LAMEA Gas Insulated Switchgear Market

LAMEA Gas Insulated Switchgear Market Size, Share & Industry Trends Analysis Report By Installation, By Voltage, By Configuration (Hybrid, Isolated Phase, Integrated Three Phase, and Compact GIS), By Insulation Type, By End-User, By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-11359 Publication Date: September-2022 Number of Pages: 134
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Market Report Description

The Latin America, Middle East and Africa Gas Insulated Switchgear Market would witness market growth of 9.1% CAGR during the forecast period (2022-2028).

These systems are highly reliable against environmental damage and additionally, these are also less vulnerable to earthquakes. Since they are enclosed, electrical breakdown due to flying wildlife is not a concern with them. These systems present no chance of an oil explosion or leak due to igniting. They are simple to maintain as the majority of maintenance is just ensuring that they function properly. Installation is easier and their operation expense is low.

Most GIS works quietly without making much noise and reverberations. Some versions employ their metal covers to block outside electromagnetic interference. GIS devices now cost less and are simpler because of technological advancements. The primary reasons propelling the expansion of GIS are the growing use of smart meters and smart grids, as well as the rising need for energy. GIS is being used by numerous countries involved in cross-border energy transfer to build long-distance transmission lines, distribution centers, and substations.

GIS substations without SF6 have gained much attention and most research being done in this field dominantly focus on SF6 alternatives. The adoption of government policies to improve the accessibility of clean energy and the growing emphasis on the sustainable energy process of power generation are factors that are expected to propel the gas insulated switchgear market.

Saudi Arabia's Vision 2030 initiative, which aims to end the use of oil in its power production model, has positioned ACWA Power at the forefront. Saudi Arabia aims to produce half of its renewable energy electricity by 2030 and the remaining half from gas. It will be one of the biggest single-contracted solar Photovoltaic plants anywhere in the world, with a capacity of supplying 185,000 homes and mitigating nearly 2.9 million tons of emissions annually.

The Brazil market dominated the LAMEA Gas Insulated Switchgear Market by Country in 2021; thereby, achieving a market value of $635.8 million by 2028. The Argentina market is exhibiting a CAGR of 9.7% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 8.8% during (2022 - 2028).

Based on Installation, the market is segmented into Outdoor and Indoor. Based on Voltage Rating, the market is segmented into Above 220 kV, Up to 36 kV, 37 to 73 kV, and 74 to 220 kV. Based on Configuration, the market is segmented into Hybrid, Isolated Phase, Integrated Three Phase, and Compact GIS. Based on Insulation Type, the market is segmented into SF6 and SF6 Free. Based on End-User, the market is segmented into Power Transmission Utilities, Power Distribution Utilities, Power Generation Utilities, Railways & Metros, Industries & OEM, and Commercial. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Global Gas Insulated Switchgear Market is Predict to reach $33.9 Billion by 2028, at a CAGR of 6.3%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Schneider Electric SE, General Electric (GE) Co., Siemens AG, Eaton Corporation, Mitsubishi Electric Corporation, Hitachi, Ltd., Fuji Electric Co., Ltd., Powell Industries, Inc. and Hyundai Electric and Energy Systems Co., Ltd.

Scope of the Study

Market Segments Covered in the Report:

By Installation

  • Outdoor
  • Indoor

By Voltage Rating

  • Above 220 kV
  • Up to 36 kV
  • 37 to 73 kV
  • 74 to 220 kV

By Configuration

  • Hybrid
  • Isolated Phase
  • Integrated Three Phase
  • Compact GIS

By Insulation Type

  • SF6
  • SF6 Free

By End-User

  • Power Transmission Utilities
  • Power Distribution Utilities
  • Power Generation Utilities
  • Railways & Metros
  • Industries & OEM
  • Commercial

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • ABB Group
  • Schneider Electric SE
  • General Electric (GE) Co.
  • Siemens AG
  • Eaton Corporation
  • Mitsubishi Electric Corporation
  • Hitachi, Ltd.
  • Fuji Electric Co., Ltd.
  • Powell Industries, Inc.
  • Hyundai Electric and Energy Systems Co., Ltd.
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