Summary

The global gas insulated switchgear market is expected to reach USD 31.3 billion by 2027 from an estimated USD 23.1 billion in 2022, at a CAGR of 6.3% from 2022 to 2027. The growth of the gas insulated switchgear market is proportional to the global energy demand has been increasing gradually due to an increase in energy consumption in recent years, which are the primary drivers of growth in the electricity demand. The industrial sector was the main driver of increased demand, although the commercial, service, and residential sectors all played a significant role. As a result of the strong demand for energy resources, variations in supply and demand are what cause price volatility in the energy market. The main causes of price volatility are a combination of better economic conditions, availability of energy resources, and rising power consumption. Additionally, managing energy has taken a high focus with the introduction of loT for home automation and building automation reasons. Hence, these factors drive the need for gas-insulated switchgear to monitor and optimize energy consumption. Sulfur hexafluoride (SF6) gas is pumped inside gas-tight metallic casings that serve as the insulating and arc-quenching medium for all current-carrying components in GIS substations. SF6 is not flammable and does not degrade because it is a dry inert gas. Furthermore, SF6 is one of the fluorinated gases, a class of chemicals, and is designated as a "greenhouse gas" (GHG). It has the highest potential to cause global warming of any GHG. Since SF6 emissions have significantly decreased, the Environmental Protection Agency's (EPA) investigation of the substance in the US will be affected. This might result in even more stringent limitations on the usage of SF6. Most rules that could potentially apply to the usage of SF6 relate to the family of fluorinated gases known as F-gases, which are chemically related. F-gas regulations will affect SF6 more as they tighten, which will affect the gas-insulated switchgear market. Upto to 36 kV segment, by voltage rating, to be fastest growing market from 2022 to 2027 Four types of subgroups are used for the gas insulated switchgear up to 36 kV, 37 to 73 kV, 74 to 220 kV, and above 220 kV. The up to 36 kV is a subgroup of voltage rating revolution that is mostly used at all end user segments use mostly gas insulated switchgear up to 36 kV, with the manufacturing and process industries, T&D utilities, and railway systems being the main exceptions. It is primarily utilized in T&D substations for the protection of industrial equipment, including HVAC and air-conditioning, motors, compressors, heating, and lighting systems, overload current protection, and electric arc protection. The industrial sector has grown overall due to the expansion in the manufacturing sector, which is anticipated to boost the demand for up to 36 kV gas insulated switchgear. The market for GIS for up to 36 kV voltage rating segment is projected to increase as a result of the rising investments in renewable energy and the expanding industrial and commercial sector, which includes enormous malls, hospitals, and hotels. The demand for power from industrial and commercial enterprises, which make up the majority of users, has significantly decreased. SF6 segment, by insulation type, to be largest market from 2022 to 2027 The insulation type segments have two types including SF6 and SF6 Free. A new generation of medium voltage switchgear is an SF6 gas insulated switchgear. High-voltage parts such as busbars, circuit breakers, and disconnectors were completely sealed in the SF6 gas tank at 1.4 bar pressure to achieve IP67 protection. Compared to air-insulated switchgear, SF6-filled gas switchgear can be 10 times smaller. An inert, non-toxic, tasteless, odorless, colorless, and inflammable gas with the chemical formula Sulfur Hexafluoride. It consists of a sulfur atom securely bound to and surrounded by six fluorine atoms. At the same pressure, it is two to three times more insulating than air and around 100 times more effective at interrupting arcs than air as the market for SF6-based gas insulated switchgear is expected to be driven by rising investments in renewable energy that lead to a need for upgrading current substations or installing new ones. Asia Pacific to be largest and fastest growing region in gas insulated switchgear market Asia Pacific is expected to dominate the global gas insulated switchgear market and projected to grow at the highest CAGR between 2022 and 2027. The rapid development and progress of Asia Pacific area are being driven by the expansion of all Asian nations' major economies. Power transmission utilities, power generation utilities, power distribution utilities, commercial sectors, and railways and metros are some of the region's primary end-users of gas insulated switchgear. Due to the lower capital and labor costs, the manufacturing sector in the area is projected to have continued market growth. With the growing population in Asian countries such as China and India, electricity generation demand is also rising. To effectively fulfill the region's expanding energy needs, clean energy is widely adopted. These countries are trying to modernize their outdated infrastructure to make integrating renewable energy sources into the national grid easier. The demand for GIS to regulate electricity and offer fault protection will significantly increase, raising the market for gas insulated switchgear in Asia Pacific. Breakdown of Primaries: In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows: By Company Type: Tier 1-30%, Tier 2-55%, and Tier 3-15% By Designation: C-Level-30%, D-Level-20%, and Others-50% By Region: Asia Pacific–10%, North America–18%, Europe–8%, Middle East & Africa–60%, and South America–4% Note: “Others” include sales managers, engineers, and regional managers The tiers of the companies are defined based on their total revenue as of 2021: Tier 1: >USD 1 billion, Tier 2: USD 500 million–1 billion, and Tier 3:

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Table of Contents

1 INTRODUCTION 30
1.1 STUDY OBJECTIVES 30
1.2 MARKET DEFINITION 30
1.3 INCLUSIONS AND EXCLUSIONS 31
1.3.1 GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION 31
1.3.2 GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE 31
1.3.3 GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING 31
1.3.4 GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION 31
1.3.5 GAS-INSULATED SWITCHGEAR MARKET, BY END-USER 32
1.3.6 GAS-INSULATED SWITCHGEAR MARKET, BY REGION 32
1.4 MARKET SCOPE 32
1.4.1 GAS-INSULATED SWITCHGEAR MARKET SEGMENTATION 32
1.4.2 REGIONAL SCOPE 33
1.5 YEARS CONSIDERED 33
1.6 CURRENCY CONSIDERED 33
1.7 LIMITATIONS 34
1.8 STAKEHOLDERS 34
1.9 SUMMARY OF CHANGES 34
2 RESEARCH METHODOLOGY 36
2.1 RESEARCH DATA 36
FIGURE 1 GAS-INSULATED SWITCHGEAR MARKET: RESEARCH DESIGN 36
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 37
FIGURE 2 DATA TRIANGULATION METHODOLOGY 37
2.2.1 SECONDARY DATA 38
2.2.1.1 Key data from secondary sources 38
2.2.2 PRIMARY DATA 38
2.2.2.1 Breakdown of primaries 39
FIGURE 3 KEY DATA FROM PRIMARY SOURCES 39
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 40
FIGURE 5 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR GAS-INSULATED SWITCHGEAR 40
2.3 MARKET SIZE ESTIMATION 41
2.3.1 BOTTOM-UP APPROACH 41
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 41
2.3.2 TOP-DOWN APPROACH 42
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 42
 
2.3.3 DEMAND-SIDE ANALYSIS 43
2.3.3.1 Regional analysis 43
2.3.3.2 Country analysis 44
2.3.3.3 Demand-side assumptions 44
2.3.3.4 Demand-side calculations 44
2.3.4 SUPPLY-SIDE ANALYSIS 45
FIGURE 8 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF GAS-INSULATED SWITCHGEAR 45
FIGURE 9 GAS-INSULATED SWITCHGEAR MARKET: SUPPLY-SIDE ANALYSIS 46
2.3.4.1 Supply-side calculations 46
2.3.4.2 Supply-side assumptions 46
2.3.5 FORECAST 47
3 EXECUTIVE SUMMARY 48
TABLE 1 GAS-INSULATED SWITCHGEAR MARKET SNAPSHOT 48
FIGURE 10 ASIA PACIFIC DOMINATED GAS-INSULATED SWITCHGEAR MARKET IN 2021 49
FIGURE 11 BY INSTALLATION, OUTDOOR SEGMENT ESTIMATED TO ACCOUNT FOR LARGER MARKET SHARE THAN INDOOR SEGMENT BETWEEN 2022 AND 2027 50
FIGURE 12 BY INSULATION TYPE, SF6 SEGMENT PROJECTED TO DOMINATE GAS-INSULATED SWITCHGEAR MARKET FROM 2022 TO 2027 50
FIGURE 13 BY VOLTAGE RATING, ABOVE 220 KV SEGMENT ESTIMATED TO LEAD
GAS-INSULATED SWITCHGEAR MARKET FROM 2022 TO 2027 51
FIGURE 14 BY CONFIGURATION, HYBRID SEGMENT ESTIMATED TO LEAD GAS-INSULATED SWITCHGEAR MARKET FROM 2022 TO 2027 51
FIGURE 15 BY END-USER, POWER TRANSMISSION UTILITIES SEGMENT ESTIMATED TO LEAD GAS-INSULATED SWITCHGEAR MARKET FROM 2022 TO 2027 52
4 PREMIUM INSIGHTS 53
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN GAS-INSULATED SWITCHGEAR MARKET 53
FIGURE 16 ADOPTION OF RENEWABLE ENERGY TECHNOLOGIES TO DRIVE GAS-INSULATED SWITCHGEAR MARKET BETWEEN 2022 AND 2027 53
4.2 GAS-INSULATED SWITCHGEAR MARKET, BY REGION 53
FIGURE 17 ASIA PACIFIC MARKET TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 53
4.3 ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION AND COUNTRY, 2021 54
FIGURE 18 BY INSTALLATION, OUTDOOR SEGMENT ACCOUNTED FOR LARGER SHARE OF ASIA PACIFIC GAS-INSULATED SWITCHGEAR MARKET IN 2021 54
4.4 GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION 54
FIGURE 19 OUTDOOR SEGMENT ESTIMATED TO ACCOUNT FOR LARGER MARKET SHARE THAN INDOOR SEGMENT BY 2027 54
4.5 GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE 55
FIGURE 20 SF6 SEGMENT ESTIMATED TO ACCOUNT FOR LARGER MARKET SHARE THAN SF6 FREE SEGMENT BY 2027 55
 
4.6 GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING 55
FIGURE 21 ABOVE 220 KV SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE BY 2027 55
4.7 GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION 56
FIGURE 22 HYBRID SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE BY 2027 56
4.8 GAS-INSULATED SWITCHGEAR MARKET, BY END-USER 56
FIGURE 23 POWER TRANSMISSION UTILITIES SEGMENT TO LEAD GAS-INSULATED SWITCHGEAR MARKET BY 2027 56
5 MARKET OVERVIEW 57
5.1 INTRODUCTION 57
5.2 MARKET DYNAMICS 58
FIGURE 24 GAS-INSULATED SWITCHGEAR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 58
5.2.1 DRIVERS 58
5.2.1.1 Rising global energy consumption 58
FIGURE 25 TOTAL ELECTRICITY CONSUMPTION (EJ), 2010–2019 59
TABLE 2 ELECTRICITY PRICES IN SELECTED OECD COUNTRIES, 2021 (USD/UNIT) 59
5.2.1.2 Increase in renewable energy-based capacity addition 60
FIGURE 26 INSTALLED RENEWABLE ENERGY CAPACITY (2016–2021) 60
5.2.1.3 Low maintenance and minimal space requirement of GIS 60
5.2.1.4 Arc-resistant design of GIS 61
5.2.2 RESTRAINTS 61
5.2.2.1 Stringent regulations restricting SF6 gas emissions 61
TABLE 3 GLOBAL WARMING POTENTIALS OF GREENHOUSE GASES (100-YEAR TIME HORIZON) 62
5.2.3 OPPORTUNITIES 63
5.2.3.1 Aging power distribution infrastructure 63
5.2.3.2 Emerging smart technologies and digitalization 63
5.2.3.3 Increasing investment in industrial production 64
FIGURE 27 GLOBAL GDP GROWTH (2010–2022) 64
5.2.4 CHALLENGES 65
5.2.4.1 High cost of GIS compared with conventional or air-insulated switchgear 65
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 65
5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR GAS-INSULATED SWITCHGEAR PROVIDERS 65
FIGURE 28 REVENUE SHIFT FOR GAS-INSULATED SWITCHGEAR PROVIDERS 66
5.4 MARKET MAP 66
FIGURE 29 MARKET MAP: GAS-INSULATED SWITCHGEAR MARKET 66
TABLE 4 GAS-INSULATED SWITCHGEAR MARKET: ROLE IN ECOSYSTEM 67
 
5.5 VALUE CHAIN ANALYSIS 69
FIGURE 30 VALUE CHAIN ANALYSIS: GAS-INSULATED SWITCHGEAR MARKET 69
5.5.1 RAW MATERIAL PROVIDERS/SUPPLIERS 69
5.5.2 COMPONENT MANUFACTURERS 70
5.5.3 GAS-INSULATED SWITCHGEAR MANUFACTURERS/ASSEMBLERS 70
5.5.4 DISTRIBUTORS 70
5.5.5 END USERS 70
5.5.6 POST-SALES SERVICES 70
5.6 TECHNOLOGY ANALYSIS 70
5.6.1 AI-DETECTION GAS-INSULATED SWITCHGEAR 70
5.6.2 IOT-CONNECTED GAS-INSULATED SWITCHGEAR 71
5.6.3 SF6 FREE GAS-INSULATED SWITCHGEAR 72
5.7 PRICING ANALYSIS 72
5.7.1 AVERAGE SELLING PRICES OF GAS-INSULATED SWITCHGEAR, BY VOLTAGE RATING 72
TABLE 5 AVERAGE SELLING PRICES OF GAS-INSULATED SWITCHGEAR, 2021 72
TABLE 6 AVERAGE SELLING PRICES OF GAS-INSULATED SWITCHGEAR FROM KEY PLAYERS, BY VOLTAGE, (2021) 73
FIGURE 31 AVERAGE SELLING PRICES OF KEY PLAYERS, BY VOLTAGE RATING 73
5.8 KEY CONFERENCES AND EVENTS IN 2022–2024 73
TABLE 7 SWITCHGEAR MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 73
5.9 TARIFFS, CODES, AND REGULATIONS 76
5.9.1 TARIFFS RELATED TO GAS-INSULATED SWITCHGEAR 76
TABLE 8 IMPORT TARIFFS FOR HS 853690 LOW VOLTAGE PROTECTION EQUIPMENT IN 2019 76
TABLE 9 IMPORT TARIFFS FOR HS 8535 HIGH VOLTAGE PROTECTION EQUIPMENT IN 2019 77
5.10 TRADE ANALYSIS 78
5.10.1 TRADE ANALYSIS RELATED TO ELECTRICAL APPARATUS FOR SWITCHING OR PROTECTING ELECTRICAL CIRCUITS WITH VOLTAGE EXCEEDING 1,000 VOLTS 78
5.10.2 IMPORT SCENARIO 78
TABLE 10 IMPORT SCENARIO FOR HS CODE: 8535, BY COUNTRY, 2019–2021 (USD) 78
5.10.3 EXPORT SCENARIO 79
TABLE 11 EXPORT SCENARIO FOR HS CODE: 8535, BY COUNTRY, 2019–2021 (USD) 79
5.10.4 TRADE ANALYSIS RELATED TO ELECTRICAL APPARATUS FOR SWITCHING OR PROTECTING ELECTRICAL CIRCUITS WITH VOLTAGE NOT EXCEEDING 1,000 VOLTS 80
5.10.5 IMPORT SCENARIO 80
TABLE 12 IMPORT SCENARIO FOR HS CODE: 853690, BY COUNTRY, 2019–2021 (USD) 80
5.10.6 EXPORT SCENARIO 81
TABLE 13 EXPORT SCENARIO FOR HS CODE: 853690, BY COUNTRY, 2019–2021 (USD) 81
5.10.7 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82
TABLE 14 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82
TABLE 15 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 83
TABLE 16 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 84
TABLE 17 REST OF WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 85
5.10.8 CODES AND REGULATIONS RELATED TO GAS-INSULATED SWITCHGEAR 86
TABLE 18 GAS-INSULATED SWITCHGEAR: CODES AND REGULATIONS 86
5.11 PATENT ANALYSIS 88
TABLE 19 SWITCHGEAR: INNOVATIONS AND PATENT REGISTRATIONS, MAY 2018–APRIL 2022 88
5.12 PORTER’S FIVE FORCES ANALYSIS 93
FIGURE 32 PORTER’S FIVE FORCES ANALYSIS FOR GAS-INSULATED SWITCHGEAR MARKET 93
TABLE 20 GAS-INSULATED SWITCHGEAR MARKET: PORTER’S FIVE FORCES ANALYSIS 93
5.12.1 THREAT OF SUBSTITUTES 94
5.12.2 BARGAINING POWER OF SUPPLIERS 94
5.12.3 BARGAINING POWER OF BUYERS 94
5.12.4 THREAT OF NEW ENTRANTS 94
5.12.5 INTENSITY OF COMPETITIVE RIVALRY 95
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 95
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 95
FIGURE 33 INFLUENCE OF KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 END USERS 95
TABLE 21 INFLUENCE OF KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 END USERS 95
5.14 BUYING CRITERIA 96
FIGURE 34 INFLUENCE OF KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 END USERS 96
TABLE 22 KEY BUYING CRITERIA FOR TOP 3 END USERS 96
5.15 CASE STUDY ANALYSIS 97
5.15.1 NORTHERN POWERGRID COMPANY DECIDED TO USE ABB SF6 FREE SWITCHGEAR FOR ITS ELECTRICAL NETWORK 97
5.15.1.1 Problem Statement: April 2022 97
5.15.1.2 Solution 97
5.15.2 NATIONAL GRID BEGINS JOURNEY TO SF6-FREE HV SUBSTATIONS FOR ITS SOUTHEAST ENGLAND NETWORK 97
5.15.2.1 Problem Statement: April 2021 97
5.15.2.2 Solution 97
6 GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION 98
6.1 INTRODUCTION 99
FIGURE 35 GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2021 99
TABLE 23 GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2020–2027 (USD BILLION) 99
6.2 INDOOR 100
6.2.1 GROWING INDUSTRIAL AND COMMERCIAL SECTORS IN DEVELOPING COUNTRIES TO INCREASE DEMAND 100
TABLE 24 INDOOR: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION) 100
6.3 OUTDOOR 101
6.3.1 GROWING ELECTRICITY DEMAND LEADING TO INCREASING INVESTMENTS IN TRANSMISSION AND DISTRIBUTION NETWORKS TO DRIVE SEGMENT 101
TABLE 25 OUTDOOR: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION) 101
7 GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE 102
7.1 INTRODUCTION 103
FIGURE 36 GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE, 2021 103
TABLE 26 GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE, 2020–2027 (USD BILLION) 103
7.2 SF6 104
7.2.1 HIGH DIELECTRIC PROPERTY AND LESS SPACE REQUIREMENT FOR INSTALLATION TO INCREASE DEMAND 104
TABLE 27 SF6: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION) 104
7.3 SF6 FREE 105
7.3.1 ENVIRONMENT-FRIENDLY PROPERTIES TO DRIVE DEMAND 105
TABLE 28 SF6 FREE: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION) 105
8 GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING 106
8.1 INTRODUCTION 107
FIGURE 37 GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2021 107
TABLE 29 GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2020–2027 (USD BILLION) 107
8.2 UP TO 36 KV 108
8.2.1 GROWING INDUSTRIAL & COMMERCIAL SECTORS IN DEVELOPING COUNTRIES TO BOOST DEMAND 108
TABLE 30 UP TO 36 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION) 108
8.3 BETWEEN 37 KV AND 73 KV 109
8.3.1 GROWING URBANIZATION AND INVESTMENT IN TRANSMISSION NETWORKS TO DRIVE DEMAND 109
TABLE 31 GLOBAL URBAN POPULATION OVERVIEW, BY REGION—1950, 2021, AND 2050 109
TABLE 32 BETWEEN 37 KV AND 73 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION) 109
 
8.4 BETWEEN 74 KV AND 220 KV 110
8.4.1 INVESTMENTS IN ELECTRICAL TRANSMISSION NETWORKS TO DRIVE DEMAND 110
TABLE 33 BETWEEN 74 KV AND 220 KV: GAS-INSULATED SWITCHGEAR MARKET,
