GIS Substations Market To Witness A Major Overhaul Between 2021-2031

GIS Substations Market Forecast and CAGR
According to study the GIS Substations market is projected to expand between 8% and 10% CAGR during the 2021 to 2031 assessment period. The market is anticipated to account significant growth on the back of increasing power industry, which accounts for prominent share of sales in the GIS substation market. Electrification and modernization of government and private sector power systems are key factor fueling the market growth. This systems are primarily used in power systems owing to its high compactness and the space occupied by this systems is only about 10% of that of a conventional outdoor or AIS (Air Insulated Substation) substation.

To remain ‘ahead’ of your competitors, request for a samples@ https://www.persistencemarketresearch.com/samples/32981

What is Driving Demand for GIS Substations?
These substations are high voltage substation whose main assembly is confined in a sealed environment with sulfur hexafluoride gas as an insulating medium. A gas-insulated substation (GIS) uses a superior dielectric gas, SF6, at moderate pressure for phase-to phase and phase-to-ground insulation. These substations are compact in shape and require comparatively less space than other substations. As the land value per hectare is increasing, the demand for compact systems is also increasing therefore boosting the market. Increasing safety & reliability concerns related to substation security are expected to drive market in the forecast period. Longer shelf life and single time investment will remain prominent growth factors for the market.

US GIS Substations Market Outlook
US is one of the prominent markets for GIS Substations in the globe. Demand is likely to remain muted in the next couple of quarters, as a number of end-use industries make gradual recovery. There has been growing demand for electricity on the back of well-established industrial sector. Although this high demand is challenged by electricity outages in the country due to natural disasters and others events. This particular reason has been one of the prominent driver of the market in US itself.

Demand for GIS Substations in US will be led by Energy sector. Government is enrolling schemes and promoting inter industry collaboration to encourage use of GIS Substations technology. Furthermore increasing urbanization and energy demand are set to drive the market in the region. However according to report by CED Engineering, In the US, only about 2 to 5% of new Substations are constructed as GIS owing to high availability of land.

For critical insights on this market, request for customization here @ https://www.persistencemarketresearch.com/request-customization/32981

APAC Demand Outlook for GIS Substations
APAC is another prominent region for the GIS substation market. This region has witnessed some of the most significant industrial activities in the near past. China, Japan, India, Singapore and Indonesia are the leading countries in the region.

With rising concern and awareness for proper transmission and distribution to ensure uninterrupted power supply, market is anticipated to gain significant sales figure in the forecast period from the region. Additionally Japan accounts for high sales for this substation in the regions owing to low land space and high energy demand and also it was the first country to use this type of substations.

Who are the Key Manufacturers and Suppliers of GIS Substations?
Some of the leading manufacturers and suppliers of
• ABB
• GE
• Siemens
• Hitachi Ltd.
• L&T
• Toshiba Corporation
• Mitsubishi Electric Corporation
• Schneider Electric SE
• Nissin Electric Co. Ltd
• Others.

For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/32981

Read More Trending “PMR Exclusive Article”
• Global Market Study on Powder Coating Equipment: https://www.persistencemarketresearch.com/market-research/powder-coating-equipment-market.asp
• Global Market Study on High Power Industrial Burners: https://www.persistencemarketresearch.com/market-research/high-power-industrial-burners-market.asp

Contact us:
Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com

About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.

This release was published on openPR.