The growth in demand for renewable forms of energy has been one of the key factors for the growth of gas insulated switchgears market. The global gas insulated switchgears market is projected to cross revenues of US$ 30 Bn by 2028, at a CAGR of more than 8%. Effective solutions offered by gas insulated switchgears include space constraints and safety attributes, to the transmission and distribution sector has been further augmenting its market growth. The rapidly growing commercial and industrial sectors have led to a constant demand for low voltage gas insulated switchgears. Asia-Pacific accounts for the highest revenues in the gas insulated switchgears market, followed by North America and Europe. The large population in Asia-Pacific, which is constantly multiplying has been the key reason for the growth of gas insulated switchgears market in the region.

Gas insulated switchgears demand from power distribution sector to grow at highest pace

The key end-users for gas insulated switchgears include power transmission, power distribution, power generation, railway and urban transportation and industrial grids. Among them, the demand from power distribution sector is projected to grow at highest pace during the forecast period. Based on voltage, the gas insulated switchgears market can be categorized into distribution voltage, medium voltage (550kV). The gas insulated switchgear market for medium voltage segment is expected to witness highest growth during the forecast period. Based on installation, the indoor gas insulated switchgear market is expected to grow at the highest CAGR, while the other installation type being outdoor installation.      

Claim Sample Report For FREE: [URL]https://www.factmr.com/connectus/sample?flag=S&rep_id=2627[/URL]