Gas-Insulated Power Equipment Market Projected To Flourish At 9.05% CAGR Throughout The Forecast Period

29-Sep-2020 | Zion Market Research

According to the report published by Zion Market Research, global demand for Gas Insulated Power Equipment market was valued at approximately USD 19.5 Billion in 2019, and is expected to generate revenue of around USD 32.8 Billion by end of 2026, growing at a CAGR of around 9.05% between 2020 and 2026. The rising adoption of renewable power generating resources, growing investment in the distribution & transmission infrastructure, the electricity access-related initiatives taken by governments, and the shortage of land in densely populated urban places are jointly propelling the gas-insulated power equipment market.

The leading contenders profiled in the report that are driving the global gas-insulated power equipment market growth are Siemens, GE, CG, Larsen & Toubro, Toshiba, Hyundai, Chint Electric, Nissin Electric, ABB, Fuji Electric, Hitachi, Schneider Electric, Meidensha, Hyosung, and Mitsubishi Electric, among others.

ABB is among the leading market players in the power and automation sector. The Swiss multinational automation company offers a variety of products, services, and tech-based systems to several end-users including transportation, infrastructure, and utility industries. The gas-insulated heavy switchgear offered under ABB's electrification products division is accounted for more than one-fourth of the company's net sales in 2016.

Global Gas-Insulated Power Equipment Market

Transmission And Distribution Infrastructure Development Drives The Global Gas-Insulated Power Equipment Market

The key factor driving the growth of the global gas-insulated power equipment market is the appropriate establishment of distribution and transmission infrastructure across the regions to fulfill the rising electricity demand for which several countries are arranging huge investments. Several countries are investing in developing their transmission and distribution infrastructure to meet the increasing demand for electricity. For instance, Saudi Arabia has planned to invest around USD 100 billion in the next 10 years to increase the domestic power generation by twofold i.e. from the current 40,000 MW to 80,000 MW. The heavy power equipment not only cuts the operational and maintenance charges but also solves the space constraint problem. On the contrary, the factor restraining the market growth is the high installation charges of the power equipment. Gas-insulated power equipment is costlier than the air-insulated power equipment with almost the same specifications.

The global gas-insulated power equipment market is categorized on the basis of voltage, type, technology, installation, end-user, and by region. By voltage, the global market is bifurcated into high voltage, extra-high voltage, ultra-high voltage, sub-transmission voltage, and distribution voltage. By type, the market is divided into gas-insulated high-voltage switchgear and gas-insulated medium-voltage switchgear. By technology, the market is classified into compact gas-insulated power equipment, integrated three-phase, and hybrid switchgear. By installation, the market is segregated into outdoor and indoor. By the end-user, the global market is bifurcated into power generation utility, power transmission utility, infrastructure & transportation, power distribution utilities, and industries & OEMs.

Rising Electricity Demand Likely To Flourish The Gas-Insulated Power Equipment Market In Asia Pacific

Based on the regional analysis, Asia Pacific held a significant share in the global gas-insulated power equipment market in 2018. The region is expected to attain the dominating position in the market throughout the forecast period. The key reason behind being the leader is that the Asia Pacific is the densely populated region across the globe and therefore witnesses a huge demand for electricity.

Browse the full “Gas Insulated Power Equipment Market Product (switchgear (GIS) and gas insulated transmission lines), Application (HVDC and HVAC)): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/gas-insulated-power-equipment-market

The global gas-insulated power equipment market is segmented as follows:

By Voltage

  • High Voltage
  • Extra-High Voltage
  • Ultra-High Voltage
  • Sub-Transmission Voltage
  • Distribution Voltage

By Type

  • Gas-insulated high-voltage switchgear
  • Gas-insulated medium-voltage switchgear
    • Primary Distribution
    • Secondary Distribution

By Technology

  • Compact Gas-insulated power equipment
  • Integrated Three Phase
  • Hybrid Switchgear

By Installation

  • Outdoor
  • Indoor

By End-User

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

By Region:

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com

Office Address

Contact Us

Zion Market Research
Tel: +1 (844) 845-5245
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #

US OFFICE NO +1 (844) 845-5245
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • paypal
  • amazon
  • visa
  • master card

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed