Product Code: MRFR/E&P/0602-CR
Market Overview
Gas Insulated Switchgear Market is anticipated to exhibit a healthy CAGR of 9.8% during the review period. Gas Insulated Switchgear (GIS) is a unit that houses circuits in a solitary gas tank with a minimized space. Gas-insulated switchgear parts are turning out to be increasingly more significant due to their promising properties. Idle, non-combustible SF6 gives protection multiple times more grounded than air; in this manner, it is utilized as a protecting medium, which can lessen the size and area of high voltage switchgear parts. For added security, a shock-evidence-establishing gadget and an electrical switch to keep electric shocks from lightning are likewise included.
What's more, worldwide worries with respect to expanding fossil fuel byproducts and ensuing measures to control these outflows through strategy mandates are a couple of variables driving the improvement of the sustainable power area in numerous countries. Plans like Clean Energy Projects are the great points of support that are supposed to produce the sustainable area. Medium voltage GIS is great for land-based sun-powered projects with restricted space drifting sun-oriented projects or other sustainable power projects where the primary objective is to lessen enormous land use. GIS likewise lessens the time expected to introduce AIS substations for huge sun-based PV projects or other environmentally friendly power projects. This guarantees the development of the gas-insulated switchgear market.
Market Segmentation
The Gas Insulated Switchgear Market has been divided into two categories based on installation: indoor and outdoor. The market is divided into five categories based on voltage: up to 27 kV, 27 kV to 36 kV, 36 kV to 72.5 kV, 72.5 kV to 145 kV, and Above 145 kV.
The Gas Insulated Switchgear Market is segmented into SF6 and SF6 free based on the kind of insulation. The market is divided into power generation, steel plants, refineries, big industrial plants, railways, and others based on the application.
Regional Insights
Asia-Pacific held the biggest market esteemed at USD 7,126.5 million in 2022 and is supposed to show a CAGR of 10.5%. China is the biggest supporter of the gas-insulated switchgear market. China is a quickly developing economy with the principal areas driving the economy like assembling, mining, development, and others. Moreover, with the populace development and urbanization of the region, China's power age power is speeding up, which will build the demand for power trade in China. As of late in 2021, ABB and its accomplices and providers have fostered an electric generator system that can finish every one of the assessments of the State Lattice Organization of China (SGCC). your network. To construct and introduce 1,100 kV GIS, ABB and China's biggest GIS supplier, Xi'an Shikai, have made a joint undertaking called "ELK-5".
Major Players
Key Companies in Gas Insulated Switchgear Market are Hitachi Energy, GE, (Switzerland), Siemens Energy (Germany), Schneider Electric (France), General Electric (US), Eaton Corporation (Ireland), Mitsubishi Electric (Japan), Hyundai Electric & Energy Systems (South Korea), Larsen & Toubro (India), Crompton Greaves (India), Hyosung Heavy Industries Corporation (Hong Kong), Toshiba Energy Systems & Solutions Corporation (Japan), CHINT Electric (Germany), Powell Industries (Texas), Meidensha Corporation (Japan), and Nissin Electric Co., Ltd (Japan).
