DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Gas Insulated Switchgear Market - Global Forecast to 2021" report to their offering.
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 switchgears 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 switchgears in the region.
Compact design of the switchgear, higher efficiency as compared to conventional switchgears, solid insulated switchgears, and air insulated switchgears, high serving life and low maintenance are expected to drive the growth of the gas insulated switchgear market. High cost of equipment as compared to air insulated switchgears affects the revenue of established players.
The 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 solutions such as medium voltage gas insulated switchgears at substations.
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.
- ABB Ltd.
- Chint Electric Co. Ltd.
- Crompton Greaves Limited
- Fuji Electric Co. Ltd.
- General Electric
- Hitachi Ltd.
- Hyosung Corporation
- Hyundai Heavy Industries Co.
- Larsen & Toubro
- Mitsubishi Electric Corporation
- Nissin Electric Co. Ltd.
- Schneider Electric
- Siemens AG
- Toshiba International Corporation
- XI'an XD Switchgear Electric Co.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Gas Insulated Switchgear Market, By Voltage Range
7 Gas Insulated Switchgear Market, By Type
8 Gas Insulated Switchgear Market, By End-User
9 Gas Insulated Switchgear Market, By Region
10 Competitive Landscape
11 Company Profile
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