Gas-insulated Switchgear Market

Gas-insulated Switchgear Market by Voltage Rating, Insulation Type, Installation (Indoor, Outdoor), End User (Transmission Utility, Distribution Utility, Generation Utility, Railways & Metros, Industry & OEM), and Region - Global Forecast to 2025

Report Code: EP 2784 Jun, 2020, by marketsandmarkets.com

[197 Pages Report] The global gas-insulated switchgear market is projected to grow from USD 16.9 billion in 2020 to USD 26.5 billion by 2025, at a CAGR of 9.5%. The factors driving market growth are the growing investments in renewable energy and government initiatives to reduce carbon emissions along with the expansion of electrical grids due to the growing industrialization and urbanization.

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COVID-19 Impact

COVID-19 has unleashed a devastating blow to the global economy and the energy sector, disrupting supply chains while choking off demand. The COVID-19 pandemic has not only affected the healthcare sector worldwide but also impacted the global economy. It has had a substantial economic impact on various industrial sectors, such as manufacturing, power generation, renewables, nuclear, and oil & gas.

In August 2021, the US, Canada, and countries of Western Europe experienced relief from the pandemic. This progress was achieved by the continuous rollout of vaccines in these countries. Nevertheless, although vaccines have proved highly effective at preventing this severe disease in the West European countries, countries including the UK, Israel, and the US have been experiencing shortcomings in the ability of the vaccine to prevent infection from the new variants.

Driver: Growing investments in renewable energy and government initiatives in reducing carbon emissions

Since the early 2000s, renewable power generation has become significantly cheaper than diesel-fired generation, particularly in isolated areas with poor or even non-existent infrastructure. Due to this, there has been significant growth in the demand for distributed generation through renewable sources in the industrial and commercial sectors. According to the International Energy Agency (IEA), in 2018, the total electricity generated by renewable sources accounted for 25% of the global electricity generation. Also, renewables accounted for more than 48% of the world’s increase in electricity generation. A gas-insulated switchgear is suitable for renewable power systems and substations that require greater capacity and performance, which need large current-carrying and high short-circuit capacity. It also includes all the devices that ensure power system protection and regulate power supply. Gas-insulated switchgears clear faults in the system, thereby ensuring a reliable power supply.

Global concerns regarding increasing carbon emissions and subsequent measures to control these emissions through policy mandates are few factors driving the development of the renewable power sector in many nations. According to the IEA, in 2019, South Korea revealed its draft version of the 3rd Energy Basic Plan, which aims to increase its renewable energy to 35% in its power mix by 2040. Also, in India, in 2018, The Ministry of New and Renewable Energy (MNRE) adopted the National Wind–Solar Hybrid Policy. The policy’s objective is to provide a framework for the promotion of large grid-connected wind–solar PV hybrid systems for efficient utilization of transmission infrastructure and land. The policy is also aimed toward reducing the variability in renewable power generation and achieving better grid stability. According to the Center for Climate and Energy Solutions (C2ES), electricity generation through renewable sources will account for around 45% of the global electricity production, and most of the increase is expected from wind, solar, and hydropower.

Restraints: Stringent environmental & safety regulations along with high-cost equipment

A gas-insulated switchgear can be expensive as compared to an air-insulated switchgear with similar specifications. The procurement cost increases in terms of initial outlay (CAPEX), manufacturing process, and use of expensive components, such as transformers, switching elements, and a circuit breaker, which has to be operated inside an enclosure filled with dielectric gas. In North America, land is easily available and at a low cost. Air-insulated substations are common in these countries except in areas with space constraints, or in cities with a high land cost. Private players rely on air-insulated switchgears to prevent technical complicacy and minimize the cost incurred in installing substations for their facilities.

According to the Kyoto Protocol, SF6 is one of the most potent greenhouse gases (GHGs) with a global warming potential (GWP) of 23,000. It has been listed as an extremely harmful GHG by the Intergovernmental Panel on Climate Change (IPCC). Accordingly, the Kyoto Protocol stipulates the reduction of emissions. Currently, no nearest alternative could work as efficiently as SF6. Thus, high procurement costs, along with policies against SF6, are expected to hamper the growth of the gas-insulated switchgear sales.

Opportunities: Adoption of HVDC technology

The rising environmental concerns are prompting governments to invest in renewable energy-based power generation. Renewable power generation plants, including solar, wind (onshore and offshore), biomass, hydroelectric, and geothermal, are located in remote areas. To connect such remotely located power generation sources and minimize transmission losses, companies deploy HVDC systems. HVDC transmission is considered to be efficient for long-distance power transmissions. The integration of renewable power generation sources with HVDC transmission links is a growing trend in projects that are new or under development. These require constant and steady monitoring of the whole system to ensure minimum losses and protection against faults. HVDC converter stations require high-voltage gas-insulated switchgears for their efficient operation. The market, thus, presents an opportunity for the manufacturers of gas-insulated switchgears.

