#Gas #Insulated #Switchgear #Market #Size #Worth #USD
Pune, India, Oct. 18, 2022 (GLOBE NEWSWIRE) — The global Gas Insulated Switchgear Market size is projected to reach USD 36.60 billion by 2026 on account of the increasing demand for energy worldwide. A recently published report by Fortune Business Insights™ titled, “Gas Insulated Switchgear Market Size, Share and Industry Analysis, By Voltage (Up to 66 kV, 66 kV – 170 kV, 170 kV – 550 kV, and Above 550 kV) By Installation (Indoor and Outdoor), By End User (Utility, Industrial, Commercial, and Others), and Regional Forecast, 2019-2026.” offers a comprehensive overview of the market and its prime growth trajectories. According to this report, the market value stood at USD 21.13 billion in 2018 and will rise at a CAGR of 7.2% during the forecast period, 2019 to 2026.
Key Industry Developments of the Gas Insulated Switchgear Market include:
December 2019 – Italy’s transmission system operator (TSO) awarded a USD 100 million contract to ABB for supplying GIS and building _high-voltage substations in Obermooweiler, Baden-Wuerttemberg.
Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/sample/gas-insulated-switchgear-market-103092
Report Highlights:
| Report Coverage | Details |
| Forecast Period | 2019-2026 |
| Forecast Period 2019 to 2026 CAGR | 7.2% |
| 2026 Value Projection | USD 36.60 Billion |
| Base Year | 2018 |
| Market Size in 2018 | USD 21.13 Billion |
| Historical Data for | 2015-2017 |
| No. of Pages | 140 |
| Segments covered | By Voltage, By Installation, By End User and Regional Forecast |
| Growth Drivers | Improving Grid Infrastructure Will Aid in Expansion of Market |
| Heavy Investments on Construction of New Substations to Bode Well for Players |
Market Drivers:
Improving Grid Infrastructure Will Aid in Expansion of Market
Factors adding momentum to the gas insulated switchgear market growth include the increasing demand for energy and power, rise in construction and upgradation of the power grid, and the rise in investments in…
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