The North America Gas Insulated Switchgear Market would witness market growth of 5.6% CAGR during the forecast period (2022-2028).
Establishing an electric substation at the load center is necessary. Since installing a substation in the load center is both cost-effective and advantageous in many ways. The efficacy of voltage control improves as feeder length is cut down and as a result of short feeders. However, lack of space is the main barrier to building a substation at the load center.
The primary load center of any location is typically located in a very crowded area where there is rarely enough land to build a traditional electrical substation. The technique of gas-insulated switchgear is used to tackle this issue. All the switchgear parts can be put together in a relatively small area.
The substation's gas-insulated components typically include bus bars with electricity, disconnectors or electrical isolator, circuit breakers, and current transformers. It also includes voltage transformers, earth switches, and lightning or surge arrestors. Substations assembled by GIS are commonly known as gas insulated metal enclosed substations (GIMES).
There are new projects being developed or planned with capacities ranging from 500 MW to more than 2,000 MW. Over 5% of electricity comes from other new renewable sources, but this sector is the most dynamic due to strong legislation and widespread backing from provincial governments. As a policy change away from big nuclear reactors, Canada developed the Canadian SMR Roadmap in 2018 for zero-emission generation. Due to large expenditures made to improve distribution, transmission, and the overall efficiency of the electric power generation to prevent losses, the gas insulated switchgear market in the region will experience tremendous growth.
The US market dominated the North America Gas Insulated Switchgear Market by Country in 2021; thereby, achieving a market value of $6,951.7 million by 2028. The Canada market is experiencing a CAGR of 8% during (2022 - 2028). Additionally, The Mexico market would showcase a CAGR of 7.1% during (2022 - 2028).
Based on Installation, the market is segmented into Outdoor and Indoor. Based on Voltage Rating, the market is segmented into Above 220 kV, Up to 36 kV, 37 to 73 kV, and 74 to 220 kV. Based on Configuration, the market is segmented into Hybrid, Isolated Phase, Integrated Three Phase, and Compact GIS. Based on Insulation Type, the market is segmented into SF6 and SF6 Free. Based on End-User, the market is segmented into Power Transmission Utilities, Power Distribution Utilities, Power Generation Utilities, Railways & Metros, Industries & OEM, and Commercial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Gas Insulated Switchgear Market is Estimated to reach $33.9 Billion by 2028, at a CAGR of 6.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Schneider Electric SE, General Electric (GE) Co., Siemens AG, Eaton Corporation, Mitsubishi Electric Corporation, Hitachi, Ltd., Fuji Electric Co., Ltd., Powell Industries, Inc. and Hyundai Electric and Energy Systems Co., Ltd.
By Installation
By Voltage Rating
By Configuration
By Insulation Type
By End-User
By Country
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