Press release
Switchgear Segment to Lead Di-electric Gas Market in 2034, Driven by Urbanization and Renewable Energy Integration
Di-electric Gas Market
Advantages offered by di-electric gases over high-risk oils are expected to drive the global market. The product finds diverse applications in gears, transformers, gas-insulated lines, and high-voltage transmission units. It can also aid in reducing the weight and size of high-voltage transmission units. The market is on a positive growth trajectory owing to a global rise in energy consumption.
The expansion of the construction industry propelled by the residential and commercial sectors is projected to bolster market growth. High energy consumption in the sector, makes it a lucrative market for di-electric gases.
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Further, the product is expected to find application in medium voltage substations, owing to an increase in establishments of IT, telecom infrastructure, and HVAC units. Additionally, it finds critical applications in insulation.
Key Takeaways from the Report:
- The di-electric gases market recorded a CAGR of 6.5% between 2019 and 2024.
- China's di-electric gas market size is projected to surge at a CAGR of 8.2% from 2024 to 2034
- The South Korean market is projected to surge at a CAGR of 7.3% from 2024 to 2034
- In the forecast period, the United Kingdom industry is predicted to rise steadily at a CAGR of 7.1%.
- Based on end use industry, the power utilities segment is projected to register a CAGR of 5% from 2024 to 2034
Important Market Developments:
- In March 2022, Enedis and Schneider Electric collaborated to launch an advanced MV/LV substation equipment. This equipment uses an eco-friendly alternative to SF6gas. This new gas variant is highly in demand due to its application in high-voltage electrical distribution.
- In May 2022, Elsewedy Electric launched the first-ever busway dielectric system facility in Africa. It has features such as high preventive security standards, owing to short circuits, load distribution, and a lower magnetic field.
- In February 2021, Husqvarna launched a new pole saw, 525 DEPS MADSAW, or Minimal Approach Distances
Key Players:
- 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
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Di-electric Gases Market by Category
Gas Type:
- SF6 Di-Electric Gases
- Dry Air Di-Electric Gases
- Nitrogen Di-Electric Gases
- Fluoronitrile (FN) Di-Electric Gases
- Others
By End Use Equipment:
- Switchgear
- Transformers
- Gas Insulated Lines
Application:
- Medium Voltage
- High Voltage
- Extra & Ultra High Voltage
By End Use Industry:
- Power Utilities
- Oil & Gas
- Chemicals & Petrochemicals
- Heavy Metals
- Mining
- Transportation
- Other Industrial
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