Worldwide Demand for Dielectric Gases Is Poised To Flourish At A CAGR of 7% by 2032

Demand for dielectric gases stood at US$ 118.8 Million in 2021, and is poised to incline at a Y-o-Y rate of nearly 8% to reach US$ 128.3 Million. Furthermore, the market is slated to expand at a value CAGR of 7% from 2022 to 2032, reaching US$ 252.37 Million.

With the rate of urbanization increasing rapidly, the need for constructing commercial and residential infrastructure is rising. In order to ensure durability of buildings and to ensure residents' safety, key vendors are deploying dielectric gases based insulating material. It is touted that dielectric gas insulators are far more cost effective compared to conventional insulators, another factor bolstering market growth.

Download Free Sample Copy of This Report:

https://www.factmr.com/connectus/sample?flag=S&rep_id=4805

Key Takeaways from the Market Study

• Global dielectric gases market demand to nearly double from 2022-2032

• By type, SF-6 based dielectric gases to account for more than 4/5th revenue

• Dielectric gases to be most widely used for switchgears, expected to yield US$ 95 Million in 2032

• Power utilities to be a prominent end use segment, accumulating half of total market revenue

• U.S to emerge as an opportunistic growth region, documenting a CAGR of 5.1% until 2032

• Germany to be the fastest accelerating market, registering a CAGR of 6.8%

Dielectric Gases Market- Competitive Landscape

Key players in the di-electric gas market are constantly looking for ways to provide higher-quality products at lower costs and with consistent supply over long periods of time, allowing manufacturers to move the business segment more smoothly.

The majority of smaller businesses are entering into long-term contracts with contract manufacturers to supply customized products at cost-competitive prices for end-use applications. The Di-electric Gases market is fragmented, with the major players controlling more than half of the market value share.

• For the development of this product, Novec, 3M Company collaborated with ABB and GE in April 2021. The collaborative effort resulted in the introduction of a high-potential alternative to SF6 technology, as well as technology exchange that added value to the global landscape.

• Linde India signed a business transfer agreement with HPS Gases, Vadodara, on August 2, 2021, to acquire its entire packaged gases business, as well as certain distribution assets, with effect from November 1, 2021, for an aggregate cash consideration of Rs.27.5 crore.

Share Your Requirements & Get Customized Reports :

https://www.factmr.com/connectus/sample?flag=RC&rep_id=4805

Key Companies Profiled by Fact.MR

• The 3M Company
• Solvay S.A.
• General Electric
• The Linde Group
• KPL International Limited
• Matheson Tri-Gas, Inc.
• Kanto Denka Kogyo Co., Ltd.
• Showa Denko K.K.
• ABB Inc.
• Messer Group GmbH

Key Segments Covered in the Dielectric Gases Market Study

• Dielectric Gases by Gas Type :

o SF6-based Dielectric Gases
o Dry Air-based Dielectric Gases
o Fluoronitrile-based Dielectric Gases
o Nitrogen-based Dielectric Gases
o Other Dielectric Gas Types

• Dielectric Gases by Application :

o Dielectric Gases for Medium Voltage
o Dielectric Gases for High Voltage
o Dielectric Gases for Extra & Ultra High Voltage

• Dielectric Gases Market by End Use Equipment :

o Dielectric Gases for Switchgears
o Dielectric Gases for Transformers
o Dielectric Gases for Gas Insulated Lines

• Dielectric Gases Market by End Use Industry :

o Dielectric Gases for Transportation
o Dielectric Gases for Heavy Metals
o Dielectric Gases for Oil & Gas
o Dielectric Gases for Mining
o Dielectric Gases for Chemicals & Petrochemicals
o Dielectric Gases for Power Utilities
o Dielectric Gases for Other End Use Industries

• Dielectric Gases Market by Region :

o North America Dielectric Gases Market
o Latin America Dielectric Gases Market
o Europe Dielectric Gases Market
o East Asia Dielectric Gases Market
o South Asia & Oceania Dielectric Gases Market
o Middle East & Africa Dielectric Gases Market

More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the dielectric gases market, presenting historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of gas type (SF6, dry air, fluoronitrile, nitrogen and others), by application (medium voltage, high voltage and extra & ultra-high voltage), by end use equipment (switch gears, transformers and gas insulated lines) and by end use industry (transportation, heavy metals, oil & gas, mining, chemicals & petrochemicals, power utilities and others) across six major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania and Middle East & Africa).

Get Full Access to this Report :

https://www.factmr.com/checkout/4805

Table of Content

1. Executive Summary

1.1. Summary of Key Findings

1.2. Summary of Statistics

2. Market Overview

2.1. Market Introduction

3. Market Risks & Trends Assessment

3.1. COVID-19 Impact Benchmark with Previous Crisis

3.1.1. Change in Dielectric Gases Demand and Consumption Growth

3.1.2. Before and After COVID-19 Crisis (Projected)

4. Market Background and Associated Industry Indicators

4.1. Historical Price Fluctuations of Dielectric Gases

4.2. Comparison of Dielectric Gases

5. Global Dielectric Gases Market Volume Demand (Kilo tons) Analysis 2015-2021 and Forecast, 2022-2032

5.1. Historical Market Volume (Kilo tons) Analysis, 2015-2021

5.2. Current and Future Market Volume (Kilo tons) Projections, 2022-2032

Contd…

Explore Fact.MR's More Insights on the Chemical And Materials Domain

Chlor-Alkali Market : https://www.prnewswire.co.uk/news-releases/worldwide-chlor-alkali-production-to-surpass-500-million-tons-by-2031-from-under-400-million-ton-in-2020-863519054.html

Biosolids Market : https://www.prnewswire.com/news-releases/biosolids-continue-to-replace-chemical-fertilizer-demand-to-surpass-us-2-4-billion-by-2031--301402235.html

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email : sales@factmr.com
Website : https://www.factmr.com

Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we'll be an able research partner.

This release was published on openPR.