Gas Insulated Switchgear Market by Installation (Indoor, Outdoor), Insulation Type (SF6, SF6 free), Voltage Rating (Up to 36 kV, 37 to 73 kV, 74 to 220 kV, Above 220 kV), Configuration, End-User and Region - Global Forecast to 2027
[274 Pages Report] The global gas insulated switchgear market in terms of revenue was estimated to be worth $23.1 billion in 2022 and is poised to reach $31.3 billion by 2027, growing at a CAGR of 6.3% from 2022 to 2027. With the advent of IoT for home automation and building automation purposes, managing energy has become a top priority. Hence, these factors drive the need for gas insulated switchgear to monitor and optimize energy consumption. The demand was driven by the industrial sector; the commercial, service, and residential sectors also contributed significantly.
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Gas Insulated Switchgear Market Dynamics
Driver: Increase in renewable energy-based capacity addition
Continuous governmental support in over 130 countries, aggressive net-zero objectives declared by countries accounting for 90% of global GDP, and improved wind and solar PV competitiveness are all driving the expansion of renewable energy. China's pledge to achieve carbon neutrality by 2060 has prompted new short-term goals, such as 1,200 GW of total wind and solar PV capacity by 2030. Renewable power growth in the European Union is projected to outperform what the existing National Energy and Climate Plans (NECPs) foresee for 2030, according to the trajectory of renewable capacity growth from 2021 to 2026. Member countries are implementing bigger auction volumes, firms are contracting for more renewable electricity, and consumers are continuing to install substantial numbers of solar panels, all of which are driving rapid adoption. This scenario will benefit the global gas insulated switchgear industry as the need for green and clean energy rises.
Restraints: Stringent regulations restricting SF6 gas emissions
All current-carrying components in GIS substations are enclosed in gas-tight metallic casings pressurized with sulfur hexafluoride (SF6) gas as the insulating and arc-quenching medium. Switchgear can be made much more compact by using pressurized SF6 gas as an insulating medium since it allows for a significantly lower mutual distance between current-carrying elements. Dry inert gas SF6 is non-flammable and does not deteriorate on its own. SF6 is also classified as a "greenhouse gas" (GHG). SF6 is the most potent GHG in global warming potential among the group of chemicals known as fluorinated gases (GWP). Strict measures have been put in place to limit SF6 emissions, including restrictions on its use. Regulatory agencies are increasingly examining SF6 due to its environmental impact. As F-gas rules become more stringent, they will have a greater impact on SF6, affecting the gas insulated switchgear market.
Opportunities: Increased investment in industrial production
Due to the COVID-19 pandemic, many industrial production companies faced production stoppages. Many new projects and expansion plans had to be put on hold. However, industrial production is slowly getting back on track as pandemic restrictions are being lifted across the globe. According to the IMF, the global GDP declined by 3.1% in 2020; however, it registered a GDP growth of 6.1% in 2021. According to the United Nations Industrial Development Organization (UNIDO), global industrial production registered a stable year-over-year output growth of 3.3% in 2021, primarily driven by emerging APAC industries such as India and China. The situation indicates favorable prospects for gas-insulated switchgear, critical in industrial environments for power safety and regulation.
Challenges: GIS are expensive compared to conventional or air-insulated switchgear
Capital Expenditure (CAPEX), the manufacturing process, and the usage of costly components, such as switching elements, a circuit breaker, and transformers, which must be operated inside an enclosure filled with a dielectric gas, all enhance the cost of procuring. Consequently, increasing the cost of the equipment was a result of housing everything in one chamber. The Intergovernmental Panel on Climate Change lists SF6 gas as one of the most dangerous GHGs (IPCC). There is currently no option that operates as effectively as SF6 gas. Therefore, throughout the projected period, the growth of this market would be constrained by elevated procurement costs along with severe regulations against SF6 gas. In the case of any internal damage is happened, then the cost of it is more in the case of GIS as compared to AIS.
Gas Insulated Switchgear Market Share
The global gas insulated switchgear (GIS) market refers to the percentage of the entire market held by specific companies delivering GIS solutions. GIS is a form of switchgear used to isolate and safeguard electrical equipment in power generating, transmission, and distribution networks. Factors such as rising demand for dependable and efficient power supply solutions, increased adoption of renewable energy sources, and the need for improved electrical safety are driving the GIS market. A few key players dominate the global gas insulated switchgear market, including Siemens AG, ABB Ltd., Mitsubishi Electric Corporation, and Schneider Electric SE. The market is divided into voltage, installation, end-use industry, and geographical segments. The use of geographic information systems (GIS) is predicted to grow in the next years, driven by the growing demand for smart grid technology and the need for sustainable energy solutions.
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Gas insulated switchgear indoor segment, by installation, to grow at highest CAGR from 2022 to 2027
Based on the installation, the indoor gas insulated switchgear is estimated to be the fastest-growing market from 2020 to 2027. An uninterrupted power supply is a key factor driving the demand for indoor gas insulated switchgears. The industrial sector also supports the growth of the indoor gas insulated switchgear market, with manufacturing facilities or assembling plants adopting indoor gas insulated switchgears as an integral part of their power network.
Hybrid segment, by configuration, to emerge as largest segment of gas insulated switchgear market
Based on the configuration, the hybrid segment holds the largest market share during the forecast period. The rising demand is due to the features of the configuration. Hybrid gas-insulated switchgear has a three-position disconnecting and earthing switch, making it safe and compact. In addition to being compact, hybrid gas-insulated switchgear may be set up onsite in a short amount of time. The key benefits of hybrid gas-insulated switchgear are its dependable performance, high level of intelligence, and minimal maintenance requirements.
