High Voltage Gas Insulated Switchgear (GIS) Market to See Massive Growth by 2032

High Voltage Gas Insulated Switchgear (GIS) Market Research Report 2024 - [104 Pages Report] Request Free Sample PDF

"High Voltage Gas Insulated Switchgear (GIS) Market" is expected to experience significant growth by 2032 driven by technological innovation, changing consumer preferences, and supportive policies. Whether you're an investor, a business owner, or simply interested in emerging markets, understanding these dynamics will help you navigate and capitalize on this exciting opportunity. The future of the High Voltage Gas Insulated Switchgear (GIS) market is bright and the next decade promises to be revolutionary.

Economic stability and growth in key regions will influence market performance. Fluctuations in currency exchange rates and trade policies will also impact market dynamics.

This detailed High End Wireless Speakers Market research report is spread across 104 pages.

Who is the largest manufacturers of High Voltage Gas Insulated Switchgear (GIS) Market worldwide?

• CG Power & Industrial Solutions
• Toshiba
• Hyosung Heavy Industries
• Nissin Electric
• GE
• Hitachi Energy
• Fuji Electric
• Siemens
• Mitsubishi

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Short Description About High Voltage Gas Insulated Switchgear (GIS) Market:

The Global High Voltage Gas Insulated Switchgear (GIS) market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2032. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

The global High Voltage Gas Insulated Switchgear (GIS) market size was valued at USD Million in 2022 and will reach USD Million in 2028, with a CAGR of Percent during 2022-2028.

High Voltage Gas Insulated Switchgear (GIS) refer to rated voltage over 52KV.

GIS is a kind of metal enclosed switchgear. That means, all the equipment of the electrical switchgear is enclosed by gas tight metal enclosure and SF6 gas is used as insulation between live parts of the equipment and earthed metal enclosure. For establishing electrical substation in very limited place this type of SF6 insulated electrical switchgear plays the major role.

In gas insulated medium voltage switchgear, vacuum technology is used as interrupting purpose and SF6 gas is used as insulation material. Although for both interruption and insulation, SF6 gas is used in many medium voltage GIS systems. But for such equipment rated SF6 gas pressures are different for interruption and insulation. SF6 gas pressure for insulating purpose is generally kept below 2.5 bar whereas SF6 gas pressure for interrupting purpose is ranged from 5 bar to 7 bar.

Development of the renewable energy market in the Indian market

India ranked third globally for total renewable power capacity additions with 15.4 GW in 2021, following only China (136 GW) and the US (43 GW). India has set an ambitious target to achieve a capacity of 175 GW worth of renewable energy by the end of 2022, which expands to 500 GW by 2030. This is the world's largest expansion plan is in renewable energy. With the rapid growth of renewable energy generation, grid stability has become an important issue in countries with a high degree of grid integration of renewable energy sources, which also requires modernization of old transmission and distribution infrastructure. Because renewable energy from sources such as solar and wind provides variable power output, traditional transmission and distribution systems may not be suitable for renewable energy transmission and distribution and require upgrades or retrofits. Additionally, most utility-scale renewable energy generation facilities, such as solar and wind farms, are located far from population centers. Therefore, they need to be connected to demand centers through large transmission projects to use the electricity generated. Such projects are expected to generate huge demand for High Voltage Gas Insulated Switchgear (GIS) over the forecast period, driving the High Voltage Gas Insulated Switchgear (GIS) market in India.

Population growth and continued urbanization in India have seen a substantial increase in electricity consumption.

From 1960 to 2021, India's population increased from 450.55 million to 1.39 billion. In 2022, the total population of India has exceeded 1.4 billion, ranking second in the world. Judging from the population growth rate of various countries in the world, India is expected to surpass China to become the world's number one in the next few years. Population growth is also driving India's urbanization. According to data released by Statista, in 2021, about one-third of India's total population will live in cities. India's Degree of urbanization increased from 31.28% in 2011 to 35.39%. As a result, the urban population in India is constantly growing. Population growth and continued urbanization have contributed to a dramatic increase in electricity consumption in India. Compared with rural areas, the types and quantities of energy supply in cities are more abundant. Urban households have more energy-consuming appliances such as air conditioners and heating equipment. The per capita direct energy consumption of urban residents is generally higher than that of rural residents. The total demand for social residential energy consumption increased. On the other hand, the large-scale agricultural mechanization and the use of grain transportation systems increase the consumption of electricity due to the large reduction of the rural population, which will lead to insufficient agricultural staff to meet the consumption needs of a larger population. The substantial increase in power consumption promotes the construction and development of infrastructure such as power transmission and distribution. This is expected to drive the High Voltage Gas Insulated Switchgear (GIS) market in India over the forecast period.

Company Overview:

Siemens, Hitachi Energy, GE were the top 3 players in the High Voltage Gas Insulated Switchgear (GIS) market in 2022, taking up a market share of 63.35% together.

Siemens is a global innovator focusing on digitalization, electrification and automation for the process and manufacturing industries, and is a leader in power generation and distribution, intelligent infrastructure, and distributed energy systems.

Hitachi Energy offers a complete range of power transformers, traction transformers, insulation and components, digital sensors and transformer services.

Segmentation Overview:

Among different product types, 52 KV-220KV segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Power segment occupied the biggest share from 2017 to 2022.

The High Voltage Gas Insulated Switchgear (GIS) market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.

What are the factors driving the growth of the High Voltage Gas Insulated Switchgear (GIS) Market?

Growing demand for below applications around the world has had a direct impact on the growth of the High Voltage Gas Insulated Switchgear (GIS)

• Power
• Infrastructure
• Industry

What are the types of High Voltage Gas Insulated Switchgear (GIS) available in the Market?

