the switchgear, higher efficiency as compared to conventional switchgear, solid insulated switchgear, and air insulated switchgear, high serving life, and low maintenance is expected to drive the growth of the gas insulated switchgear market. High cost of equipment as compared to air insulated switchgear affects the revenue of established players.
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The leading players in the gas insulated switchgear market include ABB Ltd. (Switzerland), Mitsubishi Corporation (Japan), General Electric (U.S.), Schneider Electric (France), and Siemens AG (Germany).
The report’s target audience includes:
- Gas insulated switchgear manufacturing companies
- Builders and contractors
- Government and industry associations
- Investment and consulting firms
- Power distribution utilities
- Process and manufacturing plants
- State and national regulatory authorities
- State- or government-owned corporations
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“Medium voltage gas insulated switchgear type is the fastest growing segment”
Medium voltage gas insulated switchgear is the fastest growing segment in the global gas insulated switchgear market in 2015. It continues to hold the highest position during the forecast period, due to rising demand for power distribution in urban areas that need compact and efficient solution such as medium voltage gas insulated switchgear at substations.
Targeted On the basis of source, Application from Table of content
6 Gas Insulated Switchgear Market, By Voltage Range
6.2 < 38 kV Segment
6.3 38 kV – 72 kV Segment
6.4 72 kV – 150 kV Segment
6.5 Above 150 kV Segment
7 Gas Insulated Switchgear Market, By Type
7.2 High Voltage Gas Insulated Switchgear
7.3 Medium Voltage Gas Insulated Switchgear
7.3.1 Primary Distribution Medium Voltage Gas Insulated Switchgear
7.3.2 Secondary Distribution Medium Voltage Gas Insulated Switchgear
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