Market Overview:
The global gas insulated power equipment market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electricity and rising investments in transmission and distribution infrastructure across the globe. In addition, growing concerns about grid security and safety are also fueling the demand for gas insulated power equipment. Based on type, the gas insulated power equipment market can be segmented into switchgear, gas insulated transmission lines, and other types of equipment. The switchgear segment is expected to account for the largest share of the market in 2018 owing to its widespread use in electrical substations across various industries. By application, HVDC (high-voltage direct current) accounted for a major share of the global gas insulated power equipment market in 2017 and is projected to grow at a high CAGR during forecast period due to increasing investments in long-distance transmission projects worldwide.
Product Definition:
Gas insulated power equipment is a type of electrical transformer that uses an inert gas as the insulation between the primary and secondary windings. This type of transformer is used in applications where high voltages and/or large currents are required. The use of an inert gas as insulation allows these transformers to operate at higher voltages and currents than would be possible with traditional transformers that use oil or air as insulation.
Switchgear:
Electricity generation from gas-based power plants is gaining importance owing to the shift in trend towards using non-conventional sources of energy. Switchgear, a key component used in these power plants, is expected to grow at a significant rate over the forecast period.
The growth factor for switchgear usage can be attributed to several factors such as growing demand for electricity along with rapid industrialization and urbanization leading to an increase in electricity consumption across all regions.
Gas Insulated Transmission lines:
Gas insulated transmission lines are used in gas insulated power equipment to transmit the gas at high pressure and temperature. They are made of insulating material such as silica, ceramic or fiberglass that is capable of withstanding the high temperatures and pressures along with being able to carry electricity effectively.
The basic structure consists of a main pipe (thickness ranging from 0.6mm-12mm) that is made up of suitable material, sealed at one end.
Application Insights:
Based on application, the global gas insulated power equipment market has been segmented into HVDC(High-Voltage Direct Current), HVAC(High-Voltage Alternating Current), and others. The HVDC segment held a major share in 2017. Increasing use of GISPE for providing reliable and safe transmission is expected to drive the demand for these products over the forecast period.
The growth of this application segment can be attributed to growing use of GISPE in long distance transmission owing to its ability to operate at high voltages with low losses, which makes it suitable for long distances between generating stations and load centers. In addition, increasing number of interconnection projects between various countries across Europe are expected to further augment product demand over the forecast period.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing industrial output, coupled with rising electricity consumption. Growing demand for gas insulated power equipment from China's massive industrial sector is projected to drive the Asia Pacific market over the forecast period.
Europe accounted for a significant share of revenue in 2017 owing to high product adoption rates across major end-use industries including HVAC, switchgear and others. North America also contributed significantly towards industry growth owing to growing investments by key players in this region towards research & development activities as well as new product launches aimed at catering to customer demands across various applications such as residential, commercial and industrial sectors.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Rapid urbanization and the consequent need for reliable, uninterrupted power supply in cities
- Stringent environmental regulations worldwide that promote the use of gas-insulated switchgear over conventional air-insulated switchgear
- The increasing popularity of microgrids, which require gas-insulated switchgear for their operation
- The growing demand for renewable energy sources such as solar and wind power, which necessitates the installation of high voltage transmission lines
Scope Of The Report
Report Attributes
Report Details
Report Title
Gas Insulated Power Equipment Market Research Report
By Type
Switchgear, Gas Insulated Transmission lines, Other
By Application
HVDC(High-Voltage Direct Current), HVAC(High-Voltage Alternating Current)
By Companies
ABB, Siemens AG, Crompton Greaves, Hyundai Electric & Energy System, Xi'an XD Switchgear Electric, Meidensha Corporation, Schneider Electric, Larsen & Toubro, ABB
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Gas Insulated Power Equipment Market Report Segments:
The global Gas Insulated Power Equipment market is segmented on the basis of:
Types
Switchgear, Gas Insulated Transmission lines, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
HVDC(High-Voltage Direct Current), HVAC(High-Voltage Alternating Current)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Siemens AG
- Crompton Greaves
- Hyundai Electric & Energy System
- Xi'an XD Switchgear Electric
- Meidensha Corporation
- Schneider Electric
- Larsen & Toubro
- ABB
Highlights of The Gas Insulated Power Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Switchgear
- Gas Insulated Transmission lines
- Other
- By Application:
- HVDC(High-Voltage Direct Current)
- HVAC(High-Voltage Alternating Current)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Gas Insulated Power Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Gas insulated power equipment (GIPE) is a type of electrical equipment that uses gas as the insulation medium. This technology allows for greater efficiency and lower emissions than traditional electric equipment.
