Press release
Revolutionizing Power Transmission: The Booming Gas Insulated Transmission Line Market and Its Sustainable Impact on the Energy Industry
Gas Insulated Transmission Line Market
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.
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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.
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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.
Key Segments Covered in Gas Insulated Transmission Line Industry Research
By Rated Voltage
115 to 220 kV Gas Insulated Transmission Lines
230 to 500 kV Gas Insulated Transmission Lines
550 to 1200 kv Gas Insulated Transmission Lines
By Installation Method
Aboveground Installation of Gas Insulated Transmission Lines
Tunnel Installation of Gas Insulated Transmission Lines
Vertical Installation of Gas Insulated Transmission Lines
Direct Burial of Gas Insulated Transmission Lines
By Application
DC Current Gas Insulated Transmission Lines
AC Current Gas Insulated Transmission Lines
By End User
Power Generation Plants
Power Transmission & Distribution
Oil & Gas Industry
Chemical Industry
Cement Industry
Mining Industry
Marine Industry
IT & Telecommunication
Railways
Others
By Region
North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductors and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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