Gas Insulated Substation Market Trends, Revenue Share & Opportunity Status Analyzed during 2019 to 2025

1. Gas Insulated Substation Market Gas Insulated Substation Market to 2025 – Global Analysis and Forecasts by Voltage Types (High Voltage & Ultra High Voltage) & Application (Power Transmission and Distribution & Manufacturing and Processing)

2. Gas Insulated Substation Market The global gas insulated substation market is expectant to reach US$ 41,059.8 million by 2025 as compared to US$ 15,416.1 million in 2016, escalating at a CAGR of 19.4% during the forecast period from 2017 to 2025. Gas insulated substations are one kind of power generation and distribution centers used for transmitting electricity using a human made gas known as Sulphur hexafluoride (SF6). There are two types of gas insulated substations such stationery and mobile gas insulated substations. The market for gas insulated substations is poised to grow over the years owing to the huge demand for power generation in the urban areas where the availability of space is limited to accommodate air insulated substations. Furthermore, the established companies as well as the emerging companies in the industry are researching on development of robust technologies in order to enhance the operation of gas insulated substations and meet the surging demand for power generation. The South America gas insulated substation market region is expected to witness a CAGR growth rate of 16.9% in the coming years. The world is experiencing a significant rise in demand for energy efficient power generation systems as the power consumption has increased heavily over the past decades.

3. Gas Insulated Substation Market Market Insights It is anticipated that, the power consumption will grow further with the increased usage of electronic gadgets, vehicles, and electronic appliances in the developed countries as well as in few developing countries. This has led to adoption of gas insulated substations (GIS), which is highly energy efficient and can transmit more than 5 times of power as compared to the conventional system which is air insulated substation. The gas used in gas insulated substations is sulphur hexafluoride (SF6). This gas is highly energy efficient and owing to this benefit, the end users are rapidly adopting these gas insulated substations for new installations as well as up gradation of traditional substations in order to meet the surging demand for power generation. Subsequently, driving the growth for gas insulated substation market in the coming years. The demand for mobile gas insulated substations has gained significant traction in the global gas insulated substation market across different region in order to generate maximum power in areas with confined lands. The major advantage of gas insulated substations is the compact size of the system over air insulated substations.

4. Gas Insulated Substation Market Strategic Insight 2017: Siemens supplies two Gas-Insulated high-voltage switchgear (GIS) for the Rogun hydropower plant in Tajikistan. This solution would prevent from short circuits and overloading during the power generation and transmission process. 2016: Verimatrix and Access Co., Ltd. has extended their partnership to secure and improve the convergence of IP services and traditional broadcast infrastructure. Access Co., Ltd. is a Japan based company that provides a range of software for mobile and connected devices. 2016: GE and LSIS, a solution provider of electric power system, automation, and Smart grid solutions, signed a Memorandum of Understanding (MoU) for cooperation in power, smart energy, and smart factory solutions. As a part of MoU, both companies are expected to co-develop SF6 free power equipment for 400 kV Gas Insulated Busducts (GIB) and 170 kV Gas Insulated Substations (GIS).

5. Gas Insulated Substation Market Leading Players The leading players in Gas Insulated Substation Market are: 1. Schneider Electric SE 2. Siemens AG 3. ABB Group 4. Eaton Corporation Limited 5. Mitsubishi Electric Corporation 6. General Electric 7. Crompton Greaves Limited 8. Toshiba Corporation 9. Alstom SA 10. Nissin Electric Co. Ltd. Get sample PDF copy @: https://www.theinsightpartners.com/sample/TIPTE100000459/

6. Exhibit: Gas Insulated Substation Market by Region

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