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$29Bn Gas Insulated Switchgear - Global Market Forecast 2018-2024

Author : Rahul Sankrityayan | Published Date : 2019-07-29 

UK gas insulated switchgear market is predicted to grow over 6% owing to the integration of micro grid networks coupled with positive outlook towards renewable energy sector. In 2015, ABB announced to deliver GIS substations for the Rampion Offshore Wind Farm in UK to integrate the wind farm into transmission grid. The 400 MW project aims at supporting the country's target of attaining 15% of the overall energy production from renewables by 2020.

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Gas Insulated Switchgear Market is set to surpass USD 29 billion by 2024. Shifting trend towards adoption of clean energy resources along with expansion of existing transmission and distribution network will propel gas insulated switchgear market growth. In 2017, Siemens received a contract from the general water & electricity corporation based in Qatar, KAHRAMAA, to expand country's power transmission network. The company is responsible for the designing, manufacturing, supply, installation, and commissioning of up to 400 kV GIS for the substation.

Pages: 270

Tables: 454

Charts / Figures:         11

Companies covered:  19

Countries covered:    33

Extensive applications across several industries including marine, Oil & Gas, and mining will augment the MV gas insulated switchgear market growth. Ongoing product innovation along with some key features including simple & safe installation and ease of availability will further complement the business outlook. In August 2015, ABB developed innovative medium voltage products including GIS with a new concept for protection, control, measurement and digital communication.

Light weight, compact size, arc-quenching property and high dielectric strength are some of the key features which will embellish the gas insulated switchgear market size. GIS requires 1/10th of the overall space when compared with conventional switchgear. In 2014, Hitachi entered into an agreement with Electricity Generating Authority of Thailand (EGAT) for construction and supply of Chaiya Phum substations. The contract includes designing, engineering, supply, installation and commissioning of 500kV GIS.

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Ongoing upgradation and refurbishment of existing electrical infrastructure favored by government initiatives to improve the efficiency of electricity delivery system will fuel the U.S. gas insulated switchgear market growth. In 2016, the U.S. Department of Energy introduced Grid Modernization Initiative (GMI) to improve the reliability, resiliency and security of the country's electricity delivery system. The department also announced new funds of up to USD 220 million towards the modernization of nation's electrical interconnected network.

Eminent players in the GIS market include ABB, Toshiba, Siemens, Mitsubishi Electric Corporation, General Electric, Schneider Electric, Hyundai Heavy Industries, Larsen & Toubro, Hitachi, Hyosung, Meidensha, Ormazabal, and BHEL.

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Partial Table of Contents (ToC) of the report:

Chapter 4.   Gas Insulated Switchgear Market, By Capacity

4.1.  Global market share by capacity, 2016 & 2024

4.2.  <38 kV

4.2.1.  <38 kV market, 2013 – 2024

4.2.2.  <38 kV market revenue by region, 2013 – 2024

4.3.  38kV ≤ 72kV

4.3.1.  38 kV to 72 kV market, 2013 – 2024

4.3.2.  38 kV to 72 kV market revenue by region, 2013 – 2024

4.4.  ≥ 72kV ≤ 150kV

4.4.1.  73 kV to 150 kV market, 2013 – 2024

4.4.2.  73 kV to 150 kV market revenue by region, 2013 – 2024

4.5.  >150 kV

4.5.1.  >150 kV market, 2013 – 2024

4.5.2.  >150 kV market revenue by region, 2013 – 2024

Chapter 5.   Gas Insulated Switchgear Market, By Voltage Level

5.1.  Global market share by voltage level, 2016 & 2024

5.2.  Medium voltage

5.2.1.  Medium voltage market, 2013 – 2024

5.2.2.  Medium voltage market revenue by region, 2013 – 2024

5.2.3.  Primary distribution    Primary distribution market, 2013 – 2024    Primary distribution market revenue by region, 2013 – 2024

5.2.4.  Secondary distribution    Secondary distribution market, 2013 – 2024    Secondary market revenue by region, 2013 – 2024

5.3.  High voltage

5.3.1.  High voltage market, 2013 – 2024

5.3.2.  High voltage market revenue by region, 2013 – 2024

Chapter 6.   Gas Insulated Switchgear Market, By Application

6.1.  Global market share by application, 2016 & 2024

6.2.  Transmission & distribution

6.2.1.  Transmission & distribution market, 2013 – 2024

6.2.2.  Transmission & distribution market revenue by region, 2013 – 2024

6.3.  Manufacturing & processing

6.3.1.  Manufacturing & processing market, 2013 – 2024

6.3.2.  Manufacturing & processing market revenue by region, 2013 – 2024

6.4.  Infrastructure & transportation

6.4.1.  Infrastructure & transportation market, 2013 – 2024

6.4.2.  Infrastructure & transportation market revenue by region, 2013 – 2024

6.5.  Power generation

6.5.1.  Power generation market, 2013 – 2024

6.5.2.  Power generation market revenue by region, 2013 – 2024

6.6.  Others

6.6.1.  Others market, 2013 – 2024

6.6.2.  Others market revenue by region, 2013 – 2024

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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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