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Published Date: July, 2019

Gas-Insulated Substation Market (Voltage - Medium Voltage, High Voltage, Extra High Voltage, and Ultra-high Voltage; Installation - Indoor, and Outdoor; End-user - Power Distribution, Power Transmission, Power Generation, and Infrastructure & Transportation Industries): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

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A recent report published by Infinium Global Research on gas-insulated substation market provides an in-depth analysis of segments and sub-segments in the global as well as regional gas-insulated substation market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional gas-insulated substation market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global gas-insulated substation market. According to the report, the global gas-insulated substation market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.

Market Insight

Modern gas-insulated substation technology has undergone continuous development since its introduction. The focus on substation and switchgear that require less space is increased due to the rising focus on conserving right of way and ensuring uninterrupted power supply. The technology, economics, and environmental sustainability all come together to create some very real design challenges for Gas-Insulated Substations (GIS) in the year 2016. Gas-insulated switchgear using substations must make the highest return on investment while provoking those challenges. This requires defeating overall cost, growing reliability, maintaining operational flexibility, and handling the environmental impact of their operations.

Growing population coupled with rapid industrialization and rising demand for efficient energy sources are the major growth factors of the gas-insulated substation market. Furthermore, the factors such as dependable power source coupled with reduced geographical area and need of compact power source will stimulate the market growth. Components of the gas-insulated substation include high-voltage conductors, circuit breakers, voltage transformers, current transformers and switches that are summarized in a single grounded metal enclosure that greatly reduces the size of the power plant and can be installed in most compact spaces. Sulphur Hexafluoride (SF6) is a major component due to superior dielectric properties than air-insulated substation.  Rising environmental concerns and scarcity of land in cosmopolitan areas are fueling the growth of the gas-insulated substation market. However, High cost compared to traditional power substations restrains the growth of the market. Moreover, the development of an environment-friendly alternative to sf6 gas is anticipated to provide growth opportunities to the market players.

Geographically, Asia Pacific dominates the global gas-insulated substation market due to increasing energy demand in developing countries such as China, India, Thailand, Japan, Indonesia, and Vietnam. Japan was the leading country to install gas-insulated substations as the country has confined space for developments. North America has significant growth in the forecasted period owing to increasing investment in power infrastructural development in this region.

Segment Covered

The report on global gas-insulated substation market covers segments such as voltage, installation, and end-user. On the basis of voltage, the sub-markets include medium voltage, high voltage, extra high voltage, and ultra-high voltage. On the basis of installation, the sub-markets include indoor, and outdoor. On the basis of end-user, the sub-markets include power distribution, power transmission, power generation, and infrastructure & transportation industries. 

Companies Profiled:

The report provides profiles of the companies in the market such as Fuji Electric Co., Ltd., ABB, Hitachi, Ltd., Schneider Electric SE, General Electric (GE), Mitsubishi Electric Corporation, Toshiba Corporation, Eaton Corporation plc., Siemens AG, Crompton Greaves Ltd., and Other companies. 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of gas-insulated substation market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.

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