Gas Insulated
Substation Market Highlights
Gas insulated substation is a compact and multi-component assembly which
is enclosed in a ground metallic housing. The global gas insulated substation
market is estimated to expand at 19.5% CAGR during the forecast period.
A gas insulated substation is a substation which is structured in a
sealed environment with sulfur hexafluoride as the insulating medium. The major
component of gas insulated substation consists of busbar, circuit breaker,
earthing switch, current transformer, feeder disconnector, cable termination,
and control panel. The main advantages of gas insulated substation include
compact size, high flexibility and reliability, less outages, and maintenance
free. Moreover, factor such as non-availability of sufficient space also drive
the market of gas insulated substation which requires very compact space. These
substations find their application in high voltage installations, urban
installation, and urban infrastructure, among others.
The growing demand for gas insulated substation is attributed to
increasing environmental concerns. Moreover, less space in urban areas is also
driving the market for gas insulated substation. One of the major restraints of
the gas insulated substation is the lack of sufficient land infrastructure to
set up new gas insulated substations.
A gas-insulated substation uses a superior dielectric gas and SF6 at
moderate pressure for phase-to-phase and phase-to-ground insulation. The major
components inside the grounded metal enclosures include high voltage
conductors, circuit breaker interrupters, switches, current transformers, and
voltage transformers. These substations find its application mainly in utilities
and industries. These substations are generally compact and are multi-component
assembly.
Industry
Segmentation
The market for gas insulated substation is segmented based on end-user as
power distribution, power transmission, power generation, infrastructure &
transportation, and industries. Power distribution segment dominates the market
as gas insulated substations create a new opportunity for power distribution
utility providers where space constraint is a challenge. These kinds of
substations are compact in size, thus overcome the major challenge of space
constraint.
Leading Players
The key players of the global gas insulated substation market are Toshiba
Corporation (Japan), Siemens AG (Germany), Fuji Electric Co. Ltd (Japan),
Crompton Greaves (India), Hitachi Ltd. (Japan), ABB Ltd. (Switzerland),
Schneider Electric (France), Larsen & Toubro (India), General Electric
(US), Hyundai Heavy Industries (South Korea), Hyosung Corporation (South
Korea), and Mitsubishi Electric Company (Japan).
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Scope of the
Report
This research report provides insights into various levels of analysis,
such as industry analysis and market share analysis for the leading industry
competitors, along with their profiles. It also helps in studying the target
segments by providing views on the emerging & high-growth segments. The market
data comprises the basic assessment of the competitive scenarios and strategies
in the global Gas insulated substation market, including high-growth regions
and/or countries, and political and economic environments. The project report
further provides both – historical market values and pricing & cost
analysis.
Regional Outlook
Region wise, Asia Pacific held the largest market share of the global gas
insulated substation market in 2017. It is also estimated that Asia-Pacific
region would also be the fastest growing market during the forecast period.
Moreover, factors such as increased power consumption, government mandates on
energy efficiency, rising influx of renewable resources in the energy mix, and
upgradation of ageing hydropower plants in Asia-Pacific are driving the market
for global gas insulated substation.
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