The global gas
insulated switchgear market was valued at USD 16.94 Billion in 2017 and
is projected to reach USD 28.09 Billion by 2023, at a CAGR of 8.73% during the
forecast period.
Major players operating in the market include ABB (Switzerland),
Siemens (Germany), Hitachi (Japan), Toshiba (Japan), and Nissin Electric
(Japan).
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Objectives of the
Study
- To
define and segment the gas insulated switchgear market with respect to
type, voltage, installation, end-user, and region.
- To
provide detailed information on the major factors influencing the growth
of the market (drivers, restraints, opportunities, and industry-specific
challenges)
- To
strategically analyze the gas insulated switchgear market with respect to
individual growth trends, future expansions, and contributions to the
market
- To
analyze market opportunities for stakeholders and details of a competitive
landscape for market leaders
- To
forecast the growth of the gas insulated switchgear market with respect to
the major regions (Asia Pacific, Europe, North America, South America, and
the Middle East & Africa)
- To
strategically profile key players and comprehensively analyze their market
rankings and core competencies
- To
analyze competitive developments, such as contracts & agreements, new
product developments, mergers & acquisitions, investments and
expansions, partnerships, joint ventures, and collaborations in the gas
insulated switchgear market
Research Methodology
This research study involved the use of extensive secondary
sources, directories, journals on power generation technologies, and other
related markets; newsletters and databases such as D&B, Bloomberg,
Businessweek, and Factiva, among others, to identify and collect information
useful for a technical, market-oriented, and commercial study of the global
variable speed generator market. The primary sources include several industry
experts from the core and related industries, vendors, preferred suppliers,
technology developers, alliances, and organizations related to all the segments
of this industry’s value chain.
To know about the assumptions considered for the
study, download
the pdf brochure
In this report, the gas insulated switchgear market has been
analyzed with respect to five regions, namely, North America, Europe, Asia
Pacific, South America, and the Middle East & Africa.
Asia Pacific is estimated to grow at the highest CAGR during
the forecast period. Factors such as increased power consumption; government
mandates on energy efficiency; rising influx of renewable sources in the energy
mix; and renovation, modernization, and upgradation of aging hydropower plants
are to drive the gas insulated switchgear market in the region.
To speak to our
analyst for a discussion on the above findings, click Speak
to Analyst
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sales@marketsandmarkets.com
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
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