Power distribution utilities segment, by end-user, to grow at highest CAGR from 2022 to 2027
By end-user, the power distribution utilities segment forms the largest end-user segment and grows at the highest CAGR from 2022 to 2027. The power distribution utilities include non-renewable and renewable sources of energy to fulfill the electricity demand. The increasing adoption of renewal energy sources for power generation makes it necessary to upgrade the current infrastructure to allow easy integration of the electricity generated from renewable sources. The developing economies aim to achieve 100% electrification and, as a result, are working extensively towards expanding the current infrastructure. These factors are expected to drive the growth of power distribution utilities.
Asia Pacific to account for largest market size during forecast period
Asia Pacific is expected to dominate the gas insulated switchgear market during the forecast period. According to International Monetary Fund (IMF), the economy of Asia Pacific is estimated to grow by 4.9% in the fiscal year 2022. The growth slowdown resulting from the COVID-19 pandemic in 2020 significantly affected the region, which saw its economy decline by ~1.5% in 2020. As a result, the energy demand fell substantially but has rebounded since the lifting of lockdown measures and the full-scale resumption of industrial and manufacturing sectors in the region. Furthermore, population growth in the region increases the burden on the housing infrastructure and will compel economies to focus on expanding public housing infrastructure. The continued growth in Asia Pacific in all major industrial sectors is expected to drive the demand for gas insulated switchgear during the forecast period.
Key Players
ABB (Switzerland), General Electric (US), Siemens (Germany), Schneider Electric (France), Eaton Corporation (Ireland), Mitsubishi Electric (Japan), Hitachi (Japan), Legrand (France), Hyundai Electric (South Korea), Fuji Electric (Japan), and Toshiba (Japan).
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|
Report Metric |
Details |
|
Market Size available for years |
2020–2027 |
|
Base year considered |
2021 |
|
Forecast period |
2022–2027 |
|
Forecast units |
Value (USD Million/Billion) |
|
Segments covered |
By Installation, By Insulation Type, By Configuration, By Voltage Rating, and By End- User |
|
Geographies covered |
Asia Pacific, North America, Europe, Middle East and Africa, and South America |
|
Companies covered |
ABB (Switzerland), General Electric (US), Siemens (Germany), Schneider Electric (France), Mitsubishi Electric (Japan), Eaton Corporation (Ireland), Hitachi (Japan), Hyundai Electric (South Korea), Fuji Electric (Japan), Toshiba energy systems & solutions corporation (Japan), Hyosung Heavy Industries (South Korea), ELEKTROBUDOWA (Poland), Yueqing Liyond Electric Co. Ltd. (China), CG Power and Industrial Solutions (India), Nissin Electric (Japan), Meidensha Corporation (Japan), Powell Industries (US), Lucy Electric (UK), Chint (China), SEL S.P.A. (Italy), and ILJIN Electric (South Korea) |
This research report categorizes the gas insulated switchgear market based on installation, insulation configuration, voltage rating, end-user, and region.
Based on installations, the gas insulated switchgear market has been segmented as follows:
- Indoor
- Outdoor
Based on insulation types, the gas insulated switchgear market has been segmented as follows:
- SF6
- SF6 free
Based on voltage ratings, the gas insulated switchgear market has been segmented as follows:
- Up to 36 kV
- 37 to 73 kV
- 74 to 220 kV
- Above 220 kV
Based on configurations, the gas insulated switchgear market has been segmented as follows:
- Hybrid
- Isolated Phase
- Integrated Three Phase
- Compact GIS
Based on end-users, the gas insulated switchgear market has been segmented as follows:
- Power Transmission Utilities
- Power Distribution Utilities
- Power Generation Utilities
- Railways & Metros
- Industries & OEM
- Commercial
Based on regions, the gas insulated switchgear market has been segmented as follows:
- North America
- Asia Pacific
- South America
- Europe
- Middle East and Africa
Recent Developments
- In April 2022, ABB partnered with Samsung Electronics to provide jointly developed technologies for energy savings, energy management, and the smart Internet of Things (IoT) connection of both residential and commercial buildings.
- In August 2020, Schneider Electric completed a transaction to combine its Low Voltage and Industrial Automation business in India with Larsen & Toubro’s Electrical & Automation business.
- ABB signed a four-year framework contract with Italy’s Transmission System Operator (TSO), Terna, in December 2021. The TSO oversees securing and dispatching energy across the country. The contract involves the provision of ABB's Gas-Insulated Switchgear (GIS), a technology that allows equipment footprints to be reduced to one-tenth of those of air-insulated switchgear substations.
Frequently Asked Questions (FAQ):
What is the current size of the global gas insulated switchgear market?
The global gas insulated switchgear market is estimated to be USD 23.1 billion in 2022.
What are the major drivers for gas insulated switchgear market?
The gas insulated switchgear market is expected to witness significant growth during the forecast period due to the aging power distribution infrastructure, increased renewable energy capacity addition, and increased investment in industrial production. The operation of a well-designed GIS is trouble-free and requires little maintenance. Also, arc-resistant GIS designs tested to IEC standards can be applied for even higher reliability and safety without increasing equipment footprint. Therefore, GIS offers the powerful advantage of being inherently arc resistant by its design compared to metal-clad design.
Which is the largest-growing region during the forecast period in the gas insulated switchgear market?
Asia Pacific is expected to account for the largest market size during the forecast period. The region covers China, India, Japan, South Korea, Australia, and the Rest of Asia Pacific. The major end-users for gas insulated switchgears in the region include power transmission utilities, power distribution utilities, power generation utilities, railways and metros, industries and OEM, and commercial. The region has lucrative opportunities for gas insulated switchgears due to the rising energy demand and replacing aging coal-fired power plants and distribution infrastructure with new and smart infrastructure.
Which is the fastest-growing segment in the gas insulated switchgear market during the forecast period?
