Gas Insulated Switchgear Market Increasing Demand, Growth Analysis and Future Outlook by 2031

Gas-insulated switchgear market is anticipated to grow at a CAGR of 6.1% during the forecast period. Gas-insulated switchgear (GIS) is a compact metal encapsulated switchgear consisting of high-voltage components such as circuit breakers and disconnectors, which can be safely operated in confined spaces. GIS is used where space is limited, for example, extensions, in city buildings, on roofs, offshore platforms, industrial plants, and hydropower plants. The increasing clean energy demand is the major factor in the market expansion. Gas-insulated switchgear combines vacuum switching technology with clean air insulation. It operates with zero harmful greenhouse gases of any kind, zero toxic decomposition products, and zero safety requirements during handling and maintenance. This is the major reason, industries such as transmission & distribution, manufacturing, infrastructure & transportation, and others are incorporating GIS. With increasing energy investment by governments across the globe, the GIS market is set to display impressive growth. For instance, as per IEA.org, the global energy investment is set to increase by 8% in 2022 to reach $2.4 trillion, with the anticipated rise coming mainly in clean energy. Such investments will augment the expansion of micro-grid networks along with the integration of GIS to ensure grid supply security.

Get Free Sample link @ https://www.omrglobal.com/request-sample/gas-insulated-switchgear-market

Geographically, the global market is classified into four major regions including North America (the US and copyright), Europe (UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). Among these, the North American region is likely to be in the dominant position due to expanding industrialization and urbanization in countries, such as Mexico, the US, and copyright. Moreover, the stringent government guidelines for decreasing carbon footprint have boosted the installation of gas-insulated switchgear across the major economies of the region, thereby driving market growth.

full report of Gas Insulated Switchgear Market available @ https://www.omrglobal.com/industry-reports/gas-insulated-switchgear-market

  • Market Coverage

  • Market number available for – 2024-2031

  • Base year- 2024

  • Forecast period- 2024-2031

  • Segment Covered- By Source, By Product Type, By Applications

  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill

  • , and others


Market Segmentation

Global Gas Insulated Switchgear Market by Insulation Types

  • SF6

  • SF6 free


Global Gas Insulated Switchgear Market by Configurations

  • Hybrid

  • Isolated Phase

  • Integrated Three Phase

  • Compact GIS


Global Gas Insulated Switchgear Market by End-User

  • Transmission & Distribution

  • Manufacturing

  • Infrastructure & Transportation

  • Industries & OEM

  • Commercial

  • Others


Regional Analysis

  • North America

  • US

  • copyright

  • Europe

  • UK

  • Germany

  • Italy

  • Spain

  • France

  • Rest of Europe

  • Asia-Pacific

  • China

  • India

  • Japan

  • South Korea

  • Rest of Asia-Pacific

  • Rest of the World


Company Profiles 

  • ABB Group

  • CG Power and Industrial Solutions

  • Eaton Corp

  • Fuji Electric Co., Ltd.

  • General Electric Co

  • Hitachi, Ltd.

  • Hyosung Heavy Industries

  • Hyundai Electric & Energy Systems Co., Ltd

  • Lucy Group Ltd.

  • Meidensha Corp

  • Mitsubishi Electric Corp

  • Nissin Electric Co., Ltd

  • Powell Industries Inc

  • Schneider Electric SE

  • Siemens AG

  • Toshiba Energy Systems & Solutions Corp

  • Yueqing Liyond Electric Co. Ltd.


The Report Covers

  • Market value data analysis of 2021 and forecast to 2028.

  • Annualized market revenues ($ million) for each market segment.

  • Country-wise analysis of major geographical regions.

  • Key companies operating in the global gas insulated switchgear market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.

  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

  • Analysis of market-entry and market expansion strategies.

  • Competitive strategies by identifying ‘who-stands-where’ in the market.


For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/gas-insulated-switchgear-market

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: [email protected]

Contact no: +91 780-304-0404

Leave a Reply

Your email address will not be published. Required fields are marked *