Gas Insulated Switchgear Market 2023 | Size, Trends, Growth And Forecast 2028 {{ currentPage ? currentPage.title : "" }}

IMARC Group, a leading market research company, has released a report titled “Gas Insulated Switchgear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global gas insulated switchgear market size reached US$ 25.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 38.0 Billion by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.

Gas insulated switchgear (GIS) refers to a high-voltage unit that encapsulates compact metal structures consisting of various components, such as disconnectors, circuit breakers, switches, and relays. It uses an insulating medium, like sulfur hexafluoride (SF6), to isolate, control, vacuum, and protect electrical equipment during adverse conditions. As compared to air-insulated switchgear, GIS is more flexible, reliable, environment-friendly, cost-effective, and requires less maintenance. Consequently, it is primarily installed on the extensions of industrial plants, buildings, and offshore platforms.

Request For Sample Report (Exclusive Offer on this report): https://www.imarcgroup.com/gas-insulated-switchgear-market/requestsample

Gas Insulated Switchgear Market Trends and Drivers:

The rapid development of smart grids and increasing investments in renewable energy systems by governments of various nations to reduce carbon emissions are majorly driving the global GIS market. Rising urbanization and industrialization have led to an increase in global power consumption, which is further propelling market growth. Additionally, there has been an increase in the utilization of GIS to establish efficient distribution channels and transmission lines in numerous emerging economies, which is acting as another growth-inducing factor.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • ABB

  • Alstom

  • Benchmarking

  • Bharat Heavy Electricals Limited

  • Eaton Corporation

  • General Electric Company

  • Hitachi, Larsen & Toubro

  • Meidensha

  • Mitsubishi Electric

  • Powell Industries

  • Schneider Electric

  • Siemens

  • Toshiba International Corporation

Ask Analyst for Sample Report: https://www.imarcgroup.com/request?type=report&id=1845&flag=C

The report has segmented the market on the basis of Product Type, End-User and Region.

Breakup by Type:

  • High Voltage GIS

  • Medium Voltage GIS

  • Low Voltage GIS

Breakup by Installation:

  • Indoor

  • Outdoor

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

  • Others

Market Breakup by Region:

  • North America (United States, Canada)

  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

  • Latin America (Brazil, Mexico, Others)

  • Middle East and Africa

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

Follow us on Twitter: @imarcglobal

{{{ content }}}