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Gas Insulated Switchgear Market outlook, Future Scope, Demands and Projected Industry Growths to 2024

A detailed overview of Gas Insulated Switchgear market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Gas Insulated Switchgear market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

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 country's target of achieving 15% of the total energy production from renewable resources by 2020 and reducing carbon emissions.

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Gas Insulated Switchgear Market size will exceed USD 29 billion by 2024, as reported in the latest study.

Gas Insulated Switchgear Market outlook, Future Scope, Demands and Projected Industry Growths to 2024
Gas Insulated Switchgear Market outlook, Future Scope, Demands and Projected Industry Growths to 2024

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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.

Major Highlights from Table of contents are listed below for quick lookup into Gas Insulated Switchgear Market report

Chapter 1. Competitive Landscape

  • Company market share
  • Gas Insulated Switchgear Market Competitive analysis of key market players
  • Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

  • Business Overview
  • Financial Data
  • Product portfolio
  • Strategic Outlook
  • SWOT Analysis

Chapter 3. Methodology & Scope

  • Methodology
  • Initial data exploration
  • Gas Insulated Switchgear Market Statistical model and forecast
  • Industry insights and validation
  • Gas Insulated Switchgear Market Scope
  • Definition
  • Methodology and forecast parameters
  • Data Sources

Chapter 4. Executive Summary

  • Gas Insulated Switchgear industry 360º synopsis - 2025
  • Gas Insulated Switchgear Business trends
  • Region trends

Chapter 5. Gas Insulated Switchgear industry Insights

  • Gas Insulated Switchgear Industry segmentation
  • Industry landscape 2025
  • Industry Pitfalls and Challenges
  • Threat of new entrants
  • Threat of substitutes
  • Gas Insulated Switchgear Market Growth potential analysis

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