(MENAFN- Ameliorate Digital Consultancy)
A Gas Insulated Substation (GIS) consists of components where the live part of the high voltage potential is centered in an aluminum alloy tube and held in place by an epoxy insulator. The pipe is filled with insulating gas and has earth potential.
The latest study released on the Global gas insulated substation (gis) Market evaluates market size, trend, and forecast to 2029. The Gas Insulated Substation (GIS) market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
The Global Gas Insulated Substation (GIS) Market was valued at USD 21.84 billion in 2022 and is expected to grow at a CAGR of 6.4% during the forecast period.
Key Players in This Report Include: ABB, GE Grid Solutions, Siemens, Mitsubishi Electric, Toshiba, Fuji Electric, Hyundai, Eaton, Hyosung, Schneider Electric, Nissin Electric, Crompton Greaves, Xi'an XD High Voltage, NHVS, Shandong Taikai, Pinggao Electric, Sieyuan Electric, CHINT Group.
KEY INDUSTRY DEVELOPMENTS:
– In April 2021, Siemens has bagged a contract to deliver ten bays of sulfur hexafluoride(SF6) free gas-insulated switchgear to Finland's transmission system operator, Fingrid. The contract has the first GIS in Finland which replaces SF6 and has represented Siemens' largest order for SF6-free GIS in Europe.
– In May 2020, Hyundai Electric was awarded two contracts worth USD 28.6 million in Saudi Arabia. The contract involves the supply of power transformers and gas-insulated switchgear to state utility company Saudi Electricity Company (SEC) and oil company Saudi Aramco.
– On June 21, 2021, Toshiba Energy Systems and Solutions has collaborated with Meidensha Corporation for the joint development of gas-insulated switchgear using natural gas containing no sulfur hexafluoride(SF6). In addition, the company has decided to accelerate the development and commercialization of gas-insulated switchgear due to the increasing demand for environment-friendly products in the market.
– In July 2020, GE Grid Solutions' business has secured its first“green gas for grid” industrial order for gas-insulated switchgear bays from Germany's Evonik and UK's Omexom companies. The“green gas for grid” is GE's game-changing alternative to sulfur hexafluoride(SF6) with high performance and reliable products used in high voltage and switchgear bays.
Download Sample Report PDF (Including Full TOC, Table & Figures):
The Global Gas Insulated Substation (GIS) Market segments and Market Data Break Down are illuminated below:
Gas Insulated Substation (GIS) Market Segments by Type:
High Voltage
Ultra High Voltage
Gas Insulated Substation (GIS) Market Segments by Application:
Power Transmission and Distribution
Manufacturing and Processing
Others
Objectives of the Report
-To carefully analyze and forecast the size of the Gas Insulated Substation (GIS) market by value and volume.
-To estimate the market shares of major segments of the Gas Insulated Substation (GIS)
-To showcase the development of the Gas Insulated Substation (GIS) market in different parts of the world.
-To analyze and study micro-markets in terms of their contributions to the Gas Insulated Substation (GIS) market, their prospects, and individual growth trends.
-To offer precise and useful details about factors affecting the growth of the Gas Insulated Substation (GIS)
-To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Gas Insulated Substation (GIS) market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches .
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Browse Complete Summary and Table of Content :
Table of content:
Chapter 1: Gas Insulated Substation (GIS) Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Market Competition by key players
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Gas Insulated Substation (GIS) Market Forecast
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Having our reviews and subscribing to our report will help you solve the subsequent issues:
– Uncertainty about the Gas Insulated Substation (GIS) market future: Our research and insights help our customers predict the upcoming revenue pockets and growth areas.
– Understanding market sentiments: It is very important to have a fair understanding of market sentiment for your strategy. Our insights will help you see every single eye on Gas Insulated Substation (GIS) market sentiment. We maintain this analysis by working with key opinion leaders on the value chain of each industry we track.
– Understanding the most reliable investment center: Our research evaluates investment centers in the market, taking into account future demand, profits, and returns. Clients can focus on the most prestigious investment centers through Gas Insulated Substation (GIS) market research.
– Evaluating potential business partners: Our research and insights help our clients in identifying compatible business partners.
We offer customization on report based on customer's specific requirement:
– country-level analysis for the 5 countries of your choice.
– competitive analysis of 5 key market players.
– 40 free analyst hours to cover any other data point.
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