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Gas Insulated Power Equipment Market to Register Over 8.3% Share in 2025

Author : Rahul Sankrityayan | Published Date : 2019-09-16 

Global Market Insights, Inc., announces a report on Gas Insulated Power Equipment Market Trends & Forecast - 2025.' The study encompasses an elaborate analysis of the product, application, and regional trends in the industry.

The gas insulated power equipment market demand is expected to grow from USD 17 billion in 2018 to USD 30 billion by 2025, at a compound annual growth rate (CAGR) of 8% during the forecast period.

Get Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/3258

The gas insulated power equipment market has significantly been influenced by government inclination toward the decrease in transmission losses, reliability of electricity grid infrastructure and enhanced transmission capacity. Efficient short-circuit endurance capability, minimal electrical ageing, non-flammable operational characteristics and low maintenance cost have escalated the business growth. Moreover, the manufacturers are constantly investing for R&D activities related to gas insulated transmission lines (GIL) for decrease in the environmental hazards and overall project cost.

Pages:  562

Tables: 1261

Charts / Figures:          10

Companies covered:   19

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

Mitsubishi Electric

 ABB

 Toshiba

 Larsen and Toubro

 Siemens AG

 Hyundai Electric & Energy System

 General Electric

 Schneider Electric

 BHEL

 Crompton Greaves

 Ormazabal

 Hitachi

 Fuji Electric

 Hyosung

 Iljin Electric

 AZZ

 Chint Group

 Meidensha Corporation

 and Xi'an XD Switchgear Electric

Gas Insulated Equipment Market in 2018 valued over USD 17 billion and is predicted to grow at a rate of over 8% by 2025. The industry in the recent years, has been positively influenced by the substantial increase in demand for compact substation devices to curb the overall project cost, maintenance and space requirements. Although, availability of a significant amount of traditional switchgear technologies including vacuum and air insulated products have constantly been posing obstruction to their incorporation across the industry. However, insistent efforts to reduce costs, manufacture compact product specifications and enhance operational performance have augmented the adoption of these units.

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Rapid growth of sustainable technologies including wind energy will fuel the demand for advance & competitive electrical netwrok over the years. Moreover, rising plant capacity to endure the soaring energy demand with conventional electrical network acquiring clearances and more space have increased the overall project price. Therefore, the adoption of GIS technology provides substantial scope for cost & space reduction in line with operational performance which in turn will stimulate the gas insulated power equipment market.

The gas insulated power equipment market has significantly been influenced by government inclination toward the decrease in transmission losses, reliability of electricity grid infrastructure and enhanced transmission capacity. Efficient short-circuit endurance capability, minimal electrical ageing, non-flammable operational characteristics and low maintenance cost have escalated the business growth. Moreover, the manufacturers are constantly investing for R&D activities related to gas insulated transmission lines (GIL) for decrease in the environmental hazards and overall project cost.

Asia Pacific will observe progress on account of the rising demand for electricity from developing countries. Emerging nations including India are considered as favorable regions as they continue to boost the traditional power network and capacities to meet the growing electricity demand. Shifting power consumption patterns in households and corporations positively influenced by government shift towards the adoption of effective grid network will strengthen the global gas insulated power equipment market share.

Browse Complete Summary of this report @ https://www.gminsights.com/industry-analysis/gas-insulated-power-equipment-market

Eminent gas insulated power equipment market participants include Toshiba, ABB, Siemens AG, Schneider Electric, Mitsubishi Electric, Hitachi, BHEL, Crompton Greaves, L&T, Ormazabal, AZZ, Meidensha Corporation, Hyundai Electric, Iljin Electric, Fuji Electric, Chint Group, Xi'an XD Switchgear Electric, General Electric and Hyosung.

Related Report:

Power Transformer Market ,Competitive Market Share & Forecast, 2017 – 2024

https://www.marketwatch.com/press-release/power-transformer-market-by-industry-trend-growth-and-regional-forecast-2018-2024-2019-09-15

 

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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