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Global Gas Insulated Switchgear Market By Insulation Type (SF6 & SF6 Free), By Installation (Indoor & Outdoor), By End-Users (Power Transmission Utility, Industries & OEM, and Commercial, Others), By Region, Forecast & Opportunities to 2026

The global gas insulated switchgear market accounted for a value of USD 14.2 in 2019 and is projected to register growth at a CAGR of 8.1% during forecast period.

COVID-19 has impacted the gas insulated switchgear market. The manufacturing industries have to halt its production activities due to lockdown. The supply is also disrupted due to travel restriction. The ongoing projects are halted and the completion of various projects are delayed which has impacted gas insulted switchgear market adversely. This market will recover after all the projects start post COVID-19.

Definition:

Gas insulated switchgear is metal enclosed switchgear which consists of high voltage and medium voltage components such as circuit breakers etc. It is more flexible and reliable. It is also called GIS and it can be safely operated in confined spaces.

Market Dynamics (Drivers/Opportunities):

The demand for power generation is increasing across various countries in the world. The urbanization and industrialization is increasing rapidly which increases demand for electricity across the globe. The people across the world are demanding uninterrupted power which increases demand for gas insulated switchgear. Thus, drives growth in gas insulated switchgear market during forecast period.

The gas-insulated switchgear is metal enclosed which makes it eco-friendly and more reliable. It is more flexible, convenient and low maintenance. It provides protection against external elements. This increases the demand for gas-insulated switchgear and drives growth in gas-insulated switchgear market during forecast period.

Market Insights, by Insulation Type

On the basis of insulation type, the gas insulated switchgear market is segmented into SF6 and SF6 Free. The SF6 segment is estimated to hold largest market share during forecast period. The gas insulated switchgear utilizes sulfur hexafluoride dielectric gas. The sulfur hexafluoride gas is also known as SF6. It uses SF6 at moderate pressure for phase-to-ground and phase-to-phase insulation. The SF6 is largely adopted across various end-users sue to its strong dielectric property. This drives growth in SF6 segment during forecast period.

Market Insights, by Installation

On the basis of installation, the gas insulated switchgear market is segmented into indoor and outdoor. The indoor segment is estimated to be the fastest growing segment during forecast period. The indoor gas insulated switchgear is made of metal-clad type. All live pats are completely enclosed in an earthed metal casing in this construction. It is widely used in medium-voltage applications. It is commonly adopted in commercial and industrial segment. it helps in power stability. The demand for uninterrupted power is increasing around the world and this drives growth in indoor gas insulated switchgear market during forecast period.

Market Insights, by End-Users

On the basis of end-users, the gas insulated switchgear market is segmented into power transmission utility, power generation utility, power distribution utility, commercial, industries & OEM  and railway & metros. The power transmission utility segmented is estimated to be the fastest growing market during forecast period. The demand for power generation is increasing because of growing population and rising urbanization. This increases the demand for transmission network around the world. The transmission network is expanding rapidly over the globe and this drives growth in power transmission utility market during forecast period.

Regional Insights

Asia-Pacific region is estimated to be the fastest growing segment during forecast period. The demand for uninterrupted power is increasing in various countries such as Japan, India and China in Asia-Pacific region. The aging electrical infrastructure is upgrading widely across the world which results in high power requirements. It also increases the number of substations in this region. This ultimately increases the demand for gas insulated switchgear and drives growth in this region during forecast period.

Key Companies & Market Share Insights

The key market players in gas-insulated switchgear market are ABB, Siemens, Schneider Electric, General Electric, Eaton Corporation, Mitsubishi Electric, Hitachi, Hyundai Electric & Energy Systems, Fuji Electric, Crompton Greaves power & industrial Solutions, Larsen & Turbo, Meidensha Corporation, Powell Industries, Hyosung, Chint and Toshiba.

Segments Covered in the Report

This report forecasts The Global Gas-Insulated Switchgear Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global gas-insulated switchgear market report on the basis of installation, insulation type and end-users.

Gas Insulated Switchgear Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Gas Insulated Switchgear Market, By Insulation Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • SF6
  • SF6 Free
  1. Gas Insulated Switchgear Market, By Installation, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Indoor
  • Outdoor
  1. Gas Insulated Switchgear Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Power Transmission Utility
  • Power Generation Utility
  • Power Distribution Utility
  • Commercial
  • Industries & OEM
  • Railway & Metros
  1. Gas Insulated Switchgear Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Insulation Type
    • By Installation
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Insulation Type
      • By Installation
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Insulation Type
        • By Installation
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Insulation Type
          • By Installation
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Insulation Type
            • By Installation
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Toshiba
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • ABB
    • Siemens
    • Schneider Electric
    • General Electric
    • Eaton Corporation
    • Mitsubishi Electric
    • Hitachi
    • Hyundai Electric & Energy Systems
    • Fuji Electric
    • Crompton Greaves Power & industrial Solutions
    • Larsen & Turbo
    • Meidensha Corporation
    • Powell Industries
    • Hyosung
    • Chint
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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