Dielectric Gases High Demand In Power Utility Industry Owing To Gradual Quenching And Insulation Properties

The demand for dielectric gases was US$ 118.8 million in 2021 and is anticipated to rise by about 8% year over year to US$ 128.3 million. In addition, the market is anticipated to grow at a CAGR of 7% between 2022 and 2032, reaching US$ 252.37 Million.

Sales of dielectric gases increased significantly between 2015 and 2021, with a 6.5% CAGR. Dielectric gases have been widely used in extra- and ultra-high voltage applications in the oil, gas, and utility sectors. The global market for dielectric gases has been driven by the transition away from oil with substantial safety risks and toward a much safer substitute.

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The Power Utility Industry to emerge as one Primary End-User of the Dielectric Gases Market

Power utilities have historically used dielectric gases most frequently (50 percent of the market). Due to their progressive quenching and insulating qualities, dielectric gases are highly sought after in these sectors. The next industry is transportation, where transformers and switch gears at train stations and other high-energy areas are powered by dielectric gases.

The market for dielectric gas is anticipated to expand throughout the forecast period based on the aforementioned aspects. With a market share of close to 50%, the power utility sector is anticipated to dominate the global dielectric gases market. Power usage has significantly increased in East Asia. As the need for power increases, there is a significant need for power transmission and distribution lines.

Key Companies Profiled
• 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

What insights this research provides to readers?
• Dielectric Gases fragmentation on the basis of product type, end use, and region.
• Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
• Collaborations, R&D projects, acquisitions, and product launches of each Dielectric Gases player.
• Various regulations imposed by the governments on the consumption of Dielectric Gases in detail.

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Based on precise data trends and classification, we provide one of the most thorough and understandable regional breakdowns of the global Dielectric Gases market. With regard to a variety of industries, from developing markets to regional markets, our specialists provided insightful analysis. Expect a thorough examination of the most significant economies in the globe, both internationally and globally.

The most recent market research report, which is being distributed to a global audience, offers business forecasts, growth trends in important regions, and development developments. The thorough market research helps customers navigate the data and understand the analysis. A deeper understanding of the industry, thorough predictions, product production, and overall market income can all be aided by geographic market research.

Dielectric Gases Market: Segmentation
• 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

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