What is Global 10KV-33KV Gas Insulated Switchgears Market?
The Global 10KV-33KV Gas Insulated Switchgears Market is a specialized sector within the electrical industry. Gas Insulated Switchgears (GIS) are a type of high-voltage switchgear, which are compact and encapsulated, designed for indoor or outdoor installation and for the application in power stations, industrial plants, and substations. The voltage range of 10KV-33KV is typically used in power distribution networks where rapid fault clearance is a priority. The global market for these switchgears is vast and diverse, with a wide range of applications and uses across various sectors.
Primary Gas Insulated Switchgear, Secondary Gas Insulated Switchgear in the Global 10KV-33KV Gas Insulated Switchgears Market:
Primary Gas Insulated Switchgear (GIS) and Secondary Gas Insulated Switchgear are two main types of switchgears in the Global 10KV-33KV Gas Insulated Switchgears Market. Primary GIS is mainly used in power plants, large industrial applications, and utilities to protect high voltage circuits. It is designed to handle higher loads and is more robust. On the other hand, Secondary GIS is used for lower voltage applications, typically in commercial and residential settings. It is designed to be more compact and cost-effective. Both types of switchgears play a crucial role in the safe and efficient distribution of electricity, and their demand is driven by the increasing need for reliable power supply and the growth of industrial and commercial sectors.
Power, Infrastructure, Industrial in the Global 10KV-33KV Gas Insulated Switchgears Market:
The Global 10KV-33KV Gas Insulated Switchgears Market finds its usage in various areas such as Power, Infrastructure, and Industrial sectors. In the power sector, these switchgears are used in power plants, substations, and distribution networks to ensure a reliable supply of electricity. They help in protecting the power system from faults and enable quick restoration of power in case of outages. In the infrastructure sector, they are used in buildings, airports, railway systems, and other public facilities to ensure a safe and efficient power supply. In the industrial sector, they are used in factories, plants, and other industrial facilities to protect machinery and equipment from electrical faults and to ensure a stable power supply for smooth operations.
Global 10KV-33KV Gas Insulated Switchgears Market Outlook:
The global 10KV-33KV Gas Insulated Switchgears market is showing promising growth. In 2022, the market was valued at US$ 302 million and is expected to reach US$ 349.9 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 2.1% during the forecast period from 2023 to 2029. The Asia-Pacific region holds the largest market share, accounting for about 40% of the global market. The primary gas insulated switchgear is the most common type, holding over 68% of the market share. In terms of application, the power sector dominates the market with over 70% share. This data reflects the growing demand for reliable and efficient power distribution systems across various sectors.
| Report Metric | Details |
| Report Name | 10KV-33KV Gas Insulated Switchgears Market |
| Accounted market size in 2022 | US$ 302 million |
| Forecasted market size in 2029 | US$ 349.9 million |
| CAGR | 2.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Siemens, Hitachi ABB Power Grids, Schneider, Hyosung Heavy Industries, Eaton, Toshiba, Nissin Electric Co., Ltd., Mitsubishi, Hyundai Electric, Meidensha, CHINT Group, Tbea, XD Electric, Pinggao Electric, Huatech, Ouyue |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