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 16
- 1.1 MARKET ATTRACTIVENESS ANALYSIS 18
- 1.1.1 GLOBAL GAS INSULATION SWITCHGEAR MARKET, BY VOLTAGE 19
- 1.1.2 GLOBAL GAS INSULATION SWITCHGEAR MARKET, BY INSTALLATION 20
- 1.1.3 GLOBAL GAS INSULATION SWITCHGEAR MARKET, BY APPLICATION 21
- 1.1.4 GLOBAL GAS INSULATION SWITCHGEAR MARKET, BY INSULATION TYPE 22
2 MARKET INTRODUCTION 23
- 2.1 DEFINITION 23
- 2.2 SCOPE OF THE STUDY 23
- 2.3 MARKET STRUCTURE 23
3 RESEARCH METHODOLOGY 24
- 3.1 RESEARCH PROCESS 24
- 3.2 PRIMARY RESEARCH 25
- 3.3 SECONDARY RESEARCH 26
- 3.4 MARKET SIZE ESTIMATION 27
- 3.5 TOP DOWN &BOTTOM UP APPROACH 27
- 3.6 FORECAST MODEL 28
- 3.7 LIST OF ASSUMPTIONS 29
4 MARKET INSIGHTS 30
5 MARKET DYNAMICS 33
- 5.1 INTRODUCTION 33
- 5.2 DRIVERS 34
- 5.2.1 COMMERCIAL, INDUSTRIAL & GOVERNMENT INVESTMENTS IN RENEWABLE ENERGY TO BOOST
DEMAND FOR GAS INSULATED SWITCHGEARS 34
- 5.2.2 RISING ENERGY DEMAND 34
- 5.2.3 DRIVERS IMPACT ANALYSIS 35
- 5.3 RESTRAINTS 35
- 5.3.1 HIGH POTENCY OF SF6 GAS 35
- 5.3.2 RESTRAINTS IMPACT ANALYSIS 36
- 5.4 OPPORTUNITIES 36
- 5.4.1 DEVELOPMENT OF ENVIRONMENTALLY-FRIENDLY ALTERNATIVE TO SF6 GAS 36
- 5.5 IMPACT ANALYSIS OF COVID-19 ON GAS INSULATION SWITCHGEAR MARKET 36
6 MARKET FACTOR ANALYSIS 38
- 6.1 SUPPLY/VALUE CHAIN ANALYSIS 38
- 6.1.1 R&D 39
- 6.1.2 RAW MATERIAL SUPPLIERS 39
- 6.1.3 DEVICE MANUFACTURERS 39
- 6.1.4 THIRD PARTY PROCUREMENT AGENTS/TRADERS BROKERS 39
- 6.1.5 END USERS/ INDUSTRIES 39
- 6.2 PORTER'S FIVE FORCES MODEL 40
- 6.2.1 THREAT OF NEW ENTRANTS 41
- 6.2.2 BARGAINING POWER OF SUPPLIERS 41
- 6.2.3 BARGAINING POWER OF BUYERS 41
- 6.2.4 THREAT OF SUBSTITUTES 41
- 6.2.5 INTENSITY OF RIVALRY 41
7 GLOBAL GAS INSULATION SWITCHGEAR MARKET, BY VOLTAGE 42
- 7.1 OVERVIEW 42
- 7.2 UPTO 27 KV 43
- 7.2.1 UPTO 27 KV: MARKET ESTIMATES & FORECAST, BY REGION/COUNTRY, 2019-2030 43
- 7.3 27KV TO 36 KV 44
- 7.3.1 27KV TO 36 KV: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY, 2019-2030 44
- 7.4 36 KV-72.5 KV 44
- 7.4.1 36 KV-72.5 KV: MARKET ESTIMATES & FORECAST, BY REGION/COUNTRY, 2019-2030 44
- 7.5 72.5 KV-145KV 45
- 7.5.1 72.5 KV-145KV: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY, 2019-2030 45
- 7.6 ABOVE 145KV 45
- 7.6.1 ABOVE 145KV: MARKET ESTIMATES & FORECAST, BY REGION/COUNTRY, 2019-2030 45
8 GLOBAL GAS INSULATION SWITCHGEAR MARKET, BY INSTALLATION 46
- 8.1 OVERVIEW 46
- 8.2 OUTDOOR 47
- 8.2.1 OUTDOOR: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY, 2019-2030 47