Some of the major players in the gas insulated power equipment market are ABB, Siemens AG, Crompton Greaves, Hyundai Electric & Energy System, Xi'an XD Switchgear Electric, Meidensha Corporation, Schneider Electric, Larsen & Toubro, ABB.
The gas insulated power equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Gas Insulated Power Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Gas Insulated Power Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Gas Insulated Power Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Gas Insulated Power Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Gas Insulated Power Equipment Market Size & Forecast, 2018-2028
4.5.1 Gas Insulated Power Equipment Market Size and Y-o-Y Growth
4.5.2 Gas Insulated Power Equipment Market Absolute $ Opportunity
Chapter 5 Global Gas Insulated Power Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Gas Insulated Power Equipment Market Size Forecast by Type
5.2.1 Switchgear
5.2.2 Gas Insulated Transmission lines
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Gas Insulated Power Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Gas Insulated Power Equipment Market Size Forecast by Applications
6.2.1 HVDC(High-Voltage Direct Current)
6.2.2 HVAC(High-Voltage Alternating Current)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Gas Insulated Power Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Gas Insulated Power Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Gas Insulated Power Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Gas Insulated Power Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Gas Insulated Power Equipment Market Size Forecast by Type
9.6.1 Switchgear
9.6.2 Gas Insulated Transmission lines
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Gas Insulated Power Equipment Market Size Forecast by Applications
9.10.1 HVDC(High-Voltage Direct Current)
9.10.2 HVAC(High-Voltage Alternating Current)
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Gas Insulated Power Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Gas Insulated Power Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Gas Insulated Power Equipment Market Size Forecast by Type
10.6.1 Switchgear
10.6.2 Gas Insulated Transmission lines
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Gas Insulated Power Equipment Market Size Forecast by Applications
10.10.1 HVDC(High-Voltage Direct Current)
10.10.2 HVAC(High-Voltage Alternating Current)
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Gas Insulated Power Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Gas Insulated Power Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Gas Insulated Power Equipment Market Size Forecast by Type
11.6.1 Switchgear
11.6.2 Gas Insulated Transmission lines
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Gas Insulated Power Equipment Market Size Forecast by Applications
11.10.1 HVDC(High-Voltage Direct Current)
11.10.2 HVAC(High-Voltage Alternating Current)
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Gas Insulated Power Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Gas Insulated Power Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Gas Insulated Power Equipment Market Size Forecast by Type
12.6.1 Switchgear
12.6.2 Gas Insulated Transmission lines
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Gas Insulated Power Equipment Market Size Forecast by Applications
12.10.1 HVDC(High-Voltage Direct Current)
12.10.2 HVAC(High-Voltage Alternating Current)
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Gas Insulated Power Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Gas Insulated Power Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Gas Insulated Power Equipment Market Size Forecast by Type
13.6.1 Switchgear
13.6.2 Gas Insulated Transmission lines
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Gas Insulated Power Equipment Market Size Forecast by Applications
13.10.1 HVDC(High-Voltage Direct Current)
13.10.2 HVAC(High-Voltage Alternating Current)
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Gas Insulated Power Equipment Market: Competitive Dashboard
14.2 Global Gas Insulated Power Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens AG
14.3.3 Crompton Greaves
14.3.4 Hyundai Electric & Energy System
14.3.5 Xi'an XD Switchgear Electric
14.3.6 Meidensha Corporation
14.3.7 Schneider Electric
14.3.8 Larsen & Toubro
14.3.9 ABB