Challenges: Delays in grid expansion projects

Planning and designing equipment for a power supply network requires a massive amount of data. Factors such as government interventions, environmental clearances, and lengthy governmental approval procedures result in delays in the implementation of grid expansion projects. For instance, 2 key German transmission lines that were designed to transport power from the wind-rich north to the consumption centers in the south are now delayed by a year and will resume in 2026 instead of 2025. These delays extend the time taken to implement the grid expansion projects and increases the procurement time of gas-insulated switchgears. The delays in grid expansion projects make production planning very challenging for gas-insulated switchgear manufacturers, as most extra-high voltage switchgears are manufactured according to the personalized demands of the buyers.

By end user, power distribution utility segment is expected to be fastest growing during the forecast period

The market, by end user, has been segmented into Power Transmission Utility, Power Distribution Utility, Power Generation Utility, Railways & Metros, Industries & OEM, Commercial. The up to 36 kV segment is expected to be fastest growing segment of gas-insulated switchgear market, by voltage rating, during the forecast period.  Power distribution utilities have jurisdiction over the medium-voltage transmission and some parts of the sub-transmission voltage in the grid infrastructure. These utilities take care of the operation, maintenance, and installation of the grid infrastructure along with the realization of the consumed electricity and energy-efficient projects. According to the data published by the IEA, approximately USD 210 billion was invested in 2018 in the transmission system. The increasing population, along with growing urbanization, will spur investments for the addition and upgradation of distribution substations, which will consequently boost the demand for gas-insulated switchgears. At distribution voltages, space constraints are a major challenge in the expansion of the distribution grid infrastructure. This can be resolved by GIS substations, which reduce the space required for substations by approximately 70%. This would create new revenue pockets for gas-insulated switchgear manufacturers.

By insulation type, the SF6-free segment is expected to be fastest growing during the forecast period

The gas-insulated switchgear market, by insulation type, has been segmented into SF6, and SF6-free. The SF6-free segment is estimated to be fastest growing segment during the forecast period.

SF6 has been used as the standard gas inside high-voltage electrical equipment as an arc-quenching and insulating medium. SF6 is also listed by the Kyoto Protocol as an extremely potent greenhouse gas, with 23,500 times the comparative global warming potential of CO2 and has a lifetime of around 3,200 years in the atmosphere. Due to its environmental impact, SF6 is increasingly discussed by regulatory bodies. The EU F-gas regulations in 2006 and 2014 (in the framework of its F-Gas Regulation No. 517/2014) have strengthened restrictions over SF6 usage in the switchgear industry. Because of these regulations, manufacturers have been trying to find a potential replacement for it in power equipment for a long time. However, some companies, such as Siemens, ABB, and Schneider Electric, have developed an alternative. For instance, in August 2018, Siemens developed an SF6-free gas-insulated switchgear for the 170 kV voltage level that uses treated air, known as “Clean Air”, made up of nitrogen (80%) and oxygen (20%), as an alternative to SF6 as the insulating medium. Also, ABB developed AirPlus, a gas-insulated switchgear which uses a gas mixture with 99.99% lower global warming potential. Thus, in a scenario where concerns related to global warming are increasing along with stringent regulations toward SF6, these alternatives can prove to be one of the driving factors for the gas-insulated switchgear market.

By installation, the outdoor segment is expected to be the largest in gas-insulated switchgear market during the forecast period

The gas-insulated switchgear market, by installation, has been segmented into indoor and outdoor. The outdoor segment is estimated to be the largest segment during the forecast period.

Outdoor gas-insulated switchgears are designed to be installed in an open environment, unlike indoor gas-insulated switchgears. The outdoor gas-insulated switchgear is constructed in such a way that all the apparatus can be protected against harsh environmental conditions, including windstorms or sandstorms, which include possible contamination. Outdoor gas-insulated switchgears operate in high voltages in transmission and generation and are suitable for outdoor substation design. Investments in the transmission and distribution sector are growing as there is a rise in the demand for electricity due to growing urbanization. According to the United Nations, in 2018, 55% of the world’s population lived in urban areas; this percentage is projected to increase to 68% by 2050. Outdoor gas-insulated switchgears are employed in substations and switchyards where there are no space constraints for the installation of such substations outdoors. This enables the user to employ the solution at various offshore sites, thereby resulting in the high growth rate of outdoor gas-insulated switchgears. Outdoor gas-insulated switchgears are expected to have a larger share of the market than indoor types due to their vast implementation area. APAC presents promising opportunities for the outdoor-type gas-insulated switchgear market.

