Market Overview:
The global LV and MV gas insulated switchgear 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, rising investments in transmission and distribution infrastructure, and growing concerns about energy security. The primary gas insulated switchgear segment is expected to account for the majority of the market share during the forecast period. This can be attributed to its high reliability, low maintenance requirements, and ability to withstand harsh environmental conditions. Asia Pacific is expected to be the fastest-growing region during the forecast period owing to rapid industrialization and urbanization in countries such as China and India.
Product Definition:
LV and MV Gas Insulated Switchgears are important for high voltage transmission. They prevent accidental contact with live parts, arc flash, and other dangers associated with electricity.
Primary Gas Insulated Switchgear:
Primary gas insulated switchgear (PGIS) is a type of switchgear that uses pure oxygen or other gases as insulation. PGIS was developed to overcome the limitations of GIS, which were exposed during World War II. The development of GGS and subsequent commercialization has led to the growth in demand for PGIS across several industries globally.
Secondary Gas Insulated Switchgear:
Secondary gas insulated switchgear is a type of protective equipment designed to protect people and environment from hazards arising out of electrical equipment. It is used in both low voltage (LV) and medium voltage (MV) gas insulated switchgears.
It has no moving parts, hence it does not wear or break down easily.
Application Insights:
The utilities and power plants application segment accounted for the largest revenue share of over 30% in 2017. The segment is expected to witness significant growth owing to the growing demand for gas insulated switchgears from various utility and power plant applications, such as combined heat & power generation stations, cogeneration stations, etc. Increasing investments by governments in developing energy infrastructure across countries is also expected to drive the market growth over the forecast period.
The transportation application segment was valued at USD 1,252.5 million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing to rising use of GIS across major industries including oil & gas, manufacturing.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a growing demand for gas insulated switchgears owing to increasing investments in power generation, transmission & distribution, and industrial applications. China is estimated to be one of the key contributors towards regional growth owing to rapid urbanization coupled with an expanding power sector.
The European market was valued at USD Xtackle during the same year and is projected to grow at a CAGR of XX% from 2018 To 2030 due primarily high Voltage (HV) grid requirements across countries such as France Germany Italy, U K., etc which have resulted into increased sales volume of LV & MV GS switchgears over this region. North America accounted for more than 25% share in terms of revenue in 2017 on account high Voltage HV grid requirements across countries such as Canada U S.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid replacement of aging infrastructure
- Growing investment in smart grid technologies
- Proliferation of renewable energy sources
- Stringent government regulations mandating the use of gas insulated switchgear
Scope Of The Report
Report Attributes
Report Details
Report Title
LV and MV Gas Insulated Switchgears Market Research Report
By Type
Primary Gas Insulated Switchgear, Secondary Gas Insulated Switchgear
By Application
Utilities and Power Plants, Transportation, Industry Applications
By Companies
ABB, Siemens, Mitsubishi, Fuji Electric, Schneider, Hyundai, Eaton, Hitachi, Nissin Electric Co., Ltd., Ouyue, Henan Pinggao Electric, HICO America(Hyosung Corporation), Huatech, XD Group
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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global LV and MV Gas Insulated Switchgears Market Report Segments:
The global LV and MV Gas Insulated Switchgears market is segmented on the basis of:
Types
Primary Gas Insulated Switchgear, Secondary Gas Insulated Switchgear
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
Utilities and Power Plants, Transportation, Industry Applications
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
- Mitsubishi
- Fuji Electric
- Schneider
- Hyundai
- Eaton
- Hitachi
- Nissin Electric Co., Ltd.
- Ouyue
- Henan Pinggao Electric
- HICO America(Hyosung Corporation)
- Huatech
- XD Group
Highlights of The LV and MV Gas Insulated Switchgears 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:
- Primary Gas Insulated Switchgear
- Secondary Gas Insulated Switchgear
- By Application:
- Utilities and Power Plants
- Transportation
- Industry Applications
- 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 LV and MV Gas Insulated Switchgears 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?
LV and MV gas insulated switchgears are used to connect two or more gas pipelines. The switchgear is designed to protect the pipelines from accidental rupture by providing a barrier between the different pressures of the gases.
Some of the major players in the lv and mv gas insulated switchgears market are ABB, Siemens, Mitsubishi, Fuji Electric, Schneider, Hyundai, Eaton, Hitachi, Nissin Electric Co., Ltd., Ouyue, Henan Pinggao Electric, HICO America(Hyosung Corporation), Huatech, XD Group.
The lv and mv gas insulated switchgears market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LV and MV Gas Insulated Switchgears 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 LV and MV Gas Insulated Switchgears Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LV and MV Gas Insulated Switchgears 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 LV and MV Gas Insulated Switchgears 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 LV and MV Gas Insulated Switchgears Market Size & Forecast, 2020-2028
4.5.1 LV and MV Gas Insulated Switchgears Market Size and Y-o-Y Growth
4.5.2 LV and MV Gas Insulated Switchgears Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Primary Gas Insulated Switchgear
5.2.2 Secondary Gas Insulated Switchgear
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Utilities and Power Plants
6.2.2 Transportation
6.2.3 Industry Applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LV and MV Gas Insulated Switchgears 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 LV and MV Gas Insulated Switchgears 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Primary Gas Insulated Switchgear
9.6.2 Secondary Gas Insulated Switchgear
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 Market Size Forecast by Applications
9.10.1 Utilities and Power Plants
9.10.2 Transportation
9.10.3 Industry Applications
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Primary Gas Insulated Switchgear
10.6.2 Secondary Gas Insulated Switchgear
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 Market Size Forecast by Applications
10.10.1 Utilities and Power Plants
10.10.2 Transportation
10.10.3 Industry Applications
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Primary Gas Insulated Switchgear
11.6.2 Secondary Gas Insulated Switchgear
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 Market Size Forecast by Applications
11.10.1 Utilities and Power Plants
11.10.2 Transportation
11.10.3 Industry Applications
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Primary Gas Insulated Switchgear
12.6.2 Secondary Gas Insulated Switchgear
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 Market Size Forecast by Applications
12.10.1 Utilities and Power Plants
12.10.2 Transportation
12.10.3 Industry Applications
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Primary Gas Insulated Switchgear
13.6.2 Secondary Gas Insulated Switchgear
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) Market Size Forecast by Applications
13.10.1 Utilities and Power Plants
13.10.2 Transportation
13.10.3 Industry Applications
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 LV and MV Gas Insulated Switchgears Market: Competitive Dashboard
14.2 Global LV and MV Gas Insulated Switchgears Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 Mitsubishi
14.3.4 Fuji Electric
14.3.5 Schneider
14.3.6 Hyundai
14.3.7 Eaton
14.3.8 Hitachi
14.3.9 Nissin Electric Co., Ltd.
14.3.10 Ouyue
14.3.11 Henan Pinggao Electric
14.3.12 HICO America(Hyosung Corporation)
14.3.13 Huatech
14.3.14 XD Group
