The global gas insulated switchgear market is projected to reach USD 24.6 Billion by 2020, and is expected to grow at a CAGR of 9.9% from 2015 to 2020. The demand is mainly driven in the Asia-Pacific region, owing to increasing manufacturing & processing growth.
Pune, India -- (SBWIRE) -- 01/05/2016 -- The report, "Gas Insulated Switchgear (GIS) Market - Global Trends and Forecasts to 2019" defines and segments the GIS market with analysis and forecasting of the market size.
Browse 77 market data tables and 52 figures spread through 146 pages and in-depth TOC on Gas Insulated Switchgear (GIS) Market - Global Trends and Forecasts to 2019.
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Asia-Pacific's power sector is among the top fastest growing power sector across the globe and is expected to grow at the same pace in the near future. Asia-Pacific is the biggest market of GIS, and had a share of more than 65.0% of the total market size in 2013 that was majorly contributed by the China. It is estimated that India is the fastest growing market of GIS in the region. The implementation of EHV and UHV transmission system to minimize the transmission losses has strongly influenced the GIS market in the region. A few of the reasons for the high growth in this region are growing population, vast economies–developed as well as developing, favorable investment policies, and government initiatives to promote industrial growth.
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"Transmission & Distribution –the biggest and Infrastructure & Transportation –the fastest growing" GIS markets
Transmission & distribution is the biggest end-user segment for GIS market, mainly driven by the growing demand for EHV and UHV transmission system to minimize the transmission losses. China and Russia are at forefront for employing GIS in transmission and distribution industry while Japan, U.S., and Germany are other key markets for GIS in the transmission and distribution end-user segment. Infrastructure and transportation is the fastest growing GIS end-user segment, majorly contributed by China, Japan, U.A.E and India. It is projected that among the key markets, U.A.E. has the maximum CAGR in this particular end-user segment of GIS followed by India and then China. Under the infrastructure & transportation segment, medium voltage GIS is used in various commercial places. The loads of these commercial places are less than the industries and for this reason secondary medium voltage GIS is used. Under the transportation segment, GIS are used in railway traction system, metro rail, high speed locomotives, and airports, where both primary and secondary medium voltage GIS are used depending upon the voltage level used.
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