APAC is expected to be the fastest-growing gas-insulated switchgear market during the forecast period

Asia Pacific is expected to dominate the global gas-insulated switchgear market during the forecast period. Asia Pacific has the highest growth rate due to the presence of established economies, such as Japan and Australia, and developing economies, such as China and India, with China being one of the key global manufacturing hubs. The expansion of the transmission and distribution (T&D) network and industrialization projects in emerging countries such as India and China are some of the key factors responsible for the growth of the gas-insulated switchgear market. But due to COVID-19, there has been a drastic downfall in the economy of some of the major countries, such as India and China; this will have a negative impact on the gas-insulated switchgear market during the forecast period.

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Key market players

The major players in the global gas-insulated switchgear market include ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton Corporation (Ireland), and General Electric (US). In January 2017–March 2020, the companies in the gas-insulated switchgear market focused on Contracts & Agreements as a key strategy to increase their market share and regional presence. New Product Launches was the second most followed strategy by the leading industry players to achieve growth in the gas-insulated switchgear market.

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Scope of the Report

Report Metric

Details

Market size available for years

2018–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD)

Segments covered

Insulation Type, Installation, Voltage Rating, End User, and Region

Geographies covered

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies covered

ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton Corporation (Ireland), General Electric (US), Hitachi (Japan), Mitsubishi Electric (Japan), Fuji Electric (Japan), and Nissin Electric (Japan)

This research report categorizes the gas-insulated switchgear market by insulation type, installation, end user, voltage rating, and region.

By Insulation Type:

  • SF6
  • SF6-free

By Installation:

  • Indoor
  • Outdoor

By Voltage Rating:

  • Up to 36 kV
  • Between 36 kV and 72.5 kV
  • Between 72.5 kV and 220 kV
  • Above 220 kV

By End User:

  • Power Transmission Utility
  • Power Generation Utility
  • Power Distribution Utility
  • Railways & Metros
  • Industries & OEM
  • Commercial

By Region:

  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • South America

Recent Developments

  • In March 2020, ABB was awarded a contract by El Sewedy Electric T&D to deliver high-voltage gas-insulated switchgears along with shunt reactors to ensure reliable power supply.
  • In October 2019, ABB was awarded a contract by Svenska kraftnδt to supply 400-kV gas-insulated switchgear for the upgradation of the latter’s substation and extend the electricity transmission grid in the city of Stockholm.
  • In January 2020, Siemens acquired C&S Electric, one of India’s largest switchgear and power equipment companies, with its major operations in switchgear, busbar, and metering devices. The acquisition will help the company become one of the leading players in terms of switchgear production in India.
  • In November 2019, Siemens was awarded a contract by TransnetBW for the retrofit of a large substation as part of grid upgrades. Under the contract, Siemens is required to supply gas-insulated switchgear for the 380 kV Daxlanden substation in Karlsruhe.

