Quick Overview of the Global High-voltage (HV) Gas-insulated Switchgear (GIS) Market Analysis
The objective of the Global High-voltage (HV) Gas-insulated Switchgear (GIS) Market Research Report is to provide a detailed and useful data, and a geographical perspective for predictions of future. The recommendations included in the report are supposed to be insightful and actionable, offering a thorough understanding of the industry. Moreover, it includes a comprehensive table of contents, relevant data, and an analysis of numerous important aspects that have impacted the market.
According to the latest report analysis by MarkNtel Advisors, the Global High-voltage (HV) Gas-insulated Switchgear (GIS) Market is projected to grow at a CAGR of around 6.9% during the forecast period, i.e., 2024-30. This detailed study provides a detailed overview of the current market state, including market trends, opportunities, along with the recent developments made globally. In-depth analysis of market share, size, forescast, and competitive landscape is also covered in this report that presents a clear picture of the industry with relevant statistical data.
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A Detailed Outlook of High-voltage (HV) Gas-insulated Switchgear (GIS) Market Segmentation
The Market Segmentation analysis provides and accurate data of the industry to help the analysts make smart strategic investment decisions. Also, the prediction of the market is included for national, regional, and global level in the research. The study analyses latest trends of the industry from 2024-30 for each of the category.
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-By Insulation Type
- SF6 – Market Size & Forecast, By Revenues (USD Million)
- SF6-free – Market Size & Forecast, By Revenues (USD Million)
-By End Users
- Commercial
- Utilities
- Industrial
- Transportation (Railways Metro, etc.) – Market Size & Forecast, By Revenues (USD Million)
- Others– Market Size & Forecast, By Revenues (USD Million)
-By Installation
- Indoor– Market Size & Forecast, By Revenues (USD Million)
- Outdoor– Market Size & Forecast, By Revenues (USD Million)
-By Configuration
- Hybrid– Market Size & Forecast, By Revenues (USD Million)
- Isolated Phase– Market Size & Forecast, By Revenues (USD Million)
- Integrated Three Phase– Market Size & Forecast, By Revenues (USD Million)
- Compact GIS– Market Size & Forecast, By Revenues (USD Million)
-By Voltage Rating
- Upto 5KV– Market Size & Forecast, By Revenues (USD Million)
- 6 KV to 15KV– Market Size & Forecast, By Revenues (USD Million)
- 16 KV to 27 KV– Market Size & Forecast, By Revenues (USD Million)
- 28 KV to 40.5 KV– Market Size & Forecast, By Revenues (USD Million)
- 6 KV to 73 KV– Market Size & Forecast, By Revenues (USD Million)
- 74 to 220 KV– Market Size & Forecast, By Revenues (USD Million)
- Above 220 KV– Market Size & Forecast, By Revenues (USD Million)
Geographical analysis:
-By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Here, Asia-Pacific is anticipated to acquire a significant market share during the forecast period. It owes principally to the high demand for these products backed by the higher electric power demand, especially across countries like India, China, & Indonesia, among others. Followed by, regions like North America & Europe are also set to make substantial contributions to the High-Voltage Gas-Insulated Switchgear Market growth in the coming years. The governments of different countries in the region have implemented stringent laws to curb emissions & focus substantially on the development & utilization of renewable energy, exemplifying a rise in the number of energy projects & energy-efficient sectors.
Such aspects are leading to new transmission & distribution lines and production units across the region, hinting at a positive influence on the market.Furthermore, the rise in commercial & industrial development across these regions is also contributing to the expansion of power distribution networks, impacting the overall landscape of the switchgear Global High-Voltage Gas-Insulated Switchgear Market through 2030.
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Global High-voltage (HV) Gas-insulated Switchgear (GIS) Industry Recent Developments
- ABB is one of the leading technology companies that energizes the transformation of society and industry to achieve a productive, sustainable future. The company concentrated on sectors like infrastructure, financing, mobility, energy, etc. They provided end-to-end solutions to various industries. The energy business focuses on providing products & services like the installation to its consumers.
- In 2021, ABB announced the launch of its 420 kV high voltage hybrid switchgear, covering the offering range and reinforcing its technology leadership. The new product belongs to ABB’s PASS (Plug and Switch System) family of hybrid high voltage switchgear.
Lead the High-voltage (HV) Gas-insulated Switchgear (GIS) Market with a Deep Evaluation of the Competition
This report also includes accurate facts, figures, and market data into income assessments, and projections in the industry by using a wide range of statistical tools and knowledge about the market by the experts. Each notable market participant has a SWOT evaluation, a profile and a complementary Porter’s Five Forces analysis.
Moreover, to take the benefits of new opportunities, dominating players have been constantly realigning their systems, and methods of operation. We also evaluate major businesses that are influences on a geographical scale along with the small and medium-sized businesses that plays crucial role and have substantial opportunity for expansion in order to accurately reflect the levels of market competition.
The details on the following key players is presented in this section as:
- ABB Ltd.
- Siemens
- Schneider Electric SE
- General Electric
- Eaton Corporation plc
- Mitsubishi Electric Corporation
- Hitachi
- Fuji Electric Co., Ltd.
- Nissin Electric Co., Ltd
- Meidensha Corporation
- Powell Industries Inc.
- HD Hyundai Electric
- Hyosung Heavy Industries
- Toshiba Energy Systems & Solutions
- CG Power and Industrial Solutions Limited
- Others
Some Key Questions Covered in Our Detailed Report
- What are the trends or opportunities of the High-voltage (HV) Gas-insulated Switchgear (GIS) Market? Will the market increase or decrease in the forecast period?
- Who are the top players in the High-voltage (HV) Gas-insulated Switchgear (GIS) industry? And which player dominates the market?
- What is the expected demand for different product categories?
- In the upcoming period, which region will dominate the market with prominent share?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
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