Gas Insulated Switchgear Market Insights and Global Forecast to 2020

The gas insulated switchgear market is expected to reach a market size of USD 24.6 billion by 2020, at a CAGR of 9.9% from 2015 to 2020. High voltage gas insulated switch-gear dominates the global market.

Pune, India – December 15, 2015 /MarketersMedia/ —

The Global gas insulated switchgears are used to control, protect, and isolate electrical equipment in power systems. Investments in transmission & distribution infrastructure, infrastructure & transportation, and power generation sector in Asia-Pacific is driving the demand of gas insulated switchgear in the region. Developing as well as developed economies are moving towards renewable energy sources to cope up with the increasing energy demand. Governments of countries in the region have taken various steps for renewable energy programs driving the demand for use of gas insulated switchgears, which is the best alternative in countries of the region having space constraints.

Complete report on Gas Insulated Switchgear Market spread across 177 pages, profiling 12 companies and supported with 102 tables and 50 figures is now available at http://www.rnrmarketresearch.com/gas-insulated-switchgear-gis-market-by-type-high-medium-sub-type-primary-secondary-end-user-transmission-distribution-manufacturing-processing-infrastructure-transportation-and-po-market-report.html .

The gas insulated switchgear market is expected to reach a market size of USD 24.6 billion by 2020, at a CAGR of 9.9% from 2015 to 2020. High voltage gas insulated switch-gear dominates the global market. High voltage gas insulated switchgear held the largest market share in the global gas insulated switchgear market in 2014. It continues to hold the highest position during the forecast period, due to government’s focusing on renewable energy generation and transmitting high voltage electricity over long distances through high voltage transmission network.

In GCC (Gulf Cooperation Council) countries, the fastest growth of the gas insulated switchgear market is attributed to the existing huge manufacturing & processing sector, and growing power generation segments. The GCC countries have plans to restructure their power sectors, thereby encouraging the private sector to invest in this industry. There is an increase in demand for power in the region due to rapid population, commercial, and industrial growth in their respective countries. The GCC power grid has helped power sector in the region to transform into a major trading market.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain &verify critical qualitative and quantitative information as well as assess future market prospects. Distribution of primary interviews is as follows:

By Company Type: Tier 1- 70%, Tier2-20%, and Tier3-10%
By Designation:C-Level-20%, Director Level-75%, and Others*-5%
By Region: North America-45%, Europe-25%, Asia-Pacific-20%, and RoW-10%

The report identifies and addresses key markets for gas insulated switchgear, which is useful for suppliers and OEMs to review production and distribution plans. The report includes analysis for key countries of gas insulated switchgears by type that is high voltage and medium voltage. It analyzes historical trends and also forecast for 2020 assisting in strategic decision making. It also presents competition by analyzing recent market developments such as contracts & agreements, new product launches, expansions, and partnerships, joint ventures, and collaborations from key global market players. It helps to understand the competition strategies and plan respective initiatives.

The major players in the Gas Insulated Switchgear Market discussed in this report are ABB Ltd., Alstom SA, Siemens AG, Schneider Electric SE, Mitsubishi Electric Corporation, Hitachi Ltd., Hyundai Heavy Industries Co. Ltd., Fuji Electric Co. Ltd., Toshiba Corporation, Nissin Electric Co. Ltd., Crompton Greaves Limited and GE Digital Energy. Order a copy of Gas Insulated Switchgear Market by Type (High & Medium), Sub-Type (Primary & Secondary), End-User (Transmission & Distribution, Manufacturing & Processing, Infrastructure & Transportation and Power Generation) & Region – Global Forecast to 2020 now at http://www.rnrmarketresearch.com/contacts/purchase?rname=217664 .

On a related note, another research titled Transfer Switch Market covers the global transfer switch market in terms of value, industrial issues and market impulse factors. It also describes some of the important dynamics such as driver, restraints, and opportunities and challenges for the market. The Transfer Switch market is led by players such as ABB Ltd. (Switzerland), General Electric (U.S.), Cummins Inc. (U.S.), Emerson Electric Company (U.S.), Eaton Corporation PLC. (Ireland), Kohler Power (U.S.), Marathon Thomson Power System (Canada), and Generac Power Systems (U.S.) this report covers 15 leading companies, this report is now available at http://www.rnrmarketresearch.com/transfer-switch-market-by-type-automatic-manual-transition-mode-open-closed-delayed-soft-load-ampere-rating-0-300a-301a-16ka-16ka-4ka-applications-industrial-commercial-residential-and-region-global-trends-and-forecasts-to-20-market-report.html .

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