Gas Insulated Switchgear Market Size to experience an impressive growth of 8.9%
Gas Insulated Switchgear Market is likely to
witness an impressive CAGR of 8.9% during the forecast period. Growth in
renewable power generation, rise in energy demand, increasing investments
towards transmission & distribution infrastructure, and government
initiatives across the globe towards improving electricity access are the major
factors that are driving the global gas insulated switchgear market.
Click here to get a Free Sample of the report (with
additional insights):
https://www.stratviewresearch.com/Request-Sample/763/gas-insulated-switchgear-market.html
Or
Read
the summary of the report here:
https://www.stratviewresearch.com/763/gas-insulated-switchgear-market.html
Gas Insulated Switchgear Market Insights:
By Type:
Based on the type, the market is segmented
as high-voltage insulated switchgear and medium-voltage insulated switchgear.
The medium-voltage insulated switchgear segment is expected to witness a higher
growth during the forecast period. Rapid improvement in the power distribution
sector owing to implementation of smart grid and smart metering technology
along with the growing penetration of gas insulated switchgear are the major
factors driving the growth of medium-voltage insulated switchgear.
By Voltage Type:
Based on the voltage type, the market is
segmented as distribution voltage, sub-transmission voltage, high-voltage
transmission, extra-high voltage transmission, and ultra-high voltage
transmission. The extra high-voltage transmission segment is expected to
witness the highest growth during the forecast period. Technical superiority of
gas insulated switchgear over air and vacuum switchgear is the prime driver
behind the high growth of the extra high-voltage transmission segment.
By End-User Type:
Based on the end-user type, the market is
segmented as power transmission utilities, power distribution utilities, power
generation utilities, infrastructure & transportation, and industries &
OEMs. The power distribution utilities segment is expected to witness the
highest growth in the coming five years. Rapid urbanization in developing
economies and government initiatives towards expansion of electricity in rural
areas are the major factors towards the high growth of the power distribution
utilities segment.
By Region:
In terms of regions, Asia-Pacific is
expected to witness the highest growth in the gas insulated switchgear market
during the forecast period. China South Korea, Japan, and India are the growth
engines of the region. The market is driven by growing power consumption, government
initiatives towards energy efficiency, and upgradation of aging utility
infrastructure in the region. North America and Europe are also expected to
offer substantial growth opportunities in the gas insulated switchgear market
during the forecast period.
Click below to run through the detailed ToC of the report:
https://www.stratviewresearch.com/toc/763/gas-insulated-switchgear-market.html
Features of the Report
This report offers high-quality insights and is
the outcome of detailed research methodology comprising extensive secondary
research, rigorous primary interviews with industry stakeholders and validation
and triangulation with Stratview Research’s internal database and statistical
tools.
Based on the research, a proper report is crafted
with the following key features:
·
Market structure: Overview, industry life cycle
analysis, supply chain analysis
·
Market environment analysis: Growth drivers and
constraints, Porter’s five forces analysis, SWOT analysis
·
Market trend and forecast analysis
·
Market segment trend and forecast
·
Competitive landscape and dynamics: Market share,
product portfolio, product launches, etc.
·
Attractive market segments and associated growth
opportunities
·
Emerging trends
·
Strategic growth opportunities for the existing and
new players
·
Key success factors
Click here for other high value market reports from Stratview Research in the Construction & Equipment Industry: https://www.stratviewresearch.com/market-reports/Construction-Equipment.html
About Stratview Research
Stratview Research is a global market intelligence firm
providing wide range of services including syndicated market reports, custom
research and sourcing intelligence across industries, such as Advanced
Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer
Goods, Construction & Equipment, Electronics and Semiconductors, Energy
& Utility, Healthcare & Life Sciences, and Oil & Gas.
We have a strong team of industry veterans and analysts with an
extensive experience in executing custom research projects for mid-sized to
Fortune 500 companies, in the areas of Market Assessment, Opportunity
Screening, Competitive Intelligence, Due Diligence, Target Screening, Market
Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high
quality research and strategic insights that help companies worldwide in
effective decision making.
For enquiries,
Contact:
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176