The global gas insulated switchgear (GIS) market is anticipated to grow at a CAGR of around 6.1% during the forecast period. The increasing electricity demand due to rising industrialization and urbanization is the major factor that has surged the adoption of safe and efficient equipment such as GIS in electric generation facilities. The United Nations (UN) estimates that the world's population will grow from 7.6 billion in 2017 to 9.7 billion by 2050. Increased electrification of end-users such as transport, space cooling, large appliances, ICT, and others are key contributors to rising electricity demand. Also, the increase in renewable energy capacity addition and increased investment in industrial production will enable the demand for gas insulated switchgear during the forecast period.
Browse the full report description of “Gas Insulated Switchgear Market Size, Share, and Trends Analysis Report, By Insulation Types (SF6 and SF6 Free), By Configurations (Hybrid, Isolated Phase, Integrated Three Phase, and Compact GIS), By End-User (Transmission & Distribution, Manufacturing, Infrastructure & Transportation, Industries & OEM, Commercial, and Others), Forecast (2022 to 2028)” at https://www.omrglobal.com/industry-reports/gas-insulated-switchgear-market
For instance, In December 2020, The Asian Development Bank (ADB) and Government of India marked a $132.8 million credit to reinforce and modernize the dispersion networks and improve nature of power provided to households, industries and organizations in Meghalaya. Furthermore, in Friday 2022, The UK government launched a wide-ranging $405.49 million package of support for innovative energy technologies. This includes $259.51 million to support the production of hydrogen as a clean, low-cost energy technology such as GIS, $2.70 million of funding to develop next-generation nuclear technology and a further $5.41 million towards research into carbon capture.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Insulation Types
o By Configurations
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- ABB Group, General Electric Co., Siemens AG, Schneider Electric SE, Eaton Corp, Mitsubishi Electric Corp, Hitachi, Ltd., Hyundai Electric & Energy Systems Co., Ltd, Fuji Electric Co., Ltd., among others.
• Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global GIS Market Report by Segment
• Global GIS Market by Insulation Types
o SF6
o SF6 free
• Global GIS Market by Configurations
o Hybrid
o Isolated Phase
o Integrated Three Phase
o Compact GIS
• Global GIS Market by End-User
o Transmission & Distribution
o Manufacturing
o Infrastructure & Transportation
o Industries & OEM
o Commercial
o Others
Global GIS Market Report By Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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