Gas Insulated Substation Market Status, Growth Rate, Business Opportunities and Emerging Technologies 2023

Global gas insulated substation market has been segmented based on voltage, installation, end-user, and region.

ID: 1556162
recent pressrelease next pressrelease

(businesspress24) - Gas Insulated Substation Market Overview

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.

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.

Market Segmentation

The global gas insulated substation market has been segmented in terms of voltage, end-user, and installation.

By voltage, the market is segmented into high voltage, extra-high voltage, medium voltage, and ultra-high voltage. The medium voltage gas insulated substation segment holds the dominant position in the global gas insulated substation market. The segment enjoys a majority of the market share due to the fast-paced improvement in the power distribution sector with the implementation of smart metering and smart grid technologies. Add to this, these substations are majorly used in the distribution industry, wherein space is a major issue.

By installation, the market divides into outdoor and indoor segments. The indoor segment is expected to enjoy the highest share in the global market over the forecast period. The low maintenance requirement of gas insulated substation reduces the space requirement of the substation by as much as 70%, thereby enabling it to be installed indoors, especially in the urban areas. This is majorly driving the indoor segment of the gas insulated substation market.



By end-users, the market includes power distribution, generation, transmission, and infrastructure.

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.

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.

Get Free Sample Copy (at) https://www.marketresearchfuture.com/sample_request/7011

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Market Research Future

+1 646 845 9312

Email: sales(at)marketresearchfuture.com



More information:
http://https://www.marketresearchfuture.com/reports/gas-insulated-substation-market-7011



Keywords (optional):



Company information / Profile:

PressRelease by

Requests:



PressContact / Agency:



published by: mrfr123
print pressrelease  send to a friend  

Date: 02/20/2020 - 01:52
Language: English
News-ID 1556162
Character count: 4489
Kontakt-Informationen:
Firma: Market Research Future
Ansprechpartner: Avni Feedback to businesspress24.com about Pressrelease-id:
Stadt: Pune
Telefon:

Meldungsart: Financial
Versandart: send
Freigabedatum: 20/2/2020
Comments:



Number of hits: 423

Linking-Tips:



Direct Link to this PressRelease:






We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease






All members: 9 438
Register today: 0
Register yesterday: 0
Members online: 0
Guests online: 59


Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.