Market Research Report Store Gas Insulated Switchgear Market Expected to reach

"Gas Insulated Switchgear Market Expected to reach a market size of USD 25.95 billion by 2021, at a CAGR of 9.4% from 2016 to 2021" published in June 2017. It is a professional and in-depth study. Summary Market Research Report Store announces a new report＂Gas Insulated Switchgear Market＂added to its database.The gas insulated switchgear market is expected to reach a market size of USD 25.95 billion by 2021, at a CAGR of 9.4% from 2016 to 2021. Gas insulated switchgear are used to control, protect, and isolate electrical equipment in power systems. Investments in transmission & distribution infrastructure, infrastructure & transportation, and power generation sectors in GCC (Gulf Cooperation Council) countries is driving the demand of gas insulated switchgear in the region. Compact design of the switchgear, higher efficiency as compared to conventional switchgear, solid insulated switchgear, and air insulated switchgear, high serving life, and low maintenance is expected to drive the growth of the gas insulated switchgear market. High cost of equipment as compared to air insulated switchgear affects the revenue of established players. Detailed TOC Of Report @ https://www.marketresearchreportstore.com/shop/gas-insulated-switchgear-market-by-type- high-medium-sub-type-primary-secondary-end-user-transmission-distribution-manufacturi ng-processing-infrastructure-transportation-and-power-ge-3 Ask a sample, click here [email protected] “Medium voltage gas insulated switchgear type is the fastest growing segment” Medium voltage gas insulated switchgear is the fastest growing segment in the global gas insulated switchgear market in 2015. It continues to hold the highest position during the forecast period, due to rising demand for power distribution in urban areas that need compact and efficient solution such as medium voltage gas insulated switchgear at substations. “GCC: The fastest growing region in the gas insulated switchgear market” In GCC (Gulf Cooperation Council) countries, the fastest growth of the gas insulated switchgear market is attributed to the existing huge manufacturing and processing sector, and growing power generation segments. The GCC countries have plans to restructure their power sectors, thereby encouraging the private sector to invest in this industry. There is an increase in demand for power in the region due to rapid population, commercial, and industrial growth in their respective countries. The GCC power grid has helped power sector in the region to transform into a major trading market. Breakdown of Primaries: