Gas Insulated Switchgear Market report for 2017 – 2024 – companies, applications, products and more

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.

Purchase This Report by calling Global Market Insights, Inc. at 1-888-689-0688 (Toll Free) or 1-302-846-7766.

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.

Request for sample copy of this research report @https://www.gminsights.com/request-sample/detail/1929

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. 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.

Reasons to Buy This Report:

1. Gas Insulated Switchgear Market size & share forecast by product & application 2016-2024
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

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. The ongoing advancements, perpetually rising product innovation, and huge electrification projects have played a major role in the expansion statistics of gas insulated switchgear market.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1929

With massive electrification and oil & gas projects, U.S. is one of the prominent regions that has huge growth potential in the aforementioned application spectrum. In fact, U.S. accounted for a significant 65% of the North America gas insulated switchgear industry in 2016. Moreover, with the presence of leading industry players such as General Electrics Corp., U.S. gas

Siemens AG, Larsen & Toubro, Hitachi Limited, Alstom, Xi’an XD Switchgear Electric Company Limited, Hyundai Heavy Industries Company Limited, and Schneider Electric SE are some of the other major companies partaking in the global gas insulated switchgear industry space.

These products are metal encapsulated compact switchgear consisting of circuit-breakers and disconnector which is used to control, isolate and protect electrical equipment. It is suitable for congested areas including extensions, on roofs, in city buildings, on offshore platforms, hydro power plants and industrial plants. GIS commonly uses sulfur hexafluoride or mixture of SF6 and N2. ABB has introduced fluoroketone-based SF6 mixture of gas as an alternative to SF6 to avoid environmental impact.

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.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone:1-302-846-7766

Toll Free: 1-888-689-0688

Email: sales@gminsights.com

Web: https://www.gminsights.com/

Connect with us: Google+ | LinkedIn | Twitter | Facebook

An outlook on Tannin Market growth is presented in this latest research report that reviews industry growth drivers, trends, regional factors & companies as well as provides forecasts for next few years.