According to the latest report by IMARC Group titled, “Gas Insulated Switchgear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global gas insulated switchgear market exhibited moderate growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 6% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
A gas insulated switchgear (GIS) is a metal-enclosed structure that comprises high-voltage components, such as circuit-breakers and disconnectors and sulfur hexafluoride gas. It is compact and requires less operation and maintenance costs as compared to an air insulation switchgear. As a result, it is widely installed in confined spaces, such as buildings, offshore platforms and industrial and hydropower plants.
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An increase in the implementation of smart grids and smart metering technology has significantly improved the power distribution sector. This, in turn, is catalyzing the demand for gas insulated switchgear across the globe. Apart from this, owing to the increasing consumption of electricity worldwide, governments of several countries are investing in the upgradation of transmission and distribution (T&D) infrastructure, which is propelling the market growth. Furthermore, rising power consumption, especially in emerging economies, owing to numerous electrification projects, is anticipated to favor the market in the coming years.
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List of Key Companies Covered in this Market Report:
- Bharat Heavy Electricals Limited
- Eaton Corporation
- General Electric Company
- Larsen & Toubro
- Meidensha, Mitsubishi Electric
- Powell Industries
- Schneider Electric
- Siemens Toshiba International Corporation
Breakup by Type
- High Voltage GIS
- Medium Voltage GIS
- Low Voltage GIS
Breakup by Installation
Breakup by Technology
- Hybrid Switchgear
- Integrated Three Phase
- Compact Gas Insulated Switchgear
Breakup by Voltage
- <38 kV
- 38 kV to 72 kV
- 73 kV to 150 kV
- > 150 kV
Breakup by End-Use Sector
- Power Transmission
- Power Distribution
- Power Generation
- Infrastructure and Transportation
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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