Gas Insulated Substation Market: 2021 COVID-19 Impact Sales Revenue, Development Strategy, Growth Potential, Analysis and Business Distribution

 

Market Highlights

Gas insulated substation is a compact and multi-component assembly which is enclosed in a ground metallic housing. It is a significant component of power system infrastructure that uses a superior dielectric gas, and sulfur hexafluoride (SF6). 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.  

Based on voltage, the market is segmented into medium voltage, high voltage, extra-high voltage, and ultra-high voltage. Medium voltage gas insulated substation segment dominates the market due to rapid improvement in the power distribution sector through the implementation of smart grid and smart metering technologies. Moreover, these substations are majorly used in distribution sector where space is a big issue. Therefore, the compact design of gas insulated substation allows the best utilization of space and offers most efficient and economical solutions to the end-users.     

The global gas insulated substation market is expected to grow at 19.50% CAGR during the forecast period.

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Market Research Analysis

Asia Pacific is estimated to be the fastest growing market for gas insulated substation.

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.  

Scope of the Report

This report provides an in-depth analysis of the global gas insulated substation market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the gas insulated substation market by its voltage, installation, end-user, and by region.

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

 

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Key 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). 

 

About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR’s methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

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