openPR Logo
Press release

Gas-Insulated Substation Market | Ongoing Trends and Recent Developments | Major Key Players like ABB, L&T, Siemens, Hitachi, Toshiba Corporation, Hyosung, BHEL and General Electric

09-10-2019 08:44 AM CET | Energy & Environment

Press release from: MarketsandMarkets™

Gas-Insulated Substation Market | Ongoing Trends and Recent

According to recent market research "Gas-Insulated Substation Market by Voltage Type (Medium, High, and Extra High), Installation (Indoor and Outdoor), Output Power, End User (Power Transmission Utility, Distribution Utility, and Generation Utility), and Region - Global Forecast to 2023" the gas-insulated substation market is projected to reach USD 29.5 billion by 2023 from USD 18.9 billion in 2018, at a CAGR of 9.2%.

The gas-insulated substation market is expected to register a CAGR of 9.3% from 2018 to 2023. The growth in this market is supported mainly by the growing renewable power generation, the increasing investments in the transmission & distribution infrastructure, the rising energy demand, and limitations of space availability in densely populated urban areas, and increasing government initiatives for improving the electricity access.

Browse 65 market data Tables and 33 Figures spread through 132 Pages and in-depth TOC on "Gas-Insulated Substation Market - Global Forecast to 2023"

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/gas-insulated-substation-market-222051400.html

The high voltage segment will continue to dominate the gas-insulated substation market, by voltage type, during the forecast period

The gas-insulated substation market is segmented, by voltage type, into medium, high, and extra high. The high voltage segment held the largest market share in 2018. This can be attributed to its reliability and protection for the grid infrastructure. High voltage gas-insulated substations are used widely for critical switchyard of large power generation plants. A majority of the gas-insulated substations connected to the high voltage transmission grid are of indoor types. The high voltage segment is also driven by the refurbishment of old power transmission infrastructure in the developed countries of Europe and North America.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=222051400

The outdoor segment is growing at the fastest rate in the gas-insulated substation market

The gas-insulated substation market is segmented, by installation, into indoor and outdoor. The outdoor segment is expected to grow at the fastest rate during the forecast period. Outdoor gas-insulated substations provide reliable operations in high-voltage transmission and medium voltage and are preferred for transmission & distribution of electricity over a long distance. These gas-insulated substations are designed to be used in outdoor environments. The enclosure is constructed so that the apparatus can be protected from harsh environmental conditions, including possible contamination. Outdoor substations operate above 5 kV voltage range. Thus, with the increase in demand for electricity, that is, the increase in high load transmission is expected to drive the outdoor installation of gas-insulated substations.

Asia Pacific will continue to dominate the gas-insulated substations market through 2023

The gas-insulated substation market has been analyzed with respect to six regions, namely, North America, Europe, South America, Asia Pacific, and the Middle East & Africa. Asia Pacific is estimated to be the largest gas-insulated substation market from 2018 to 2023, followed by the Middle East & Africa.

Factors such as increasing power consumption, rising influx of renewable sources in the energy mix, government mandates on energy efficiency, renovation, modernization, and upgrade of aging hydropower plants driving the gas-insulated substation industry in Asia Pacific. The extending generation connections in Asia Pacific is another major driver for expanding investments in the transmission & distribution network in this region.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=222051400

The gas-insulated substation market consists of a few leading players such as ABB (Switzerland), L&T (India), Siemens (Germany), Hitachi (Japan), Toshiba Corporation (Japan), and General Electric (US) because of their broader product portfolio along with crucial developments in the market. These top players have a wide distribution and sales networks across the globe. The other players in the market include Hyosung (South Korea), BHEL (India), TBEA, Co. Ltd. (China), El Sewedy Electric, Crompton Greaves (India), and Mitsubishi Electric Corporation (Japan).