- 8.3 INDOOR 48
- 8.3.1 INDOOR: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY, 2019-2030 48
9 GLOBAL GAS INSULATION SWITCHGEAR MARKET, BY INSULATION TYPE 49
- 9.1 OVERVIEW 49
- 9.2 SF6 50
- 9.2.1 SF6: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY, 2019-2030 50
- 9.3 SF6-FREE 51
- 9.3.1 SF6-FREE: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY, 2019-2030 51
10 GLOBAL GAS INSULATION SWITCHGEAR MARKET, BY APPLICATION 52
- 10.1 OVERVIEW 52
- 10.2 POWER GENERATION. 53
- 10.2.1 POWER GENERATION: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY, 2019-2030 53
- 10.3 STEEL PLANTS 54
- 10.3.1 STEEL PLANTS: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY, 2019-2030 54
- 10.4 REFINERIES 54
- 10.4.1 REFINERIES: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY, 2019-2030 54
- 10.5 LARGE INDUSTRIAL PLANTS 55
- 10.5.1 LARGE INDUSTRIAL PLANTS: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY, 2019-2030 55
- 10.6 RAILWAYS 55
- 10.6.1 RAILWAYS: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY, 2019-2030 55
- 10.7 OTHERS 56
- 10.7.1 OTHERS: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY, 2019-2030 56
11 GLOBAL GAS INSULATION SWITCHGEAR MARKET, BY REGION 57
- 11.1 OVERVIEW 57
- 11.2 NORTH AMERICA 58
- 11.2.1 U.S. 61
- 11.2.2 CANADA 62
- 11.2.3 MEXICO 63
- 11.3 EUROPE 65
- 11.3.1 GERMANY 67
- 11.3.2 FRANCE 69
- 11.3.3 UK 70
- 11.3.4 ITALY 71
- 11.3.5 SPAIN 73
- 11.3.6 RUSSIA 74
- 11.3.7 REST OF EUROPE 75
- 11.4 ASIA PACIFIC 77
- 11.4.1 CHINA 79
- 11.4.2 INDIA 81
- 11.4.3 JAPAN 82
- 11.4.4 SOUTH KOREA 83
- 11.4.5 AUSTRALIA 85
- 11.4.6 REST OF ASIA PACIFIC 86
- 11.5 SOUTH AMERICA 88
- 11.5.1 BRAZIL 90
- 11.5.2 ARGENTINA 91
- 11.5.3 REST OF SOUTH AMERICA 93
- 11.6 MIDDLE EAST & AFRICA 94
- 11.6.1 SAUDI ARABIA 96
- 11.6.2 UAE 98
- 11.6.3 SOUTH AFRICA 99
- 11.6.4 REST OF MIDDLE EAST & AFRICA 100
12 COMPETITIVE LANDSCAPE 102
- 12.1 COMPETITIVE OVERVIEW 102
- 12.2 COMPETITIVE BENCHMARKING 103
- 12.3 COMPANY MARKET SHARE ANALYSIS 104
- 12.4 KEY DEVELOPMENTS & GROWTH STRATEGIES 104
- 12.4.1 COLLABORATIONS /ACQUISTIONS AND PRODUCT LAUNCHES 104
- 12.5 MAJOR CONTRACTS/DEALS 105
- 12.5.1 MAJOR CONTRACTS/DEALS 105
13 COMPANY PROFILES 106
- 13.1 HITACHI ENERGY 106
- 13.1.1 COMPANY OVERVIEW 106
- 13.1.2 FINANCIAL OVERVIEW 106
- 13.1.3 PRODUCTS OFFERED 107
- 13.1.4 SWOT ANALYSIS 108
- 13.1.5 KEY DEVELOPMENTS 109
- 13.1.6 KEY STRATEGIES 109
- 13.2 SIEMENS AG 110
- 13.2.1 COMPANY OVERVIEW 110