BY REGION, 2020–2027 (USD BILLION) 110
8.5 ABOVE 220 KV 111
8.5.1 RAPID INCREASE IN ELECTRICITY DEMAND AND UPGRADE OF HIGH-VOLTAGE SUBSTATIONS TO DRIVE DEMAND 111
TABLE 34 ABOVE 220 KV: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION) 111
9 GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION 112
9.1 INTRODUCTION 113
FIGURE 38 GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION, 2021 113
TABLE 35 GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION, 2020–2027 (USD BILLION) 113
9.2 HYBRID 114
9.2.1 REDUCTION OF SUBSTATION FOOTPRINT BY 50% TO DRIVE MARKET 114
TABLE 36 HYBRID: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION) 114
9.3 ISOLATED PHASE 114
9.3.1 PREVENTION OF PHASE-TO-PHASE FAULTS TO FUEL MARKET 114
TABLE 37 ISOLATED PHASE: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION) 115
9.4 INTEGRATED THREE PHASE 115
9.4.1 INCREASING DEMAND FOR POWER IN INDUSTRIAL APPLICATIONS AND URBAN AREAS TO DRIVE MARKET 115
TABLE 38 INTEGRATED THREE PHASE: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION) 115
9.5 COMPACT GIS 116
9.5.1 LOW MAINTENANCE AND OPERATING COSTS DRIVE MARKET FOR COMPACT GIS 116
TABLE 39 COMPACT GIS: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION) 116
10 GAS-INSULATED SWITCHGEAR MARKET, BY END-USER 117
10.1 INTRODUCTION 118
FIGURE 39 GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2021 118
TABLE 40 GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 118
10.2 POWER TRANSMISSION UTILITIES 119
10.2.1 EXPANDING POWER TRANSMISSION NETWORKS IN DEVELOPING COUNTRIES TO INCREASE DEMAND 119
TABLE 41 POWER TRANSMISSION UTILITIES: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION) 119
 
10.3 POWER DISTRIBUTION UTILITIES 120
10.3.1 GROWING URBANIZATION AND SPACE CONSTRAINTS IN URBAN AREAS TO DRIVE DEMAND 120
TABLE 42 POWER DISTRIBUTION UTILITIES: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION) 120
10.4 POWER GENERATION UTILITIES 121
10.4.1 GROWING POWER REQUIREMENTS TO SPUR DEMAND 121
TABLE 43 POWER GENERATION UTILITIES: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION) 121
10.5 RAILWAYS & METROS 122
10.5.1 GROWING INVESTMENT IN RAILWAYS TO PROMOTE DEMAND 122
TABLE 44 RAILWAYS & METROS: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION) 122
10.6 INDUSTRIES & OEM 123
10.6.1 GROWING INDUSTRIAL SECTOR TO BOOST DEMAND 123
TABLE 45 INDUSTRIES & OEM: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION) 123
10.7 COMMERCIAL 124
10.7.1 GROWING INFRASTRUCTURE AND ECONOMIES TO PROPEL DEMAND 124
TABLE 46 COMMERCIAL: GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027(USD BILLION) 124
11 GAS-INSULATED SWITCHGEAR MARKET, BY REGION 125
11.1 INTRODUCTION 126
FIGURE 40 GAS-INSULATED SWITCHGEAR MARKET SHARE, BY REGION, 2021 (%) 126
FIGURE 41 GAS-INSULATED SWITCHGEAR MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR FROM 2022 TO 2027 127
TABLE 47 GAS-INSULATED SWITCHGEAR MARKET, BY REGION, 2020–2027 (USD BILLION) 127
11.2 ASIA PACIFIC 128
FIGURE 42 SNAPSHOT: ASIA PACIFIC GAS-INSULATED SWITCHGEAR MARKET 129
11.2.1 BY INSTALLATION 130
TABLE 48 ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2020–2027 (USD BILLION) 130
11.2.2 BY INSULATION TYPE 130
TABLE 49 ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE, 2020–2027 (USD BILLION) 130
11.2.3 BY VOLTAGE RATING 130
TABLE 50 ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2020–2027 (USD BILLION) 130
11.2.4 BY CONFIGURATION 131
TABLE 51 ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION, 2020–2027 (USD BILLION) 131
11.2.5 BY END-USER 131
TABLE 52 ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 131
11.2.6 BY COUNTRY 132
TABLE 53 ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY COUNTRY, 2020–2027 (USD BILLION) 132
11.2.6.1 China 132
11.2.6.1.1 Investments in clean power generation to drive market 132
TABLE 54 CHINA: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 133
11.2.6.2 INDIA 133
11.2.6.2.1 Rising electrification initiatives in remote parts of India to drive demand for gas-insulated switchgear 133
TABLE 55 INDIA: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 134
11.2.6.3 Japan 134
11.2.6.3.1 Replacement of aging infrastructure to drive market 134
TABLE 56 JAPAN: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 135
11.2.6.4 South Korea 135