Based on Product Types the Market is categorized into Below types that held the largest High Voltage Gas Insulated Switchgear (GIS) market share In 2024.

• 52 KV-220KV
• 220kV~550kV
• 550kV~800kV
• Above 800kV
•  

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Which regions are leading the High Voltage Gas Insulated Switchgear (GIS) Market?

• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
• South America (Brazil, Argentina, Columbia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

This High Voltage Gas Insulated Switchgear (GIS) Market Research/Analysis Report Contains Answers to your following Questions

• What are the global trends in the High Voltage Gas Insulated Switchgear (GIS) market? Would the market witness an increase or decline in the demand in the coming years?
• What is the estimated demand for different types of products in High Voltage Gas Insulated Switchgear (GIS)? What are the upcoming industry applications and trends for High Voltage Gas Insulated Switchgear (GIS) market?
• What Are Projections of Global High Voltage Gas Insulated Switchgear (GIS) Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
• Where will the strategic developments take the industry in the mid to long-term?
• What are the factors contributing to the final price of High Voltage Gas Insulated Switchgear (GIS)? What are the raw materials used for High Voltage Gas Insulated Switchgear (GIS) manufacturing?
• How big is the opportunity for the High Voltage Gas Insulated Switchgear (GIS) market? How will the increasing adoption of High Voltage Gas Insulated Switchgear (GIS) for mining impact the growth rate of the overall market?
• How much is the global High Voltage Gas Insulated Switchgear (GIS) market worth? What was the value of the market In 2023?
• Who are the major players operating in the High Voltage Gas Insulated Switchgear (GIS) market? Which companies are the front runners?
• Which are the recent industry trends that can be implemented to generate additional revenue streams?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for High Voltage Gas Insulated Switchgear (GIS) Industry?

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Detailed TOC of Global High Voltage Gas Insulated Switchgear (GIS) Market Research Report, 2024-2032

1 Market Overview

1.1 Product Overview and Scope of High Voltage Gas Insulated Switchgear (GIS)

1.2 Classification of High Voltage Gas Insulated Switchgear (GIS) by Type

1.2.1 Overview: Global High Voltage Gas Insulated Switchgear (GIS) Market Size by Type: 2017 Versus 2022 Versus 2032

1.2.2 Global High Voltage Gas Insulated Switchgear (GIS) Revenue Market Share by Type in 2022

1.3 Global High Voltage Gas Insulated Switchgear (GIS) Market by Application

1.3.1 Overview: Global High Voltage Gas Insulated Switchgear (GIS) Market Size by Application: 2017 Versus 2022 Versus 2032

1.4 Global High Voltage Gas Insulated Switchgear (GIS) Market Size and Forecast

1.5 Global High Voltage Gas Insulated Switchgear (GIS) Market Size and Forecast by Region

1.6 Market Drivers, Restraints and Trends

1.6.1 High Voltage Gas Insulated Switchgear (GIS) Market Drivers

1.6.2 High Voltage Gas Insulated Switchgear (GIS) Market Restraints

1.6.3 High Voltage Gas Insulated Switchgear (GIS) Trends Analysis

2 Company Profiles

2.1 Company

2.1.1 Company Details

2.1.2 Company Major Business

2.1.3 Company High Voltage Gas Insulated Switchgear (GIS) Product and Solutions

2.1.4 Company High Voltage Gas Insulated Switchgear (GIS) Revenue, Gross Margin and Market Share (2020,2021,2022, and 2023)

2.1.5 Company Recent Developments and Future Plans

3 Market Competition, by Players

3.1 Global High Voltage Gas Insulated Switchgear (GIS) Revenue and Share by Players (2020,2021,2022, and 2023)

3.2 Market Concentration Rate

3.2.1 Top3 High Voltage Gas Insulated Switchgear (GIS) Players Market Share in 2022

3.2.2 Top 10 High Voltage Gas Insulated Switchgear (GIS) Players Market Share in 2022

3.2.3 Market Competition Trend

3.3 High Voltage Gas Insulated Switchgear (GIS) Players Head Office, Products and Services Provided

3.4 High Voltage Gas Insulated Switchgear (GIS) Mergers and Acquisitions

3.5 High Voltage Gas Insulated Switchgear (GIS) New Entrants and Expansion Plans

4 Market Size Segment by Type

4.1 Global High Voltage Gas Insulated Switchgear (GIS) Revenue and Market Share by Type (2017-2023)

4.2 Global High Voltage Gas Insulated Switchgear (GIS) Market Forecast by Type (2024-2032)

5 Market Size Segment by Application

5.1 Global High Voltage Gas Insulated Switchgear (GIS) Revenue Market Share by Application (2017-2023)

5.2 Global High Voltage Gas Insulated Switchgear (GIS) Market Forecast by Application (2024-2032)

6 Regions by Country, by Type, and by Application

6.1 High Voltage Gas Insulated Switchgear (GIS) Revenue by Type (2017-2032)

6.2 High Voltage Gas Insulated Switchgear (GIS) Revenue by Application (2017-2032)

6.3 High Voltage Gas Insulated Switchgear (GIS) Market Size by Country

6.3.1 High Voltage Gas Insulated Switchgear (GIS) Revenue by Country (2017-2032)

6.3.2 United States High Voltage Gas Insulated Switchgear (GIS) Market Size and Forecast (2017-2032)

6.3.3 Canada High Voltage Gas Insulated Switchgear (GIS) Market Size and Forecast (2017-2032)

6.3.4 Mexico High Voltage Gas Insulated Switchgear (GIS) Market Size and Forecast (2017-2032)

7 Research Findings and Conclusion

8 Appendix

8.1 Methodology

8.2 Research Process and Data Source

8.3 Disclaimer

9 Research Methodology

10 Conclusion

Continued….

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