HOME Research Insight Market Leaders - Gas Insulated Switchgear Market



Market Leaders - Gas Insulated Switchgear Market


The global gas insulated switchgear market is projected to grow at a CAGR of 9.4% from 2016 to 2021. Asia-Pacific is estimated to be the largest market for gas insulated switchgear, followed by Europe. This trend is expected to continue till 2021 for Asia-Pacific region. The growth of the gas insulated switchgear market is driven by compact design of the switchgear, higher efficiency, long serving life, and low maintenance.

The gas insulated switchgear market is dominated by global players. Some of the key players operating in the market are ABB Ltd. (Switzerland), Mitsubishi Corporation (Japan), General Electric (U.S.), Schneider Electric (France), and Siemens AG (Germany).

Key strategies adopted by the players in the gas insulated switchgear market include contracts & agreements, new product launches, expansions & investments, mergers & acquisitions, and joint ventures & collaborations. Contracts & agreements was the most commonly adopted strategy, constituting 71% of total developments from 2011 to 2016. Industry players also adopted new product launches, which was the second most widely followed strategy during the same period.

ABB Ltd. is one of the leading providers of power and automation technologies for utility and industrial customers worldwide, and adopted contracts & agreements as its key strategy to make the company more agile, strengthen customer focus, and expand in attractive markets through forged partnerships and ground-breaking technologies. For instance, in May 2016, the company was awarded a contract from SP Energy Networks (Scotland), to upgrade their 275-kilovolt (kV) Kilmarnock South substation in East Ayrshire (Scotland). This contract would enhance power capacity in southwest Scotland allowing new renewable energy connections. The contract was worth USD 17.0 Million. Hence, its performance is attributed to its ability to sign contracts for gas insulated switchgear, spanning a range of processes and applications for different industry verticals and power utilities.

General Electric manufactures products and services for generation, transmission & distribution, control, and utilization of electricity. General Electric’s gas insulated switchgear are a part of its energy management segment, which accounted for 6% of the company’s total net sales in 2015. Under this segment, the company also manufactures integrated electrical products and systems used to distribute, protect, and control energy and equipment. In October 2015, General Electric's (U.S.) subsidiary Alstom T&D (India) was awarded a contract by Odisha Power Transmission Corporation Limited (OPTCL), worth of USD 22.3 Million (€20.0 Million). The scope of supply of contract includes a 400/220 kV Air Insulated Substation (AIS) as well as Gas Insulated Substation (GIS) in Odisha. Along with AIS bays and necessary electrical equipment, this order will deliver five 220 kV bays, nine 132 kV bays, substation automation and control system as well as associated civil works.

Related Reports:

Gas Insulated Switchgear Market by Type (High & Medium), Sub-Type (Primary & Secondary), End-User (Transmission & Distribution, Manufacturing & Processing, Infrastructure & Transportation and Power Generation) & Region - Global Forecast to 2021

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