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Gas Insulated Switchgear Market Share

Report ID: GMI1929
Published Date: Jul 2024
Report Format: PDF

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Gas Insulated Switchgear Company Market Share

Gas Insulated Switchgear Market Company Market Share Analysis, 2023

ABB holds a significant share in the gas insulated switchgear market, leveraging its advanced technology and extensive experience. Known for its compact and reliable GIS solutions, ABB caters to diverse sectors including power transmission, distribution networks, and infrastructure projects. The company's strong market presence is bolstered by ongoing innovation in GIS technology, supporting efficient energy management and grid reliability worldwide.

Gas Insulated Switchgear Market Companies

Some of the key market players operating across the gas insulated switchgear industry are:

ABB
Chint Group
ELECTRIC&ELECTRONIC CO.,LTD.
Eaton
Fuji Electric Co., Ltd.
GE
Hitachi Energy Ltd.
Hyundai Electric & Energy Systems Co., Ltd.
ILJIN Electric
LS ELECTRIC Co., Ltd.
Mitsubishi Electric Corporation
NISSIN ELECTRIC Co., Ltd.
Ormazabal
Schneider Electric
Siemens
Toshiba Energy Systems & Solutions Corporation

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The gas insulated switchgear market was valued at USD 24 billion in 2023 and is projected to grow at 8.1% CAGR through 2032 driven by increasing urbanization and industrialization.

The high voltage rating segment is projected to surpass USD 31 billion by 2032 favored by the increasing demand for reliable and uninterrupted power supply.

Europe gas-insulated switchgear industry is projected to exceed USD 14.5 billion by 2032, owing to the increasing demand for reliable and efficient power distribution systems.

ABB, Chint Group, ELECTRIC&ELECTRONIC CO., LTD., Eaton, Fuji Electric Co., Ltd., GE, Hitachi Energy Ltd., and Hyundai Electric & Energy Systems Co., Ltd among others.