Gas Insulated Substation (GIS) Market

Global Industry Analysis (2017 - 2020) - Growth Trends and Market Forecast (2021 - 2025)

Published Date: Aug 2021 | Format: | No. of Pages: 140

Industry: Energy & Natural Resources | Author Name: Hrishikesh

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FAQ : Gas Insulated Substation (GIS) Market

Growing adoption renewable power followed by upgradation/replacement of traditional and inefficient substations across the globe is expected to drive investments into GIS facilities.

Global top five players in the gas insulated substation (GIS) market are GE, Siemens AG, Toshiba Corporation, ABB Ltd., and Eaton Corporation.

Currently, Asia Pacific remains the most lucrative market for GIS followed by North America and Europe. In Asia Pacific, China and India are keys nations investing heavily in energy security and rural electrification programs.

In terms of type, indoor segment dominated the global gas insulated substation market in 2019.

Lockdowns due to COVID-19 pandemic have significantly reduced electricity demand in the commercial and industrial sectors. Non-critical investments have been suspended throughout the sector-from generation to transmission to distribution. This has hampered investment in GIS facilities.
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