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Gas Insulated Switchgear Market

Gas Insulated Switchgear Market
Gas Insulated Switchgear Market - Increasing Implementation Of Smart Grid |Smart
Metering Technology
The vast majority of the home apparatuses, modern hardware, trains and numerous
different frameworks depend on electrical supply. All potential actions have to be
taken in order to ensure maximum safety and minimum power loss in a distribution
system. Switchgears are used for protecting and switching various devices such as
circuit breakers, fuses, switches and relays. The main use of switchgears is to offer
safety to the distribution system by disengaging in case of any hazardous conditions.
The gas insulated switchgears are frequently used in high or ultra-high voltage
transmission lines. In gas insulated medium voltage switchgear, sulphur hexafluoride
(SF6) gas is used for insulation and vacuum technology is used for circuit breaking.
Only SF6 is used both insulation and for interruption medium in the gas insulated
switchgear system for the applications above 72.5 KV, as vacuum technology is
limited to low voltage applications.
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The fast improvement in the power distribution division owing to the increasing
implementation of smart grid and smart metering technology is the fundamental
factor responsible for driving the growth of the global gas insulated switchgear
market. Intensifying energy demand, growth in renewable power generation,
limitations of space availability in densely populated urban areas, increasing
investments in the transmission & distribution substructure, and government
initiatives towards enhancing electricity access are boosting the growth of the gas
insulated switchgear market across the globe. Gas insulated switchgear is generally
used by the power generation, core sector, transportation, and distribution system
industries. Furthermore, the gas-insulated switchgear offers wide range of benefits
over conventional switchgears such as safety, high reliability, small space
requirement, long maintenance intervals and environmental compatibility. Gas
insulated switchgear also provides the space efficient and maximum cost effective
solution in order to increase the overall efficiency. Additionally, growing adoption of
electricity based equipment, gadgets, vehicles, appliances and others is anticipated to
increase demand for power and solid electricity distribution network. The electricity
requirements in the industrial and residential sectors are changing owing to the
technological advancements in the electronic equipment industry. The growing
transformation of transmission and distribution (T&D) network in order to reduce the
transmission losses by implementing smart grid technology and improvement of
existing aging old transmission network is supplementing the overall growth of the
gas insulated switchgear market. This transformation in the transmission network
requires replacement of the electric components including switchgears. The renovation
of transmission lines is expected to drive the demand for gas insulated switchgear
market throughput the forecast time frame. However, strict environmental & safety
regulations and huge cost of equipment are some of the factors may hinder the
growth of the gas insulated switchgear market.
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The global gas insulated switchgear market can be segmented on the basis of type,
technology, application and geography. On the basis of type, the global gas insulated
switchgear market can be segmented into medium voltage and high voltage gas
insulated switchgear. On the basis of technology, the global gas insulated switchgear
market can be bifurcated into integrated 3 phase GIS, compact GIS and hybrid GIS.
In terms of application, global gas insulated switchgear market can be segmented into
utilities, industrial, power generation, infrastructure and others. Geographically, the
global gas insulated switchgear market is divided into North America, Europe, Asia
Pacific, Middle East and Africa and South America. Asia Pacific is projected to grow
at significant rate during the forecast period owing to the growing demand for
electricity and large population.
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