Global Gas Insulated Enclosed Switchgear Market Growth 2023-2029

Global Gas Insulated Enclosed Switchgear Market Growth 2023-2029

The global Gas Insulated Enclosed Switchgear market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Gas Insulated Enclosed Switchgear is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Gas Insulated Enclosed Switchgear is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Gas Insulated Enclosed Switchgear is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Gas Insulated Enclosed Switchgear players cover ABB, Siemens AG, Schneider Electric SE, General Electric Company, Hitachi Ltd., Mitsubishi Electric Corporation, Toshiba Corporation, Fuji Electric Co., Ltd. and Hyundai Electric & Energy Systems Co., Ltd., etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

Gas insulated enclosed switchgear (GIS) is a type of power distribution equipment used in power transmission and distribution systems. It is a compact metal enclosed switchgear using SF6 (sulfur hexafluoride) gas as the insulation and arc extinguishing medium. The design purpose of GIS is to include the high-voltage components of the power distribution system in a sealed enclosure, thereby minimizing the risk of electric shock, fire, and explosion. The housing is made of metal, typically aluminum or stainless steel, and filled with high-pressure SF6 gas to provide insulation and arc extinguishing properties.

LPI (LP Information)' newest research report, the “Gas Insulated Enclosed Switchgear Industry Forecast” looks at past sales and reviews total world Gas Insulated Enclosed Switchgear sales in 2022, providing a comprehensive analysis by region and market sector of projected Gas Insulated Enclosed Switchgear sales for 2023 through 2029. With Gas Insulated Enclosed Switchgear sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Gas Insulated Enclosed Switchgear industry.

This Insight Report provides a comprehensive analysis of the global Gas Insulated Enclosed Switchgear landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Gas Insulated Enclosed Switchgear portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Gas Insulated Enclosed Switchgear market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Gas Insulated Enclosed Switchgear and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Gas Insulated Enclosed Switchgear.

This report presents a comprehensive overview, market shares, and growth opportunities of Gas Insulated Enclosed Switchgear market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Single Bus GIS
Double Busbar GIS

Segmentation by application
Rail Transit
Power Grid
Petroleum & Petrochemical
New Energy

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Siemens AG
Schneider Electric SE
General Electric Company
Hitachi Ltd.
Mitsubishi Electric Corporation
Toshiba Corporation
Fuji Electric Co., Ltd.
Hyundai Electric & Energy Systems Co., Ltd.
Chint Electric Co. Ltd.
Meidensha Corporation
TGOOD Global Ltd.
LSIS Co., Ltd.
Powell Industries Inc.
C&S Electric Limited
Xi'an XD Switchgear Electric Co., Ltd.
Hyosung Heavy Industries Corporation
Ormazabal Velatia

Key Questions Addressed in this Report

What is the 10-year outlook for the global Gas Insulated Enclosed Switchgear market?

What factors are driving Gas Insulated Enclosed Switchgear market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Gas Insulated Enclosed Switchgear market opportunities vary by end market size?

How does Gas Insulated Enclosed Switchgear break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.