High-voltage (HV) Gas-insulated Switchgear (GIS) Market

High-voltage (HV) Gas-insulated Switchgear (GIS) Market to Exhibit a Remarkable CAGR of 6.9% by 2030, Size, Share, Trends, Key Drivers

0 Comment December 26, 2024 Uncategorized

Quick Overview of the Global High-voltage (HV) Gas-insulated Switchgear (GIS) Market Analysis

The Global High-voltage (HV) Gas-insulated Switchgear (GIS) Market Analysis, research report provides an in-depth market study with qualitative and quantitative research of the continuing industry trends, opportunities, growth areas, drivers, and challenges, which would enable stakeholders to align their market strategies according to the present & future market dynamics.

Detailed Analysis of High-voltage (HV) Gas-insulated Switchgear (GIS) Industry (2024-30): Reveals Further Growth &Market Expansion

According to the most recent study, 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. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, regional landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024-30.

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High-voltage (HV) Gas-insulated Switchgear (GIS) Market Segmentation Analysis

-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)

Explore Our Comprehensive Study:  https://www.marknteladvisors.com/research-library/high-voltage-gas-insulated-switchgear-market.html

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.

Key Players and Competitive Strategies in the High-voltage (HV) Gas-insulated Switchgear (GIS) Market

The report provides a study that looks at the requirements for manufacturing and processing, project expenses, finance, and economics, as well as projected profit margins and returns on investment. This also helps in identifying the major market players in the market such 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

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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.

Key Report Highlights

  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the market?
  3. What key factors would propel and impede the industry across the globe?
  4. How has the industry been evolving in terms of geography and product adoption?
  5. How has the competition been shaping up across various regions?
  6. How have buying behaviour, customer inclination, and expectations from product manufacturers been evolving during 2024-30?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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