A gas insulated substation (GIS) is defined as a high voltage substation in which the primary structures are enclosed in a sealed environment and the insulating medium is Sulphur Hexafluoride (SF6) gas. The Gas Insulated Substation is a small, multi-component assembly housed in a ground metallic housing. At sufficient pressure, SF6 gas has exceptional dielectric characteristics that can be used for phase to phase and phase to ground insulation.
Gas Insulated Substation Market Overview:
The fundamental purpose of this research is to help the user understand the Gas Insulated Substation Market in terms of definition, segmentation, market potential, significant trends, and the issues that the Gas Insulated Substation industry faces in key areas and countries. Market figures and information were gathered from reliable sources such as websites, annual reports of businesses, journals, and so on, and were then checked and validated by industry professionals.
Gas Insulated Substation Market size is expected to reach US$ 49.05 Bn by 2029, at a CAGR of 8.95% during the forecast period.
Gas Insulated Substation Market Report Scope and Research Methodology:
Market figures and information were gathered from reliable sources such as websites, annual reports of businesses, journals, and so on, and were then checked and validated by industry professionals.
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Gas Insulated Substation Market Drivers:
Gas insulated substations are regarded more environmentally friendly than air insulated substations, which are responsible for rising levels of environmental pollution. Furthermore, they are thought to be more efficient, have higher safety concerns, are more reliable, and have a longer life period than air insulated substations. Furthermore, Gas Insulated Substation is an excellent example of a small and low-maintenance power system, which is expected to be a major driving force for market expansion throughout the forecast period. Periodically, demand for compact power systems rises, increasing the popularity of Gas Insulated Substation, which is projected to fuel Global gas insulated substation market expansion over the forecasted years due to qualities such as compatibility to fit in a building.
Gas Insulated Substation Market Segmentation:
by Installation
• Indoor
• Outdoor
by Voltage Rating
• Medium voltage (Up to 72.5 kV)
• High Voltage (72.5 kV – 220 kV)
• Extra High Voltage (220 kV – 765 kV)
by End User
• Power transmission utility
• Power distribution utility
• Power generation utility
• Other (heavy industries & railways)
By end user, the sub segment power transmission utility is expected to have the biggest market share of the gas-insulated substation. The installation of transmission lines, which leads to the addition of high voltage substations, is a major driver of power transmission utility.
Key Players:
The analysis examines the industry’s main market participants, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key participants in the Gas Insulated Substation market are as follows:
• ABB (Switzerland),
• Siemens (Germany),
• Hitachi (Japan),
• Toshiba Corporation (Japan),
• General Electric (US),
• L&T (India)
• CG Power and Industrial Solutions Ltd.
• Eaton Corporation PLC
• Hyosung Corporation
• Mitsubishi Electric Corporation
• Nissin Electric Co. Ltd.
• Schneider Electric SE
• Cevian Capital
• BlackRock
• Investor AB
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Regional Analysis:
The report focuses on Regions and Market Size of Gas Insulated Substation , and development forecast 2021-2027, including industries, major players, suppliers globally, and market share by regions, with company and product introductions, market position including market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Gas Insulated Substation Market:
The report addresses the consequences of COVID-19: Since the COVID-19 virus emerged in December 2019, the sickness has spread to nearly every country on the earth, causing the World Health Organisation to designate it a public health catastrophe. The global impacts of the coronavirus outbreak are already being felt, and they will have a significant impact on the Gas Insulated Substation sector in 2021.
Key Questions answered in the Gas Insulated Substation Market Report are:
What is the function of Gas Insulated Substation ?
What is the predicted revenue generation of the Gas Insulated Substation market?
At what growth rate is the Gas Insulated Substation market evolving?
Who are the major market giants operating in the Gas Insulated Substation market?
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