Gas Insulated Switchgear Market 2022, Share, Demand, Analysis and Forecast 2027

According to the latest report by IMARC Group “Gas Insulated Switchgear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global gas insulated switchgear market size reached US$ 23.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 35.6 Billion by 2027, exhibiting a growth rate (CAGR) of 7.4% during 2022-2027.

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 a free sample copy of this report: https://www.imarcgroup.com/gas-insulated-switchgear-market/requestsample

Market Trends:

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

Explore full report with table of contents: https://www.imarcgroup.com/gas-insulated-switchgear-market

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 want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800