11.2.6.4.1 Interconnected complex grids to fuel market growth 135
TABLE 57 SOUTH KOREA: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 136
11.2.6.5 AUSTRALIA 136
11.2.6.5.1 Electrification of Australian railroad network to drive demand for gas-insulated switchgear 136
TABLE 58 AUSTRALIA: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 137
11.2.7 REST OF ASIA PACIFIC 137
TABLE 59 REST OF ASIA PACIFIC: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 138
11.3 EUROPE 138
FIGURE 43 SNAPSHOT: EUROPE GAS-INSULATED SWITCHGEAR MARKET 139
11.3.1 BY INSTALLATION 140
TABLE 60 EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2020–2027 (USD BILLION) 140
11.3.2 BY INSULATION TYPE 140
TABLE 61 EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE, 2020–2027 (USD BILLION) 140
11.3.3 BY VOLTAGE RATING 140
TABLE 62 EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2020–2027 (USD BILLION) 140
11.3.4 BY CONFIGURATION 141
TABLE 63 EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION, 2020–2027 (USD BILLION) 141
11.3.5 BY END-USER 141
TABLE 64 EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 141
 
11.3.6 BY COUNTRY 142
TABLE 65 EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY COUNTRY, 2020–2027 (USD BILLION) 142
11.3.6.1 Germany 142
11.3.6.1.1 Increasing focus on energy efficiency and grid expansion to drive market 142
TABLE 66 GERMANY: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 143
11.3.6.2 UK 143
11.3.6.2.1 Growing integration of renewables in electricity mix to drive market 143
TABLE 67 UK: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 144
11.3.6.3 Italy 144
11.3.6.3.1 Interconnection of grids to drive market demand 144
TABLE 68 ITALY: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 145
11.3.6.4 France 145
11.3.6.4.1 Growing focus on addition of renewable energy-based capacity to drive market 145
TABLE 69 FRANCE: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 146
11.3.6.5 Spain 146
11.3.6.5.1 Development of electricity transmission network to fuel demand for gas-insulated switchgear 146
TABLE 70 SPAIN: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 147
11.3.6.6 Rest of Europe 147
TABLE 71 REST OF EUROPE: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 148
11.4 NORTH AMERICA 148
11.4.1 BY INSTALLATION 149
TABLE 72 NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2020–2027 (USD BILLION) 149
11.4.2 BY INSULATION TYPE 149
TABLE 73 NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE, 2020–2027 (USD BILLION) 149
11.4.3 BY VOLTAGE RATING 150
TABLE 74 NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2020–2027 (USD BILLION) 150
11.4.4 BY CONFIGURATION 150
TABLE 75 NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION, 2020–2027 (USD BILLION) 150
11.4.5 BY END-USER 151
TABLE 76 NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 151
 
11.4.6 BY COUNTRY 151
TABLE 77 NORTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY COUNTRY, 2020–2027 (USD BILLION) 151
11.4.6.1 US 152
11.4.6.1.1 Replacement of aging power infrastructure to drive market 152
TABLE 78 US: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 153
11.4.6.2 Canada 153
11.4.6.2.1 Requirement for low-emission power generation and growing investment in renewables to drive market 153
TABLE 79 CANADA: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 154
11.4.6.3 Mexico 154
11.4.6.3.1 Growing investment in strengthening electric power infrastructure to drive market 154
TABLE 80 MEXICO: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 155
11.5 SOUTH AMERICA 155
11.5.1 BY INSTALLATION 156
TABLE 81 SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2020–2027 (USD BILLION) 156
11.5.2 BY INSULATION TYPE 156
TABLE 82 SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE, 2020–2027 (USD BILLION) 156
11.5.3 BY VOLTAGE RATING 156
TABLE 83 SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2020–2027 (USD BILLION) 156
11.5.4 BY CONFIGURATION 157
TABLE 84 SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION, 2020–2027 (USD BILLION) 157
11.5.5 BY END-USER 157
TABLE 85 SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 157
11.5.6 BY COUNTRY 158
TABLE 86 SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY COUNTRY, 2020–2027 (USD BILLION) 158
11.5.6.1 Brazil 158
11.5.6.1.1 Increasing demand for power and growing electrification to drive market 158
