Press release
Gas Insulated Switchgear Market Analysis, Size, Regional Outlook, Competitive Strategies and Forecasts to 2024
The proliferation of technology across major end-use sectors across the globe has a major role to play in the growth of Gas Insulated Switchgear Market. Major firms have undertaken the tactics of technological innovations to steer the growth path of this industry toward a positive axis. For instance, in August 2015, ABB, a Swiss-Swedish multinational firm functioning in the areas of power, robotics, and automation, had developed the world’s first environment friendly gas mixture to be used across high & medium voltage GIS bays, which was expected to replace the toxic & hazardous SF₆ gas.
The global warming potential of the new eco-friendly gas is lesser than that of SF₆, which will substantially reduce the greenhouse emissions of gas insulated switchgears by 50%.
The initiative will also minimize the costs incurred due to phasing out old substations through their disengagement, which will lead to their upgradation and eventually provide a positive impetus to gas insulated switchgear market.
Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/830
Strict penalties imposed by the European Union on the industry giants such as Toshiba Corporation, Siemens AG, and Mitsubishi Electric Corporation can adversely impact the revenue of gas insulated switchgear industry. In January 2016, the European Union court defended the verdict of lower courts to impose fines totaling USD 148 million on both the Toshiba Corporation and Mitsubishi Electric Corporation for partnering to manufacture the gas insulated switchgears to be extensively used across various electric substations. Siemens AG was also fined EUR 397 million for merely being a part of the alliance, while ABB was lucky to evade the fine with just a warning from the jury.
The growing significance of gas insulated switchgears can be attributed to its high demand across energy generation, transmission & distribution, and infrastructure & transportation sectors. The product also finds wide applications across the residential, utility, and industrial sectors. Gas insulated switchgear industry size in the infrastructure & transportation sector is projected to experience an optimal growth over the coming years, subject to the rapid improvement in infrastructure facilities. Global Market Insights, Inc., forecasts that gas insulated switchgear industry will collect a revenue of over USD 29 billion by 2024, growing at a rate of more than 8% over 2017-2024.
Browse Report Summery @ https://www.gminsights.com/industry-analysis/hybrid-solar-wind-market
APAC gas insulated switchgear industry is expected to observe a massive expansion over the years ahead with high government funding to efficiently carry out transmission & distribution activities for producing sustainable power.
Countries across this region are focusing on the installation of more substations for high voltage power transmission and are promoting the use of green technologies, thereby boosting gas insulated switchgear market demand. For instance, in 2016, the Chinese government had declared to allocate funds worth USD 87.37 billion for constructing new ultra high voltage transmission lines for transmitting excess power supply to the distant regions and rural areas (including the hilly areas).
U.S. gas insulated switchgear industry, which accounted for more than 65% of North America gas insulated switchgear market size in 2016, is slated to witness a widespread expansion over the years to come.
Tremendous efforts made by the U.S. government to modernize the electrical infrastructure system are expected to result in successful outcome, thereby leading to large-scale business expansion. For instance, in 2017, the U.S. federal transit administration has declared to make investments worth USD 647 million in the Peninsula Corridor Electrification Undertaking across the region ranging from San Francisco to Tamien.
Partial Table of Contents (ToC) of the report:
Chapter 4. Gas Insulated Switchgear Market, By Capacity
4.1. Global market share by capacity, 2016 & 2024
4.2. 150 kV market revenue by region, 2013 – 2024
Chapter 5. Gas Insulated Switchgear Market, By Voltage Level
5.1. Global market share by voltage level, 2016 & 2024
5.2. Medium voltage
5.2.1. Medium voltage market, 2013 – 2024
5.2.2. Medium voltage market revenue by region, 2013 – 2024
5.2.3. Primary distribution
5.2.3.1. Primary distribution market, 2013 – 2024
5.2.3.2. Primary distribution market revenue by region, 2013 – 2024
5.2.4. Secondary distribution
5.2.4.1. Secondary distribution market, 2013 – 2024
5.2.4.2. Secondary market revenue by region, 2013 – 2024
5.3. High voltage
5.3.1. High voltage market, 2013 – 2024
5.3.2. High voltage market revenue by region, 2013 – 2024
Browse complete table of content of this report@ https://www.gminsights.com/toc/detail/gas-insulated-switchgear-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Global Market Insights, Inc.
