Press release
Gas Insulated Transmission Lines Market 2022 Global Leading Companies Analysis, Revenue, Trends and Forecasts 2031|Siemens AG, GE Grid Solutions, AZZ Incorporate, ABB
Gas Insulated Transmission Line Market 2022-2031
As per Persistence Market Research’s latest analysis, the global gas insulated transmission line market is projected to be valued at around US$ 469.5 Mn in 2022, and expand at a healthy CAGR of 4.5% over the forecast period of 2022-2031. Rapid urbanization, increasing spending on the power generation sector, and infrastructure development are expected to drive sales of gas insulated transmission line over the coming years.
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Collaborations, acquisitions, and mergers are highly prevalent in this competitive landscape.
In 2017, ABB Power Grids partnered with State Grid Corporation of China (SGCC) to build the first of its kind 1,000-kilovolt (kV) gas-insulated lines (gas insulated transmission line) laid in the Sutong tunnel to transmit clean energy from West to East China.
In 2015, GE completed the acquisition of Alstom Power and Grid Business, targeted to increase its market presence for gas insulated transmission lines across Europe.
Construction project implementation rates, related manufacturing output production rates, and supply chain networks have been disrupted as a result of the ongoing COVID-19 outbreak. Though sales of gas insulated transmission lines dropped in the early phase of the pandemic, the market is likely to rebound dramatically in the years ahead.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Siemens AG, GE Grid Solutions, AZZ Incorporate, ABB, Hitachi ABB, LS Cable & System Ltd., and Beta Engineering and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Gas Insulated Transmission Line.
Key Takeaways from Market Study
Above ground installation of gas insulated transmission line will dominate the landscape. The segment will account for around 50% share at a growth rate of 4.4% CAGR through 2031.
Tier-I manufacturers are focusing on R&D in the field of insulation gas and DC gas insulated transmission lines.
By end use, power transmission & distribution accounted for a prominent share of 48% share in 2020, and is expected to rise at 4.7% CAGR through 2031.
By application, AC-based transmission lines will lead the market experiencing a growth rate of 4.5%. Extensive use of AC current in the power transmission sector and various end industries will drive segment expansion.
ASEAN, Japan, and the U.K are picking up pace in the gas insulated transmission line industry, owing to robust outlook of various end-use industries in these regions.
“Europe and South East Asia are expected to maintain their dominance. Prices of gas insulated transmission line are anticipated to decrease over the next 7-8 years,” says a Persistence market Research analyst.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Gas Insulated Transmission Line Market Manufacturers
Gas Insulated Transmission Line Market Distributors/Traders/Wholesalers
Gas Insulated Transmission Line Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
If you have any special requirements, please let us know and we will offer you the report as you want.
Major Highlights of the Gas Insulated Transmission Line Market Report:
The Gas Insulated Transmission Line Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
The report dives deeper into the market and explains the dynamic factors bolstering market growth.
The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
The report analyzes the Gas Insulated Transmission Line Market presence across major regions of the world.
It determines the production & consumption capacities and demand & supply dynamics of each regional market.
The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.
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About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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