Sulfur Hexafluoride Market Demand and Growth opportunities 2020-2026 | Fujian Yongjing Technology Co., Ltd., Kanto Denka Kogyo
The market for sulfur hexafluoride is anticipated to register a CAGR over 5% during the forecast period 2019-2024.
- Growing demand for electricity in developing countries is expected to drive the demand for sulfur hexafluoride during the forecast period.
- Adoption of HVDC transmission in developing nations is projected to act as an opportunity for the market in the future.
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Market competition by Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the Top players including-
Advanced Specialty Gases., Air Liquide, Air Products and Chemicals, Inc., Chongqing Daan Yingde Speciality Gas Co.,Ltd., Concorde Specialty Gases, Inc., Fujian Yongjing Technology Co., Ltd., Kanto Denka Kogyo Co., Ltd., Matheson Tri-Gas, Inc., Praxair Technology, Inc., Linde, SHOWA DENKO K.K., Solvay
Key Market Trends-
Increasing Usage in Electrical Applications
- The second biggest application of sulfur hexafluoride is as a dielectric medium in switchgear, capacitors, circuit breakers, and other electric appliances.
- Sulfur hexafluoride is suitable for operating in a range of 33 KV to 800 KV, which makes it an ideal dielectric medium for circuit breakers. A large number of appliances with varied operating conditions and operating ranges can be made with the help of sulfur hexafluoride.
- The demand for electricity has been steadily increasing in the developing nations due to economic development and increasing living standards of the people of developing nations. One of the major reasons for this is the increasing demand for mobile, television and other household appliances.
- The adoption of HVDC transmission in some of the developing nations can further increase the demand for sulfur hexafluoride, as it is useful in the manufacture of high voltage transmission systems and equipment.
- All the aforementioned factors are expected to drive the demand for the sulfur hexafluoride during the forecast period.
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Europe to Grow at a Slower Rate
- The European region is about to experience growth at a slower rate than other regions with major developing nations in 2018.
- In Europe, the largest application for sulfur hexafluoride is medical applications. Germany is the largest market for medical devices in Europe.
- Italy is Europes fourth largest market for medical devices after Germany, France, and the UK with market size of USD 9,061 million in 2016 and is projected to grow at CAGR of 2 % between 2017-2020.
- The usage of sulfur hexafluoride in metal manufacturing is declining owing to the stringent regulations of the governments of developed nations in Europe.
- The sulfur hexafluoride in the European region is anticipated to register the slower growth during the forecast period.
The key insights of the Sulfur Hexafluoride Market report:
-The report provides key statistics on the market status of the Sulfur Hexafluoride market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
-The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
-The Sulfur Hexafluoride market report presents the company profile, product specifications, capacity, production value, and 2014-2020 market shares for key vendors.
-The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
-The report estimates 2020-2026 market development trends of Sulfur Hexafluoride Market.
-Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
-The report makes some important proposals for a new project of Sulfur Hexafluoride Industry before evaluating its feasibility.
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Finally, this Sulfur Hexafluoride report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Sulfur Hexafluoride product development and gives an outline of the potential Global market.
Irfan Tamboli (Sales)
Phone: + 1704 266 3234
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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