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/gas-insulated-substation.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Gas-Insulated Substation Market | Ongoing Trends and Recent Developments | Major Key Players like ABB, L&T, Siemens, Hitachi, Toshiba Corporation, Hyosung, BHEL and General Electric here

News-ID: 1831381 • Views: 567

More Releases from MarketsandMarkets™

Data-centric Security Market prognosticated to reach $9.8 billion by 2026
According to a new market research report "Data-centric Security Market by Component (Software and Solutions and Professional Services), Deployment Mode (Cloud and On-premises), Organization Size, Vertical (Government and Defense, Healthcare, Telecommunications), Region - Global Forecast to 2026" published by MarketsandMarkets™, the global Data-centric Security Market size expected to grow from USD 3.5 billion in 2020 to USD 9.8 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 23.1%
Intelligent Process Automation Market Size, Share, Trends, Current and Future An …
According to Intelligent Process Automation Market report published by MarketsandMarkets, the global Intelligent process automation market size is expected to grow from USD 13.6 billion in 2022 to USD 25.9 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 13.8% during the forecast period. Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=23417145 Browse 326 market data Tables and 51 Figures spread through 306 Pages and in-depth TOC on "Intelligent Process Automation Market
Bare Metal Cloud Market extrapolated to reach $16.4 billion by 2026
Bare Metal Cloud Market expected to grow at a Compound Annual Growth Rate (CAGR) of 24.1% during the forecast period, to reach USD 16.4 billion by 2026 from USD 4.5 billion in 2020. Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=153940759 Bare metal cloud servers are non-virtualized cloud alternatives, primarily implemented to enhance storage capacity and data-intensive computing operations, and deliver high-performance workloads across heterogeneous platforms. These servers combine the elasticity and utility of public
Project Portfolio Management Market revenues may hit $6.5 billion by 2027
Project Portfolio Management Market size expected to grow from USD 4.7 billion in 2022 to USD 6.5 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period. Browse 420 market data Tables and 56 Figures spread through 284 Pages and in-depth TOC on "Project Portfolio Management Market" Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=225932595 project portfolio management market is dominated by companies such as, Oracle (US), Planview (US), Broadcom

All 5 Releases


More Releases for Substation

Digital Substation Market Size, Share, Outlook, and Digital Substation Market Tr …
Global digital substation market is valued approximately USD 6.3 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 7.87% over the forecast period 2018-2025. Increasing technological advancements is considered as key trend for the digital substation market. Additionally, the advent of battery technology to generate electricity is also expected to supplement the growth of the market across the globe.  The digital substation market is
Global Substation Automation Market
This report studies the Substation Automation market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. The demand of Substation Automation is increasing now. The global Substation Automation market was xx million US$ in
Substation Automation Market: Lucrative Opportunites across Globe
Substation automation is an integral part of electrical system for generation, transmission and distribution of electricity. The combination of devices used to change the characteristics of electric supply such as voltage, p.f. and frequency among others is called substation. Substations are used to receive electricity at high voltage from the transmission and decrease the voltage to the appropriate level so that it can be used for local distribution. On the
Substation integration Market
Substation integration is a method of protecting, controlling and acquisition of data into a nominal number of platformfor the purpose of reducing operating and capital cost, it also helps in reducingthe control and panel room space, and it also helps to eliminate redundant equipments and databases. The growing adoption of smart grid technology in the utility sector and the need to reduce the distribution and transmission losses in the mode
Substation Automation Systems
The Insight Partners added “Substation Automation Market 2025 – Global Analysis and Forecasts by Module (Intelligent Electronic Devices, Communication Networks and Scada Systems); Offering (Hardware, Software and Services); Type (Transmission substation and Distribution substation); Installation Type (Retrofit Installation and New Installation) & End-Users (Utility, Steel, Mining, Oil & Gas and Transportation)” to its research database. The report is spread across 150 pages and supported by 10 company leaders. Substation automation is
Substation Automation Market: Applications and Global Markets
According to a recent market research report released by Transparency Market Research, the global substation automation market is expected to grow positively at a CAGR of 5.4% during the period between 2014 and 2020. The report, titled “Substation Automation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, has projected the valuation of the worldwide substation automation market by the end of the forecast horizon.