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Gas Insulated Switchgear (GIS) Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: ABB, GE Grid Solutions, Siemens, Mitsubishi Electric

28 Mar, 2022 | 158 Pages
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Registering a CAGR of 7.4% over the forecast period of 2022-2027, the global Gas Insulated Switchgear (GIS) Market is anticipated to reach the market value of USD 36.61 billion by 2027 from USD 21.15 billion in 2018.



Gas Insulated Switchgear (GIS) Market Overview



The outbreak of the COVID-19 led to a series of lockdowns foremost to the global economic slowdown, which, in turn, led to a slowdown in industrial and commercial activities due to less discretionary spending, hampering the gas-insulated switchgear (GIS) market. In terms of the development of the market, factors such as the transformation of the power industry in terms of advanced transmission and distribution networks, increasing adoption of renewable energy-based power plants, etc. are anticipated to drive the market during the forecast period. However, high equipment cost when compared to air-insulated switchgear, along with stringent environmental and safety regulations related to GIS is likely to restrain the market development during the forecast period.



In the packaging of medical and food products, moisture control is the main concern, and thermoform plastic acts as barrier film to bring the product in good condition. Thin walling used in various packaging applications has been an additional development factor for the market.



Gas Insulated Switchgear (GIS) Market Growth Drivers




  • Increasing Share of Renewable Power Generation to Aid Market Growth: As people became more aware of the benefits of renewable energy, more people began to use it. The expansion of renewable energy generation can be attributed to this, as well as supportive government programs for the development of renewable energy.

  • Increasing Investments in Transmission & Distribution Infrastructure to Fuel Demand for GIS Market: To meet the rising demand for electricity, countries are investing in the expansion of transmission and distribution infrastructure.



Who are the Major Players in Gas Insulated Switchgear (GIS) Market?



The Gas Insulated Switchgear (GIS) Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes ABB, GE Grid Solutions, Siemens, Mitsubishi Electric, Toshiba, Fuji Electric, Hyundai, Eaton, Hyosung, Schneider Electric, Nissin Electric, Crompton Greaves, Xi’an XD High Voltage, NHVS, Shandong Taikai, Pinggao Electric Co., Ltd, Sieyuan Electric, CHINT Group



Recent Developments:



June 21 2021: Toshiba and Meidensha to develop GIS jointly using natural origin gases-- 

Toshiba Energy Systems & Solutions Corporation (hereinafter “Toshiba ESS”) and Meidensha Corporation (hereinafter “Meidensha”) have been collaborating since 2020 on the joint development of gas insulated switchgear (GIS) for 72kV/84kV using a natural origin gas that contains no sulfur hexafluoride (SF6) at all, and have now decided to accelerate the development and commercialization of this GIS due to higher demand for environmentally friendly products in the market.



18-08-2021: Hitachi ABB Power Grids announces EconiQ™ High-voltage Roadmap at CIGRE 2021--

Hitachi ABB Power Grids is taking the next steps in its journey towards a sustainable energy future and entering the transmission voltage level with its EconiQ™ eco-efficient high-voltage portfolio. EconiQ is the company’s eco-efficient portfolio for sustainability where products, services and solutions are proven to deliver exceptional environmental performance.



What are the major Applications, Types and Regions for Gas Insulated Switchgear (GIS) Market?



Gas Insulated Switchgear (GIS) Market is segmented based on the type, applications, companies and regions.



By Type, it is segmented into




  •     Up to 38 KV

  •     38 KV to 72KV

  •     72 KV to 150KV

  •     Above 150 KV



By Installation, it is segmented into




  • Indoor

  • Outdoor



By Applications, it is segmented into




  •     Power Transmission

  •     Integration to The Grid

  •     Industry Applications



Gas Insulated Switchgear (GIS) Market Segment Analysis



The outdoor segment dominates the market because to the vast range of applications in an outside application, which includes long-distance power transmission, very big power plants, and ultra-high voltage transmission. The outdoor section of the industry is dominated by significant investments in the expansion of transmission and distribution systems over large distances.



Gas Insulated Switchgear (GIS) Market Regional Analysis



The Asia Pacific region held the highest proportion of the global gas-insulated switchgear market in 2020. North America, on the other hand, is catching up at a breakneck speed. According to data from the US Energy Information Administration, spending on electric transmission networks has increased significantly. Both maintenance and operations are included in these investments. Furthermore, between 2018 and 2019, spending on developing electric transmission systems climbed by nearly 3%, reaching USD 40.1 billion. Increased demand for high-efficiency transformers will almost certainly result in increased electricity demand. The demand for switchgear is increasing as it protects unaffected components by insulating them and maintaining a consistent power supply, favourably impacting the worldwide gas insulated switchgear market.