The SF6 free is expected to grow at the fastest CAGR. The EU F-gas regulations of 2006 and 2014 (in the framework of its F-Gas Regulation No. 517/2014) tightened the restrictions on using SF6 in switchgear. The newest primary GIS from ABB, PrimeGear ZX0, distributes energy in the Medium-Voltage (MV) network by utilizing SF6 free switchgear technology and ABB's digital monitoring and diagnostic solutions. Also, ABB developed AirPlus, a gas insulated switchgear that uses a gas mixture with 99.99% lower global warming potential. Thus, in a scenario where concerns related to global warming are increasing along with stringent regulations toward SF6, these alternatives can prove to be one of the driving factors for the gas insulated switchgear market. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 30)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
1.3.1 GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION
1.3.2 GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE
1.3.3 GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING
1.3.4 GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION
1.3.5 GAS-INSULATED SWITCHGEAR MARKET, BY END-USER
1.3.6 GAS-INSULATED SWITCHGEAR MARKET, BY REGION
1.4 MARKET SCOPE
1.4.1 GAS-INSULATED SWITCHGEAR MARKET SEGMENTATION
1.4.2 REGIONAL SCOPE
1.5 YEARS CONSIDERED
1.6 CURRENCY CONSIDERED
1.7 LIMITATIONS
1.8 STAKEHOLDERS
1.9 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 36)
2.1 RESEARCH DATA
FIGURE 1 GAS-INSULATED SWITCHGEAR MARKET: RESEARCH DESIGN
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 2 DATA TRIANGULATION METHODOLOGY
2.2.1 SECONDARY DATA
2.2.1.1 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Breakdown of primaries
FIGURE 3 KEY DATA FROM PRIMARY SOURCES
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
FIGURE 5 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR GAS-INSULATED SWITCHGEAR
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3.3 DEMAND-SIDE ANALYSIS
2.3.3.1 Regional analysis
2.3.3.2 Country analysis
2.3.3.3 Demand-side assumptions
2.3.3.4 Demand-side calculations
2.3.4 SUPPLY-SIDE ANALYSIS
FIGURE 8 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF GAS-INSULATED SWITCHGEAR
FIGURE 9 GAS-INSULATED SWITCHGEAR MARKET: SUPPLY-SIDE ANALYSIS
2.3.4.1 Supply-side calculations
2.3.4.2 Supply-side assumptions
2.3.5 FORECAST
3 EXECUTIVE SUMMARY (Page No. - 48)
TABLE 1 GAS-INSULATED SWITCHGEAR MARKET SNAPSHOT
FIGURE 10 ASIA PACIFIC DOMINATED GAS-INSULATED SWITCHGEAR MARKET IN 2021
FIGURE 11 BY INSTALLATION, OUTDOOR SEGMENT ESTIMATED TO ACCOUNT FOR LARGER MARKET SHARE THAN INDOOR SEGMENT BETWEEN 2022 AND 2027
FIGURE 12 BY INSULATION TYPE, SF6 SEGMENT PROJECTED TO DOMINATE GAS-INSULATED SWITCHGEAR MARKET FROM 2022 TO 2027
FIGURE 13 BY VOLTAGE RATING, ABOVE 220 KV SEGMENT ESTIMATED TO LEAD GAS-INSULATED SWITCHGEAR MARKET FROM 2022 TO 2027
FIGURE 14 BY CONFIGURATION, HYBRID SEGMENT ESTIMATED TO LEAD GAS-INSULATED SWITCHGEAR MARKET FROM 2022 TO 2027
FIGURE 15 BY END-USER, POWER TRANSMISSION UTILITIES SEGMENT ESTIMATED TO LEAD GAS-INSULATED SWITCHGEAR MARKET FROM 2022 TO 2027
4 PREMIUM INSIGHTS (Page No. - 53)
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN GAS-INSULATED SWITCHGEAR MARKET
FIGURE 16 ADOPTION OF RENEWABLE ENERGY TECHNOLOGIES TO DRIVE GAS-INSULATED SWITCHGEAR MARKET BETWEEN 2022 AND 2027
4.2 GAS-INSULATED SWITCHGEAR MARKET, BY REGION
FIGURE 17 ASIA PACIFIC MARKET TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
4.3 ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION AND COUNTRY, 2021
FIGURE 18 BY INSTALLATION, OUTDOOR SEGMENT ACCOUNTED FOR LARGER SHARE OF ASIA PACIFIC GAS-INSULATED SWITCHGEAR MARKET IN 2021
4.4 GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION
FIGURE 19 OUTDOOR SEGMENT ESTIMATED TO ACCOUNT FOR LARGER MARKET SHARE THAN INDOOR SEGMENT BY 2027
4.5 GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE
FIGURE 20 SF6 SEGMENT ESTIMATED TO ACCOUNT FOR LARGER MARKET SHARE THAN SF6 FREE SEGMENT BY 2027
4.6 GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING
FIGURE 21 ABOVE 220 KV SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE BY 2027
4.7 GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION
FIGURE 22 HYBRID SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE BY 2027
4.8 GAS-INSULATED SWITCHGEAR MARKET, BY END-USER
FIGURE 23 POWER TRANSMISSION UTILITIES SEGMENT TO LEAD GAS-INSULATED SWITCHGEAR MARKET BY 2027
5 MARKET OVERVIEW (Page No. - 57)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 24 GAS-INSULATED SWITCHGEAR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Rising global energy consumption
FIGURE 25 TOTAL ELECTRICITY CONSUMPTION (EJ), 2010–2019
TABLE 2 ELECTRICITY PRICES IN SELECTED OECD COUNTRIES, 2021 (USD/UNIT)
5.2.1.2 Increase in renewable energy-based capacity addition
FIGURE 26 INSTALLED RENEWABLE ENERGY CAPACITY (2016–2021)
5.2.1.3 Low maintenance and minimal space requirement of GIS
5.2.1.4 Arc-resistant design of GIS
5.2.2 RESTRAINTS
5.2.2.1 Stringent regulations restricting SF6 gas emissions
TABLE 3 GLOBAL WARMING POTENTIALS OF GREENHOUSE GASES (100-YEAR TIME HORIZON)
5.2.3 OPPORTUNITIES
5.2.3.1 Aging power distribution infrastructure
