DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Gas Insulated Switchgear Market, Update 2016 - Global Market Size, Competitive Landscape, Key Country Analysis and Forecasts to 2020" report to their offering.
Global Gas Insulated Switchgear Market Expected to Reach $8.61 Billion by 2020
The global gas insulated switchgear (GIS) market is expected to show steady growth in the future and reach $8.61 billion in 2020 from $5.23 billion in 2015. In the emerging economies of Asia-Pacific and the Middle East, extensive power plant capacity additions, economic growth, and the need to improve access to electricity are driving grid expansion and the GIS market. In developed economies like North America and Europe the need to upgrade the existing aging transmission network is also driving the GIS market. Globally countries are establishing cross-border networks and renewable installations to have a secure and reliable power which is driving the GIS market especially in the high voltage segment.
Smaller Footprint and Higher Reliability to Drive the GIS Market
The major factors driving the growth of the global GIS market are increasing urbanization and growing space constraints near load centers. Land cost is very high in the densely populated urban regions where new substation or capacity addition is very difficult. Therefore, utilities prefer GIS which can be fitted into an existing building or underground, consuming much less space than Air Insulated Switchgear (AIS), without disturbing the aesthetics of the region.
Another major factor is the high reliability which provides easy operation and maintenance as all components are enclosed in a single gastight compartment. Globally utilities focus on increasing the reliability of T&D networks which drives the GIS market. Moreover, the world’s rising electricity demand is leading to increased investment in the expansion of T&D networks. In the future, GIS manufacturing companies are expected to bring smaller and more efficient switchgear into the market. Due to growing environmental concerns about sulfur hexafluoride (SF6) gas, manufacturers introduced models which will extensively curb the leakage of SF6 into the atmosphere. In future SF6 is expected to be replaced by gases with very low global warming potential (GWP) and pilot projects are underway.
Key Topics Covered:
1 Tables & Figures
2 Introduction
3 GIS Market, Global
4 GIS Market, Americas
5 GIS Market, US
6 GIS Market, Canada
7 GIS Market, Europe
8 GIS Market, Germany
9 GIS Market, UK
10 GIS Market, France
11 GIS Market, Asia-Pacific
12 GIS Market, China
13 GIS Market, India
14 GIS Market, Japan
15 GIS Market, Australia
16 GIS Market, Middle-East & Africa
17 GIS Market, Saudi Arabia
18 GIS Market, Key Company Profiles
- ABB Ltd
- General Electric Company
- Siemens AG
- Mitsubishi Electric Corporation
- Toshiba Corporation
- Hitachi, Ltd.
- Fuji Electric Co., Ltd.
- Hyosung Corporation
- Crompton Gr
For more information about this report visit http://www.researchandmarkets.com/research/nv8tdg/gas_insulated