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TABLE OF CONTENT
1INTRODUCTION (PAGE. 26)
1.1 Study Objectives
1.2 Definition
Table 1 Gas-insulated switchgear market, by insulation type: Inclusions & exclusions
1.2.1 market, by voltage rating: Inclusions & exclusions
Table 2 market, by voltage rating: Inclusions & exclusions
1.2.2market, by installation: Inclusions & exclusions
Table 3market, by voltage: Inclusions & exclusions
1.2.3market, by end user: Inclusions & exclusions
Table 4market, by end user: Inclusions & exclusions
1.3Market Scope
1.3.1Markets covered
1.3.2Regional scope
1.3.3Years considered
1.4Currency
1.5Limitations
1.6Stakeholders
1.7Summary of Changes
1.7.1Demand has not increased as expected
Figure 1MNM downgrades its forcast of market (2018–2025)
2 RESEARCH METHODOLOGY (PAGE. 32)
2.1Research Data
Figure 2market: Research design
2.1.1Secondary data
2.1.1.1Key data from secondary sources
2.1.2Primary data
2.1.2.1Key data from primary sources
2.1.2.2Breakdown of primaries
2.2Scope
Figure 3Main metrics considered in assessing demand for gas-insulated switchgears
2.3Market Size Estimation
2.3.1Demand-side analysis
2.3.1.1Assumptions
2.3.2Supply-side analysis
2.3.2.1Assumptions
2.3.2.2Calculation
Figure 4Supply-side analysis
Figure 5Main metrics considered in assessing supply for gas-insulated switchgears
Figure 6Ranking of key players & industry concentration, 2019
2.3.3Forecast
2.4Market Breakdown and Data Triangulation
Figure 7Data Triangulation methodology
2.5Primary Insights
Figure 8Key service providers’ points of view
3EXECUTIVE SUMMARY (PAGE. 42)
3.1Scenario Analysis
Figure 9Scenario analysis: Gas-insulated switchgear market, 2018–2025
Figure 10Scenario analysis: market,
Table 5market snapshot
Figure 12Outdoor gas-insulated switchgear, by installation, to dominate market during forecast period
Figure 13Above 220 kv, by voltage rating segment, to dominate market during forecast period
Figure 14Power transmission utility to hold largest market share, by end user, during forecast period
4PREMIUM INSIGHTS (PAGE. 48)
4.1Attractive Opportunities in the Gas-Insulated Switchgear Market
Figure 16Growing power requirements and upgradation of aging electrical infrastructure to drive market, 2020–2025
4.2Market (Value), By Region
4.3Market, By Insulation Type
4.4Market, By Installation
4.5Market, By Voltage Rating
4.6Market, By End User
5MARKET OVERVIEW (PAGE. 51)
5.1Introduction
5.2COVID-19 Health Assessment
Figure 22COVID-19 the global propagation
5.3Market Dynamics
Figure 23market: Drivers, restraints, opportunities, and challenges
5.3.1Drivers
5.3.1.1Growing investments in renewable energy and government initiatives in reducing carbon emissions
Table 6Renewable electricity generation targets by major countries
5.3.1.2Increasing developments in T&D and smart infrastructure
Figure 24Global T&D investments (2012–2018)
Figure 25Renewable energy investments, by scenario (2025–2030)
5.3.1.3Rising energy demand and limitation of space availability in densely populated urban areas
Table 7Global urban population overview, by region—1990, 2018, and 2030
5.3.1.4Surging government initiatives to improve electricity access in rural areas
5.3.2Restraints
5.3.2.1Competition from unorganized or fragmented switchgear markets
5.3.2.2Stringent environmental & safety regulations along with high-cost equipment
5.3.3Opportunities
5.3.3.1Development of an environmental-friendly alternative to SF6 gas
5.3.3.2Adoption of HVDC technology
5.3.4Challenges
5.3.4.1Delays in grid expansion projects
5.3.4.2COVID-19
6 SCENARIO ANALYSIS (PAGE. 59)
Figure 26Criteria impacting economy
6.1Optimistic Scenario
Table 8Optimistic scenario: market size, by region, 2018–2025 (USD Million)
6.2Realistic Scenario
Table 9Realistic scenario: market size, by region, 2018–2025 (USD Million)
6.3Pessimistic Scenario
Table 10Pessimistic scenario: market size, by region, 2018–2025 (USD Million)
7MARKET, BY INSTALLATION (PAGE. 62)
7.1Introduction
Figure 27market, by installation, 2019
Table 11market, by installation, 2018–2025 (USD Million)
7.2Indoor
7.2.1Growing industrial and commercial sector in developing countries to increase demand
Table 12Indoor: market, by region, 2018–2025 (USD Million)
7.3Outdoor
7.3.1Growing electricity demands leading to increasing investments in transmission and distribution network to drive demand
Table 13Outdoor: market, by region, 2018–2025 (USD Million)
8MARKET, BY INSULATION TYPE (PAGE. 66)
8.1Introduction
Figure 28market, by insulation type, 2019
Table 14market, by insulation type, 2018–2025 (USD Million)
8.2SF6
8.2.1High dielectric property and less space requirement for installation to increase demand
Table 15SF6: market, by region, 2018–2025 (USD Million)
8.3SF6-Free
8.3.1Environment-friendly properties to drive demand
Table 16SF6 free: market, by region, 2018–2025 (USD Million)
9MARKET, BY VOLTAGE RATING (PAGE. 70)
9.1Introduction
Figure 29market, by voltage rating, 2019
Table 17market, by voltage rating, 2018–2025 (USD Million)
9.2Up to 36 Kv
9.2.1Growing industrial & commercial sector in developing countries to boost demand