5.2.3.2 Emerging smart technologies and digitalization
5.2.3.3 Increasing investment in industrial production
FIGURE 27 GLOBAL GDP GROWTH (2010–2022)
5.2.4 CHALLENGES
5.2.4.1 High cost of GIS compared with conventional or air-insulated switchgear
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR GAS-INSULATED SWITCHGEAR PROVIDERS
FIGURE 28 REVENUE SHIFT FOR GAS-INSULATED SWITCHGEAR PROVIDERS
5.4 MARKET MAP
FIGURE 29 MARKET MAP: GAS-INSULATED SWITCHGEAR MARKET
TABLE 4 GAS-INSULATED SWITCHGEAR MARKET: ROLE IN ECOSYSTEM
5.5 VALUE CHAIN ANALYSIS
FIGURE 30 VALUE CHAIN ANALYSIS: GAS-INSULATED SWITCHGEAR MARKET
5.5.1 RAW MATERIAL PROVIDERS/SUPPLIERS
5.5.2 COMPONENT MANUFACTURERS
5.5.3 GAS-INSULATED SWITCHGEAR MANUFACTURERS/ASSEMBLERS
5.5.4 DISTRIBUTORS
5.5.5 END USERS
5.5.6 POST-SALES SERVICES
5.6 TECHNOLOGY ANALYSIS
5.6.1 AI-DETECTION GAS-INSULATED SWITCHGEAR
5.6.2 IOT-CONNECTED GAS-INSULATED SWITCHGEAR
5.6.3 SF6 FREE GAS-INSULATED SWITCHGEAR
5.7 PRICING ANALYSIS
5.7.1 AVERAGE SELLING PRICES OF GAS-INSULATED SWITCHGEAR, BY VOLTAGE RATING
TABLE 5 AVERAGE SELLING PRICES OF GAS-INSULATED SWITCHGEAR, 2021
TABLE 6 AVERAGE SELLING PRICES OF GAS-INSULATED SWITCHGEAR FROM KEY PLAYERS, BY VOLTAGE, (2021)
FIGURE 31 AVERAGE SELLING PRICES OF KEY PLAYERS, BY VOLTAGE RATING
5.8 KEY CONFERENCES AND EVENTS IN 2022–2024
TABLE 7 SWITCHGEAR MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
5.9 TARIFFS, CODES, AND REGULATIONS
5.9.1 TARIFFS RELATED TO GAS-INSULATED SWITCHGEAR
TABLE 8 IMPORT TARIFFS FOR HS 853690 LOW VOLTAGE PROTECTION EQUIPMENT IN 2019
TABLE 9 IMPORT TARIFFS FOR HS 8535 HIGH VOLTAGE PROTECTION EQUIPMENT IN 2019
5.10 TRADE ANALYSIS
5.10.1 TRADE ANALYSIS RELATED TO ELECTRICAL APPARATUS FOR SWITCHING OR PROTECTING ELECTRICAL CIRCUITS WITH VOLTAGE EXCEEDING 1,000 VOLTS
5.10.2 IMPORT SCENARIO
TABLE 10 IMPORT SCENARIO FOR HS CODE: 8535, BY COUNTRY, 2019–2021 (USD)
5.10.3 EXPORT SCENARIO
TABLE 11 EXPORT SCENARIO FOR HS CODE: 8535, BY COUNTRY, 2019–2021 (USD)
5.10.4 TRADE ANALYSIS RELATED TO ELECTRICAL APPARATUS FOR SWITCHING OR PROTECTING ELECTRICAL CIRCUITS WITH VOLTAGE NOT EXCEEDING 1,000 VOLTS
5.10.5 IMPORT SCENARIO
TABLE 12 IMPORT SCENARIO FOR HS CODE: 853690, BY COUNTRY, 2019–2021 (USD)
5.10.6 EXPORT SCENARIO
TABLE 13 EXPORT SCENARIO FOR HS CODE: 853690, BY COUNTRY, 2019–2021 (USD)
5.10.7 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 16 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 17 REST OF WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.10.8 CODES AND REGULATIONS RELATED TO GAS-INSULATED SWITCHGEAR
TABLE 18 GAS-INSULATED SWITCHGEAR: CODES AND REGULATIONS
5.11 PATENT ANALYSIS
TABLE 19 SWITCHGEAR: INNOVATIONS AND PATENT REGISTRATIONS, MAY 2018–APRIL 2022
5.12 PORTER’S FIVE FORCES ANALYSIS
FIGURE 32 PORTER’S FIVE FORCES ANALYSIS FOR GAS-INSULATED SWITCHGEAR MARKET
TABLE 20 GAS-INSULATED SWITCHGEAR MARKET: PORTER’S FIVE FORCES ANALYSIS
5.12.1 THREAT OF SUBSTITUTES
5.12.2 BARGAINING POWER OF SUPPLIERS
5.12.3 BARGAINING POWER OF BUYERS
5.12.4 THREAT OF NEW ENTRANTS
5.12.5 INTENSITY OF COMPETITIVE RIVALRY
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 33 INFLUENCE OF KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 END USERS
TABLE 21 INFLUENCE OF KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 END USERS
5.14 BUYING CRITERIA
FIGURE 34 INFLUENCE OF KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 END USERS
TABLE 22 KEY BUYING CRITERIA FOR TOP 3 END USERS
5.15 CASE STUDY ANALYSIS
5.15.1 NORTHERN POWERGRID COMPANY DECIDED TO USE ABB SF6 FREE SWITCHGEAR FOR ITS ELECTRICAL NETWORK
5.15.1.1 Problem Statement: April 2022
5.15.1.2 Solution
5.15.2 NATIONAL GRID BEGINS JOURNEY TO SF6-FREE HV SUBSTATIONS FOR ITS SOUTHEAST ENGLAND NETWORK
5.15.2.1 Problem Statement: April 2021
5.15.2.2 Solution
6 GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION (Page No. - 98)
6.1 INTRODUCTION
FIGURE 35 GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2021
TABLE 23 GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2020–2027 (USD BILLION)
6.2 INDOOR
6.2.1 GROWING INDUSTRIAL AND COMMERCIAL SECTORS IN DEVELOPING COUNTRIES TO INCREASE DEMAND
TABLE 24 INDOOR: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION)
6.3 OUTDOOR
6.3.1 GROWING ELECTRICITY DEMAND LEADING TO INCREASING INVESTMENTS IN TRANSMISSION AND DISTRIBUTION NETWORKS TO DRIVE SEGMENT
TABLE 25 OUTDOOR: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION)
7 GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE (Page No. - 102)
7.1 INTRODUCTION
FIGURE 36 GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE, 2021
TABLE 26 GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE, 2020–2027 (USD BILLION)
7.2 SF6
7.2.1 HIGH DIELECTRIC PROPERTY AND LESS SPACE REQUIREMENT FOR INSTALLATION TO INCREASE DEMAND
TABLE 27 SF6: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION)
7.3 SF6 FREE
7.3.1 ENVIRONMENT-FRIENDLY PROPERTIES TO DRIVE DEMAND
TABLE 28 SF6 FREE: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION)
8 GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING (Page No. - 106)
8.1 INTRODUCTION
FIGURE 37 GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2021
