Gas Insulated Switchgear Market size for 2016 was valued over USD 14 billion and is forecast to grow over 8% CAGR by 2024.

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Gas Insulated Switchgear Market industry analysis
research and trends report for 2017-2024
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Global Market Scenario of Gas Insulated
Switchgear Market

• Expansion of existing power transmission
  distribution network coupled with shifting trend
  towards replacement of fossil fuels with clean
  energy resources will drive the gas insulated
  switchgear market size. In May 2017, Siemens
  received largest contract from the KAHRAMAA, a
  Qatar based general water electricity
  corporation for the expansion of country's power
  transmission network. The order includes
  designing, engineering, supply, installation, and
  commissioning of the substations for the 11 kV,
  66 kV, 132 kV, 220 kV, and 400 kV GIS.
• UK gas insulated switchgear market size is
  predicted to expand over 6 on account of
  integration of micro grid networks. In June 2015,
  ABB announced to supply GIS substations and other
  power infrastructure for the Rampion Offshore
  Wind Farm to efficiently integrate the new wind
  farm into transmission grid of UK. The 400 MW
  project will support to the countrys target of
  achieving 15 of the total energy production from
  renewable resources by 2020 and reducing

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Continue.....

• Extensive applications across electric utilities
  and industries including Oil Gas, marine, and
  mining will drive the medium voltage gas
  insulated switchgear market. Ongoing advancement
  of technology with continuous product innovation
  will further stimulate the product penetration.
  In August 2015, ABB introduced medium voltage
  products including GIS with an innovative concept
  for protection, measurement, control and digital
  communication.
• Compact size, light weight, high dielectric
  strength and arc-quenching property are some of
  the salient features which will fuel the gas
  insulated switchgear market growth. GIS
  installation requires 1/10th of the total space
  when compared with conventional products. In
  September 2016, ABB announced to supply compact
  GIS to Red Eléctrica de España, (REE) to support
  the electricity transmission infrastructure in
  Spain.
• The U.S. gas insulated switchgear market size
  will grow owing to rising investments toward
  upgradation and refurbishment of ageing
  electrical infrastructure along with government
  initiatives to improve the electricity delivery
  system in the country.

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Europe Gas Insulated Switchgear Market Size, By
Capacity, 2016 2024 (USD Billion)
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360 Analysis
Application Analysis Infrastructure and
transport applications is predicted to expand
over 8 by 2024. Excellent insulating property
coupled with high reliability index are some of
the key parameters which will drive the global
industry growth. As per the European Energy
Performance of Buildings Directive, all new
constructed buildings need to be nearly
zero-energy by 2020 Regional Analysis The U.S.
in 2016, accounted for over 65 of the North
America gas insulated switchgear market share.
Government initiatives toward upgradation and
replacement of aging electrical network will
stimulate the business growth. In 2017, the U.S.
Federal Transit Administration announced to
invest USD 647 million in the Peninsula Corridor
Electrification Project from San Francisco to
Tamien. Competitive Market Share Key
participants in the industry include ABB,
Toshiba, Siemens AG, Schneider Electric, General
Electric, Mitsubishi Electric, Larsen and Toubro,
CG Power and Industrial Solutions, Hyundai Heavy
Industries, Hitachi, Ormazabal, Fuji Electric,
Nissin electric, Chint Group, Xi'an XD Switchgear
Electric, Hyosung, Meidensha Corporation, and
Alstom.

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