Table 18Up to 36 kv: market, by region, 2018–2025 (USD Million)
9.3Between 36 kv and 72.5 kv
9.3.1Growing urbanization and investments in transmission network to drive demand
Table 19Global urban population overview, by region—1990, 2018, and 2030
Table 20Between 36 kv and 72.5 kv: market, by region, 2018–2025 (USD Million)
9.4Between 72.5 kv and 220 kv
9.4.1Investments in electrical transmission network to drive demand
Table 21Between 72.5 kv and 220 kv: market, by region, 2018–2025 (USD Million)
9.5Above 220 kv
9.5.1Rapid increase in electricity demand and upgradation of high-voltage substations to drive demand
Table 22Above 220 kv: market, by region, 2018–2025 (USD Million)
10MARKET, BY END USER (PAGE. 76)
10.1Introduction
Figure 30market, by end user, 2019
Table 23market, by end user, 2018–2025 (USD Million)
10.2Power Transmission Utility
10.2.1Expanding power transmission network in developing countries to increase demand
Table 24Power transmission utility: market, by region, 2018–2025 (USD Million)
10.3Power Distribution Utility
10.3.1Growing urbanization and space constraints in urban areas to drive demand
Table 25Power distribution utility: market, by region, 2018–2025 (USD Million)
10.4Power Generation Utility
10.4.1Growing power requirements to spur demand
Table 26Power generation utility: market, by region, 2018–2025 (USD Million)
10.5Railways & Metros
10.5.1Growing investments in railways to promote demand
Table 27Railways & metros: market, by region, 2018–2025 (USD Million)
10.6Industries & OEM
10.6.1Growing industrial sector to boost demand
Table 28Industries & OEMS: market, by region, 2018–2025 (USD Million)
10.7Commercial
10.7.1Growing infrastructure and economies to propel demand
Table 29Commercial: market, by region, 2018–2025 (USD Million)
11MARKET, BY REGION (PAGE. 83)
11.1Introduction
Figure 31Regional snapshot: Asia Pacific and North America to grow at highest CAGR during forecast period (Value)
Figure 32market share (value), by region, 2019
11.1.1Impact of COVID-19 on global economy
Table 30Global: market size, 2018–2025 (USD Million)
Figure 33Global: COVID-19 Impact
11.1.2By region
Table 31Global: market size, by region, 2018–2025 (USD Million)
11.2Asia Pacific
Figure 34Asia pacific: Regional snapshot (2019)
11.2.1By voltage rating
Table 32Asia Pacific: market size, by voltage rating, 2018–2025 (USD Million)
11.2.2By end user
Table 33Asia Pacific: market size, by end user, 2018–2025 (USD Million)
11.2.3By insulation type
Table 34Asia Pacific: market size, by insulation type, 2018–2025 (USD Million)
11.2.4By installAtion
Table 35Asia Pacific: market size, by installation, 2018–2025 (USD Million)
11.2.5Impact of COVID-19 on Asia Pacific
Table 36Asia Pacific: market size, 2018–2025 (USD Million)
Figure 35Asia Pacific: COVID-19 impact
11.2.6By country
Table 37Asia Pacific: market size, by country, 2018–2025 (USD Million)
11.2.6.1China
11.2.6.1.1Increasing investments in T&D sector to drive market but COVID-19 to have negative impacts
Table 38China: market size, by voltage rating, 2018–2025 (USD Million)
Table 39China: market size, by end user, 2018–2025 (USD Million)
11.2.6.2India
11.2.6.2.1Rising power generation to drive market but COVID-19 lockdown to have negative impacts
Table 40India: market size, by voltage rating, 2018–2025 (USD Million)
Table 41India: market size, by end user, 2018–2025 (USD Million)
11.2.6.3Japan
11.2.6.3.1Growing infrastructure alongside growth in power substations to drive market
Table 42Japan: market size, by voltage rating, 2018–2025 (USD Million)
Table 43Japan: market size, by end user, 2018–2025 (USD Million)
11.2.6.4South Korea
11.2.6.4.1Government initiatives toward renewable power generation to increase demand
Table 44south korea: market size, by voltage rating, 2018–2025 (USD Million)
Table 45south korea: market size, by end user, 2018–2025 (USD Million)
11.2.6.5Australia
11.2.6.5.1Rapid industrialization with growing power requirements to boost demand
Table 46Australia: market size, by voltage rating, 2018–2025 (USD Million)
Table 47Australia: market size, by end user, 2018–2025 (USD Million)
11.2.6.6Indonesia
11.2.6.6.1Growing government initiatives toward renewable sources to boost demand
Table 48Indonesia: market size, by voltage rating, 2018–2025 (USD Million)
Table 49Indonesia: market size, by end user, 2018–2025 (USD Million)
11.2.6.7Singapore
11.2.6.7.1Growing consumption of electricity to enhance demand
Table 50Singapore: market size, by voltage rating, 2018–2025 (USD Million)
Table 51Singapore: market size, by end user, 2018–2025 (USD Million)
11.2.6.8Malaysia
11.2.6.8.1Rapid industrialization with growing economy to boost demand
Table 52Malaysia: market size, by voltage rating, 2018–2025 (USD Million)
Table 53Malaysia: market size, by end user, 2018–2025 (USD Million)
11.2.6.9Taiwan
11.2.6.9.1Government initiatives toward renewable power generation to increase demand
Table 54Taiwan: market size, by voltage rating, 2018–2025 (USD Million)
Table 55Taiwan: market size, by end user, 2018–2025 (USD Million)
11.2.6.10Thailand
11.2.6.10.1Growth in power generation to boost demand
Table 56Thailand: market size, by voltage rating, 2018–2025 (USD Million)
