Global Gas Insulated Substation Market to Reach $44.3 Billion by 2030
The global market for Gas Insulated Substation estimated at US$25.8 Billion in the year 2022, is projected to reach a revised size of US$44.3 Billion by 2030, growing at a CAGR of 7% over the analysis period 2022-2030. High Voltage, one of the segments analyzed in the report, is projected to record 7.9% CAGR and reach US$19.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Medium Voltage segment is readjusted to a revised 6.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $6.9 Billion, While China is Forecast to Grow at 11.7% CAGR
The Gas Insulated Substation market in the U.S. is estimated at US$6.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$11 Billion by the year 2030 trailing a CAGR of 11.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 6.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.Select Competitors (Total 42 Featured) -
- ABB Group
- Crompton Greaves Ltd.
- Eaton Corporation PLC
- Fuji Electric Co., Ltd.
- General Electric Company
- Hitachi Ltd.
- Mitsubishi Electric Corporation
- Schneider Electric SA
- Siemens AG
- Toshiba Corporation
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Group
- Crompton Greaves Ltd.
- Eaton Corporation PLC
- Fuji Electric Co., Ltd.
- General Electric Company
- Hitachi Ltd.
- Mitsubishi Electric Corporation
- Schneider Electric SA
- Siemens AG
- Toshiba Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 244 |
| Published | April 2024 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 25.8 Billion |
| Forecasted Market Value ( USD | $ 44.3 Billion |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Global |
