High-Voltage Switchgear Market: Size Will Observe Substantial Growth By 2019 - 2027

-

 According to a new report published by Transparency Market Research, the global high-voltage switchgear market is projected to reach US$ 18,898.7 Mn by 2026, expanding at a CAGR of 5.0% from 2018 to 2026. The global market is expected to be influenced by a range of macroeconomic and industry-specific factors during the forecast period. Demand for high-voltage switchgear is likely to be significant in Asia Pacific from 2018 to 2026.The market in the region is anticipated to expand at a CAGR of 5.4% during the forecast period.

Grid Modernization to Reform Electricity Transmission and Distribution Network Drives the Market

Demand for high-voltage switchgear depends on expansion of the electricity transmission and distribution network. Hence, increase in government initiatives for the modernization of existing transmission and distribution network is expected to propel demand for high-voltage switchgears during the forecast period.

Global High-Voltage Switchgear Market: Scope of the Report

The global high-voltage switchgear market has been segmented based on product standard, component, insulation, application, and region. In terms of product standard, the global market has been classified into IEC, ANSI, and Others. The ANSI segment is projected to account for the largest market share during the forecast period. The segment is driven by increase in adoption of ANSI standard electrical equipment. ANSI standard specifies sheet metal thickness, paint color, barriers, and other features to ensure consistency of equipment from various manufacturers. Based on component, the global high-voltage switchgear market has been categorized into circuit breakers, relays, and others. Demand for circuit breakers in developed as well as developing countries is driven by increasing electrification in countries in Asia Pacific and Africa. Circuit breakers is expected to be the largest segment during the forecast period.

For More Details, Request A Sample Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=45678

In terms of insulation, the global high-voltage switchgear market has been divided into air-insulated switchgears (AIS), gas-insulated switchgears (GIS), and others (oil and vacuum). Gas-insulated is expected to be the most preferred switchgear across the world. Air-insulated switchgears are expected to substitute gas-insulated switchgears in a few applications. However, gas-insulated switchgears have several benefits over air-insulated switchgears.

The physical size and design of gas-insulated switchgears offer higher reliability and flexibility. Moreover, gas enclosed design makes GIS the most suitable solution for indoor and underground substations. The maintenance cost of GIS is also minimal, because the busbars and switching units are completely sealed, thereby limiting the need for insulation cleaning and user intervention. Usage of sulfur hexachloride (SF6) gas is expected to drive the GIS segment, as this gas has high dielectric property compared to air and acts as an insulating medium in high-voltage or extra high-voltage switchgear equipment. However, SF6 is a greenhouse gas and has a significant impact on global warming. It is one of the six gasses listed in the 1997 Kyoto Protocol designed to lower greenhouse gas emissions across the globe.

Comments

Post a Comment

Popular posts from this blog

Oil and Gas Terminal Automation Market: To Reflect Impressive Growth Rate By 2019 - 2027

-
  Global  Oil and Gas Terminal Automation Market : Overview A sturdy growth rate, compounded annually, will be recorded in the global oil and gas terminal market, states Transparency market Research (TMR), for the period of 2019 to 2027. It will be driven forward on to a high growth trajectory at the back of a number of growth factors. Some of these are low oil prices and growing demand for natural gas across a number of varied industry verticals. Demand for oil and gas will also be pushed up by growing population for its energy and fuel needs. This in turn will require more exploration, extraction, better storage and robust distribution. And, this again would lead to demand for oil and gas terminal automation. Therefore, the market will be rife with new opportunities of growth in this period. And, as per TMR, the players would do their best to make the most of these. Global Oil and Gas Terminal Automation Market: Competitive Landscape Global oil and gas terminal automation ma...
Read more

Architectural LED Products Market: Size, Analytical Overview, Growth Factors, Demand, Trends And Forecast To 2018 - 2026

-
  Global Architectural LED Products Market: Overview  Safety is one of the key concern in architectural spaces, which is important to recognize the need for acceptable architectural lighting. Proper architectural lighting has a vital role for people occupying the architectural space. Additionally, architectural lighting attracts the person’s attention and enables the architectures for serving its true purpose with enhanced features.  The  architectural LED products market  report involves some of the insightful predictions over the scope of the market and some prospects over growth. The new report from Transparency Market Research (TMR) on the architectural LED products market offers the thorough analysis of market segmentation and involves the past revenue and future forecasts. The report offers numerous key strategies adopted by key players coupled with some prominent trends, which are impacting on the growth. Along with this, it explains important information...
Read more

Impact Sensing Door Unlock System Market will Generate New Growth Opportunities By 2019 - 2027

-
  Impact Sensing Door Unlock System : Introduction The impact sensing door unlock system unlocks the door automatically without a key, it can be operated through a mobile application. The impact sensing door unlock system consists of sensors and an electronic control unit, wherein the sensors receive a signal from the wireless system and transmits that signal to the electronic control unit. The electronic control unit is wired to the central lock, which in turn unlocks or locks all the doors of the vehicle. Key Drivers of Impact Sensing Door Unlock System Market Rise in demand for safety and security features in a vehicle is estimated to boost the impact sensing door unlock system market. Every vehicle manufacturer is trying to boost the integration of advanced safety features, including center locking system with impact sensing door unlock system that is activated through a mobile application. This in turn is projected to fuel the demand for the impact sensing door unlock system. ...
Read more