Growing Demand for GIS from Renewable Energy and Smart Grid Development
Market Overview The global Gas insulated substation Market has predicted to meet the market value at a CAGR of 19.50% for the forecast period. The increasing implementation of smart metering and smart grid technologies is leading to rapid improvement in the power distribution sector, where the medium voltage gas demand is increasing. These voltage segments are widely used in the distribution sector, where a big issue can be space. Therefore, the end-users are requiring the most efficient and economical solutions and the best utilization of space, which can be fulfilled with the compact design of gas insulated substation. In the urban areas, the 70% minimization of the substation’s space requirement through the low maintenance of gas insulated substation is enabling the gas insulated substation to be installed indoors only. Further, the indoor gas insulated substation segment can enhance the Gas insulated substation Market Growth for the forecast period. The gas insulated sub...