Press release
Gas Insulated Transmission Line Market 2022 Global Leading Companies Analysis, Revenue, Trends and Forecasts 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 2021, and expand at a healthy CAGR of 4.5% over the forecast period of 2021-2031. 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.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.
Request For Free Sample Report@https://www.persistencemarketresearch.com/samples/21805
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 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.
Request For Report Customization@https://www.persistencemarketresearch.com/request-customization/21805
Competitive Landscape
The gas insulated transmission line market is identified to be significantly consolidated. Some of the key players in the market are Siemens AG, GE Grid Solutions, AZZ Incorporate, ABB, Hitachi ABB, LS Cable & System Ltd., and Beta Engineering.
These players have higher shares in the global market and have longstanding relationships with a number of end users for the supply of gas insulated transmission lines.
For in-depth competitive analysis, buy now@https://www.persistencemarketresearch.com/checkout/21805
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 (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
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 Transmission Line Market 2022 Global Leading Companies Analysis, Revenue, Trends and Forecasts 2031 here
News-ID: 2754844 • Views: …
More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…

Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…

US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…

Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
More Releases for Grid
Solar Charge Controller Market Growth: Off-Grid & On-Grid Systems
According to a new report published by Allied Market Research, the solar charge controller market size was valued at $1.8 billion in 2021, and is estimated to reach $3.4 billion by 2031, growing at a CAGR of 6.6% from 2022 to 2031.
A solar charge controller or charge regulator is basically used in the solar energy systems to protect battery from overcharging by regulating the current or voltage produced through solar…
What is a micro-grid? The difference between micro-grid and large grid
What is a Micro-Grid?
A micro-grid is a small-scale power system composed of distributed power sources, loads, energy storage, power distribution and transformation, and control systems. Despite its small size, it is fully functional, capable of generation, distribution, and consumption of electricity. It can autonomously control, protect, and manage itself, optimizing energy within the grid.
The Difference Between Micro-Grid and Large Grid
A micro-grid differs fundamentally from a traditional large grid. While a…
Grid-Forming Inverter Market Grid Management Revolution: The Potential of the Gr …
Grid-Forming Inverter Market
Grid-Forming Inverter Market to reach over USD 1,284.40 billion by the year 2031 - Exclusive Report by InsightAce Analytic
"Grid-Forming Inverter Market" in terms of revenue was estimated to be worth USD 676.01 Million in 2023 and is poised to reach USD 1,284.40 Million by 2031, growing at a CAGR of 8.48% from 2023 to 2031 according to a new report by InsightAce Analytic.
Get a free sample copy…
Grid Resilience: Grid Scale Battery Market Redefines Energy Storage Dynamics, 20 …
Grid Scale Batteries are pivotal in revolutionizing energy storage for large-scale applications. These systems enhance grid reliability by storing excess energy during periods of low demand and releasing it during peak hours. Their versatility supports the integration of renewable energy sources, contributing to a more sustainable and resilient power infrastructure. Grid Scale Batteries play a crucial role in balancing supply and demand, mitigating the impact of intermittent renewable energy generation.…
Transmission and Distribution Market Infrastructure, Upcoming Projects, Investme …
"Transmission and Distribution (T&D) Market - Infrastructure, Upcoming Projects, Investments, Key Operators, and Key Country Analysis to 2025", is the latest market analysis report from GlobalData, that offers comprehensive information and understanding of the T&D market. The report provides a clear overview of and detailed insight into the global T&D market. It provides data covering historic and forecast market size, length and capacity of T&D lines, globally, and in twelve…
Solar Photovoltaic (PV) Installation Market: By Grid Type - Grid-Connected, Off- …
Latest industry research report on: Solar Photovoltaic (PV) Installation Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
Download Sample copy of this Report at :http://www.marketresearchreports.biz/sample/sample/148657
Solar Photovoltaic (PV) systems are used to generate electricity through the photovoltaic effect. Solar radiation is trapped and converted to electricity via solar PV panels. The solar PV systems generate electricity with negligible carbon emissions thereby cutting the carbon level in…