Table 57Thailand: market size, by end user, 2018–2025 (USD Million)
11.2.6.11Philippines
11.2.6.11.1Growing urbanization to spur demand
Table 58Philippines: market size, by voltage rating, 2018–2025 (USD Million)
Table 59Philippines: market size, by end user, 2018–2025 (USD Million)
11.2.6.12New Zealand
11.2.6.12.1Investments in renewable generation to stimulate demand
Table 60New Zealand: market size, by voltage rating, 2018–2025 (USD Million)
Table 61New Zealand: market size, by end user, 2018–2025 (USD Million)
11.3Europe
11.3.1By voltage rating
Table 62Europe: market size, by voltage rating, 2018–2025 (USD Million)
11.3.2By insulation
Table 63Europe: market size, by insulation type, 2018–2025 (USD Million)
11.3.3By installation
Table 64Europe: market size, by installation, 2018–2025 (USD Million)
11.3.4By end user
Table 65Europe: market size, by end user, 2018–2025 (USD Million)
11.3.5Impact of COVID-19 on Europe
Table 66Europe: market size, 2018–2025 (USD Million)
Figure 36Europe: COVID-19 Impact
11.3.6By country
Table 67Europe: market size, by country, 2018–2025 (USD Million)
11.3.6.1Germany
11.3.6.1.1Growing economy along with sustainable growth in renewable sector to boost market
Table 68Germany: market size, by voltage rating, 2018–2025 (USD Million)
Table 69Germany: market size, by end user, 2018–2025 (USD Million)
11.3.6.1.2CIS Countries
Table 70CIS countries: market size, by voltage rating, 2018–2025 (USD Million)
Table 71CIS countries: market size, by end user, 2018–2025 (USD Million)
11.3.6.2UK
11.3.6.2.1Increasing investments in renewables with high industrialization to drive market
Table 72UK: market size, by voltage rating, 2018–2025 (USD Million)
Table 73UK: market size, by end user, 2018–2025 (USD Million)
11.3.6.3France
11.3.6.3.1Growing renewable energy consumption to increase demand
Table 74France: market size, by voltage rating, 2018–2025 (USD Million)
Table 75France: market size, by end user, 2018–2025 (USD Million)
11.3.6.4Spain
11.3.6.4.1Upgradation of transmission system to boost demand
Table 76Spain: market size, by voltage rating, 2018–2025 (USD Million)
Table 77Spain: market size, by end user, 2018–2025 (USD Million)
11.3.6.5Italy
11.3.6.5.1Growing government initiatives toward renewable energy to stimulate demand
Table 78Italy: market size, by voltage rating, 2018–2025 (USD Million)
Table 79Italy: market size, by end user, 2018–2025 (USD Million)
11.3.6.6Norway
11.3.6.6.1Growing renewable energy consumption to increase demand
Table 80Norway: market size, by voltage rating, 2018–2025 (USD Million)
Table 81Norway: market size, by end user, 2018–2025 (USD Million)
11.3.6.7Sweden
11.3.6.7.1Increasing investments in renewable energy consumption to increase demand
Table 82Sweden: market size, by voltage rating, 2018–2025 (USD Million)
Table 83Sweden: market size, by end user, 2018–2025 (USD Million)
11.3.6.8Denmark
11.3.6.8.1Growing economy and use of renewable energy for power generation to raise demand
Table 84Denmark: market size, by voltage rating, 2018–2025 (USD Million)
Table 85Denmark: market size, by end user, 2018–2025 (USD Million)
11.3.6.9Rest of Europe
11.3.6.9.1Growth in infrastructure with increasing power generation to boost market
Table 86Rest of Europe: market size, by voltage rating, 2018–2025 (USD Million)
Table 87Rest of Europe: market size, by end user, 2018–2025 (USD Million)
11.4North America
Figure 37North America: Regional snapshot (2019)
11.4.1By voltage rating
Table 88North America: market size, by voltage rating, 2018–2025 (USD Million)
11.4.2By insulation
Table 89North America: market size, by insulation type, 2018–2025 (USD Million)
11.4.3By installation
Table 90North America: market size, by installation, 2018–2025 (USD Million)
11.4.4By end user
Table 91North America: market size, by end user, 2018–2025 (USD Million)
11.4.5Impact of COVID-19 on North America
Table 92North America: market size, 2018–2025 (USD Million)
Figure 38North America: COVID-19 impact
11.4.6By country
Table 93North America: market size, by country, 2018–2025 (USD Million)
11.4.6.1US
11.4.6.1.1Upgradation of existing power infrastructure to drive market but COVID-19 to have adverse effects
Table 94US: market size, by voltage rating, 2018–2025 (USD Million)
Table 95US: market size, by end user, 2018–2025 (USD Million)
11.4.6.2Canada
11.4.6.2.1Growing demand for replacement of aging electricity infrastructure to drive market
Table 96Canada: market size, by voltage rating, 2018–2025 (USD Million)
Table 97Canada: market size, by end user, 2018–2025 (USD Million)
11.4.6.3Mexico
11.4.6.3.1Investments in electric infrastructure to boost market
Table 98Mexico: market size, by voltage rating, 2018–2025 (USD Million)
Table 99Mexico: market size, by end user, 2018–2025 (USD Million)
11.5Middle East & Africa
11.5.1By voltage rating
Table 100Middle East & Africa: market size, by voltage rating, 2018–2025 (USD Million)
11.5.2By insulation type
Table 101Middle East & Africa: market size, by insulation type, 2018–2025 (USD Million)
11.5.3By installation
Table 102Middle East & Africa: market size, by installation, 2018–2025 (USD Million)
