Market overview
During 2022-2030 the global gas insulated switchgear market had moderate growth. During
2022-2030 the market will grow at a CAGR of around 10.50%. Due to the pandemic
covid 19, the market is continuously under tracking and evaluation of direct as
well as the indirect influence of the lockdowns and shutdowns on the different
end-use industries. The gas-insulated switchgear refers to a compact metal closed
cabinet, which consists of high voltage components that include circuit
breakers, disconnectors and relay switches. These are insulated using sulfur
hexafluoride that helps in vacuuming and circuit breaking in an electric
system. In case of adverse conditions, it helps in energy transmission and
integration of power generation to the grid by protecting the distribution
mechanism by disengaging the system. In comparison to any other air-insulated
switchgear, GIS is more reliable, environmentally friendly, adaptable and
requires less maintenance. These are installed in the extension of roofs,
industrial plants and offshore platforms. There are a few main key players who
operates the market in the competitive landscape. ABB, Alstom, Benchmarking,
Bharat heavy electricals, Eaton corporation, general electric company, Hitachi,
Larsen and Turbo, Mitsubishi electrical, Powell Industries, Siemens, Toshiba
International etc.
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Market segmentation
The gas-insulated
switchgear market is segmented under the following components as
By Type:
·
High Voltage GIS
·
Medium Voltage GIS
·
Low Voltage GIS
By Installation:
·
Indoor
·
Outdoor
By Technology:
·
Hybrid Switchgear
·
Integrated Three Phase
·
Compact Gas Insulated Switchgear
By Voltage:
·
<38 kV
·
38 kV to 72 kV
·
73 kV to 150 kV
·
>150kV
By End-Use Sector:
·
Power Transmission
·
Power Distribution
·
Power Generation
·
Infrastructure and Transportation
·
Others
By Region
·
The Asia Pacific
§ China
§ Japan
§ India
§ South Korea
§ Australia
§ Indonesia
§ Others
·
Europe
§ Germany
§ France
§ the United Kingdom
§ Italy
§ Spain
§ Russia
§ Others
·
North America
§ the United States
§ Canada
·
Latin America
§ Brazil
§ Mexico
§ Argentina
§ Colombia
§ Chile
§ Peru
§ Others
·
The Middle East and Africa
§ Turkey
§ Saudi Arabia
§ Iran
§ The United Arab Emirates
§ Others
Regional analysis
·
Europe is the region that will hold the dominant gas-insulated switchgear
market share geographically on the basis of increasing power consumption,
upgradation of hydropower plants and the government initiatives that were taken
for improving grid infrastructure.
·
The increase in investments in the expansion of distribution and
transmission networks will help Asia pacific hold a notable share.
·
North America will have significant growth on the basis of investments made
for the enhancement of transmission, distribution, and overall performance of the
generation of electric power for avoiding losses.
·
The middle east and African market will rise tremendously on the basis of
the dominance of oil and gas plants that emphasizes the development of
distribution and transmission of electric power.
Industry news
- According to market research,
HV Switchgear market will be approaching $28.8bn by 2026
- The outdoor gas-insulated
switchgear market is expected to grow well at CAGR ABB, Siemens.
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