This study included extensive work in determining the current size of the gas insulated switchgear market. It began with a detailed secondary research exercise that gathered data related to the market, comparable markets, and the overall industry. Thereafter, the findings, assumptions, and market size estimates were further validated with the help of primary research via consultative interactions with industry experts along the entire value chain. Country-specific analysis was conducted to study the total market size. Further, after this, it split down the market and cross-referenced data to estimate various sizes of segments and sub-segments in the market.
Secondary Research
An extensive amount of secondary data has been used in this research study, including directories, databases, and authentic references such as Hoover's, Bloomberg BusinessWeek, Factiva, World Bank, the US Department of Energy (DOE), and the International Energy Agency (IEA). These are used to gather some of the most important data concerning a detailed technical, market-oriented, and commercial analysis of the global gas insulated switchgear market. Annual reports, press releases, investor presentations, whitepapers, authoritative publications, articles from renowned experts, information from industry associations, trade directories, and other sources of databases were additional secondary sources.
Primary Research
The scope of the gas insulated switchgear market involves a number of stakeholders, who are component manufacturers, product manufacturers/assemblers, service providers, distributors, and end-users within a supply chain. The demand for this market is driven by industrial end-users. Increasing demand from transmission as well as distribution utilities contributes to the growth of market. Supply Side: The demand for contracts from the industrial sector is significantly on the rise, and there is significant mergers and acquisitions among major players.
To get qualitative as well as quantitative insights, a number of primary sources from both supply as well as demand side of the market were consulted through interviews. The following breakup presents the primary respondents involved in the research study.
Note: Other designations include sales managers, engineers, and regional managers.
The tier of the companies is defined based on their total revenue; as of 2023: Tier 1 = > USD 1 billion, Tier 2
= From USD 500 million to USD 1 billion, and Tier 3 = < USD 500 million.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The estimation and justification of the gas insulated switchgear market size have been conducted using a bottom-up and top-down approach. This approach was thoroughly employed to determine the dimensions of multiple segments within the market. The research process comprises the following key stages
Gas Insulated Switchgear Market : Top-Down and Bottom-Up Approach
Data Triangulation
The entire process of estimating the overall market size followed the methodologies outlined and then comprehensively divided the market into different segments and subsegments. Advanced market segmentation and data triangulation techniques have been used to derive accurate statistics for each segment and subsegment to ensure a total analytical study. Data triangulation was done by analyzing several factors and trends from the both demand and supply side viewpoints within the GIS market ecosystem, thus providing an overall and precise view of dynamics in that market.
Market Definition
Gas-insulated switchgear (GIS) is a compact and highly efficient electrical power distribution system that makes use of gas, typically sulfur hexafluoride (SF6), as the insulating medium. Unlike traditional air-insulated switchgear, GIS encases its electrical components, including circuit breakers, busbars, and disconnectors, within a sealed metal enclosure filled with pressurized insulating gas. This design imparts greater dielectric strength, enabling GIS to handle higher voltage levels while occupying much less space. GIS applications can be seen in locations where the space is confined such as urban substations, platforms located offshore, and industrial facilities. This is because it will have a very compact size, low maintenance, and with enhanced safety features such as arcing resistance. GIS systems also offer dependability and durability as well as operating efficiency under the most severe environmental conditions, including extreme temperatures and humidity. As such, gas-insulated switchgear forms the crux of current power transmission and distribution networks, serving the mounting global need for electricity in the most risk-free environmental and operational frameworks possible.
Stakeholders
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Government Utility Providers
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Independent Power Producers
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Switchgear manufacturers
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Power equipment and garden tool manufacturers
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Consulting companies in the energy & power sector
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Distribution utilities
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Government and research organizations
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Organizations, forums, and associations
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Raw material suppliers
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State and national regulatory authorities
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Switchgear manufacturers, distributors, and suppliers
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Switchgear and circuit breaker original equipment manufacturers (OEMs)
Report Objectives
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The gas-insulated switchgear market will be defined, described, segmented, and forecasted based on installation, insulation type, voltage rating, configuration, and end-user.
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To forecast the GIS market by region, in terms of volume
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To forecast the gas-insulated switchgear market size for four key regions: North America, Europe, Asia Pacific, Middle East & Africa and South America along with their country-level market sizes, in terms of value
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To provide detailed information regarding key drivers, restraints, opportunities, and challenges influencing the GIS market growth
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To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall GIS market size
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To provide value chain analysis, ecosystem analysis, case study analysis, patent analysis, trade analysis, technology analysis, average selling price (ASP) analysis, Porter’s five forces analysis, and regulations pertaining to the GIS market
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To analyze opportunities for stakeholders in the market and draw a competitive landscape for GIS market players
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To strategically analyze the ecosystem, regulations, patents, and trading scenarios pertaining to the GIS market
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To benchmark players within the GIS market using the company evaluation matrix, which analyzes market players on various parameters within the broad categories of business and product strategies
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To compare key GIS market players with respect to their GIS market share, product specifications, and applications
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To strategically profile key players and comprehensively analyze their GIS market rankings and core competencies2
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To analyze competitive developments, such as contracts & agreements, investments & expansions, mergers & acquisitions, partnerships, and collaborations, in the GIS market
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To study the impact of AI/Gen AI on the market under study, along with the global macroeconomic outlook
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Product Analysis
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Product Matrix, which provides a detailed comparison of the product portfolio of each company
Company Information
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Detailed analyses and profiling of additional market players
HIGHEST CAGR (2024-2029)
CHINA FASTEST-GROWING MARKET IN THE REGION
CHANG
Jan, 2019
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