Gas-Insulated Switchgears Market Research by Application ,by Technology (Integrated three phase, Compact, Hybrid) Voltage and regions by Global Forecast Till 2023

Pune, India -- (SBWire) -- 09/05/2018 --Gas-Insulated Switchgear Market Highlights:-

The gas-insulated switchgear provides a range of advantages over conventional switchgears including, small space requirement, high reliability, safety, environmental compatibility, and long maintenance intervals. The design of the gas-insulated switchgears can significantly vary from isolated phase, to compact and hybrid switchgears. The gas-insulated switchgears are expected to have long life than other switchgears, the main reason being non oxidizing nature of SF6 gas and steel enclosure. The switchgear also manages the risk of operation and atmospheric pollution.

Power industry is one of the major revenue generating industries which has pushed the market for innovative and eco-friendly energy generation activities, where, gas insulated switchgear market is one of them. In other words, the growth in the power industry will create a positive impact on the market for global Gas Insulated Switchgear. The switchgear has become the backbone of electric transmission lines spread across the country and in cross border distribution. Over the last decade, a significant surge in electric power consumption has been observed and is estimated to grow further owing to numerous electrification projects in several developing countries. Also, growing power consumption rate or per capita power consumption across the developed countries is also a major driver for the growth of global gas insulated switchgears market.

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Gas-Insulated Switchgear Global Market Top Key Players:-

The key players of global gas-insulated switchgear market are Schneider Electric SE (France), ABB Ltd. (Switzerland), Mitsubishi Electric Corporation (Japan), Alstom SA (France), Siemens AG (Germany), and Toshiba (Japan). Larsen & Turbo (India), Hyundai heavy industries (South Korea), Hitachi (Japan), Fuji Electric (Japan), Nissin Electric (Japan), Xian XD (China), Hyosung (China), Bharat Heavy Electric Ltd. (India), Eaton (Ireland), and Meidensha (Japan) are among others.

Top Industry News:-

In May, 2014 – Schiender Electric launched its FBX gas-insulated switchgear, a fully sulphur hexafluoride gas (SF6) insulated switchboard for secondary distribution networks, in the African continent.

In January, 2013 – Hyundai Heavy Industries, the world's largest shipbuilder and a leading electro electric systems manufacturer, announced the completion of the Hyundai Electrosystems gas insulated switchgear plant (GIS) in Vladivostok, Russia.

In November, 2016 – Fuji Electric Co., Ltd., headquartered in Tokyo, Japan, announced the release of its "145 kV Gas-Insulated Switchgear" (GIS) conforming to the IEC Standard.

Major Points From Table Of Content:-
1 Executive Summary

2 Scope Of The Report

3 Market Landscape

4 Market Dynamics

5 Global Oil And Gas Waste Heat Recovery Market, By Sector

6 Global Gas-Insulated Switchgears Market, By Voltage Rating

7 Global Gas-Insulated Switchgears Market, By Application

8 Global Gas-Insulated Switchgears Market, By Technology

9 Global Gas-Insulated Switchgears Market, By Region

10 Competitive Landscape

11 Company Profile

12 List Of Tables

13 List Of Figures

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Global Gas-Insulated Switchgear Market Analysis:-

Global gas insulates switchgear market is expected to experience massive growth during the forecast period owing to increased demand for electricity from the nations. Asia Pacific holds the largest share of gas insulate switchgear market. Rapid growth in economy coupled with higher demand for electricity is likely to drive the market for gas-insulated switchgears in Asia Pacific. In countries such as China, India and other southeast nations, there is huge potential for increasing power distribution systems, which will have a high impact on gas-insulated switchgears market. The Mid-east region is likely to follow in terms of market share. The growth in the region is attributed to increasing technological implementation in electricity systems. For instance, in 2015, UAE government has awarded ABB group, the supply of 33 kV gas insulated switchgears for medium voltage supply for the oilfields projects.