Gas Insulated Substation
Market Highlights
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. 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.
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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 detailed analysis report of COVID-19 impact on Gas Insulated Substation Market Size is provided with the
report.
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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