Hitachi Energy Ltd. to launch OceaniQ, an innovative solution for the offshore environment in Europe. It will majorly focus on the deployment of wind energy generation in the region.
ABB Ltd. announced the launch of its first digital grids at the CIRED in Madrid, Spain. ABB also demonstrated its complete portfolio of safe, efficient, and digital product offerings.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 4044
Published Date: May 02, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The growing electricity consumption and demand across the globe are estimated to boost market growth.
The market size of the gas-insulated substation is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2023-2035.
Lack of awareness and slow adoption process of grid infrastructure is estimated to hamper the market growth.
Asia Pacific is estimated to create notable growth opportunities for market growth over the forecast period.
The major players in the market are ABB Ltd., Johnson Controls International plc, Honeywell International Inc., Energate, Inc, Yokogawa Electric Corporation, Schneider Electric, and Others.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by application, voltage type, end user, installation, and by region.
The high segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.