Energia
Gas-insulated Switchgear Market Worth $26.5 Billion by 2025 - Exclusive Report by MarketsandMarkets™
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The power transmission segment has the largest share of the Gas-insulated Switchgear Market owing to the global growth in the production and consumption of electricity. Transmission utilities own and operate the transmission system. Thus, the growing demand for power will necessitate the expansion of the transmission network, thereby enhancing the demand for electrical components, e.g., gas-insulated switchgears. But due to COVID-19 lockdowns, utilities are at a standstill, which has resulted in losses for companies. This has a negative impact on the growth of the Gas-insulated Switchgear Market.
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The SF6 segment is expected to have the largest market share during the forecast period. SF6-filled gas-insulated switchgears are preferred over air-insulated switchgears where space is a constraint because air-insulated switchgears require meters of air as an insulation medium to do what SF6-filled switchgears can do in centimeters. Therefore, SF6-filled gas-insulated switchgears can be 10 times smaller than air-insulated switchgears. A majority of the existing and new gas-insulated switchgears use SF6 gas as the dielectric medium. Thus, the demand for gas-insulated switchgears is expected to grow due to the space constraints in urban areas.
In this report, the Gas-insulated Switchgear Market has been analyzed for 5 regions, namely Asia Pacific , North America , Europe , Middle East & Africa , South America . Asia Pacific is expected to lead the market during the forecast period.
The rapid increase in the demand for electricity and an increase in the power generation capacity in developing countries such as
India and China , along with the growth in industrial and commercial sectors, will lead to an increase in the number of substations. Growth in the number of substations will propel the demand for gas-insulated switchgears in Asia Pacific . However, COVID-19 has negatively impacted the power industry globally in the past 2 months. The demand curve for electricity has taken up new shapes, mainly in those countries where the impact of COVID-19 is high. The decreasing demand for electricity is caused by lockdowns across countries to mitigate the spread of the virus. This will have a negative impact on the growth of the Gas-insulated Switchgear Market for a considerable period of time.
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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Gas-insulated Switchgear Market. These include ABB ( Switzerland ), Schneider Electric ( France ), Siemens ( Germany ), Eaton Corporation ( Ireland ), and General Electric (US). The leading players are trying to establish themselves in the markets of developed countries and are adopting various strategies to increase their respective market shares.
Energy and Power Market Research Reports & Consulting
by Voltage Range (3 kV–36 kV and >36 kV), Installation (Indoor and Outdoor), Application (Transmission & Distribution, Manufacturing & Processing, and Infrastructure & Transportation), and Region - Global Forecast to 2022
https://www.marketsandmarkets.com/Market-Reports/air-insulated-switchgear-market-79980057.html
by Insulation (GIS and AIS), Installation (Indoor and Outdoor), End User (T&D Utilities, Industries, Commercial and Residential), Voltage (Low, Medium, and High), and Geography – Global Forecast to 2024
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