TABLE 29 GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2020–2027 (USD BILLION)
8.2 UP TO 36 KV
8.2.1 GROWING INDUSTRIAL & COMMERCIAL SECTORS IN DEVELOPING COUNTRIES TO BOOST DEMAND
TABLE 30 UP TO 36 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION)
8.3 BETWEEN 37 KV AND 73 KV
8.3.1 GROWING URBANIZATION AND INVESTMENT IN TRANSMISSION NETWORKS TO DRIVE DEMAND
TABLE 31 GLOBAL URBAN POPULATION OVERVIEW, BY REGION—1950, 2021, AND 2050
TABLE 32 BETWEEN 37 KV AND 73 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION)
8.4 BETWEEN 74 KV AND 220 KV
8.4.1 INVESTMENTS IN ELECTRICAL TRANSMISSION NETWORKS TO DRIVE DEMAND
TABLE 33 BETWEEN 74 KV AND 220 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION)
8.5 ABOVE 220 KV
8.5.1 RAPID INCREASE IN ELECTRICITY DEMAND AND UPGRADE OF HIGH-VOLTAGE SUBSTATIONS TO DRIVE DEMAND
TABLE 34 ABOVE 220 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION)
9 GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION (Page No. - 112)
9.1 INTRODUCTION
FIGURE 38 GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION, 2021
TABLE 35 GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION, 2020–2027 (USD BILLION)
9.2 HYBRID
9.2.1 REDUCTION OF SUBSTATION FOOTPRINT BY 50% TO DRIVE MARKET
TABLE 36 HYBRID: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION)
9.3 ISOLATED PHASE
9.3.1 PREVENTION OF PHASE-TO-PHASE FAULTS TO FUEL MARKET
TABLE 37 ISOLATED PHASE: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION)
9.4 INTEGRATED THREE PHASE
9.4.1 INCREASING DEMAND FOR POWER IN INDUSTRIAL APPLICATIONS AND URBAN AREAS TO DRIVE MARKET
TABLE 38 INTEGRATED THREE PHASE: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION)
9.5 COMPACT GIS
9.5.1 LOW MAINTENANCE AND OPERATING COSTS DRIVE MARKET FOR COMPACT GIS
TABLE 39 COMPACT GIS: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION)
10 GAS-INSULATED SWITCHGEAR MARKET, BY END-USER (Page No. - 117)
10.1 INTRODUCTION
FIGURE 39 GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2021
TABLE 40 GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
10.2 POWER TRANSMISSION UTILITIES
10.2.1 EXPANDING POWER TRANSMISSION NETWORKS IN DEVELOPING COUNTRIES TO INCREASE DEMAND
TABLE 41 POWER TRANSMISSION UTILITIES: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION)
10.3 POWER DISTRIBUTION UTILITIES
10.3.1 GROWING URBANIZATION AND SPACE CONSTRAINTS IN URBAN AREAS TO DRIVE DEMAND
TABLE 42 POWER DISTRIBUTION UTILITIES: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION)
10.4 POWER GENERATION UTILITIES
10.4.1 GROWING POWER REQUIREMENTS TO SPUR DEMAND
TABLE 43 POWER GENERATION UTILITIES: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION)
10.5 RAILWAYS & METROS
10.5.1 GROWING INVESTMENT IN RAILWAYS TO PROMOTE DEMAND
TABLE 44 RAILWAYS & METROS: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION)
10.6 INDUSTRIES & OEM
10.6.1 GROWING INDUSTRIAL SECTOR TO BOOST DEMAND
TABLE 45 INDUSTRIES & OEM: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION)
10.7 COMMERCIAL
10.7.1 GROWING INFRASTRUCTURE AND ECONOMIES TO PROPEL DEMAND
TABLE 46 COMMERCIAL: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027(USD BILLION)
11 GAS-INSULATED SWITCHGEAR MARKET, BY REGION (Page No. - 125)
11.1 INTRODUCTION
FIGURE 40 GAS-INSULATED SWITCHGEAR MARKET SHARE, BY REGION, 2021 (%)
FIGURE 41 GAS-INSULATED SWITCHGEAR MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR FROM 2022 TO 2027
TABLE 47 GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION)
11.2 ASIA PACIFIC
FIGURE 42 SNAPSHOT: ASIA PACIFIC GAS-INSULATED SWITCHGEAR MARKET
11.2.1 BY INSTALLATION
TABLE 48 ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2020–2027 (USD BILLION)
11.2.2 BY INSULATION TYPE
TABLE 49 ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE, 2020–2027 (USD BILLION)
11.2.3 BY VOLTAGE RATING
TABLE 50 ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2020–2027 (USD BILLION)
11.2.4 BY CONFIGURATION
TABLE 51 ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION, 2020–2027 (USD BILLION)
11.2.5 BY END-USER
TABLE 52 ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.2.6 BY COUNTRY
TABLE 53 ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY COUNTRY, 2020–2027 (USD BILLION)
11.2.6.1 China
11.2.6.1.1 Investments in clean power generation to drive market
TABLE 54 CHINA: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.2.6.2 INDIA
11.2.6.2.1 Rising electrification initiatives in remote parts of India to drive demand for gas-insulated switchgear
TABLE 55 INDIA: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.2.6.3 Japan
11.2.6.3.1 Replacement of aging infrastructure to drive market
TABLE 56 JAPAN: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.2.6.4 South Korea
11.2.6.4.1 Interconnected complex grids to fuel market growth
TABLE 57 SOUTH KOREA: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.2.6.5 AUSTRALIA
11.2.6.5.1 Electrification of Australian railroad network to drive demand for gas-insulated switchgear
TABLE 58 AUSTRALIA: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.2.7 REST OF ASIA PACIFIC
TABLE 59 REST OF ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.3 EUROPE
FIGURE 43 SNAPSHOT: EUROPE GAS-INSULATED SWITCHGEAR MARKET
11.3.1 BY INSTALLATION
