Global Gas Insulated Substation Market Scenario
The
global gas insulated substation
market was analyzed by Market Research Future (MRFR) and it was
projected that an impressive CAGR of 19.50% will be attained by the market over
the forecast period of 2018 to 2023. The valuation of the gas insulated substation market was
further stated to surpass its previous valuation by the end of the forecast
period.
The major component of
gas insulated substation consist 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.
Industry
Highlights
Gas
insulated substation is referred to as a compact and multi-component assembly,
one which is enclosed in a ground metallic housing. The gas insulated
substation consists of major components like feeder disconnector, earthing
switch, busbar, circuit breaker, cable termination, current transformer, and
control panel. The primary advantages of such substations are its reliability,
compact size, free of maintenance, less outages, and high flexibility. The
market is driven by the non-availability of sufficient space as gas insulated
substation requires compact space. These substations have applications in urban
infrastructure, high voltage installations, and urban installations.
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.
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.
Competitive
Landscape
The
global gas insulated substation market
comprises a host of key players. This
includes names like ABB Ltd. (Switzerland), Toshiba Corporation (Japan),
Crompton Greaves (India), Hyundai Heavy Industries (South Korea), Siemens AG
(Germany), Hyosung Corporation (South Korea), Fuji Electric Co. Ltd (Japan),
Larsen & Toubro (India), Hitachi Ltd. (Japan), Schneider Electric (France),
Mitsubishi Electric Company (Japan), General Electric (US), and others.
Global
Gas Insulated Substation Market Segmentation:
The
global gas insulated substation market has been segmented in terms of voltage,
end-user, and installation.
By
Voltage
- Medium
Voltage
- High
Voltage
- Extra
High Voltage
- Ultra-High
Voltage
By
Installation
- Indoor
- Outdoor
By
End-User
- Power Distribution
- Power
Transmission
- Power
Generation
- Infrastructure
& Transportation
- Industries
By
Regions
- North
America
- Asia-Pacific
- Europe
- Middle
East & Africa
- South
America
Regional Analysis
The
global gas insulated substation market
is geographically distributed across the following key regions: Asia
Pacific, North America, Europe, and the Rest of the World (RoW).
Regionally,
Asia Pacific leads the global gas insulated substation market as per the 2017
study. The regionally market is expected to continue its lead over the market
during the forecast period as well. Factors like government mandates on energy
efficiency, upgradation of ageing hydropower plants, increasing consumption of
power and rising influx of renewable resources in the energy mix are all
contributing to the growth of the Asia Pacific regional market. The North
American region stands second in the global gas insulated substation market and
is anticipated to retain the positioning over the forecast period.
Industry Buzz:
·
July 2019,
the Nigerian government has inked down a partnership agreement on Nigeria Electrification Roadmap (NER)
with Siemens AG, a leading German automation company, in order to upgrade the
power transmission & distribution infrastructure of the country that is
facing major power supply issues. The deal will see close to 7000 megawatts
being generated by Siemens by 2021.
·
June 2019,
construction work began for the first-ever gas insulated power station in
Ranchi, India. Projected to take 18 months to build the substation, the gas
insulated power station will be constructed with the help of the latest
technologies.
Get Summary of Gas Insulated
Substation Market Report are: https://www.marketresearchfuture.com/reports/gas-insulated-substation-market-7011
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