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Pulished Date January, 2020
ID: 9159
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Gas Insulated Switchgear Market Segmentation by Type (High-Voltage and Medium-Voltage), by Voltage Type (Distribution Voltage, Sub-Transmission Voltage, High-Voltage Transmission, Extra High-Voltage Transmission, and Ultra-High Voltage Transmission), by Installation Type (Indoor, Outdoor, and Solid Bus Duct & Cable Connection) and by End-User Type (Power Transmission Utilities, Power Distribution Utilities, Power Generation Utilities, Infrastructure & Transportation, and Industries & OEMs) –Industry Analysis, Size, Share, Growth, Trends and Forecast 2020-2025

Pulished: January, 2020
ID: 9159
Pages: 175

Gas Insulated Switchgear Market Size and Growth Rate:

Gas Insulated Switchgear Market is a market that is growing for some time now. Market analyzers and forecasters are estimating that the gas insulated switchgear market is going to be valued at around USD 30 Billion by 2025, recording a CAGR of 8%. 

Gas Insulated Switchgear Market Overview:

Gas-insulated Switchgear (GIS) is a compact metal encapsulated switchgear which consists of high-voltage components like circuit-breakers and disconnectors that can be safely operated in confined spaces. This GIS is used where space is limited, for instance, on roofs, city buildings, extensions, on offshore platforms, hydropower plants, and industrial plants. Solutions that are offered by this gas-insulated switchgear such as space constraints and safety attributes are useful towards the transmission and distribution sector, which are the fundamental growing factors of gas insulated switchgear market. The rapid growth of the commercial and industrial sectors which are the demand for the low voltage gas insulated switchgear and the rise of the population in the developing countries are further fuelling factors of the gas insulated switchgear market.

The fastest advancements in the power distribution division attributed to the implementation of smart grid and smart metering technology are also responsible for the growth of the global gas insulated switchgear market. Limitations of space availability in the densely populated cities, demand in the intensification of energy, the increase in the renewable energy, rise in the investments in the transmission & distribution substructure, and the governments' involvement to make everyone access to the power are the key driving forces of the gas insulated switchgear market. Moreover, the gas-insulated switchgear is offered for a wide range of benefits over the standard conventional switchgear as high reliability, less space requirement, safety, long maintenance intervals and eco-friendly. Also, these gas-insulated switchgear offers the maximum space and cost-efficient usage. And the increase in the adoption of electrical gadgets, vehicles, gadgets, and others are demanding the secure and reliable electrical distribution network.

Gas Insulated Switchgear Market Growth Drivers:

The growth in the need for electricity throughout the globe because of the growth of electrical appliances, gadgets, vehicles is one of the essential drivers for the global gas-insulated switchgear market. Also, the rise in industrialization, urbanization and the number of factories are among the main factors for the growth of the gas-insulated switchgear industry. The ease of use of this gas-insulated switchgear like a space-efficient cost-efficient and the longer maintenance intervals are making the people adopt these products.

The growth in the investments on T&D infrastructures and the government's involvement to provide electricity for every area is attributing the growth of this market. Although the GIS market is improving day by day, there is a lot to change in the power supply infrastructure. And the initial costs to develop efficient gas-insulated switchgear are some of the restraints that are hampering the global gas insulated switchgear market.

 Gas Insulated Switchgear Market Regional Existence:

In the geographical analysis, Asia-Pacific is the region that is holding the major market share in the global gas-insulated switchgear market. It is expected that this region is going to continue to grow over the forecast period with the biggest gas-insulated switchgear manufacturers that are based in countries like India and China.

Prominent Companies in the Gas Insulated Switchgear Market analyzed in the report are:

  • ABB
  • Siemens
  • Schneider Electric
  • Mitsubishi Electric
  • Hyundai
  • Fuji Electric
  • Hyosung
  • Chint Electric
  • Larsen & Toubro
  • Meidenshan
  • Hitachi
  • Toshiba
  • Nissan Electric

This research report includes following segmentation for the Gas Insulated Switchgear Market size and forecast until 2025:

Gas Insulated Switchgear Market – By Type:

  • High-Voltage Gas Insulated Switchgear
  • Medium-Voltage Gas Insulated Switchgear

Gas Insulated Switchgear Market – By Voltage Type:

  • Distribution Voltage
  • Sub-Transmission Voltage
  • High-Voltage Transmission
  • Extra High-Voltage Transmission
  • Ultra-High Voltage Transmission

Gas Insulated Switchgear Market – By Installation Type:

  • Indoor
  • Outdoor
  • Solid Bus Duct & Cable Connection

Gas Insulated Switchgear Market – By End-User Type:

  • Power Transmission Utilities
  • Power Distribution Utilities
  • Power Generation Utilities
  • Infrastructure & Transportation
  • Industries & OEMs

Gas Insulated Switchgear Market – By Regions:

North America                                                 

  • United States                                
  • Canada                                          

Europe                                                                                              

  • United Kingdom                                            
  • Germany                                       
  • France                                           
  • Italy                                
  • Spain                                             

Asia-Pacific                                                      

  • China                                             
  • India                                              
  • Japan                                             
  • South Korea                                  

Latin America                                                                              

  • Brazil                                             
  • Argentina                                      
  • Mexico                                          

Middle-East & Africa        

  • Middle-East
  • Africa

Recent Developments:                                               

• Siemens Ltd., a leading gas-insulated switchgear manufacturer, is planning to acquire C&S Electric, a Delhi, India based company, that is to bolster its portfolio in India. It is said that this acquisition will lead to the development in low voltage switchgear business where Siemen was lacking. Siemens India's managing director said that this acquisition is not only for their development in India but also to export to the international market in line with their growth strategy. (https://www.bloombergquint.com/business/siemens-acquisition-of-cs-electric-to-bolster-its-portfolio-in-india-brokerages-say )

• Ashok Leyland, a flagship subsidy of Hinduja Group, has entered the Memorandum of Understanding(MoU) in the public e-mobility space with ABB Power Products, a leading gas-insulated switchgear manufacturer, and System India Ltd. The motto of this agreement is to develop a pilot e-bus based on ABB's Flash Charge technology, TOSA, which can top-up the battery in just seconds. This kind of buses can fleet uninterruptedly in a fuss-free manner which is very convenient for the passengers. Ashok Leyland is always known for its commercial vehicles for their technological advancements in the market. (https:/www.saurenergy.com/solar-energy-news/ashok-leyland-abb-ink-mou-in-e-mobility-space)

• Larsen & Toubro, an Indian multinational conglomerate, has raised its profits by 15% to INR 2352 crores, regardless of having estimated as a no-profit company before. It did win in Power Transmission a Distribution and Metallurgical and Material Handling business. These profits are because of the orders it got worth INR 41,579 crores. (https://www.livemint.com/companies/company-results/l-t-q3-profit-rises-15-to-rs-2-352-crore-misses-estimates-11579695481731.html )

• Hitachi Vantara, a Japanese electrical company, has bought Waterline Data, a data catalog startup, seeking to meet the growing demand for automation frameworks for data lake management via its AI-driven DataOps platform. Financial terms of the deal were not disclosed, but the acquisition is closed by December 2020. (https://www.datanami.com/2020/01/22/hitachi-vantara-buys-cataloger-waterline-data/ )