TABLE 60 EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2020–2027 (USD BILLION)
11.3.2 BY INSULATION TYPE
TABLE 61 EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE, 2020–2027 (USD BILLION)
11.3.3 BY VOLTAGE RATING
TABLE 62 EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2020–2027 (USD BILLION)
11.3.4 BY CONFIGURATION
TABLE 63 EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION, 2020–2027 (USD BILLION)
11.3.5 BY END-USER
TABLE 64 EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.3.6 BY COUNTRY
TABLE 65 EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY COUNTRY, 2020–2027 (USD BILLION)
11.3.6.1 Germany
11.3.6.1.1 Increasing focus on energy efficiency and grid expansion to drive market
TABLE 66 GERMANY: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.3.6.2 UK
11.3.6.2.1 Growing integration of renewables in electricity mix to drive market
TABLE 67 UK: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.3.6.3 Italy
11.3.6.3.1 Interconnection of grids to drive market demand
TABLE 68 ITALY: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.3.6.4 France
11.3.6.4.1 Growing focus on addition of renewable energy-based capacity to drive market
TABLE 69 FRANCE: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.3.6.5 Spain
11.3.6.5.1 Development of electricity transmission network to fuel demand for gas-insulated switchgear
TABLE 70 SPAIN: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.3.6.6 Rest of Europe
TABLE 71 REST OF EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.4 NORTH AMERICA
11.4.1 BY INSTALLATION
TABLE 72 NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2020–2027 (USD BILLION)
11.4.2 BY INSULATION TYPE
TABLE 73 NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE, 2020–2027 (USD BILLION)
11.4.3 BY VOLTAGE RATING
TABLE 74 NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2020–2027 (USD BILLION)
11.4.4 BY CONFIGURATION
TABLE 75 NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION, 2020–2027 (USD BILLION)
11.4.5 BY END-USER
TABLE 76 NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.4.6 BY COUNTRY
TABLE 77 NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY COUNTRY, 2020–2027 (USD BILLION)
11.4.6.1 US
11.4.6.1.1 Replacement of aging power infrastructure to drive market
TABLE 78 US: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.4.6.2 Canada
11.4.6.2.1 Requirement for low-emission power generation and growing investment in renewables to drive market
TABLE 79 CANADA: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.4.6.3 Mexico
11.4.6.3.1 Growing investment in strengthening electric power infrastructure to drive market
TABLE 80 MEXICO: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.5 SOUTH AMERICA
11.5.1 BY INSTALLATION
TABLE 81 SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2020–2027 (USD BILLION)
11.5.2 BY INSULATION TYPE
TABLE 82 SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE, 2020–2027 (USD BILLION)
11.5.3 BY VOLTAGE RATING
TABLE 83 SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2020–2027 (USD BILLION)
11.5.4 BY CONFIGURATION
TABLE 84 SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION, 2020–2027 (USD BILLION)
11.5.5 BY END-USER
TABLE 85 SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.5.6 BY COUNTRY
TABLE 86 SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY COUNTRY, 2020–2027 (USD BILLION)
11.5.6.1 Brazil
11.5.6.1.1 Increasing demand for power and growing electrification to drive market
TABLE 87 BRAZIL: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.5.6.2 Argentina
11.5.6.2.1 Rising power demand from industries and government initiatives toward utilizing renewable energy to drive market
TABLE 88 ARGENTINA: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.5.6.3 Rest of South America
TABLE 89 REST OF SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.6 MIDDLE EAST & AFRICA
11.6.1 BY INSTALLATION
TABLE 90 MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2020–2027 (USD BILLION)
11.6.2 BY INSULATION TYPE
TABLE 91 MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE, 2020–2027 (USD BILLION)
11.6.3 BY VOLTAGE RATING
TABLE 92 MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2020–2027 (USD BILLION)
11.6.4 BY CONFIGURATION
TABLE 93 MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION, 2020–2027 (USD BILLION)
11.6.5 BY END-USER
TABLE 94 MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.6.6 BY COUNTRY
TABLE 95 MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET, BY COUNTRY, 2020–2027 (USD BILLION)
11.6.6.1 Saudi Arabia
11.6.6.1.1 Growing investment in power generation projects to drive market
TABLE 96 SAUDI ARABIA: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.6.6.2 UAE
11.6.6.2.1 Growing construction sector to lead to increased demand for gas-insulated switchgear
TABLE 97 UAE: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.6.6.3 South Africa
11.6.6.3.1 Growing industrial and commercial sectors to drive market
TABLE 98 SOUTH AFRICA: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION)
11.6.6.4 Kuwait
11.6.6.4.1 Growing energy demand to drive market
TABLE 99 KUWAIT: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2020–2027 (USD BILLION)
