North American High Voltage Gas Insulated Switchgear (HV GIS) Market to 2024: Investment for Long-term Capacity Stabilizes Demand for HV Infrastructure

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Oct 25, 2018, 17:30 ET

DUBLIN, Oct. 25, 2018 /PRNewswire/ --

The "North American High Voltage Gas Insulated Switchgear (HV GIS) Market, Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

Sales for high - voltage switchgear have always been closely tied to infrastructure investment into high - voltage transmission systems to support expansion of power generation, such as from conventional as well as utility renewable resources. However, the demand lately has also been driven by the need to upgrade aging substation infrastructure, as well as from heavy industries and data centers. Several energy - intensive industrial applications such as data centers are increasingly procuring and operating their own substations and therefore are in need of high - voltage power equipment, including GIS.

However, the high cost of HV GIS equipment is among the top challenges faced by the industry. Any increase in prices of these systems will subsequently impact the demand for new switchgear equipment. High volatilities in raw material prices and trade tariffs (especially with most OEMs having their manufacturing facilities outside the US) contribute the most to restraining market growth. Further, refurbishment of old transmission and distribution (T&D) assets provides a cost - effective alternative to purchasing new equipment outright as it helps to defer the need to purchase new equipment by 10 - 15 years. However, OEMs are beginning to offer full refurbishment services that capatilize on the current market demand, thereby strategically hedging their revenue losses from the sales of new products.

GIS have several advantages over their air insulated (AIS) counterparts. But a couple of crucial advantages that have resulted in GIS dominating the market for high voltage applications are the space required for its construction and low levels of O&M costs. With growing levels of industrialization and urbanization, the need for space is a critical element in designing its installation. A typical GIS installation may take up to 90% less space than what an air insulated switchgear (AIS) will require.

Innovative design in GIS development has not only resulted in compact modular constructions, but also in the use of less environmentally harmful insulating gases without compromising on performance. SF6 - free insulating mediums in GIS will most likely account for a large share in the market beyond 2025 as global regulations to curb the impact of climate change will lead to further SF6 restrictions.

Key Issues Addressed:

What are the key drivers and restraints for the High Voltage (HV) Gas Insulated Switchgear (GIS) market in North America?
What are the trends in technology in the HV GIS market?
What is the current size of the North America HV GIS market and what are the forecasts to 2024?
What is the competitive landscape in the HV GIS market?
How is the market segmented by end-users?
What are the key growth opportunities for HV GIS providers in North America?

Key Topics Covered:

1. Executive Summary

Introduction
Key Findings
Market Engineering Measurements
CEO's Perspective

2. Market Overview - Total HV GIS Market

Product Scope and Market Definitions
Key Questions this Study will Answer
Market Distribution Channels

3. Drivers and Restraints - Total HV GIS Market

Market Drivers
Drivers Explained
Market Restraints
Restraints Explained

4. Forecasts and Trends - Total HV GIS Market

Forecast Assumptions
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion

5. Forecasts and Trends - The United States and Canada

Percent Revenue Forecast by Country
Revenue Forecast by Country
Revenue Forecast Discussion - The United States
Revenue Forecast Discussion - Canada

6. Forecasts and Trends - End - user Application

Revenue Forecast by End - user Application
End - user Application Forecast Discussion

7. Market Share and Competitive Analysis - Total HV GIS Market

Market Share
Market Share Analysis
Competitive Environment
Competitive Factors and Assessment
ABB
Siemens
Mitsubishi Electric
General Electric
Hitachi

8. Growth Opportunities and Companies to Action

Growth Opportunity 1 - SF6 Alternative Insulation
Growth Opportunity 2 - Smart Switchgear
Strategic Imperatives for Success

9. Transmission Segment Analysis

Transmission Segment Key Findings
Market Engineering Measurements - Transmission Segment
Transmission Segment Revenue Forecast
Transmission Segment Revenue Forecast Discussion

10. Sub - Transmission Segment Analysis

Sub - Transmission Segment Key Findings
Market Engineering Measurements - Sub - Transmission Segment
Sub - Transmission Segment Revenue Forecast
Sub - Transmission Segment Revenue Forecast Discussion

11. The Last Word

The Last Word - 3 Big Predictions
Legal Disclaimer

12. Appendix

Market Engineering Methodology
List of Companies in Others
List of Exhibits

For more information about this report visit https://www.researchandmarkets.com/research/77ptbg/north_american?w=5

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