TABLE 87 BRAZIL: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 159
11.5.6.2 Argentina 159
11.5.6.2.1 Rising power demand from industries and government initiatives toward utilizing renewable energy to drive market 159
TABLE 88 ARGENTINA: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 160
 
11.5.6.3 Rest of South America 160
TABLE 89 REST OF SOUTH AMERICA: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 161
11.6 MIDDLE EAST & AFRICA 161
11.6.1 BY INSTALLATION 162
TABLE 90 MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSTALLATION, 2020–2027 (USD BILLION) 162
11.6.2 BY INSULATION TYPE 162
TABLE 91 MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET, BY INSULATION TYPE, 2020–2027 (USD BILLION) 162
11.6.3 BY VOLTAGE RATING 162
TABLE 92 MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2020–2027 (USD BILLION) 162
11.6.4 BY CONFIGURATION 163
TABLE 93 MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET, BY CONFIGURATION, 2020–2027 (USD BILLION) 163
11.6.5 BY END-USER 163
TABLE 94 MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 163
11.6.6 BY COUNTRY 164
TABLE 95 MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET, BY COUNTRY, 2020–2027 (USD BILLION) 164
11.6.6.1 Saudi Arabia 164
11.6.6.1.1 Growing investment in power generation projects to drive market 164
TABLE 96 SAUDI ARABIA: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 165
11.6.6.2 UAE 165
11.6.6.2.1 Growing construction sector to lead to increased demand for gas-insulated switchgear 165
TABLE 97 UAE: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 166
11.6.6.3 South Africa 166
11.6.6.3.1 Growing industrial and commercial sectors to drive market 166
TABLE 98 SOUTH AFRICA: GAS-INSULATED SWITCHGEAR MARKET, BY END-USER, 2020–2027 (USD BILLION) 167
11.6.6.4 Kuwait 167
11.6.6.4.1 Growing energy demand to drive market 167
TABLE 99 KUWAIT: GAS-INSULATED SWITCHGEAR MARKET, BY VOLTAGE RATING, 2020–2027 (USD BILLION) 168
11.6.6.5 Rest of Middle East & Africa 168
11.6.6.5.1 Growing investments in power sector to drive market 168
TABLE 100 REST OF MIDDLE EAST & AFRICA: GAS-INSULATED SWITCHGEAR MARKET SIZE, BY END-USER, 2020–2027 (USD BILLION) 169
 
12 COMPETITIVE LANDSCAPE 170
12.1 OVERVIEW 170
12.2 KEY PLAYER STRATEGIES 170
TABLE 101 OVERVIEW OF KEY STRATEGIES DEPLOYED BY TOP PLAYERS, APRIL 2019–APRIL 2022 170
12.3 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS 173
TABLE 102 GAS INSULATED SWITCHGEAR MARKET: DEGREE OF COMPETITION 173
FIGURE 44 GAS-INSULATED SWITCHGEAR MARKET SHARE ANALYSIS, 2021 174
12.4 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS 175
FIGURE 45 TOP PLAYERS IN GAS-INSULATED SWITCHGEAR MARKET, 2017–2021 175
12.5 COMPANY EVALUATION QUADRANT 176
12.5.1 STARS 176
12.5.2 PERVASIVE PLAYERS 176
12.5.3 EMERGING LEADERS 176
12.5.4 PARTICIPANTS 176
FIGURE 46 COMPETITIVE LEADERSHIP MAPPING: GAS-INSULATED SWITCHGEAR MARKET, 2021 177
12.6 START-UP/SME EVALUATION QUADRANT, 2021 178
12.6.1 PROGRESSIVE COMPANIES 178
12.6.2 RESPONSIVE COMPANIES 178
12.6.3 DYNAMIC COMPANIES 178
12.6.4 STARTING BLOCKS 178
FIGURE 47 GAS-INSULATED SWITCHGEAR MARKET: START-UP/SME EVALUATION QUADRANT, 2021 179
12.6.5 COMPETITIVE BENCHMARKING 180
TABLE 103 GAS-INSULATED SWITCHGEAR MARKET: DETAILED LIST OF KEY START-UPS/SMES 180
TABLE 104 GAS-INSULATED SWITCHGEAR MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS (START-UPS/SMES) 181
12.7 GAS-INSULATED SWITCHGEAR MARKET: COMPANY FOOTPRINT 182
TABLE 105 COMPANY FOOTPRINT: BY INSULATION TYPE 182
TABLE 106 COMPANY FOOTPRINT: BY VOLTAGE RATING 183
TABLE 107 COMPANY FOOTPRINT: BY INSTALLATION 184
TABLE 108 COMPANY FOOTPRINT: BY CONFIGURATION 185
TABLE 109 COMPANY FOOTPRINT: BY END USER 186
TABLE 110 BY REGION: COMPANY FOOTPRINT 187
TABLE 111 OVERALL COMPANY FOOTPRINT 188
12.8 COMPETITIVE SCENARIO 189
TABLE 112 GAS-INSULATED SWITCHGEAR MARKET: PRODUCT LAUNCHES, AUGUST 2020–MARCH 2022 189
TABLE 113 GAS-INSULATED SWITCHGEAR MARKET: DEALS, OCTOBER 2021–APRIL 2022 190
TABLE 114 GAS-INSULATED SWITCHGEAR MARKET: OTHER DEVELOPMENTS, APRIL 2019–APRIL 2022 195
13 COMPANY PROFILES 197
13.1 INTRODUCTION 197
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
13.2 KEY PLAYERS 198
13.2.1 ABB 198
TABLE 115 ABB: BUSINESS OVERVIEW 198
FIGURE 48 ABB: COMPANY SNAPSHOT (2021) 199
TABLE 116 ABB: PRODUCTS OFFERED 199
