Global demand for gas-insulated switches is expected to reach $16.9 billion in 2020

According to the latest research report released by Markets and Markets, the global gas-insulated switch market demand is expected to reach $16.
9 billion in 2020.

This figure is expected to increase to $26.
5 billion by 2025 with increasing electricity demand, with a CAGR of 9.
5%
during the period.

The SF6 segment is expected to constitute a major share
of the gas-insulated switchgear market.
Gas-insulated switchgear use a sulfur hexafluoride dielectric (also known as SF6) for phase-to-phase and relative insulation
at moderate pressures.
High voltage conductors, interrupters, circuit breakers, switches, voltage transformers and current transformers are located in
SF6 inside a metal housing.
The growth in global electricity demand is expected to drive the demand for gas-insulated switchgear in various industries, such as power distribution equipment, transmission equipment, and power generation equipment
.

However, due to COVID-19, the negative growth rate of US manufacturing in the first quarter was -2.
45%, compared to -3.
25%
in China.
The manufacturing sector in India, Japan and Europe saw negative growth of -3.
98%, 2.
77% and -2.
89%
respectively.

By end-user, the utility transmission segment is expected to be the most important market for gas-insulated switchgear during
the forecast period.
Due to the growth in global electricity production and consumption, the transmission sector holds the largest share
of the gas-insulated switchgear market.
The growing demand for power will require the expansion of transmission systems, increasing the demand
for electrical components such as gas-insulated switchgear.
But utilities were at a standstill due to COVID-19 lockdowns, which took a toll
on the company.
This has a negative impact
on the growth of the gas-insulated switchgear market.

By insulation type, the SF6 segment is expected to hold the largest market share
during the forecast period.
SF6-filled gas-insulated switchgear is superior to space-constrained air-insulated switchgear because air-insulated switchgear requires several meters of air as an insulating medium to complete the work of SF6-filled switchgear in the centimeter range
.
Therefore, gas-insulated switchgear filled with SF6 can be up to 10 times
smaller than air-insulated switchgear.
Most existing and new gas-insulated switchgear use SF6 gas as a dielectric
.
Therefore, the demand for gas-insulated switchgear is expected to grow due to
space constraints in urban areas.

Asia Pacific is expected to dominate the global gas-insulated switchgear market
during the forecast period.
The rapid growth of electricity demand, the increase in power generation capacity in developing countries such as India and China, and the growth of the industrial and commercial sectors will lead to an increase
in the number of substations.
The growth in the number of substations will drive the demand for
gas-insulated switchgear in Asia Pacific.

However, over the past two months, COVID-19 has had a negative impact
on the global power industry.
The electricity demand curve has taken on a new shape, mainly in countries
with a high impact from COVID-19.
The drop in electricity demand is due to lockdowns
imposed by countries to curb the spread of the virus.
This will negatively
impact the growth of the gas-insulated switchgear market for quite some time.

In terms of suppliers, ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton Electric (Ireland) and General Electric (USA) will become the world's leading manufacturers of gas-insulated switchgear during
the forecast period.