Press release
Increasing Demand for Energy in Developing Economies to Propel Gas Insulation Substation Market
The key components utilized in the assembly of GIS include circuit breakers, bus bars, earthing switches, disconnectors, feeder disconnectors, control panels, and voltage transformers. The increasing energy demand in developing economies owing to the shift in lifestyles, increasing environmental concerns, and the rising per capita disposable incomes globally are amongst the chief factors fuelling the market for gas insulation substations. In addition, the increasing popularity of GIS due to their ease of use in big buildings is also predicted to augment the growth of the market. GIS is broadly utilized in urban installations, indoor installations, high-voltage installations, and environmentally sensitive installations, among others.
Interpret a Competitive outlook Analysis Report with PDF Brochure : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2974
Rising Demand for Compact Power Systems to Boost Gas Insulation Substation Market
GIS has a number of benefits over conventionally used substations. GIS take up minimal space in comparison to traditionally utilized air insulation substations. In urban areas where there is a shortage of land, gas insulated substations can be installed within small areas. Hence, the rising demand for compact power systems and the soaring cost of land will also stimulate the gas insulation substation market. In addition, the sulfur hexafluoride gas utilized in GIS has great dielectric properties and thus acts as an insulating medium in extra-high-voltage and high-voltage substation equipment. Furthermore, the operational as well as maintenance cost involved in the use of sulfur hexafluoride gas is low, thus boosting the growth of the market for gas insulation substations.
Asia Pacific GIS Market Held Largest Share of 54% in 2015
In terms of geography, the gas insulation substations market is segmented into Europe, Asia Pacific, North America, and Rest of the World (RoW). Amongst these, in 2015, the region of Asia Pacific held the largest share of 54% in the market. Within this region, China led the market on the basis of revenue and was trailed by India. On the other hand, the Europe gas insulation substation market emerged as the second largest market and was trailed by North America, which emerged as the third largest market.
Complete Report with TOC : http://www.transparencymarketresearch.com/gas-insulated-substation-market.html
Within North America, Canada and the U.S. emerged as key countries on the basis of revenue in 2015. The regional segment of RoW is predicted to experience exponential growth in the coming years due to the development of the processing and manufacturing sectors as well as the rising demand for electricity within this region. On the other hand, the gas insulation substation market within Gulf Cooperation Council (GCC) countries is anticipated to rise at the greatest CAGR from 2016 to 2024.
The chief players operating in the gas insulation substation market are Eaton Corporation Plc, Fuji Electric Co., Ltd., ABB Group, General Electric Company, Mitsubishi Electric Corporation, Hitachi, Ltd., Schneider Electric SE, Crompton Greaves Limited, Toshiba Corporation, and Siemens AG, among others.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
90 Sate Street, Suite 700
Albany, NY 12207
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 Increasing Demand for Energy in Developing Economies to Propel Gas Insulation Substation Market here
News-ID: 381822 • Views: …
More Releases from TMR-Research Reports
Chemical Mechanical Planarization Market Global Market Opportunity Assessment St …
The semiconductor wafer fabrication process includes a critical technological procedure called as chemical mechanical planarization (CMP). The top surface of the wafer is planarized or polished in this procedure to produce a flat surface that is flawless and is essential to make powerful and faster semiconductor devices. Constant improvements in chemical mechanical planarization has significantly helped in enhancing the output of semiconductor devices and that too at a fairly lesser…
Oil Storage Market Global Industry Analysis Forecast 2016 – 2024
The global oil storage market is considerably consolidated as the top five players, namely NuStar Energy L.P., Buckeye Partners L.P., Oiltanking GmbH, Kinder Morgan Inc., and Royal Vopak N.V. held over 67% of global market in 2014. Transparency Market Research (TMR) has estimated that the degree of competition will escalate due to increasing investments by some of the key market players. The threat from new entrants is expected to remain…
Biofertilizers Market Insights with Key Company Profiles - Forecast to 2025
A recent intelligence study by Transparency Market Research (TMR) suggests that the global biofertilizers market is largely fragmented, though a few companies do hold slightly dominant position via diverse product portfolio and geographical reach. The report identifies Biomax, PotashCorp Agri Life, Italpollina SpA, Bodisen Biotech, Inc., Protan AG , Novozymes A/S , T. Stanes & Company Limited, Gujarat State Fertilizers and Chemicals Ltd., Symborg S.L, Rashtriya Chemicals and Fertilizers Limited,…
Alcohol-Based Disinfectants Market Evolving Industry Trends 2020
The global alcohol-based disinfectants market is foreseen to rake in a high demand in the near future while riding on the ability of the disinfectants to efficiently eliminate germs and evaporate soon after. Besides hand sanitizing, alcohol-based disinfectants could be engaged for other applications such as food sanitization. Since a substantial count of manufacturers perform downstream activities, there could be a high degree of forward integration taking shape in the…
More Releases for GIS
Geographic Information System (GIS) Software Global Market Report 2024 - Geograp …
"The Business Research Company recently released a comprehensive report on the Global Geographic Information System (GIS) Software Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, The…
Asset Management GIS World 2024 Coverage
Several public works organizations have made a significant investment into gaining and deploying a geospatial information system (GIS) for tracking their spatial assets, maintaining historical records and sustaining a precise inventory. GIS data delivers invaluable information to these asset management organizations. Whether the user organizations have utilities, roads, parks and recreation, bridges, signals or facilities, a robust integration between asset management and GIS is integral to a long term, successful…
Integration of BIM & GIS
Building information modeling (BIM) and geographic information systems (GIS) are two technologies that have particular applications. GIS has mapping characteristics and geographical databases, while BIM is primarily utilized for building assets as an object-based information model. In challenging and extensive projects, the connecting thread between these two technologies is gaining legitimacy. BIM technologies are typically used in projects related to architecture and civil engineering, while GIS systems are typically used…
Mobile GIS Market is Anticipated to Gain Moderate CAGR by 2027 | ESRI, GIS Cloud
Mobile GIS market research analysis depicts severe economic consequences caused due to the outbreak COVID-19, which affected the entire society and world economy. Present and previous pricing structure made here helps industry players to bring the right products into the market and gain huge returns. Newly entering market player needs to take the help of this Mobile GIS market research when launching any new product. A few of the vital…
GIS Software Market 2025 by Component, Type of GIS Software, Functions, Organiza …
Increasing adoption of GIS for facilities management, integration of GIS with mainstream technologies for business intelligence, and growing demand for GIS software for smart cities development as well as urban planning have fueled the growth of the global GIS Software Market.
For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5259
The global GIS software market was valued at $3.24 billion in 2017 and is expected to hit $7.86 billion in 2025, registering a CAGR of 11.8% from…
Global Cloud GIS Sales Market Top player: CartoDB , ESRI , Hexagon, GIS Cloud
The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.
Browse Complete…
