South America Gas Insulated Switchgear for Renewable Market Research Report Forecast to 2030
Market Overview
The demand for gas-insulated switchgear for renewable is growing significantly in the South America market owing to growing investments in the renewable energy sector and the numerous advantages of gas-insulated switchgear for renewable. Gas-insulated high-voltage switchgear (GIS) is a compact metal encapsulated switchgear consisting of components such as circuit-breakers and disconnectors, which can be safely operated in confined spaces.
The gas insulated switchgear for renewable market is driven by factors such as growing investment in the renewable energy sector and numerous advantages of gas insulated switchgear. However, harsh environmental conditions are expected to restrain the market growth. Implementation of performance-based incentive schemes is expected to create growth opportunities for the market players.
The South America gas insulated switchgear for the renewable market is projected to register a 13.7% CAGR during the forecast period, 2021–2030. In 2020, the gas insulated switchgear for renewable market was dominated by Brazil with a 62.5% share, followed by Chile and Argentina with shares of 15.5% and 10.0%, respectively.
Market Segmentation
The South America gas insulated switchgear for renewable market has been segmented based on voltage, current, installation, insulation, application, and region. Based on voltage, the South America gas insulated switchgear for renewable market has been segmented into Up to 24kV and 24kV to 36kV.
Based on current, the South America gas insulated switchgear for renewable market has been segmented into 630A to 2000A, 2000A to 3150A, and Above 3150A.
Based on installation, the South America gas insulated switchgear for renewable market has been segmented indoor and outdoor.
Based on insulation, the South America gas insulated switchgear for renewable market has been segmented into SF6 and SF6-Free.
Based on application, the South America gas insulated switchgear for renewable market has been segmented into solar energy and wind energy.
Regional Analysis
After China, Brazil has the world's second-largest hydroelectric power plant. The Amazon River basin in the north has most of Brazil's hydropower resources, while the eastern coast region in the south is home to the majority of the country's people. The flexible and efficient natural gas-fired plant allows Brazil to strengthen its energy security while developing renewable energy resources such as solar and wind and compensating for hydro power's seasonal drop.
Major Players
Siemens, ABB Ltd., GE, and Eaton Corporation are some of the key players operating in the global market.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Companies Mentioned
Siemens
ABB Ltd.
GE
and Eaton Corporation
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