11.5.4By end user
Table 103Middle East & Africa: market size, by end user, 2018–2025 (USD Million)
11.5.5Impact of COVID-19 on Middle East & Africa
Table 104Middle East & Africa: market size, 2018–2025 (USD Million)
Figure 39Middle East & Africa: COVID-19 impact
11.5.6By country
Table 105Middle East & Africa: market size, by country, 2018–2025 (USD Million)
11.5.6.1Saudi Arabia
11.5.6.1.1Growing investments in power generation projects to increase demand
Table 106Saudi Arabia: market size, by voltage rating, 2018–2025 (USD Million)
Table 107Saudi Arabia: market size, by end user, 2018–2025 (USD Million)
11.5.6.2UAE
11.5.6.2.1Growing construction sector to increase demand
Table 108UAE: market size, by voltage rating, 2018–2025 (USD Million)
Table 109UAE: market size, by end user, 2018–2025 (USD Million)
11.5.6.3South Africa
11.5.6.3.1Growing industrial and commercial sectors to drive market
Table 110South Africa: market size, by voltage rating, 2018–2025 (USD Million)
Table 111South Africa: market size, by end user, 2018–2025 (USD Million)
11.5.6.4Kuwait
11.5.6.4.1Growing energy demand to drive market
Table 112Kuwait: market size, by voltage rating, 2018–2025 (USD Million)
Table 113Kuwait: market size, by end user, 2018–2025 (USD Million)
11.5.6.5Rest of Middle East & Africa
11.5.6.5.1Growing investments to develop power sector to drive market
Table 114Rest of Middle East & Africa: market size, by voltage rating, 2018–2025 (USD Million)
Table 115Rest of Middle East & Africa: market size, by end user, 2018–2025 (USD Million)
11.6South America
11.6.1Rising power generation capacity to drive market
11.6.2By voltage rating
Table 116South America: market size, by voltage rating, 2018–2025 (USD Million)
11.6.3By insulation type
Table 117South America: market size, by insulation type, 2018–2025 (USD Million)
11.6.4By installation
Table 118South America: market size, by installation, 2018–2025 (USD Million)
11.6.5By end user
Table 119South America: market size, by end user, 2018–2025 (USD Million)
11.6.6Impact of COVID-19 on South America
Table 120South America: market size, 2018–2025 (USD Million)
Figure 40South America: COVID-19 impact
11.6.7By country
Table 121South America: market size, by country, 2018–2025 (USD Million)
11.6.7.1Brazil
11.6.7.1.1Modernization of power infrastructure to drive market
Table 122Brazil: market size, by voltage rating, 2018–2025 (USD Million)
Table 123Brazil: market size, by end user, 2018–2025 (USD Million)
11.6.7.2Rest of South America
11.6.7.2.1Growing investments in renewables to drive market
Table 124Rest of South America: market size, by voltage rating, 2018–2025 (USD Million)
Table 125Rest of South America: market size, by end user, 2018–2025 (USD Million)
12COMPETITIVE LANDSCAPE (PAGE. 140)
12.1Overview
Figure 41Key developments in market, 2017–2019
12.2Competitive Leadership Mapping (Overall Market)
12.2.1Visionary leaders
12.2.2Innovators
12.2.3Dynamic differentiators
12.2.4Emerging companies
Figure 42Gas-insulated switchgear market: (Global) competitive leadership mapping, 2019
12.3Market Share, 2019
Figure 43ABB dominated market in 2019
12.4Competitive Scenario
12.4.1New product launches
12.4.2Mergers & acquisitions
12.4.3Contracts & agreements
12.4.4Investments & expansions
12.4.5Others
13COMPANY PROFILES (PAGE. 148)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, COVID-19 Impact, SWOT Analysis, MNM View)*
13.1ABB
Figure 44ABB: Company snapshot
Figure 45ABB: SWOT analysis
13.2SIEMENS
Figure 46SIEMENS: Company snapshot
Figure 47SIEMENS: SWOT analysis
13.3SCHNEIDER ELECTRIC
Figure 48SCHNEIDER ELECTRIC: Company snapshot
Figure 49SCHNEIDER ELECTRIC: SWOT analysis
13.4GENERAL ELECTRIC
Figure 50GENERAL ELECTRIC: Company snapshot
Figure 51GENERAL ELECTRIC: SWOT analysis
13.5EATON CORPORATION
Figure 52EATON CORPORATION: Company snapshot
Figure 53EATON CORPORATION: SWOT analysis
13.6MITSUBISHI ELECTRIC
Figure 54MITSUBISHI ELECTRIC: Company snapshot
13.7HITACHI
Figure 55HITACHI: Company snapshot
13.8HYUNDAI ELECTRIC & ENERGY SYSTEMS
Figure 56HYUNDAI ELECTRIC & ENERGY SYSTEMS: Company snapshot
13.9FUJI ELECTRIC
Figure 57FUJI ELECTRIC: Company snapshot
13.10CROMPTON GREAVES POWER AND INDUSTRIAL SOLUTIONS
Figure 58CROMPTON GREAVES POWER AND INDUSTRIAL SOLUTIONS: Company snapshot
13.11LARSEN & TOUBRO
Figure 59LARSEN & TOUBRO: Company snapshot
13.12NISSIN ELECTRIC
Figure 60NISSIN ELECTRIC: Company snapshot
13.13MEIDENSHA CORPORATION
Figure 61MEIDENSHA CORPORATION: Company snapshot
13.14POWELL INDUSTRIES
Figure 62POWELL INDUSTRIES: Company snapshot
13.15ELECKTROBUDOWA SA
Figure 63ELECKTROBUDOWA: Company snapshot
*Details on Business overview, Products/Solutions/Services Offered, Recent Developments, COVID-19 Impact, SWOT Analysis, MNM view might not be captured in case of unlisted companies.
13.16ILJIN ELECTRIC
13.17HYOSUNG
13.18CHINT
13.19TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION
13.20SEL S.P.A
14APPENDIX (PAGE. 196)
14.1Insights of Industry Experts
14.2Discussion Guide
14.3Knowledge Store: MarketsandMarkets’ Subscription Portal
14.4Available Customizations
14.5Related Reports
14.6Author Details

