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Gas Insulated Switchgear Market Expected to reach a market size of USD 25.95 billion by 2021, at a CAGR of 9.4% from 2016 to 2021

Press Release   •   Jun 06, 2017 03:16 GMT

"Gas Insulated Switchgear Market Expected to reach a market size of USD 25.95 billion by 2021, at a CAGR of 9.4% from 2016 to 2021" published in June 2017. It is a professional and in-depth study.

Summary

Market Research Report Storeannounces a new report"Gas Insulated Switchgear Market"added to its database.The gas insulated switchgear market is expected to reach a market size of USD 25.95 billion by 2021, at a CAGR of 9.4% from 2016 to 2021. Gas insulated switchgear are used to control, protect, and isolate electrical equipment in power systems. Investments in transmission & distribution infrastructure, infrastructure & transportation, and power generation sectors in GCC (Gulf Cooperation Council) countries is driving the demand of gas insulated switchgear in the region. Compact design of the switchgear, higher efficiency as compared to conventional switchgear, solid insulated switchgear, and air insulated switchgear, high serving life, and low maintenance is expected to drive the growth of the gas insulated switchgear market. High cost of equipment as compared to air insulated switchgear affects the revenue of established players.

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“Medium voltage gas insulated switchgear type is the fastest growing segment”

Medium voltage gas insulated switchgear is the fastest growing segment in the global gas insulated switchgear market in 2015. It continues to hold the highest position during the forecast period, due to rising demand for power distribution in urban areas that need compact and efficient solution such as medium voltage gas insulated switchgear at substations.

“GCC: The fastest growing region in the gas insulated switchgear market”

In GCC (Gulf Cooperation Council) countries, the fastest growth of the gas insulated switchgear market is attributed to the existing huge manufacturing and 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 and verify critical qualitative and quantitative information as well as to assess future market prospects.

The distribution of primary interviews is as follows:

By Company Type: Tier 1- 60%, Tier 2- 27%, Tier 3- 13%

By Designation: C-Level- 35%, D-Level- 25%, Others- 40%

By Region: North America- 40%, Europe- 19%, Asia-Pacific- 17%, GCC- 15%, Rest of the World- 9%

Table Of Contents

1 INTRODUCTION 17

1.1 OBJECTIVES OF THE STUDY 17

1.2 MARKET DEFINITION 17

1.3 MARKET SCOPE 18

1.3.1 MARKETS COVERED 18

1.3.2 YEARS CONSIDERED FOR THE STUDY 19

1.4 CURRENCY 19

1.5 LIMITATIONS 19

1.6 STAKEHOLDERS 20

2 RESEARCH METHODOLOGY 21

2.1 RESEARCH DATA 21

2.1.1.1 Secondary Data 22

2.1.1.2 Key Data from Secondary Sources 22

2.1.2 PRIMARY DATA 22

2.1.2.1 Key data from primary sources 22

2.1.2.2 Key industry insights 24

2.1.2.3 Breakdown of Primaries 24

2.2 MARKET SIZE ESTIMATION 25

2.2.1 BOTTOM-UP APPROACH 25

2.2.2 TOP-DOWN APPROACH 26

2.3 DATA TRIANGULATION 27

2.4 RESEARCH ASSUMPTIONS 28

2.4.1 ASSUMPTIONS 28

3 EXECUTIVE SUMMARY 29

3.1 HISTORICAL BACKDROP 29

3.2 CURRENT SCENARIO 29

3.3 FUTURE OUTLOOK 31

3.4 CONCLUSION 34

4 PREMIUM INSIGHTS 35

4.1 GAS INSULATED SWITCHGEAR MARKET, BY TYPE 36

4.2 GAS INSULATED SWITCHGEAR MARKET, BY END-USER 36

4.3 ASIA-PACIFIC: THE LARGEST MARKET DURING THE FORECAST PERIOD 37

4.4 GAS INSULATED SWITCHGEAR, BY VOLTAGE RANGE 38

5 MARKET OVERVIEW 39

5.1 INTRODUCTION 40

5.2 GAS INSULATED SWITCHGEAR: MARKET SEGMENTATION 40

5.3 MARKET DYNAMICS 41

5.3.1 DRIVERS 41

5.3.1.1 Compact design of the switchgear 41

5.3.1.2 Higher efficiency as compared to conventional switchgear/AIS 42

5.3.1.3 Long service life 43

5.3.1.4 Low maintenance 43

5.3.2 RESTRAINTS 43

5.3.2.1 High cost of equipment as compared to AIS 43

5.3.3 OPPORTUNITIES 43

5.3.3.1 Development of an environment-friendly alternative to SF6 gas 43

5.3.3.2 Rising energy demand and limitations of space availability in densely populated urban areas 43

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Market Research Report Store

About Market Research Report Store

Market Research Report Store is one of the most fast-growing and professional online platforms for industry reports, market reports, and professional surveys. Our collection covers more than 100 global markets. We have cooperated with leading publishers and consultant companies to offer the best market intelligence products to our clients with instant access to our database.

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