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Gas Insulated Switchgear Market size for 2016 was valued over USD 14 billion and is forecast to grow over 8% CAGR by 202

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.

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Gas Insulated Switchgear Market size for 2016 was valued over USD 14 billion and is forecast to grow over 8% CAGR by 202

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  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.

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  5. Latest Research Report On Gas Insulated Switchgear Market@ http://bit.ly/2vbAPkM Request Table of Contents of this report@ http://bit.ly/2hP2nrU For Customization in this report click@ http://bit.ly/2wmLec4

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