4 North Main Street
Selbyville, Delaware 19975 USA
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
The global warming potential of the new eco-friendly gas is lesser than that of SF₆, which will substantially reduce the greenhouse emissions of gas insulated switchgears by 50%.
The initiative will also minimize the costs incurred due to phasing out old substations through their disengagement, which will lead to their upgradation and eventually provide a positive impetus to gas insulated switchgear market.
Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/830
Strict penalties imposed by the European Union on the industry giants such as Toshiba Corporation, Siemens AG, and Mitsubishi Electric Corporation can adversely impact the revenue of gas insulated switchgear industry. In January 2016, the European Union court defended the verdict of lower courts to impose fines totaling USD 148 million on both the Toshiba Corporation and Mitsubishi Electric Corporation for partnering to manufacture the gas insulated switchgears to be extensively used across various electric substations. Siemens AG was also fined EUR 397 million for merely being a part of the alliance, while ABB was lucky to evade the fine with just a warning from the jury.
The growing significance of gas insulated switchgears can be attributed to its high demand across energy generation, transmission & distribution, and infrastructure & transportation sectors. The product also finds wide applications across the residential, utility, and industrial sectors. Gas insulated switchgear industry size in the infrastructure & transportation sector is projected to experience an optimal growth over the coming years, subject to the rapid improvement in infrastructure facilities. Global Market Insights, Inc., forecasts that gas insulated switchgear industry will collect a revenue of over USD 29 billion by 2024, growing at a rate of more than 8% over 2017-2024.
Browse Report Summery @ https://www.gminsights.com/industry-analysis/hybrid-solar-wind-market
APAC gas insulated switchgear industry is expected to observe a massive expansion over the years ahead with high government funding to efficiently carry out transmission & distribution activities for producing sustainable power.
Countries across this region are focusing on the installation of more substations for high voltage power transmission and are promoting the use of green technologies, thereby boosting gas insulated switchgear market demand. For instance, in 2016, the Chinese government had declared to allocate funds worth USD 87.37 billion for constructing new ultra high voltage transmission lines for transmitting excess power supply to the distant regions and rural areas (including the hilly areas).
U.S. gas insulated switchgear industry, which accounted for more than 65% of North America gas insulated switchgear market size in 2016, is slated to witness a widespread expansion over the years to come.
Tremendous efforts made by the U.S. government to modernize the electrical infrastructure system are expected to result in successful outcome, thereby leading to large-scale business expansion. For instance, in 2017, the U.S. federal transit administration has declared to make investments worth USD 647 million in the Peninsula Corridor Electrification Undertaking across the region ranging from San Francisco to Tamien.
Partial Table of Contents (ToC) of the report:
Chapter 4. Gas Insulated Switchgear Market, By Capacity
4.1. Global market share by capacity, 2016 & 2024
4.2. 150 kV market revenue by region, 2013 – 2024
Chapter 5. Gas Insulated Switchgear Market, By Voltage Level
5.1. Global market share by voltage level, 2016 & 2024
5.2. Medium voltage
5.2.1. Medium voltage market, 2013 – 2024
5.2.2. Medium voltage market revenue by region, 2013 – 2024
5.2.3. Primary distribution
5.2.3.1. Primary distribution market, 2013 – 2024
5.2.3.2. Primary distribution market revenue by region, 2013 – 2024
5.2.4. Secondary distribution
5.2.4.1. Secondary distribution market, 2013 – 2024
5.2.4.2. Secondary market revenue by region, 2013 – 2024
5.3. High voltage
5.3.1. High voltage market, 2013 – 2024
5.3.2. High voltage market revenue by region, 2013 – 2024
Browse complete table of content of this report@ https://www.gminsights.com/toc/detail/gas-insulated-switchgear-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Global Market Insights, Inc.
4 North Main Street
Selbyville, Delaware 19975 USA
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
