Gas Insulated Switchgear Market: Growing Adoption of Electricity Based Equipment, Gadgets, Vehicles, Appliances
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.
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.