The vast majority of the home apparatuses, modern hardware, trains and numerous different frameworks depend on electrical supply. All potential actions have to be taken in order to ensure maximum safety and minimum power loss in a distribution system. Switchgears are used for protecting and switching various devices such as circuit breakers, fuses, switches and relays. The main use of switchgears is to offer safety to the distribution system by disengaging in case of any hazardous conditions. The gas insulated switchgears are frequently used in high or ultra-high voltage transmission lines. In gas insulated medium voltage switchgear, sulphur hexafluoride (SF6) gas is used for insulation and vacuum technology is used for circuit breaking. Only SF6 is used both insulation and for interruption medium in the gas insulated switchgear system for the applications above 72.5 KV, as vacuum technology is limited to low voltage applications. 

The fast improvement in the power distribution division owing to the increasing implementation of smart grid and smart metering technology is the fundamental factor responsible for driving the growth of the global gas insulated switchgear market. Intensifying energy demand, growth in renewable power generation, limitations of space availability in densely populated urban areas, increasing investments in the transmission & distribution substructure, and government initiatives towards enhancing electricity access are boosting the growth of the gas insulated switchgear market across the globe. Gas insulated switchgear is generally used by the power generation, core sector, transportation, and distribution system industries. Furthermore, the gas-insulated switchgear offers wide range of benefits over conventional switchgears such as safety, high reliability, small space requirement, long maintenance intervals and environmental compatibility. Gas insulated switchgear also provides the space efficient and maximum cost effective solution in order to increase the overall efficiency. Additionally, growing adoption of electricity based equipment, gadgets, vehicles, appliances and others is anticipated to increase demand for power and solid electricity distribution network. The electricity requirements in the industrial and residential sectors are changing owing to the technological advancements in the electronic equipment industry. The growing transformation of transmission and distribution (T&D) network in order to reduce the transmission losses by implementing smart grid technology and improvement of existing aging old transmission network is supplementing the overall growth of the gas insulated switchgear market. This transformation in the transmission network requires replacement of the electric components including switchgears. The renovation of transmission lines is expected to drive the demand for gas insulated switchgear market throughput the forecast time frame. However, strict environmental & safety regulations and huge cost of equipment are some of the factors may hinder the growth of the gas insulated switchgear market. 

The global gas insulated switchgear market can be segmented on the basis of type, technology, application and geography. On the basis of type, the global gas insulated switchgear market can be segmented into medium voltage and high voltage gas insulated switchgear. On the basis of technology, the global gas insulated switchgear market can be bifurcated into integrated 3 phase GIS, compact GIS and hybrid GIS. In terms of application, global gas insulated switchgear market can be segmented into utilities, industrial, power generation, infrastructure and others. Geographically, the global gas insulated switchgear market is divided into North America, Europe, Asia Pacific, Middle East and Africa and South America. Asia Pacific is projected to grow at significant rate during the forecast period owing to the growing demand for electricity and large population. 

The global gas insulated switchgear market includes large number of players. Some of the key players are ABB Ltd., Schneider Electric SE, Mitsubishi Electric Corporation, Hyosung Power & Industrial Systems PG, General Electric Company, Toshiba International Corporation, Larsen & Toubro Limited and Siemens AG.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Gas Insulated Switchgear Market

Pre Book