Gas Insulated Switchgear Market is Projected to Grow at a 10.5% Gas Insulated Switchgear Market 2018

Gas Insulated Switchgear Market is Projected to Grow at a 10.5%
CAGR over the Forecast Period 2014 – 2018: Radiant Insights, Inc
Gas insulated switchgears (GIS) are a combination of electrical switches used to protect electrical
equipment. These electrical equipments are safeguarded inside a metal chamber with SF6 insulation
which possesses high dielectric properties.
The gas insulated switchgear market is projected to grow at a 10.5% CAGR over the forecast period
(2018-2023). The market has decided to launch smaller and efficient gas insulated switchgears owing to
the alarming cost of raw materials. Factors which could contribute to the growth are space constraints and
rising urbanization.
Products of the market entail medium voltage and high voltage gas insulated switchgears. The latter
handles energy consumption above 72.5 kV, while the former handles rating below 72.5 kV. High voltage
GISs occupy less space are used in developed nations or nations with space constraints. They can
generate and transmit electricity at high, extra-high, and ultra-high levels.
Click For Report Details
switchgear-market-2014-2018

@

http://www.radiantinsights.com/research/global-gas-insulated-

End-use industries of the market are transmission and distribution, power generation, infrastructure &
transportation, and manufacturing & processing.
The market demand is high in Asia Pacific owing to the rise of manufacturing industries and booming
industrial growth. Asia Pacific market is driven by electricity transmission and distribution companies.
With energy generation industry booming, the Gulf Cooperation Council (GCC) in the Middle East is
likely to witness a rapid growth rate.
Countries are delving in business practices which adhere to the environmental regulations in order to
receive emissions. Companies located in these countries are investing in R&D to create GIS at substations
which is reliable and has a longer lifespan.
Top manufacturers of the gas insulated switchgear market include ABB Ltd., Siemens AG, and Alstom
SA. Other vendors are Schneider Electric, Toshiba International Corporation, and Mitsubishi Electric
Corp. Market players are trying to gain market share by agreeing to contracts and collaborations. ABB
Ltd. has introduced new GIS called AirPlus which emit gases at a lower rate than SF6.

Key questions answered in this report:
What will the market size be in 2018 and what will be the growth rate?
What are the key market trends?