Gas Insulated Switchgear Market 2021 Comprehensive Study and Forecasting 2025
According to Market Research Future (MRFR), the global gas insulated switchgear market is projected to grow at 8.77% CAGR from 2016 to 2023 (forecast period). The report provides an informative and in-depth analysis of the effect of the COVID-19 pandemic on the global gas insulated switchgear market. Gas Insulated Switchgear (GIS) is critical equipment in an electrical substation. It is a metal enclosed switchgear made up of components such as circuit breakers and disconnectors. It is usually used in places where there is limited space. For example, GIS is installed on extensions in areas such as roofs, offshore platforms, industrial plants, and hydropower plants, among others. Increasing power consumption globally across developed countries is also a key driver for the global gas insulated switchgear market size . In addition, the growing adoption of electricity-based equipment, appliances, vehicles, and others is expected to increase the demand for power and boost the electricit...