Gas Insulated Substation Market
The gas insulated substation market has been segmented, by region into Asia Pacific, North America, Europe, and Rest of World. The gas insulated substation market is further segment by voltage into medium( ≤ 72.5 KV) and high(> 72.5 KV). High voltage gas insulated substations are primarily used for transmission and distribution of electricity at high and extrahigh voltage.
Asia Pacific was the largest market for gas insulated substations globally, accounting for 54 % of the market in 2015. China was the leader in terms of revenue realization from gas insulated substations, followed by India, in 2015. Europe was the second-largest market for gas insulated substations in 2015. CIS countries, such as Russia, spearhead the gas insulated substation market in Europe with modification and expansion of aged electricity infrastructure. North America was the third-largest market for gas insulated substations, in terms of market share, in 2015. The U. S. and Canada were the leading countries with highest revenue realization from gas insulated substations in 2015. The market in Rest of World is expected to witness significant growth in the near future, with growth in the manufacturing and processing sectors and increasing demand for electricity.
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The market in Gulf Cooperation Council( GCC) countries is expected to expand at the highest CAGR during the forecast period. Industrialization, and growth in manufacturing and power generation would drive the demand for gas insulated substations in GCC countries.
Some of the key manufacturers of gas insulated substations are ABB Group, Eaton Corporation Plc., Fuji Electric Co., Ltd., General Electric Company, Hitachi, Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, Siemens AG, Crompton Greaves Limited, and Toshiba Corporation.
The gas insulated substation market has been segmented as follows: Gas Insulated Substation Market: By Region-North America-Europe
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