Pune, India, Jan. 28, 2022 (GLOBE NEWSWIRE) — The global Gas Insulated Switchgear Market size is projected to reach USD 36.60 billion by 2026 on account of the increasing demand for energy worldwide. Gas insulated switchgear is a substation with high voltage wherein major electrical equipment is placed in a sealed environment with an insulating medium, i.e., sulfur hexafluoride gas or SF6. All electrical switching equipment such as busbars, earth switches, isolators, circuit breakers, and others are completely enclosed inside modules filled with the SF6 gas. A recently published report by Fortune Business Insights™ titled, “Gas Insulated Switchgear Market Size, Share and Industry Analysis, By Voltage (Up to 66 kV, 66 kV – 170 kV, 170 kV – 550 kV, and Above 550 kV), By Installation (Indoor and Outdoor), By End User (Utility, Industrial, Commercial, and Others), and Regional Forecast, 2019-2026.” offers a comprehensive overview of the market and its prime growth trajectories. According to this report, the market value stood at USD 21.13 billion in 2018 and will rise at a CAGR of 7.2% during the forecast period, 2019 to 2026.
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Companies Profiled in Gas Insulated Switchgear Market Are:
- Fuji Electric
- Mitsubishi Electric Corporation
- Hitachi, Ltd.
- Nissin Electric Co Ltd
- Meidensha Corporation
- CHEM Group
- Schneider Electric
- Hyundai Electric & Energy Systems Co., Ltd.
- Toshiba International Corporation
- Larsen & Toubro
- Bharat Heavy Electricals Limited
- Other Players
What is the Scope of the Report?
The Gas Insulated Switchgear Market report offers a 360-degree overview of the market and factors promoting and demoting growth, accompanied by challenges and upcoming opportunities. It discusses the competitive landscape of the market, a list of players operating in the market, and the key strategies adopted by them, to reach for the top position during the forecast period. Besides this, the report throws light on significant industry developments, current market trends of gas-insulated switchgear, and other interesting insights into the market. Furthermore, the report Is available for sale on the company website.
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