Gas Insulated Switchgear Market to see 10% CAGR to 2019 Says a New Report on Medium & High Voltage GIS

May 22, 2015, 03:30 ET from ReportsnReports

DALLAS, May 22, 2015 /PRNewswire/ --

The Global Gas Insulated Switchgear Market (GIS) 2015-2019 research report calculates market size by considering revenue generated from the medium voltage GIS (≤ 52 kV) and high voltage GIS (≥ 52 kV) product segments of the gas insulated switchgear market.

Complete report on gas insulated switchgear market spread across 75 pages, providing analysis of 5 major companies supported with 34 exhibits is now available at http://www.reportsnreports.com/reports/400743-global-gas-insulated-switchgear-gis-market-2015-2019.html .

Increased demand for energy is directly impacting the gas insulated switchgear market growth as this research indicates that world energy consumption was 598 quadrillion BTUs (British thermal units) in 2013, and this is expected to expand to 820 quadrillion BTUs in the next two decades. More than 85% of the increased demand for energy worldwide from 2010 to 2040 is expected to come from developing countries that register strong economic growth and have expanding populations. Companies are widely focusing on harnessing the renewable sources of energy, which can be used as substitutes for existing thermal energy and other hydrocarbon energy sources. This new gas insulated switchgear market report also emphasizes the unprecedented rise in demand for integration of solar and wind energy into the electrical grid system.

The report on global gas insulated switchgear market for 2015-2019 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. Technological advancement is one of the major market drivers discussed in this research. Harmful effects of SF6 is a huge challenge while replacing 100% SF6 to 80% N2 and 20% SF6 is a trend covered in this report.

Companies like ABB, Alstom, Hitachi, Schneider Electric, Siemens, Beikai Electric, Hitachi, Mitsubishi Electric and Toshiba are discussed in this gas insulated switchgear market report available for purchase at http://www.reportsnreports.com/Purchase.aspx?name=400743 .

SF6 is a gas used in GIS as insulation. The gas can escalate global warming and this has increased the need to replace the gas with an alternative medium. The n2/SF6 mixture acts as a good insulation medium even at low SF6 content. The dielectric strength of N2/SF6 is equivalent to pure SF6 at a moderate pressure increase. However, the arc quenching ability of N2/SF6 at current zero and current interruption performance is poor in this mixture. This mixture can be only used in high voltage equipment without switching to devices such as a gas-insulated line. According to this gas insulated switchgear market report, in recent years, air-insulated switchgear (AIS) has many limitations, which is why end-users are switching to gas-insulated switchgear (GIS). Most of the end-user companies operating in developing countries are shifting from AIS to GIS, which will drive the market during the forecast period.

On the same lines, another research titled Gas Insulated Switchgear (GIS) Market by Type (High & Medium), Sub-type (Primary & Secondary), End-User (Transmission & Distribution, Manufacturing & Processing, Infrastructure & Transportation and Power Generation) - Global Trends and Forecasts to 2019 says Asia-Pacific is the biggest market of GIS having a significant share of the total market size in 2013, and it is also among fastest growing market that also includes ROW, and GCC. The market value patterns of GIS and its various end-user markets are continuously showing an upward trend which is mainly due to the implementation of extra high voltage and ultra-high voltage transmission system. China is the leading country in the region in terms of market value of GIS, while the Indian market, despite being small in size in compare to the China, is expected to be a market with high potential.

Transmission & distribution, manufacturing & processing are the major end-user segments that contribute a major share in the GIS market.  The key factors driving the industry in different regions are the safety, reliability & substation security, longer life span, less space consumption and high capacity of power transmission offered by GIS. GIS manufacturers emphasizes on their R&D to minimize the cost of production, which may help them to get competitive edge in the market. The countries covered in the report are the China, Japan, India, South Korea, Saudi Arabia, U.A.E., Qatar, Bahrain, Russia, Germany, U.K. Italy, Spain, France, U.S., Mexico, Canada, and Brazil. It also includes the company profiling and competitive strategies adopted by various market players, including ABB Ltd. (Switzerland), Siemens A.G. (Germany), Alstom S.A. (France), Mitsubishi Electric Corporation (Japan), Schneider Electric SE (France), Hitachi Limited (Japan), and Hyundai Heavy Industries Co Limited  (South Korea), Fuji Electric Co. Ltd. (Japan), Toshiba Corporation (Japan), and Nissin Electric Co. Ltd. (Japan). Read more at http://www.reportsnreports.com/reports/300253-gas-insulated-switchgear-gis-market-by-type-high-medium-sub-type-primary-secondary-end-user-transmission-distribution-manufacturing-processing-infrastructure-transportation-and-power-generation-global-trends-and-forecasts-to-2019.html .

Explore more reports on the energy and power markets at http://www.reportsnreports.com/market-research/energy-and-power-supplies/ .

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