Gas Insulated Switchgear (GIS) Market worth $21,951.9 Million by 2019, According to a New Study on ASDReports

Monday 13 October 2014, Amsterdam

Asia-Pacific’s power sector is among the top fastest growing power sector across the globe and is expected to grow at the same pace in the near future. Asia-Pacific is the biggest market of GIS, and had a share of more than 65.0% of the total market size in 2013 that was majorly contributed by the China. It is estimated that India is the fastest growing market of GIS in the region. The implementation of EHV and UHV transmission system to minimize the transmission losses has strongly influenced the GIS market in the region. A few of the reasons for the high growth in this region are growing population, vast economies–developed as well as developing, favorable investment policies, and government initiatives to promote industrial growth.

“Transmission & Distribution –the biggest and Infrastructure & Transportation –the fastest growing” GIS markets

Transmission & distribution is the biggest end-user segment for GIS market, mainly driven by the growing demand for EHV and UHV transmission system to minimize the transmission losses. China and Russia are at forefront for employing GIS in transmission and distribution industry while Japan, U.S., and Germany are other key markets for GIS in the transmission and distribution end-user segment. Infrastructure and transportation is the fastest growing GIS end-user segment, majorly contributed by China, Japan, U.A.E and India. It is projected that among the key markets, U.A.E. has the maximum CAGR in this particular end-user segment of GIS followed by India and then China. Under the infrastructure & transportation segment, medium voltage GIS is used in various commercial places. The loads of these commercial places are less than the industries and for this reason secondary medium voltage GIS is used. Under the transportation segment, GIS are used in railway traction system, metro rail, high speed locomotives, and airports, where both primary and secondary medium voltage GIS are used depending upon the voltage level used.