1. Introduction                 

                1.1 Market Definition    

                1.2 Scope of the report

                1.3 Study Assumptions 

                1.4 Base Currency, Base Year and Forecast Periods          

2. Research Methodology                           

                2.1 Analysis Design         

                2.2 Research Phases      

                                2.2.1 Secondary Research

                                2.2.2 Primary Research

                                2.2.3 Data Modelling

                                2.2.4 Expert Validation

                2.3 Study Timeline          

3. Report Overview                        

                3.1 Executive Summary

                3.2 Key Inferencees       

4. Market Dynamics                       

                4.1 Impact Analysis         

                                4.1.1 Drivers

                                4.1.2 Restaints

                                4.1.3 Opportunities

                4.2 Regulatory Environment       

                4.3 Technology Timeline & Recent Trends            

5. Competitor Benchmarking Analysis                    

                5.1 Key Player Benchmarking     

                                5.1.1 Market share analysis

                                5.1.2 Products/Service

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape      

                5.3 Joint Ventures & Collaborations        

6. Market Segmentation                              

                6.1 Gas Insulated Switchgear Market, By Type   

                                6.1.1 High-Voltage

                                6.1.2 Medium-Voltage

                                6.1.3 Market Size Estimations & Forecasts (2019-2024)

                                6.1.4 Y-o-Y Growth Rate Analysis

                                6.1.5 Market Attractiveness Index

                6.2 Gas Insulated Switchgear Market, By Voltage Type  

                                6.2.1 Distribution Voltage

                                6.2.2 Sub-Transmission Voltage

                                6.2.3 High-Voltage Transmission

                                6.2.4 Extra High-Voltage Transmission

                                6.2.5 Ultra-High Voltage Transmission

                                6.2.6 Market Size Estimations & Forecasts (2019-2024)

                                6.2.7 Y-o-Y Growth Rate Analysis

                                6.2.8 Market Attractiveness Index

                6.3 Gas Insulated Switchgear Market, By Installation Type           

                                6.3.1 Indoor

                                6.3.2 Outdoor

                                6.3.3 Solid Bus Duct & Cable Connection

                                6.3.4 Market Size Estimations & Forecasts (2019-2024)

                                6.3.5 Y-o-Y Growth Rate Analysis

                                6.3.6 Market Attractiveness Index

                6.4 Gas Insulated Switchgear Market, By End-User Type               

                                6.4.1 Power Transmission Utilities

                                6.4.2 Power Distribution Utilities

                                6.4.3 Power Generation Utilities

                                6.4.4 Infrastructure & Transportation

                                6.4.5 Industries & OEMs

                                6.4.6 Market Size Estimations & Forecasts (2019-2024)

                                6.4.7 Y-o-Y Growth Rate Analysis

                                6.4.8 Market Attractiveness Index

7. Geographical Landscape                         

                7.1 Global Identity Governance and Administration Market, by Region  

                7.2 North America - Market Analysis (2018 - 2024)            

                                7.2.1 By Country

                               

                               

                                7.2.2 By Type

                                7.2.3 By Voltage Type

                                7.2.4 By Installation Type

                                7.2.5 By End-User Type

                7.3 Europe         

                                7.3.1 By Country

                               

                               

                               

                               

                               

                               

                                7.3.2 By Type

                                7.3.3 By Voltage Type

                                7.3.4 By Installation Type

                                7.3.5 By End-User Type

                7.4 Asia Pacific  

                                7.4.1 By Country

                               

                               

                               

                               

                               

                               

                               

                                7.4.2 By Type

                                7.4.3 By Voltage Type

                                7.4.4 By Installation Type

                                7.4.5 By End-User Type

                7.5 Latin America             

                                7.5.1 By Country

                               

                               

                               

                               

                                7.5.2 By Type

                                7.5.3 By Voltage Type

                                7.5.4 By Installation Type

                                7.5.5 By End-User Type

                7.6 Middle East and Africa           

                                7.6.1 By Country

                               

                               

                                7.6.2 By Type

                                7.6.3 By Voltage Type

                                7.6.4 By Installation Type

                                7.6.5 By End-User Type

8. Key Player Analysis                    

                8.1 ABB

                                8.1.1 Business Description

                                8.1.2 Products/Service

                                8.1.3 Financials

                                8.1.4 SWOT Analysis

                                8.1.5 Recent Developments

                                8.1.6 Analyst Overview

                8.2 Siemens AG               

                8.3 Schneider Electric    

                8.4 Mitsubishi Electric    

                8.5 Fuji Electric 

                8.6 Hyosung      

                8.7 Larsen & Toubro       

                8.8 Hitachi          

                8.9 Toshiba        

                8.10 Nissan Electric         

                8.11 Meidenshan            

9. Market Outlook & Investment Opportunities                

Appendix                           

                List of Tables     

                List of Figures   

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by resin type,by end user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  • Global Gas Insulated Switchgear Market By Region, From 2020-2025 ( USD Billion )
  • Global Gas Insulated Switchgear Market By Type, From 2020-2025 ( USD Billion )
  • Global High-Voltage  Market By Region, From 2020-2025 ( USD Billion )
  • Global Medium-Voltage  Market By Region, From 2020-2025 ( USD Billion )
  • Global Gas Insulated Switchgear Market By Voltage Type, From 2020-2025 ( USD Billion )
  • Global Distribution Voltage Market By Region, From 2020-2025 ( USD Billion )
  • Global Sub-Transmission Voltage Market By Region, From 2020-2025 ( USD Billion )
  • Global High-Voltage Transmission Market By Region, From 2020-2025 ( USD Billion )
  • Global Extra High-Voltage Transmission Market By Region, From 2020-2025 ( USD Billion )
  • Global Ultra-High Voltage Transmission Market By Region, From 2020-2025 ( USD Billion )
  • Global Gas Insulated Switchgear Market By Installation Type, From 2020-2025 ( USD Billion )
  • Global Indoor Market By Region, From 2020-2025 ( USD Billion )
  • Global Outdoor Market By Region, From 2020-2025 ( USD Billion )
  • Global Solid Bus Duct & Cable Connection Market By Region, From 2020-2025 ( USD Billion )
  • Global Gas Insulated Switchgear Market By End-User Type, From 2020-2025 ( USD Billion )
  • Global Power Transmission Utilities Market By Region, From 2020-2025 ( USD Billion )
  • Global Power Distribution Utilities Market By Region, From 2020-2025 ( USD Billion )
  • Global Power Generation Utilities Market By Region, From 2020-2025 ( USD Billion )
  • Global Infrastructure & Transportation Market By Region, From 2020-2025 ( USD Billion )
  • Global Industries & OEMs Market By Region, From 2020-2025 ( USD Billion )

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