Selbyville, Delaware, April 30, 2019 (GLOBE NEWSWIRE) --
Middle East and Africa gas insulated power equipment market is projected to witness an upsurge on account of increasing demand for a sustainable electric infrastructure. Poor electricity grid infrastructure adhered by rising demand for electricity will stimulate the product demand. Rising private & public investments from institutions including the World Bank, Asian Development Bank (ADB) and the IFC, toward technological enhancement will further complement the business outlook.
Global Gas Insulated Power Equipment Market is set to surpass USD 30 billion by 2025, as reported in the latest study by Global Market Insights, Inc. The global market in the current regime has significantly been influenced by the increasing demand for compact substation specifications to curb the overall maintenance requirements, cost, and project space. However, availability of a substantial amount of existing switchgear technologies including vacuum and air insulated products have persistently been hindering the deployment of GIS units.
The Gas Insulated Transmission Line (GIL) market has attained significant impetus owing to improved welding feasibility, elastic bending capability and enhanced insulation properties. Technology upgradation, high voltage transmission capability coupled with long term reliability have led significant ground for the development of ongoing GIL project.
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Ongoing development of sustainable network technologies across the wind energy industry will drive the demand for competitive and advance power grid infrastructure. Moreover, increasing plant size to suffice the rise in demand for electricity with existing power infrastructure, require more clearances and space which may raise the overall power plant cost. Therefore, the GIS technology integration offers substantial scope for cost and space reduction in line with improved product performance which will further simulate gas insulated power equipment market.
Browse key industry insights spread across 562 pages with 1261 market data tables & 35 figures & charts from the report, “Gas Insulated Power Equipment Market By Products (Switchgear (GIS) [Voltage {Medium, High}, Installation {Underground, Tunnels & Troughs, Above Ground}, Application {HVAC, HVDC}], Lines (GIL) [Voltage {Medium, High}, Installation {Underground, Tunnels & Troughs, Above Ground}, Application {HVAC, HVDC}]), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, Italy, France, Russia, Spain, China, India, Japan, South Korea, Indonesia, Malaysia, Singapore, Thailand, Taiwan, Philippines, Australia, New Zealand, Saudi Arabia, UAE, South Africa, Bahrain, Qatar, Oman, Kuwait, Egypt, Turkey, Brazil, Argentina, Peru), Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/gas-insulated-power-equipment-market
The gas insulated power equipment market has significantly been influenced by regulatory inclination toward enhanced transmission capacity, reliability of electrical grid network and reduction in transmission losses. Low maintenance cost, effective power transmission capability, and minimal electrical ageing are key factors for the product deployment. In addition, the industry players are allocating fund flow toward research and development (R&D) activities related to GIl & GIS for reduction in the environmental hazards and project cost.
Asia Pacific region will observe an upsurge owing to the rising power demand from developing economies. Emerging nations including China and India are regarded as favourable countries for investment as they continuously complement the existing electrical capacities and infrastructure to suffice the electricity demand. Evolving power consumption patterns in households and corporations in line with rapid technological revolution will augment the gas insulated power equipment market.
Prominent industry players across the gas insulated power equipment market consist of Mitsubishi Electric, ABB, Toshiba, Larsen and Toubro, Siemens AG, Hyundai Electric & Energy System, General Electric, Schneider Electric, BHEL, Crompton Greaves, Ormazabal, Hitachi, Fuji Electric, Hyosung, Iljin Electric, AZZ, Chint Group, Meidensha Corporation, and Xi'an XD Switchgear Electric.
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Browse Related Reports:
Gas Insulated Switchgear Market By Capacity (<38kV, 38kV ≤ 72kV, ≥ 72kV ≤ 150kV, >150kV), By Voltage Level (Medium Voltage (Primary Distribution, Secondary Distribution), High Voltage), By Application (Transmission & Distribution, Manufacturing & Processing, Infrastructure & Transportation, Power Generation, Other), By Installation (Indoor, Outdoor), Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2017 – 2024
https://www.gminsights.com/industry-analysis/gas-insulated-switchgear-market
Gas Insulated Substation Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Russia, UAE, Saudi Arabia, Oman, China, India, Japan, Indonesia, Brazil), Application Development, Competitive Market Share & Forecast, 2017 – 2024
https://www.gminsights.com/industry-analysis/gas-insulated-substation-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.