11.6.6.5 Rest of Middle East & Africa
11.6.6.5.1 Growing investments in power sector to drive market
TABLE 100 REST OF MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET SIZE, BY END-USER, 2020–2027 (USD BILLION)
12 COMPETITIVE LANDSCAPE (Page No. - 170)
12.1 OVERVIEW
12.2 KEY PLAYER STRATEGIES
TABLE 101 OVERVIEW OF KEY STRATEGIES DEPLOYED BY TOP PLAYERS, APRIL 2019–APRIL 2022
12.3 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS
TABLE 102 GAS INSULATED SWITCHGEAR MARKET: DEGREE OF COMPETITION
FIGURE 44 GAS-INSULATED SWITCHGEAR MARKET SHARE ANALYSIS, 2021
12.4 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS
FIGURE 45 TOP PLAYERS IN GAS-INSULATED SWITCHGEAR MARKET, 2017–2021
12.5 COMPANY EVALUATION QUADRANT
12.5.1 STARS
12.5.2 PERVASIVE PLAYERS
12.5.3 EMERGING LEADERS
12.5.4 PARTICIPANTS
FIGURE 46 COMPETITIVE LEADERSHIP MAPPING: GAS-INSULATED SWITCHGEAR MARKET, 2021
12.6 START-UP/SME EVALUATION QUADRANT, 2021
12.6.1 PROGRESSIVE COMPANIES
12.6.2 RESPONSIVE COMPANIES
12.6.3 DYNAMIC COMPANIES
12.6.4 STARTING BLOCKS
FIGURE 47 GAS-INSULATED SWITCHGEAR MARKET: START-UP/SME EVALUATION QUADRANT, 2021
12.6.5 COMPETITIVE BENCHMARKING
TABLE 103 GAS-INSULATED SWITCHGEAR MARKET: DETAILED LIST OF KEY START-UPS/SMES
TABLE 104 GAS-INSULATED SWITCHGEAR MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS (START-UPS/SMES)
12.7 GAS-INSULATED SWITCHGEAR MARKET: COMPANY FOOTPRINT
TABLE 105 COMPANY FOOTPRINT: BY INSULATION TYPE
TABLE 106 COMPANY FOOTPRINT: BY VOLTAGE RATING
TABLE 107 COMPANY FOOTPRINT: BY INSTALLATION
TABLE 108 COMPANY FOOTPRINT: BY CONFIGURATION
TABLE 109 COMPANY FOOTPRINT: BY END USER
TABLE 110 BY REGION: COMPANY FOOTPRINT
TABLE 111 OVERALL COMPANY FOOTPRINT
12.8 COMPETITIVE SCENARIO
TABLE 112 GAS-INSULATED SWITCHGEAR MARKET: PRODUCT LAUNCHES, AUGUST 2020–MARCH 2022
TABLE 113 GAS-INSULATED SWITCHGEAR MARKET: DEALS, OCTOBER 2021–APRIL 2022
TABLE 114 GAS-INSULATED SWITCHGEAR MARKET: OTHER DEVELOPMENTS, APRIL 2019–APRIL 2022
13 COMPANY PROFILES (Page No. - 197)
13.1 INTRODUCTION
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
13.2 KEY PLAYERS
13.2.1 ABB
TABLE 115 ABB: BUSINESS OVERVIEW
FIGURE 48 ABB: COMPANY SNAPSHOT (2021)
TABLE 116 ABB: PRODUCTS OFFERED
TABLE 117 ABB: PRODUCT LAUNCHES
TABLE 118 ABB.: DEALS
TABLE 119 ABB: OTHERS
13.2.2 SCHNEIDER ELECTRIC
TABLE 120 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
FIGURE 49 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT (2021)
TABLE 121 SCHNEIDER ELECTRIC: PRODUCTS OFFERED
TABLE 122 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES
TABLE 123 SCHNEIDER ELECTRIC: OTHERS
13.2.3 GENERAL ELECTRIC
TABLE 124 GENERAL ELECTRIC: BUSINESS OVERVIEW
FIGURE 50 GENERAL ELECTRIC: COMPANY SNAPSHOT (2021)
TABLE 125 GENERAL ELECTRIC: PRODUCTS OFFERED
TABLE 126 GENERAL ELECTRIC: PRODUCT LAUNCHES
TABLE 127 GENERAL ELECTRIC: DEALS
TABLE 128 GENERAL ELECTRIC: OTHERS
13.2.4 SIEMENS
TABLE 129 SIEMENS: BUSINESS OVERVIEW
FIGURE 51 SIEMENS: COMPANY SNAPSHOT (2021)
TABLE 130 SIEMENS: PRODUCTS OFFERED
TABLE 131 SIEMENS: PRODUCT LAUNCHES
TABLE 132 SIEMENS: DEALS
TABLE 133 SIEMENS: OTHERS
13.2.5 EATON CORPORATION
TABLE 134 EATON CORPORATION: BUSINESS OVERVIEW
FIGURE 52 EATON CORPORATION: COMPANY SNAPSHOT (2021)
TABLE 135 EATON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 136 EATON CORPORATION: PRODUCT LAUNCHES
TABLE 137 EATON CORPORATION: DEALS
13.2.6 MITSUBISHI ELECTRIC
TABLE 138 MITSUBISHI ELECTRIC: BUSINESS OVERVIEW
FIGURE 53 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT (2021)
TABLE 139 MITSUBISHI ELECTRIC: PRODUCTS OFFERED
TABLE 140 MITSUBISHI ELECTRIC: PRODUCT LAUNCHES
13.2.7 HITACHI
TABLE 141 HITACHI: BUSINESS OVERVIEW
FIGURE 54 HITACHI: COMPANY SNAPSHOT (2021)
TABLE 142 HITACHI: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.2.8 HYUNDAI ELECTRIC
TABLE 143 HYUNDAI ELECTRIC: BUSINESS OVERVIEW
FIGURE 55 HYUNDAI ELECTRIC: COMPANY SNAPSHOT (2021)
TABLE 144 HYUNDAI ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.2.9 FUJI ELECTRIC
TABLE 145 FUJI ELECTRIC: BUSINESS OVERVIEW
FIGURE 56 FUJI ELECTRIC: COMPANY SNAPSHOT (2021)
TABLE 146 FUJI ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 147 FUJI ELECTRIC: DEALS
TABLE 148 FUJI ELECTRIC: OTHERS
13.2.10 CG POWER AND INDUSTRIAL SOLUTIONS
TABLE 149 CG POWER AND INDUSTRIAL SOLUTIONS: BUSINESS OVERVIEW
FIGURE 57 CG POWER AND INDUSTRIAL SOLUTIONS: COMPANY SNAPSHOT (2021)
TABLE 150 CG POWER AND INDUSTRIAL SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.2.11 NISSIN ELECTRIC
TABLE 151 NISSIN ELECTRIC: BUSINESS OVERVIEW
FIGURE 58 NISSIN ELECTRIC: COMPANY SNAPSHOT (2021)
TABLE 152 NISSIN ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 153 NISSIN ELECTRIC: OTHERS
13.2.12 MEIDENSHA CORPORATION
TABLE 154 MEIDENSHA CORPORATION: BUSINESS OVERVIEW
FIGURE 59 MEIDENSHA CORPORATION: COMPANY SNAPSHOT (2021)
TABLE 155 MEIDENSHA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.2.13 POWELL INDUSTRIES
TABLE 156 POWELL INDUSTRIES: BUSINESS OVERVIEW
FIGURE 60 POWELL: COMPANY SNAPSHOT (2021)
TABLE 157 POWELL INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 158 DEALS
13.2.14 HYOSUNG HEAVY INDUSTRIES
TABLE 159 HYOSUNG HEAVY INDUSTRIES: BUSINESS OVERVIEW
