Gas Insulated Switchgear Market size for 2016 was valued over USD 14 billion and is forecast to grow over 8% CAGR by 2024

1
Gas Insulated Switchgear Market Price, Packaging
Trends, Industry Outlook Forecast 2017-2024
2
Global Market Scenario of Gas Insulated
Switchgear Industry

• The global gas insulated switchgear market is
  witnessing an exponential growth with the
  worldwide demand for electricity directly
  influencing the demand for high-voltage
  switchgears. Gas insulated switchgear (GIS)
  consists of disconnectors and circuit-breakers
  that are used to control, protect, and isolate
  electrical equipment. Shifting trends toward
  replacement of commonly used gases such as SF6
  and N2 with clean energy resources will encourage
  manufacturers to come up with new alternatives.
  ABB, for instance, has been developing
  alternatives for the predominantly used sulfur
  hexafluoride (SF6) with new gas mixture that has
  lowest environmental impact possible.
• SF6 is a man-made gas used in GIS due to its
  excellent electric insulation and arc
  interruption properties. ABB, however has
  achieved recent breakthrough by commissioning the
  first ever high and medium voltage pilot gas
  insulated switchgear bays with a new
  fluoroketone-based gas mixture which is
  eco-efficient. Such product upgradations and
  breakthroughs with the potential to reduce the
  greenhouse gas emission, will eventually provide
  a significant impetus to gas insulated switchgear
  industry size in the coming years.

3
Continue

• Rising investments and refurbishment programs
  toward replacement of aging electric grid network
  with efficient and light weight electrical
  equipment will draw lucrative avenues for gas
  insulated switchgear industry in the coming
  years.
• Reasons to Buy This Report
• 1. Gas Insulated Switchgear Market size
  share forecast by product application,
  2017-2024
• 2. Growth drivers, pitfalls industry
  challenges
• 3. Gas Insulated Switchgear Market growth
  opportunities emerging business models
• 4. Competitive benchmarking with market
  share analysis and company profiles
• As per the IEA (International Energy Agency), in
  2016, the global spending on electricity
  generation was around USD 420 billion and 70 of
  this total expenditure accounted for renewable
  energy mix. In 2016, global gas insulated
  switchgear market valuation was around USD 14
  billion, according to Global Market Insights,
  Inc. The industry analysts further project the
  market to exceed USD 29 billion in coming seven
  years, growing at a CAGR of 8 over 2017-2024.
• The application gamut of gas insulated switchgear
  market witnesses a huge growth potential with
  heavy opportunities in sectors ranging from power
  generation, to manufacturing, processing,
  transportation, to marine, mining, and oil gas
  industries.

4
For Customization as per your requirement please
click_at_ http//bit.ly/2wmLec4
Research Methodology
5

Latest Research Report On Gas Insulated
Switchgear Market_at_ http//bit.ly/2vbAPkM Reque
st Table of Contents of this report_at_
http//bit.ly/2hP2nrU For Customization in
this report click_at_ http//bit.ly/2wmLec4
6
Stay In Touch You can visit us at
www.gminsights.com
Thank You