- 13.2.2 FINANCIAL OVERVIEW 111
- 13.2.3 PRODUCTS OFFERED 111
- 13.2.4 KEY DEVELOPMENTS 112
- 13.2.5 SWOT ANALYSIS 113
- 13.2.6 KEY STRATEGIES 113
- 13.3 SCHNEIDER ELECTRIC 114
- 13.3.1 COMPANY OVERVIEW 114
- 13.3.2 FINANCIAL OVERVIEW 114
- 13.3.3 PRODUCTS/SERVICES OFFERED 115
- 13.3.4 SWOT ANALYSIS 117
- 13.3.5 KEY STRATEGIES 117
- 13.4 GENERAL ELECTRIC 118
- 13.4.1 COMPANY OVERVIEW 118
- 13.4.2 FINANCIAL OVERVIEW 119
- 13.4.3 PRODUCTS/SERVICES OFFERED 119
- 13.4.4 SWOT ANALYSIS 120
- 13.4.5 KEY DEVELOPMENTS 120
- 13.4.6 KEY STRATEGIES 120
- 13.5 EATON CORPORATION 121
- 13.5.1 COMPANY OVERVIEW 121
- 13.5.2 FINANCIAL OVERVIEW 121
- 13.5.3 PRODUCTS OFFERED 122
- 13.5.4 KEY DEVELOPMENTS 122
- 13.5.5 SWOT ANALYSIS 123
- 13.6 MITSUBISHI ELECTRIC 124
- 13.6.1 COMPANY OVERVIEW 124
- 13.6.2 FINANCIAL OVERVIEW 125
- 13.6.3 PRODUCTS/SERVICES OFFERED 125
- 13.6.4 KEY DEVELOPMENTS 126
- 13.6.5 SWOT ANALYSIS 126
- 13.7 HYUNDAI ELECTRIC & ENERGY SYSTEMS 127
- 13.7.1 COMPANY OVERVIEW 127
- 13.7.2 FINANCIAL OVERVIEW 127
- 13.7.3 PRODUCTS/SERVICES OFFERED 128
- 13.7.4 SWOT ANALYSIS 129
- 13.8 CROMPTON GREAVES 130
- 13.8.1 COMPANY OVERVIEW 130
- 13.8.2 FINANCIAL OVERVIEW 130
- 13.8.3 PRODUCTS/SERVICES OFFERED 131
- 13.8.4 SWOT ANALYSIS 131
- 13.9 LARSEN & TOUBRO 132
- 13.9.1 COMPANY OVERVIEW 132
- 13.9.2 FINANCIAL OVERVIEW 133
- 13.9.3 PRODUCTS/SERVICES OFFERED 133
- 13.9.4 KEY DEVELOPMENTS 134
- 13.9.5 SWOT ANALYSIS 134
- 13.10 NISSIN ELECTRIC. 135
- 13.10.1 COMPANY OVERVIEW 135
- 13.10.2 FINANCIAL OVERVIEW 135
- 13.10.3 PRODUCTS/SERVICES OFFERED 136
- 13.10.4 SWOT ANALYSIS 137
- 13.11 MEIDENSHA CORPORATION 138
- 13.11.1 COMPANY OVERVIEW 138
- 13.11.2 FINANCIAL OVERVIEW 138
- 13.11.3 PRODUCTS OFFERINGS 139
- 13.11.4 SWOT ANALYSIS 139
- 13.12 POWELL INDUSTRIES 140
- 13.12.1 COMPANY OVERVIEW 140
- 13.12.2 FINANCIAL OVERVIEW 141
- 13.12.3 PRODUCTS OFFERINGS 141
- 13.12.4 SWOT ANALYSIS 142
- 13.13 CHINT ELECTRIC 143
- 13.13.1 COMPANY OVERVIEW 143
- 13.13.2 PRODUCTS OFFERINGS 143
- 13.13.3 SWOT ANALYSIS 144
- 13.13.4 FINACIAL INFORMATION 145
- 13.14 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION 146
- 13.14.1 COMPANY OVERVIEW 146
- 13.14.2 PRODUCTS OFFERINGS 146
- 13.14.3 SWOT ANALYSIS 147
- 13.14.4 FINACIAL INFORMATION 147
- 13.14.5 KEY DEVELOPMENTS 148
- 13.15 HYOSUNG HEAVY INDUSTRIES CORPORATION 149
- 13.15.1 COMPANY OVERVIEW 149
- 13.15.2 PRODUCTS OFFERINGS 149
- 13.15.3 SWOT ANALYSIS 150
- 13.15.4 FINACIAL INFORMATION 150
14 APPENDIX 151