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North American High Voltage Gas Insulated Switchgear (HV GIS) Market, Forecast to 2024

  • Report

  • 80 Pages
  • October 2018
  • Region: North America
  • Frost & Sullivan
  • ID: 4659821

Investment for Long-term Capacity Stabilizes Demand for HV Infrastructure

A gas insulated switchgear (GIS), typically housed in a high voltage substation, is a critical component in the substations of the transmission network of utilities or in energy - intensive industrial units. In general, GIS structures are contained in a metal - sealed environment with sulfur hexafluoride gas (SF6) as the insulating medium.

A GIS’s basic functions include:

  • Protecting transmission circuits through interruption of short - circuit and overload fault currents
  • Enabling isolation of circuits from power supplies; as the GIS equipment is able to enhance system availability

Sales for high - voltage switchgear have always been closely tied to infrastructure investment into high - voltage transmission systems to support expansion of power generation, such as from conventional as well as utility renewable resources. However, the demand lately has also been driven by the need to upgrade aging substation infrastructure, as well as from heavy industries and data centers. Several energy - intensive industrial applications such as data centers are increasingly procuring and operating their own substations and therefore are in need of high - voltage power equipment, including GIS. However, the high cost of HV GIS equipment is among the top challenges faced by the industry. Any increase in prices of these systems will subsequently impact the demand for new switchgear equipment. High volatilities in raw material prices and trade tariffs (especially with most OEMs having their manufacturing facilities outside the US) contribute the most to restraining market growth. Further, refurbishment of old transmission and distribution (T&D) assets provides a cost - effective alternative to purchasing new equipment outright as it helps to defer the need to purchase new equipment by 10 - 15 years. However, OEMs are beginning to offer full refurbishment services that capatilize on the current market demand, thereby strategically hedging their revenue losses from the sales of new products.

GIS have several advantages over their air insulated (AIS) counterparts. But a couple of crucial advantages that have resulted in GIS dominating the market for high voltage applications are the space required for its construction and low levels of O&M costs. With growing levels of industrialization and urbanization, the need for space is a critical element in designing its installation. A typical GIS installation may take up to 90% less space than what an air insulated switchgear (AIS) will require.

Innovative design in GIS development has not only resulted in compact modular constructions, but also in the use of less environmentally harmful insulating gases without compromising on performance. SF6 - free insulating mediums in GIS will most likely account for a large share in the market beyond 2025 as global regulations to curb the impact of climate change will lead to further SF6 restrictions.

Key Issues Addressed:

  • What are the key drivers and restraints for the High Voltage (HV) Gas Insulated Switchgear (GIS) market in North America?
  • What are the trends in technology in the HV GIS market?
  • What is the current size of the North America HV GIS market and what are the forecasts to 2024?
  • What is the competitive landscape in the HV GIS market?
  • How is the market segmented by end-users?
  • What are the key growth opportunities for HV GIS providers in North America?

Table of Contents

1. Executive Summary
  • Introduction
  • Key Findings
  • Market Engineering Measurements
  • CEO’s Perspective

2. Market Overview - Total HV GIS Market
  • Product Scope and Market Definitions
  • Key Questions this Study will Answer
  • Market Distribution Channels

3. Drivers and Restraints - Total HV GIS Market
  • Market Drivers
  • Drivers Explained
  • Market Restraints
  • Restraints Explained

4. Forecasts and Trends - Total HV GIS Market
  • Forecast Assumptions
  • Market Engineering Measurements
  • Revenue Forecast
  • Revenue Forecast Discussion

5. Forecasts and Trends - The United States and Canada
  • Percent Revenue Forecast by Country
  • Revenue Forecast by Country
  • Revenue Forecast Discussion - The United States
  • Revenue Forecast Discussion - Canada

6. Forecasts and Trends - End - user Application
  • Revenue Forecast by End - user Application
  • End - user Application Forecast Discussion

7. Market Share and Competitive Analysis - Total HV GIS Market
  • Market Share
  • Market Share Analysis
  • Competitive Environment
  • Competitive Factors and Assessment
  • ABB
  • Siemens
  • Mitsubishi Electric
  • General Electric
  • Hitachi

8. Growth Opportunities and Companies to Action
  • Growth Opportunity 1 - SF6 Alternative Insulation
  • Growth Opportunity 2 - Smart Switchgear
  • Strategic Imperatives for Success

9. Transmission Segment Analysis
  • Transmission Segment Key Findings
  • Market Engineering Measurements - Transmission Segment
  • Transmission Segment Revenue Forecast
  • Transmission Segment Revenue Forecast Discussion

10. Sub - Transmission Segment Analysis
  • Sub - Transmission Segment Key Findings
  • Market Engineering Measurements - Sub - Transmission Segment
  • Sub - Transmission Segment Revenue Forecast
  • Sub - Transmission Segment Revenue Forecast Discussion

11. The Last Word
  • The Last Word - 3 Big Predictions
  • Legal Disclaimer

12. Appendix
  • Market Engineering Methodology
  • List of Companies in “Others”
  • List of Exhibits

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ABB
  • General Electric
  • Hitachi
  • Mitsubishi Electric
  • Siemens