TABLE 117 ABB: PRODUCT LAUNCHES 201
TABLE 118 ABB.: DEALS 202
TABLE 119 ABB: OTHERS 203
13.2.2 SCHNEIDER ELECTRIC 205
TABLE 120 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW 205
FIGURE 49 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT (2021) 206
TABLE 121 SCHNEIDER ELECTRIC: PRODUCTS OFFERED 206
TABLE 122 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES 208
TABLE 123 SCHNEIDER ELECTRIC: OTHERS 209
13.2.3 GENERAL ELECTRIC 210
TABLE 124 GENERAL ELECTRIC: BUSINESS OVERVIEW 210
FIGURE 50 GENERAL ELECTRIC: COMPANY SNAPSHOT (2021) 211
TABLE 125 GENERAL ELECTRIC: PRODUCTS OFFERED 211
TABLE 126 GENERAL ELECTRIC: PRODUCT LAUNCHES 212
TABLE 127 GENERAL ELECTRIC: DEALS 212
TABLE 128 GENERAL ELECTRIC: OTHERS 215
13.2.4 SIEMENS 217
TABLE 129 SIEMENS: BUSINESS OVERVIEW 217
FIGURE 51 SIEMENS: COMPANY SNAPSHOT (2021) 218
TABLE 130 SIEMENS: PRODUCTS OFFERED 218
TABLE 131 SIEMENS: PRODUCT LAUNCHES 220
TABLE 132 SIEMENS: DEALS 221
TABLE 133 SIEMENS: OTHERS 222
13.2.5 EATON CORPORATION 224
TABLE 134 EATON CORPORATION: BUSINESS OVERVIEW 224
FIGURE 52 EATON CORPORATION: COMPANY SNAPSHOT (2021) 225
TABLE 135 EATON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 225
TABLE 136 EATON CORPORATION: PRODUCT LAUNCHES 226
TABLE 137 EATON CORPORATION: DEALS 226
13.2.6 MITSUBISHI ELECTRIC 228
TABLE 138 MITSUBISHI ELECTRIC: BUSINESS OVERVIEW 228
FIGURE 53 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT (2021) 229
TABLE 139 MITSUBISHI ELECTRIC: PRODUCTS OFFERED 229
TABLE 140 MITSUBISHI ELECTRIC: PRODUCT LAUNCHES 231
13.2.7 HITACHI 232
TABLE 141 HITACHI: BUSINESS OVERVIEW 232
FIGURE 54 HITACHI: COMPANY SNAPSHOT (2021) 233
TABLE 142 HITACHI: PRODUCTS/SOLUTIONS/SERVICES OFFERED 233
13.2.8 HYUNDAI ELECTRIC 235
TABLE 143 HYUNDAI ELECTRIC: BUSINESS OVERVIEW 235
FIGURE 55 HYUNDAI ELECTRIC: COMPANY SNAPSHOT (2021) 235
TABLE 144 HYUNDAI ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 236
13.2.9 FUJI ELECTRIC 237
TABLE 145 FUJI ELECTRIC: BUSINESS OVERVIEW 237
FIGURE 56 FUJI ELECTRIC: COMPANY SNAPSHOT (2021) 238
TABLE 146 FUJI ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 238
TABLE 147 FUJI ELECTRIC: DEALS 240
TABLE 148 FUJI ELECTRIC: OTHERS 240
13.2.10 CG POWER AND INDUSTRIAL SOLUTIONS 241
TABLE 149 CG POWER AND INDUSTRIAL SOLUTIONS: BUSINESS OVERVIEW 241
FIGURE 57 CG POWER AND INDUSTRIAL SOLUTIONS: COMPANY SNAPSHOT (2021) 242
TABLE 150 CG POWER AND INDUSTRIAL SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 242
13.2.11 NISSIN ELECTRIC 244
TABLE 151 NISSIN ELECTRIC: BUSINESS OVERVIEW 244
FIGURE 58 NISSIN ELECTRIC: COMPANY SNAPSHOT (2021) 245
TABLE 152 NISSIN ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 245
TABLE 153 NISSIN ELECTRIC: OTHERS 247
13.2.12 MEIDENSHA CORPORATION 248
TABLE 154 MEIDENSHA CORPORATION: BUSINESS OVERVIEW 248
FIGURE 59 MEIDENSHA CORPORATION: COMPANY SNAPSHOT (2021) 249
TABLE 155 MEIDENSHA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 249
13.2.13 POWELL INDUSTRIES 251
TABLE 156 POWELL INDUSTRIES: BUSINESS OVERVIEW 251
FIGURE 60 POWELL: COMPANY SNAPSHOT (2021) 251
TABLE 157 POWELL INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 252
TABLE 158 DEALS 252
13.2.14 HYOSUNG HEAVY INDUSTRIES 253
TABLE 159 HYOSUNG HEAVY INDUSTRIES: BUSINESS OVERVIEW 253
FIGURE 61 HYOSUNG HEAVY INDUSTRIES: COMPANY SNAPSHOT (2021) 254
TABLE 160 HYOSUNG HEAVY INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 254
TABLE 161 HYOSUNG HEAVY INDUSTRIES: PRODUCT LAUNCHES 255
13.2.15 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION 256
TABLE 162 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY OVERVIEW 256
FIGURE 62 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY SNAPSHOT (2021) 257
TABLE 163 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 257
TABLE 164 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: DEALS 258
TABLE 165 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: OTHERS 258
13.3 OTHER PLAYERS 260
13.3.1 LUCY ELECTRIC 260
13.3.2 ELEKTROBUDOWA 261
13.3.3 CHINT 262
13.3.4 SEL S.P.A. 263
13.3.5 ILJIN ELECTRIC 264
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
14 APPENDIX 265
14.1 INSIGHTS FROM INDUSTRY EXPERTS 265
14.2 DISCUSSION GUIDE 266
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 271
14.4 CUSTOMIZATION OPTIONS 273
14.5 RELATED REPORTS 273
14.6 AUTHOR DETAILS 274