This study involved 4 major activities in estimating the current size of the gas-insulated switchgear market. Exhaustive secondary research was done to collect information on the market, the peer markets, and the parent markets. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through rigorous primary research. Both top-down and bottom-up approaches were used to estimate the total market size. The market breakdown and data triangulation techniques were employed to estimate the market size of the segments and the corresponding subsegments.

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases, such as UNCTAD data, industry publications, several newspaper articles, Statista Industry Journal, Factiva, and gas-insulated switchgear journals to identify and collect information useful for a technical, market-oriented, and commercial study of the gas-insulated switchgear market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research

The gas-insulated switchgear market comprises several stakeholders, such as technicians and repair personnel, companies in the switchgear industry, companies in the railway & metro industry, T&D utilities, government and research organizations, power generation plants, commercial sector, power & energy associations, and SF6 and other raw material producers.

The supply side is characterized by the increasing adoption of new product launches, contracts & agreements, and mergers & acquisitions among leading players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:

Adaptive Learning Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global gas-insulated switchgear market and its dependent submarkets. These methods were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and demand side have been identified through extensive secondary research, and their market shares in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed to estimate the size of the global gas-insulated switchgear market after COVID-19’s impact and arrive at the exact statistics for all segments and subsegments, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Report Objectives

  • To define, describe, and forecast the global market based on insulation type, installation, end user, voltage rating, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the market with respect to individual growth trends, prospects, and contributions of each segment to the market
  • To analyze the market opportunities for stakeholders and provide details of the competitive landscape for market leaders
  • To benchmark players within the market using the proprietary Vendor DIVE framework, which analyzes the market players on various parameters within the broad categories of business and product strategies
  • To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the gas-insulated switchgear market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the client’s specific needs. The following customization options are available for this report:

Product Analysis

  • Product Matrix, which provides a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players
Report Code
EP 2784
Published ON
Jun, 2020
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