ABB (Switzerland) and Schneider Electric (France) are leading players in Gas Insulated Switchgear Market
The global gas insulated switchgear market is expected to reach USD 31.3 billion by 2027 from an estimated USD 23.1 billion in 2022, at a CAGR of 6.3% from 2022 to 2027. The gas insulated switchgear has various applications in various voltage ratings. It is used in medium, high, and extra high voltage. GIS is a device enclosed in a metal enclosure and consists of different high voltage components. The major advantage of using gas insulated switchgear is that it requires less space and ease of maintenance which adds one more advantage to using GIS. These switchgears are compact in size, where all components can be brought together in an extremely restricted area by enclosing through the gas-tight metal area.
There are several voltage ratings with respect to different end users. A few major players have a wide regional presence and dominate the gas insulated switchgear market. The leading players in the gas insulated switchgear market include ABB (Switzerland), General Electric (US), Siemens (Germany), Schneider Electric (France), and Eaton (Ireland).
To know about the assumptions considered for the study download the pdf brochure
Product launches are among the key growth strategies adopted by leading companies such as ABB (Switzerland), General Electric (US), Siemens (Germany), Schneider Electric (France), and Eaton (Ireland) to boost their position in the gas insulated switchgear market. The leading companies in the gas insulated switchgear market focus on partnerships, sales contracts, agreements, product launches, acquisitions, contracts, joint ventures, expansions, and investments to increase their market shares and expand their geographic presence.
Schneider Electric is an energy management and automation solution provider and a leading digital transformation company. The company operates in two segments Energy Management and Industrial Automation. Gas insulated switchgears are offered in the energy management segment. The energy management segment leverages low voltage, medium voltage, and secure power that all share the same objective of managing efficiently and reliably the energy and have similar economic characteristics. The company holds expertise in power equipment offerings and operates its business through primary divisions, including medium voltage (infrastructure), low voltage (building), secure power (IT), and industrial automation (industry). Its low voltage segment offers products for residential and commercial buildings, industries, infrastructures, and data centers. The products include power monitoring devices, power meters, and circuit breakers. The product portfolio under the medium voltage (infrastructure) segment includes switchgear and their monitoring systems, power monitoring and control software, transformers, remote control systems, and medium voltage/low voltage substations. Schneider Electric focused on product launches and expansions for the gas insulated switchgears market. The company launched several products for this top position in the gas insulated switchgears market. Many product launches, such as RM AirSeT and SM AirSeT, incorporated next-generation technologies.
ABB is a technology leader in electrification products, power grids, industrial automation, and robotics for utilities, transport, and infrastructure industries. The company operates its business through four segments: Electrification Products, Robotics & Discrete Automation, Process Automation, and Motion. ABB provides gas-insulated switchgear under its Electrification Products business segment. Under the same segment, ABB also offers services, products, and connected solutions across the electricity value chain from the substation to global consumption. Some other products offered by the company under the Electrification Products segment are circuit breakers, switchgear, sensing devices, solar power solutions, and EV charging infrastructure. The Electrification Products segment accounted for a significant revenue share in 2021. ABB has been providing solutions to more than 100 countries worldwide and has more than 300 manufacturing facilities across the globe. ABB is focusing on the latest trends, such as IoT and AI; it has partnered with Samsung Electronics to develop technologies for energy savings, energy management, and the smart Internet of Things (IoT) connection.
Related Reports:
Gas Insulated Switchgear Market by Installation (Indoor, Outdoor), Insulation Type (SF6, SF6 free), Voltage Rating (Up to 36 kV, 37 to 73 kV, 74 to 220 kV, Above 220 kV), Configuration, End-User and Region - Global Forecast to 2027
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
