The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), High-voltage (HV) Gas-insulated Switchgear (GIS) Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of High-voltage (HV) Gas-insulated Switchgear (GIS) Industry (2024-2030):
According to the latest report, The High-voltage (HV) Gas-insulated Switchgear (GIS) Market is projected to grow at a CAGR of around 6.9% during the forecast period, i.e., 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the High-voltage (HV) Gas-insulated Switchgear (GIS) industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2019-22
- Base Year: 2023
- Forecast Period: 2024-30
- CAGR (2024-2030): 6.9%
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High-voltage (HV) Gas-insulated Switchgear (GIS) Market Segmentation
The High-voltage (HV) Gas-insulated Switchgear (GIS) Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Insulation Type
- SF6 – Market Size & Forecast, By Revenues (USD Million)
- SF6-free – Market Size & Forecast, By Revenues (USD Million)
- By End Users
- Commercial
- Infrastructure – Market Size & Forecast, By Revenues (USD Million)
- Government – Market Size & Forecast, By Revenues (USD Million)
- Others – Market Size & Forecast, By Revenues (USD Million)
- Utilities
- Power Generation – Market Size & Forecast, By Revenues (USD Million)
- Power Transmission & Distribution – Market Size & Forecast, By Revenues (USD Million)
- Industrial
- Process – Market Size & Forecast, By Revenues (USD Million)
- Discrete – Market Size & Forecast, By Revenues (USD Million)
- Oil & Gas – Market Size & Forecast, By Revenues (USD Million)
- Others – Market Size & Forecast, By Revenues (USD Million)
- Transportation (Railways Metro, etc.) – Market Size & Forecast, By Revenues (USD Million)
- Others– Market Size & Forecast, By Revenues (USD Million)
- By Installation
- Indoor– Market Size & Forecast, By Revenues (USD Million)
- Outdoor– Market Size & Forecast, By Revenues (USD Million)
- By Configuration
- Hybrid– Market Size & Forecast, By Revenues (USD Million)
- Isolated Phase– Market Size & Forecast, By Revenues (USD Million)
- Integrated Three Phase– Market Size & Forecast, By Revenues (USD Million)
- Compact GIS– Market Size & Forecast, By Revenues (USD Million)
- By Voltage Rating
- Upto 5KV– Market Size & Forecast, By Revenues (USD Million)
- 6 KV to 15KV– Market Size & Forecast, By Revenues (USD Million)
- 16 KV to 27 KV– Market Size & Forecast, By Revenues (USD Million)
- 28 KV to 40.5 KV– Market Size & Forecast, By Revenues (USD Million)
- 40.6 KV to 73 KV– Market Size & Forecast, By Revenues (USD Million)
- 74 to 220 KV– Market Size & Forecast, By Revenues (USD Million)
- Above 220 KV– Market Size & Forecast, By Revenues (USD Million)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
As per the regional aspect, the High-voltage (HV) Gas-insulated Switchgear (GIS) Market is expected to be dominated by North America by capturing the potential market share.
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Top Companies in the High-voltage (HV) Gas-insulated Switchgear (GIS) Market
ABB Ltd., Siemens, Schneider Electric SE, General Electric, Eaton Corporation plc, Mitsubishi Electric Corporation, Hitachi, Fuji Electric Co., Ltd., Nissin Electric Co., Ltd, Meidensha Corporation, Powell Industries Inc., HD Hyundai Electric, Hyosung Heavy Industries, Toshiba, CG Power and Industrial Solutions, and Others
Others Reports:
High-voltage (HV) Gas-insulated Switchgear (GIS) Industry Recent Development:
ABB is one of the leading technology companies that energizes the transformation of society and industry to achieve a productive, sustainable future. The company concentrated on sectors like infrastructure, financing, mobility, energy, etc. They provided end-to-end solutions to various industries. The energy business focuses on providing products & services like the installation to its consumers.
In 2021, ABB announced the launch of its 420 kV high voltage hybrid switchgear, covering the offering range and reinforcing its technology leadership. The new product belongs to ABB’s PASS (Plug and Switch System) family of hybrid high voltage switchgear.
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