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





What is our Gas Insulated Switchgear (GIS) Market report scope?



























































Report Attributes



Report Details



Forecast Period 2022 to 2027 CAGR



CAGR of 7.4% over the forecast period (2022-2027)



By Type




  • Up to 38 KV

  • 38 KV to 72KV

  • 72 KV to 150KV

  • Above 150 KV



By Installation




  • Indoor

  • Outdoor



By Application




  • Power Transmission

  • Integration to The Grid

  • Industry Applications



By Companies



ABB, GE Grid Solutions, Siemens, Mitsubishi Electric, Toshiba, Fuji Electric, Hyundai, Eaton, Hyosung, Schneider Electric, Nissin Electric, Crompton Greaves, Xi’an XD High Voltage, NHVS, Shandong Taikai, Pinggao Electric Co., Ltd, Sieyuan Electric, CHINT Group



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



158



Customization Available



Yes, the report can be customized as per your needs




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Key Takeaways from this Gas Insulated Switchgear (GIS) Report




  • Evaluate Gas Insulated Switchgear (GIS) market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.

  • Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.

  • Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.

  • Analyze the sales and distribution channels across geographies to enhance top-line revenues.

  • Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Gas Insulated Switchgear (GIS) market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.



Frequently Asked Questions



What is the growth rate of Gas Insulated Switchgear (GIS) Market?



The Gas Insulated Switchgear (GIS) Market is growing at a CAGR of 7.4% over the next 5 years.



Who are the key players in Gas Insulated Switchgear (GIS) Market?



ABB, GE Grid Solutions, Siemens, Mitsubishi Electric, Toshiba, Fuji Electric, Hyundai, Eaton, Hyosung, Schneider Electric, Nissin Electric, Crompton Greaves, Xi’an XD High Voltage, NHVS, Shandong Taikai, Pinggao Electric Co., Ltd, Sieyuan Electric, CHINT Group



What are the significant types of Gas Insulated Switchgear (GIS) Market?



Up to 38 KV, 38 KV to 72KV, 72 KV to 150KV, Above 150 KV



What are the major end-use applications of Gas Insulated Switchgear (GIS) Market?



Power Transmission, Integration to The Grid, Industry Applications



On the basis of installtion, Which segment is likely to hold the major share in the Gas Insulated Switchgear (GIS) Market?



Outdoor segment to hold the largest share in Gas Insulated Switchgear (GIS) market



All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL GAS INSULATED SWITCHGEAR (GIS) MARKET BY TYPES

    3. GLOBAL GAS INSULATED SWITCHGEAR (GIS) MARKET BY APPLICATIONS



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR GAS INSULATED SWITCHGEAR (GIS)



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1. GAS INSULATED SWITCHGEAR (GIS) GROWTH

      2. APPLICATION OF GAS INSULATED SWITCHGEAR (GIS)



    4. IMPACT OF COVID 19



  5. GLOBAL GAS INSULATED SWITCHGEAR (GIS), BY TYPES

    1. INTRODUCTION

    2. UP TO 38 KV

    3. 38 KV TO 72KV

    4. 72 KV TO 150KV

    5. ABOVE 150 KV



  6. GLOBAL GAS INSULATED SWITCHGEAR (GIS), BY APPLICATION

    1. INTRODUCTION

    2. POWER TRANSMISSION

    3. INTEGRATION TO THE GRID

    4. INDUSTRY APPLICATIONS



  7. GLOBAL GAS INSULATED SWITCHGEAR (GIS), BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1.  ABB

      2.  GE GRID SOLUTIONS

      3.  SIEMENS

      4.  MITSUBISHI ELECTRIC

      5.  TOSHIBA

      6.  FUJI ELECTRIC

      7.  HYUNDAI

      8.  EATON

      9.  HYOSUNG

      10.  SCHNEIDER ELECTRIC

      11.  NISSIN ELECTRIC

      12.  CROMPTON GREAVES

      13.  XI’AN XD HIGH VOLTAGE

      14.  NHVS

      15.  SHANDONG TAIKAI

      16.  PINGGAO ELECTRIC CO.

      17.  LTD

      18.  SIEYUAN ELECTRIC

      19.  CHINT GROUP





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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