This strategic assessment report provides a comprehensive analysis that reflects today’s Gas Insulated Switchgear Market realities and future possibilities for the forecast period of 2021 to 2026.
Stratview Rese arch announces the launch of a new research report on the Gas Insulated Switchgear Market is Segmented by Type (High-Voltage Insulated Switchgear, Medium-Voltage Insulated Switchgear), by Voltage Type (Distribution Voltage, Sub-Transmission Voltage, High-Voltage Transmission, Extra High-Voltage Transmission, and Ultra-High Voltage Transmission), by Installation Type (Indoor Gas Insulated Switchgear, Outdoor Gas Insulated Switchgear, and Solid Bus Duct Connection & Cable Connection), by End-User Type (Power Transmission Utilities, Power Distribution Utilities, Power Generation Utilities, Infrastructure & Transportation, and Industries & OEMs), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The report calculates the short- and long-term ramifications of the COVID-19 pandemic on Gas Insulated Switchgear Market consumption at the global, regional, and nation scales. The report also compares pre-COVID and post-COVID scenarios to evaluate the potential loss to the industry. The vital data provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.
The report delivers a detailed view of the industry based Gas Insulated Switchgear Market size, market growth, and opportunities. The report also analyses market key aspects such as-
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Covid-19 Impact analysis.
- Market environment analysis: Growth drivers and constraints, and SWOT analysis.
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
Highlights from the Report
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.
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.
According to the report, the key players of the Gas Insulated Switchgear market are –
ABB Group, Siemens AG, Schneider Electric SE, Mitsubishi Electric Corporation, General Electric Company, Hitachi, Ltd., Hyundai Heavy Industries Co., Ltd., Fuji Electric Co., Ltd., Nissin Electric Co., Ltd., and Larsen & Toubro Ltd
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