FIGURE 61 HYOSUNG HEAVY INDUSTRIES: COMPANY SNAPSHOT (2021)
TABLE 160 HYOSUNG HEAVY INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 161 HYOSUNG HEAVY INDUSTRIES: PRODUCT LAUNCHES
13.2.15 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION
TABLE 162 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY OVERVIEW
FIGURE 62 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY SNAPSHOT (2021)
TABLE 163 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 164 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: DEALS
TABLE 165 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: OTHERS
13.3 OTHER PLAYERS
13.3.1 LUCY ELECTRIC
13.3.2 ELEKTROBUDOWA
13.3.3 CHINT
13.3.4 SEL S.P.A.
13.3.5 ILJIN ELECTRIC
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
14 APPENDIX (Page No. - 265)
14.1 INSIGHTS FROM INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 CUSTOMIZATION OPTIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
This study involved major activities in estimating the current size of the gas insulated switchgear market. Comprehensive secondary research was done to collect information on the market, peer market, and parent market. The next step involved validating these findings, assumptions, and market sizing with industry experts across the value chain through primary research. The total market size was estimated through country-wise analysis. Then, the market breakdown and data triangulation were performed to estimate the market size of the segments and sub-segments.
Secondary Research
The secondary research involved using extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global gas insulated switchgear market. The other secondary sources comprised press releases and investor presentations of companies, whitepapers, certified publications, articles by recognized authors, manufacturers, associations, trade directories, and databases.
Primary Research
The gas insulated switchgear market comprises stakeholders, such as component manufacturers, product manufacturers/assemblers, service providers, distributors/end-users in the supply chain. Industrial end-users characterize the demand-side of this market. Moreover, the demand is also fueled by the growing transmission and distribution utilities demand. The supply side is characterized by rising demand for contracts from the industrial sector and mergers and acquisitions among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The bottom-up approach has been used to estimate and validate the gas insulated switchgear market size.
- In this approach, the gas insulated switchgear production statistics for each product type have been considered at a country and regional level.
- Extensive secondary and primary research has been carried out to understand the global market scenario for various types of switchgears.
- Several primary interviews have been conducted with key opinion leaders related to switchgear system development, including key OEMs and Tier I suppliers.
- Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been considered while calculating and forecasting the market size.
Global Switchgear Market Size: Bottom-Up Approach
To know about the assumptions considered for the study, Request for Free Sample Report
Data Triangulation
The overall market size is estimated using the market size estimation processes as explained above, followed by splitting of the market into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the gas insulated switchgear market ecosystem.
Report Objectives
- To define, describe, segment, and forecast the gas insulated switchgear market by installation, insulation type, voltage rating, configuration, and end-user
- To forecast the market size for five key regions: North America, South America, Europe, Asia Pacific, and Middle East and Africa, along with their key countries
- To provide comprehensive information about drivers, restraints, opportunities, and industry-specific challenges that affect the market growth
- To strategically analyze the subsegments with respect to individual growth trends, prospects, and contributions of each segment to the overall market size
- To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
- To strategically profile the key players and comprehensively analyze their market shares and core competencies
- To track and analyze competitive developments such as agreements, sales contracts, partnerships, new product launches, acquisitions, joint ventures, contracts, expansions, and investments in the gas insulated switchgear market
- This report covers the gas insulated switchgear market size in terms of value
Available Customization
With the given market data, MarketsandMarkets offers customizations based on the company’s specific needs. The following customization options are available for the report:
Product Analysis
- Product Matrix, which provides a detailed comparison of the product portfolio of each company
Company Information
- Detailed analyses and profiling of additional market players (up to 5)
Generating Response ...
Growth opportunities and latent adjacency in Gas Insulated Switchgear Market
How to purchase this report? for view and company development only