As per this study the Global Gas Insulated Substation Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%.
Gas insulated substation is the power substation where all major structures are sealed and housed in the metal enclosure filled with sulfur hexafluoride gas. The important structures such as high voltage conductors, switches, transformers, etc. are sealed to protect them from deterioration caused by moisture, contamination, and other external factors.
The ever-rising demand for electricity with rising projects for renewable energy generation and an increase in funding for advancement in transmission & distribution infrastructure is driving the market growth. Also, the rise in need for low maintenance & high voltage providing power system is further fueling the market growth. On the contrary side, the high cost of gas insulated substations is restraining the growth of this market.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of gas-insulated substation.
The broad gas insulated substation market has been sub-grouped into voltage, installation and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Medium Voltage
- High Voltage
- Extra High Voltage
- Power Transmission Utility
- Power Distribution Utility
- Power Generation Utility
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for gas insulated substation in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Gas Insulated Substation Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the gas insulated substation market include ABB, Bharat Heavy Electricals Limited, CG Power and Industrial Solutions, Elsewedy Electric, General Electric, Hitachi, Hyosung, Larsen & Toubro, Mitsubishi Electric, Siemens AG, Tbea Co. Ltd., and Toshiba Corporation among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.