Gas Insulated Switchgear Market Statistics Report 2022-2030

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Gas Insulated Switchgear Market 2022 Growth
Analysis Report 2030
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Industry Overview

• The rapid development of micro-grid networks will
  foster the gas insulated switchgear market
  trends, the report claims. With the
  implementation of strict emission norms and
  policies, alongside the large-scale deployment of
  renewables, energy infrastructure has expanded
  worldwide. These factors have resulted in the
  integration of sustainable grid networks to
  ensure grid supply security. The expansion of
  grid networks will, in turn, stimulate the
  installation of different types of gas-insulated
  switchgear.
• In terms of capacity, the report divides the
  industry into lt38 kV, gt38 kV to 72 kV, gt72 kV to
  150 kV, and gt150 kV segments. The gt72 kV to 150
  kV segment depicted a CAGR of more than 5 in
  2021. Product developers have been constantly
  emphasizing the incorporation of streamlined
  distribution and development platforms to suit
  critical product applications. The extension of
  reliable power distribution networks will
  facilitate the establishment of gas-insulated
  switchgear substations of up to gt72 kV to 150
  kV, the report claims.
• Based on voltage level, the market is segregated
  into high voltage and medium voltage. The medium
  voltage segment is further sub-segmented into
  primary distribution and secondary distribution.
  The secondary distribution segment is projected
  to depict over 7 CAGR through 2030. This is
  driven by the expansion of power infrastructure
  in suburban and urban areas, alongside the rising
  emphasis on operational reliability and grid
  safety. The integration of microgrid networks and
  the energy demand have increased substantially
  across commercial establishments, mainly from
  data and communication centers, contributing to
  segmental growth.

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With regards to application, the report
bifurcates the industry into power generation,
transmission and distribution, infrastructure and
transportation, manufacturing and processing, and
others. The power generation segment will account
for a major market share, given the strong demand
for high-voltage direct current transmission
networks across the industrial sector. According
to the report, investment in sustainable energy
networks has also been increasing. Additionally,
the growing adoption of safe and efficient
equipment in electric generation facilities to
cater to power demand will add impetus to
segmental expansion over the estimated timeline.
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